RISK CLASSIFICATION OF INVESTMENT-LINKED INSURANCE PRODUCTS (ILPS) UNDER THE CPF INVESTMENT SCHEME Lower expected risk Higher expected risk EXPECTED RISK BROADLY DIVERSIFIED NARROWLY FOCUSED REGIONAL SECTOR COUNTRY w AIA Portfolio 100 # Europe Technology Singapore XX w AXA Global Equity Blend # w GreatLink European Equity Fund # w AIA Global Technology Fund # w AXA Fortress Fund # w AXA Global High Growth Fund # w Manulife European Equity Fund # w GreatLink Global Technology Fund # w AXA Singapore Equity Fund # w AXA Shariah Global Equity Fund # w PruLink Pan European Fund # w NTUC Global Technology Fund # w GreatLink Singapore Equities Fund # w GreatLink Global Equity Alpha Fund # w Manulife Golden Singapore Growth Fund # w GreatLink Global Perspective Fund # w NTUC Singapore Equity Fund # w GreatLink LifeStyle Dynamic Portfolio # w PruLink Singapore Growth Fund # w GreatLink LifeStyle Progressive Portfolio # Asia Healthcare w TMLS Singapore Equity Fund # w NTUC AIM 2045 # w AIA Regional Equity Fund # w AIA International Health Care Fund X w NTUC Global Equity Fund # w AXA Asian Growth Fund # w PruLink Global Equity Fund # w AXA Pacific Equity Fund # w TMLS Multi-Asset 90 Fund * # w GreatLink Asia Pacific Equity Fund # Sector - Others Japan

w HSBC Insurance Ethical Global Equity Fund # X w Manulife Asian Small-Cap Equity Fund # w GreatLink Global Real Estate Securities Fund # w AIA Japan Equity Fund # EXPECTED RETURN w Manulife Golden Worldwide Equity Fund X w Manulife Golden Asia Growth Fund # w PruLink Global Property Securities Fund X w GreatLink Lion Japan Growth Fund # w Manulife Lifestyle Portfolios - Growth X w Manulife Golden Asia Fund # w Manulife Japan Growth Fund # w Manulife Lifestyle Portfolios - Aggressive X w Manulife Pacific Equity Fund # w Aviva LionGlobal Japan Growth (SP) v X w NTUC Takaful Fund X w PruLink Asian Equity Fund # w Manulife Dividend Advantage Fund # w TMLS Asian Equity Plus Fund # Greater China w Aviva Standard Aberdeen Pacific Equity (SP) v X w AIA Greater China Equity Fund # w Aviva Capital Growth (SP) X w AXA China Growth Fund # w Aviva MM Capital Growth X w GreatLink China Growth Fund # w AXA Value Growth Fund # X w Manulife Golden Regional China Fund # w HSBC Insurance Pacific Equity Fund # X w PruLink Greater China Fund #

w TMLS China Equity Fund #

High expectedHigh return HIGHER RISK HIGHER

Country-Others Emerging Markets w AIA India Opportunities Fund # w AIA Emerging Markets Equity Fund # w AXA India Fund # w AXA Global Emerging Markets Equity Fund # w Manulife India Equity Fund # w GreatLink Global Emerging Markets Equity Fund # w Prulink India Equity Fund # w Manulife Global Emerging Markets Fund # w TMLS India Equity Fund # w PruLink Emerging Markets Fund # w Prulink China-India Fund X w TMLS Global Emerging Markets Equity Fund #

North America w PruLink America Fund #

Last Updated on: There are 144 ILP sub-funds launched for investment under the CPFIS as at 03 August 2021. 30 of the ILP sub-funds are currently not taking new CPF monies. August 03,2021 Page 1 of 3 RISK CLASSIFICATION OF INVESTMENT-LINKED INSURANCE PRODUCTS (ILPS) UNDER THE CPF INVESTMENT SCHEME Lower expected risk Higher expected risk EXPECTED RISK BROADLY DIVERSIFIED NARROWLY FOCUSED REGIONAL SECTOR COUNTRY w AIA Global Balanced Fund * # EuropeAsia Technology Singapore w AIA Portfolio 50 * # w AIA Acorns of Asia Fund * # w AIA Growth Fund * # w AIA Portfolio 70 * # w AXA Asian Balanced Fund * # w AXA Singapore Balanced Fund * # w AXA Global Balanced Fund * # w GreatLink Lion Asian Balanced Fund * # w Manulife Golden Balanced Growth Fund * # w AXA Global Growth Fund * # w Manulife Income Series – Asian Balanced Fund * # w NTUC Singapore Managed Fund * # w GreatLink Global Supreme Fund * # w NTUC Asia Managed Fund * # w PruLink Singapore Asian Managed Fund * X w GreatLink Lifestyle Balanced Portfolio * # w NTUC Prime Fund * # w GreatLink Lifestyle Secure Portfolio * # w PruLink Asian American Managed Fund * # Greater China w GreatLink Lifestyle Steady Portfolio * # w PruLink Asian Income and Growth Fund * # w AIA Greater China Balanced Fund * # w NTUC AIM 2025 * # w PruLink Singapore ASEAN Managed Fund * # w NTUC AIM 2035 # w Aviva Balanced Growth (SP) * X Others w NTUC Global Managed Fund (Balanced) * # w Aviva Income Growth (SP) * X w AIA India Balanced Fund * #

EXPECTED RETURN w NTUC Global Managed Fund (Conservative) * # w Aviva MM Balanced Growth * X w AIA Japan Balanced Fund * # w NTUC Global Managed Fund (Growth) # w Aviva MM Income Growth * X w PruLink Adapt 2025 * # w PruLink Adapt 2035 # w PruLink Global Managed Fund * # Others w TMLS Multi-Asset 30 Fund * # w AIA Emerging Markets Balanced Fund * # w TMLS Multi-Asset 50 Fund * # MEDIUM TO HIGH RISK HIGH TO MEDIUM w TMLS Multi-Asset 70 Fund * # w Aviva Schroder Multi Asset Revolution # X w Manulife Golden Global Balanced Fund *X w Manulife Lifestyle Portfolios - Moderate * X

w Manulife Lifestyle Portfolios - Secure * X

HIGHER RISK HIGHER Medium expected Medium return

w AIA Global Bond Fund * # Asia Singapore w AIA Portfolio 30 * # w GreatLink Short Duration Bond Fund * # w AIA Regional Fixed Income Fund * # w AXA Global Defensive Fund * # w Manulife Income Series – Asia Pacific Investment Grade w AXA Singapore Bond Fund * # w AXA Global Secure Fund * # Bond Fund * # w Manulife Singapore Bond Fund * # w AXA Short Duration Bond Fund * # w Manulife Lifestyle Portfolios - Conservative * X w NTUC Singapore Bond Fund * # w GreatLink Global Bond Fund * # w PruLink Singapore Dynamic Bond Fund * # w Manulife Golden International Bond Fund * # w TMLS Singapore Bond Fund * # w NTUC AIM NOW * # w NTUC Global Bond Fund * # w PruLink Global Bond Fund * # w TMLS Global Bond Fund * # w Aviva Nikko AM Shenton Short Term Bond (SP) v X w Aviva Legg Mason Western Asset Global Bond Trust (SP)* v X

w HSBC Insurance Global Bond Fund * # X LOW TO MEDIUM RISK MEDIUM TO LOW

Last Updated on: There are 144 ILP sub-funds launched for investment under the CPFIS as at 03 August 2021. 30 of the ILP sub-funds are currently not taking new CPF monies. August 03,2021 Page 2 of 3 RISK CLASSIFICATION OF INVESTMENT-LINKED INSURANCE PRODUCTS (ILPS) UNDER THE CPF INVESTMENT SCHEME Lower expected risk Higher expected risk EXPECTED RISK BROADLY DIVERSIFIED NARROWLY FOCUSED REGIONAL SECTOR COUNTRY w GreatLink Cash Fund * X Europe Technology Singapore

w PruLink Singapore Cash Fund * X w AIA S$ Money Market Fund * X

return

LOWER RISK LOWER Low expectedLow

# 'List A' - Funds that have met the stricter admission criteria : i) The revised benchmark set at the top 25 percentile of funds in their global peer group;

ii) Expense ratio that is not higher than that set by CPF Board by respective risk class. The criteria will apply to existing funds from 1 January 2008 onwards; EXPECTED RETURN iii) Effective 1 Oct 2020, sales charge will be zero for new investments into all CPFIS funds; iv) In addition, new funds into the CPFIS should preferably have a track record of good performance for at least 3 years.

* also available for investment under CPF Investment Scheme – Special Account (CPFIS-SA). X No new CPF monies / Fund(s) closed to new subscriptions. XX AXA Fortress Fund A is still open for new subscriptions and top-ups. AXA Fortress Fund B is closed for new subscriptions and top-ups. v Funds that meet the top 25 percentile criterion but unable to meet the TER criterion. tThe Fund has undertaken to cap the TER to comply with the limits set by the Board.

Notes: - The vertical axis denotes "equity risk" levels and the horizontal axis denotes "focus risk" levels. - The four broad equity risk categories (vertical axis) broadly correspond to risk levels of Equity Funds (Higher Risk category), Balanced Funds (Medium to High Risk category), Bond Funds (Low to Medium Risk category) and Cash Funds (Lower Risk category) - The focus risk categories (horizontal axis) are divided into two broad categories - "Broadly Diversified" and "Narrowly Focused". The "Narrowly Focused" category is further sub-divided into "Regional", "Sector" and "Country". - In general, risk levels increase as you move up the vertical axis and from left to right on the horizontal axis. Funds in the "Broadly Diversified" category generally have less risk than those in the "Narrowly Focused" category.

- Investments in funds in the "Narrowly Focused" category may be more risky than those in "Broadly Diversified" category, without a corresponding increase in expected returns. HIGHER RISK HIGHER

Delisting of Fund - For delisted funds, they will no longer be tracked under the CPFIS Risk Classification System and may no longer comply with the CPF Investment Guidelines (CPFIG)

Last Updated on: There are 144 ILP sub-funds launched for investment under the CPFIS as at 03 August 2021. 30 of the ILP sub-funds are currently not taking new CPF monies. August 03,2021 Page 3 of 3