Rebalancing Example

Rebalancing Member selects new investment allocation of his portfolio in different portions add up to 100%. (eg. 60% Fund A + 40% Fund B). Administrator will rebalance each of the Member’s existing funds in accordance with the new investment allocation. Administrator will : iredeem some or all of the investment units in the Investment Funds and Iireinvest the redemption proceeds in the Investment Funds so that the new allocation between the Investment Funds is in the proportions as specified. Units may be redeemed from an Investment Fund Even if the Member has not reduced the percentage allocation to that Investment Fund. IiiSwitching (redemption and subscription) will be done on the same dealing day without bid and offer spread Because of market movements, a switching instruction may result in a change in the number of Units you hold in a particular Investment Fund, even if the member has not changed the percentage allocation to that Investment Fund. Features

EXAMPLE: FUND SWITCHING MECHANISM - REBALANCING

Fund A Units to be remained in Fund A 100 units x 60% = 60 units Balance to be redeemed from Fund A 100 units x 40% x $1 = $40 And Subscribe into Equivalent units of Fund B: $40/$2 (unit price of fund B) = 20 units Fund A B New Allocation 60% 40% EXAMPLE: FUND SWITCHING MECHANISM – REBALANCING (Con’t)

Fund B Units to be remained in Fund B 50 units x 40% = 20 units Balance to be redeemed from Fund B 50 units x 60% x $2 = $60 And Subscribe into Equivalent units of Fund A: $60/$1 (unit price of fund A) = 60 units Fund A B New Allocation 60% 40% EXAMPLE: FUND SWITCHING MECHANISM – REBALANCING (Con’t)