AIFMD – DISCLOSURE SCHEDULE
Dated: April 2017

This schedule sets out the Pre‐Investment Disclosures required under Article 23 of the EU Alternative
Investment Fund Managers Directive (the AIFMD). Nikko Asset Management Asia Limited is the manager(the Manager) of ABF Singapore Bond Index Fund, an alternative investment fund (the AIF) for the purposesof the AIFMD.
Capitalised terms used herein and not otherwise defined shall have the meaning set forth in the Prospectus(Prospectus) of the AIF.

1Pre-Investment Disclosure relating to the Fund
Required Information

Description

Investment Policy1a/1a

A description of the investment
strategy and objectives;

Please see “INVESTMENT OBJECTIVE, FOCUS AND
APPROACH” at page 27‐31 of Prospectus.

1a/1b



If the AIF is a feeder AIF,
information on where themaster AIF is established;

Not applicable

1a/1c



If the AIF is a fund of funds,
information on where theunderlying funds areestablished;

Not applicable

1a/1d



A description of the types ofassets in which the AIF may
invest;Please see “INVESTMENT OBJECTIVE, FOCUS AND
APPROACH” at page 27‐31 of Prospectus.

1a/1eThe investment techniques thatthe AIF may employ and allassociated risks;

Please see “INVESTMENT OBJECTIVE, FOCUS AND
APPROACH” at page 27‐31 of Prospectus.

1a/1f



Any applicable investmentrestrictions.

Please see “INVESTMENT OBJECTIVE, FOCUS AND
APPROACH” at page 27‐31 of Prospectus.

1a/1g



The circumstances in which theAIF may use leverage;

The AIF is not currently leveraged.

1a/1h



The types and sources ofleverage permitted and theassociated risks;

1a/1i



Any restrictions on the use ofleverage and any collateral andasset reuse arrangements; and1a/1j



The maximum level of leverage
which the AIFM is entitled toemploy on behalf of the AIF;

1h/8

A description of the AIF’s liquidity
risk management, including theredemption rights of investors innormal and exceptional
circumstances, and the existing
redemption arrangement withinvestors;

The AIFM has established liquidity risk management
policies which enable the AIFM to identify, monitor,and manage the liquidity risks of the Fund. Suchpolicies, combined with the liquidity management
tools available, week to achieve fair treatment ofHolders, and safeguard the interests of remaining
Holders against the redemption behaviour of otherinvestors and mitigate against systemic risk. The
AIFM’s liquidity risk management policies take into
account the AIF’s liquidity terms, asset class, liquidity
tools and regulatory requirements. For details on
redemption arrangements, please see “REALISATIONOF UNITS” at page 43‐48 of Prospectus.

1b/2

A description of the procedures bywhich the AIF may change its
investment strategy or investment
policy, or both.

Please see “INVESTMENT OBJECTIVE, FOCUS AND
APPROACH” at page 27‐31 of Prospectus.

Relationship with Investors
1c/3

A description of the main legal
implications of the contractual
relationship entered into for thepurpose of investment, including:Information on jurisdiction

The applicable law; and

The existence or absence of any
legal instruments providing forthe recognition andenforcement of judgements inthe territory where the AIF isestablished;

The AIF is constituted as a stand‐alone unit trust
pursuant to the trust deed of the AIF made between
the Manager and the trustee of the AIF (“Trustee”), as
may be amended, supplemented and/or replaced
from time to time (“Trust Deed”). The interests issued
or offered to the public are represented by units
comprised in the AIF (“Units” and each a “Unit”). The
deposited property of the AIF shall be invested inaccordance with the provisions of the Trust Deed. The
Units are listed on the Singapore Exchange Securities
Trading Limited.
Each Unit represents an undivided interest in thedeposited property of the AIF, and the rights, interestsand obligations of the Holders of Units of the AIF(“Unitholders”) the Trustee and the Manager withrespect to the Units are contained in the Trust Deedand the terms and conditions of the Trust Deed arebinding on the Unitholders. Unitholders subscribe
into the AIF on the terms of the prospectus of the AIF,
as may be amended, supplemented and/or replaced
from time to time. Unitholders and prospective
investors of the AIF (as the case may be) submit
subscription requests or redemption requests by the‐2‐

means set out in the prospectus of the AIF, and theManager has the absolute discretion to accept orreject any application for Units, and the Manager’s
acceptance of the application has the effect of abinding contract. Unitholders have the right, title andinterest in the Units registered in the name of that
Unitholder and shall be recognised as the absolute
owner of such Units.
The Trust Deed is in all respects governed by andconstrued in accordance with the laws of Singapore.
The forum for litigating disputes between theManager and the Trustee in relation to matters under
the Trust Deed is the courts of Singapore.
Judgments obtained from the courts of United
Kingdom and certain other Commonwealthjurisdictions, and from the courts of foreign countries
that afford reciprocal treatment to judgments given in
Singapore, may be registered and enforced in
Singapore subject to satisfying requirements ofrelevant statutory rules under Singapore law.

1j/10

A description of how the AIFM
ensures a fair treatment ofinvestors;

1j/11

Whenever an investor obtains
preferential treatment or the rightto obtain preferential treatment, adescription of:

1j/11a

That preferential treatment;

Not applicable

1j/11b

The type of investors who
obtain such preferentialtreatment; andNot applicable

1j/11cWhere relevant, their legal or
economic links with the AIF or
AIFM.

The Manager and the Trustee owes certain fiduciary
obligations to the Unitholders, which require theManager and the Trustee to act fairly and in the bestinterests of the Unitholders at all times having regard
to the Manager’s and Trustee’s obligations under theTrust Deed.

Not applicable

Administration and Management of the AIF

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1d/4

The identity of the AIFM and a
description of its duties and theinvestor’s rights:

Please see page 2 of Prospectus

Other service providers:Depositary

Please see page 12 of Prospectus

AuditorPlease see page 2 of Prospectus

Administrator

Please see page 2 of Prospectus

Custodian

Please see page 2 of Prospectus
Each Unitholder's relationship in respect of its Units iswith the Trustee and the Manager under the terms ofthe Trust Deed. The Manager and the Trustee are co‐fiduciaries with separate spheres of responsibility toUnitholders as set out in the Trust Deed. As there is no
direct contractual relationship between Unitholders
and the relevant service provider to the AIF (“ServiceProvider”), no Unitholder will have any contractualclaim against any Service Provider for any reason
related to the services provided to the AIF(“Services”). Instead, the proper plaintiff in an action
in respect of which a wrongdoing is alleged to havebeen committed against the AIF by the relevant
Service Provider is, prima facie, the Trustee in its
capacity as trustee of the AIF or the relevant party tothe agreement entered into with the Service Provider
for the performance of the Services. The Trust Deedprescribes actions that may be taken against theManager and/or the Trustee in the circumstances,including the removal of the Manager or the Trustee
for material breaches of their obligations, and ameeting of Unitholders may be convened pursuant to
the Trust Deed provisions for Unitholders to vote via
extraordinary resolution for such removal of theManager or the Trustee. Unitholders may be able tobring a claim in relevant circumstances where there
has been a failure by the Trustee or the Manager, asapplicable, in the performance of the duties owed by
the Trustee or the Manager, as the case may be, tothe Unitholders or to protect the trust fund relating tothe AIF or the interests of the Unitholders.

1e/5A description of how the AIFM
complies with the requirements

The Manager has professional indemnity insurance inplace covering the Manager and all other Nikko Asset‐4‐(professional negligence) relating toprofessional liability risk;

Management group companies.. The excess is JPY 5
million for each and every claim. There are no otherexclusions.

1f/6

A description of:

1f/6a

Any AIFM management
function delegated by theAIFM;

Not applicable

1f/6b



Any safe‐keeping functiondelegated by the depositary;

Not applicable

1f/6c



The identity of each delegateappointed in accordance with
FUND 3.10 (Delegation); andNot applicable

1f/6d



Any conflicts of interest that
may arise from suchdelegations;Not applicable

Valuation
1g/7

A description of the AIF’s valuation
procedure and of the pricing
methodology for valuing assets,
including the methods used invaluing any hard‐to‐value assets, inline with FUND 3.0 (Valuation);

Please see pages 66 – 69 of the Prospectus

1m/13

The latest net asset value of the AIF
or the latest market price of theunit or share of the AIF, in line with
FUND 3.9 (Valuation);

The Unitholder may obtain the latest net asset valueof the AIF on the Manager’s website at
http://www.nikkoam.com.sg

Fees and Expenses
1i/9

A description of all fees, charges
and expenses, and the maximum
amounts directly or indirectly borneby investors;

Please see “Fees and Charges” at pages 31‐33 ofProspectus

Reporting and Performance
1k/14

The latest annual report, in linewith FUND 3.3 (Annual report of anAIF);

The AIF has not yet produced an annual report inaccordance with Article 22 of the AIFMD. The firstannual report will be made available by 30 June 2019.

1n/15

Where available, the historicalperformance of the AIF;

The historical performance of the AIF may beobtained by contacting the Manager.

The Procedure and Conditions for the Issue and Sale of Units;‐5‐

1l/12

The procedure and conditions
for the issue of Units or shares;

Please see “SUBSCRIPTION OF UNITS” at pages 38‐43of Prospectus.

The procedure and conditions
for the sale of Units or shares;

Please see “REALISATION OF UNITS” at pages 43‐48 ofProspectus.

Prime Broker
1o/16aThe identity of the primebrokerage firm;

1o/16b 

A description of any material
arrangement of the AIF with its
prime brokerage firm and theway any conflicts of interest aremanaged;

The provision in the contract
with the depositary on thepossibility of transfer and reuseof AIF assets; and1o/16d 

Information about any transferof liability to the prime
brokerage firm that may exist;

1o/16cNot applicable.

Method of Making On‐going/Periodic Disclosure
1p/17

Description of how and when theinformation required under FUND
3.2.5R and FUND 3.2.6R will be
disclosed.

The AIF will provide the following information toinvestors: (i) any new arrangements for managing theliquidity of the AIF, (ii) the current risk profile of theAIF and the risk management systems employed by
the Manager to manage those risks, (iii) any changes
to the maximum level of leverage (if any) which theManager may employ on behalf of the AIF, as well as
any right of the re‐use of collateral or any guarantee
granted under any leveraging arrangement, (iv) thetotal amount of leverage (if any) employed by the AIF,and (v) any arrangement made by the depositary todischarge itself of liability contractually. This
information will be provided at least annually toinvestors by the AIF in a written report.

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