Commission Structure for Fees Received by DBS Bank

1. Equity Schemes

Equity schemes are managed by Asset Management Companies (AMCs) that invest in listed stocks, unlisted equity, or a combination of both. DBS Bank receives a commission for providing the platform, execution services and distribution support. The fee breakdown is as follows:

All fees are disclosed in the Scheme Information Document (SID) and are subject to periodic review by DBSs Product Committee.

2. Debt Schemes

Debt schemes invest primarily in fixedincome instruments such as government bonds, corporate bonds, and moneymarket securities. The commission framework reflects the typically lower risk profile and the higher turnover associated with bond markets.

Debtscheme fees are capped in line with MAS guidelines on fee transparency for retail investors.

3. Hybrid Schemes

Hybrid schemes combine equity and debt exposure, often with a predefined assetallocation range (e.g., 60% equity/40% debt). Because they blend riskreturn characteristics, the commission structure is a weighted average of the equity and debt components.

• Base Management Fee: 0.60% 1.20% p.a., calculated as a proportionate blend of the equity and debt management fees.
• Performance Fee: 12% 18% of excess return over a blended benchmark (e.g., a 70% MSCI World + 30% Bloomberg Global Bond index).
• Transaction Fee: 0.04% 0.08% per trade, applied uniformly regardless of asset class.
• Custody & Administration: 0.09% 0.18% p.a., reflecting the mixed asset nature of the portfolio.

Hybridscheme fees are disclosed in a tiered schedule that adjusts when the equitytodebt ratio deviates beyond a 5% trigger range.

4. SolutionOriented Schemes

Solutionoriented schemes are structured products that aim to meet specific investment objectives, such as capital protection, income generation, or ESG outcomes. These schemes may incorporate derivatives, structured notes, or bespoke financing arrangements.

Solutionoriented schemes undergo a separate riskassessment process, and their fee structures are reviewed at least annually.

5. Governance, Disclosure & Transparency

DBS Bank adheres to the Monetary Authority of Singapore (MAS) Code on FitandProper Requirements and the Guidelines on Fees and Charges for Financial Products. The following governance mechanisms ensure that commissions are fair, transparent, and aligned with client interests:

• Fee Disclosure: All fees are disclosed in the Scheme Information Document, prospectus and the clientfacing fee schedule on DBSs digital portals.
• Periodic Review: The Product Governance Committee reviews fee structures biannually, adjusting rates where market conditions or regulatory expectations change.
• ConflictofInterest Management: Separate teams handle product development, sales, and fee setting to avoid undue influence.
• Client Communication: Quarterly statements provide a breakdown of each fee component, the calculation methodology and a cumulative amount paid to DBS.
• Regulatory Reporting: DBS files detailed fee reports with MAS as required under the Securities and Futures Act (SFA).