PRODUCT KEY FACTS Eastspring Investments Global Market Navigator Fund

PRODUCT KEY FACTS Eastspring Investments Global Market Navigator Fund Issuer: Eastspring Investments (Luxembourg) S.A. April 2017 This statement provides you with key information about Eastspring Investments Global Market Navigator Fund (the Sub-Fund ). This statement is a part of the Hong Kong Summary Prospectus. You should not invest in the Sub-Fund based on this statement alone. Quick facts Management Company: Investment Manager: Investment Sub-Manager: (for investments in high yield bonds) Depositary: Eastspring Investments (Luxembourg) S.A. Eastspring Investments (Singapore) Limited (internal delegation, in Singapore) PPM America, Inc. (internal delegation, in the United States of America) The Bank of New York Mellon SA/NV Luxembourg branch Ongoing Charges over a year#: Class A: 1.69% Class A DMC1 : 1.68% # The ongoing charges figure is based on expenses for the year ended 31 December 2016. This figure may vary from year to year. Dealing Frequency: Base Currency: Daily (business day in Luxembourg and Hong Kong, and with respect to a specific sub-fund, in the country or countries where the assets of the sub-fund are primarily invested) USD Dividend Policy: Class A No dividends will be declared or paid Class A DMC1 Dividends may be declared on a monthly basis Dividends may be sourced from gross income, net realised capital gains and partially from capital from time to time. Any distributions involving payment of dividends out of capital may result in an immediate reduction of the net asset value. Financial Year End of this Sub-Fund: 31 December Minimum Investment: Share Class Initial Subsequent Class A, Class A DMC1 USD500 USD50 55

What is this product? Eastspring Investments Global Market Navigator Fund is a sub-fund of Eastspring Investments which is an open-ended investment company registered in Luxembourg. Its home regulator is Commission de Surveillance du Secteur Financier ( CSSF ), Luxembourg. Objective and Investment Strategy Objective and Strategy The Sub-Fund aims to achieve positive absolute returns over the medium-term through the implementation of an actively managed investment strategy in a diversified range of global assets including cash, equities, bonds and currencies. Exposure to each of the asset classes will be primarily through exchange traded funds, index futures, direct equity and bonds (including high yield bonds, ABS and MBS), swaps, options and foreign exchange forwards, each of which may be traded through recognised exchanges or via the over-the-counter markets. This objective may also be achieved through investments in unlisted collective investment schemes and other subfunds of the SICAV on an ancillary basis below 30% of the net asset value of the Sub-Fund. Underlying funds, other than sub-funds of the SICAV, may charge management fees of up to 1.00% per annum of their net asset value. No management fee will be charged by other subfunds of the SICAV. The asset allocation of the Sub-Fund is based on the professional judgment of the investment manager and its view on economic and market conditions, taking into consideration factors including but not limited to liquidity, costs, timing and availability of assets at the time of investment. The Sub-Fund may use financial derivative instruments extensively for hedging and efficient portfolio management purposes. However, financial derivative instruments will not be extensively used for investment purposes (i.e. entering into financial derivatives instruments to achieve the investment objectives). The Management Company will, for the time being, not enter into repurchase and reverse repurchase transactions nor engage in securities lending transactions. Should the Management Company decide to use such techniques and instruments in the future, this can be done so at the Management Company s discretion and the Summary Prospectus will be updated accordingly thereafter, subject to regulatory approval. At least one month s prior notice will also be given to Hong Kong investors accordingly. What are the key risks? Investment involves risks. Please refer to the Hong Kong Summary Prospectus for details including the risk factors. 1. General Investment Risk The Sub-Fund s investment portfolio may fall in value due to any of the key risk factors below and therefore your investment in the Sub-Fund may suffer losses. You may not get back your original investment. Past performance is not a guide to future performance. The level of investment return is not fixed and will vary. 2. Equity Market Risk The Sub-Fund s investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors, such as changes in investment sentiment, political and economic conditions and issuer-specific factors. 56

3 Risks of Investing in Bonds Interest rate risk: Bonds are subject to interest rate fluctuations. In general, the prices of debt securities rise when interest rates fall, whilst their prices fall when interest rates rise. Credit risk: Investments in bonds are subject to credit default risk of the issuers of the bonds. Adverse economic conditions, unanticipated rise in interest rate, unavailability of additional funding, may impair the issuer s ability to meet its debt obligations, which may lead to potential default by the issuer. Risk associated with below investment grade bonds: Bonds that are below-investment-grade or are unrated are more susceptible to credit risk, and in particular high yield bonds offer higher yields to compensate for the reduced creditworthiness or increased risk of default that these securities carry. Such securities are generally subject to lower liquidity, higher volatility and greater risk of loss of principal and interest than high-rated debt securities. Counterparty risk: The Sub-Fund will be exposed to the credit risk on counterparties with which it trades and any default by such a counterparty (for example, due to insolvency) could result in substantial losses to the Sub-Fund. Risk of credit rating downgrades: The credit rating of a debt instrument or its issuer may subsequently be downgraded. In the event of such downgrading, the value of the Sub-Fund may be adversely affected. The investment manager may or may not be able to dispose of the debt instruments that are being downgraded. Sovereign debt risk: The Sub-Fund s investment in securities issued or guaranteed by governments may be exposed to political, social, and economic risks. In adverse situations, the sovereign issuers may not be able or willing to repay the principal and/or interest when due or may request the Sub-Fund to participate in restructuring such debts. The Sub-Fund may suffer significant loses when there is a default of sovereign debt issuers. Valuation risk: Valuation of the Sub-Fund s investments may involve uncertainties and judgmental determinations. If such valuation turns out to be incorrect, this may affect the net asset value calculation of the Sub-Fund. Credit rating risk: Credit ratings assigned by rating agencies are subject to limitations and do not guarantee the creditworthiness of the security and/or issuer at all times. 57

4. Derivatives Risk Derivatives involve risks different from, and, in some cases, greater than, the risks presented by more traditional securities investments. Some of the risks associated with derivatives are market risk, management risk, credit risk, liquidity risk, operational risk, leverage risk, valuation risk and OTC transaction risk. Although the Sub-Fund uses derivatives only for the purposes of efficient portfolio management and/or hedging, in adverse market situations, the Sub-Fund s use of derivatives may become ineffective in such endeavours and the Sub-Fund may suffer significant losses. 5. Emerging Markets Risk The Sub-Fund invests in emerging markets which involves increased risks and special considerations not typically associated with investment in more developed markets due to, among other factors, greater political, tax, economic, foreign exchange controls, liquidity, higher degree of volatility, settlement, custody and legal/regulatory risks. 6. Eurozone Specific Risk In light of ongoing concern on the sovereign debt risks of certain countries within the Eurozone, the Sub-Fund s investments in the region may be subject to higher volatility, liquidity, currency and default risks. Any adverse events, such as credit downgrade of a sovereign or exit of EU members from the Eurozone, may have a negative impact on the NAV of the Sub-Fund. 7. Liquidity Risk The Sub-Fund may have investments which have high liquidity risks (for example, low trading volumes), and may incur substantial losses if it is unable to sell these investments at opportune times or prices. 8. Currency and Exchange Rates Risk The assets that the Sub-Fund invests in may be denominated in currencies different from the Sub-Fund s base currency and the currency of the Shares held by you. The NAV of the Sub- Fund may be affected unfavourably by adverse movements in foreign currency exchange rates between the currencies of the underlying assets and the base currency of the Sub-Fund and the currency of the Shares held by you, as well as by changes in exchange rate controls. 9. Risks associated with Payment of Dividends out of/effectively out of Capital Investors should note that where distributions are declared and paid out of the Sub-Fund, the board of directors of Eastspring Investments may at its discretion pay dividends out of the capital of the Sub-Fund or pay dividends out of gross income while charging/paying all or part of the Sub-Fund s fees and expenses to/out of the capital of the Sub-Fund, resulting in an increase in distributable income for the payment of dividends by the Sub-Fund and therefore, the Sub-Fund may effectively pay dividends out of capital. Payment of dividends out of capital amounts to a return or withdrawal of part of an investor s original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of the Sub-Fund s capital or payment of dividends effectively out of the Sub-Fund s capital (as the case may be) may result in an immediate reduction of the net asset value per share. 58

How has the fund performed? 20% 15% 13.9% 13.6% 10% 8.8% 8.4% 6.1% 5% 0% -5% -10% 1.1% 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016-3.8% -8.1% Note: Past performance information is not indicative of future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-to-NAV, with dividend reinvested. These figures show by how much Class A increased or decreased in value during the calendar year being shown. Performance data has been calculated in USD, including ongoing charges and excluding subscription fee and redemption fee you might have to pay. Where no past performance is shown, there was insufficient data available in that year to provide performance. Fund launch date: 2008 Class A launch date: 2008 The Management Company views Class A, being the retail share class offered and available for sale in Hong Kong, as the most appropriate representative share class. Is there any guarantee? This Sub-Fund does not have any guarantees. You may not get back the full amount of money you invest. What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the Sub-Fund. Fee Subscription fee Switching fee Redemption fee What you pay Maximum 5% of the amount you buy Nil (You should note that an individual distributor may charge a switching fee, which is subject to such distributor s discretion.) Nil 59

Ongoing fees payable by the Sub-Fund The following expenses will be paid out of the Sub-Fund. They affect you because they reduce the return you get on your investments. Management fee Maximum 1.50% Depositary fee Maximum 0.12% (related to safekeeping of assets) Performance fee N/A Administration fee Maximum 0.50% (payable to the Management Company) Annual rate (as a % of the Sub-Fund s value) Other fees You may have to pay other fees when dealing in the shares of the Sub-Fund. Additional Information You generally buy and redeem shares at the Sub-Fund s next-determined net asset value (NAV) after an authorised distributor receives your request in good order prior to 3:00pm (Hong Kong time) being the dealing cut-off time on each valuation day. However, before placing your subscription or redemption orders, please check with your distributor for the distributor s internal dealing cut-off time (which may be earlier than the Sub-Fund s dealing cut-off time). The net asset value of this Sub-Fund is calculated and the price of shares published each business day on www.eastspring.com.hk. The Dividend Composition Information i.e. the relative amounts paid out of (i) net distributable income and (ii) capital, is available from the Hong Kong Representative upon request, and will be published on www.eastspring.com.hk. Please note that the Dividend Composition Information will only show information on a rolling 12-month period. Investors may obtain the past performance information of other share classes offered to Hong Kong investors from www.eastspring.com.hk. The aforementioned website has not been reviewed by the SFC. Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 60

Factsheet Hong Kong June 2017 All data as at 31 May 2017 unless otherwise stated Eastspring Investments Global Market Navigator Fund (the "Fund") The Fund invests in equities and is exposed to the risk of market price fluctuations. The Fund invests in bonds and is subject to interest rate fluctuation and exposed to credit default, valuation and credit rating risks as well as credit risk of the counterparties with which it trades and sovereign debt risk. Pertaining to investments in high yield/unrated/non-investment grade /non-investment grade sovereign bonds, these securities may be subject to higher credit risks and liquidity risks, compared with investment grade bonds, with an increased risk of loss of investments. Investment grade bonds are subject to the risks of credit rating downgrades. The Fund may use financial derivatives instruments only for efficient portfolio management and/or hedging purposes, which may expose the Fund to market risk, management risk, credit risk, liquidity risk, operational risk, leverage risk, valuation risk and OTC transaction risk. In adverse market situations, the use of such instruments may be ineffective and the Fund may incur significant losses. The Fund s investment in emerging markets subject it to greater political, tax, economic, foreign exchange, liquidity and regulatory risks. Investments in the Eurozone may be subject to risk related to those countries, such as sovereign debt risks and, in adverse event, credit downgrade of a sovereign or exit of EU members from the Eurozone. The Fund may incur substantial losses if it is unable to sell those investments with high liquidity risks at opportune times or prices. The Fund may invest in bonds and equities denominated in currencies other than the Fund s base currency and may be exposed to currency and exchange rates risk. The Fund's Board of Directors may, at its discretion, pay dividends out of capital or gross income while charging all or part of the fees and expenses to the Fund s capital, resulting in higher distributable income. Thus, the Fund may effectively pay dividends out of capital. Payment of dividends out of capital (effectively or not) amounts to a return or withdrawal of part of an investor s original investment or from any capital gains attributable to that original investment, which may result in an immediate reduction of the net asset value per share. Investment involves risk. Investors should not rely solely on this document in making investment decision. Past performance information presented is not indicative of future performance. RATINGS Class A Morningstar Overall Rating QQQQ FUND DETAILS Fund size (mil) 163.5 Fund base currency USD Fund dealing frequency Daily Net asset value (Class A) USD 12.633 ISIN (Class A) LU0354059684 Inception date (Class A) 26-Mar-08 FUND MEASURES 3 year sharpe ratio (Class A) 0.2 3 year volatility (Class A) 7.9 INVESTMENT OBJECTIVE The Fund aims to achieve positive absolute returns over the medium-term through the implementation of an actively managed investment strategy in a diversified range of global assets including cash, equities, bonds and currencies. Exposure to each of the asset classes will be primarily through exchange traded funds, index futures, direct equity and bonds (including high yield bonds, ABS and MBS), swaps, options and foreign exchange forwards, each of which may be traded through recognised exchanges or via the over-the-counter markets. This objective may also be achieved through investments in unlisted collective investment schemes and other sub-funds of the SICAV on an ancillary basis below 30% of the net asset value of the Fund. Underlying funds, other than sub-funds of the SICAV, may charge management fees of up to 1.00% per annum of their net asset value. No management fee will be charged by other subfunds of the SICAV. PERFORMANCE Source: Morningstar FUND ALLOCATION (%) Equity 63.7 Bond 14.0 Non-traditional assets 3.1 Cash and Other Net Assets 19.2 Cumulative returns (price indexed) 121 114 107 100 93 86 79 08 09 10 11 12 13 14 15 16 Fund (Class A) Cumulative returns (%) Year Class A 1 m 3 m YTD 1 y 3 y 5 y 10 y Since inception Fund 1.1 1.7 6.0 11.8 5.1 34.6 26.3 Calendar year returns (%) Class A 2016 2015 2014 2013 2012 Fund 6.1-3.8 1.1 8.4 13.6 Source: Eastspring Investments (Singapore) Limited. Returns are based in USD and computed on NAV-NAV basis with net income reinvested, if any. Calendar year returns are based on the share class performance for the year, and if the share class was incepted during a particular year, the returns shown relate to the performance of the share class since its inception to the end of that calendar year. Past performance information presented is not indicative of future performance. TOP 10 HOLDINGS (%) 1. ISHARES S&P500 FINANCIALSSECTOR UCITS ETF USD(ACC) 5.9 2. TREASURY BILL 0% 07/20/2017 5.3 3. ISHARES MSCI EM UCITS ETF USD (DIST) 5.0 4. SPDR MSCI ACWI ETF 2.0 5. PRINCESS PRIVATE EQUITY HOLDING 1.1 6. HARBOURVEST GLOBAL PRIVA 1.0 7. 3I INFRASTRUCTURE PLC 1.0 8. UNITEDHEALTH GROUP 0.8 9. NORTHROP GRUMMAN 0.8 10. JOHNSON & JOHNSON 0.7 Page 1 / 3

SHARE CLASS DETAILS Share class Currency Bloomberg ticker ISIN Inception date Initial sales charges % (max) Annual management fee% (max) Annual admin fee% (max) Minimum initial investment Minimum subsequent investment Distribution frequency Ex-date Dividend per share Annual dividend yield % A USD IOFMNAU LX LU0354059684 26-Mar-08 5.000 1.500 0.500 USD500 USD50 N.A. N.A. N.A. N.A. ADMC1 USD ESMNADM LX LU0894524577 01-Mar-13 5.000 1.500 0.500 USD500 USD50 Monthly 01-Jun-17 0.0451172 6.00 Distributions are not guaranteed and may fluctuate. Past distributions are not necessarily indicative of future trends, which may be lower. Distribution payouts and its frequency are determined by the Board of Directors, and can be made out of (a) income; or (b) net capital gains; or (c) capital of the Fund or a combination of any of (a) and/or (b) and/or (c). The payment of distributions should not be confused with the Fund s performance, rate of return or yield. Any payment of distributions by the Fund may result in an immediate decrease in the net asset value per share. Funds with Monthly and Quarterly Distribution Frequency: Annual Dividend Yield = (Dividend amount / Reference NAV) x (No. of calendar days in a year / No. of calendar days in distribution period) x 100%. Funds with Yearly Distribution Frequency: Annual Dividend Yield = (Dividend amount / Total Net Assets) x (No. of calendar days in a year / No. of calendar days in distribution period) x 100%. "N.A.": This share class does not distribute dividends. For details of other fees and charges, please refer to the offering document. Cumulative returns (%) Calendar year returns (%) Share class Currency 1 m 3 m YTD 1 y 3 y 5 y 10 y A Since inception 2016 2015 2014 2013 2012 Fund USD 1.1 1.7 6.0 11.8 5.1 34.6 26.3 6.1-3.8 1.1 8.4 13.6 ADMC1 Fund USD 1.1 1.7 6.0 11.8 5.2 18.8 6.1-3.7 1.2 8.3 Source: Eastspring Investments (Singapore) Limited. Returns are based in share class currency and computed on NAV-NAV basis with net income reinvested, if any. The benchmark for the hedged share classes, if any, is also calculated on a hedged basis. Calendar year returns are based on the share class performance for the year, and if the share class was incepted during a particular year, the returns shown relate to the performance of the share class since its inception to the end of that calendar year. Past performance information presented is not indicative of future performance. Factsheet Hong Kong June 2017 All data as at 31 May 2017 unless otherwise stated Page 2 / 3

IMPORTANT INFORMATION Investment manager - Eastspring Investments (Singapore) Limited Investment sub-manager - PPM America, Inc. (for investments in high yield bonds) Rating should not be taken as a recommendation. 2017 Morningstar. All rights reserved. Morningstar Category: USD Flexible Allocation DISCLAIMER All data are from Eastspring Investments (Singapore) Limited. The Fund is a sub-fund of the Eastspring Investments (the SICAV ), an open-ended investment company with variable capital (société d'investissement à capital variable) registered in the Grand Duchy of Luxembourg on the official list of collective investment undertakings pursuant to part I of the Luxembourg law of 17 December 2010 relating to undertakings for collective investment (the 2010 Law ) and the Directive 2009/65/ EC of the European Parliament and of the Council of 13 July 2009 (the UCITS Directive ). The SICAV has appointed Eastspring Investments (Hong Kong) Limited ( Eastspring Investments Hong Kong ) as its Hong Kong Representative. This information is not an offer or solicitation of an offer for the purchase of investment units in the Fund. An offering document in relation to the Fund is available and may be obtained through Eastspring Investments Hong Kong or any of its appointed distributors. All applications for units in the Fund must be made on the application forms accompanying the offering document. Potential investors should read the offering document (including the risk factors stated therein in details and the risk factors in particular those associated with investments in emerging markets, if applicable) before deciding whether to subscribe for or purchase units in the Fund. An investment in units of the Fund is subject to investment risks, including the possible loss of the principal amount invested. Past performance is not necessarily a guide to the future or likely performance of the Fund. The value of the units in the Fund and any income accruing to the units, if any, may fall or rise. US/HK dollar-based investors are exposed to currency fluctuations where the Fund is denominated in currencies other than US/HK dollar. The information contained herein does not have any regard to the specific investment objective(s), financial situation or the particular needs of any person. Potential investors may wish to seek advice from a financial adviser before purchasing units in the Fund. In the event that potential investors choose not to seek advice from a financial adviser, they should consider whether the Fund is a suitable investment for them. Eastspring Investments Hong Kong is an ultimately wholly owned subsidiary of Prudential plc of the United Kingdom. Eastspring Investments Hong Kong and Prudential plc are not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America. This factsheet and information on our website (eastspring.com.hk) have not been reviewed by the SFC. Issued by Eastspring Investments (Hong Kong) Limited. For more information, please contact: Eastspring Investments (Hong Kong) Limited 13/F, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong T: (852) 2868 5330 F: (852) 2868 3137 eastspring.com.hk Factsheet Hong Kong June 2017 All data as at 31 May 2017 unless otherwise stated Page 3 / 3