The iEdge S-REIT Indices are a suite of equity indices designed to capture Singapore’s Real Estate Investment Trust (REIT) market segment by measuring the performance of eligible REITs listed on SGX. The suite comprises the iEdge S-REIT index – widely regarded as Singapore’s S-REIT Benchmark, and the iEdge S-REIT 20 Index – a tradable index that measures the performance of 20 most liquid REITs listed on SGX. With the defensive nature of REITs in volatile markets, the iEdge S-REIT index suite presents itself as a suite of benchmarks for a resilient portfolio with relatively stable dividend distributions. The indices cover over S$77 billion in market capitalization across the real estate sector in Singapore, and have a 12M Dividend Yield at ~6%*, boasting high visibility with the iEdge S-REIT indices broadly distributed and referenced in the market. Constructed to be tradable indices with sufficient liquidity and representation, index constituents are screened for free-float, velocity, and weighted with a 10% cap, ensuring greater portfolio diversification. SGX Index Edge utilizes FactSet’s RBICs classification system to select stocks that are classified as ‘Real Estate Investment Trusts’ in order to capture the performance of the S-REIT theme.

* As Of 31 March 2020

iEdge S-REIT Index

iEdge S-REIT 20 Index

The iEdge S-REIT Index is regarded as Singapore’s S-REIT Benchmark. It is a free-float market capitalization weighted index that measures the performance of real estate investment trusts in Singapore.

The iEdge S-REIT 20 Index is the most liquid representation of the SREIT Market in Singapore. It is an adjusted free-float market capitalization weighted index that measures the performance of the largest and most tradable REITS in Singapore

FactSet Revere Business Industry Classification System (RBICS)

The Revere Business Industry Classification System (RBICS) is a comprehensive structured taxonomy that offers single sector mapping of approximately 48,000 publicly traded companies across 78 countries and 27 global indexes based on their primary lines of business. The RBICS matrix structure is twelve-by-six, consisting of 12 anchor sectors, each with five additional and increasingly detailed layers of sub-sectors. RBICS offers a high level of precision through a bottom-up approach of classifying companies first according to the products and services they sell versus mapping starting from the general top-level sectors.

16 April 2020

iEdge S-REIT Indices

iEdge S-REIT Index

Performance as of 31 March 2020 iEdge S-REIT Index

1 Year 3 Years* 5 Years*

Returns* (PR) -15.77% -1.13% -2.05%

Returns* (TR) -11.16% 4.58% 4.06%

*Returns are reported on an annualised basis.

Risk Analysis iEdge S-REIT Index

1 Year 3 Years 5 Years

Standard deviation* (PR) 22.17% 14.8% 13.0%

Standard deviation* (TR) 22.47% 15.1% 13.3%

Sharpe Ratio (PR) -0.66 0.00 -0.09

Sharpe Ratio (TR) -0.41 -0.41 0.37

Maximum Drawdown (PR) -23.59% -23.59% -23.59%

Maximum Drawdown (TR) -23.26% -23.26% -23.26%

*Standard deviations are calculated using monthly returns and reported on an annualised basis.

Top 10 Constituents

Company Name Stock Code Index Weight

Ascendas Real Estate Investment Trust 6563875 12%

CapitaLand Mall Trust 6420129 8%

CapitaLand Commercial Trust B011YD2 8%

Mapletree Commercial Trust B5143W8 8%

Mapletree Logistics Trust B0D6P43 8%

Mapletree Industrial Trust B4LR5Q8 8%

Keppel DC REIT BT9Q186 6%

Suntec Real Estate Investment Trust B04PZ72 4%

Keppel REIT B12RQH4 3%

Mapletree North Asia Commercial Trust B87GTZ4 3% *Constituent weight may exceed the 10% cap depending on its performance between rebalancing periods.

Construction No of Constituents 34

Currency Singapore Dollar

Base Date 30 September 2010

Base Value 1000

Bloomberg Ticker SGREIT Index (PR) SGREITTR Index (TR)

Characteristics Market Capitalization (SGD) 77.922 Billion

Latest 12M Dividend Yield (%) 5.98%

Data updated as of 31 March 2020

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Historical Performance

iEdge S-REIT Index (PR) iEdge S-REIT Index (TR)

iEdge S-REIT 20 Index

Performance as of 31 March 2020 iEdge S-REIT 20 Index

1 Year 3 Years* 5 Years*

Returns* (PR) -14.30% 0.42% -0.02%

Returns* (TR) -9.90% 5.97% 4.79%

*Returns are reported on an annualised basis.

Risk Analysis iEdge S-REIT 20 Index

1 Year 3 Years 5 Years

Standard deviation* (PR) 21.57% 14.7% 13.5%

Standard deviation* (TR) 21.88% 15.0% 13.5%

Sharpe Ratio (PR) -0.60 0.11 0.07

Sharpe Ratio (TR) -0.36 0.47 0.42

Maximum Drawdown (PR) -22.52% -22.52% -22.52%

Maximum Drawdown (TR) -22.31% -22.31% -22.31%

*Standard deviations are calculated using monthly returns and reported on an annualised basis.

Top 10 Constituents

Company Name Stock Code Index Weight

Ascendas Real Estate Investment Trust 6563875 11%

CapitaLand Commercial Trust B011YD2 10%

CapitaLand Mall Trust 6420129 10%

Mapletree Commercial Trust B5143W8 10%

Mapletree Logistics Trust B0D6P43 10%

Mapletree Industrial Trust B4LR5Q8 9%

Keppel DC REIT BT9Q186 7%

Suntec Real Estate Investment Trust B04PZ72 5%

Keppel REIT B12RQH4 4%

Mapletree North Asia Commercial Trust B87GTZ4 4% *Constituent weight may exceed the 10% cap depending on its performance between rebalancing periods.

Construction No of Constituents 20

Currency Singapore Dollar

Base Date 30 September 2010

Base Value 1000

Bloomberg Ticker SGREIT20 Index (PR) SGRE2TR Index (TR)

Characteristics Market Capitalization (SGD) 68.361 Billion

Latest 12M Dividend Yield (%) 5.61%

Data updated as of 31 March 2020

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Historical Performance

iEdge S-REIT 20 Index (PR) iEdge S-REIT 20 Index (TR)

Contact Us If you have any questions, please contact our Index Services Team at index@sgx.com. sgx.com/indices

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