The Volatility Factor (VF) means there is a possibility for the fund in generating an upside return or downside return around this VF. The Volatility Class (VC) is assigned by Lipper based on quintile ranks of VF for qualified funds. VF is subject to monthly revision and VC is revised every six months or other interval as advised by FIMM. The volatility banding for the “Very Low”, “Low”, “Moderate”, “High” and “Very High” VCs as at 30 June 2021 are 0.000 ≤ VF ≤ 4.265, 4.265 < VF ≤ 10.840, 10.840 < VF ≤ 14.240, 14.240 < VF ≤ 17.285 and VF more than 17.285 respectively. For this period to 31 December 2021 the VCs for the funds are based on the VFs of the respective funds as at 30 June 2021. The fund’s portfolio may have changed since this date and there is no guarantee that the fund will continue to have the same VF or VC in the future. Presently, only funds launched in the market for at least 36 months will display the VF and its VC."