PRODUT HHLHTS SHEET - UOB Asset Management Product Highlights Sheet is an important document. It highlights the key terms and risks of this investment product and complements the Prospectus1.

1UNITED CHOICE PORTFOLIOS – UNITED ASIAN BOND FUND – PHS (16 MARCH 2018)

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1 The Prospectus is available at our operating office at 80 Raffles Place, 3rd Storey, UOB Plaza 2, Singapore 048624 or through our authorised agents or distributors during normal business hours, or through our website at uobam.com.sg.

Prepared on: 16 March 2018

This Product Highlights Sheet is an important document.● IthighlightsthekeytermsandrisksofthisinvestmentproductandcomplementstheProspectus1.● ItisimportanttoreadtheProspectusbeforedecidingwhethertopurchaseunitsintheproduct.If

youdonothaveacopy,pleasecontactustoaskforone.● Youshouldnotinvestintheproductifyoudonotunderstanditorarenotcomfortablewiththe

accompanyingrisks.● Ifyouwishtopurchasetheproduct,youwillneedtomakeanapplicationinthemannersetoutin

the Prospectus.

United Asian Bond Fund(the“Sub-Fund”),

asub-fundofUnitedChoicePortfolios

ProductType Unit Trust Launch Date ClassSGD5 April 2000ClassUSD12 April 2013 ClassASGDAcc(Hedged),ClassASGDDist(Hedged)andClassJPYDistNotinceptedyetClassISGDDistandClassIUSDDistNotinceptedyet

Managers UOB Asset Management Ltd

Custodian StateStreetBankandTrustCompany,acting through its Singapore Branch

Trustee StateStreetTrust(SG)Limited

Dealing Frequency

EveryDealingDay

CapitalGuaranteed

No Expense Ratioforthefinancialyearended30June2017

ClassSGD 1.34% ClassUSD1.34% ClassASGDAcc(Hedged),ClassASGDDist(Hedged)andClassJPYDistNotinceptedasat30June2017.ClassISGDDistandClassIUSDDistNotinceptedasat30June2017.

PRODUCTSUITABILITYWHOISTHEPRODUCTSUITABLEFOR?● TheSub-Fundisonly suitable for investors who:

o seek stable current income and capital appreciation; o are looking for exposure to Asian debt securities; ando are comfortable with the volatility and risk of a fund that invests in Asian

debt securities.

FurtherInformationRefer to Para 19 on Pg 9 of the Prospectus for further information on product suitability.

KEYPRODUCTFEATURESWHATAREYOUINVESTINGIN?● YouareinvestinginaunittrustconstitutedinSingaporethataimstoprovide

you with stable current income and capital appreciation by investing primarily in debt securities issued by Asian corporations, financial institutions, governments and their agencies (including money market instruments). The AsiancountrieswhichtheSub-FundwillinvestinincludebutarenotlimitedtoSingapore,Malaysia,Thailand, Indonesia,Philippines,HongKongSAR,SouthKorea,Taiwan,China,Australia,NewZealandandJapan.

● InrelationtotheDistributionClassesweintendtomakemonthlydistributionsof 5% p.a. (or such other percentage or at such other frequency as we may from timetotimedetermine)oftheNAVperUnitasatthelastBusinessDayofeverymonth(orsuchotherdateaswemayfromtimetotimedetermine).However,we have the absolute discretion to determine whether and when a distribution is tobemade.PleasenotethatinadditiontotheotherClasseswhichhave“Dist”includedintheirnames,theClassSGDandClassUSDarealsoDistributionClassesandreferencesto“DistributionClass”or“DistributionClasses”inthisProductHighlightsSheetshallbeconstruedaccordingly.

Refer to Para 16.1, 18 and 54 on Pg 6, 8 and 35 of the Prospectus for further information on features of the product.

UOB Q7798_UCP PHS_Combined_090318 v2.indd 1 3/9/2018 6:07:21 PM


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EETInvestmentStrategy

● WeintendtoachievetheinvestmentobjectiveoftheSub-Fundbyinvestingprimarily in debt securities issued by Asian corporations, financial institutions, governments and their agencies (including money market instruments).

● TheSub-Fundisactivelymanagedwithafocusonyieldatanacceptableriskpremium. There is no bias towards sovereign or corporate bonds. The emphasis isonthecreditspreadasthemainsourceofincrementalreturn.Creditanalysisand credit diversification by us are important as a source of added value and to reduce unsystematic risks inherent in such investments respectively.

● Our investment style isbasedon theprobabilityof creditupgrades and theextent to which the pricing has been reflected in the credit in question. The Sub-Fund’sportfolioofinvestmentswillbereviewedregularlysoastoenabletheSub-Fundtoswitchoutofovervaluedsecuritiestoundervaluedsecurities.OurpolicygenerallyistohavetheSub-Fundfullyinvestedsavewherethereisoverwhelming evidence to suggest that markets are excessively overvalued.

● The Sub-Fund may use or invest in FDIs for the purposes of hedging existing positions in a portfolio, for efficient portfolio management or a combination of both purposes.

Refer to Para 16.1, 17.1, 22 and 25.4 on Pg 6, 7, 10 and 17 of the Prospectus for further information on the investment focus and approach of theSub-FundanditsexposuretoFDIs.

PartiesInvolvedWHOAREYOUINVESTINGWITH?● TheManagersareUOBAssetManagementLtd.● TheTrusteeisStateStreetTrust(SG)Limited.● The Custodian/registrar is State Street Bank and Trust Company, acting

through its Singapore Branch.

Refer to Para 7 to 13 on Pg 2 to 4 of the Prospectus for further information on these entities.

KEYRISKSWHATARETHEKEYRISKSOFTHISINVESTMENT?ThevalueoftheSub-Fundanditsdistributions(ifany)mayriseorfall.Theseriskfactorsmaycauseyoutolosesomeorallofyourinvestment:

Refer to Para 24 to 25 on Pg 15 of the Prospectus for further information on risks of the product.

MarketandCreditRisks● YouareexposedtomarketriskintheAsianbondmarkets.

o PricesofsecuritiesthattheSub-Fundinvestsinmaybeaffectedbychangesineconomicconditions, interest ratesand themarket’sperceptionof thesecurities which in turn may affect the value of your investment.

LiquidityRisks● TheSub-FundisnotlistedandyoucanredeemonlyonDealingDays.

o There is no secondary market for the Sub-Fund. All realisation formsshould be submitted to our authorised agents or distributors.

● YouareexposedtoliquidityriskintheSub-Fund’sinvestments.o InvestmentsbytheSub-FundinsomeAsianand/oremergingmarketsoften

involve a greater degree of risk due to the nature of such markets which do not have fully developed services such as custodian and settlement services often taken for granted in more developed markets. There may be a greater degree of volatility in such markets because of the speculative element, significant retail participation and the lack of liquidity.

Product-SpecificRisks● Youareexposedtopoliticalrisk.

o The Sub-Fund’s investments may be adversely affected by politicalinstability as well as exchange controls, changes in taxation, foreign investment policies, restrictions on repatriation of investments and other restrictions and controls which may be imposed by the relevant authorities in the other countries.

● Youareexposedtoderivativesrisk.o The Sub-Fundmay use or invest in FDIs, including but not limited to,

foreignexchangeforwardcontracts.AninvestmentinaFDImayrequirethedeposit of initial margin and additional deposit of margin on short notice if themarketmovesagainsttheinvestmentposition.Iftherequiredmarginisnot provided in time, the investment may be liquidated at a loss. Therefore, itisessentialthatsuchinvestmentsinFDIsaremonitoredclosely.WehavethecontrolsforinvestmentsinFDIsandhaveinplacesystemstomonitorthederivativepositionsoftheSub-Fund.



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EET● Youareexposedtoforeignexchangeandcurrencyrisk.

o Where the Sub-Fund makes investments which are denominated in foreigncurrencies, fluctuations in the exchange rates of the currency or currencies in whichtheunderlyingassetsoftheSub-FundaredenominatedagainsttheSub-Fund’sbasecurrency(Singaporedollar)mayaffectthevalueoftherelevantUnits.TheSub-Fund’sforeigncurrencyexposuremaynotbefullyhedgeddependingon the circumstances of each case, including the outlook on the relevant currency, the hedging costs and the market liquidity of the relevant currency.

o InthecaseofHedgedClasses,wecurrentlyadoptapassivehedgingpolicy.Notwithstanding the above, we retain the discretion to adopt any otherhedging policy as we may determine from time to time. There can be no guaranteethatthehedgingstrategyappliedinaHedgedClasswillentirelyeliminate the adverse effects of changes in exchange rates.

● Youareexposedtoriskrelatingtodistributions.o Dividend/interest income of the Distribution Classes may be adversely

affected by (amongst others) investee entities suffering unexpected losses and/orpaying lower thanexpecteddividends.Wheredistributable incomeand/orcapitalgainsare insufficient,distributionsmaybemadeoutof thecapitaloftherelevantClass,whichmayamounttoareductionoftherelevantHolder’soriginalinvestmentandmayalsoresultinreducedfuturereturnstotherelevantHolders.Paymentofdistributions(whetheroutofcapitalorotherwise)mayhavetheeffectofloweringtheNAVoftherelevantClass.

● Youareexposedtodebtsecuritiesrisk.o TheSub-Fundwill invest ininvestmentgradeandnon-investmentgrade

fixed income securities. o Investmentsinbondsandotherdebtsecuritiesaresubjecttointerestrate

fluctuationsandcreditrisks,suchasriskofdefaultbyissuers.Interestraterisks will arise from unexpected changes in the term structure of interest rates, which are in turn dependent on general economic conditions. Adverse changes in the financial condition of the issuer of the debt securities which theSub-Fundisinvestedin,oringeneraleconomicconditions,orboth,oran unanticipated rise in interest rates, may increase the potential for default.

● Otherriskstoyourinvestmentincluderegionalrisk,riskofuseofratingagencies and other third parties, counterparty risk, broker risk andinvestmentmanagementrisk.

FEESANDCHARGESWHATARETHEFEESANDCHARGESOFTHISINVESTMENT?Payable directly by you● Youwillneedtopaythefollowingfeesandchargesasapercentageofyour

gross investment sum:SubscriptionFee ForallClassesexceptfortheClassJPYDist:

Currently3%,Maximum5%ClassJPYDist:Currently0%,Maximum5%

RealisationCharge Currently0%,Maximum2%SwitchingFee Currently 0% (for switches between sub-funds

of the Fund (if permitted by us)) or 1% (forswitchesbetweenClassSGDandClassASGDAcc (Hedged), Class SGD and Class A SGDDist (Hedged) or ClassA SGDAcc (Hedged)and ClassA SGDDist (Hedged)) or from theSub-FundtoaGroupFund),Maximum2%

● OurauthorisedagentsanddistributorsthroughwhomyousubscribeforUnitsmay impose other fees and charges that are not disclosed in the Prospectus. Youshouldcheckwiththerelevantauthorisedagentsordistributorsonsuchfees and charges, if any.

PayablebytheSub-Fundfrominvestedproceeds● TheSub-Fundwillpaythefollowingfeesandchargesto theManagersand

other parties:Annual Management Fee

ClassSGD,ClassASGDAcc(Hedged),ClassASGDDist(Hedged)andClassUSD: Currently1.10%,Maximum 1.75%ClassISGDDistandClassIUSDDist: Currently0.55%,Maximum1.75%ClassJPYDist:Currentlyupto1.10%,Maximum 1.75%

Refer to Para 23 on Pg 12 of the Prospectus for further information on fees and charges.



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EETAnnual Trustee Fee (paidbytheManagersoutoftheAnnualManagementFee)

Currently below 0.05%; maximum 0.10%(subjecttoacapofS$45,000p.a.)

Annual Registrar and TransferAgentFee

Based on a tiered structure

Annualvaluationandaccountingfee


Auditfee,custodianfee,transaction costs and otherfeesandcharges

Subjecttoagreementwiththerelevantparties.Each of the fees and charges may amount to or exceed 0.1% p.a., depending on the proportion thatitbearstotheSub-Fund’sNAV.

VALUATIONSANDEXITINGFROMTHISINVESTMENTHOWOFTENAREVALUATIONSAVAILABLE?Prices ofUnitswill generally be published 2BusinessDays after the relevantDealing Day in local or foreign publications such as The Straits Times andThe Business Times, and on our website at uobam.com.sg or any other website designated by us. Prices may also be obtained from our authorised agents and distributors or by calling our hotline from 8 a.m. to 8 p.m. daily (Singapore time).

HOWCANYOUEXITFROMTHISINVESTMENTANDWHATARETHERISKSANDCOSTSINDOINGSO?● Youcanexit theSub-FundonanyDealingDaybysubmittinga realisation

form to the authorised agent or distributor of the Managers through whom your Unitswereoriginallypurchased.IfapplicabletoyouandyouwishtoexittheSub-Fundwithinthecancellationperiodof7calendardaysfromthetimeofyour subscription, you may do so by submitting a cancellation form and you willnotincurtheSubscriptionFeeandfeesstatedabove.HoweveryouwillhavetotaketheriskofanypricechangesintheNAVoftherelevantClassoftheSub-Fundsinceyoursubscriptionandpayanybankcharges,administrativeor other fees imposed by the relevant authorised agent or distributor.

● WemaylimitthetotalnumberofUnitswhichHoldersmayrealiseandwhichweareentitledtohavecancelledonanyDealingDayupto10%ofthetotalnumber of Units then in issue.

● Youwill normally receive the realisation proceedswithin 7BusinessDaysfromtheDealingDayonwhichyourrealisationformisreceivedandaccepted.

● TherealisationpriceofyourUnitsisdeterminedasfollows:o Ifyousubmittherealisationformby3p.m.SingaporetimeonaDealing

Day,youwillbepaidapricebasedontheNAVoftherelevantClassoftheSub-FundasattheValuationPointofthatDealingDay.

o Ifyousubmittherealisationformafter3p.m.SingaporetimeonaDealingDayoronadaynotbeingaDealingDay,youwillbepaidapricebasedontheNAVoftherelevantClassoftheSub-FundasattheValuationPointofthenextDealingDay.

● ThenetrealisationproceedsthatyouwillreceivewillbetherealisationpriceoftherelevantClassoftheSub-FundmultipliedbythenumberofUnitsrealised,less any charges. An example is as follows:

1,000.00 UnitsYourrealisation

request

x S$0.900Notional

realisation price

= S$900.00Grossrealisation

proceedsS$900.00

Grossrealisationproceeds

– S$0.00RealisationCharge

(0%)

= S$900.00Netrealisation

proceeds

Refer to Para 32, 34 to 37 and 39 on Pg 22, 24 to 26 and 27 of the Prospectus for further information on valuation and exiting from the product.

CONTACTINFORMATIONHOWDOYOUCONTACTUS?UOB Asset Management LtdHotlineNo.: 18002222228Operatinghours: From8a.m.to8p.m.dailySingaporetimeFaxNo.: 65323868E-mail: [email protected]



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EETAPPENDIX:GLOSSARYOFTERMS

Acc: Accumulation.BusinessDay: Any day (other than a Saturday, Sunday or gazetted public

holiday) on which commercial banks in the Republic of Singapore are open for business or any other day as the Managers and the Trustee may agree in writing.

Class: AnyclassofUnitsintheSub-Fund.DealingDay: In connection with the issuance, cancellation, valuation

and realisation of Units of the Sub-Fund or Class of theSub-Fund,meanseveryBusinessDayorsuchotherdayasprovidedintheDeed.

Deed: ThetrustdeedoftheFund,asamended.Dist: Distribution.DistributionClass:

A Class for which distributions are declared and paid totheHolders inaccordancewith theapplicabledistributionpolicies.

FDIsorderivatives:

Financialderivativeinstruments.

Fund: UnitedChoicePortfolios.GroupFund: A collective investment scheme the managers of which are

the Managers or a company under their control or under common control with them or at least fifty per centum (50%) of the share capital of which is held by a company which is a shareholder of the Managers and which shall approve the termsofanyexchangewhichmaybemadeunderClause7(L)oftheDeed.

HedgedClass: AClasstowhichacurrencyhedgingstrategyisapplied.Holder: AunitholderoftheSub-Fund.JPY: Japaneseyen.LaunchDate: For the purposes of this Product Highlights Sheet only,

meanstheinceptiondateoftherelevantClass.NAV: Netassetvalue.SGD: Singapore dollars.Units: UnitsoftheSub-FundortherelevantClass,asthecontext

may require.USD: United States dollars.ValuationPoint: InrelationtotheSub-FundorClassoftheSub-Fund,means

the close of business of the last relevant market in relation to aDealingDay onwhich theNAVof the Sub-Fund orClassoftheSub-FundistobedeterminedpursuanttotheprovisionsofthetrustdeedoftheFundorsuchothertimeas the Managers may with the prior approval of the Trustee determine from time to time and the Trustee shall determine iftheHoldersshouldbeinformedofsuchchange.


1UNITED CHOICE PORTFOLIOS – UNITED E-COMMERCE FUND – PHS (16 MARCH 2018)

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the Prospectus.

UnitedE-CommerceFund(the“Sub-Fund”),


ProductType Unit Trust Launch Date 5 April 2000Managers UOB Asset

Management LtdCustodian StateStreetBankand

TrustCompany,actingthrough its Singapore Branch

Trustee State Street Trust (SG)Limited

DealingFrequency EveryDealingDay

CapitalGuaranteed No ExpenseRatioforthefinancialyearended30June2017

1.88%


o seeklong-termcapitalgrowth;o arelookingforexposuretothee-commerceindustry;ando are comfortable with the volatility and risk of a global equity fund which

invests in this industry.



youwithlong-termcapitalgrowthbyinvestingprimarilyincommonstocksand/or securities convertible into common stocks of equities traded inrecognised stock exchanges around the world that are engaged in or are best positionedtobenefitfromtheirinvolvementinorsupportofe-commerceaswe may from time to time determine.

● Wedonotintendtomakeregulardistributions.


InvestmentStrategy● Usingabottom-upapproach,theSub-Fundwillinvestinsecuritiesissuedby

companies in any part of the world which will, in our opinion, benefit from the growthandadoptionofe-commerce,including(a)companiesthatprovideorenabletheprovisionofe-commerceinfrastructure;(b)companiesthatconducttheir businesses fully or partially through the online medium and from which they derive a competitive advantage; and (c) companies whose products or servicesbenefitfrome-commerce.

● ThemajorityofthecompaniesintheinvestmentuniverseoftheSub-Fundwillcome from the technology, telecommunication, media (including dot.com) and onlineretailsectors.However,companiesfromothersectorswillbeincludedif they fit into our investment criteria stated above.




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EET● The Sub-Fund may use or invest in FDIs for the purposes of hedging existing

positions in a portfolio, for efficient portfolio management or a combination of both purposes.






MarketandCreditRisks● Youareexposedtomarketriskintheglobalmarkets.






Product-SpecificRisks● Youareexposedtosectoralrisk.

o AsectoralfundsuchastheSub-Fundmaypresentgreateropportunitiesandpotentialforcapitalappreciation,butmaybesubjecttohigherrisksasitmaybelessdiversifiedthanamulti-sectoralportfolio.

● Youareexposedtopoliticalrisk.o The Sub-Fund’s investments may be adversely affected by political

instability as well as exchange controls, changes in taxation, foreign investment policies, restrictions on repatriation of investments and other restrictions and controls which may be imposed by the relevant authorities in the other countries.


foreign exchange forward contracts and equity index future contracts. An investmentinaFDImayrequirethedepositofinitialmarginandadditionaldeposit of margin on short notice if the market moves against the investment position.Iftherequiredmarginisnotprovidedintime,theinvestmentmaybe liquidated at a loss. Therefore, it is essential that such investments in FDIsaremonitoredclosely.WehavethecontrolsforinvestmentsinFDIsandhaveinplacesystemstomonitorthederivativepositionsoftheSub-Fund.



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EET● Youareexposedtoforeignexchangeandcurrencyrisk.

o WheretheSub-Fundmakesinvestmentswhicharedenominatedinforeigncurrencies, fluctuations in the exchange rates of the currency or currencies inwhichtheunderlyingassetsof theSub-FundaredenominatedagainsttheSub-Fund’sbasecurrency(Singaporedollar)mayaffect thevalueofUnits.TheSub-Fund’sforeigncurrencyexposuremaynotbefullyhedgeddepending on the circumstances of each case, including the outlook on the relevant currency, the hedging costs and the market liquidity of the relevant currency.

● Otherriskstoyourinvestmentincludesmallandmediumcapitalisationcompanies risk, counterparty risk, broker risk and investmentmanagementrisk.


gross investment sum:

SubscriptionFee Currently5%,Maximum5%RealisationCharge Currently0%,Maximum2%SwitchingFee Currently 0% (for switches between sub-funds

of the Fund (if permitted by us)) or 1% (forswitchesfromtheSub-FundtoaGroupFund),Maximum 2%


PayablebytheSub-Fundfrominvestedproceeds● TheSub-Fundwillpaythefollowingfeesandchargesto theManagersand

other parties:

Annual Management Fee

Currently1.50%,Maximum1.75%

Annual Trustee Fee (paidbytheManagersoutoftheAnnualManagementFee)

Currently below 0.05%; maximum 0.10%(subjecttoacapofS$45,000p.a.)









Refer to Para 32, 34 to 37 and 39 on Pg 22， 24 to 26 and 27 of the Prospectus for further information on valuation and exiting from the product.



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EETHOWCANYOUEXITFROMTHISINVESTMENTANDWHATARETHERISKSANDCOSTSINDOINGSO?● Youcanexit theSub-FundonanyDealingDaybysubmittinga realisation

form to the authorised agent or distributor of the Managers through whom yourUnitswereoriginallypurchased. If applicable toyouandyouwish toexittheSub-Fundwithinthecancellationperiodof7calendardaysfromthetime of your subscription, you may do so by submitting a cancellation form andyouwillnotincurtheSubscriptionFeeandfeesstatedabove.HoweveryouwillhavetotaketheriskofanypricechangesintheNAVoftheSub-Fundsince your subscription and pay any bank charges, administrative or other fees imposed by the relevant authorised agent or distributor.




Day,youwillbepaidapricebasedontheNAVoftheSub-FundasattheValuationPointofthatDealingDay.

o Ifyousubmittherealisationformafter3p.m.SingaporetimeonaDealingDayoronadaynotbeingaDealingDay,youwillbepaidapricebasedontheNAVoftheSub-FundasattheValuationPointofthenextDealingDay.

● ThenetrealisationproceedsthatyouwillreceivewillbetherealisationpriceoftheSub-FundmultipliedbythenumberofUnitsrealised,lessanycharges.An example is as follows:


request

x S$0.900Notional

realisation price


proceeds

S$900.00Grossrealisation

proceeds


(0%)


proceeds




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BusinessDay: Any day (other than a Saturday, Sunday or gazetted public holiday) on which commercial banks in the Republic of Singapore are open for business or any other day as the Managers and the Trustee may agree in writing.

DealingDay: Inconnectionwiththeissuance,cancellation,valuationandrealisationofUnitsoftheSub-Fund,meanseveryBusinessDayorsuchotherdayasprovidedintheDeed.

Deed: ThetrustdeedoftheFund,asamended.FDIsorderivatives:




Holder: AunitholderoftheSub-Fund.LaunchDate: For the purposes of this Product Highlights Sheet only,

meanstheinceptiondateoftheSub-Fund.NAV: Netassetvalue.Units: UnitsoftheSub-Fund.ValuationPoint: The close of business of the last relevant market in relation

toaDealingDayonwhichtheNAVoftheSub-Fundistobe determined pursuant to the provisions of the trust deed of theFundorsuchothertimeastheManagersmaywiththeprior approval of the Trustee determine from time to time and theTrustee shall determine if the Holders should beinformed of such change.


1UNITED CHOICE PORTFOLIOS – UNITED GLOBAL DIVIDEND EQUITY FUND – PHS (16 MARCH 2018)

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the Prospectus.

UnitedGlobalDividendEquityFund(the“Sub-Fund”),


ProductType Unit Trust Launch Date 12 April 2001Managers UOB Asset

Management LtdCustodian StateStreetBankand

TrustCompany,actingthrough its Singapore Branch

Trustee State Street Trust (SG)Limited

DealingFrequency EveryDealingDay

CapitalGuaranteed No ExpenseRatioforthefinancialyearended30June2017

1.83%


o seek capital appreciation; o are comfortable with the volatility and risk of a global equity fund; ando seekaregularsourceofincomethroughsemi-annualdistributions.



you with a source of income and capital appreciation by investing in a globally diversified portfolio of equity securities of companies that offer attractive dividend yields, combined with sound operating fundamentals, and consistent earnings growth.

● Weintendtomakesemi-annualdistributionsofsuchamountaswemayfromtimetotimedetermineasatadatedeterminedinaccordancewiththeDeed.However,wehavetheabsolutediscretiontodeterminewhetherandwhenadistribution is to be made.


InvestmentStrategy● WeintendtoachievetheinvestmentobjectiveoftheSub-Fundbyinvesting

in a globally diversified portfolio of equity securities of companies selected based on a number of criteria including: above average dividend yield, good management, sound fundamentals, consistent profitability and earnings growth prospects. This combination should ensure the regular payment of dividends as well as the potential for capital appreciation.

● Weadoptabottom-upapproach,leveragingonourestablishedglobalresearchcapabilitytooptimisetheportfoliotobestmeetitsstatedobjectives.Onthisbasis, theportfolioof theSub-Fundcomprisesmostly“value”stockswhichhavehighdividendyieldandpriceperformancepotential.WewillrealisetheinvestmentsoftheSub-Fundwhen,inouropinion,afairvalueisreachedorwhen better investment alternatives present themselves.




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EET● The Sub-Fund may use or invest in FDIs for the purposes of hedging existing

positions in a portfolio, for efficient portfolio management or a combination of both purposes.






MarketandCreditRisks● Youareexposedtomarketriskintheglobalmarkets.









foreign exchange forward contracts and equity index future contracts. An investmentinaFDImayrequirethedepositofinitialmarginandadditionaldeposit of margin on short notice if the market moves against the investment position.Iftherequiredmarginisnotprovidedintime,theinvestmentmaybe liquidated at a loss. Therefore, it is essential that such investments in FDIsaremonitoredclosely.WehavethecontrolsforinvestmentsinFDIsandhaveinplacesystemstomonitorthederivativepositionsoftheSub-Fund.

● Youareexposedtoforeignexchangeandcurrencyrisk.o WheretheSub-Fundmakesinvestmentswhicharedenominatedinforeign

currencies, fluctuations in the exchange rates of the currency or currencies inwhichtheunderlyingassetsof theSub-FundaredenominatedagainsttheSub-Fund’sbasecurrency(Singaporedollar)mayaffect thevalueofUnits.TheSub-Fund’sforeigncurrencyexposuremaynotbefullyhedgeddepending on the circumstances of each case, including the outlook on the relevant currency, the hedging costs and the market liquidity of the relevant currency.



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EET● Youareexposedtoriskrelatingtodistributions.

o Dividend/interest income of the Sub-Fund may be adversely affectedby (amongst others) investee entities sufferingunexpected losses and/orpaying lower than expected dividends.Where distributable income and/or capital gains are insufficient, distributions may be made out of the capitaloftheSub-Fund,whichmayamounttoareductionofyouroriginalinvestmentandmayalsoresult in reducedfuture returns to theHolders.Payment of distributions (whether out of capital or otherwise) may have the effectofloweringtheSub-Fund’sNAV.

● Otherriskstoyourinvestmentincludecounterpartyrisk,brokerriskandinvestmentmanagementrisk.



SubscriptionFee Currently5%,Maximum5%RealisationCharge Currently0%,Maximum2%SwitchingFee Currently 0% (for switches between sub-funds

of the Fund (if permitted by us)) or 1% (forswitchesfromtheSub-FundtoaGroupFund),Maximum 2%


PayablebytheSub-Fundfrominvestedproceeds● TheSub-FundwillpaythefollowingfeesandchargestotheManagers,Trustee

and other parties:


Currently1.50%,Maximum1.75%

Annual Trustee Fee Currently below 0.05%; maximum 0.10%(subjecttoacapofS$45,000p.a.)




0.03%








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EETVALUATIONSANDEXITINGFROMTHISINVESTMENT


form to the authorised agent or distributor of the Managers through whom yourUnitswereoriginallypurchased. If applicable toyouandyouwish toexittheSub-Fundwithinthecancellationperiodof7calendardaysfromthetime of your subscription, you may do so by submitting a cancellation form andyouwillnotincurtheSubscriptionFeeandfeesstatedabove.HoweveryouwillhavetotaketheriskofanypricechangesintheNAVoftheSub-Fundsince your subscription and pay any bank charges, administrative or other fees imposed by the relevant authorised agent or distributor.




Day,youwillbepaidapricebasedontheNAVoftheSub-FundasattheValuationPointofthatDealingDay.

o Ifyousubmittherealisationformafter3p.m.SingaporetimeonaDealingDayoronadaynotbeingaDealingDay,youwillbepaidapricebasedontheNAVoftheSub-FundasattheValuationPointofthenextDealingDay.

● ThenetrealisationproceedsthatyouwillreceivewillbetherealisationpriceoftheSub-FundmultipliedbythenumberofUnitsrealised,lessanycharges.An example is as follows:


request

x S$0.900Notional

realisation price


proceeds


proceeds


(0%)


proceeds




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BusinessDay: Any day (other than a Saturday, Sunday or gazetted public holiday) on which commercial banks in the Republic of Singapore are open for business or any other day as the Managers and the Trustee may agree in writing.

DealingDay: Inconnectionwiththeissuance,cancellation,valuationandrealisationofUnitsoftheSub-Fund,meanseveryBusinessDayorsuchotherdayasprovidedintheDeed.

Deed: ThetrustdeedoftheFund,asamended.FDIsorderivatives:





meanstheinceptiondateoftheSub-Fund.NAV: Netassetvalue.Units: UnitsoftheSub-Fund.ValuationPoint: The close of business of the last relevant market in relation

toaDealingDayonwhichtheNAVoftheSub-FundistobedeterminedpursuanttotheprovisionsoftheDeedorsuchother time as the Managers may with the prior approval of the Trustee determine from time to time and the Trustee shalldetermineiftheHoldersshouldbeinformedofsuchchange.


1UNITED CHOICE PORTFOLIOS – UNITED ASIAN HIGH YIELD BOND FUND – PHS (16 MARCH 2018)

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the Prospectus.

UnitedAsianHighYieldBondFund(the“Sub-Fund”),


ProductType Unit Trust Launch Date ClassSGDDist2 April 2013ClassSGDAcc/ClassUSDAcc/ClassUSD Dist19May2015ClassASGDAcc(Hedged)andClassASGDDist(Hedged)Notinceptedyet

Managers UOB Asset Management Ltd

Custodian StateStreetBankandTrustCompany,acting through its Singapore Branch


Dealing Frequency

EveryDealingDay

CapitalGuaranteed

No Expense Ratioforthefinancialyearended30June2017

ClassSGDDist1.63%ClassSGDAcc1.60%ClassUSDAcc1.63%ClassUSDDist1.62%ClassASGDAcc(Hedged)andClassASGDDist(Hedged)Notinceptedasat30June2017.


o seek a total return consisting of high income and capital appreciation; o are looking for exposure to Asian high yield fixed income or debt securities;

ando arecomfortablewiththevolatilityandriskofafundthatinvestsinnon-

investmentgradeand/orunratedAsianfixedincomeordebtsecurities.


KEYPRODUCTFEATURESWHATAREYOUINVESTINGIN?● YouareinvestinginaunittrustconstitutedinSingaporethataimstoachieve

a total return consisting of high income and capital appreciation by investing primarily in high yield fixed income or debt securities (including money market instruments) issued by Asian corporations, financial institutions, governments and their agencies.

● InrelationtotheDistributionClassesweintendtomakemonthlydistributionsof 7% p.a. (or such other percentage or at such other frequency as we may fromtimetotimedetermine)oftheNAVperUnitasatthelastBusinessDayof every month (or such other date as we may from time to time determine). However,wehavetheabsolutediscretiontodeterminewhetherandwhenadistribution is to be made.




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● WeintendtoachievetheinvestmentobjectiveoftheSub-Fundbyinvestingin a diversified portfolio of Asian fixed income or debt securities, which primarily comprises of high yield fixed income or debt securities that may be non-investmentgradeand/orunrated.Notwithstandingtheforegoing,theSub-Fundmayfromtimetotimeinvest inAsianinvestmentgradefixedincomeor debt securities if Asian high yield fixed income or debt securities are not available at acceptable prices or volume.

● Non-investment grade fixed income or debt securities would include thosesecuritieswithalongtermcreditratingofbelow“BBB-”byStandardandPoor’s,“Baa3”byMoody’sInvestorsService,“BBB-”byFitchInc,ortheirequivalent.ThegeographicregionsinwhichtheSub-Fundwillinvestincludebutarenotlimited toSingapore,Malaysia,Thailand, Indonesia,Philippines,HongKongSAR,SouthKorea,Taiwan,China,Australia,NewZealandandJapan.

● TheSub-Fundwillinvestinabroadrangeoffixedincomeordebtsecuritieswhich may or may not be listed and which may be denominated in any currency.

● TheSub-Fundwillbeactivelymanagedwithafocusonyieldatanacceptablerisk premium. There is no bias towards sovereign or corporate bonds. The emphasis is on the credit spread as the main source of incremental return. Our investment style is based on the credit fundamentals of the relevant company and the extent to which the pricing has been reflected in the credit in question. The Sub-Fund’sportfolioofinvestmentswillbereviewedregularlysoastoenabletheSub-Fundtoswitchoutofovervaluedsecuritiestoundervaluedsecurities.

● Along-termviewistakenwhenassessinganinvestmentopportunity.Atthesame time,we recognise thatAsianmarketsare subject togreatervolatilitythan developed markets and may therefore require a greater level of trading thanoriginallyenvisaged.OurpolicyistohavetheSub-Fundfullyinvestedsave where there is overwhelming evidence to suggest that the markets are excessively overvalued.















o TheSub-Fund’sinvestmentsmaybeadverselyaffectedbypoliticalinstabilityas well as exchange controls, changes in taxation, foreign investment policies, restrictions on repatriation of investments and other restrictions and controls which may be imposed by the relevant authorities in the other countries.



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EET● Youareexposedtoderivativesrisk.

o The Sub-Fundmay use or invest in FDIs, including but not limited to,foreignexchangeforwardcontracts.AninvestmentinaFDImayrequirethedeposit of initial margin and additional deposit of margin on short notice if themarketmovesagainsttheinvestmentposition.Iftherequiredmarginisnot provided in time, the investment may be liquidated at a loss. Therefore, itisessentialthatsuchinvestmentsinFDIsaremonitoredclosely.WehavethecontrolsforinvestmentsinFDIsandhaveinplacesystemstomonitorthederivativepositionsoftheSub-Fund.


currencies, fluctuations in the exchange rates of the currency or currencies inwhichtheunderlyingassetsoftheSub-FundaredenominatedagainsttheSub-Fund’sbasecurrency(Singaporedollar)mayaffect thevalueof therelevantUnits.TheSub-Fund’sforeigncurrencyexposuremaynotbefullyhedged depending on the circumstances of each case, including the outlook on the relevant currency, the hedging costs and the market liquidity of the relevant currency.

o InthecaseofHedgedClasses,wecurrentlyadoptapassivehedgingpolicy.Notwithstanding the above, we retain the discretion to adopt any otherhedging policy as we may determine from time to time. There can be no guaranteethatthehedgingstrategyappliedinaHedgedClasswillentirelyeliminate the adverse effects of changes in exchange rates.


affected by (amongst others) investee entities suffering unexpected losses and/orpaying lower thanexpecteddividends.Wheredistributable incomeand/orcapitalgainsare insufficient,distributionsmaybemadeoutof thecapitaloftherelevantClass,whichmayamounttoareductionoftherelevantHolder’soriginalinvestmentandmayalsoresultinreducedfuturereturnstotherelevantHolders.Paymentofdistributions(whetheroutofcapitalorotherwise)mayhavetheeffectofloweringtheNAVoftherelevantClass.




o Inaddition,theSub-Fundmayhaveahighercreditanddefaultriskduetoits exposure to high yield fixed income or debt securities.

● Otherriskstoyourinvestmentincludesmallandmediumcapitalisationcompaniesrisk,regionalrisk,riskofuseofratingagenciesandotherthirdparties,counterpartyrisk,brokerriskandinvestmentmanagementrisk.



SubscriptionFee ForallClasses:Currently3%,Maximum5%RealisationCharge Currently0%,Maximum2%SwitchingFee Currently 0% (for switches between sub-funds of

theFund(ifpermittedbyus))or1%(forswitchesbetweenClassSGDAccandClassSGDDist,ClassSGDAccandClassASGDAcc(Hedged),ClassSGDAccandClassASGDDist(Hedged),ClassSGDDistandClassASGDDist(Hedged),ClassSGDDistandClassASGDAcc(Hedged),ClassASGDAcc(Hedged)andClassASGDDist(Hedged)orClassUSDAccandClassUSDDistorfromtheSub-FundtoaGroupFund),Maximum2%

● Our authorised agents and distributors through whom you subscribe for Units may impose other fees and charges that are not disclosed in the Prospectus. Youshouldcheckwiththerelevantauthorisedagentsordistributorsonsuchfees and charges, if any.




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EETPayablebytheSub-Fundfrominvestedproceeds● TheSub-FundwillpaythefollowingfeesandchargestotheManagers,Trustee

and other parties:


For all Classes: Currently 1.25%, Maximum2.00%





0.125%













request

x S$0.900Notional

realisation price


proceeds


proceeds


(0%)


proceeds





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FDIsorderivatives:

Financialderivativeinstruments



HedgedClass: AClasstowhichacurrencyhedgingstrategyisapplied.Holder: AunitholderoftheSub-Fund.LaunchDate: For the purposes of this Product Highlights Sheet only,


may require. USD: United States dollars.ValuationPoint: InrelationtotheSub-FundorClassoftheSub-Fund,means



1UNITED CHOICE PORTFOLIOS – UNITED ASIAN LOCAL CURRENCY BOND FUND – PHS (16 MARCH 2018)

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the Prospectus.

UnitedAsianLocalCurrencyBondFund(the“Sub-Fund”),


ProductType Unit Trust Launch Date ClassUSDDist26July2013ClassSGDAcc/ClassSGDDist/ClassUSDAccNotinceptedyet

Managers UOB Asset Management Ltd Custodian StateStreetBankandTrustCompany,actingthroughitsSingapore Branch


Dealing Frequency

EveryDealingDay

CapitalGuaranteed

No Expense Ratio forthefinancialyearended30June2017

ClassUSDDist1.90%ClassSGDAcc/ClassSGDDist/ClassUSDAcc Notinceptedasat30June2017.


o seek a total return consisting of income and capital appreciation;o are looking for exposure to local Asian currency denominated debt

securities; and o are comfortable with the volatility and risk of a fund that invests in Asian

debt securities.


KEYPRODUCTFEATURESWHATAREYOUINVESTINGIN?● YouareinvestinginaunittrustconstitutedinSingaporethataimstoachievea

total return consisting of income and capital appreciation by investing primarily in local Asian currency denominated debt securities issued predominantly by Asian corporations, financial institutions, governments and their agencies and supranational institutions in the Asian markets including but not limited to Singapore,Malaysia,Thailand,Indonesia,thePhilippines,HongKongSAR,SouthKorea,Taiwan,China,Australia,NewZealandandJapan.

● WemaymakedistributionsinrespectoftheDistributionClasses.However,we have the absolute discretion to determine whether and when a distribution is to be made.




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● TheSub-Fund is activelymanagedwith an emphasis on potential currencyappreciation and yield compression as the main sources of incremental return.Along-termviewistakenwhenassessinganinvestmentopportunity.Weseek to invest theSub-Fund in localcurrencybonds issued incountrieswhere the currency has good potential for appreciation and where inflation is stableand/ortrendinglower.AstheSub-Fundcaninvestincorporatecredit,credit selection through rigorous analysis and credit diversification by us is an importantsourceofaddedvalue.Wefocusonaddingvaluebyselectingcreditbasedonabottom-upapproachthroughtheanalysisofcreditquality,securitystructuresandrelativevaluation.Thisiscomplementedbyatop-downstrategyencompassing macroeconomic and market analysis which includes duration, currencies as well as country and sector allocation.

● WerecognisethatAsianlocalcurrencymarketsaresubjecttogreatervolatilityand regulatory changes than developed markets and may therefore require a greater level of trading than originally envisaged. Our policy generally is to havetheSub-Fundfullyinvestedsavewherethereisoverwhelmingevidenceto suggest that markets are excessively overvalued.

















foreignexchangeforwardcontracts.AninvestmentinaFDImayrequirethedeposit of initial margin and additional deposit of margin on short notice if themarketmovesagainsttheinvestmentposition.Iftherequiredmarginisnot provided in time, the investment may be liquidated at a loss. Therefore,



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EET itisessentialthatsuchinvestmentsinFDIsaremonitoredclosely.Wehave

thecontrolsforinvestmentsinFDIsandhaveinplacesystemstomonitorthederivativepositionsoftheSub-Fund.


currencies, fluctuations in the exchange rates of the currency or currencies inwhichtheunderlyingassetsof theSub-FundaredenominatedagainsttheSub-Fund’sbasecurrency(Singaporedollar)mayaffect thevalueofUnits.TheSub-Fund’sforeigncurrencyexposuremaynotbefullyhedgeddepending on the circumstances of each case, including the outlook on the relevant currency, the hedging costs and the market liquidity of the relevant currency.


affected by (amongst others) investee entities suffering unexpected losses and/orpayinglowerthanexpecteddividends.Wheredistributableincomeand/or capital gains are insufficient, distributions may be made out ofthecapitaloftherelevantClass,whichmayamounttoareductionoftherelevantHolder’soriginalinvestmentandmayalsoresultinreducedfuturereturns to the relevant Holders. Payment of distributions (whether outofcapitalorotherwise)mayhavetheeffectof loweringtheNAVof therelevantClass.




● Otherriskstoyourinvestmentincluderegionalrisk,riskofuseofratingagencies and other third parties, counterparty risk, broker risk andinvestmentmanagementrisk.



SubscriptionFee ForallClasses:Currently3%,Maximum5%RealisationCharge Currently0%,Maximum2%SwitchingFee Currently0%(forswitchesbetweensub-fundsof

theFund(ifpermittedbyus))or1%(forswitchesbetweenClassSGDAccandClassSGDDistorClassUSDAccandClassUSDDistorfromtheSub-FundtoaGroupFund),Maximum2%


PayablebytheSub-Fundfrominvestedproceeds● TheSub-FundwillpaythefollowingfeesandchargestotheManagers,Trustee

and other parties:


For all Classes: Currently 1.25%, Maximum2.00%





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EETAnnual Registrar and TransferAgentFee



0.125%













request

x S$0.900Notional

realisation price


proceeds


proceeds


(0%)


proceeds





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FDIsorderivatives:






may require. USD: United States dollars.ValuationPoint: InrelationtotheSub-FundorClassoftheSub-Fund,means



PRODUT HHLHTS SHEET - UOB Asset Management Product Highlights Sheet is an important document. It highlights the key terms and risks of this investment product and complements the Prospectus1.

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