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HSBC Global Investment Funds MEXICO EQUITY Monthly Report 31 August 2021 | Share Class AC

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HSBC Global Investment Funds MEXICO EQUITY Monthly Report 31 August 2021 | Share Class AC HSBC Global Investment Funds MEXICO EQUITY Monthly report 31 August 2021 | Share class AC Share Class Details Investment objective Key metrics The Fund aims to provide long term capital growth and income by investing in a portfolio of NAV per Share USD 7.96 Mexican shares. Performance 1 month 2.20% Volatility 3 years 27.97% Investment strategy Fund facts UCITS V compliant Yes In normal market conditions, the Fund will invest at least 90% of its assets in shares (or securities similar to shares) of companies of any size, that are based in, or carry out most of their business Dividend treatment Accumulating in Mexico. The Fund may invest up to 10% of its assets in other funds, including HSBC funds. Dealing frequency Daily See the Prospectus for a full description of the investment objectives and derivative usage. Valuation Time 17:00 Luxembourg Share Class Base Currency USD Main risks Domicile Luxembourg • The Fund's unit value can go up as well as down, and any capital invested in the Fund may Inception date 28 February 2013 be at risk. Fund Size USD 34,816,687 • The value of investible securities can change over time due to a wide variety of factors, Reference 100% MSCI Mexico 10/40 including but not limited to: political and economic news, government policy, changes in benchmark IMI Net demographics, cultures and populations, natural or human-caused disasters etc. • The Fund may invest in Emerging Markets, these markets are less established, and often Managers Philippe Pequignot more volatile, than developed markets and involve higher risks, particularly market, liquidity Fees and expenses and currency risks. Minimum Initial USD 5,000 Investment Ongoing Charge Figure¹ 2.145% Performance Fund Reference benchmark Management fee 1.750% 110 Codes 100 ISIN LU0877824093 90 Bloomberg ticker HSGMXAU LX 80 ¹Ongoing Charges Figure, is based on expenses over a year. The figure includes annual 70 management charge but not the transaction 100 on starting date 60 costs. Such figures may vary from time to time. Return index rebased to 08/16 08/17 08/18 08/19 08/20 08/21 Past performance is not an indicator of future returns. The figures are calculated in the share class base currency, dividend reinvested, net of fees. Source: HSBC Asset Management, data as at 31 August 2021 HSBC Global Investment Funds MEXICO EQUITY Monthly report 31 August 2021 | Share class AC Performance (%) YTD 1 month 3 months 6 months 1 year 3 years ann 5 years ann AC 14.21 2.20 3.38 21.14 48.53 -0.80 -1.03 Reference benchmark 16.98 3.57 4.25 22.94 55.66 2.98 2.13 31/08/2020- 31/08/2019- 31/08/2018- 31/08/2017- 31/08/2016- Rolling Performance (%) 31/08/2021 31/08/2020 31/08/2019 31/08/2018 31/08/2017 AC 48.53 -18.21 -19.64 -9.10 7.02 Reference benchmark 55.66 -17.42 -15.06 -9.73 12.72 Reference Reference Characteristics Fund benchmark 3-Year Risk Measures AC benchmark No. of holdings ex cash 28 47 Volatility 27.97% 28.48% Average Market Cap (USD) 17,125,710,000 17,597,140,000 Information ratio -0.97 -- Beta 0.97 -- Sector Allocation (%) Consumer Staples 23.09 30.25 Financials 16.17 15.31 Materials 15.42 15.18 Communication Services 15.32 16.16 Industrials 15.19 13.56 Real Estate 6.08 7.40 Consumer Discretionary 4.13 1.48 Health Care 0.00 0.66 Cash & Others 4.59 0.00 Fund Reference benchmark Past performance is not an indicator of future returns. The figures are calculated in the share class base currency, dividend reinvested, net of fees. Source: HSBC Asset Management, data as at 31 August 2021 HSBC Global Investment Funds MEXICO EQUITY Monthly report 31 August 2021 | Share class AC Top 10 Holdings Sector Weight (%) America Movil SAB de CV Communication Services 9.88 Grupo Financiero Banorte SAB d Financials 8.89 Wal-Mart de Mexico SAB de CV Consumer Staples 6.94 Grupo Aeroportuario del Pacifi Industrials 6.24 Grupo Mexico SAB de CV Materials 5.37 Cemex SAB de CV Materials 4.73 Fomento Economico Mexicano SAB Consumer Staples 4.65 Fibra Uno Administracion SA de Real Estate 4.32 Kimberly-Clark de Mexico SAB d Consumer Staples 4.28 Arca Continental SAB de CV Consumer Staples 3.84 Source: HSBC Asset Management, data as at 31 August 2021 HSBC Global Investment Funds MEXICO EQUITY Monthly report 31 August 2021 | Share class AC Monthly performance commentary Market Overview Mexico equities continued their positive momentum in August, outperforming the wider LatAm region given Brazil equities’ poor performance. At the sector level, Communication Services and Consumer Staples names were the best performers, whilst Health Care and Consumer Discretionary were the main laggards. Fund Review Contributors to relative performance included an underweight exposure to Controladora Vuela Compania de Aviacion, a low cost airline. Furthermore, Kimberly Clark Mexico, a manufacturer and distributer of consumer industrial hygiene products including toilet paper and facial tissues. Detractors included Alsea, a multi-brand operator in Latin America that includes fast food, cafeteria and casual dining segments. Additionally, Grupo Bimbo, a producer and seller of bakery products with operations across the Americas and Europe. Allocation effects, residual to the stock selection process, were negative for the period given anoverweight exposure to Consumer Discretionary names. During the period, a position was initiated in Bolsa Mexicana de Valores and Grupo Bimbo, whilst no positions were sold. Outlook Mexico is considered a developing economy with solid fundamentals and it has defensive characteristics given its oligopolistic structure, providing price power to leading companies. The country benefits from a demographic bonus given its young population. Private consumption, though more subdued, and industrial trade should continue to support Mexico’s growth. The stocks mentioned are for illustrative purposes only and are not investment advice, investments have risks. Source: HSBC Asset Management, data as at 31 August 2021 HSBC Global Investment Funds MEXICO EQUITY Monthly report 31 August 2021 | Share class AC Follow us on: Risk Disclosure HSBC Asset Management • The Fund may be concentrated in a limited number of securities, economic sectors and/or countries and as a result, may be more volatile and have a greater risk of loss than more broadly diversified funds. HSBC Asset Management (Bermuda) • Derivatives may be used by the Fund, and these can behave unexpectedly. The pricing and Limited Telephone: +441 299 6644 volatility of many derivatives may diverge from strictly reflecting the pricing or volatility of Email: [email protected] their underlying reference(s), instrument or asset. Website: assetmanagement.hsbc.bm • Investment Leverage occurs when the economic exposure is greater than the amount invested, such as when derivatives are used. A Fund that employs leverage may experience greater gains and/or losses due to the amplification effect from a movement in the price of the reference source. • Real estate and related investments can be negatively impacted by any factor that makes an Glossary area or individual property less valuable. • Further information on the Fund's potential risks can be found in the Key Investor Information Document and Prospectus. Index Disclaimer Source: MSCI. The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non- infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com) Source: HSBC Asset Management, data as at 31 August 2021 HSBC Global Investment Funds MEXICO EQUITY Monthly report 31 August 2021 | Share class AC Important Information HSBC Global Asset Management (Bermuda) Limited (“AMBM”) of 37 Front Street, Hamilton, Bermuda, is a wholly owned subsidiary of HSBC Bank Bermuda Limited (the “Bank”). AMBM and the Bank are licensed to conduct investment business by the Bermuda Monetary Authority. Funds managed by AMBM are offered by Prospectus only in those jurisdictions where they are permitted by law. Persons are required to inform themselves and observe any relevant restrictions. AMBM makes no representation as to the suitability of the funds for investors. Investors should be aware that performance returns are affected by market fluctuations. Investing entails risks, including possible loss of principal. Past performance is no guarantee of future performance. Investors should note that the use of derivatives and investments involving a currency other than their own will create foreign exchange exposure, which involves special risks. It is the aim of the Company to preserve capital and, where applicable, to maintain a stable net asset value per share; these aims are not guaranteed.
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