恒生精選基金系列- Hang Seng Investment Series

恒生精選基金系列 HANG SENG INVESTMENT SERIES

中期財務報告 INTERIM FINANCIAL REPORT 2015 目录 Contents

2 中期财务报告 2015 Interim Financial Report 2015

3 投资组合 Investment Portfolio

33 投资组合变动表 Statement of Movements in Portfolio Holdings

36 资产负债表 Statement of Assets and Liabilities

41 收益分配表 Distribution Disclosure

42 指数基金与标的指数的业绩表现 Performance of Index Funds and Underlying Indexes

43 指数成份股披露 Index Constituent Stock Disclosure

44 基金管理与行政管理 Management and Administration 中期财务报告2015 Interim Financial Report 2015

基金中的基金系列指数基金系列中国内地/香港基金系列债券基金系列 Fund of Fund Series Index Fund Series Mainland China/Hong Kong Fund Series Bond Fund Series

恒生环球平稳增长基金恒生指数基金 * 恒生指数基金 * 恒生环球债券基金 * Hang Seng Global Conservative Fund Hang Seng Index Fund * Hang Seng Index Fund * Hang Seng Global Bond Fund * 恒生环球均衡增长基金恒生中型股指数基金 * 恒生中型股指数基金 * 恒生环球高收益债券基金 * Hang Seng Global Balanced Fund Hang Seng MidCap Index Fund * Hang Seng MidCap Index Fund * Hang Seng Global High Yield Bond Fund * 恒生环球高增长基金恒生中国指数基金 * 恒生中国指数基金 * 恒生香港债券基金 * Hang Seng Global High Growth Fund Hang Seng China Index Fund * Hang Seng China Index Fund * Hang Seng Hong Kong Bond Fund * 恒生环球债券基金 * 恒生中国H股指数基金 * 恒生中国H股指数基金 * 恒生中国内地债券基金 * Hang Seng Global Bond Fund * Hang Seng China H-Share Index Fund * Hang Seng China H-Share Index Fund * Hang Seng Mainland China Bond Fund * 恒生环球高收益债券基金 * 恒生神州50指数基金 * 恒生指数150策略基金恒生内地及香港企业债券基金 * Hang Seng Global High Yield Bond Fund * Hang Seng China 50 Index Fund * Hang Seng Index Leveraged 150 Fund Hang Seng Mainland and Hong Kong Corporate Bond Fund * 恒生环球科技基金恒生可持续发展企业指数基金 * 恒生中国H股指数150策略基金恒生环球金融行业债券基金 Hang Seng Global Technology Fund Hang Seng Corporate Sustainability Index Fund * Hang Seng China H-Share Index Leveraged 150 Fund Hang Seng Global Financial Sector Bond Fund 恒生美国指数基金恒生神州50指数基金 * 货币市场基金系列 Hang Seng American Index Fund Hang Seng China 50 Index Fund * Money Market Fund Series 恒生英国指数基金恒生可持续发展企业指数基金 * Hang Seng UK Index Fund Hang Seng Corporate Sustainability Index Fund * 恒生港元货币市场基金 * 恒生欧洲大陆指数基金恒生中国股票基金 Hang Seng Hong Kong Dollar Money Market Fund * Hang Seng Continental European Index Fund Hang Seng China Equity Fund 恒生日本指数基金恒生中国B股精选基金 Hang Seng Japan Index Fund Hang Seng China B-Share Focus Fund 恒生太平洋指数基金恒生地产行业动力基金 Hang Seng Pacific Index Fund Hang Seng Property Sector FlexiPower Fund 恒生台湾指数基金恒生金融行业动力基金 Hang Seng Taiwan Index Fund Hang Seng Financial Sector FlexiPower Fund 恒生消费行业动力基金 Hang Seng Consumer Sector FlexiPower Fund 恒生香港债券基金 * Hang Seng Hong Kong Bond Fund * 恒生中国内地债券基金 * Hang Seng Mainland China Bond Fund * 恒生内地及香港企业债券基金 * Hang Seng Mainland and Hong Kong Corporate Bond Fund * 恒生港元货币市场基金 * Hang Seng Hong Kong Dollar Money Market Fund *

* 同一基金可能因不同分类而出现在不同基金系列中。 * Funds may appear in various series due to different categorisation. ** 本年度财务报告为中英文本。如有歧义，以英文本为准。 ** The annual financial report is presented in English and Chinese. In case of discrepancy, the original version in English shall prevail. 2 ㈽峬乬⎰ ㈽峬乬⎰炷井炸 Investment Portfolio Investment Portfolio (continued) 2015⸜6㚰30㖍 as at 30 June 2015 2015⸜6㚰30㖍 as at 30 June 2015

⿺䓇䍗䎫⸛䧛⡆攧➢慹 ⿺䓇䍗䎫⛯堉⡆攧➢慹 Hang Seng Global Conservative Fund Hang Seng Global Balanced Fund

⌈➢慹ấ桅㊩㚱Ṣ ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼䘬峬ṏⅨῤ䘦↮㭼㲐ℴ炾ㆸ䩳⛘䁡 ⶪῤ (伶⃫) % of Net Assets 㲐ℴ炾ㆸ䩳⛘䁡 ⶪῤ (伶⃫) % of Net Assets ㈽峬 Place of Incorporation/ ➢慹ấ桅㔘䚖 Market Value Attributable to ㈽峬 Place of Incorporation/ ➢慹ấ桅㔘䚖 Market Value Attributable to Investments Registration Holdings (USD) Unitholders Investments Registration Holdings (USD) Unitholders

朆ᶲⶪ㈽峬 Unlisted Investments 朆ᶲⶪ㈽峬 Unlisted Investments

偉䤐➢慹 Equity Funds 偉䤐➢慹 Equity Funds ⿺䓇䤆ⶆ50㊯㔘➢慹 - A* Hang Seng China 50 Index Fund - A* 楁㷗 Hong Kong 271,057 463,627 6.75% ⿺䓇ᷕ⚥A偉䱦徱➢慹 - A1* Hang Seng China A-Share Focus Fund - A1* 楁㷗 Hong Kong 18,066 727,521 2.96% ⿺䓇⎗㊩井⍹⯽ẩ᷂㊯㔘➢慹 - A* ⿺䓇慹圵埴᷂≐≃➢慹 - A * Hang Seng Corporate Sustainability Index Fund - A * 楁㷗 Hong Kong 200,000 368,660 5.37% Hang Seng Financial Sector FlexiPower Fund - A* 楁㷗 Hong Kong 200,199 1,029,090 4.18% ⿺䓇慹圵埴᷂≐≃➢慹 - A * ⿺䓇ᷕ⚥A偉≐≃➢慹 - A* Hang Seng China A-Share FlexiPower Fund - A* 楁㷗 Hong Kong 612,000 1,240,199 5.04% Hang Seng Financial Sector FlexiPower Fund - A* 楁㷗 Hong Kong 20,880 107,331 1.56% ⿺䓇⎗㊩井⍹⯽ẩ᷂㊯㔘➢慹 - A* ⿺䓇楁㷗偉䤐➢慹 - A* Hang Seng Hong Kong Equity Fund - A* 楁㷗 Hong Kong 32,975 190,388 2.77% Hang Seng Corporate Sustainability Index Fund - A * 楁㷗 Hong Kong 700,000 1,290,310 5.24% ⿺䓇㖍㛔㊯㔘➢慹 - A* Hang Seng Japan Index Fund - A* 楁㷗 Hong Kong 17,596 165,398 2.41% ⿺䓇⎘㸦㊯㔘➢慹 - I* Hang Seng Taiwan Index Fund - I* 楁㷗 Hong Kong 107,083 1,396,360 5.67% ⿺䓇ᷕ✳偉㊯㔘➢慹 - 䳗䦗㓞䙲 - A* ⿺䓇ᷕ✳偉㊯㔘➢慹 - 䳗䦗㓞䙲 - A* Hang Seng MidCap Index Fund - Acc - A* 楁㷗 Hong Kong 3,976 21,836 0.32% Hang Seng MidCap Index Fund - Acc - A* 楁㷗 Hong Kong 131,956 724,770 2.94% ⿺䓇⛘ṏ埴᷂≐≃➢慹 - 䳗䦗㓞䙲 - A* ⿺䓇ᷕ✳偉㊯㔘➢慹 - 㳦〗 - A* Hang Seng Property Sector FlexiPower Fund - Acc - A* 楁㷗 Hong Kong 23,305 117,844 1.71% Hang Seng MidCap Index Fund - Inc - A* 楁㷗 Hong Kong 41,544 177,217 0.72% ⿺䓇⎘㸦㊯㔘➢慹 - I* Hang Seng Taiwan Index Fund - I* 楁㷗 Hong Kong 24,529 319,855 4.66% ⿺䓇⣒⸛㲳㊯㔘➢慹 - A* Hang Seng Pacific Index Fund - A* 楁㷗 Hong Kong 24,641 663,589 2.70% 总㘖栧Ṃ㳚⡆攧➢慹 - 䳗䬿 - A Templeton Asian Growth Fund - Acc - A ⌊㢖⟉ Luxembourg 17,891 597,901 8.70% ⿺䓇㖍㛔㊯㔘➢慹 - A* Hang Seng Japan Index Fund - A* 楁㷗 Hong Kong 134,240 1,261,853 5.13% 2,352,840 34.25% 总㘖栧Ṃ㳚⡆攧➢慹 - 䳗䬿 - A Templeton Asian Growth Fund - Acc - A ⌊㢖⟉ Luxembourg 78,397 2,620,040 10.64% ῢ⇠➢慹 Bond Funds 11,130,949 45.22% Goldman Sachs Global High Yield Portfolio ⌊㢖⟉ Luxembourg 51,463 427,143 6.22% ῢ⇠➢慹 Bond Funds ⿺䓇楁㷗ῢ⇠➢慹 - Z* Hang Seng Hong Kong Bond Fund - Z* 楁㷗 Hong Kong 54,501 146,860 2.14% Goldman Sachs Global High Yield Portfolio ⌊㢖⟉ Luxembourg 241,292 2,002,726 8.13% 㯯ᷘ䍗䎫㈽峬➢慹 - 䍗䎫㕘ℜⶪ⛢ῢ⇠ - PD * ⿺䓇楁㷗ῢ⇠➢慹 - Z* Hang Seng Hong Kong Bond Fund - Z* 楁㷗 Hong Kong 526,382 1,418,415 5.76% HSBC Global Investment Funds - Global Emerging Markets Bond - PD * ⌊㢖⟉ Luxembourg 95,767 1,851,852 26.96% PIMCO Funds: Global Investors Series Plc - 䍗䎫ῢ⇠➢慹 - 䳗䦗偉ấ - E PIMCO Funds: Global Investors Series Plc - 䍗䎫ῢ⇠➢慹 - 䳗䦗偉ấ - E PIMCO Funds: Global Investors Series Plc - Global Bond Fund - Acc - E 䇙⮼℘ Ireland 180,010 4,541,645 18.45% PIMCO Funds: Global Investors Series Plc - Global Bond Fund - Acc - E 䇙⮼℘ Ireland 62,392 1,574,145 22.92% 7,962,786 32.34% 4,000,000 58.24% ᶲⶪ㈽峬 Listed Investments ᶲⶪ㈽峬 Listed Investments

偉䤐➢慹 Equity Funds 偉䤐➢慹 Equity Funds ⿺䓇H偉㊯㔘ᶲⶪ➢慹* Hang Seng H-Share Index ETF* 楁㷗 Hong Kong ⿺䓇H偉㊯㔘ᶲⶪ➢慹* Hang Seng H-Share Index ETF* 楁㷗 Hong Kong 18,000 306,254 4.46% 100,200 1,704,811 6.92%

⿣㈽峬ⶪῤ Total Investments 6,659,094 96.95% ⿣㈽峬ⶪῤ Total Investments 20,798,546 84.48% (⿣㈽峬ㆸ㛔Total cost of investments - USD5,429,225伶⃫) (⿣㈽峬ㆸ㛔Total cost of investments - USD15,273,237伶⃫) ℞Ṿ峬ṏⅨῤ Other Net Assets 209,215 3.05% ℞Ṿ峬ṏⅨῤ Other Net Assets 3,820,836 15.52% ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ Net Assets Attributable to Unitholders 24,619,382 100.00% ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ Net Assets Attributable to Unitholders 6,868,309 100.00%

* 宍䫱➢慹䓙HSBC Investment Funds (Luxembourg) SAㆾ⿺䓇㈽峬䭉䎮㚱旸℔⎠䭉䎮ˤ * Funds managed by HSBC Investment Funds (Luxembourg) SA or Hang Seng Investment Management Limited. * 宍䫱➢慹䓙⿺䓇㈽峬䭉䎮㚱旸℔⎠䭉䎮ˤ * Funds managed by Hang Seng Investment Management Limited.

3 2.69% 0.79% 20.90% 15.27% 23.68% 92.68% Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 伶⃫ (USD) ( 49,496 963,026 461,459 169,602 1,317,942 5,844,632 1,493,473 5,844,632 6,306,091 ⶪῤ Market Value ⿺䓇䍗䎫ῢ⇠➢慹

92.68% 7.32% 29.35%

100.00% Hang Seng Global Bond Fund 3,947 38,170 45,925 789,088 130,548 169,359 Holdings ➢慹ấ桅㔘䚖

1,851,093 䇙⮼℘ Ireland 楁㷗 Hong Kong 䇙⮼℘ Ireland 楁㷗 Hong Kong 楁㷗 Hong Kong 楁㷗 Hong Kong 㲐ℴ炾ㆸ䩳⛘䁡 Place of Incorporation/ Registration 㓞〗偉ấ - E 䳗䦗偉ấ - E )

伶⃫ 䍗䎫ῢ⇠➢慹 - ⿣⚆㉍ῢ⇠➢慹 - 㳦〗 - A* Net Assets Attributable to Unitholders 䳗䦗㓞䙲 - A* as at 30 June 2015 Other Net Assets 㖍 Total cost of investments - USD5,598,234 Total Investments Unlisted Investments 30 Bond Funds 㚰 6

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⿣㈽峬ㆸ㛔 Investment Portfolio (continued) PIMCO Funds: Global Investors Series Plc - Bond Fund Acc E ⿺䓇Ṣ㮹ⶩῢ⇠➢慹 - A * Hang Seng RMB Bond Fund - A* PIMCO Funds: Global Investors Series Plc - PIMCO Funds: Global Investors Series Plc - PIMCO Funds: Global Investors Series Plc - Total Return Bond Fund Inc E ⿣㈽峬ⶪῤ ( ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ ⿺䓇ℭ⛘⍲楁㷗ẩ᷂ῢ⇠➢慹 - Hang Seng Mainland and Hong Kong Corporate Bond Fund - Inc A* ⿺䓇ᷕ⚥ℭ⛘ῢ⇠➢慹 - Hang Seng Mainland China Bond Fund - Acc A* ⿺䓇䍗䎫慹圵埴᷂ῢ⇠➢慹 - A* Hang Seng Global Financial Sector Bond Fund - A* 2015 朆ᶲⶪ㈽峬 ῢ⇠➢慹 ℞Ṿ峬ṏⅨῤ ㈽峬㈽峬乬⎰炷井炸 Investments * 宍䫱➢慹䓙⿺䓇㈽峬䭉䎮㚱旸℔⎠䭉䎮ˤ * Funds managed by Hang Seng Investment Management Limited. 4 7.33% 1.53% 7.32% 1.50% 0.94% 5.68% 3.96% 4.89% 2.13% 9.14% 70.95% Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 伶⃫ (USD) ( 286,461 282,009 177,217 741,832 399,820 917,202 1,374,831 1,373,672 1,064,504 3,746,946 1,714,552

15,010,398 13,308,989 18,757,344 ⶪῤ Market Value ⿺䓇䍗䎫檀⡆攧➢慹

9.07%

2.89% 80.02% 19.98%

100.00%

6.48% 1.28% 9.59% 1.28% 5.01% Hang Seng Global High Growth Fund 5,979 22,086 51,303 10,472 41,544 69,249 33,694 15,166

105,432 271,665 135,063 113,245 100,000 178,432 Holdings 600,000 263,551 510,173 ➢慹ấ桅㔘䚖

1,701,409

542,465 1,215,881 240,762 1,798,053 239,326 940,402 Luxembourg Hong Kong Hong Kong Hong Kong Hong Kong Hong Kong Hong Kong Hong Kong Hong Kong Hong Kong Hong Kong Hong Kong 楁㷗 ⌊㢖⟉ 楁㷗楁㷗 Hong Kong 楁㷗楁㷗 Hong Kong 楁㷗 Hong Kong 楁㷗楁㷗楁㷗楁㷗 Hong Kong 楁㷗楁㷗楁㷗楁㷗楁㷗楁㷗 Hong Kong 㲐ℴ炾ㆸ䩳⛘䁡 Place of Incorporation/ Registration )

伶⃫ Net Assets Attributable to Unitholders 䳗䦗㓞䙲 - A* 䳗䬿 - A Templeton Asian Growth Fund Acc 㳦〗 - A* 䳗䦗㓞䙲 - A* as at 30 June 2015 Other Net Assets 㖍 Total cost of investments - USD9,900,653 Total Investments Unlisted Investments 偉≐≃➢慹 - A* Hang Seng China A-Share FlexiPower Fund 偉䱦徱➢慹 - A1* Hang Seng China A-Share Focus Fund 30 Listed Investments Equity Funds Equity Funds A A 㚰 6 偉㊯㔘ᶲⶪ➢慹 * Hang Seng H-Share Index ETF* ⸜

⿣㈽峬ㆸ㛔 Investment Portfolio (continued) ⿺䓇劙⚥㊯㔘➢慹 - A* Hang Seng UK Index Fund 总㘖栧Ṃ㳚⡆攧➢慹 - ⿺䓇⎘㸦㊯㔘➢慹 - I* Hang Seng Taiwan Index Fund ⿺䓇⛘ṏ埴᷂≐≃➢慹 - Hang Seng Property Sector FlexiPower Fund - Acc A* ⿺䓇⣒⸛㲳㊯㔘➢慹 - A* Hang Seng Pacific Index Fund ⿺䓇ᷕ✳偉㊯㔘➢慹 - Hang Seng MidCap Index Fund - Inc A* ⿺䓇ᷕ✳偉㊯㔘➢慹 - Hang Seng MidCap Index Fund - Acc A* ⿺䓇㖍㛔㊯㔘➢慹 - A* Hang Seng Japan Index Fund ( ⿣㈽峬ⶪῤ ⿺䓇 H ⿺䓇楁㷗偉䤐➢慹 - A* Hang Seng Hong Kong Equity Fund ⿺䓇慹圵埴᷂≐≃➢慹 - A * Hang Seng Financial Sector FlexiPower Fund - A* ᶲⶪ㈽峬偉䤐➢慹 ⿺䓇ᷕ⚥ ⿺䓇伶⚥㊯㔘➢慹 - A* Hang Seng American Index Fund 2015 朆ᶲⶪ㈽峬偉䤐➢慹 ℞Ṿ峬ṏⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ ⿺䓇ᷕ⚥ ⿺䓇ᷕ⚥偉䤐➢慹 - A* Hang Seng China Equity Fund ⿺䓇㫏㳚⣏旮㊯㔘➢慹 - A* Hang Seng Continental European Index Fund ⿺䓇⎗㊩井⍹⯽ẩ᷂㊯㔘➢慹 - A* Hang Seng Corporate Sustainability Index Fund - A *

㈽峬乬⎰炷井炸㈽峬 Investments * 宍䫱➢慹䓙⿺䓇㈽峬䭉䎮㚱旸℔⎠䭉䎮ˤ * Funds managed by Hang Seng Investment Management Limited. 9.88% 13.55% 90.67% 14.06% 15.85% 13.63% 13.48% 10.22% Unitholders ttributable to A % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 伶⃫ (USD) ( 627,938 6,103,281 6,731,219 6,103,281 ⶪῤ Market Value ⿺䓇䍗䎫䥹㈨➢慹

9.33% 100.00% 90.67% Hang Seng Global Technology Fund 8,600 9,075 6,700 9,500 10,000 10,000 18,080 Holdings 911,772 911,772 946,613 946,613 1,066,900 664,908 664,908 917,600 907,725 907,725 687,763 ➢慹ấ桅㔘䚖 United States United States United States United States United States United States United States 伶⚥ 伶⚥ 伶⚥ 伶⚥ 伶⚥ 伶⚥ 伶⚥ 㲐ℴ炾ㆸ䩳⛘䁡 Place of Incorporation/ Registration )

伶⃫ Net Assets Attributable to Unitholders as at 30 June 2015 Other Net Assets 㖍 Total cost of investments - USD4,678,702 Total Investments 30 Listed Investments Equity Funds 㚰 6

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⿣㈽峬ㆸ㛔 Investment Portfolio (continued) PowerShares QQQ Vanguard Information Technology ETF iShares PHLX Semiconductor ETF iShares U.S. Technology ETF iShares North American Tech-Multimedia Networking ETF iShares North American Tech-Software ETF iShares Global Tech ETF 2015 ᶲⶪ㈽峬偉䤐➢慹 ⿣㈽峬ⶪῤ ℞Ṿ峬ṏⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ ( ㈽峬㈽峬乬⎰炷井炸 Investments 5 2.71% 2.63% 2.64% 2.64% 2.41% 4.80% 1.19% 2.57% 1.95% 8.13% 2.41% 2.43% 0.05% 2.47% 2.66% 1.48% 30.19% 17.12% 62.96% 16.36% 16.50% Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 伶⃫ (USD) ( 985,000 985,000 486,060 486,060 798,995 798,995 984,122 984,122 995,000 995,000 1,108,250 1,074,962 1,080,000 1,080,300 1,052,500 3,327,112 1,010,000 1,086,128 2,800,152 12,347,317 25,755,635 38,102,952 40,903,104 ⶪῤ Market Value

93.15% 100.00% 6.85% ⿺䓇䍗䎫檀㓞䙲ῢ⇠➢慹 1,721 4,847 31,040 Hang Seng Global High Yield Bond Fund 192,197 500,000 806,160 600,000 Holdings 1,100,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 5,000,000 1,992,032 6,000,000 1,000,000 1,000,000 6,710,000

1,964,444 7,000,697

6,691,127

21,880

6,750,375

606,000 ➢慹ấ桅㔘䚖 British Virgin Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Singapore Singapore Vietnam 崲⋿ ⺨㚤佌ⱃ ⺨㚤佌ⱃ ⺨㚤佌ⱃ ⌊㢖⟉ Luxembourg ⺨㚤佌ⱃ ⌊㢖⟉ Luxembourg ⺨㚤佌ⱃ 㕘≈✉ 楁㷗 Hong Kong 㕘≈✉ ⺨㚤佌ⱃ ⌊㢖⟉ Luxembourg ⺨㚤佌ⱃ ⌊㢖⟉ Luxembourg ⺨㚤佌ⱃ ⌊㢖⟉ Luxembourg 劙Ⰶ亜Ṕ佌ⱃ ⺨㚤佌ⱃ 㲐ℴ炾ㆸ䩳⛘䁡 Place of Incorporation/ Registration )

伶⃫ ㆾ⿺䓇㈽峬䭉䎮㚱旸℔⎠䭉䎮ˤ Net Assets Attributable to Unitholders 匟⭅䍗䎫檀㓞䙲ῢ⇠ - I 䍗䎫檀㓞䙲ῢ⇠ - AM * ⽟䚃伶⃫檀㓞䙲➢慹 as at 30 June 2015 Other Net Assets 㖍 Total cost of investments - USD33,163,058 Total Investments Unlisted Investments 㫏㳚檀㓞䙲➢慹 - A 30 Listed Investments Bond Funds 㚰 6 Bonds

⸜

⿣㈽峬ㆸ㛔 Investment Portfolio (continued) Vingroup 11.625% 7 May 2018 Wuzhou International 13.75% 26 Sep 2018 Times Property 12.625% 21 Mar 2019 Sunac China Holdings 12.5% 16 Oct 2017 Robeco Capital Growth Funds - Robeco Capital Growth Funds - High Yield Bond I Redco Properties Group 13.75% 1 Aug 2019 HSBC Global Investment Funds - High Yield Bond AM * Modern Land China 11% 22 Jan 2017 Pratama Agung 6.25% 24 Feb 2020 ⿺䓇Ṣ㮹ⶩῢ⇠➢慹 - A * Hang Seng RMB Bond Fund - A* 㯯ᷘ䍗䎫㈽峬➢慹 - Golden Legacy 9% 24 Apr 2019 Logan Property Holdings 11.25% 4 Jun 2019 Goldman Sachs Global High Yield Portfolio Future Land Development 9.75% 23 Apr 2016 ⭴彦➢慹 - Fidelity Funds - European High Yield Fund A Country Garden Holding 7.5% 10 Jan 2023 ( Allianz Global Investors Fund - US High Yield China Energy Reserve 5.25% 11 May 2018 China SCE Property Holdings 10.5% 14 Jan 2016 ᶲⶪ㈽峬 ῢ⇠ ⿣㈽峬ⶪῤ ⽟䚃ℐ䎫㈽峬➢慹 - 2015 朆ᶲⶪ㈽峬 ῢ⇠➢慹 ℞Ṿ峬ṏⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ ㈽峬㈽峬乬⎰炷井炸 Investments * 宍䫱➢慹䓙 HSBC Investment Funds (Luxembourg) SA * Funds managed by HSBC Investment (Luxembourg) SA or Hang Seng Management Limited. 0.43% 1.31% 1.18% 1.03% 3.95% (0.25%) Unitholders ttributable to A % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 㷗⃫ (HKD) ( 10,201,480 30,709,400 27,763,609 24,144,050 92,818,539 ⶪῤ Market Value 189,046,976 ⿺䓇㊯㔘➢慹 2,158,211,799 2,347,258,775 2,138,563,949 Hang Seng Index Fund

91.95% 8.05% 100.00% 91.11%

1.09%

123 Holdings 466,000 564,000 471,200 341,500 1,707,479 ➢慹ấ桅㔘䚖

(5,957,750)

25,605,600 )

㷗⃫ Financial liabilities at fair value through profit or loss Hong Kong Listed Real Estate Investment Trust Net Assets Attributable to Unitholders 㚰ấ Hang Seng Index Futures Contracts - July 2015 7 ⸜ as at 30 June 2015 Other Net Assets 㖍 Total cost of investments - HKD1,787,469,315 Total Investments 30 Utilities Total Equities Futures Contract 㚰 6

⸜

⿣㈽峬ㆸ㛔 Investment Portfolio (continued) 楁㷗ᶲⶪ㇧⛘ṏ㈽峬ᾉ㈀➢慹㊱℔⸛ẟῤ↿ℍ㓞ℍㆾḷ㌇䘬慹圵峇ῢ 㛇峏⎰乎 ⿣㈽峬ⶪῤ ⋶㵎䓝≃ China Resources Power ᷕ䓝㍏偉 CLP Holdings ⿺䓇㊯㔘㛇峏⎰乎 - 2015 ( 栮㯯㇧ṏ➢慹 Link REIT 2015 ℔䓐ḳ᷂ ㇨㚱偉䤐 ℞Ṿ峬ṏⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ 楁㷗ᷕ⋶䄌㮼 Hong Kong & China Gas 䓝傥⭆᷂ Power Assets Holdings ㈽峬㈽峬乬⎰炷井炸 Investments 6 9.12% 1.17% 1.82% 0.74% 0.63% 0.60% 0.51% 0.62% 0.33% 0.57% 0.64% 0.54% 2.63% 1.25% 6.24% 0.24% 4.76% 2.86% 3.18% 1.21% 1.70% 0.56% 0.45% 6.39% 0.41% 2.08% 0.32% 0.63% 0.77% 0.73% 3.22% 2.06% 0.74% 8.57% 0.76% 0.77% 0.81% 0.38% 0.27% 0.55% 1.91% 0.66% 0.60% 34.48% 10.12% 44.11% Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 㷗⃫ (HKD) ( 7,634,880 5,527,400 9,660,384 7,401,350 8,860,920 6,264,660 27,533,792 42,725,807 17,392,402 14,823,800 14,111,942 11,985,006 14,637,000 13,310,443 15,089,277 12,723,600 61,796,250 29,409,150 67,112,699 74,692,800 28,497,150 39,888,456 13,025,050 10,507,000 48,858,526 14,780,480 17,953,349 17,027,500 75,683,816 48,323,000 17,345,959 17,767,500 18,051,600 19,074,240 12,941,886 44,893,500 15,545,160 14,130,250 ⶪῤ Market Value 214,027,450 808,736,997 146,553,593 237,550,769 111,795,438 149,966,750 201,359,730 ⿺䓇㊯㔘➢慹

1,035,648,683 Hang Seng Index Fund

6.41% 4.20%

Holdings 482,000 561,111 353,540 290,000 552,000 910,500 745,400 188,100 337,000 664,476 336,162 575,000 284,435 641,000 196,000 389,001 273,000 296,054 836,000 664,476 794,000 316,000 358,501 595,600 145,000 2,963,000 1,660,000 1,785,000 1,312,667 3,386,326 2,152,525 1,511,000 1,006,720 1,471,586 1,225,000 4,393,000 1,831,000 5,962,400 1,776,000 1,440,800 5,190,000 1,383,500

19,541,900 20,699,660 18,148,610 ➢慹ấ桅㔘䚖

150,372,250 98,491,176

Financial assets at fair value through profit or loss Hong Kong Stock Exchange Listed Equities as at 30 June 2015 㖍 30 㚰 6 Properties Finance Commerce & Industry

⸜ Investment Portfolio (continued) ⛘ṏ 慹圵 ⹟ⶰ‭ Tingyi 2015 ㊱℔⸛ẟῤ↿ℍ㓞ℍㆾḷ㌇䘬慹圵峬ṏ 楁㷗Ṍ㖻㇨ᶲⶪ偉䤐 ⶍ⓮ ⋶㵎伖⛘ China Resources Land ᷕ⚥㴟⢾⍹⯽ China Overseas Land & Investment 攧㰇⭆᷂⛘ṏ Cheung Kong Property Holdings ᷕ⚥撞埴 Bank of China Ṍ忂撞埴 Bank of Communications ᷄Ṃ撞埴 Bank of East Asia ⍳恎ᾅ昑㍏偉 AIA Group ⚥㲘凒䨢 Cathay Pacific Airways 䘦ᷥ⚥旭 Belle International ⿺昮⛘ṏ Hang Lung Properties ᷕ撞楁㷗 BOC Hong Kong ᷕ⚥㖢㖢 Want China ᾉ␴伖᷂ Sino Land 㕘ᶾ䓴⍹⯽ New World Development ⿺➢⃮᷂⛘ṏ Henderson Land Development ⿺䓇撞埴 Hang Seng Bank ᷕ⚥⺢学撞埴 China Construction Bank ᷕ⚥Ṣ⮧ᾅ昑 China Life Insurance ᷕ⚥呁䈃 China Mengniu Dairy ᷕ⚥ⶍ⓮撞埴 Industrial and Commercial Bank of China ᷕ⚥⸛⬱ᾅ昑 Ping An Insurance 㯯ᷘ㍏偉 HSBC Holdings 楁㷗Ṍ㖻⍲乻䬿㇨ Hong Kong Exchanges & Clearing ⋶㵎⇃᷂ China Resources Enterprise ㊃⓮⯨⚥旭 China Merchants Holdings International ᷕ⚥䦣≐ China Mobile ᷕ⚥䞛㱡⊾ⶍ China Petroleum & Chemical 㕘淧➢⛘ṏ Sun Hung Kai Properties ḅ潁ṻ普⚊ Wharf (Holdings) ᷕ⚥䤆⋶傥㸸 China Shenhua Energy ᷕ⚥俼忂 China Unicom ᷕ⚥ᷕᾉ Citic 攧㰇␴存⭆᷂ CK Hutchison Holdings ᷕ⚥㴟㲳䞛㱡 CNOOC 撞㱛⧙᷸ Galaxy Entertainment ⿺⬱⚥旭 Hengan International 㖮ṹ傥㸸 Kunlun Energy ⇑ᷘ Li & Fung 楁㷗摩嶗 MTR Corporation 俼゛普⚊ Lenovo Group ᷕ⚥䞛㱡⣑䃞㮼 PetroChina 慹㱁ᷕ⚥ Sands China ⣒⎌ "A" Swire Pacific 儦字㍏偉 Tencent Holdings ㈽峬㈽峬乬⎰炷井炸 Investments 0.40% 0.14% 0.65% 5.17% 0.43% 0.25% 0.24% 1.44% 1.58% 0.23% 0.28% 1.36% 0.37% 0.83% 0.50% 0.18% 0.54% 0.27% 0.39% 0.90% 0.41% 0.55% 0.43% 0.79% 1.04% 0.57% 0.77% 0.81% 0.42% 0.69% 0.57% 1.25% 0.31% 0.36% 0.53% 0.85% 0.69% 1.08% 0.75% 1.93% 0.11% 0.49% 3.35% 0.17% 0.18% 0.38% 0.23% 12.44% Unitholders ttributable to A % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 㷗⃫ (HKD) ( 701,440 245,340 755,580 438,590 427,570 410,640 487,860 647,900 874,560 308,610 936,560 465,880 675,026 713,900 969,435 749,744 726,000 999,810 536,750 636,642 926,000 189,600 852,600 289,960 322,180 667,740 399,300 9,039,520 1,131,600 2,523,350 2,757,760 2,386,200 1,455,270 1,576,840 1,388,640 1,818,915 1,003,680 1,349,040 1,414,700 1,201,500 1,883,000 2,194,075 1,483,200 5,856,980 1,212,800 1,315,950 3,385,669 21,799,966 ⶪῤ Market Value

0.52%

⿺䓇ᷕ✳偉㊯㔘➢慹 Hang Seng MidCap Index Fund 8,000 24,600 30,500 59,000 54,500 48,000 50,300 73,500 81,000 44,000 64,000 70,000 78,500 12,520 47,000 94,000 92,000 38,000 44,000 93,000 66,000 37,600 31,648 67,500 116,400 190,000 158,000 169,000 193,500 132,000 152,850 136,000 154,000 813,000 556,000 229,000 283,000 110,000 200,000 470,000 120,000 140,000 121,568 161,000 178,000 160,000 Holdings ➢慹ấ桅㔘䚖

916,000

as at 30 June 2015 㖍 Consumer Services 30 㚰 6 Financials Energy Industrials

⸜ Investment Portfolio (continued) ↌↘⌓奮㍏偉 Phoenix Satellite Television Holdings 䓝奮⸧㑕 TVB ⇑䤷⚥旭 LifeStyle 㽛斐≙樷⇃⺢ Macau Legend Development 㕘㾈⚥旭⍹⯽ Melco International Development ᷕ⚥Ṣ㮹ᾅ昑 People's Insurance Company 㕘淧➢ Sun Hung Kai 撞㲘⓮᷂普⚊ Intime Retail Group 㕘⋶Ṣ⮧ᾅ昑 New China Life Insurance 慹渘⓮峠普⚊ Golden Eagle Retail Group 㴟⣑⚥旭 Haitian International ⎰␴℔嶗➢⺢ Hopewell Highway Infrastructure 㰇剷⬩㱒檀忇℔嶗 Jiangsu Expressway ▱慴䈑㳩俼仹 Kerry Logistics Network ⺢㹼⊾ⶍ Kingboard Chemical 㴟忂孩⇠ Haitong Securities 楁㷗ᷕ㕭 China Travel ᷕ⚥⚥旭㴟彸普塭䭙 China Int'l Marine Containers ᷕ径⣒⸛㲳 COSCO Pacific ᷕ⚥⋿弎 CSR Corporation ᾅ⇑⋷搓傥㸸 GCL Poly Energy 檀撞慹圵 Goldin Financial 旧慴⶜⶜⼙᷂普⚊ Alibaba Pictures Group 䤆ⶆ䦇弎 CAR ᷕ⚥᷄㕡凒䨢 China Eastern Airlines ᷕ⚥径㲳 China COSCO 慹圵傥㸸 ᷕ⚥⃱⣏ China Everbright ᷕᾉ孩⇠ CITIC Securities ⣏㕘撞埴 Dah Sing Banking Group ⣏㕘慹圵 Dah Sing Financial 径᷄⬷ᾉ Far East Horizon ᷕ㴟㱡䓘㚵≉ China Oilfield Services ⃱㯯䞛㱡 Brightoil Petroleum ᷕ⚥ᷕ䄌傥㸸 China Coal Energy ᷕ普⬱䐆䥹㍏偉 CIMC Enric Holdings ⶍ᷂ ᷕ⚥⚥旭凒䨢 Air China ᷕ⚥凒䨢䥹㈨ⶍ᷂ AviChina Industry & Technology ᷕ⚥㴟坢⇃᷂㍏偉 China Conch Venture Holdings 2015 ㈽峬㴰峡侭㚵≉ ᷕ⚥⃱⣏撞埴 China Everbright Bank ᷕ⚥⣒⸛ᾅ昑 China Taiping Insurance ⇃ℜ撞埴 Chong Hing Bank 慵⸮⅄㛹⓮᷂撞埴 Chongqing Rural Commercial Bank Investments ㈽峬乬⎰炷井炸椾摊䤷Ⱉ峬㸸 Shougang Fushan Resources ᷕ䞛⊾䁤⊾ⶍ䦳 SINOPEC Engineering ᷕ䞛⊾ⅈ⽟ Sinopec Kantons ⃾ⶆ䄌᷂ Yanzhou Coal Mining 7 0.87% 1.67% 0.58% 0.93% 0.44% 0.28% 1.69% 0.17% 0.19% 0.97% 0.14% 1.14% 0.57% 0.72% 0.48% 0.29% 0.81% 0.46% 0.16% 0.18% 0.12% 1.28% 0.45% 0.17% 0.44% 0.56% 0.85% 0.10% 0.15% 0.38% 0.38% 0.65% 0.22% 0.50% 0.30% 0.21% 0.45% 0.60% 0.10% 0.90% 1.15% 1.76% 0.59% 1.70% 0.75% 0.40% 0.20% 0.34% 25.06% Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 㷗⃫ (HKD) ( 766,100 493,350 289,500 335,825 249,860 847,080 504,990 807,045 283,475 306,450 212,100 786,318 294,500 761,100 973,100 168,980 264,325 661,175 662,650 389,632 867,000 532,340 361,200 787,440 171,140 693,550 357,280 593,090 2,957,450 1,521,900 2,926,000 1,019,560 1,635,300 1,700,520 1,996,800 1,005,873 1,257,315 1,410,000 2,234,400 1,491,000 1,137,100 1,054,080 1,583,400 2,016,000 3,086,720 1,035,000 2,971,800 1,317,400 43,863,313 ⶪῤ Market Value

⿺䓇ᷕ✳偉㊯㔘➢慹 Hang Seng MidCap Index Fund 77,000 62,000 75,000 86,500 57,500 48,000 62,000 52,500 37,000 48,500 29,000 51,200 50,000 43,000 86,000 86,000 89,600 28,000 97,000 26,500 78,000 71,000 66,500 13,500 48,800 42,000 22,000 25,000

395,000 115,000 222,000 192,000 138,550 192,250 150,000 470,000 142,000 181,000 430,000 137,000 890,000 210,000 177,900 224,000 117,000 127,000 136,000 Holdings ➢慹ấ桅㔘䚖

Hong Kong Stock Exchange Listed Equities as at 30 June 2015 㖍 Consumer Goods 30 Conglomerates 㚰 6

⸜ Investment Portfolio (continued) 攧❶㰥弎 Great Wall Motor ⸧ⶆ㰥弎 Guangzhou Automobile ⋶⭅⚥旭 Huabao International Holdings ⇑㞯⑩䇴 Global Brands Group ⚥伶䓝☐ Gome Electrical Appliances ᷕ⚥㬋忂㰥弎㚵≉ China ZhengTong Auto Services 䞛北普⚊ CSPC Pharmaceutical ⣏㖴埴 Dah Chong Hong ᷄桶㰥弎 Dongfeng Motor ⿅㌟䍗䎫 Esprit 䫔ᶨ⣒⸛ First Pacific ⎱⇑㰥弎 Geely Auto ᷕ⚥䍘ẋ䈏᷂ China Modern Dairy ᷕ⚥䤆⦩北᷂普⚊ China Shineway Pharmaceutical Group ⬱嶷ỻ做䓐⑩ Anta Sports Products ⊿Ṕ㰥弎 BAIC Motor Corporation ⭅ᾉ㰥弎 Baoxin Auto ⎰䓇⃫⚥旭 Biostime International 㲊⎠䘣⚥旭 Bosideng International 㭼Ṃ徒 BYD ᷕ⚥䱖㱡 China Agri-Industries ᷕ⚥梇⑩ China Foods ᷕ⚥弱Ⱉḛ᷂ China Huishan Dairy ⹟⒚北᷂ China Medical System ᾉ⽟普⚊ Shun Tak Holdings ᶲ㴟⭆᷂ Shanghai Industrial ⎰␴⭆᷂ Hopewell Holdings 2015 ㈽峬楁㷗Ṍ㖻㇨ᶲⶪ偉䤐交⎰ẩ᷂ 㴰峡⑩⇞忈 ᷕ⋯普⚊ Zhongsheng Group ℕ䤷普⚊ Luk Fook Holdings 产⎞⇞北普⚊ Luye Pharma Group 㓷⋶㍏偉 Man Wah Holdings 㓷⭆普⚊ Minth Group Ḻ⣒乢乯 Pacific Textiles 匶匶⚥旭 Sa International Ⱉ᷄⦩檀普⚊⋣䓐檀↮⫸⇞⑩ Shandong Weigao Group Medical Polymer ᶲ㴟⋣北 Shanghai Pharmaceuticals 䤆ⅈ㍏偉 Shenguan Holdings 䓛㳚⚥旭普⚊ Shenzhou International Group ᷕ⚥䓇䈑⇞北 Sino Biopharmaceutical ⚥北㍏偉 Sinopharm ⇃亜㔘䞩 Skyworth Digital ⇃䥹⭆᷂ Techtronic Industries 曺ⱃ┌惺 Tsingtao Brewery 亇ᶨẩ᷂ᷕ⚥ Uni-President China 亜彦⚥旭 Vinda International Holdings 晭⢓⇑⚥旭 Yashili International ⽟㖴䓝㛢 Johnson Electric ㈽峬乬⎰炷井炸 Investments 0.45% 0.44% 0.38% 0.34% 0.51% 0.33% 0.32% 0.41% 0.15% 0.22% 0.92% 0.22% 0.03% 0.37% 0.11% 0.10% 0.32% 0.74% 0.51% 1.63% 0.02% 0.32% 7.43% 0.43% 0.49% 0.47% 0.89% 1.85% 1.08% 0.69% 1.57% 0.22% 0.42% 1.33% 0.58% 0.20% 0.81% 0.21% 1.22% 19.06% Unitholders ttributable to A % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 㷗⃫ (HKD) ( 43,680 29,400 787,800 761,600 661,200 594,368 884,520 578,000 559,350 722,760 260,700 391,000 384,460 650,730 194,880 175,630 566,250 889,280 560,110 753,440 865,817 827,860 393,120 736,980 188,501 347,760 371,800 1,292,130 1,612,800 1,564,840 2,851,200 3,231,760 1,896,400 1,205,640 2,749,635 2,140,970 2,327,760 1,018,800 1,421,410

12,991,550 33,354,296 ⶪῤ Market Value 174,823,634 173,258,794 175,012,135

99.89% 99.00%

100.00% 0.11% 0.98%

⿺䓇ᷕ✳偉㊯㔘➢慹 Hang Seng MidCap Index Fund 20,000 56,500 66,000 50,000 48,000 94,000 28,000 99,500 56,000 91,000 12,000 79,000 89,700 76,000 44,100 27,500

156,000 120,000 270,167 220,500 108,000 224,000 512,318 796,000 151,000 168,000 174,000 307,000 264,000 272,000 220,000 204,000 106,000 366,000 173,000 108,000 Holdings 1,190,000 ➢慹ấ桅㔘䚖

1,711,476

)

㷗⃫ Hong Kong Listed Real Estate Investment Trust Net Assets Attributable to Unitholders as at 30 June 2015 Other Net Assets 㖍 Total cost of investments - HKD188,113,626 Total Investments 30 Total Equities Utilities Sunac China 㚰 6 ᷕ⚥ Soho China Telecommunications

⸜

⿣㈽峬ㆸ㛔 Investment Portfolio (continued) 圵⇃ᷕ⚥ 㶙⛛㍏偉 Shenzhen Investment 䐆⬱㇧⛘ṏ Shui On Land 径㲳⛘ṏ Sino-Ocean Land 渘⏃普⚊ Great Eagle 产❶ᷕ⚥ Greentown China ⸧ⶆ⭴≃⛘ṏ Guangzhou R&F Properties ⚥䐆伖᷂ Guorui Properties ⎰䓇⇃⯽ Hopson Development ⶴヶℜ᷂ Hysan Development ▱⋶⚥旭 K. Wah International Ἓ⃮᷂普⚊ Kaisa Group ⎰㘗㲘⭴⛘ṏ KWG Property 潁⃱⛘ṏ Logan Property 㖶⍹普⚊ Mingfa Group ᾅ⇑伖᷂普⚊ Poly Property Group Ṣ␴⓮᷂ Renhe Commercial SOHO ⋶傥⚥旭䓝≃ Huaneng Power International 㟹⽟⚥旭 Sound Global 㷗⋶䅫㮼 Towngas China 檀撞⛘ṏ Goldin Properties 潁㸸䓝≃普⚊ China Longyuan Power Group ᷕ⚥䓝≃⚥旭 China Power International Development ⣏Ⓒ⚥旭⍹䓝 Datang Power ( 㕡ℜ⛘ṏ Franshion Properties ⿣㈽峬ⶪῤ 崲䥨⛘ṏ Yuexiu Property ㇨㚱偉䤐楁㷗ᶲⶪ㇧⛘ṏ㈽峬ᾉ㈀➢慹 ⅈ⏃ṏ᷂ᾉ㈀ Champion Real Estate Investment Trust 伖⭴ṏ᷂ᾉ㈀ Fortune Real Estate Investment Trust ⊿㍏㯜≉普⚊ Beijing Enterprises Water Group ᷕ⚥⸧㟠䓝≃ CGN Power ℔䓐ḳ᷂ ⣏徆ᶯ彦⓮᷂⛘ṏ Dalian Wanda Commercial Properties 2015 ㈽峬 ᶯ䥹ẩ᷂ China Vanke 䓝字 ℞Ṿ峬ṏⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ ⎘㲍⚥旭 TCC International ␴存䓝字楁㷗 Hutchison Telecommunications Hong Kong 䓝字䙰䥹 PCCW 㔘䞩忂䓝字 SmarTone Telecommunications ㈽峬乬⎰炷井炸 Investments 8 0.29% 0.59% 1.36% 0.18% 0.37% 0.68% 4.40% 0.54% 0.32% 0.14% 0.51% 0.53% 0.41% 0.77% 1.44% 1.01% 0.82% 0.30% 2.20% 0.25% 1.35% 0.28% 0.25% 0.73% 0.35% 0.19% 0.54% 0.16% 0.25% 0.00% 0.00% 0.39% 0.14% 0.37% 6.31% 0.22% 0.78% 0.15% 0.16% 0.87% 0.92% 0.30% 0.41% 0.39% 0.55% 0.85% 0.86% 0.58% 12.87% Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) - - - 㷗⃫ (HKD) ( 513,563 320,790 643,200 947,800 567,600 243,360 895,700 930,600 725,120 517,420 432,000 488,744 443,836 607,620 328,800 949,200 281,240 435,210 675,250 249,075 654,225 382,800 267,240 278,100 530,250 708,736 690,360 961,450 7,698,210 1,030,400 2,382,100 1,198,470 1,341,960 2,511,000 1,773,040 1,436,680 3,851,200 2,366,400 1,281,060 1,358,280 1,516,700 1,603,100 1,483,040 1,505,280 1,008,780 22,538,443 11,018,096 ⶪῤ Market Value

0.36%

⿺䓇ᷕ✳偉㊯㔘➢慹 Hang Seng MidCap Index Fund 52,000 36,000 41,000 82,000 99,000 81,500 16,500 13,200 58,000 66,000 19,600 51,000 87,000 70,000 27,000 22,000 25,200 92,500 53,000 67,500 68,000 50,500 240,000 439,000 176,000 212,000 300,000 120,000 119,000 122,800 207,400 120,000 140,000 205,000 320,000 158,000 132,000 148,000 123,000 196,000 332,000 180,800 258,000 360,000 102,100 184,000 Holdings 1,886,000 ➢慹ấ桅㔘䚖

621,180

as at 30 June 2015 㖍 ⚥旭 ) BYD Electronic (International) 30 Information Technology Properties & Construction 㚰 Materials 6

⸜ Investment Portfolio (continued) 㟒㳚⋿弎㖞ẋ䓝㮼 Zhuzhou CSR Times Electric ᷕ俼慵䥹 Zoomlion Heavy Industry Science and Technology ⋶⋿❶ China South City 栢桶⃱䓝 Shunfeng Photovoltaic ᷕ⚥慵㰥 Sinotruk Hong Kong 凄⬯⃱⬎䥹㈨ Sunny Optical Technology 㻵㞜≐≃ Weichai Power ᾉᷱ䍣䐫 Xinyi Glass ᾉᷱ⃱傥㍏偉 Xinyi Solar Holdings 㶙⛛⚥旭 Shenzhen International ᷕ⚥摩⺢ China Railway Construction ᷕ⚥Ⱉ㯜㯜㲍 China Shanshui Cement ᷕ⚥㴟⢾⬷㲳 China Overseas Grand Oceans ᷕ⚥⺢㛸 China National Building Material ᷕ⚥俼⟹ China Liansu Group ᷕ⚥Ṍ忂⺢学 China Communications Construction ▱⸜⋶⚥旭㍏偉 Carnival Group International Holdings ⬱⽥㴟坢㯜㲍 Anhui Conch Cement ᷕᾉ峬㸸 Citic Resources 㰇大撄᷂ Jiangxi Copper 䎮㔯忈习 Lee & Man Paper Manufacturing Ḽ䞧峬㸸 MMG 䌾潁习᷂ Nine Dragons Paper ᷕ⊾⊾偍㍏偉 Sinofert Holdings 䙰⽟㮼ỻ Yingde Gases 䳓慹䞧᷂ Zijin Mining ᷕ⚥慹Ⰶℵ䓇峬㸸 China Metal Recycling ᷕ⚥⾈㖢 China Zhongwang ᷕ⚥㖕⃱檀㕘㛸㕁 China Lumena New Materials ᾉ〗䥹㈨ ⛘ṏ⺢䫹 ᷄㕡㴟⢾ Orient Overseas Int'l ᶲ㴟䓝㮼 Shanghai Electric 2015 ㈽峬⺢㹼䦗⯪㜧 Kingboard Laminates ⍇㛸㕁 ệ㖻彦 Vtech Holdings ᷕ⚥ᷕ摩 China Railway 慹Ⱉ弗ẞ Kingsoft Corporation ᷕ剗⚥旭普ㆸ䓝嶗⇞忈 Semiconductor Manufacturing International ᾉ⇑⚥旭 Truly International ᷕ⚥忂ᾉ㚵≉ China Communication Svs Corp 䤆ⶆ㔘䞩 Digital China ⭴⢓⹟ FIH Mobile ⋶嘡⋲⮤ỻ Hua Hong Semiconductor ASM Pacific Technology 㭼Ṃ徒䓝⫸ ( 旧慴‍⹟ᾉ〗㈨㛗 Alibaba Health Information Technology 晭⯭᷸⛘ṏ Agile Property ᷕ⚥⬷㠍普⚊ China Hongqiao Group ᷕ⚥撅᷂ Aluminum Corproration of China ㈽峬乬⎰炷井炸 Investments 1.54% 0.63% 1.29% 1.00% 1.89% 0.50% 1.14% 3.25% 0.75% 99.13% Unitholders % of Net Assets ttributable to A % of Net Assets # ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 偉㊯㔘➢慹 (HKD) Attributable to Unitholders 㷗⃫ ) H 㷗⃫ (HKD) ( 937,869,872 385,394,504 786,292,226 613,238,008 311,473,124 695,887,146 Market Value 610,929,196 458,161,076 8,691,874 ⶪῤ 1,894,702,940 1,153,053,078 1,981,646,179 Market Value 59,142,336,557 993,695,690 993,695,690 1,002,387,564 100.00% 0.87% 99.13%

⿺䓇ᷕ⚥

3.78% 96.90%

3.10% 1.10%

100.00%

0.82% 1.00%

Hang Seng China H-Share Index Fund # Holdings ˤ⎗ẀḰ㛔➢慹⍿㈀Ṣ䘬⍿㈀Ṣ峡䓐⍲宍➢慹⍿㈀Ṣ䘬⍿ Holdings 22,545,515 72,990,346 24,070,566 24,012,635 193,668,036 253,418,259 7,533,705 ➢慹ấ桅㔘䚖

668,683,299

499,466,807

➢慹ấ桅㔘䚖 )

㷗⃫ Other Net Assets Total cost of investments - Total Investments Properties & Construction Utilities Materials Telecommunications Dalian Wanda Commercial Properties 10,724,672

⿣㈽峬ㆸ㛔 ( ᷕ⚥⺢㛸 China National Building Material 52,577,695 ⬱⽥㴟坢㯜㲍 Anhui Conch Cement ᷕ⚥Ṍ忂⺢学 ⋶傥⚥旭䓝≃ Huaneng Power International 64,433,995 ᷕ⚥⸧㟠䓝≃ CGN Power 楁㷗ᶲⶪ㈽峬 ⍇㛸㕁 ⛘ṏ⺢䫹䓝字 ℔䓐ḳ᷂ ⿣㈽峬ⶪῤ ℞Ṿ峬ṏⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ HKD56,872,035,766 ᷕ⚥䓝ᾉ China Telecom ᷕ⚥ᷕ摩 China Railway 㰇大撄᷂ Jiangxi Copper 潁㸸䓝≃普⚊ ᶯ䥹ẩ᷂ China Vanke ⣏徆ᶯ彦⓮᷂⛘ṏ 0.51% China Communications Construction 80,850,851 5.46% 8.17% 1.65% 7.51% 5.12% 0.48% 1.23% 0.67% 1.80% 9.59% 1.07% 1.10% 1.70% 3.10% 1.01% 0.84% 1.17% 0.89% 2.12% 0.90% 0.54% 66.41% 10.19% ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ⶪῤ ( ttributable to Unitholders Hong Kong Listed Investment 楁㷗 Hong Kong 㲐ℴ炾ㆸ䩳⛘䁡 Place of Incorporation/ Registration A ) (HKD) 㷗⃫ )

㷗⃫ ⶪῤ ( 309,502,993 290,217,819 750,402,991 225,694,096 408,815,949 Market Value % of Net Assets 655,750,836 671,827,739 618,244,023 515,236,810 716,535,410 544,467,327 551,890,411 328,445,670 3,332,772,340 4,983,819,674 1,007,706,011 4,586,118,311 3,126,363,350 1,097,260,297 5,855,510,701 1,038,329,501 6,222,620,542 8,025,611,751 1,894,670,729 1,291,504,938 40,541,467,451

0.37% 693,489,736

13.15%

9.61% 4.85% 1.90% Net Assets Attributable to Unitholders 2.78% 61,037,039,497 0.94%

3.07% China Longyuan Power Group 57,942,785

ˤ䍘㖞➢慹䭉䎮Ṣ審⃵㛔➢慹䘬䭉䎮峡䓐炻军Ḷ宍➢慹䘬䭉䎮峡䓐ᷢ㊱峬ṏⅨῤ孉㭷⸜ 0.55% ˤ Holdings 6,578,172 䘬㈽峬乬⎰⤪ᶳ烉 58,795,555 11,696,398 48,746,025 14,163,085 21,782,380 20,442,051 47,600,952 37,493,798 62,062,234 49,542,001 18,856,195 40,420,309 83,834,988 33,075,724 30,158,245 385,291,600 163,059,225 135,884,987 159,839,720 127,752,410 1,234,646,933 ➢慹ấ桅㔘䚖㚰 30

5,864,991,755 2,961,069,069 1,157,769,734 1,696,769,860 571,355,325

1,872,587,360

ˬ宍➢慹˭ ) ⸜ 6 Net Assets Attributable to Unitholders 偉㊯㔘ᶲⶪ➢慹 ( Hong Kong Stock Exchange Listed Equities as at 30 June 2015 Other Net Assets 㖍 Total cost of investments - HKD970,855,250 Total Investments 30 Listed Investments Equity Fund Consumer Goods Consumer Services 㚰 6 偉㊯㔘ᶲⶪ➢慹Ḷ 2015 偉㊯㔘ᶲⶪ➢慹 * ⸜

Financials Energy ㈀Ṣ峡䓐䘬⿣␴⇁㚨檀ᷢ㊱峬ṏⅨῤ孉㭷⸜ 0.25% The Fund invested solely in unitsvalue per annum. The maximum aggregate trustee fee payable to the Trustee and of Underlying Fund are up 0.25% of the net asset value per annum. of the Hang Seng H-Share Index ETF (the "Underlying Fund"). Currently, the management fee of the Fund is waived by the Manager and the management fee of the underlying fund is 0.55% of the net asset Industrial and Commercial Bank of China 950,569,919 㛔➢慹⎒㈽峬Ḷ⿺䓇 H China Cinda Asset Management

⿣㈽峬ㆸ㛔宍➢慹䓙⿺䓇㈽峬䭉䎮㚱旸℔⎠䭉䎮ˤ # # Investment Portfolio (continued) ( 2015 ᶲⶪ㈽峬偉䤐➢慹 ⿣㈽峬ⶪῤ ℞Ṿ峬ṏⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ ⿺䓇 H The investment portfolio of the Hang Seng H-Share Index ETF as at 30 June 2015 was follows: ⿺䓇 H Hang Seng H-Share Index ETF * Investments ㈽峬乬⎰炷井炸㈽峬曺ⱃ┌惺 Tsingtao Brewery ᷕ㴟㱡䓘㚵≉ China Oilfield Services ᷕ⚥䞛㱡⣑䃞㮼 PetroChina 㕘⋶Ṣ⮧ᾅ昑 New China Life Insurance ᷕ⚥Ṣ㮹ᾅ昑 People's Insurance Companyᷕ⚥峊昑 PICC Property & Casualty ᷕ⚥⸛⬱ᾅ昑 Ping An Insurance 135,449,141 ᷕᾉ撞埴 China CITIC Bank ᷕ⚥Ṣ⮧ᾅ昑 China Life Insurance ⸧ⶆ㰥弎 Guangzhou Automobile ⚥北㍏偉 Sinopharm ㊃⓮撞埴 China Merchants Bank ᷕ⚥ᷕ䄌傥㸸 China Coal Energy 楁㷗ᶲⶪ㈽峬 ᷕ⚥⺢学撞埴 China Construction Bank 828,388,666 ᷕ⚥䞛㱡⊾ⶍ China Petroleum & Chemicalᷕ⚥䤆⋶傥㸸 China Shenhua Energy 442,611,221 * * Fund managed by Hang Seng Investment Management Limited. 慹圵 ᷕ⚥㮹䓇撞埴 China Minsheng Banking 113,953,714 ᷕ⚥⣒⸛㲳ᾅ昑 China Pacific Insuranceᷕᾉ孩⇠ CITIC Securities 45,612,093 㴟忂孩⇠ Haitong Securities ᷕ⚥ⶍ⓮撞埴 ᷄桶㰥弎 Dongfeng Motor 攧❶㰥弎 Great Wall Motor 㭼Ṃ徒 BYD 楁㷗Ṍ㖻㇨ᶲⶪ偉䤐㴰峡⑩⇞忈㴰峡侭㚵≉ 傥㸸 ᷕ⚥⅄᷂撞埴 Agricultural Bank of Chinaᷕ⚥撞埴 Bank of China Ṍ忂撞埴 Bank of Communications 449,061,717 ᷕ⚥ᾉ彦峬ṏ䭉䎮 Hong Kong Listed Investment ᷕ⚥⚥旭凒䨢 Air China 9 2.24% 0.89% 0.79% 1.53% 0.56% 1.62% 7.65% 0.71% 1.13% 1.51% 0.50% 1.67% 1.03% 0.48% 3.74% 3.62% 0.96% 3.74% 9.36% 0.21% 0.39% 6.34% 10.80% 10.87% 12.54% 98.91% Unitholders % of Net Assets Attributable to % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ # ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) (HKD) Attributable to Unitholders 㷗⃫ ) 㷗⃫ (HKD) ( 988,800 431,360 797,580 4,591,640 1,818,600 1,620,000 3,127,946 1,153,040 3,300,029 1,009,489 1,459,334 2,296,800 3,093,120 3,405,500 2,104,515 1,012,310 7,634,166 7,402,175 1,955,000 7,637,959 22,046,550 15,618,575 22,216,361 19,123,241 25,618,100 12,938,669 203,222,682 Market Value 1,533,100 ⶪῤ Market Value 138,839,426 140,372,526 ⿺䓇ᷕ⚥㊯㔘➢慹 98.91% 100.00%

1.09%

99.51% 100.00%

0.49%

0.70%

Hang Seng China Index Fund # 炻㬌⢾炻⍿㈀ṢṎ審⃵㛔➢慹䘬⍿㈀Ṣ峡䓐炻军Ḷ 84,000 53,652 84,500 80,000 Holdings 150,000 256,389 245,000 176,850 284,000 171,000 725,281 157,366 672,925 883,001 198,000 288,000 123,615 128,000 500,000 126,000 680,452 680,452 138,839,426 Holdings ➢慹ấ桅㔘䚖

1,431,270

➢慹ấ桅㔘䚖 )

㷗⃫ Oil & Gas Other Net Assets Total cost of investments - Total Investments Telecommunications Utilities Industrials Technology

⿣㈽峬ㆸ㛔 ᷕ⚥俼忂 China Unicom ᷕ⚥䓝ᾉ China Telecom ᷕ⚥俼忂 China Unicom ᷕ⚥䦣≐ China Mobile ᷕ⚥䓝ᾉ China Telecom ᷕ⚥䦣≐ China Mobile ℔䓐ḳ᷂ ( ᷕ㴟㱡䓘㚵≉ China Oilfield Services 楁㷗ᶲⶪ㈽峬 ⶍ᷂ 䞛㱡⍲⣑䃞㮼䥹㈨䓝字㚵≉ ⿣㈽峬ⶪῤ ℞Ṿ峬ṏⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ HKD169,840,071 ⬱⽥㴟坢㯜㲍 Anhui Conch Cement ᷕ⚥Ṍ忂⺢学儦字㍏偉 Tencent Holdings ᷕ⚥ᷕ摩 China Railway ᷕ⚥⅞慹䥹ⶍ ᶲ㴟䓝㮼 Shanghai Electric Group ᷕ⚥摩⺢ China Railway Construction ᷕ⚥ᷕᾉ CITIC ᷕ⚥ᷕ弎 CRRC Corporation ᷕ⚥㴟㲳䞛㱡 CNOOC 㯱傥唬兄⍹䓝 Hanergy Thin Film Power ᷕ⚥䞛㱡⣑䃞㮼 PetroChina ᷕ⚥䞛㱡⊾ⶍ China Petroleum & Chemical 1,141,131 俼゛普⚊ Lenovo Group 0.37% 1.29% 0.72% 6.57% 2.10% 2.32% 1.46% 0.55% 1.27% 1.45% 0.81% 4.34% 4.29% 1.32% 1.59% China Communications Construction 0.33% 1.47% 3.72% Metallurgical Corporation of China 0.70% 0.89% 5.87% 1.43% 2.36% 0.86% 2.27% 8.68% 0.35% 1.03% 0.0066 䘬峬ṏⅨῤ䘦↮㭼 ⶪῤ ( ⌈➢慹ấ桅㊩㚱Ṣ ttributable to Unitholders Hong Kong Listed Investment 楁㷗 Hong Kong 㲐ℴ炾ㆸ䩳⛘䁡 Place of Incorporation/ Registration A ) (HKD) 㷗⃫ ) 1352000 754,435 683,550 718,320 2,624,000 1,467,990 4,297,418 4,731,277 2,973,283 1,119,996 2,596,373 2,960,299 1,662,170 8,867,671 8,763,255 2,691,515 3,242,485 2,993,250 7,583,287 1,419,775 1,818,262 2,909,673 4,809,607 1,749,600 4,640,526 2,096,213 13,426,681 17,734,791 㷗⃫ 11,985,790 ⶪῤ ( Market Value % of Net Assets 104,267,270 ˤ䍘㖞➢慹䭉䎮Ṣ審⃵㛔➢慹䘬䭉䎮峡䓐炻军Ḷ宍➢慹䘬䭉䎮峡䓐ᷢ㊱峬ṏⅨῤ孉㭷⸜ 0.55% 51.06% Net Assets Attributable to Unitholders 204,232,171

0.69%

0.27%

㖍䘬㈽峬乬⎰⤪ᶳ烉㚰 30 ˤ 52,522 30,500 58,700 12,100 35,900 82,000 84,696 47,849 32,500 Holdings 128,000 147,020 119,000 152,235 147,000 115,522 118,222 339,193 130,000 172,990 291,368 259,652 205,333 360,108 405,000 ˬ宍➢慹˭ ) 2,179,656 2,378,133 2,504,914 1,153,383 ⸜ 6 ➢慹ấ桅㔘䚖

1,412,672

550,970

Net Assets Attributable to Unitholders ㊯㔘ᶲⶪ➢慹 ( ㊯㔘ᶲⶪ➢慹Ḷ 2015 ㊯㔘ᶲⶪ➢慹 * Hong Kong Stock Exchange Listed Equities as at 30 June 2015 Other Net Assets 㖍 Total cost of investments - HKD121,058,405 Total Investments 30 Listed Investments Equity Fund Consumer Goods Consumer Services 㚰 Basic Materials 6 ⸜

Financials Dalian Wanda Commercial Properties China Overseas Land & Investment 宍➢慹䘬⍿㈀Ṣ峡䓐⇁ᷢ㊱峬ṏⅨῤ孉㭷⸜ 0.05% The Fund invested solely in unitsasset value per annum, in addition, the trustee fee of Fund is waived by Trustee and Underlying Fund is 0.05% of the net asset value per annum. of the Hang Seng FTSE China 50 Index ETF (the "Underlying Fund"). Currently, the management fee of the Fund is waived by the Manager and the management fee of the Underlying Fund is 0.55% of the net 㛔➢慹⎒㈽峬Ḷ⿺䓇⭴㖞ᷕ⚥ 50 China Cinda Asset Management

⿣㈽峬ㆸ㛔宍➢慹䓙⿺䓇㈽峬䭉䎮㚱旸℔⎠䭉䎮ˤ # # Investment Portfolio (continued) ( The investment portfolio of the Hang Seng FTSE China 50 Index ETF as at 30 June 2015 was follows: 2015 ᶲⶪ㈽峬偉䤐➢慹 ⿣㈽峬ⶪῤ ℞Ṿ峬ṏⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ ⿺䓇⭴㖞ᷕ⚥ 50 Hang Seng FTSE China 50 Index ETF * ⿺䓇⭴㖞ᷕ⚥ 50 Investments ㈽峬乬⎰炷井炸㈽峬 ᷕ⚥ⶍ⓮撞埴 ICBC 㴟忂孩⇠ Haitong Securities ⣏徆ᶯ彦⓮᷂⛘ṏ ᷕ⚥⣒⸛㲳ᾅ昑 China Pacific Insurance ᷕᾉ孩⇠ CITIC Securities ⋶㵎伖⛘ China Resources Land ᷕ⚥㴟⢾⍹⯽ ᷕ⚥㮹䓇撞埴 China Minsheng Banking ᶯ䥹ẩ᷂ China Vanke 㕘⋶Ṣ⮧ᾅ昑 New China Life Insurance ᷕ⚥峊昑 PICC Property & Casualty 楁㷗ᶲⶪ㈽峬 ᷕ⚥Ṣ㮹ᾅ昑 People's Insurance Company 284,813 ᷕ⚥⸛⬱ᾅ昑 Ping An Insurance ᷕ⚥ᷕ䄌傥㸸 China Coal Energy ᷕ⚥䤆⋶傥㸸 China Shenhua Energy ᷕ⚥⺢学撞埴 China Construction Bank ᷕ⚥⃱⣏撞埴 China Everbright Bank * * Fund managed by Hang Seng Investment Management Limited. 㭼Ṃ徒 BYD ᷄桶㰥弎 Dongfeng Motor 攧❶㰥弎 Great Wall Motor ⿺⬱⚥旭 Hengan International 楁㷗Ṍ㖻㇨ᶲⶪ偉䤐 ➢䟨㛸㕁䓇㳣㴰峡⑩ 㴰峡侭㚵≉ 慹圵 ᷕ⚥⅄᷂撞埴 Agricultural Bank of China ᷕ⚥撞埴 Bank of China Ṍ忂撞埴 Bank of Communications ᷕ⚥ᾉ彦峬ṏ䭉䎮 Hong Kong Listed Investment ᷕ⚥Ṣ⮧ᾅ昑 China Life Insurance ㊃⓮撞埴 China Merchants Bank ᷕ⚥⚥旭凒䨢 Air China ᷕᾉ撞埴 China CITIC Bank 2.30% 0.25% 1.55% 2.39% 4.84% 2.50% 0.31% 1.74% 2.53% 0.92% 2.57% 1.82% 2.99% 0.67% 1.65% 1.01% 0.33% 30.43% Unitholders ttributable to A % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) ㊯㔘➢慹㷗⃫ 50 (HKD) ( 528,664 648,233 678,519 4,791,225 3,219,143 4,955,000 5,179,775 3,614,328 5,222,959 1,906,770 5,320,596 3,767,221 4,937,502 6,190,711 3,127,271 1,383,558 3,415,012 2,097,180 3,788,694 63,084,590 10,036,760 ⶪῤ Market Value

3.13%

0.21% 1.42% 0.75% 2.38%

0.88% 0.63% 1.51% 1.23% 0.63% 1.19% 1.87% 1.97% 0.30% 0.79% 1.16% 0.63% 2.80%

0.47% 1.36% 1.83% ⿺䓇䤆ⶆ Hang Seng China 50 Index Fund 9,400 8,100 98,100 97,800 68,700 45,300 50,600 19,850 230,052 158,350 138,400 119,630 184,800 244,600 488,290 Holdings ➢慹ấ桅㔘䚖

432,465 2,939,746 1,565,291 1,830,934 1,296,337 2,542,927 1,296,474 2,467,196 3,885,074 4,078,067 617,464 1,632,741 2,412,674 1,310,072 5,814,792 6,481,245

969,537 2,819,157 Shanghai Stock Exchange Listed Equities Shenzhen Stock Exchange Listed Equities Henan Shuanghui Investment and Development - A Share 偉 China Pacific Insurance - A Share PetroChina - A Share Ping An Insurance - A Share Gree Electric Appliances - A Share 偉 Industrial and Commercial Bank of China - A Share China Petroleum & Chemical - A Share China Shenhua Energy - A Share偉 Agricultural Bank of China - A Share China Construction Bank - A Share China Everbright Bank - A Share China Life Insurance - A Share China Minsheng Banking - A Share 288,470 49,800 532,600 183,400 360,500 33,500 522,208 China Shipbuilding Industry - A Share Shanghai International Port - A Share AnHui Conch Cement - A Share 36,200 偉偉偉 Kweichow Moutai - A Share 9,138 偉偉偉偉偉偉偉偉偉偉 as at 30 June 2015 Industrial Bank - A Share Shanghai Pudong Development Bank - A Share CITIC Securities - A Share Haitong Securities - A Share Great Wall Motor - A Share 偉 SAIC Motor - A Share 55,470 China Yangtze Power - A Share 99,550 Huaneng Power - A Share 74,000 Bank of China - A Share Bank of Communications - A Share China CITIC Bank - A Share China Merchants Bank - A Share 396,368 636,300 64,140 248,771 Daqin Railway - A Share China State Construction Engineering - A Share 271,700 㖍偉偉 BYD Company - A Share 偉偉偉偉偉偉偉偉偉偉偉偉 Consumer Goods Consumer Goods 30 偉 Properties & Construction Utilities 㚰 6 Energy Financials Industrials

⸜ Investment Portfolio (continued) ℜ᷂撞埴 - A ᷕ⚥⸛⬱ᾅ昑 - A 㴎⍹撞埴 - A 䎈㴟㟤≃䓝☐ - A 㱛⋿⍴㯯㈽峬⍹⯽ - A ᷕ⚥⣒⸛㲳ᾅ昑 - A ᷕᾉ孩⇠ - A 㴟忂孩⇠ - A ᷕ⚥ⶍ⓮撞埴 - A 攧❶㰥弎 - A 峝ⶆ劭⎘惺 - A ᶲ㴟㰥弎 - A 㭼Ṃ徒 - A 2015 ㈽峬 ᶲ㴟孩⇠Ṍ㖻㇨ᶲⶪ偉䤐㴰峡⑩⇞忈㴰峡⑩⇞忈攧㰇䓝≃ - A ⋶傥⚥䓝 - A 傥㸸慹圵 ⶍ᷂ Investments ⛘ṏ⺢䫹 ℔䓐ḳ᷂ ᷕ⚥䞛㱡⊾ⶍ - A ᷕ⚥䤆⋶傥㸸 - A ᷕ⚥䞛㱡⣑䃞㮼 - A ᷕ⚥⅄᷂撞埴 - A ᷕ⚥撞埴 - A Ṍ忂撞埴 - A ᷕᾉ撞埴 - A ᷕ⚥⺢学撞埴 - A ᷕ⚥⃱⣏撞埴 - A ᷕ⚥Ṣ⮧ᾅ昑 - A ㊃⓮撞埴 - A ᷕ⚥㮹䓇撞埴 - A 㶙⛛孩⇠Ṍ㖻㇨ᶲⶪ偉䤐 ᷕ⚥凡凞慵ⶍ - A ⣏䦎摩嶗 - A ᶲ㴟⚥旭㷗≉ - A ᷕ⚥⺢䫹 - A ㈽峬乬⎰炷井炸 ⬱⽥㴟坢㯜㲍 - A 10 0.36% 0.53% 2.73% 2.66% 0.30% 4.41% 0.78% 7.30% 0.67% 0.12% 0.27% 0.38% 0.71% 0.58% 2.49% 1.01% 0.61% 0.90% 0.33% 1.77% 5.82% 0.61% 0.55% 2.23% 8.45% 0.31% 0.17% 1.90% 5.91% 1.11% 0.24% 3.94% 0.68% 0.53% 5.85% 1.57% 0.58% 1.00% 0.33% 0.37% 0.29% 26.13% Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) ㊯㔘➢慹㷗⃫ 50 (HKD) ( 739,040 252,472 561,600 680,600 628,875 798,000 633,600 504,876 353,400 777,600 609,120 680,000 1,106,399 5,653,800 5,521,622 9,141,933 1,610,400 1,390,000 1,473,600 1,197,200 2,084,873 1,271,219 1,867,440 5,163,750 3,667,600 1,274,000 1,145,733 4,628,009 3,949,000 2,297,400 1,418,727 8,173,872 1,108,692 3,259,368 1,211,080 2,064,150 54,186,142 15,141,775 12,087,048 17,512,040 12,257,375 12,120,252 ⶪῤ Market Value

0.29%

⿺䓇䤆ⶆ Hang Seng China 50 Index Fund 62,650 54,000 33,200 22,500 13,000 21,000 16,000 40,000 54,000 92,251 26,461 45,556 30,200 50,200 76,000 68,500 25,000 72,000 84,000 132,000 100,000 146,000 424,000 280,000 113,200 359,000 123,500 149,000 153,000 179,400 125,120 175,585 141,000 487,200 495,000 Holdings 1,621,800 1,484,080 1,711,900 ➢慹ấ桅㔘䚖

605,150

Hong Kong Stock Exchange Listed Equities as at 30 June 2015 㖍 Consumer Goods 30 Conglomerates Information Technology Properties & Construction Utilities 㚰 6 Energy Financials Telecommunications

⸜ Investment Portfolio (continued) ᷕ⚥峊昑 PICC Property & Casualty ᷕ⚥⸛⬱ᾅ昑 Ping An Insurance 㴟忂孩⇠ Haitong Securities ᷕ⚥Ṣ㮹ᾅ昑 People's Insurance Company ␐⣏䤷䎈⭅ Chow Tai Fook Jewellery ᷄桶㰥弎 Dongfeng Motor 攧❶㰥弎 Great Wall Motor ⿺⬱⚥旭 Hengan International ⹟ⶰ‭ Tingyi ㊃⓮撞埴 China Merchants Bank ᷕ⚥㮹䓇撞埴 China Minsheng Banking ᷕ⚥⣒⸛㲳ᾅ昑 China Pacific Insurance ᷕᾉ孩⇠ CITIC Securities ᷕ⚥ⶍ⓮撞埴 Industrial and Commercial Bank of China ᷕ⚥Ṣ⮧ᾅ昑 China Life Insurance ᷕ⚥俼忂 China Unicom ᶯ䥹ẩ᷂ China Vanke ᷕ⚥ᷕᾉ CITIC 㭼Ṃ徒 BYD ᷕ⚥㖢㖢 Want China ᷕ⚥䞛㱡⣑䃞㮼 PetroChina ᷕ⚥䓝ᾉ China Telecom 2015 ㈽峬楁㷗Ṍ㖻㇨ᶲⶪ偉䤐交⎰ẩ᷂ 儦字㍏偉 Tencent Holdings ⋶㵎伖⛘ China Resources Land 㴰峡⑩⇞忈 ᾉ〗䥹㈨ Investments ⛘ṏ⺢䫹 ⋶傥⚥旭䓝≃ Huaneng Power International 傥㸸慹圵䓝字 ℔䓐ḳ᷂ Ṍ忂撞埴 Bank of Communications ᷕ⚥ᾉ彦峬ṏ䭉䎮 China Cinda Asset Management ᷕ⚥⺢学撞埴 China Construction Bank ᷕ⚥⃱⣏撞埴 China Everbright Bank ᷕ⚥䤆⋶傥㸸 China Shenhua Energy ᷕ⚥㴟㲳䞛㱡 CNOOC ᷕ⚥撞埴 Bank of China ᷕ⚥䞛㱡⊾ⶍ China Petroleum & Chemical ᷕ⚥⅄᷂撞埴 Agricultural Bank of China ᷕ⚥䦣≐ China Mobile ⬱⽥㴟坢㯜㲍 Anhui Conch Cement ᷕ⚥㴟⢾⍹⯽ China Overseas Land & Investment ㈽峬乬⎰炷井炸 ᷕᾉ撞埴 China CITIC Bank 0.65% 3.26% 9.68% 2.42% 5.95% 0.38% 1.14% 7.47% 3.36% 2.01% 2.18% 2.19% 0.47% 1.00% 1.23% 0.39% 0.74% 9.38% 2.23% 1.89% 7.14% 5.85% 9.43% 10.15% 50.31% Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 㷗⃫ (HKD) ( (35,485) 389,200 880,540 227,200 682,150 279,200 599,300 737,554 235,200 440,640 7,657,140 1,954,150 5,791,440 1,449,800 3,563,248 4,472,598 2,011,561 1,205,687 1,306,312 1,312,800 5,616,255 1,333,200 1,131,200 4,276,512 3,502,080 6,077,796 5,642,560 59,890,883 59,855,398 30,118,513 ⶪῤ Market Value 0.17% 10.61% 0.59% 1.51% 100.06% 7.70%

(0.06%) 10.70% 12.80% 0.70% 0.45% 1.03% 1.48%

100.00%

⿺䓇⎗㊩井⍹⯽ẩ᷂㊯㔘➢慹 2,500 8,000 8,000 7,000 8,800 7,000 64,000 84,000 60,500 22,000 41,400 68,000 14,000 17,000 53,349 80,339 31,284 16,000 26,000 34,000 31,284 86,640 28,000 48,000 13,903 12,800 20,000 915,000 Holdings 818,000 916,000 Hang Seng Corporate Sustainability Index Fund ➢慹ấ桅㔘䚖 99,125 6,352,000 350,400 902,160 4,611,600

6,404,580 418,200 266,840 613,700

)

㷗⃫ Net Assets Attributable to Unitholders Hong Kong Stock Exchange Listed Equities as at 30 June 2015 Other Net Liabilities 㖍 Total cost of investments - HKD60,737,441 Total Investments Consumer Goods Consumer Services 30 Information Technology Utilities Conglomerates Properties & Construction 㚰 6 Industrials Telecommunications Financials

⸜

⿣㈽峬ㆸ㛔 Investment Portfolio (continued) ᷄㕡㴟⢾ Orient Overseas Int'l ᷕ⚥䦣≐ China Mobile ⶍ᷂ ᾉ〗䥹㈨ ⿣㈽峬ⶪῤ 䐆⢘䥹㈨ AAC Technologies 俼゛普⚊ Lenovo Group ( ᷕ⚥撞埴 Bank of China ᷕ撞楁㷗 BOC Hong Kong ᷕ⚥⃱⣏⚥旭 China Everbright International ᷕ䓝㍏偉 CLP Holdings 䓝字 ℔䓐ḳ᷂ 慹圵㴰峡侭㚵≉ 㴰峡⑩⇞忈 ⛘ṏ⺢䫹攧㰇␴存⭆᷂ CK Hutchison Holdings 攧㰇⭆᷂⛘ṏ Cheung Kong Property Holdings 儦字㍏偉 Tencent Holdings 㷗摩℔⎠ MTR Corporation ⇑ᷘ Li & Fung ⚥㲘凒䨢 Cathay Pacific Airways 2015 楁㷗Ṍ㖻㇨ᶲⶪ偉䤐交⎰ẩ᷂ ℞Ṿ峇ῢⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ ᷕ⚥⺢学撞埴 China Construction Bank ㊃⓮撞埴 China Merchants Bank 楁㷗ᷕ⋶䄌㮼 Hong Kong & China Gas ⎰␴⭆᷂ Hopewell Holdings ⣒⎌ "A" Swire Pacific ᷕ⚥㴟⢾⍹⯽ China Overseas Land & Investment ⿺䓇撞埴 Hang Seng Bank 䓝傥⭆᷂ Power Assets Holdings ᷕ⚥⺢䫹⚥旭 China State Construction International ⿺昮⛘ṏ Hang Lung Properties ⿺➢⃮᷂⛘ṏ Henderson Land Development ⶴヶℜ᷂ Hysan Development ᾉ␴伖᷂ Sino Land 楁㷗Ṍ㖻⍲乻䬿㇨ Hong Kong Exchanges & Clearing 㯯ᷘ㍏偉 HSBC Holdings ᷕ⚥ⶍ⓮撞埴 Industrial and Commercial Bank of China ㈽峬㈽峬乬⎰炷井炸 Investments 11 Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) ㊯㔘➢慹㷗⃫ 50 (HKD) ( (309,800) ⶪῤ Market Value

207,660,141 207,350,341 100.15% 100.00% (0.15%) 1.09% 1.46% ⿺䓇䤆ⶆ Hang Seng China 50 Index Fund Holdings ➢慹ấ桅㔘䚖 2,254,326 3,018,627 )

㷗⃫ Net Assets Attributable to Unitholders as at 30 June 2015 Ping An Bank - A Share 124,172 China Vanke - A Share 166,500 Other Net Liabilities 㖍 Total cost of investments - HKD180,121,096 偉偉 Total Investments 30 Properties & Construction 㚰 6 Financials

⸜

⿣㈽峬ㆸ㛔 Investment Portfolio (continued) ( 2015 ㈽峬慹圵 ℞Ṿ峇ῢⅨῤ ⛘ṏ⺢䫹 ⿣㈽峬ⶪῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ ⸛⬱撞埴 - A Investments ㈽峬乬⎰炷井炸 ᶯ䥹ẩ᷂ - A 0.03% 0.31% 0.39% 0.25% 0.12% 0.03% 1.41% 0.04% 0.32% 0.10% 0.49% 4.83% 0.96% 0.18% 6.18% 0.05% 0.11% 0.07% 0.43% 0.09% 0.07% 1.35% 0.17% 䘬峬ṏⅨῤ䘦↮㭼 ঐส䠁ԭ仍ᤱᴹӪ 劙擹 ) 524,202 595,082 469,665 745,797 4,702,294 5,909,665 3,843,563 1,811,040 4,868,568 1,562,595 7,398,930 2,756,490 1,649,594 1,133,414 6,569,414 1,351,297 1,045,832 2,584,080 14,549,711 94,013,006 21,519,211 73,454,124 20,535,110 Market Value % of Net Assets 0.21% 0.04% 0.16% 0.05% 0.26% 0.05% 0.07%

0.13% 0.45% 0.12% 0.10% 0.08% 0.49% 0.05%

0.04% 0.27% 0.05% 0.12% 0.23% 0.14% 0.06% 0.15% 0.04% 0.11% 0.12% 0.05%

0.12% 0.41% 0.27% 0.03% 0.03% 0.00% 0.09% 0.10% 0.32% 0.96% 0.70% 0.03%

0.03% 0.09%

0.06% 0.36% 2.49%

0.07%

0.20% 0.09% 0.16% 0.05% 0.90% 0.06%

3,973 6,646 6,988 55,451 10,369 40,600 15,433 70,618 36,972 25,978 21,087 14,340 51,870 86,551 50,157 38,725 15,526 36,301 15,301 29,044 14,270 23,367 16,239 57,264 25,706 31,474 57,668 45,875 15,886 67,152 66,661 61,620 39,458 98,872 28,098 51,394 22,763 12,690 54,955 21,982 22,836 93,881 17,011 52,779 33,376 15,133 123,052 227,233 106,328 144,026 601,765 228,044 248,359 124,479 200,476 105,529 112,212 171,926 103,706 104,309 192,702 389,658 197,391 109,506 476,617 1,348,728 3,176,083 650,543 2,402,388 803,788 3,950,064 704,083

1,055,087

2,038,893 6,886,207 1,821,055 1,563,679 1,256,174 7,438,516 756,506

592,256 4,112,513 790,671 1,856,196 3,572,435 2,098,017 944,601 687,967 1,715,690 1,885,522 717,986

1,836,891 6,293,069 4,054,254 387,108 406,698 10 1,366,041 1,528,343 4,865,521 14,596,141 10,604,252 518,363

415,792 1,310,017

971,308 5,545,315 1,132,545

3,066,468 1,380,882 2,406,271 745,179 13,686,468 879,834

s c c nc I c c c c estaurants nc I R c en d acom ar ffiliated Managers Group Inc merican Express Co meriprise Financial In McDonald's Corp Priceline Group In Yum Brands Inc Discover Financial Service Wynn Resorts Limited CME Group Inc Twenty-First Century Fox Inc Time Warner Inc Wyndham Worldwide Corp Bank of New York Mellon Corp Capital One Financial Corp Time Warner Cable Inc Equifax Inc E-Trade Financial Corp Michael Kors Holdings Ltd Chipotle Mexican Grill In Wells Fargo & Co Zions Bancorp US Bancorp Royal Caribbean Cruises Ltd TEGNA In 伶⚥ᶲⶪ㈽峬 ➢慹ấ桅㔘䚖 MasterCard Inc Moody's Corp Legg Mason Inc Invesco Ltd IntercontinentalExchange Group Goldman Sachs Group Inc (The) Vi Walt Disney (Holding Co) D Delta Air Lines Inc Southwest Airlines Co Banks A A A Franklin Resources Inc Marriott International Inc Keurig Green Mountain Inc Blackrock In L Brands Inc Carnival Corp SunTrust Banks Inc Regions Financial Corp Huntington Bancshares Inc PNC Financial Services Group Hudson City Bancorp Inc Peoples United Financial Inc First Horizon National Corp Northern Trust Corp Fifth Third Bancorp Comerica Inc Starbucks Corp Bank of America Corp BB & T Corp Citigroup Inc Financials Keycorp JP Morgan Chase & Co Starwood Hotels & Resorts Worldwide Inc TripAdvisor In M & T Bank Corp 0.05% 0.37% 0.21% 0.04% Navient Corp 0.97% Morgan Stanley 0.01% Nasdaq OMX Group Inc (The) 0.02% 0.06% 0.13% 0.07% 0.06% 0.09% Visa In 0.05% 0.30% Retail 0.12% General Financial 0.09% 0.13% 0.04% State Street Corp 0.09% T Rowe Price Group 0.15% 0.64% 0.36% ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ⶪῤ ( 劙擹 ) 646,900 129,181 357,071 707,386 841,125 853,147 777,036 593,155 5,532,509 3,233,530 1,943,559 1,133,313 1,395,765 4,540,145 1,870,259 1,322,192 1,920,243 1,352,978 2,248,184 9,663,205 5,438,185 20,516,590 82,558,755 20,048,348 14,750,358 29,794,287 ⶪῤ ( Market Value % of Net Assets 1.36% 0.11% 0.02% 0.28% 0.07%

0.04% 0.19% 0.28% 0.24% 0.05% 0.60% 5.42% 0.05% Travel & Leisure 0.40% 2,403,657 0.21% 0.12% 0.34% 1.31% 0.07% 0.03% Scripps Networks Interactive Inc 12,471

0.07% 0.25% 0.81% 0.14% 0.03% 0.17% 0.67% 0.40% 38,010,465

0.10% 0.04%

0.07% 0.77% 0.32% 0.05% 0.07% 0.02% 0.04% 0.04% 0.15% Schwab (Charles) Corporation 147,707 0.05% 0.06% 0.12% 0.89% 0.03% 0.11% 0.52% Expedia Inc 12,654

0.11% 0.05% 0.08% 1.97%

9,138 7,741 4,603 7,709 9,602 4,079 75,831 12,812 29,810 17,436 43,305 14,321 62,898 81,996 87,400 10,561 89,596 46,793 43,606 51,317 15,467 53,631 64,370 58,572 28,082 53,381 14,410 43,829 28,563 18,010 25,862 56,330 33,953 26,883 13,892 35,241 12,306 35,010 37,277 22,176 26,709 49,044 14,522 14,522 35,309 53,002 82,004 46,189 13,016 26,325 38,847 42,268 21,361 47,528 31,589 52,796 202,657 119,775 322,796 198,947 112,064 166,823 252,125 109,162 144,902 141,976 270,482 慹ấ桅㔘䚖 1,740,637 285,128 4,261,198 997,135

681,037 2,899,939 4,255,951 3,677,280 691,088 9,139,989 773,591 6,153,850 3,152,956 1,870,730 5,100,357 1,087,227 432,037

1,086,245 3,797,859 12,343,709 2,066,984 427,470 2,534,130 10,141,528 6,016,840

1,573,898 648,797

1,029,580 11,788,033 4,837,496 824,052 1,131,763 379,475 664,396 616,669 2,236,125 772,940 972,659 1,805,961 13,536,917 384,520 1,729,691 7,840,932

1,638,219 798,297 1,158,323

➢ c c c as at 30 June 2015 㖍 c c 30 㚰 6 ⸜ ltria Group Inc merisourceBergen Corporation mazon.com Inc utonation Inc utoZone Inc Investment Portfolio (continued)

㈽峬乬⎰炷井炸 2015 Walgreens Boots Alliance In Sysco Corp Urban Outfitters Inc McKesson Corp Tractor Supply Co Mattel Inc Harman Intl Industries Inc Hasbro Inc Kroger Co Target Corporation TJX Companies Inc (The) Wal-Mart Stores Inc Media PVH Corp Nike Inc Kimberley-Clark Corp Personal Goods Tobacco Netflix Inc Lowe's Companies Inc Macy's Inc Food & Drug Retailers Hanesbrands Inc US Listed InvestmentGarmin Ltd Holdimgs (GBP) Attributable to Unitholders US Listed Investment Holdimgs (GBP) Attributable to Unitholders Gannett SpinCo Inc - W/I Interpublic Group of Companies Inc Facebook Inc Class 'A' Dun & Bradstreet Corp Discovery Communications Inc Comcast Corp DIRECTV CBS Corporation Cablevision Systems Corp Reynolds American Inc Tiffany & Co VF Corporation Estee Lauder Companies Inc Under Armour Inc - Class A A A A A A Ralph Lauren Corp Nordstrom Inc Home Depot Inc Kohls Corp Costco Wholesale Corp Gap Inc CarMax Inc GameStop Corporation Consumer Services Block (H & R) In Best Buy Co Inc Bed Bath & Beyond Inc 伶⚥ᶲⶪ㈽峬 McGraw Hill Financial In Colgate-Palmolive Co Coach Inc Ross Stores Inc Staples Inc Whole Foods Market Inc O'Reilly Automotive Inc (New) Dollar Tree Inc Dollar General Corp News CorpOmnicom Group Inc 63,938 CVS Health Corp Cardinal Health Inc Philip Morris Int In General Retailers Family Dollar Stores In eBay Inc Nielsen Holdings NV 12 0.05% 1.14% 0.10% 0.36% 0.04% 0.05% 99.37% Unitholders Attributable to % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ # ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 劙擹 ) 伶⃫ (USD) ( 767,237 543,513 752,962 1,485,845 5,464,633 116,094 17,333,192 12,549,384 Market Value % of Net Assets 18,368,968 18,252,874 ⶪῤ Market Value 100.00% 99.37% 0.63%

0.05% 0.06% 0.04% 0.06%

0.07% 0.04% 0.05% 0.08% 0.27% 0.06% 0.16% 0.05% 0.07% 0.18% 0.09% 0.11% 0.07% 0.10% 0.02% 0.08% 0.28% 0.74%

1.72% 1.88% 0.07% 0.06% 0.10% 0.83% 2.04%

0.10% 0.06% 0.08%

⿺䓇伶⚥㊯㔘➢慹 7,947 9,995 5,675 7,436 22,855 27,777 17,714 16,424 18,945 17,242 42,574 32,414 76,064 34,712 79,672 22,749 77,293 20,148 39,813 16,791 54,527 19,949 61,872 42,421 37,406 12,499 21,545 18,715 20,463 24,702 25,901 Hang Seng American Index Fund # 189,787 348,414 208,902 503,095 Holdings 3,562,292 741,730 964,636 ➢慹ấ桅㔘䚖

548,304 845,376 1,070,061 618,002 740,653 1,292,273 4,117,816 907,363 2,442,795 689,254 1,099,787 2,738,454 1,348,239 1,683,452 1,110,574 1,515,814 250,282 1,270,739 4,193,385 11,263,889

1,013,936 861,586 1,589,401

1,594,827 908,325 1,145,022

18,252,874 ˤ c c c c c rcher-Daniels-Midland Co Mohawk Industries Inc Lennar Corp Coca Cola Enterprises Inc (New) Hormel Foods Corp Leggett & Platt Inc McCormick & Co Inc Hershey Company (The) Whirlpool Corp Fossil Group In DR Horton Inc 伶⚥ᶲⶪ㈽峬 ➢慹ấ桅㔘䚖 Kraft Foods Inc Procter & Gamble Co Beverages A Kellogg Mead Johnson Nutrition Co Household Goods & Home Construction Newell Rubbermaid Inc Campbell Soup Co Mondelez International Inc Clorox Co Electronics Arts In ConAgra Foods Inc General Mills In Tyson Foods Inc Smucker (JM) Co (The) Brown-Forman Corp Coca-Cola Co (The) Monsanto Co Pulte Group Inc Pepsico In Monster Beverage Corp Molson Coors Brewery Co Dr Pepper Snapple Group Constellation Brands Inc Snap-on Tools Stanley Black & Decker In 0.04% 0.13% 0.32% 0.24% 㖍䘬㈽峬乬⎰⤪ᶳ烉㚰 30 ⸜ 6 䘬峬ṏⅨῤ䘦↮㭼 ⶪῤ ( ⌈➢慹ấ桅㊩㚱Ṣ 炞ˬ宍➢慹˭炟ˤ䍘㖞⸼ẀḰ㛔➢慹➢慹䭉䎮Ṣ⍲宍➢慹䘬➢慹䭉䎮Ṣ䘬䭉䎮峡䓐↮⇓ᷢ㊱峬ṏⅨῤ孉㭷⸜ 劙⚥ United Kingdom 㲐ℴ炾ㆸ䩳⛘䁡 Place of Incorporation/ Registration Ḷ 2015 ) 劙擹 )

伶⃫ 582,338 1,409,750 4,097,358 2,010,736 4,872,595 3,670,327 29,666,043 16,996,732 ⶪῤ ( Market Value % of Net Assets 1.95% 0.10%

0.09% 0.07% 1.10% 0.07% 0.11% 0.07% 0.08% 0.07% 0.03% 0.17% 0.22% 0.17% 0.18% 0.04% 26,090,953 0.26% 28,349,230 0.07% 0.10% 0.14% 0.03% 0.02% 0.05% Food Producers 0.04% 31,088,823

0.06% Leisure Goods 0.16% 0.06% 0.31% 0.30% 0.08%

䭉䎮ˤ 8,658 15,293 67,477 54,139 28,990 39,817 29,478 84,152 50,704 34,834 36,977 34,507 40,848 24,687 11,587 13,910 10,335 17,063 37,164 27,083 34,476 19,027 30,655 156,481 133,131 115,917 139,324 510,535 173,187 慹ấ桅㔘䚖 1,355,045 1,113,162 1,002,265 1,638,250 1,047,747

1,186,130 1,109,406 407,485 2,650,250 3,337,495 2,540,953 2,810,835 661,529 1,144,637 1,576,206 2,147,849 448,981 267,109 718,199 570,141

970,386 2,478,668 989,883 4,713,481 4,533,102 1,252,943

) ➢ Net Assets Attributable to Unitholders V as at 30 June 2015 Other Net Assets 㖍 Total cost of investments - USD18,482,510 c Unlisted Investments Total Investments ˤ⎗ẀḰ㛔➢慹⍿㈀Ṣ䘬⍿㈀Ṣ峡䓐⍲宍➢慹⍿㈀Ṣ䘬⍿㈀Ṣ峡䓐䘬⿣␴㚨檀ᷢ㊱峬ṏⅨῤ孉㭷⸜ 0.06% 30 Equity Fund 㚰 6 c c c ⍲ 0.10% ⸜

㛔➢慹⎒㈽峬Ḷ HSBC Index Tracker Investment Funds – American Fund 宍➢慹䓙 HSBC Global Asset Management (UK) Limited ⿣㈽峬ㆸ㛔 ir Products and Chemicals irgas In very Dennison Corporation lcoa In llegheny Technologies Inc utomobiles & Parts Investment Portfolio (continued) ( 2015 朆ᶲⶪ㈽峬偉䤐➢慹 ⿣㈽峬ⶪῤ ℞Ṿ峬ṏⅨῤ HSBC Index Tracker Investment Funds - American Fund The investment portfolio of the HSBC Index Tracker Investment Funds - American Fund as at 30 June 2015 was follows: ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ HSBC Index Tracker Investment Funds - American Index Fund* Investments ㈽峬乬⎰炷井炸㈽峬 Consumer Goods Forestry & Paper Industrial Metals & Mining Sigma-Aldrich Corporation Genuine Parts Co 19,554 Newmont Mining Corp (Hldg Co) * Fund managed by HSBC Global Asset Management (UK) Limited. 伶⚥ᶲⶪ㈽峬 International Paper Co BorgWarner Inc Mosaic Co (The) PPG Industries In Goodyear Tire & Rubber Company Co (The #iii * A A A LyondellBasell Industries N A A CONSOL Energy Inc A Johnson Controls Inc 0.65% Praxair In # The Fund invested solely in units of the HSBC Index Tracker Investment Funds - American (the "Underlying Fund"). Currently, the management fee payable to Manager of Fund and manager Underlying Fund are 0.65% and 0.10% of the net asset value per annum respectively. The maximum aggregate trustee fee payable to the Trustee and trustee of Underlying Fund are up to 0.06% net asset value per annum. Mining Nucor Corp Freeport-McMoRan Copper & Gold Inc Intl Flavors & Fragrances Inc FMC Corp US Listed InvestmentBasic Materials Chemicals Holdimgs (GBP) Attributable to Unitholders US Listed Investment Holdimgs (GBP) Attributable to Unitholders Delphi Automotive Plc Harley-Davidson Inc Ecolab Inc Eastman Chemical Co Du Pont (E.I.) De Nemours & Co Dow Chemical Co CF Industries Holdings Inc Ford Motor Co General Motors Co 0.27% 0.08% 0.75% 0.13% 0.09% 0.18% 0.29% 1.92% 0.03% 0.69% 0.77% 0.05% 0.29% 0.59% 1.63% 0.05% 0.36% 0.06% 0.21% 0.03% 0.80% 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ 劙擹 ) 437,121 745,265 706,627 905,452 446,936 4,185,014 1,291,604 2,041,999 1,386,299 2,784,551 4,391,009 4,440,266 8,948,152 5,437,530 3,159,351 29,164,771 10,516,898 11,411,239 24,822,515 11,782,365 12,172,247 Market Value % of Net Assets 0.08% 0.07%

0.02% 0.20% 0.05% 0.55% 0.02% 0.05% 0.06%

0.09% 0.05% 0.05% 0.05% 0.15% 0.21% 0.07% 0.06% 0.08% 0.11% 0.18%

8.68% 0.03% 0.10% 0.06% 0.03% 0.11% 0.06% 0.14%

0.05% 0.15% 0.08% 0.06% 0.05% 0.05% 0.07% 0.07% 0.06% 0.99% 0.01%

0.11% 3.88% 0.13% 1.83% 6.75%

0.11% 0.04% 0.20% 0.23%

7,227 9,234 8,604 40,760 26,701 30,978 78,051 24,803 25,812 66,107 39,912 18,580 87,368 72,522 15,776 20,826 45,132 40,818 69,786 60,920 22,899 29,025 38,521 39,894 32,847 27,802 30,001 49,658 20,463 13,464 24,428 33,470 55,628 18,060 35,427 24,409 25,787 29,634 23,487 20,392 30,622 39,033 43,604 73,621 13,778 78,297 86,578 249,404 209,273 653,549 162,770 111,460 134,066 666,905 410,420 609,243 232,696 739,855 157,306 133,835 163,276 222,756 137,926 109,277 117,689 1,038,900 1,231,068 988,448

303,142 3,031,815 825,926 8,333,928 341,545 800,930 845,305

1,354,802 771,496 744,344

760,195 2,284,785 3,137,998 1,016,601 924,160 1,254,070 1,628,153 2,776,341

424,825 1,524,441 912,879 528,389 1,616,936 939,808 2,182,392

753,773 2,269,968 1,167,202 889,942 777,611 781,786 1,133,953 1,054,803 861,201 15,062,291 141,202

1,714,007 59,004,459 1,922,440

1,652,271 616,931 2,992,663 3,466,535

c c A c orp c c C c t c f croso dobe Systems Inc kamai Technologies Inc utodesk Inc ltera Corporation nalog Devices Inc pple Inc pplied Materials Inc vago Technologies Ltd T & In EMC Corp Massachusetts Skyworks Solutions In Seagate Technology Qualcomm Inc SanDisk Corp Pitney Bowes Inc Nvidia Corp Cisco Systems Corning Inc Noble Corp PLC Cognizant Technology Solutions Corp Yahoo Inc Texas Instruments Inc Cameron International Corp F5 Networks Inc NetApp Inc Teradata Corp Symantec Corp CenturyLink Inc 伶⚥ᶲⶪ㈽峬 ➢慹ấ桅㔘䚖 Diamond Offshore Drilling Inc A A A Mi Oracle Corp A A A A A Harris Corp KLA-Tencor Corporation A Intel Corp Juniper Networks Inc Hewlett-Packard Co Citrix Systems In Cerner Corp CA Inc Broadcom Corp Xerox Corp Telecommunications Western Digital Corp Baker Hughes Inc Equinix In Schlumberger Ltd Computer Sciences Corp Intuit Inc Google Inc Kinder Morgan Inc VeriSign In Micron Technology Inc Motorola Solutions Inc Halliburton Co Microchip Technology Inc FMC Technologies Inc Red Hat Inc Salesforce.com Inc Lam Research Corp Linear Technology Corp Ensco Plc Class Technology Transocean Ltd International Business Machines National Oilwell Varco In Helmerich & Payne Inc Xilinx In Williams Companies Inc (The) 1.72% 0.14% 0.04% 0.20% 0.23% 0.25% 1.39% 0.03% 0.04% 0.02% 0.06% 0.10% 0.45% 0.06% 0.09% 0.02% 䘬峬ṏⅨῤ䘦↮㭼 ⶪῤ ( ⌈➢慹ấ桅㊩㚱Ṣ 劙擹 ) 670,610 472,842 564,566 933,367 377,101 931,568 286,870 2,186,139 3,075,849 3,564,423 3,851,973 1,445,112 6,841,996 1,343,740 81,510,251 21,076,133 40,924,615 26,334,207 21,039,723 ⶪῤ ( Market Value % of Net Assets 0.10% 0.09% 0.26% 1.87% 0.12% 0.41% 5.37% 1.39% 0.04% 0.24% 0.09% 0.15% 0.32% 132,008,792 2.70%

0.06%

0.17% 0.06% Oil Equipment, Services & Distribution

0.02% 0.05% 0.17% 0.05% 0.04% 0.11%

0.04% 0.11% 0.09% 0.08% 0.06% 0.05% 0.17% 0.12% 0.15% 0.04% 0.36% 27,785,277 0.11% 0.05% 0.06% 0.04% 102,713,809

0.17% 0.03% 0.97% 0.27% 0.07% 0.03% 0.33% 0.10% 0.21% 0.12% 0.04% 0.05% Fixed Line Telecommunications 0.09% 0.07% 0.08% Technology Hardware & Equipment

0.12%

0.09% Software & Computer Services 9,626 8,046 7,688 6,788 86,412 31,381 70,501 49,472 17,247 33,731 36,493 69,924 98,647 11,983 12,468 65,922 26,901 69,585 24,552 18,730 17,302 54,669 20,588 21,225 21,359 19,069 53,778 41,840 16,179 43,441 45,391 88,972 11,820 88,975 30,555 32,094 10,871 21,091 42,879 34,801 66,243 77,604 52,897 12,291 80,415 65,230 48,248 23,337 49,223 17,806 33,710 13,649 20,876 21,559 49,515 12,463 17,344 60,294 537,038 158,343 126,816 241,498 112,828 慹ấ桅㔘䚖 1,458,240 1,334,496 3,924,692 28,410,734 1,871,361 6,182,898 577,495 3,654,710 1,434,010 2,325,761 4,878,093 840,494

2,623,970 878,854

287,550 719,762 2,632,760 743,031 610,581 1,611,183 666,427 1,681,617 1,315,812 1,247,192 868,360 819,855 2,535,416 1,841,673 2,259,234 616,967 5,482,652 1,609,252 799,340 925,628 560,165 2,646,027 470,487 14,813,577 4,185,395 1,060,833 470,008 4,948,537 1,493,577 3,237,651 1,767,999 550,075 711,413 1,317,080 1,080,065 1,156,842

1,798,388

1,374,551 ➢ c c c c as at 30 June 2015 c s 㖍 y s 30 c c 㚰 6 c c ⸜ llegion PLC merican Airlines Group In ccenture Ltd lliance Data Systems Corp utomatic Data Processing Inc lternative Energ nadarko Petroleum Corp pache Corp Investment Portfolio (continued)

㈽峬乬⎰炷井炸 2015 Industrial Engineering Marathon Oil Corp Hess Corp Exxon Mobil Corp EOG Resources Inc ConocoPhillips Devon Energy Corp Oil & Gas Illinois Tool Work Hunt (JB) Transport Services In Flowserve Corp FedEx Corp Fidelity National Information Services Marathon Petroleum Corp Occidental Petroleum Corp Cimarex Energy Co Cintas Corp Valero Energy Corp 伶⚥ᶲⶪ㈽峬 US Listed InvestmentSealed Air Corp Holdimgs (GBP) Attributable to Unitholders US Listed Investment Holdimgs (GBP) Attributable to Unitholders First Solar In Phillips 66 CSX Corp Expeditors Intl of Washington Inc Industrial Transportation CH Robinson Worldwide Inc Republic Services In Robert Half International Inc Waste Management Inc Newfield Exploration Co Range Resources Corp Fiserv In Murphy Oil Corp Pioneer Natural Resources Co Tyco International Plc A A A A A Paychex Inc A A A Tesoro Corporation Support Services Kansas City Southern Industries Inc 14,138 Norfolk Southern Corp 39,356 Chevron Corp Deere & Co Fastenal Inc Chesapeake Energy Corp Caterpillar Inc Cabot Oil & Gas Corp Xylem Inc Oil & Gas Producer Stericycle In Total Systems Services In Southwestern Energy Co Parker-Hannifin Corp Ingersoll-Rand Plc Pall Corp Grainger (WW) Inc Union Pacific Corp Ryder System Inc Dover Corp Cummins Inc Noble Energy Inc Paccar In Joy Global Inc Rockwell Automation Inc United Parcel Service In 13 0.43% 0.08% 0.62% 0.49% 2.34% 1.45% 0.05% 0.27% 0.17% 0.15% 0.16% 0.50% 0.09% 0.60% 0.87% 0.15% 0.57% 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ 劙擹 ) 762,091 6,426,245 6,496,916 1,287,966 9,471,581 7,498,972 4,059,492 2,509,919 2,256,433 2,393,612 1,306,854 7,542,975 9,057,513 2,280,885 8,622,777 70,416,414 22,059,907 35,330,204 13,153,520 Market Value % of Net Assets 0.06% 0.43% 0.05% 1.44% 0.04% 0.06% 0.13% 0.24% 0.07% 0.09% 0.14% 0.12% 0.03% 0.05% 0.05% 0.03% 0.05% 0.02% 0.16%

0.63% 0.07% 0.07% 0.10%

1.05% 0.28% 0.07% 0.22% 0.64% 0.14% 0.02% 0.07% 0.03% 0.02% 0.04% 0.53% 4.61% 0.06% 0.48% 0.17%

0.08% 0.92% 0.44% 1.11% 0.21% 9.73%

0.07% 0.20% 0.51% 0.28% 0.39% 0.62% 0.03% 0.15% 0.11%

0.07% 9,681 16,914 12,356 12,807 10,628 64,113 40,347 35,442 12,845 52,005 10,324 27,075 16,429 17,588 10,969 31,305 10,571 42,924 97,647 42,991 30,860 39,715 51,124 11,658 28,750 50,399 18,786 17,892 17,016 14,474 21,030 18,923 81,463 18,472 82,588 59,991 21,945 34,343 24,884 17,755 39,344 25,804 23,358 85,822 30,214 79,086 12,610 38,309 36,011 52,861 14,913 100,203 122,098 106,316 355,978 188,730 125,180 790,793 102,500 214,078 191,195 220,832 363,368 183,010 1,293,991 902,646 688,391 21,861,347 686,726 867,567 1,965,746 3,635,001 1,005,771 1,408,564 2,126,230 1,805,371 496,154 758,892 712,634 424,331 784,509 339,316 2,457,901

9,531,867 1,054,615 1,074,910 1,463,902

4,218,128 1,053,349 3,304,596 9,724,729 2,207,806 350,627 999,191 484,461 306,752 637,826 7,992,459 851,777 7,284,674 2,574,421

1,237,834 14,050,047 6,645,437 16,859,725 3,140,185

1,021,086 3,024,807 7,760,312 4,304,044 5,966,714 9,434,541 464,085 2,327,965 1,673,125

1,116,270 t c c c c c c c c c o c c bbott Laboratories bbVie Inc lexion Pharmaceuticals In llergan Pl mgen Inc erospace & Defense gilent Technologies Inc metek Inc mphenol Corp Vulcan Materials Co Honeywell International Inc Zoetis Inc United Rentals Inc Sherwin-Williams Co (The) Quanta Services Inc General Electric Co (US) Owens-Illinois In UnitedHealth Group Inc Varian Medical Systems Inc Waters Corp Pfizer In General Dynamics Corp Textron Inc United Technologies Corp Roper Technologies Inc TE Connectivity Ltd Jacobs Engineering Group Inc Ball Corp Johnson and Regeneron Pharmaceuticals Inc 伶⚥ᶲⶪ㈽峬 ➢慹ấ桅㔘䚖 Patterson Companies Inc A A A A A Perrigo Co Pl Vertex Pharmaceuticals Inc A Electronic & Electrical Equipmen A A A L-3 Communications Holdings Inc MeadWestvaco Corp Endo International PLC Gilead Sciences In PerkinElmer In Pentair PLC Celgene Corp Bristol-Myers Squibb Co Emerson Electric Co Biogen Inc Danaher Corporation Universal Health Services In Fluor Corp 3M Co Thermo Fisher Scientific In Tenet Healthcare Corp Eaton Corp PLC Flir Systems In Quest Diagnostics Inc Stryker Corp Industrials Boeing Co St Jude Medical Inc Lilly (Eli) & C Hospira Inc Merck and Co Inc Medtronic Plc Mallinckrodt PLC Lockheed Martin Corp Northrop Grumman Corp Precision Castparts Corp Raytheon Co Rockwell Collins In Mylan NV 0.07% 0.09% 0.07% 0.09% 0.06% 0.04% 0.21% 0.04% 0.03% 0.09% 0.09% 0.12% 0.08% 0.03% 3.05% 䘬峬ṏⅨῤ䘦↮㭼 ⶪῤ ( ⌈➢慹ấ桅㊩㚱Ṣ 劙擹 ) 989,446 581,554 467,700 471,771 935,876 603,551 1,134,180 1,442,379 1,424,645 3,234,350 1,312,385 1,367,851 1,881,265 1,222,797 14,943,198 35,065,914 71,764,799 46,568,817 ⶪῤ ( Market Value % of Net Assets 0.15% 0.98% 2.31% 0.09% 0.11% 0.06% Masco Corporation 44,751 0.29% Martin Marietta Materials Inc 7,920 0.06% 0.08% 0.04% 0.05% 0.06% 0.14% 0.05% 0.06% 0.22% 0.07% 0.04% 15,962,619 0.06% 0.14% 0.08% 0.09% 147,723,348

0.13% 0.16%

0.12% 0.20% 1.33% 0.10% 0.07%

0.08% General Industrials 0.14% 0.35% 0.06% 0.15% 0.10% Construction & Materials 0.33% 0.08% 0.10% 0.15% 0.15% 0.02% 0.18% Pharmaceuticals & Biotechnology 0.14% 0.44% 0.21% 0.03% 0.11% 0.24% 0.23% 0.02% 0.00%

0.16% 0.17% 4.71% 0.06%

8,394 4,682 9,505 8,815 5,005 19,155 22,366 42,358 12,795 39,981 10,730 35,013 16,271 32,185 35,817 46,571 52,818 18,022 33,093 22,098 17,969 29,866 37,691 68,612 67,212 12,837 53,898 38,220 26,730 29,556 18,916 69,464 21,755 58,120 22,544 13,807 18,585 93,660 38,692 36,185 67,297 32,821 19,609 43,342 63,587 56,188 41,908 53,318 54,341 20,008 16,907 45,027 34,160 21,911 68,980 41,146 66,761 80,436 58,986 45,081 96,979 23,934 172,175 234,218 143,066 171,243 慹ấ桅㔘䚖 2,329,731 1,350,038 1,672,289 894,031 4,398,495 969,637 1,141,869 602,338 731,617 842,646 2,077,883 756,990 854,862 3,408,829 1,116,633 588,988 842,978 2,174,177 1,214,136 1,346,206

1,937,749 2,407,519 1,787,981 3,088,712 1,510,968 20,270,498 1,031,668 1,250,417 2,178,748 5,296,700 915,205 2,293,458 1,587,537 5,093,321 1,235,874 1,509,171 2,212,986 306,068 2,222,225 2,709,484 2,199,236 6,731,253 3,223,420 469,826 1,718,651 3,649,228 3,565,221 375,536 -

2,486,912 2,528,882 863,007

➢ c as at 30 June 2015 c 㖍 30 c 㚰 c 6 c ⸜ FLAC Inc ssurant Inc CE Limited llstate Corp merican International WTS merican Intl Group Inc ON Pl merican Tower Corporation partment Investment & Management Co valonbay Communities Inc etna Inc nthem Inc Investment Portfolio (continued)

㈽峬乬⎰炷井炸 2015 Healthcare Humana Inc Nonlife Insurance Healthcare Equipment & Services Vornado Realty Trust Ventas Inc SL Green Realty Corp Intuitive Surgical In Simon Property Group Inc Henry Schein Inc Principal Financial Group Torchmark Corp Unum Group Inc CBRE Group Inc Equity Residential Essex Property Trust In Kimco Realty Corp Macerich Co (The) Cigna Corp Davita Healthcare Partners Inc Dentsply International Inc Realty Income Corp HCA Holdings Inc Progressive Corporation (Ohio) 伶⚥ᶲⶪ㈽峬 Weyerhaeuser Co Laboratory Corp of America Hldgs Hartford Financial Svcs Group Inc Loews Corp Boston Scientific Corp Becton Dickinson & Co Chubb Corp Cincinnati Financial Corp Baxter International Inc Berkshire Hathaway Inc Zimmer Biomet Holdings Inc Bard (CR) Inc Prudential Financial Inc Plum Creek Timber Co Prologis In Edwards Lifesciences Corp A A A XL Group Pl A A A A A A A Public Storage A A Express Scripts Holdings Co MetLife Inc Lincoln National Corp Boston Properties Inc Crown Castle International Corp Genworth Financial Inc The ADT Corporation Marsh & McLennan Cos Inc Travelers Cos Inc (The) Real Estate Investment Trusts US Listed InvestmentWestern Union Co (The) Holdimgs (GBP) Attributable to Unitholders US Listed Investment Holdimgs (GBP) Attributable to Unitholders General Growth Properties Inc Health Care Property Investors Inc Health Care REIT Inc Host Hotels & Resorts Inc Iron Mountain Incorporated Real Estate & Investment Services Life Insurance 0.35% 0.35% 0.53% 0.22% 99.73% 100.00% Unitholders % of Net Assets Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 Attributable to Unitholders # ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 劙擹 ) (GBP) 伶⃫ (USD) ( 26,391 2,431,227 2,487,275 3,717,196 1,575,080 12,176,945 38,220,166 95,527,751 10,221,127 25,002,920 ⶪῤ ( Market Value 9,928,622 9,902,231 9,902,231 ⶪῤ Market Value 0.27%

99.73%

0.11% 1.73% 0.64% 0.52% 2.43% 0.51% 1.72% 5.43% 0.63% 1.09% 0.28% 1.24% 13.57% 0.47%

0.22% 3.71% 0.23% 0.57% 0.68% 0.18% 0.45% 1.46% 3.54% 2.54%

1.01% 0.57% 6.48% 2.86% ⿺䓇劙⚥㊯㔘➢慹 Hang Seng UK Index Fund # 60,376 73,941 74,830 96,932 Holdings 103,097 674,737 395,071 429,999 538,550 193,254 856,099 956,404 751,404 579,108 764,373 887,548 333,435 464,169 291,000 897,279 101,881 6,867,432 3,331,012 1,535,156 8,002,926 Holdings 23,622,507 3,456,521 ➢慹ấ桅㔘䚖 ➢慹ấ桅㔘䚖

740,752 4,498,012 3,657,122 3,616,590 12,116,828 4,459,090 7,679,723 1,990,516 8,723,649 3,321,591

1,536,374 26,103,338 1,604,687 4,017,892 4,804,149 1,242,861 3,153,936 17,889,660

7,080,066 4,042,066 45,624,681 20,135,825 Sports Direct International Plc Next Plc Whitbread Plc Marks & Spencer Plc Imperial Tobacco Group Sky Plc WPP PLC TUI AG-DI Standard Chartered Plc Tobacco Consumer Services Food & Drug Retailers Kingfisher Plc Financials Barclays Plc Carnival Plc International Consolidated Airlines InterContinental Hotels Group Plc Sainsbury (J) Plc Tesco Plc 劙⚥ᶲⶪ㈽峬 UK Listed Investment British American Tobacco Plc Morrison (Wm) Supermarkets Plc ITV Plc Pearson Plc Reed Elsevier Plc Merlin Entertainments PLC Royal Bank Of Scotland Group Plc HSBC Holdings Plc Easyjet Plc Lloyds Banking Group Plc ˤ 1.90% 1.02% 5.70% 1.82% 2.70% ˤ⎗ẀḰ㛔➢慹➢慹䭉䎮Ṣ䘬䭉䎮峡⍲宍➢慹➢慹䭉䎮Ṣ䘬䭉䎮峡䘬⿣␴㚨檀ᷢ㊱峬㖍䘬㈽峬乬⎰⤪ᶳ烉 30 㚰 % of Net Assets 6 ⸜ ˬ宍➢慹˭ ) ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 Attributable to Unitholders 劙⚥ United Kingdom 㲐ℴ炾ㆸ䩳⛘䁡 Place of Incorporation/ Registration 2015 Ḷ ) 劙擹 )

伶⃫ 7,204,163 13,373,695 32,230,085 17,608,841 40,134,731 12,808,518 21,727,661 19,014,750 ⶪῤ ( Market Value

4.58% Media 0.23% 0.07% 2.50% 17,101,277 1.92% 1.54% 0.36% 0.32% 0.58% 0.41% 0.70% General Retailers 0.16% Travel & Leisure 0.35% Banks 0.29% 0.14% 0.35% 2.03%

1.59% 0.35%

3.08% 䭉䎮ˤ 38,071 69,504 84,028 80,943 Holdings (GBP) 511,618 494,733 866,104 675,818 142,899 181,672 535,828 125,430 150,593 145,536 403,950 260,691 387,667 684,156 4,376,497 1,324,770 1,032,849

1,631,342 482,358 13,506,211 10,817,639 2,552,771 2,260,611 4,102,630 2,854,067 4,921,580 1,107,300 2,477,243 2,064,630 1,003,471 2,482,273 14,306,722

11,173,197 2,461,423

Net Assets Attributable to Unitholders 炻侴⎗ẀḰ㛔➢慹⍿㈀Ṣ䘬⍿㈀Ṣ峡䓐㚨檀ᷢ㊱峬ṏⅨῤ孉㭷⸜ 0.10% as at 30 June 2015 Other Net Assets 㖍 Total cost of investments - USD10,004,781 Unlisted Investments Total Investments 30 Equity Fund 㚰 6 ⸜

㛔➢慹⎒㈽峬Ḷ HSBC Index Tracker Investment Funds – FTSE 100 Fund(

⿣㈽峬ㆸ㛔宍➢慹䓙 HSBC Global Asset Management (UK) Limited Investment Portfolio (continued) 2015 朆ᶲⶪ㈽峬偉䤐➢慹 ⿣㈽峬ⶪῤ ℞Ṿ峬ṏⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ HSBC Index Tracker Investment Funds - FTSE 100 Fund The investment portfolio of the HSBC Index Tracker Investment Funds - FTSE 100 Fund as at 30 June 2015 was follows: HSBC Index Tracker Investment Funds - FTSE 100 Index Fund* ( ㈽峬㈽峬乬⎰炷井炸 Investments Rio Tinto Plc Randgold Resources Household Goods & Home Construction Fresnillo Plc ṏⅨῤ孉㭷⸜ 0.65% #iii Forestry & Paper Beverages Unilever Plc # The FundUnderlying invested Fund solely are in 0.65% units andannum. of 0.10% of the the HSBC net Index asset Tracker value Investment per Funds annum respectively. - The FTSE maximum 100 aggregate Index trustee Fund fee payable (the to "Underlying the Fund"). Trustee Currently, and the the trustee management of fee the payable Underlying to Fund the are Manager up to of 0.06% the of Fund the and net the asset manager value of per the BHP Billiton Plc Johnson Matthey Plc Glencore PLC Automobiles & Parts GKN Plc Associated British Foods Plc Burberry Group Plc Anglo American Plc Coca-Cola HBC AG Persimmon Plc * * Fund managed by HSBC Global Asset Management (UK) Limited. UK Listed Investment Basic Materials Chemicals Mondi Plc Industrial Metals & Mining Antofagasta Plc Compass Group PLC Barratt Developments Plc Reckitt Benckiser Group Plc Taylor Wimpey Plc Diageo Plc Food Producers SABMiller Plc 劙⚥ᶲⶪ㈽峬 ➢慹ấ桅㔘䚖 Mining Consumer Goods Personal Goods 14 2.08% 2.08% 0.94% ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼劙擹 ) 31,620,816 35,263,494 31,453,145 14,232,913 ⶪῤ ( Market Value % of Net Assets 1,488,907,415 1,520,528,231

97.92% 0.03% 0.04% 0.08% 0.06% 1.02% 2.31% 100.00% 0.09% 0.14% 0.05% 0.09% 0.21% 0.07% 0.10% 0.07% 0.08% 0.15% 0.07% 0.23% 0.04% 0.04% 0.13% 0.03% 0.11% 0.11% 0.20% 0.02% 0.04% 0.04% 0.12% 0.12% 0.08% 0.05% 0.03% 0.05% 0.04% 0.26% 0.07% 0.01% 0.08% 40,366 35,270 37,500 76,213 23,026 41,715 23,108 53,919 57,041 43,231 32,364 61,659 14,160 85,394 30,149 18,293 29,887 85,921 40,347 64,782 62,922 40,560 64,807 26,679 55,022 88,805 19,447 10,178 40,762 87,401 15,323 31,068 147,546 523,780 110,614 116,488 慹ấ桅㔘䚖 623,187 464,394 1,265,326 970,263 15,523,231 714,057 1,380,111 3,240,518 1,092,809 1,474,229 1,035,871 1,115,956 3,555,496 628,935 554,388 1,925,006 512,216 1,600,153 338,546 589,140 1,880,219 1,781,029 1,153,688 1,325,545 2,119,272 1,171,126 2,209,889 1,618,630 3,103,483 669,731 665,778 3,987,670 1,005,798 120,244 1,181,624 736,909 453,639 744,352 ➢ c c as at 30 June 2015 㖍 y Other Net Assets 30 c Total Investments 㚰 c 6 y ⸜ ES Corp merican Electric Power Co In GL Resources Inc meren Corporation Investment Portfolio (continued)

㈽峬乬⎰炷井炸 2015 伶⚥ᶲⶪ㈽峬 ⿣㈽峬ⶪῤ ℞Ṿ峬ṏⅨῤ US Listed InvestmentFrontier Communications Corp Holdimgs (GBP) Attributable to Unitholders Leucadia National Corp Level 3 Communications IncQorvo IncVerizon Communications Utilities Electricit 37,782 19,010 A A A A ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ Net Assets Attributable to Unitholders Gas, Water & Multiutilities CMS Energy Corp Consolidated Edison Inc Dominion Resources Inc (VA) DTE Energy Co Edison International Entergy Corp Eversource Energ Exelon Corp First Energy Corp NextEra Energy Inc NRG Energy Inc Pepco Holdings Inc PG & E Corp (Hldgs) Pinnacle West Capital Corp PPL Corp Public Service Enterprise Group In Southern Co Teco Energy Inc Scana Corporation Sempra Energy Corp Spectra Energy Corp WEC Energy Group Inc Xcel Energy In CenterPoint Energy Inc Duke Energy Corp EQT Corporation Integrys Energy Group Ord Shs NiSource Inc ONEOK In 3.70% 0.04% 0.13% 0.04% 0.07% 0.11% 0.25% 1.82% 0.37% 0.03% 0.06% 0.18% 0.80% 0.06% 0.12% 0.15% 0.10% 0.07% 0.05% 0.42% 0.97% 0.02% 0.12% 0.09% 0.10% 0.17% 0.07% 0.29% 0.22% 0.05% 0.34% 100.03% Unitholders % of Net Assets Attributable to % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 # ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 劙擹 ) (GBP) 伶⃫ (USD) (3,176) ( 297,462 303,054 527,787 827,344 235,380 443,344 464,485 922,326 748,619 543,025 412,873 191,393 888,327 659,752 750,537 549,906 347,750 1,000,115 1,958,302 2,816,697 1,401,095 6,176,475 1,189,277 3,231,354 7,492,879 1,278,484 2,240,994 1,698,456 2,579,420 28,322,186 14,012,641 ⶪῤ ( Market Value 10,732,556 10,729,380 10,732,556 Index Fund # ⶪῤ Market Value (0.03%)

100.03% 100.00%

0.17% 0.05% 0.02% 0.72% 0.59% 0.17% 0.10% 0.08%

⿺䓇㫏㳚⣏旮㊯㔘➢慹 Hang Seng Continental European 5,360 4,855 2,830 22,875 17,435 75,938 88,561 19,942 25,493 26,608 13,453 30,982 94,101 26,502 37,390 44,171 51,277 10,306 11,423 30,205 32,767 90,411 Holdings 385,245 748,942 105,776 195,313 114,297 195,024 110,138 Holdings 1,077,574 ➢慹ấ桅㔘䚖

1,286,354 409,421 131,366 5,503,470 4,569,081 1,274,687 773,020 619,789

Ǆ ᶲⶪ㈽峬 ➢慹ấ桅㔘䚖 France ⚥⭞ / Country / Listed Investment Tryg A/S Nokian Renkaat Oyj AtoS Finland Arkema SA 13,536 Neste Oil Oyj Nokia (AB) Oy 0.02% Kesko Oyj 0.01% Fortum Oyj 0.10% 0.13% Orion Corp 0.08% Metso OYJ 0.02% Kone Corp 0.00% 0.03% 0.07% 1.58% Stora Enso Oyj 0.04% 0.00% Sampo Oyj 0.13% William Demant Hldgs 0.33% AXA 0.16% BIC SA 0.07% Vestas Wind Systems 0.47% 0.14% 0.05% Wartsila OJY ABP 0.07% Biomerieux 0.05% UPM Kymmene OY 0.38% Bollore 0.11% BNP Paribas 0.09% Bouygues SA 1.66% Casino Guichard-Perrachon SA 0.06% Cap Gemini 0.09% Bureau Veritas SA 0.20% Cie de St Gobain 0.18% Christian Dior SA 0.02% Carrefour Supermarche SA 0.10% CNP Assurances SA Ǆ⧠ᰦᓄԈҸᵜส䠁ส䠁㇑⨶Ӫ৺䈕ส䠁Ⲵส䠁㇑⨶ӪⲴ㇑⨶䍩⭘࠶࡛Ѫ᤹䍴ӗ 㖍䘬㈽峬乬⎰⤪ᶳ烉 % of Net Assets 30 㚰䘬峬ṏⅨῤ䘦↮㭼 6 ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders ⸜ ǋ䈕ส䠁ǌ ) 劙⚥ United Kingdom 㲐ℴ炾ㆸ䩳⛘䁡 Place of Incorporation/ Registration 2015 5 7 Ḷ ) 劙擹 ) 66,694 121,993 789,622 989,255 601,379 166,466 215,669 500,804 271,376 509,198 374,190 544,740 347,072 831,937 695,242 452,111 670,387 143,864 740,349 1,035,658 2,503,048 1,213,477 3,489,237 1,077,084 2,940,534 1,521,483 伶⃫ 1,347,085 21,757,402 12,148,909 12,778,400 ⶪῤ ( Market Value

0.30% 0.08% Accor SA Aeroports de Paris (ADP) 0.13% Air France-KLM SA 0.04% Air Liquide (L) 0.14% 0.08% Airbus Group NV Alcatel-Lucent 2.82% Alstom SA 5,702 29,437 40,108 68,472 110,812 550,557 42,873

䭉䎮ˤ 2,202 6,783 7,635 9,560 13,205 28,642 40,409 55,035 21,033 14,476 15,859 13,150 19,882 17,568 57,383 22,739 15,437 33,767 20,528 31,970 19,950 22,282 23,327 44,591 11,743 14,160 Holdings (GBP) 159,518 181,367 157,332 158,868 369,042

2,337,087 624,493 981,168 335,637 1,105,236 647,637

Net Assets Attributable to Unitholders ǄਟԈҸᵜส䠁ਇᢈӪⲴਇᢈӪ䍩⭘৺䈕ส䠁ਇᢈӪⲴਇᢈӪ䍩⭘Ⲵᙫ઼ᴰ儈Ѫ᤹䍴ӗ߰٬䇑⇿ᒤ 0.06% as at 30 June 2015 Other Net Liabilities ৺ 0.10% 㖍 Total cost of investments - USD10,928,753 Unlisted Investments Total Investments 30 Equity Fund 㚰 6 ⸜

ᶲⶪ㈽峬 ➢慹ấ桅㔘䚖 ᵜส䠁ਚᣅ䍴Ҿ HSBC Index Tracker Investment Funds – European Fund (

⿣㈽峬ㆸ㛔宍➢慹䓙 HSBC Global Asset Management (UK) Limited Investment Portfolio (continued) 2015 Investments HSBC Index Tracker Investment Funds - European Index Fund* ㈽峬朆ᶲⶪ㈽峬偉䤐➢慹 ⿣㈽峬ⶪῤ HSBC Index Tracker Investment Funds - European Fund ℞Ṿ峬ṏ峇ῢ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ ( The investment portfolio of the HSBC Index Tracker Investment Funds - European Fund as at 30 June 2015 was follows: OMV AG Vienna Insurance Group Verbund AG ߰٬䇑⇿ᒤ 0.65% # The Fund investedFund are 0.65% and 0.10% of the net asset value per annum respectively. The maximum aggregate trustee fee payable to Trustee and the trustee of Underlying Fund are up to 0.06% net asset value per annum. solely in units of the HSBC Index Tracker Investment Funds - European Index Fund (the "Underlying Fund"). Currently, the management fee payable to the Manager of the Fund and the manager of the Underlying * ⚥⭞ / Country / Listed Investment Austria Telekom Austria KBC Bancassurance Holdings NV #iii * Fund managed by HSBC Global Asset Management (UK) Limited. Groupe Bruxelles Lambert SA Andritz AG AGEAS AP Moller - Maersk AS VoestAlpine AG Proximus SASolvay SATelenet Group Holding SAUCB SAUmicoreDenmark 9,710 27,833 11,223 24,228 21,494 GDF Suez Raiffeisen Bank International AG Anheuser-Busch InBev NV Immofinanz AG Anheuser-Busch InBev Erste Group Bank AG Carlsberg A/S Delhaize Group Colruyt SA BPOST SA Chr Hansen Holding A/S Belgium Danske Bank AS Coloplast A/S ISS A/S DSV A/S Jyske Bank AS Pandora A/S Novozymes AS Novo Nordisk A/S ㈽峬乬⎰炷井炸 Lundbeck (H) A/S TDC A/S 15 97.02% % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ঐส䠁ԭ仍ᤱᴹӪ Attributable to Unitholders (GBP) 劙擹 ) 22,542,566 26,721,709 20,978,428 704,112,250 683,133,822 Market Value ⶪῤ ( 0.29% 0.35% 3.20% 2.45% 0.32% 0.85% 0.24% 3.56% 100.00%

3.80% 0.88% 1.80% 2.19% 0.26% 0.76% 2.98% 97,625 Holdings 279,582 441,663 578,807 183,680 404,906 1,546,800 3,431,980 2,038,161 ➢慹ấ桅㔘䚖 2,493,871 2,031,576 2,263,523 6,002,229 1,681,590 25,040,119 6,219,356 12,640,450 15,450,774 1,850,189 5,376,669 Other Net Assets Total Investments Utilities United Utilities Group Plc Severn Trent Plc National Grid Plc Sage Group PLC ARM Holdings Plc BT Group Plc Inmarsat Ltd Centrica Plc Net Assets Attributable to Unitholders 劙⚥ᶲⶪ㈽峬 UK Listed Investment Technology Telecommunications ⿣㈽峬ⶪῤ ℞Ṿ峬ṏⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ SSE Plc % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders 劙擹 ) 9,231,302 4,674,796 24,732,248 60,512,572 14,238,360 92,917,700 10,313,176 39,771,499 Market Value ⶪῤ ( 0.62% 3.52% 0.30% 0.23% 0.24% 0.67% 0.48% 1.74% 8.59% 0.98% 2.02% 0.34% 6.63% 13.19% 0.43% Technology Hardware & Equipment 0.15% 0.27% 0.24% Electricity 0.27% Mobile Telecommunications 0.21% 0.32% 4.46% 0.15% 3.75% 0.16% 1.46% 0.55% 0.16% 0.24% 0.21% 0.86% 2.28% 0.51% 0.47% Gas Water & Multiutilities 0.28% 0.56% 17,300,963 0.83% 0.85% 0.26% 0.21% 0.23% 0.32% 2.10% 1.32% 5.65% Vodafone Group PLC 10,894,113 2.95% 0.29% Software & Computer Services 1.16% Fixed Line Telecommunications 0.67% 0.57% Carphone Warehouse Plc (New) 407,980 65,919 55,200 89,474 81,267 46,340 87,145 Holdings (GBP) 106,737 101,236 636,268 406,946 271,416 241,051 136,152 127,951 416,469 210,326 322,975 205,934 322,599 376,420 409,545 802,075 414,833 321,611 367,700 334,128 160,763 315,754 206,403 517,486 395,142 2,603,056 7,478,622 1,993,667 1,046,374 2,434,929 1,297,008 1,395,611 1,658,932 2,004,105 321,715,488 ➢慹ấ桅㔘䚖 4,336,724 2,136,080 1,615,016 1,709,016 4,716,504 3,360,130 12,281,548 2,366,322 6,879,905 46,709,771 3,032,439 1,067,016 1,654,215 1,893,408 1,905,554 1,506,355 2,224,087 31,421,430 1,031,635 26,366,246 1,127,173 3,884,092 1,157,868 16,035,682 1,654,562 6,060,538 3,561,213 3,291,700 1,979,516 3,949,098 5,852,100 5,967,526 1,815,014 1,624,554 2,268,369 14,786,499 1,471,758 1,478,851 20,797,762 2,040,908 8,170,240 4,038,272 as at 30 June 2015 㖍 30 㚰 6 ⸜ straZeneca Group Plc Investment Portfolio (continued)

㈽峬乬⎰炷井炸 2015 Oil & Gas Oil & Gas Producers Wolseley Plc Travis Perkins Plc Intertek Group Plc G4S Plc Experian Plc Industrials Aerospace & Defense Construction & Materials Capita Plc Shire Plc Rolls-Royce Holdings Plc Bunzl Plc Royal Dutch Shell Plc London Stock Exchange Plc Hikma Pharmaceuticals Plc Direct Line Insurance Group PLCRSA Insurance Group PLC 563,850 Healthcare Health Care Equipment & Services St James's Place Capital Meggitt Plc General Industrials Industrial Engineering Industrial Transportation Support Services Babcock International Group Plc BP Plc Hargreaves Lansdown Plc Life Insurance Nonlife Insurance GlaxoSmithKline Plc Admiral Group Plc Real Estate Investment Trusts Land Securities Group Plc Old Mutual Plc Prudential Plc Intu Properties PLC 劙⚥ᶲⶪ㈽峬 UK Listed Investment General Financial Aberdeen Asset Management Plc Schroders Plc Legal & General Group Plc Standard Life PLC British Land Co Plc Hammerson Plc Smith & Nephew Plc A BAE Systems Plc CRH Plc Smiths Group Plc Weir Group Plc Royal Mail Plc Ashtead Group BG Group Plc Pharmaceutical & Biotechnology 3i Group Plc Aviva Plc 6.37% 0.05% 0.02% 0.15% 0.60% 0.07% 0.51% 0.10% 0.08% 0.01% 0.15% 0.08% 0.04% 0.10% 0.11% 1.65% 0.08% 0.45% 0.31% 0.07% 0.25% 7.36% 1.01% 0.06% 0.11% 0.57% 0.28% 0.11% 0.15% 0.10% 1.01% 0.18% 0.29% 0.09% 0.06% 0.09% 0.35% 0.40% 0.24% 0.12% 0.03% 0.12% 0.03% 0.07% 0.31% 0.14% 0.31% 0.06% 0.20% 0.04% 0.06% 0.60% 0.11% 0.13% 0.16% 0.01% 0.65% 0.11% 0.26% 0.21% 0.06% 0.08% 0.05% % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders 劙擹 ) (GBP) 72,456 350,062 180,959 554,339 783,872 622,649 102,239 644,077 280,395 738,641 880,225 629,802 566,689 441,993 817,941 867,560 768,175 695,156 454,448 692,607 915,510 239,494 921,792 243,761 482,017 511,333 294,021 464,111 880,925 965,449 845,235 434,284 643,785 387,260

1,173,097 4,644,361 3,923,567 1,170,761 3,430,025 2,405,467 1,943,416 7,731,333 4,377,319 2,141,591 1,115,864 7,801,958 1,392,703 2,246,386 2,671,058 3,092,907 1,874,715 2,361,851 1,095,998 2,399,905 1,513,338 4,641,112 1,198,167 5,033,543 2,032,132 1,586,493 49,075,381 12,654,141 56,713,021 ⶪῤ ( Market Value

0.22% 0.07% 0.09% 0.03% 0.04% 0.19% 0.69% 0.09% 0.71% 0.78% 0.25%

970 9,762 5,300 3,469 2,120 1,441 1,846 7,481

73,149 50,960 36,260 45,355 70,366 44,213 54,392 48,239 32,969 90,472 71,027 80,979 63,168 62,176 61,518 38,330 82,684 10,335 35,982 71,601 21,522 54,507 60,882 42,651 40,724 61,132 35,305 33,021 32,484 Holdings 189,871 397,625 137,142 916,161 305,056 855,904 202,097 128,302 201,462 519,580 208,800 416,716 211,922 596,051 907,191 313,560 187,792 116,054 635,256 215,476 288,067 290,765 2,851,424 1,084,232 1,252,555

1,702,509 521,660 721,245 223,552 279,691 1,424,771 5,284,797 698,796 5,467,309 6,018,006 1,900,569

ᶲⶪ㈽峬 ➢慹ấ桅㔘䚖 Switzerland Sweden ⚥⭞ / Country / Listed Investment Telefonica SA Skanska AB Adecco SA Credit Suisse GroupDKSH Holding AG 312,679 Actelion Ltd 20,420 Skandinaviska Enskilda Banken Repsol SA 0.25% 0.15% 0.06% Husqvarna AB 0.38% Holmen AB 0.20% Hexagon AB 0.17% Hennes and Mauritz AB 0.28% Getinge AB 0.09% Industrivarden AB 0.04% Enagas SA 0.07% Distribuidora Int de Alimentacion SA 0.09% Corporacion Financiera Alba 0.01% CaixaBank SA 1.05% Ericsson (LM) 0.04% Bankinter SA 0.27% Elekta AB 0.09% Bankia SA 0.11% Electrolux AB 0.02% Boliden AB 0.04% 0.28% Volvo AB 0.06% Trelleborg AB 0.16% 0.22% 0.23% Zardoya Otis SA 0.03% Mediaset Espana Communication SA 0.07% Lundin Petroleum AB 0.11% Mapfre SA 0.12% Kinnevik Investment AB 0.04% Investor AB 0.32% Gas Natural SDG 0.17% Ferrovial SA 0.02% Endesa SA 0.72% Banco de Sabadell SA 0.19% Banco Popular Espanol SA 0.12% Atlas Copco AB 0.06% Assa Abloy 0.55% Alfa-Laval AB 0.04% TeliaSonera AB 0.04% Tele2 AB 0.09% SwedBank AB 0.10% Swedish Match AB 0.06% Svenska Handlesbanken 0.29% 0.29% SKF AB 0.11% Dufry AG 1.07% Melker Schorling AB 5.26% Red Electrica Corporacion SA 0.41% Meda AB 6.35% Securitas AB 0.53% Inditex SA 0.10% Grifols SA 0.06% Banco Santander SA 0.02% Banco Bilbao Vizcaya Argentaria SA 0.03% EMS-Chemie Holding AG 0.05% Svenska Cellulosa AB - SCA 0.14% Nordea Bank AB 0.24% Sandvik AB 0.10% Iberdrola SA 0.27% Givaudan AG 0.11% Geberit AG 0.09% GAM Holdings AG 0.03% Galencia AG % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders 劙擹 ) 423,852 725,152 333,246 560,517 709,794 102,144 267,637 679,879 868,545 159,822 340,097 462,113 256,468 499,720 876,378 906,917 293,514 179,085 902,873 479,090 308,458 317,309 710,933 774,226 457,794 853,117 803,716 455,642 118,051 245,776 345,347 797,024 856,710 694,135 245,608 1,927,743 1,154,800 2,939,973 1,500,960 1,279,867 2,128,869 8,103,488 2,111,110 2,166,147 1,229,444 1,647,946 1,776,482 2,497,868 2,450,475 1,303,988 5,546,649 1,475,297 4,266,302 2,243,965 2,263,251 8,237,208 3,163,039 4,104,274 1,108,783 1,843,200 2,109,811 11,228,218 40,562,862 48,840,121 ⶪῤ ( Market Value

0.05% 0.00% Aryzta AG Baloise Holding AG 0.12% Banque Cantonale Vaudoise (BCV) 0.02% Barry Callebaut AG 0.07% Chocoladefabriken Lindt Sprungli AG 0.05% Cie Financiere Richemont SA 0.31% Clariant AG 567 207 9,299 102,138 16,632 386 53,606 1.45% ABB Ltd 451,750

5,122 9,383 34,987 40,593 34,741 49,644 66,174 61,561 43,776 19,475 18,827 92,700 21,916 16,343 40,824 15,954 64,961 54,829 16,104 69,986 63,008 48,527 93,911 13,217 51,050 10,180 16,104 58,737 75,014 12,900 54,130 19,694 34,910 81,861 15,404 83,289 33,806 33,955 Holdings (GBP) 138,839 617,669 772,321 191,309 198,713 214,097 380,386 162,918 431,251 266,160 155,263 311,252 961,524 181,848 178,863 109,113 122,288 149,151 283,804 171,926 3,273,714 2,407,471

410,943 26,177 923,386 179,478 560,105 397,779

as at 30 June 2015 㖍 30 㚰 6 ⸜ ᶲⶪ㈽峬 ➢慹ấ桅㔘䚖 Investment Portfolio (continued) 2015 Yara Intl ASA Telenor ASA NN Group NV Koninklijke Vopak NV Koninklijke Philips NV Koninklijke KPN NV Koninklijke DSM NV Koninklijke Ahold NV Salvatore Ferragamo SpA Saipem SpA Prysmian SpA Pirelli & Co SpA Parmalat SpA ING Groep NV Mediolanum SpA Heineken NV Mediobanca SpA Heineken Holdings NV Grandvision NV Subsea 7 SA Statoil ASA SeaDrill Ltd ArcelorMittal SA Altice SA Aegon NV Banco Comercial Portugues SABanco Espirito Santo SAEDP (Energias de Portugal)EDP Renovaveis SAGalp Energia SGPS SAJeronimo Martins SGPS SA 7,436,489 Spain 307,911 382,778 39,895 48,823 75,151 Portugal UnipolSai SpA TNT Express NV Unione di Banche Italiane SCPA Randstad Holdings NV OCI N.V. Telecom Italia SpA Snam SPA Intesa Sanpaolo SpA Luxottica Group SpA Gemalto NV Boskalis Westminster Groep NV ⚥⭞ / Country / Listed Investment Fondiaria - Sai SpA ASML Holding NV Schibsted ASA Schibsted A/S Norsk Hydro AS Orkla ASA Marine Harvest ASA Acciona SA Akzo Nobel NV DnB ASA Abertis Infraestructuras SA Norway Netherlands Unilever NV Unibail-Rodamco SE Unicredit SPA Tenaris SA Mediaset SpA Gjensidige Forsikring ASA Wolters Kluwer NV Reed Elsevier NV Terna SpA (Tras Elettricita Rete Nazio) Amadeus IT Holding SA Aena SA ACS (Actividades de Construccion) ㈽峬乬⎰炷井炸 Acerinox SA 16 0.13% 0.41% 0.89% 0.09% 0.16% 0.46% 0.02% 0.38% 0.11% 0.59% 0.18% 0.58% 0.14% 0.10% 0.07% 0.03% 0.08% 0.03% 0.00% 0.18% 0.09% 0.06% 0.04% 0.04% 0.18% 0.21% 0.04% 0.42% 0.01% 0.13% 0.03% 0.12% 0.70% 0.09% 0.72% 0.51% 0.05% 0.07% 0.29% 0.07% 0.42% 0.08% 0.08% 0.21% 0.03% 0.09% 0.17% 0.01% 0.21% 0.08% 0.10% 0.13% 0.17% 1.03% 0.06% 0.06% 0.07% 0.02% 1.29% 0.02% 0.18% 0.12% 0.51% 0.02% 0.05% 0.03% 0.12% 0.13% 0.23% 0.05% 18.97% % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ঐส䠁ԭ仍ᤱᴹӪ Attributable to Unitholders - 劙擹 ) (GBP) 55,002 980,932 682,156 173,786 821,338 749,837 516,855 216,322 594,366 231,661 664,188 458,972 292,776 280,711 271,912 113,482 256,859 908,846 658,444 382,823 533,622 513,604 604,547 590,076 194,253 720,356 605,644 737,239 998,195 442,083 446,704 555,708 163,408 190,544 953,627 146,022 390,008 251,264 906,288 358,852 3,139,976 6,822,738 1,266,048 3,529,905 2,886,532 4,497,852 1,395,488 4,453,631 1,057,083 1,403,010 1,364,658 1,627,014 3,196,910 1,056,499 5,380,786 5,556,221 3,952,612 2,214,696 3,225,171 1,629,444 1,329,596 1,630,363 1,314,085 7,927,559 9,934,339 1,409,347 3,881,722 1,018,816 1,768,373

ⶪῤ ( Market Value 145,516,323

545 7,012 5,008 7,335 2,961 7,698 6,220 7,484 5,103 4,221

67,360 80,642 37,000 23,511 18,205 71,707 21,316 41,868 23,607 28,970 46,917 56,235 36,527 32,864 25,694 19,451 20,526 78,409 10,114 42,221 46,144 30,452 16,877 28,631 35,215 96,180 42,364 21,049 22,835 75,786 27,967 24,179 15,454 57,956 48,320 11,990 84,411 12,768 38,059 Holdings 370,885 761,799 182,405 190,134 623,320 308,246 400,450 302,130 252,125 480,497 108,531 175,035 492,626 178,750 155,200 106,479 224,264 5,470,575 1,372,813

ᶲⶪ㈽峬 ➢慹ấ桅㔘䚖 ⚥⭞ / Country / Listed Investment Smurfit Kappa Group Ltd Italy Lanxess AG Ryanair Holdings Plc Ireland Greece 0.08% E.ON SE 0.15% Deutsche Wohnen AG 0.22% Linde AG 0.05% 0.04% Evonik Industries AG 0.59% Banca Monte Dei Paschi Di Siena 0.60% Deutsche Telekom AG 0.10% Greek Org of Football Prognostics (OPAP) 1.91% Atlantia SpA 0.25% Deutsche Post AG 0.03% Alpha Bank AE 1.34% Assic Generali 0.26% 1.17% 0.08% United Internet AG 0.13% MAN SE 0.15% CNH Industrial NV 0.10% Fielmann AG 0.39% Fraport AG 0.14% Banco Popolare Societa Cooperativa 1.65% Hellenic Telecommunications Organization 0.06% Bank of Ireland (Governor & Co of) 0.10% Irish Bank Resolution Corp 0.04% 0.20% Merck KGaA 0.02% Davide Campari - Milano SpA 0.20% National Bank of Greece SA 0.04% Volkswagen AG 0.05% Metro AG 0.22% Enel Green Power SpA 0.16% 0.45% 0.48% 0.02% Fresenius AG 0.04% Piraeus Bank SA 0.25% MTU Aero Engines AG 0.69% Exor SpA 0.42% Enel SpA 0.09% Fuchs Petrolub SE 0.04% Fresenius Medical Care AG & Co KGaA 0.16% Wacker Chemie AG 0.32% Porsche Automobil Holding SE 0.73% Osram Licht AG 0.70% Munchener Ruckvers AG 0.25% Fiat Chrysler Automobiles NV 0.05% Finmeccanica SpA 1.44% Ente Nazionale Idrocarburi Spa 0.05% GEA Group AG 0.37% RTL Group SA 0.09% Puma SE 0.46% Qiagen NV 0.11% Prosieben Sat.1 Media AG 0.44% Hannover Rueckversicherung SE 0.10% 0.11% 0.56% Wirecard AG 0.24% SAP SE 0.14% RWE AG 0.07% HeidelbergCement AG 0.09% 0.14% Zalando SE 0.08% Symrise AG 0.30% Suedzucker AG 0.03% Siemens AG 0.11% Hella KGaA Hueck & Co 0.31% Talanx AG 0.15% Henkel AG & Co KGaA 1.84% Telefonica Deutschland Holding AG 0.04% Hochtief AG 0.63% ThyssenKrupp AG 0.08% Hugo Boss AG 0.10% K&S AG 0.04% Infineon Technologies AG 0.03% Kabel Deutschland Holding AG 19.99% Kerry Group % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders 劙擹 ) 630,246 286,178 790,279 229,973 626,017 991,057 734,056 470,803 789,879 275,834 171,160 313,315 416,762 167,708 301,946 668,219 344,915 376,946 384,475 684,998 849,659 760,075 840,529 533,209 655,202 587,774 215,637 841,879 318,689 650,154 800,772 333,304 238,082 413,334

1,157,233 1,690,226 4,516,280 4,578,519 1,943,245 1,976,478 9,011,664 1,119,691 3,020,334 1,056,378 1,523,284 1,546,288 1,679,056 1,200,506 3,426,984 3,726,192 1,894,735 5,266,563 3,243,824 1,261,315 2,492,683 5,576,682 5,385,476 1,936,023 2,882,084 3,524,089 3,353,794 4,284,919 1,827,876 1,050,047 1,103,146 2,278,085 2,404,037 1,126,475 4,848,924 14,710,119 10,309,031 12,703,456 11,034,790 14,121,838 ⶪῤ ( Market Value 153,593,527

8,095 8,268 5,290 9,292 8,203 6,044 2,618 4,708 6,808 7,120 7,022 4,752 4,615 6,791 6,858 40,135 27,923 35,455 14,897 30,730 40,638 36,295 19,844 15,441 25,045 91,052 22,487 20,596 38,182 59,079 93,238 51,806 39,843 23,264 64,929 20,983 39,267 47,510 53,106 21,572 92,647 97,087 37,434 36,804 32,580 21,369 34,420 20,336 46,006 18,280 55,820 57,375 38,903 50,089 64,300 91,479 10,734 15,587 Holdings (GBP) 184,613 111,443 165,379 205,614 411,543 232,465 190,784 206,715 275,835 284,488 360,192 185,793 144,451 225,895 125,740 110,516

as at 30 June 2015 㖍 30 㚰 6 ⸜ ᶲⶪ㈽峬 ➢慹ấ桅㔘䚖 Investment Portfolio (continued) 2015 Edenred Eiffage SA Dassault Systemes SA Kering Bayerische Motoren Werke AG Danone SA Thales (ex Thomson-CSF) SA Bayer AG ⚥⭞ / Country / Listed Investment Credit Agricole SA Television Francaise (TF1) Wendel Investissement SA BASF SE Adidas AG Allianz AG Axel Springer SE Scor Regroupe SA Klepierre SA Celesio AG Brenntag AG Electricite de France SA Essilor International SA Beiersdorf AG Total SA Zodiac Aerospace SA SEB SA Lafarge SA Euler Hermes Group Valeo SA Lagardere S.C.A. Commerzbank AG Eurazeo SA Veolia Environnement SA Vinci SA Vivendi SA Vallourec SA Germany SES Legrand Promesses SA Deutsche Bank AG Daimler AG Continental AG Fonciere des Regions SA Eutelsat Communications SA Michelin (CGDE) LVMH Moet Hennessy Louis Vuitton L'Oreal SA Deutsche Boerse AG Deutsche Lufthansa AG Societe Generale Pernod-Ricard SA Numericable Group SA Orange Natixis Gecina SA GDF Suez Suez Environnement Co Technip SA Publicis Groupe SA Remy Cointreau SA ㈽峬乬⎰炷井炸 Peugeot SA ST Microelectronics Sodexo SA Rexel SA Renault SA Hermes International Group Eurotunnel SA Safran SA Icade SA Sanofi SA Schneider Electric SA Iliad SA Imerys SA Ipsen SA Ingenico SA JC Decaux SA 0.30% 0.06% 0.15% 0.16% 0.05% 0.03% 0.06% 0.06% 0.28% 5.18% 0.77% 0.18% 0.03% 0.10% 0.06% 0.22% 0.09% 0.35% 13.15% 99.97% Unitholders % of Net Assets ttributable to A % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders # ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) (GBP) 劙擹 ) 伶⃫ (USD) 2,259 272,997 668,159 705,662 227,103 131,920 258,663 242,814 774,819 130,636 448,236 280,997 933,495 405,788 (

1,323,337 1,222,312 3,347,776 1,503,260 22,480,693 57,228,163 ⶪῤ ( 7,864,925 7,862,666 7,862,666 ⶪῤ Market Value 100.00% 99.97% 0.03%

0.03% 0.08% 0.64%

0.22% 0.18% 0.41% 0.01% 0.04% 0.03% 0.25%

1.86% 0.72% 0.03%

0.09%

0.69%

0.02% 0.67% 0.04%

1.69% 0.12%

0.02% 0.14%

⿺䓇㖍㛔㊯㔘➢慹 Hang Seng Japan Index Fund # 6,800 8,600 8,800 5,900 18,400 35,600 20,300 99,000 83,200 44,900 39,300 14,800 10,100 40,000 12,300 31,000 41,700 36,900 33,700 95,100 77,000 45,000 38,000 25,000 15,000 55,700 22,000 22,700 95,000 30,600 Holdings 123,400 132,800 124,700 527,400 505,300 357,100 106,200 152,500

1,684,000 Holdings 5,792,630 Market Value ➢慹ấ桅㔘䚖 Market

➢慹ấ桅㔘䚖 145,235 350,925 2,777,448

958,653 1,787,704 766,441 47,102 127,764 1,063,965

160,598 140,306

3,124,305 377,685

3,012,467 93,815 2,921,105 192,456

542,029

7,350,999 83,723

620,312

ˤ ˤ䍘㖞⸼ẀḰ㛔➢慹➢慹䭉䎮Ṣ⍲宍➢慹䘬➢慹䭉䎮Ṣ䘬䭉䎮峡䓐↮⇓ᷢ㊱峬ṏ ˬ宍➢慹˭ ) Mitsubishi Motor Corp 㖍㛔ᶲⶪ㈽峬 Japan Listed Investment Nisshin Steel Holdings Co Ltd Sumitomo Rubber Industries Toyo Tire & Rubber Co Sumitomo Metal Mining Co Suzuki Motor Corp Nippon Steel & Sumitomo Metal Corp Toyota Tsusho Corp Takata Corporation Aisin Seiki Co Ltd Toyoda Gosei Tokai Rika Co Ltd Yamato Kogyo Co Ltd NGK Spark Plug Co Toyota Boshoku Corp Bridgestone Corp Calsonic Kansei Corp Consumer Goods Daihatsu Motor Co Ltd NHK Spring Co Ltd Nifco Inc Toyota Industries Corp Denso Corporation Exedy Corp Fuji Heavy Industries Toyota Motor Corp GS Yuasa Corp Nissan Motor Co Honda Motor Co JTEKT Corp Kayaba Industry Co Ltd Koito Manufacturing Co Nissan Shatai Co Yamaha Motor Co Ltd Mazda Motor Corp Yokohama Rubber Co NOK Corp NSK Ltd Stanley Electric Co Ltd Sumitomo Electric Industries 0.75% 0.04% 0.06% 0.07% 0.27% 0.07% 0.09% 0.33% 0.11% 0.38% 0.14% 0.05% 0.11% 0.06% 0.04% 0.04% 4.17% 㖍䘬㈽峬乬⎰⤪ᶳ烉 % of Net Assets 30 䘬峬ṏⅨῤ䘦↮㭼㚰 6 ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders 劙⚥ United Kingdom 㲐ℴ炾ㆸ䩳⛘䁡 Place of Incorporation/ Registration ⸜ 2015 劙擹 ) ) 188,159 755,009 250,858 288,334 292,439 371,423 473,906 626,210 210,098 474,529 253,274 189,198 187,899 Ḷ 3,237,928 1,174,122 1,444,050 1,662,668 18,091,738 ⶪῤ (

伶⃫

0.09% 0.05% 0.32% 0.12% 0.10%

0.17% 0.12%

0.06% 8,093,013 0.07% 0.10% 0.06% 0.12%

0.05% Automobiles & Parts

0.24% 0.07% 0.10%

0.05%

0.06% 0.15% 0.06% 0.10%

0.40%

䭉䎮ˤ 82,000 34,000 21,100 39,300 71,000 63,000 91,000 68,000 48,000 46,000 69,400 20,600 38,000 38,000 84,000 22,300 35,000 36,000 32,000 29,400 32,900 13,300 32,000 Holdings (GBP) 265,000 188,000 298,000 165,000 307,000 262,500 102,300 185,000 192,000 309,000 585,000 120,000 211,000 110,000 ➢慹ấ桅㔘䚖 Market Value

395,929 235,293 1,384,602 519,716 441,923

514,624

257,239 316,249 453,442 262,363 539,856

236,354

1,050,991 299,433 437,401

195,834

240,071 646,320 278,690 412,943

1,719,851

Net Assets Attributable to Unitholders ˤ⎗ẀḰ㛔➢慹⍿㈀Ṣ䘬⍿㈀Ṣ峡䓐⍲宍➢慹⍿㈀Ṣ䘬⍿㈀Ṣ峡䓐䘬⿣␴㚨檀ᷢ㊱峬ṏⅨῤ孉㭷⸜ 0.06% 0.10% as at 30 June 2015 Other Net Assets ⍲ 㖍 Total cost of investments - USD7,845,727 Unlisted Investments Total Investments 30 Equity Fund 㚰 6 ⸜

㛔➢慹⎒㈽峬Ḷ HSBC Index Tracker Investment Funds – Japan Index Fund(

⿣㈽峬ㆸ㛔宍➢慹䓙 HSBC Global Asset Management (UK) Limited Investment Portfolio (continued) ( The investment portfolio of the HSBC Index Tracker Investment Funds - Japan Fund as at 30 June 2015 was follows: 2015 朆ᶲⶪ㈽峬偉䤐➢慹 ⿣㈽峬ⶪῤ ℞Ṿ峬ṏⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ HSBC Index Tracker Investment Funds - Japan Fund HSBC Index Tracker Investment Funds - Japan Index Fund* ㈽峬㈽峬乬⎰炷井炸 Investments Ⅸῤ孉㭷⸜ 0.65% Shin Etsu Chemical Co Air Water Inc Nippon Paper Industries Co Ltd * * Fund managed by HSBC Global Asset Management (UK) Limited. 㖍㛔ᶲⶪ㈽峬 Japan Listed Investment Basic Materials JSR Corp #iii # The Fund investedFund are 0.65% and 0.10% of the net asset value per annum respectively. The maximum aggregate trustee fee payable to Trustee and the trustee of Underlying Fund are up to 0.06% net asset value per annum. solely in units of the HSBC Index Tracker Investment Funds - Japan Index Fund (the "Underlying Fund"). Currently, the management fee payable to the Manager of the Fund and the manager of the Underlying Chemicals Daido Steel Asahi Kasei Corp Daicel Corporation OJI Holdings Corp Showa Denko KK Industrial Metals & Mining Denki Kagaku Kogyo Kaneka Corp Dowa Holdings Co Ltd DIC Corp Kansai Paint Co Kuraray Co Sumitomo Chemical Co Ltd Hitachi Chemical Co Hitachi Metals Mitsubishi Chemical Hldgs Corp Taiyo Nippon Sanso Corp Mitsubishi Gas Chemical Co Inc JFE Holdings Inc Mitsui Chemicals Inc Nagase & Co Ltd Teijin Ltd Nippon Kayaku Co Nippon Paint Holdings Co Ltd Nippon Shokubai Co Toray Industries Inc Kobe Steel Nissan Chemical Industries Ltd Nitto Denko Corp Maruichi Steel Tube Ltd Tosoh Corporation UBE Industries Mitsui Mining & Smelting Co Ltd Zeon Corp Forestry & Paper 17 0.06% 0.28% 0.20% 0.11% 0.11% 3.81% 3.47% 0.03% 0.09% 0.06% 3.25% 0.18% 0.15% 0.12% 0.12% 0.75% 0.04% 0.25% 1.23% 0.12% 0.08% 0.50% 0.09% 0.21% 0.62% 19.90% % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders 劙擹 ) 434,568 845,937 877,478 241,749 686,675 430,861 946,902 887,586 302,946 929,058 608,515 717,650 2,138,305 1,548,164 1,347,736 1,187,398 5,772,357 1,951,088 9,477,089 3,853,015 1,616,421 4,743,149 34,679,422 29,287,275 26,704,942 25,016,383 ⶪῤ ( Market Value 768,881,937 734,202,515 153,039,377 100.00% 95.49% 4.51%

422 1,195 5,649 3,611 7,916 1,023 4,631 6,378 4,534 45,549 10,019 10,326 43,384 12,961 10,321 15,576 12,606 68,437 18,346 69,762 29,811 Holdings (GBP) 637,725 425,946 140,340 702,442

as at 30 June 2015 㖍 Other Net Assets 30 Total Investments 㚰 6 ⸜ ᶲⶪ㈽峬 ➢慹ấ桅㔘䚖 Investment Portfolio (continued) 2015 ⿣㈽峬ⶪῤ ℞Ṿ峬ṏⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ Net Assets Attributable to Unitholders ⚥⭞ / Country / Listed Investment Helvetia Holding AG Holcim Ltd Julius Baer Holdings Ltd Kuehne & Nagel AG Lonza Group AG Nestle SA Novartis AG Pargesa Holding AG Partners Group Holding AG PSP Swiss Property AG Roche Holdings AG Schindler-Holdings AG SGS SA Sika AG

㈽峬乬⎰炷井炸 Sonova Holding AG Sulzer AG Zurich Insurance Group AG Swatch Group AG Swiss Life Holding SA UBS Group AG Swiss Prime Site AG Swiss Re Ltd Swisscom AG Syngenta AG Transocean Ltd 0.10% 0.02% 0.05% 0.29% 0.36% 0.05% 0.16% % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders 劙擹 ) (GBP) 97,229 233,835 210,140 426,227 715,917

8,827,220 1,264,444 1,553,745 ⶪῤ (

Market Value 2.05% 0.06% 0.03% 0.04%

0.14% 0.06% 0.36% 0.10% 0.05% 0.18% 0.01% 0.44%

0.13% 0.06% 0.09% 0.17% 0.16% 0.08% 0.16% 0.08% 0.03% 0.04% 0.92% 0.22% 0.04% 0.11% 2.48%

0.09% 0.05% 0.05% 0.32% 0.37% 0.54% 0.10%

1.09% 0.17% 0.04% 0.03% 0.23% 0.02% 0.08% 0.03% 5.52% 0.04% 0.24% 0.09% 0.07% 0.07% 0.12% 0.10% 0.08% 0.08% 0.02%

0.08% 0.23% 0.05% 0.04% 0.97% 0.16% 0.04%

0.05% 0.04% 7,200 2,700 1,800 9,300 10,000 78,000 63,600 44,800 31,700 15,900 38,300 34,500 86,000 16,600 48,000 12,000 24,200 22,100 14,500 44,300 76,600 63,000 54,900 13,500 22,250 16,300 28,000 20,000 65,800 18,200 15,100 79,500 65,000 Holdings 135,000 240,000 211,000 191,000 439,600 138,300 154,100 119,000 136,000 ➢慹ấ桅㔘䚖 266,759 109,019 183,607

626,444 240,012 1,568,159 446,469 48,170

559,998 222,212 770,788 250,344 379,331 729,487 676,757 1,918,699 357,767 696,464 338,136 140,176 972,584 155,266 494,458

157,566 3,987,259 209,236 238,473 1,408,949 1,627,030 2,343,849

722,176 399,655 184,776 140,441 1,001,520 417,945 326,278 4,733,261 178,284 402,750 103,428 285,341 510,929 119,372 449,244 349,817 1,062,130 311,001 83,370 350,745

325,878 1,004,215 185,083 231,471 715,956

231,367 152,263 154,061 㖍㛔ᶲⶪ㈽峬 Japan Listed Investment Sawai Pharmaceutical Co Nippo Corp Sumitomo Osaka Cement Co Ltd Obayashi Corp Shionogi & Co Ltd Taiheiyo Cement Corp Sanwa Holdings Corporation Sumitomo Dainippon Pharma Co Ltd Taisei Corp Nihon Kohden Corp Alfresa Holdings Corp Asahi Glass Co Ltd Alps Electric Co Sumitomo Realty & Development Co Ltd Suzuken Co Ltd Toda Corp Nipro Corp Astellas Pharma Inc COMSYS Holdings Corp Azbil Corporation Chugai Pharm Co Ltd Cosmos Pharmaceutical Corp Daiichi Sankyo Co Ltd Otsuka Holdings Co Ltd Toto Ltd Taisho Pharmaceutical Holdings Co Ltd Eisai Co Ltd Healthcare Takeda Pharmaceutical Co Ltd Tsumura & Co BIC CAMERA Inc Hisamitsu Pharmaceutical Co Inc Sysmex Corp Rohto Pharmaceutical Co Ltd Industrials Fuji Electric Co Ltd Terumo Corporation Topcon Corporation Santen Pharmaceutical Co Fujikura Furukawa Electric Co Ltd 0.18% Mochida Pharmaceutical Co Ltd 1.75% Nippon Shinkayu Co Ltd 0.12% 0.51% Ono Pharmaceutical Co Ltd 0.09% 9.80% % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders 劙擹 ) 764,302 532,380 388,296 7,588,112 4,448,208 7,697,383 2,216,841 42,490,076 11,529,908 ⶪῤ (

0.65%

0.06% Electronic & Electrical Equipment 0.04% 0.09% 0.49% 0.09% 0.41% 0.04% Sumitomo Real Estate Sales Co Ltd 3,000 0.09% 0.04% 0.03% 0.01% 0.12%

0.29% Seibu Holdings Inc 38,000 0.03% 0.87% 0.21% Tokyo Tatemono 40,500 1.03% Shimizu Corp 130,000 0.04% 0.04% 0.08% 0.09% 0.04% 2.97% 1.51% 0.16% Tokyu Fudosan Holdings Corporation 100,800 0.08% 10,826,821

1.77% 0.00% 0.10% Olympus Corp 64,100 0.04% 0.04% 0.13% 0.04% 0.10% 0.69% Daito Trust Construction Co 15,200 0.80% 0.03% Pola Orbis Holdings Inc 3,900 0.04% Haseko Corp 55,700 0.03% 0.02% Iida Group Holdings Co Ltd 32,200 0.10% Healthcare Equipment & Services 0.38% 24,051,512 0.09% 0.04% Kissei Pharmaceutical Co Ltd 0.37% Kobayashi Pharmaceutical Co Ltd 6,400 6,600 0.56% Kajima Corp 171,000 0.05% Kyorin Co Ltd 9,200 0.03% Kyowa Hakko Kirin Co 54,000 0.04% Miraca Holdings Inc 11,000

0.04% 0.78% 0.04% 0.06% Kaken Pharmaceutical 14,000 0.09% Kandenko Co 21,000 0.09% MediPal Holdings Corp 33,800 0.09% Mitsubishi Tanabe Pharma Corp 44,700 0.04% 0.26% Construction & Materials 0.03% 0.05% Kinden Corp 22,000

0.07% 0.10% 4,255,116 0.07% Lixil Group Corporation 56,700 0.11% Pharmaceuticals & Biotechnology 2.65% Maeda Road Construction 13,000 0.03% 9,300 6,600 9,200 6,600 23,300 79,500 45,000 81,000 71,000 21,400 59,000 22,000 76,900 57,000 72,000 41,000 34,000 18,000 52,000 35,900 68,000 39,000 60,000 53,000 73,800 93,000 31,800 39,000 52,500 49,000 49,000 32,000 51,000 54,000 55,400 Holdings (GBP) 108,200 115,000 267,500 131,600 142,000 229,000 142,000 761,000 116,000 171,000 348,000 269,000 462,600 144,000 130,400 318,000 136,000

2,817,000 4,764,200 ➢慹ấ桅㔘䚖 Market Value

2,814,369 277,745 194,161 385,836 2,143,833 388,686 1,794,794 182,391 388,914 184,839 119,542 60,397 527,532

1,248,003 116,995 3,758,756 893,184 169,800 156,358 347,806 395,590 174,015 12,878,571 6,560,436 688,441 360,225

12,533 441,231 165,820 182,682 564,244 191,370 433,599 3,016,072 3,452,432 139,989 174,488 120,628 83,601 436,866 1,658,594 403,968 158,321 1,606,956 2,442,276 196,380 151,408 174,908

154,892 3,365,680 154,554 264,140 369,715 384,200 408,151 167,535 1,129,851 122,904 226,867 319,174 432,967 301,325 484,797 136,709 as at 30 June 2015 㖍 30 㚰 6 ⸜ Investment Portfolio (continued)

㈽峬乬⎰炷井炸 2015 Aeon Mall Co Ltd Acom Co Ltd Dai-Ichi Life Insurance CoMS & AD Insurance Group Holdings 225,060 㖍㛔ᶲⶪ㈽峬 Japan Listed Investment Awa Bank Ltd Hachijuni Bank Juroku Bank Ltd Matsui Securities Ltd Daikyo Inc Shizuoka Bank Sumitomo Mitsui Financial Group Sony Financial Holdings IncT&D Holdings Inc 34,600 AEON Financial Service Co Ltd Sompo Japan Nipponkoa Holdings Inc Aiful Corp Tokio Marine Holdings Inc Bank of Kyoto (The) Bank of Yokohama Higo Bank Ltd Kagoshima Bank Ltd Mitsubishi UFJ Lease & Finance 99,900 Hulic Co Ltd 70,100 Chiba Bank Sumitomo Mitsui Trust Holdings Inc Non-Life Insurance Aplus Financial Co Ltd Hiroshima Bank Ltd Keiyo Bank Ltd Mitsubishi UFJ Financial Group Inc Mizuho Financial Group Chugoku Bank Ltd Daishi Bank Ltd Suruga Bank Ltd Century Tokyo Leasing Corp Nomura Holdings Inc 698,800 Mitsubishi Estate Co Ltd 252,000 Hokkoku Bank Ltd Musashino Bank Ltd Nanto Bank Ltd Orient Corp Fukuoka Financial Group Inc Gunma Bank Credit Saison Co Real Estate & Investment Services Daiwa Securities Group Inc Hokuhoku Financial Group Inc Okasan Securities Group Inc Resona Holdings Inc Orix Corporation 258,100 Senshu Ikeda Holdings Inc Yamaguchi Financial Group Hitachi Capital Corp Mitsui Fudosan Co 189,000 Hyakugo Bank Ltd Nishi-Nippon City Bank Ltd (The) North Pacific Bank LtdSan-In Godo Bank Ltd 55,700 SBI Holdings Inc 42,200 Seven Bank Ltd Shiga Bank Ltd Shinsei Bank Ltd JAFCO Co Ltd Japan Exchange Group Inc 54,700 Tokai Tokyo Financial Holdings Inc 49,000 Nomura Real Estate Holdings Inc 23,900 Hyakujushi Bank Ltd Iyo Bank Ltd Zenkoku Hosho Co Ltd 13,300 Joyo Bank Life Insurance NTT Urban Development Corp 21,600 General Financial 18 0.05% 0.14% 0.06% 0.98% 0.04% 0.07% 0.04% 0.08% 0.10% 0.08% 0.18% 0.05% 0.37% % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders (GBP) 劙擹 ) 196,528 592,132 241,029 187,099 291,743 187,910 360,854 418,564 340,308 788,263 223,383

4,244,769 1,595,073 20,185,853 ⶪῤ ( 0.02% 0.13% 0.05% 0.07% 0.06% 0.04% 0.06% 0.22% 0.02% 0.04% 0.10% 0.09% 0.11% 0.13% 0.13% 0.07%

0.06% 0.08% 4.11% 0.23% 4.68% 0.13% 0.14% 0.11% 0.10% 0.71% 0.02% 0.30% 0.19% 0.09% 0.06% 0.04% 0.34% 0.01% 1.00% 0.08% 0.47% 0.10% 0.35% 0.05% 0.05% 0.06% 0.08% 1.00% 0.19% 0.05% 0.03% 0.02% 0.09% 0.02% 0.01% 0.18%

0.14% 1.04% 0.10% 0.02%

0.05% 0.17%

0.39%

4,800 6,300 7,900 9,000 7,900 7,500 6,900 7,600 6,900 7,100 8,200 7,600 4,300 6,000 8,200 5,400 13,100 21,017 22,600 43,300 42,400 27,600 35,298 19,500 99,000 73,000

57,000 37,800 10,600 10,800 15,000 44,800 37,700 17,500 12,400 10,700 15,700 49,500 75,600 72,300 49,500 23,000 28,100 23,700 10,200 88,000 42,000 48,700 59,000 12,700 15,200 20,500 Holdings 136,600 252,000 103,000 121,000 201,000 231,000 232,000 142,600 124,000 233,000 155,300 354,000 174,000 124,000 155,227 Market Value ➢慹ấ桅㔘䚖 Market

231,938 162,515 94,872 261,381 347,811 946,751 381,613 550,790 549,387 984,289 556,964 570,443 292,294 262,762 611,847 176,176 486,917 254,138 451,580 100,082 432,673 475,340 283,361 1,287,482 814,774 402,089 159,631 58,264 431,254 1,538,961 231,886 214,245 3,060,307 85,500 250,458 337,213 4,325,198 277,796 1,475,924 4,330,407 351,599 220,293 95,933 375,001 66,781

767,072 822,020 592,631 130,989 45,940 414,106

221,946

87,330

736,487 1,705,592

Ryohin Keikaku Co Ltd Asatsu-DK Inc Matsumotokiyoshi Holdings Co Ltd Don Quijote Holdings Co Ltd USS Co Ltd Yamada Denki M3 Inc Heiwa Corporation HIS Co Ltd Keihan Electric Railway Co Ltd Keio Corp Tokyu Corp Aozora Bank Ltd 㖍㛔ᶲⶪ㈽峬 Japan Listed Investment Lawson Inc Dena Co Ltd UNY Group Holdings Co Ltd Kakaku.com Inc Hankyu Hanshin Holdings Tobu Railway Co 77th Bank Sugi Holdings Co Ltd Japan Airlines Co Ltd Keikyu Corp Aeon Co Ltd Dai Nippon Printing ANA Holdings Inc Financials Banks West Japan Railway Co Sundrug Co Ltd Keisei Electric Railway Co Fast Retailing Co Ltd Nippon Television Holdings Inc Aoyama Trading Co Dentsu Inc Central Japan Railway Co Autobacs Seven Co Ltd Fuji Media Holdings Inc Tsuruha Holdings Inc Sankyo Co Ltd H2O Retailing Corp Sanrio Co Ltd Seven & I Holdings Co Ltd Benesse Corp Hakuhodo DY Holdings Incorporated East Japan Railway Co J Front Retailing Co Ltd Tokyo Broadcasting System HD Kintetsu Corp Isetan Mitsukoshi Hldgs Ltd Izumi Co Ltd Shochiku Co Ltd Sky Perfect JSAT Holdings Inc Toho Co Ltd TV Asahi Corp Nagoya Railroad Co Ltd Shimachu Corp Sotetsu Holdings Inc Komeri Co Ltd K's Holdings Corp Shimamura Co Odakyu Electric Railway Co Ltd Oriental Land Co Ltd Marui Group Co Ltd Takashimaya Co Resorttrust Inc Nitori Holdings Co Ltd Park 24 Co Ltd Rakuten Inc 0.04% 0.04% 0.11% 0.19% 1.89% 0.07% 0.13% 1.86% 0.06% 0.10% 0.10% % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders 劙擹 ) 185,899 464,032 818,640 307,264 566,224 259,063 445,822 438,098 158,414

4,691,947 5,492,126 8,200,150 8,067,958 14,946,584 ⶪῤ (

0.09% 0.04% 0.03% 0.07% 0.04% 0.07% 0.71% 0.04% 0.95% 0.05% 0.14% 0.20% 17,813,702 0.37% 0.03% 0.33% 0.44% 0.07% 0.11% 0.14% 0.06% 1.10% 0.08% 0.09% 0.13% 0.15% 0.26% 0.10% 0.04% 0.05% 0.04% 2,070,421 0.03% 0.02% Media

0.08% 0.05%

3.44% 1.08% 1.27% 0.34% General Retailers 0.05% 0.07% 0.12% 0.53% 0.07% 0.03% 0.04% 0.16%

0.17% 0.85% 0.06% 4,501,154 0.27% 0.31% Travel & Leisure 0.01%

0.26% 0.10% Nishi-Nippon Railroad Co 76,000 0.04% 0.25%

7,800 4,500 4,900 6,200 7,900 2,900 68,000 26,500 78,000 79,900 14,600 12,800 38,900 37,000 64,900 52,000 12,400 11,300 25,100 15,000 14,700 45,800 25,000 10,500 19,300 20,000 25,200 35,000 38,000 26,300 15,100 30,000 14,700 92,500 22,700 38,000 70,100 36,600 27,000 14,100 15,700 21,800 29,000 78,000 21,700 39,000 70,500 59,000 52,700 15,700 18,900 Holdings (GBP) 228,700 105,000 129,000 209,900 113,200 167,000 423,550 316,000 177,000 ➢慹ấ桅㔘䚖 Market Value

391,128 175,142 113,433 324,106 171,837 288,005 3,100,269 160,775 4,113,650 231,892 609,187 866,041 1,616,115 146,994 1,446,698 1,912,442 295,567 478,661 608,516 265,075 4,756,041 362,766 394,152 574,989 638,369 1,143,509 449,223 189,167 206,362 154,811 150,789 67,890

331,734 228,258

1,463,090 213,413 305,744 515,796 2,286,932 304,297 118,414 177,827 686,864

755,287 3,700,824 244,664 1,157,639 1,362,426 41,320

1,125,962 436,695 179,351 1,065,870

as at 30 June 2015 㖍 30 㚰 6 ⸜ Investment Portfolio (continued)

㈽峬乬⎰炷井炸 2015 㖍㛔ᶲⶪ㈽峬 Japan Listed Investment Beverages Sapporo Breweries Rinnai Corp Sony Corp Nexon Co Ltd Food & Drug Retailers Sekisui Chemical Co Asahi Group Holdings Ltd Coca-Cola East Japan Co Ltd Coca-Cola West Co Ltd Ajinomoto Daiwa House Industry Co Ltd Bandai Namco Holdings Inc ABC-Mart Inc Asics Corp Citizen Holdings Co FP Corp Kao CorpKose Corp Lion Corp Japan Tobacco Inc 104,800 FamilyMart Co Ltd Ito En Ltd Makita Corp PanaHome Corp Consumer Services Calbee Inc Hoshizaki Electric Co Ltd Casio Computer Co Ltd Wacoal Holdings Corp Ezaki Glico Co Ltd Konami Co Ltd Toyo Suisan Kaisha Ltd Suntory Beverage & Food Ltd Sekisui House Yamaha Corp Takara Holdings Inc Sumitomo Forestry Co Kagome Co Ltd Kirin Holdings Co Ltd Nisshinbo Holdings Inc Consumer Services House Foods Group Inc Konica Minolta Inc Food Producers Leisure Goods Personal Goods Kewpie Corp Kikkoman Corp Nikon Corporation Nintendo Co LtdPanasonic Corp Sega Sammy Hldgs Inc Sharp Corp 21,500 Onward Holdings Co Ltd Yakult Honsha Co Ltd Meiji Holdings Co Ltd Shimano Inc Pigeon Corp Mitsubishi Shokuhin Co Ltd Yamazaki Baking Co Ltd Shiseido Co Ltd Tobacco Toyobo Co NH Foods Ltd Uni-Charm Corp Nichirei Corp Household Goods & Home Construction Nisshin Seifun Group Inc Nissin Food Holdings Co Ltd Skylark Co Ltd % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders 劙擹 ) 2,964,613 7,297,458 11,799,765 ⶪῤ ( 422,193,595 433,993,360

97.28% 100.00% 2.72% 0.08% 0.23% 0.25% 0.09% 0.16% 0.37% 0.69% 0.07% 0.19% 0.25% 1.68% 37,300 92,500 30,800 95,100 Holdings (GBP) 394,000 154,500 102,000 471,000 310,400 ➢慹ấ桅㔘䚖 Market Value

353,534 989,487 1,088,240 384,269 682,538 1,590,857 293,366 819,336 1,075,832 as at 30 June 2015 㖍 Other Net Assets 30 Total Investments 㚰 6 ⸜ Investment Portfolio (continued) 2015

㈽峬乬⎰炷井炸 ส䠁ԭ仍ᤱᴹӪⲴ䍴ӗ߰٬ ⿣㈽峬ⶪῤ ℞Ṿ峬ṏⅨῤ 㖍㛔ᶲⶪ㈽峬 Japan Listed Investment Hokuriku Electric Power Osaka Gas Co Net Assets Attributable to Unitholders Kansai Electric Power Toho Gas Co Ltd Kyushu Elec Power Tokyo Gas Co Ltd Shikoku Electric Power Co Inc Tohoku Electric Power Co Inc Tokyo Electric Power Co Inc Gas, Water & Multiutilities 19 0.03% 0.01% 0.07% 0.32% 0.03% 0.31% 0.06% 0.30% 3.27% 0.05% 0.08% % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders 劙擹 ) (GBP) 61,943 134,429 291,555 123,462 250,984 212,951 331,443 3,702,326 2,817,160 1,376,755 1,326,110 1,322,947 14,176,321 ⶪῤ (

Market Value 0.78% 0.04% 1.62% 3.82% 1.31% 0.86% 0.65% 0.03% 0.04%

0.16% 0.18% 0.69% 0.30%

0.09% 0.06% 0.04% 0.28% 0.91% 0.39% 0.03% 0.05% 0.02% 0.31%

0.04% 0.07%

0.08% 0.07% 0.03% 0.10% 0.63% 0.05% 0.10%

0.38% 0.04% 0.99% 0.05% 0.04% 0.23% 0.13% 0.16% 0.98% 0.05% 0.03% 0.48% 0.29% 0.11% 0.21% 0.19% 0.04% 0.14%

0.02% 0.02% 0.14%

3.81% 9,800 9,100 4,500 6,600 8,800 6,100 9,600 3,200 13,500 36,600 25,100 13,500 35,700 36,900 10,100 33,800 34,200 18,500 20,100 27,400 50,300 62,100 15,800 20,800 10,000 19,700 71,000 38,300 10,500 91,200 19,000 42,000 55,700 56,000 Holdings 187,400 130,000 332,000 141,300 183,400 482,000 206,700 119,300 266,100 519,000 139,400 354,000 ➢慹ấ桅㔘䚖 3,365,390 174,415 7,020,071 5,674,882 1,280,948 116,940 193,148 697,789 383,022 802,327 266,333 1,211,595 3,934,972 2,976,965 1,705,065 124,437 223,760 68,734 1,339,624 170,793 175,594 303,175

338,827 453,225 452,871

1,658,245 158,488 4,277,531 2,748,426 289,831 117,606 576,328 683,076 222,414 204,413 230,928 490,342 170,081 1,000,548 919,948 810,576 168,268 628,365

71,883 67,344 113,652 2,072,625 1,258,955 601,278

Start Today Co Ltd Softbank Corp Cosmo Oil Co Utilities Shinko Electric Industries Colopl Inc Sumco Corp Hikari Tsushin Inc OBIC Co Ltd Hokkaido Electric 㖍㛔ᶲⶪ㈽峬 Japan Listed Investment NTT Data Corp Electric Power Development Co Ltd Technology Tokyo Electron Ltd Marubeni Corp Capcom Co Ltd Advantest Gree Inc Chubu Electric Power Oracle Corp Japan Inpex Corp Idemitsu Kosen Co Ltd SCSK Corp JX Holdings Inc Japan Petroleum Exploration Co Ltd CyberAgent Co Ltd Anritsu Corp Canon Inc Nippon Tel & Corp Chugoku Electric Power Brother Industries Yahoo Japan Corp Square Enix Holdings Co Ltd Trend Micro Inc Nomura Research Institute Ltd Telecommunications Itochu Techno-Solutions Corp Japan Display Inc NEC Corp Ricoh Co Showa Shell Sekiyu KK NS Solutions Corp Canon Marketing Japan Inc Fujifilm Holdings Corp Fujitsu Rohm Company Ltd Screen Holdings Co Ltd Seiko Epson Corp Tonen General Sekiyu KK Oil & Gas 0.25% 0.05% 0.11% 0.55% 0.27% 0.05% 0.05% 0.02% 0.05% 0.08% 0.10% 0.08% 0.04% Fixed Line Telecommunications 6.18% % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders 劙擹 ) 86,129 229,969 466,641 200,864 212,044 327,238 419,250 367,238 218,714 173,584

1,100,250 2,375,378 1,192,896 4,339,949 4,110,190 29,530,497 26,799,673 ⶪῤ (

0.06% 0.10% 0.07% 16,544,846

0.06% NTT Docomo Inc 276,300 0.12% 0.13% 0.02%

0.09% 0.06% KDDI Corp 369,700 0.05% Electricity 0.19% 0.03% 0.02% Mobile Telecommunications 0.12% 0.50% Recruit Holdings Co Ltd 66,000 0.03% 0.05% 0.09% 0.21% 0.11% 0.57% 0.05% 0.14% Software & Computer Services

0.14% Mitsubishi Corp 0.06% Secom Co 281,300 41,300 0.89% Mitsui & Co 344,600 0.56% Otsuka Shokai Co Ltd 0.06% 10,200

6.80% 0.06% Sohgo Security Services Co 13,500 0.09% 0.22% 0.99% 0.04% 0.06% 0.06% 0.72% Sumitomo Corp 224,100 0.11% 0.74% 0.57% 0.38% 0.12% 0.05% 4,219,176 1.17%

0.49% Temp Holdings Co Ltd 8,900 0.56% 0.58% 0.08% Hitachi High-Technologies Corp 12,900 0.08% 0.21% 0.04% 0.09% 0.10% 0.10% Technology Hardware & Equipment 0.10% Toppan Forms Co Ltd 8,200 0.94%

0.17% Toppan Printing Co 113,000 1.02% 16,439,392 0.21% 0.50% 0.06% Oil & Gas Producers 8,700 6,600 5,000 31,000 28,000 27,600 39,800 45,000 21,000 50,000 73,100 54,000 73,000 10,500 84,300 22,500 35,000 53,100 12,400 22,000 25,600 24,500 72,000 44,000 90,000 39,000 25,000 34,100 23,000 23,800 10,200 11,800 53,800 44,900 32,000

Holdings (GBP) 161,000 322,000 283,000 292,200 249,000 923,000 249,200 117,000 759,000 113,000 307,000 ➢慹ấ桅㔘䚖 Market Value

242,315 454,243 308,662 271,815 570,568 503,639 91,908

402,051 274,886 221,010 152,609 838,220 98,793 2,149,515 517,742 118,554 233,960 407,392 900,059 490,856 2,455,201 197,149 608,127 601,205 248,473 3,869,586 2,430,625 263,194

242,253 384,593 977,313 189,313 277,328 270,365

3,123,754 473,236 3,230,695 2,468,874 1,660,431 528,612 222,273 5,082,636

2,129,338 2,421,973 2,512,081 345,547 347,656 910,901 166,345 379,675 416,122 423,258 426,328 735,125

4,428,646 918,088 2,181,197 264,182 as at 30 June 2015 㖍 30 㚰 6 ⸜ Investment Portfolio (continued)

㈽峬乬⎰炷井炸 2015 Mitsubishi Logistics CorpMitsui OSK LinesNankai Electric Railway Co LtdNippon Express Co 29,000 108,000 223,000 Kawasaki Kisen Kaisha 181,000 Nippon Yusen KK Seino Holdings Co Ltd IHI Corp Fukuyama Transporting Co 㖍㛔ᶲⶪ㈽峬 Japan Listed Investment Hamamatsu Photonics KK Omron Corp Rengo Co Ltd Hitachi Construction Machinery Yaskawa Electric Corp Hitachi Transport System Ltd Yamato Holdings Co Ltd Shimadzu Corp Japan Airport Terminal CoKamigumi Co Ltd 11,600 46,000 Amada Co Ltd Itochu Corp Lintec Corporation Mitsubishi Materials Corp Hoya Corp Ibiden Co LtdTaiyo Yuden Co 23,100 Chiyoda Corp Daikin Inds (Kogyo) Hirose Electric Co Hitachi Japan Aviation Elec Ind Ltd 14,000 Sojitz Holdings Corporation Isuzu Motors SMC Corporation DMG Mori Seiki Co Ltd Disco Corp Ushio Inc TDK Corp Keyence Corp 9,100 Toshiba Corp Japan Steel Works Ltd JGC Corp Sumitomo Heavy Industries Ltd Industrial Transportation Ebara Corp Fanuc Corp Toshiba Tec Corp Kyocera Corp 64,400 Toyo Seikan Group Holdings Ltd Kawasaki Heavy Industries Misumi Corp LtdMitsubishi Electric CorpMitsubishi Heavy Industries 638,000 393,000 Tadano Corp 52,400 THK Co Ltd TS Tech Co Ltd Support Services Glory Ltd Hino Motors Ltd Yokogawa Elec Corp Mabuchi Motor Co 10,600 Komatsu LtdKubota CorpKurita Water Industries 23,300 189,700 249,000 Mitsui Engineering & Shipbuilding Co 151,000 Nabtesco CorpNTN Corporation 23,800 104,000 Minebea 70,000 Industrial Engineering Murata Manufacturing Co 39,900 Okuma Corporation General Industrials NGK Insulators 56,000 NIDEC Corp 45,800 Nippon Electric Glass 82,000 0.12% 0.12% 0.05% 0.08% 0.06% 0.02% 0.04% 0.04% 0.14% 0.04% 0.08% 0.04% 0.02% 0.02% 0.05% 0.02% 0.25% 0.11% 0.07% 0.02% 0.11% 0.02% 0.09% 0.16% 0.05% 0.10% 0.04% 0.07% 0.12% 0.14% 0.09% 0.11% 0.05% 0.10% 0.13% 0.15% 0.01% 0.04% 0.15% 0.07% 0.04% 0.04% 0.08% % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders 劙擹 ) (GBP) 90,280 58,220 96,309 89,921 96,690 40,894 51,344 54,676 46,610 59,845 33,228 91,601 89,183 142,039 130,841 206,448 187,115 357,771

627,659 111,351 260,895 183,228 268,856 230,965 392,741 130,594 257,748 110,500 170,775 306,421 350,696 218,416 273,246 244,097 320,252 361,802 135,874 103,731 375,652 165,471 210,190 ⶪῤ (

0.14% 0.03% 0.04% 0.17% 0.04% 0.03% 0.09% 16.22%

0.24% 0.04%

0.02% 0.03% 0.42% 0.23% 0.07% 0.30% 0.13%

0.39% 0.17% 0.05% 0.03% 0.07% 0.07% 0.90% 0.14% 0.06%

0.04% 0.07% 0.62%

0.05% 0.13% 0.05%

937 971 938 6,599 6,598 2,717 4,400 8,653 4,070 3,940 6,410 5,886 1,390 6,810 4,230 9,647 8,591 2,110 8,833 3,610 3,140 2,038 3,466 8,120 9,334 2,373 5,718 1,898 8,080 1,012 7,210 3,540 6,064 37,648 74,900 12,550 17,240 37,903 10,446 88,400 20,700 19,789 10,397 32,231 81,000 23,116 28,890 18,290 11,205 19,618 26,002 24,179 445,533 247,750 394,122 239,000 314,200 108,200 151,980 163,500 217,000 419,000 176,484 246,800 139,620 468,000 285,000 215,943 105,750 134,200 257,000 167,200 857,150 Holdings ➢慹ấ桅㔘䚖 Market Value

87,172 418,933 82,979 308,511 340,612 299,481

68,700 1,045,699 181,450 746,903 320,634 969,783 419,993 123,904 69,476 80,392 164,659 163,158 2,224,528 343,467 142,428 86,844 230,289 598,650 95,148

98,051 51,405 174,701 576,474 1,534,146

119,515 123,886

331,540

g c ᶲⶪ㈽峬 morepacific Corp morepacific Group Television Broadcasts Ltd Shui On Land Ltd Shun Tak Hldgs Sino Land Company SJM Holdings Limited Xinyi Solar Holdings Ltd Yue Yuen Industrial Holdings Korea Swire Properties Ltd Techtronic Industries Co Doosan Heavy Ind & Contruction Ltd Doosan Infracore Co Ltd GS Holdings Inc e-Mart Co Ltd Halla Visteon Climate Control Hana Financial Holdings Hanwha Chemical Corp Towngas China Co Ltd United Company Rusal Plc Hyundai Mobis Vtech Holdings Ltd WH Group Ltd Wharf (Hldgs) Hyundai Motor Co Ltd ⚥⭞ / Country / Listed Investment Tingyi Holdings Corp A A Hyundai Merchant Marine BNK Financial Group Inc Shangri-La Asia Shougang Fushan Resources Group Sun Art Retail Group Ltd Sun Hung Kai Properties Swire Pacifi Wheelock and Company (HongKong) Wynn Macau Ltd Xinyi Glass Holding Co Ltd Texwinca Holdings Ltd GS Engineering & Construction Corp Uni-President China Holdings Ltd Want China Holdings Ltd Hyundai Securities Co Hyundai Mipo Dockyard Co Ltd Hanwha Corporation Hanwha Life Insurance Co Ltd Hotel Shilla Co Ltd Hanjin Shipping Co Ltd Hankook Tire Co Ltd Hyundai Steel Co Hyundai Wia Corp Celltrion Inc Cheil Communications Inc Hite Jinro Ltd Hyosung Corp Hyundai Department Store Co Cheil Industries Inc Hyundai Development Co Hyundai Eng & Construction Co CJ Cheiljedang Corp Hyundai Glovis Co Ltd Hyundai Heavy Industries Co CJ Corp Hyundai Marine & Fire Insurance Co. Ltd. CJ Korea Express Corp Hyundai Hysco Co Ltd Coway Co Ltd Daelim Industrial Company Daewoo Engineering & Construction Co Lt 0.02% Dongbu Insurance Co Ltd 0.04% 0.02% 1.38% DGB Financial Group Inc 0.07% Doosan Corp 0.03% 0.09% 0.08% 0.01% 0.03% 0.08% 0.08% 0.08% 0.45% 0.04% 0.40% 0.04% 0.10% 0.15% 0.00% 0.03% 0.03% 0.02% 0.04% 0.04% 0.06% 0.22% 0.05% 0.05% 0.23% 0.07% 0.06% 0.01% 0.28% 0.03% 0.04% 0.50% Daewoo Securities Co 0.09% 0.03% 0.22% Daewoo International Corp 0.23% Daewoo Shipbuilding & Marine Engineerin % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders 23 劙擹 )

71,402 35,330 71,944 37,580 94,875 43,048 95,583 65,590 84,663 42,539 95,285 24,229 86,178 99,511 78,339

165,847 225,314 209,985 196,213 203,136 193,535 990,703 106,490 250,995 377,071 103,167 145,379 533,305 126,216 111,745 576,516 163,688 159,672 696,948 222,520 547,304 577,132 3,424,362 1,104,052 1,226,543 77,149,424 ⶪῤ (

31.16% 0.08% 1.11% 0.00% 0.45% 0.57% 0.01% 0.22% 0.03% 0.04% 40,157,490 0.87% 0.06% 0.47% Daum Kakao Corp 4,163

0.13%

0.17% 0.04% 0.02% 0.06% 1.38% 0.43%

0.63% 0.07% 0.45% 2.56% 0.02% 0.08% 0.04% 0.15% 0.04%

2.62% 0.50% 0.15%

0.27% 0.09%

28,629 71,009 42,300 83,559 92,514 71,200 81,760 46,709 84,218 44,000 91,000 31,150 66,400 58,750 65,600 37,070 75,650 28,000 61,000 47,152 20,300 99,200 26,500 98,710 33,050 144,393 250,914 400,405 163,476 881,206 152,600 120,260 247,700 163,000 149,268 128,000 446,000 198,874 247,086 403,905 132,550 304,000 146,400 463,900 166,200 170,850 296,500 747,548 313,600 205,000 106,000 244,150 180,119 336,000 290,500 693,209 177,875 509,647 297,675 182,350 275,000 744,348 271,850 289,500 132,642

Holdings (GBP) 1,558,840 3,207,600 ➢慹ấ桅㔘䚖 Market Value

203,773 2,754,207 1,118,334 1,957 1,403,525 27,806 556,017 69,554 95,092 2,153,901 145,649 1,175,187

326,907

415,026 97,142 44,093 146,320 3,406,691 1,074,911 1,547,627 162,505 1,123,008 6,346,176 48,617 207,210 106,217 382,675 100,382

6,488,534 1,228,955 365,321

671,314 223,619

d y as at 30 June 2015 s 㖍 30 㚰 6 A ⸜ ᶲⶪ㈽峬 AC Technologies Holdings Inc IA Group Ltd SM Pacific Technolog Investment Portfolio (continued)

㈽峬乬⎰炷井炸 2015 Wesfarmers Ltd Westfield Corp Westpac Banking Cheung Kong Property Holdings LtdChina Huarong Energy Co LimitedChina Mengniu Dairy CoChina Oceanwide Holdings Limited 364,870 506,000 573,000 175,400 China Travel Intl Inv 340,000 Woolworths Limited Hong Kong & China Gas WorleyParsons Ltd Hong Kong Exchange & Clear Hopewell Highway Infrastructure Ltd Hopewell Holdings Huabao International Holdings Limited Hutchison Telecom HK Holdings Ltd Hysan Development Kerry Logistics Network Ltd Kowloon Development Co Ltd Bank of East Asia Sa Intl Holdings Ltd Brightoil Petroleum (Holdings) Ltd Cafe de Coral Hldgs Ltd Cathay Pacific Airway Prada Sp CK Hutchison Holdings LimitedCLP Holdings Limited 364,670 ⚥⭞ / Country / Listed Investment TPG Telecom Ltd Transurban Group Treasury Wine Estates Ltd Westpac Banking Corporation Ltd Whitehaven Coal Ltd Woodside Petroleum Ltd A A A Chow Tai Fook Jewellery Company Limite Champion Real Estate Inv Trust Cheung Kong Infrastructure Hldgs Ltd 77,504 Hong Kong Johnson Electric Holdings Limited Kerry Properties Ltd BOC Hong Kong Holdings Ltd Samsonite International SA Power Assets Holdings Ltd L'Occitane International SA Melco Crown Entertainment Ltd Link REIT Li & Fung Ltd Li Ning Co Lifestyle International Holding Ltd Sands China Ltd Semiconductor Manufacturing Intl Corp Dah Sing Banking Group Ltd Macau Legend Development Ltd Melco International Development Ltd Dah Sing Financial Holdings MGM China Holdings Ltd Esprit Holdings Ltd MTR Corporation New World China Land Limited FIH Mobile Ltd New World Development Co NWS Holdings Ltd PCCW Ltd First Pacific Co Ltd Parkson Retail Group Galaxy Entertainment Group Ltd Orient Overseas Intl Ltd Global Brands Group Holding Ltd Goldin Financial Holdings Ltd Hang Lung Properties Ltd Hang Seng Bank Great Eagle Hldgs Henderson Land Development Co 20 0.24% 0.44% 0.14% 0.10% 0.14% 0.67% 0.20% 0.49% 0.25% 0.05% 0.06% 0.58% 0.03% 0.12% Unitholders % of Net Assets Attributable to % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ # Attributable to Unitholders ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 劙擹 ) (GBP) 伶⃫ 73,397 7,045 (USD) ( 495,063 341,106 239,459 342,759 134,328 139,982 305,146 1,668,719 1,212,625 1,089,896 1,438,184 ⶪῤ (

10,372,457 10,365,412 ⶪῤ Market Value 100.00% 99.93% 0.07% 99.93%

0.05% 0.22% 0.04%

0.48% 0.09% 0.08% 0.16% 0.33% 0.04% 0.14% 0.17% 0.08%

0.20% 0.21% 0.06% 0.03% 0.05% 0.04% 0.03% 2.23% 0.03% 0.07% 0.20% 0.21% 0.63% 0.01% 0.25%

0.20% 0.34% ⿺䓇⣒⸛㲳㊯㔘➢慹 Hang Seng Pacific Index Fund # 䚖 7,010 5,702 41,332 22,611 51,885 87,535 16,787 54,740 55,824 22,772 44,409 47,929 41,344 29,820 39,331 57,519 70,423 39,165 32,180 99,014 54,750 129,374 166,057 690,865 304,809 140,155 107,688 188,536 556,113 138,898 176,710 216,259 302,215 357,554 472,722 140,710 661,673 156,669 151,325 120,016 338,581 147,240 143,208 Holdings Holdings 2,516,709 ➢慹ấ桅㔘 ➢慹ấ桅㔘䚖 Market Value

604,363 610,750 1,180,542 406,899 824,142 351,228 427,395 187,045

115,144 541,874 91,120 504,299 527,293 134,761 214,504 205,456 86,756 64,812 5,511,745 80,462

498,450 160,023 80,417 109,009 172,801 486,868 517,280 1,558,025 29,723 630,028

837,748 10,365,412 . ˤ䍘㖞⸼ẀḰ㛔➢慹➢慹䭉䎮Ṣ⍲宍➢慹䘬➢慹䭉䎮Ṣ䘬䭉䎮峡䓐↮⇓ᷢ㊱峬ṏ ˬ宍➢慹˭ ) ᶲⶪ㈽峬 Recall Holdings Ltd Santos Limited Suncorp Group Ltd Sonic Healthcare Ltd South32 Limited Stockland Ltd Sydney Airport Tabcorp Hldgs Ltd Tattersall's Ltd Telstra Corporation Ltd Sims Metal Management Ltd Ramsay Health Care Limited Qantas Airways Ltd QBE Insurance Group Ltd Iluka Resources Limited Incitec Pivot Limited Insurance Australia Group Ltd Macquarie Atlas Roads Medibank Private Ltd Mirvac Group Nufarm Limited ⚥⭞ / Country / Listed Investment Healthscope Limited Scentre Group Seek Ltd REA Group Ltd Orica Limited Orora Ltd OZ Minerals Limited Perpetual Trustees Australia Platinum Asset Management Ltd Oil Search Limited IOOF Holdings Ltd James Hardie Industries Plc Lend Lease Group Macquarie Group Ltd Metcash Ltd National Australia Bank Ltd New Hope Corp Ltd Newcrest Mining Limited Shopping Centres Australasia Prop Group Rio Tinto Ltd Seven West Media Limited Origin Energy Limited 0.02% 0.15% 1.03% 0.08% 0.28% 0.19% 0.06% 0.05% 0.18% 0.06% 0.12% 0.05% 㖍䘬㈽峬乬⎰⤪ᶳ烉 % of Net Assets 㚰 30 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders ⸜ 6 劙⚥ United Kingdom 㲐ℴ炾ㆸ䩳⛘䁡 Place of Incorporation/ Registration ) 劙擹 ) 40,112 Ḷ 2015 367,433 194,749 693,285 479,786 150,726 116,652 442,099 141,010 293,171 133,395

伶⃫ 2,551,165 ⶪῤ (

0.05% 0.24% 0.05% 0.09% 0.12% 0.06% 0.13% 0.05% 0.27% 0.06% 0.09% 0.12% 0.20% 0.12%

3.54% 2.22% 0.11% 0.42% 0.22% 0.10% 0.14% 0.10% 0.42% 0.45% 0.23% 0.17% 0.27% 0.06% 2.27%

0.04% 䭉䎮ˤ 7,450 7,392 64,205 35,999 68,385 13,150 69,560 47,708 58,040 87,077 52,870 19,859 80,986 24,910 50,443 65,575 60,370 73,192 99,482 35,057 73,532 58,680 49,171 57,103 208,636 306,024 423,809 226,252 229,378 106,709 123,921 210,694 415,435 200,477 316,970 154,030 378,209 143,819 126,631 266,386 220,187 356,933 Holdings (GBP) ➢慹ấ桅㔘䚖 Market Value

121,889 604,790 124,191 227,373 289,546 139,777 311,052 297,738 122,252 661,737 151,153 233,801 302,777 485,734

8,765,702 284,415 5,491,896 1,038,538 545,678 241,489 351,587 237,007 1,032,788 1,112,706 579,156 411,542 667,853 150,113 5,616,872

107,309 Net Assets Attributable to Unitholders ˤ⎗ẀḰ㛔➢慹⍿㈀Ṣ䘬⍿㈀Ṣ峡䓐⍲宍➢慹⍿㈀Ṣ䘬⍿㈀Ṣ峡䓐䘬⿣␴㚨檀ᷢ㊱峬ṏⅨῤ孉㭷⸜ 0.06% as at 30 June 2015 Other Net Assets ⍲ 0.10% 㖍 Total cost of investments - USD10,804,951 Unlisted Investments Total Investments 30 Equity Fund 㚰 6 ⸜

ᶲⶪ㈽峬㛔➢慹⎒㈽峬Ḷ HSBC Index Tracker Investment Funds – Pacific Index Fund( 宍➢慹䓙 HSBC Global Asset Management (UK) Limited delaide Brighton Ltd GL Energy Ltd LS Ltd lumina Ltd mcor Ltd MP Ltd nsell Ltd PA Group ristocrat Leisure Ltd sciano Limited SX Ltd urizon Holdings Ltd usNet Services ust and NZ Bank Group ⿣㈽峬ㆸ㛔 er annum. Investment Portfolio (continued) ( The investment portfolio of the HSBC Index Tracker Investment Funds - Pacific Fund as at 30 June 2015 was follows: 2015 朆ᶲⶪ㈽峬偉䤐➢慹 ℞Ṿ峬ṏⅨῤ HSBC Index Tracker Investment Funds - Pacific Fund ⿣㈽峬ⶪῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ HSBC Index Tracker Investment Funds - Pacific Index Fund* Investments ㈽峬乬⎰炷井炸㈽峬 * Fund managed by HSBC Global Asset Management (UK) Limited. Fortescue Metals Group Ltd Fairfax Media Ltd Federation Centres Flight Centre Travel Group Ltd Goodman Group GPT Group GWA Group Limited Harvey Norman Hldgs # The FundUnderlying invested Fund solely are in 0.65% units and of 0.10% the of HSBC the Index net Tracker asset Investment value per Funds annum - respectively. Pacific The Index maximum Fund aggregate (the trustee fee "Underlying payable Fund"). to Currently, the the Trustee management and the fee trustee payable of to the the Underlying Manager Fund are of up the to Fund 0.06% and of the the manager net of asset value the Echo Entertainment Group Ltd Cochlear Ltd Coca-Cola Amatil Ltd Computershare Ltd CSR Limited Dexus Property Group * ⚥⭞ / Country / Listed Investment Australia A A A A A A A A A A A A A A p #iii Commonwealth Bank of Australia BHP Billiton Limited Brambles Ltd Caltex Australia Ltd Challenger Ltd Cimic Group Ltd Bendigo and Adelaide Bank Ltd Bank of Queensland Limited DuluxGroup Ltd Crown Ltd Downer EDI Limited CSL Limited Ⅸῤ孉㭷⸜ 0.65% BlueScope Steel Ltd Boral Limited 0.13% 0.07% 0.17% 0.14% 0.13% 0.03% 0.01% 0.11% 0.07% 0.04% 0.02% 0.04% 0.00% 0.03% 0.03% 0.04% 0.12% 0.04% 0.16% 0.03% 0.01% 0.02% 0.19% 0.13% 0.03% 0.03% 3.63% 0.00% 0.05% 0.15% 0.11% 0.30% 16.73% % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders - 劙擹 ) 6,082 (GBP) 85,909 19,351 99,960 65,806 52,811

64,461 86,022 63,729 19,433 55,668 70,008 319,785 162,579 432,576 326,265 184,770 282,447 102,000 105,219 105,180 288,249 384,723 461,819 316,013 126,070 368,931 281,857 746,133 8,973,746 41,420,891 ⶪῤ (

0.04% 0.02%

0.15% 0.04% 0.05% 0.02% 0.28% 0.66% 0.30% 0.44% 0.01% 0.02% 0.09% 0.02% 0.17% 0.13% 0.01% 0.21%

0.02% 0.08% 0.04% 0.02% 0.07% 0.06% 0.07% 0.07% 0.20%

0.05% 0.02% 0.27% 0.17% 0.04% 0.03% 0.02% 0.06% 0.02%

0.13% 0.02% 0.03% 0.04%

0.00%

0.04%

3,000 9,100 61,322 97,050 39,300 37,000 55,400 28,181 47,000 73,739 95,000 72,768 57,000 53,600 96,000 50,500 57,700 45,800 63,700 78,800 34,550 56,000 60,960 43,200 36,607 31,700 49,000 116,445 172,440 416,864 980,308 951,800 181,605 384,255 458,508 242,000 167,789 151,500 188,005 736,482 220,318 343,421 342,969 517,853 226,470 196,300 509,200 757,700 183,000 570,300 603,085 106,000 451,867 115,987 308,239 181,008 181,905 217,570 112,000 386,900 146,500 135,500 232,020 179,790 216,200 110,400 Holdings 1,136,815 1,256,929 1,066,591 1,296,749 1,247,100 1,551,161 3,099,289 ➢慹ấ桅㔘䚖 Market Value

334,609

59,319

1,634,998 1,098,844 742,910 409,990 311,397 515,957

188,846 142,643 163,643 177,926 496,555

679,831 417,160 107,912 71,610 148,641 40,286 86,543 374,159 89,859 119,442 39,073 684,505 23,608 50,075 226,422 46,888 325,414 36,122

38,182 48,248 70,328 95,658 40,734 166,408 108,528

127,093 48,355 58,561

91,605

s y k c ᶲⶪ㈽峬 dvanced Info Services Pub Co irports of Thailand Co Ltd Yulon Motor Co Ltd Yulon Nissan Motor Co Ltd Sinopac Financial Holdings Synnex Technology Intl Corp Taishin Financial Hldgs Co Ltd Taiwan Cement Corp Taiwan Fertilizer Co Ltd Yuanta Financial Holding Co Ltd Thailand Taiwan Cooperative Financial Holding Shin Kong Financial Holdings Co Ltd Siam Cement Public Company Ltd Transcend Information Inc Unimicron Technology Corp Taiwan Business Ban ⚥⭞ / Country / Listed Investment Teco Electric & Machiner A A MediaTek Inc Mega Financial Holdings Co Ltd Nan Ya Plastic Co Ltd Nan Ya Printed Circuit Board Corp Nanya Technology Corp Novatek Microelectronics Ltd Oriental Union Chemical Pegatron Corp Pou Chen Corp President Chain Store Quanta Computer Inc Realtek Semiconductor Corp Finance One Glow Energy Public Co Ltd Home Product Center PCL Indorama Ventures PCL IRPC Public Co Ltd Intouch Holdings PCL Ton Yi Industrial Corp Bangkok Dusit Medical Services Co Ltd Bangkok Life Assurance PCL Berli Jucker PCL Big C Supercenter Public Co Ltd BTS Group Holdings PCL Central Pattana Pub Co Ltd CP ALL Public Co Ltd Delta Electronics (Thai) PCL Co Ltd Siliconware Precision Industrie Thai Airways International Public Co Ltd TPK Holding Co U-Ming Marine Transport Co Uni-President Enterprises Corp United Microelectronics Vanguard Intl Semiconductor Corp Walsin Lihwa Elec Wire & Cable Wan Hai Lines Ltd Wistron Corp Yang Ming Marine Transport Corp YFY In Taiwan Glass Ind Corp Taiwan Mobile Co Ltd President Securities Corp Land & House Public Company Ltd Land and Houses PCL Banpu Public Co Ltd BEC World Public Co Ltd Dhana Siam Finance Public Co Ltd SIAM City Cement Pub Taiwan Secom Co Ltd Taiwan Semiconductor Manf Co Minor International PCL Electricity Generating Co PTT Exploration & Production Pub Co Ltd PTT Global Chemical PCL PTT Public Co Ltd Ratchaburi Elec Gen Holding Pub Co Ltd 0.03% 0.02% 0.02% 0.76% 0.18% 0.10% 0.68% 0.33% 0.40% 0.17% 0.37% 0.08% 0.38% 0.04% 0.13% 0.48% 0.12% 1.32% 0.08% 0.03% 0.02% 0.07% 7.49% 0.02% 0.19% 0.08% 0.06% 0.13% 0.17% 0.07% 0.07% % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders 劙擹 ) 44,766 45,024 83,683 92,260 49,947 65,450 55,968 46,958

446,780 252,520 819,683 995,015 422,846 927,362 191,269 317,411 289,954 195,445 951,399 178,408 477,301 205,510 144,799 332,342 420,071 167,803 175,246 1,876,801 1,692,123 1,186,531 3,273,909 18,515,528 ⶪῤ (

0.06% 0.05% 0.05%

0.08% 0.23%

0.39% 0.02% 0.02% 0.08% 0.02% 0.79% 0.09% 0.06% 0.02% 0.13% 0.16% 0.16% 0.13% 0.11%

0.05% 0.34% 0.15% 0.04% 0.03% 0.02% 0.14% 0.13% Charoen Pokphand Foods PCL 393,800 0.02% 0.15%

0.28% 0.09% 0.13% 0.02% 0.30% 0.46% 0.02% 0.07% 0.14% 0.02%

0.07% 0.04% 0.03% 0.35%

0.16%

7,000 50,050 90,323 75,550 32,390 71,766 90,000 12,766 44,764 90,706 58,532 39,980 62,344 29,000 65,640 36,337 53,000 61,050 49,766 88,000 97,588 310,000 155,324 308,799 490,681 273,000 944,040 117,500 583,272 407,354 115,561 107,000 107,000 206,720 201,610 539,487 136,700 137,521 937,725 386,066 261,555 868,082 250,413 215,362 229,060 511,415 207,653 949,682 454,913 800,990 300,740 286,000 446,539 239,606 267,000 189,000 126,500 111,927 570,309 275,479 246,504 635,903 908,555 331,000 398,305

Holdings (GBP) 1,852,987 1,613,592 1,910,328 1,127,241 1,637,795 1,266,081 ➢慹ấ桅㔘䚖 Market Value

140,921 118,079 122,457

195,569 561,715

956,642 61,169 45,499 209,330 55,348 1,958,238 212,279 143,499 52,587 332,594 395,632 398,280 314,175 261,267

118,943 851,639 368,522 108,629 71,011 51,217 344,633 319,236

369,892

689,984 226,214 317,092 58,880 741,440 1,139,083 41,461 162,880 337,251 54,663

169,128 107,535 75,310 872,066

402,332

as at 30 June 2015 c 㖍 30 㚰 6 c ⸜ ᶲⶪ㈽峬 cer In dvanced Semiconductor Engineering Inc dvantech Co Ltd sia Cement Corp sustek Computer Inc U Optronics Corp Investment Portfolio (continued)

㈽峬乬⎰炷井炸 2015 China Development Financial Hldg Co China Motor Co Ltd China Steel Corp Suntec REIT United Overseas Bank Ltd China Airlines Chunghwa Telecom Co Ltd Wilmar International Ltd Wing Tai Holdings Singapore Telecommunications Limited Largan Precision Co Ltd United Overseas Land Ltd Starhub Ltd Venture Corp Ltd Chicony Electronics Co Ltd CTBC Financial Holding Co Ltd ⚥⭞ / Country / Listed Investment M1 Limited Neptune Orient Lines Noble Group Limited Olam International Ltd Overseas Chinese Banking Corp Sembcorp Industries Ltd Sembcorp Marine Limited SIA Engineering Co Ltd Singapore Airlines Ltd Singapore Exchange Limited Singapore Press Holdings Singapore Technologies Engineering Ltd A A A A A A Compal Electronics Formosa Taffeta Co Foxconn Technology Co Ltd Fubon Financial Holding Co Ltd Giant Manufacturing Hermes Microvision Inc e.Sun Financial Holdings Ltd Eva Airways Corp Evergreen Marine Corp Far Eastern Intl Bank Ltd Far Eastern New Century Corp Far Eastone Telecom Co Ltd Feng Hsin Iron & Steel Co First Financial Holding Co SMRT Corporation Ltd Macronix International Co Ltd Capital Securities Corp Catcher Technology Co LtdCathay Financial Hldg Co LtdCathay Real Estate Development Co LtdChang Hwa Commercial Bank Cheng Shin Rubber Ind Cheng Uei Precision Industry Co Ltd 118,000 1,025,490 93,208 Yangzijiang Shipbuilding Holdings Ltd Singapore Post Limited Hon Hai Precision Ltd Hotai Motor Company Ltd Epistar Corp Eternal Chemical Co Ltd Formosa Chemical & Fibre Lite-On Technology Corp Yanlord Land Group Ltd Delta Electronics In HTC Corp Formosa Petrochemical Corp Formosa Plastics Taiwan Hua Nan Financial Hldg Co Ltd Innolux Corp Inotera Memories Inc Inventec 21 0.08% 0.14% 0.39% 0.06% 0.82% 0.03% 0.01% 0.15% 0.08% 0.04% 0.14% 0.06% 0.04% 0.10% 0.08% 0.07% 0.16% 0.13% 0.04% 0.04% 4.83% 0.04% 0.07% 0.06% 0.05% 0.11% 0.02% 0.01% 0.04% % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders 劙擹 ) (GBP) 32,271 75,340 97,235 90,784 45,040 20,627 89,992

137,343 104,787 354,674 150,721 969,227 248,755 198,243 205,787 183,951 365,853 384,294 310,637 100,423 109,431 183,198 138,161 132,683 283,552

2,035,140 11,978,166 ⶪῤ (

0.11% 0.03% 0.09% 0.16% 0.09% 0.13% 0.02% 0.01% 0.91% 0.01% 0.13%

0.10% 0.12% 0.22% 0.03% 0.14% 0.07% 0.03% 0.18%

0.19% 0.07% 0.32% 0.11% 0.46% 0.01% 0.08% 0.03% 0.01% 0.16% 0.15% 0.02%

0.29% 0.23%

0.41% 0.51% 0.10% 0.03%

0.06% 0.02% 0.08% 0.24% 0.00% 0.05% 0.05%

28,700 31,777 59,000 56,324 39,600 23,000 49,000 68,706 48,638 76,797 74,620 88,200 29,000 55,000 14,444 77,800 69,400 69,861 51,900 92,400 56,500 88,962 91,210 53,790 76,497 51,339 18,308 11,594 31,835 287,800 385,300 483,000 256,073 230,565 273,000 204,000 101,300 128,000 789,000 115,505 255,000 257,100 329,625 336,100 355,700 247,600 484,500 196,400 394,000 842,000 152,000 656,000 373,900 102,800 136,400 185,475 340,800 661,391 191,200 401,160 260,000 704,213 455,000 140,700 416,800 108,500 117,620 497,900 372,430 164,291 235,916 Holdings ➢慹ấ桅㔘䚖 Market Value

272,719 79,837 214,856 224,153 42,850 29,013 333,462 189,397 341,234 73,324 68,015 437,649

470,720 163,020 792,522 262,784 1,146,655 69,204 14,713 368,319 390,924 330,476 2,252,681 29,108 41,071 245,121 296,225 544,796 339,287 168,511

719,951 558,167 18,181 209,416

1,018,759 1,265,583 250,288 398,235

155,074 56,684 198,026 10,583 114,764 80,554

598,459 123,095

ᶲⶪ㈽峬 ir New Zealand Ltd uckland International Airport Ltd scendas Real Estate Inv Trust Hong Leong Financial Group BHD Jardine Matheson Hldgs Petronas Dagangan Bhd KLCC Real Estate Investment Trust Genting Berhad Parkson Holdings Bhd Genting Malaysia Berhad IOI Corporation Bhd IOI Properties Group Sdn Bhd DBS Group Holdings Fraser & Neave Frasers Centrepoint Ltd Gamuda Berhad IJM Corp Berhad MMC Corp Bhd Cosco Corp (Singapore) Ltd ⚥⭞ / Country / Listed Investment A A A Genting Singapore PLC Contact Energy Limited CapitaLand Commercial Trust Capitaland Limited CapitaLand Mall Trust City Developments IHH Healthcare Bhd Hong Leong Bank Berhad Felda Global Ventures Digi.Com Bhd UMW Holdings Bhd UEM Sunrise Bhd Jardine Strategic Hldgs Jardine Cycle & Carriage Ltd Global Logistic Properties Ltd Golden Agri-Resources Ltd Hong Kong Land Hldgs Hutchison Port Holdings Trust Indofood Agri Resources Ltd PPB Group Berhad Kuala Lumpur Kepong Berhad Petronas Chemicals Group Bhd Petronas Gas Bhd Fisher & Paykel Healthcare Corp Westports Holdings Bhd Keppel Corp Limited Maxis Bhd Malaysia Marine and Heavy Engineering RHB Capital Berhad Lafarge Malaysia Bhd Public Bank Berhad Malayan Bk Berhad MISC Bhd Singapore ComfortDelgro Corp Ltd YTL Corp Tenaga Nasional Berhad Telekom Malaysia Berhad Sime Darby Berhad SP Setia Bhd Malaysian Airports Holdings Bhd Sapurakencana Petroleum Bhd Fletcher Building Ltd YTL Power Intl Bhd Mighty River Power Ltd Kiwi Property Group Ltd New Zealand Ryman Healthcare Ltd Sky City Entertainment Group Sky Network Television Ltd (NZ) Telecom Corp of New Zealand Warehouse Group Ltd Xero Ltd 0.04% 0.02% 0.06% 0.42% 0.35% 0.15% 0.67% 0.09% 0.04% 0.03% 0.05% 0.05% 0.18% 4.06% 0.03% 0.17% 0.09% 0.17% 0.15% 0.08% 0.05% 0.03% 0.11% 0.34% 0.02% 0.49% 0.03% 0.05% 0.09% 0.25% 0.18% 0.56% 0.22% 0.10% Vector Ltd 0.04% 0.06% % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders 劙擹 ) 94,490 71,686 53,283 70,875 69,495 45,627 85,821 87,035 157,151 867,822 377,865 215,813 103,147 117,259 450,781 410,375 216,375 431,308 377,768 208,087 123,949 282,570 840,973 123,504 224,308 619,470 451,715 550,133 244,013 139,174 1,048,881 1,657,742 1,221,724 1,391,688 45,962,014 10,040,533 ⶪῤ (

0.35% 0.08%

0.17% 0.09% 0.03% 0.01% 0.04% 0.08% 0.07% 18.57%

0.09% 0.22% 0.25% 0.12% 0.07% 0.13% 0.11% 0.25%

0.03% 0.02% 0.02% 0.04% 0.10% 0.05% 0.25%

0.04% 0.22% 0.13%

0.26%

0.04% 0.08% 0.34% 0.05%

0.09% 0.51% 0.03% 0.04% 0.36% 0.02%

77 765 780 428 108 903 473 911 1,373 1,640 3,571 5,210 1,041 4,480 7,276 7,924 4,286 2,540 6,470 2,730 2,110 4,485 1,219 1,917 2,860 2,340 1,473 3,347 5,400 2,416 1,905 3,510 3,268 5,675 2,330 3,858 5,018 2,310 6,260 9,568 2,760 7,139 3,719 7,840 5,211

20,150 33,382 18,500 27,960 49,865 33,240 14,044 68,750 38,632 14,720 32,120 16,141 16,861 15,684 11,649 13,342 29,270 13,891 23,079 10,109 58,758

438,400 109,500 161,100 146,400 249,000 261,600 566,300 695,800 Holdings (GBP) ➢慹ấ桅㔘䚖 Market Value

862,015 193,299

426,551 214,115 66,250 35,852 87,938 189,183 162,001

211,942 551,072 610,796 293,208 183,632 310,466 264,574 609,105

84,225 60,528 41,810 108,311 253,037 135,786 610,792

116,667 103,543 537,835 315,809

641,415

94,439 196,902 848,452 119,681

215,556 1,268,529 64,086 94,076 900,938 57,710

d as at 30 June 2015 c r 㖍 c 30 㚰 c k 6 ⸜ ᶲⶪ㈽峬 irAsia Bhd lliance Financial Group BHD MMB Holdings Bhd stro Malaysia Holdings Bhd xiata Group Bhd Investment Portfolio (continued)

㈽峬乬⎰炷井炸 2015 KEPCO Plant Service & Engineering Co Lt Korea Zinc Co KCC Corporation KEPCO Engineering & Construction Inc Korea Gas Corp Korea Investment Holdings Co Ltd LG Hausys Ltd Yuhan Corporation Samsung Card Co Samsung Electro-Mechanics SK Innovation SK Networks Co Ltd SK Telecom Co Ltd SKC Co Ltd Korea Aerospace Industries Ltd Korea Electric Powe Kia Motors KB Financial Group In Kangwon Land Inc ⚥⭞ / Country / Listed Investment Industrial Bank of Korea (IBK) Samsung C&T Corporation SK Hynix In A A A A A NHN Entertainment Corp Bumi Armada Bhd Berjaya Sports Toto Bhd British American Tobacco Bhd NH Investment & Securities Co Ltd Korean Air Lines Company LG Household & Healthcare LG Uplus Corp Lotte Chilsung Beverage Co Lotte Chemical Corp Malaysia SK C&C Co Ltd Nong Shim Co Limited CIMB Group Holdings Berhad Kumho Petro Chemical Co Ltd LG Electronics In Lotte Shopping Co Ltd KT & G Corporation KT Corp LG Display Co Ltd Lotte Confectionery Co SK Holdings Co Ltd Samsung Electronics Co Ltd S-Oil Corporation OCI Company Ltd NCsoft Corp Naver Corp Mando Corp Mirae Asset Securities Co Ltd LG Chemicals Ltd LG Corp LS Corp Samsung Engineering Co Ltd Orion Corp Woori Ban Samsung Fire & Marine Ins Samsung Fine Chemicals Co Ltd Paradise Co Ltd Posco S1 Corporation Samsung Heavy Industries Samsung Life Insurance Co Ltd Samsung SDI Co Ltd Samsung SDS Co Ltd Samsung Securities Samsung Techwin Co Ltd Shinhan Investment Group Co Ltd Shinsegae Co Ltd 7.32% 0.06% 0.43% 3.13% 0.45% 1.22% 2.63% 1.01% 1.01% 3.27% 0.93% 0.94% 2.68% 0.85% 1.86% 2.39% 2.60% 3.02% 1.89% 0.54% 0.93% 0.91% 1.46% 0.62% 2.06% 2.36% 0.89% 8.43% 0.56% 0.92% 1.33% 0.88% 0.93% 2.26% 0.77% 0.90% 1.19% 10.25% 15.84% 18.83% Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 伶⃫ (USD) ( 10,131 72,526 76,112 92,575 95,888 406,670 442,988 514,512 533,360 207,782 447,960 171,987 171,914 555,921 154,783 158,422 160,397 456,385 145,266 315,752 321,729 158,853 248,906 105,595 226,315 149,613 349,830 402,132 152,207 155,771 158,794 385,109 131,683 152,919 202,640 1,246,353 1,745,444 2,697,478 1,436,055 3,205,580 ⶪῤ Market Value

⿺䓇⎘㸦㊯㔘➢慹

2.24%

1.11%

Hang Seng Taiwan Index Fund 4,000 1,000 73,820 13,491 16,332 89,380 16,000 28,000 78,632 41,986 81,836 22,608 71,661 477,868 188,514 219,556 164,153 132,853 569,536 151,543 102,000 123,557 169,327 257,938 281,021 279,726 269,409 178,339 305,717 276,617 548,668 338,630 457,391 237,795 316,602 374,885 292,534 Holdings ➢慹ấ桅㔘䚖

381,274

189,239

as at 30 June 2015 Oil & Gas Taiwan Listed Investments 㖍 Consumer Goods 30 Consumer Services Basic Materials 㚰 6 Technoloy Financials Industrials

⸜ Investment Portfolio (continued) ⎘㸦⊾乌 Formosa Chemicals & Fibre ⼘撞 Chang Hwa Commercial Bank ᷕ⋶⺨⍹慹圵 China Development Financial Holdings ᷕ⚥ᾉ㈀慹圵㍏偉 CTBC Financial Holding 䌱Ⱉ慹圵㍏偉 E. Sun Financial Holding 䫔ᶨ慹圵 First Financial Holding ⭴恎慹圵 Fubon Financial Holdings ⋶⋿慹圵 Hua Nan Financial Holdings ⎘⟹⊾ Formosa Petrochemical 䞛㱡⍲⣑䃞㮼䥹㈨㬋㕘㨉傞ⶍ᷂ Cheng Shin Rubber Industry 径᷄㕘ᶾ乒 Far Eastern New Century ⣏䩳⃱䓝 Largan Precision ⭅ㆸⶍ᷂ Pou Chen 亇ᶨẩ᷂ Uni-president Enterprises 塽昮㖍ṏ㰥弎 Yulon Nissan Motor ᷕ⚥摊摩 China Steel ⎘㸦⟹㕁 Formosa Plastics ⋿Ṃ⟹㕁 Nan Ya Plastics 㴰峡㚵≉ 慹圵㖍㚰⃱ Advanced Semiconductor Engineering 䞼⋶ Advantech ⋶䟽 Asustek Computer Inc ⍳彦 AU Optronics 2015 ㈽峬 ⎘㸦ᶲⶪ㈽峬 ➢䟨㛸㕁䓇㳣㴰峡⑩ ⶍ᷂ ⚥㲘慹圵㍏偉 Cathay Financial Holdings ⃮ᷘ慹圵 Mega Financial Holding Ṃ㳚㯜㲍 Asia Cement ␴㲘㰥弎 Hotai Motor Investments 㯠ᷘ慹㍏ SinoPac Financial Holdings ⎗ㆸ Catcher Technology ⎘彦䓝 Delta Electronics 淧Ⅾ Foxconn Technology 淧㴟 Hon Hai Precision Industry ⃱⭅䥹 Lite-On Technology ⎘㸦㯜㲍 Taiwan Cement 亇ᶨ崭⓮ President Chain Store ⎘㕘慹圵 Taishin Financial Holdings ⎰ἄ慹⸻慹圵㍏偉 Taiwan Cooperative Financial Holding ㈽峬乬⎰炷井炸 ⃫⣏慹圵 Yuanta Financial Holding 22 1.68% 98.32% % of Net Assets 䘬峬ṏⅨῤ䘦↮㭼 ⌈➢慹ấ桅㊩㚱Ṣ Attributable to Unitholders 劙擹 ) 4,146,306 6,135,789 ⶪῤ (

247,500,748 243,354,442

0.04% 0.04% 0.06% 0.09% 2.50% 100.00%

95,200 104,500 262,800 998,008 Holdings (GBP) ➢慹ấ桅㔘䚖 Market Value

108,201 107,854 214,186 149,202 as at 30 June 2015 㖍 Other Net Assets 30 Total Investments 㚰 6 ⸜ ᶲⶪ㈽峬 Investment Portfolio (continued)

㈽峬乬⎰炷井炸 2015 ⚥⭞ / Country / Listed Investment Thai Oil Public Co Ltd ℞Ṿ峬ṏⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ Net Assets Attributable to Unitholders Thai Union Frozen Products Co Ltd Total Access Communications True Corp PCL ⿣㈽峬ⶪῤ 70.55% (3.26%) Unitholders Attributable to % of Net Assets # ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 䫾䔍➢慹㷗⃫ (HKD) ( 150 79,641,968 ⶪῤ Market Value 243,443,528 163,801,560 171,739,160 32.71%

100.00%

67.29% ⿺䓇㊯㔘 150 Hang Seng Index Leveraged 150 Fund # Holdings 643,700 ˤ ➢慹ấ桅㔘䚖 (7,937,600)

0.275% 楁㷗 Hong Kong 楁㷗 Hong Kong 㲐ℴ炾ㆸ䩳⛘䁡 Place of Incorporation/ Registration 㖍㛇斜炻⎗ẀḰ㛔➢慹➢慹䭉䎮Ṣ䘬䭉䎮峡䓐⍲宍䫱➢慹➢慹䭉䎮Ṣ䘬䭉䎮峡䓐䘬⿣␴㚨檀ᷢ㊱峬ṏⅨῤ 30 㚰㖍军 6 ) 1 㚰 1 㷗⃫ ⸜ ˤḶ 2015 Financial assets at fair value through profit or loss Financial liabilities at fair value through profit or loss ˬ宍➢慹˭ ) ( Net Assets Attributable to Unitholders 㚰ấ㛇峏⎰乎 7 as at 30 June 2015 Other Net Assets ⸜ 㖍 Total cost of investments - HKD168,956,310 炻侴⎗ẀḰ㛔➢慹⍿㈀Ṣ䘬⍿㈀Ṣ峡䓐⍲宍䫱➢慹⍿㈀Ṣ䘬⍿㈀Ṣ峡䓐䘬⿣␴㚨檀ᷢ㊱峬ṏⅨῤ孉㭷⸜ Total Investments 30 Listed Investments Equity Fund Futures Contract 㚰 6

⸜ 孉㭷⸜ 1.5% 㛔➢慹㚱㈽峬Ḷ⿺䓇㊯㔘ᶲⶪ➢慹宍➢慹䓙⿺䓇㈽峬䭉䎮㚱旸℔⎠䭉䎮ˤ Fund managed by Hang Seng Investment Management Limited. The Fund has invested ininvested units were of up the to Hang 1.5% Sengannum of the net asset value for period 1 January to 30 June 2015. per Index annum ETF of (the the "Underlying net Fund"). assets The value maximum and aggregate the management maximum fees aggregate payable trustee to fee the payable Manager to and the the Trustee and manager the of trustee the of Underlying the Funds Underlying in Funds which in the which Fund the Fund invested were up to 0.275% per

⿣㈽峬ㆸ㛔 Investment Portfolio (continued) * * ⿺䓇㊯㔘ᶲⶪ➢慹 * Hang Seng Index ETF * 2015 ㊱℔⸛ẟῤ↿ℍ㓞ℍㆾḷ㌇䘬慹圵峬ṏ ᶲⶪ㈽峬偉䤐➢慹㊱℔⸛ẟῤ↿ℍ㓞ℍㆾḷ㌇䘬慹圵峇ῢ 㛇峏⎰乎 ℞Ṿ峬ṏⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ ⿺䓇㊯㔘 2015 Hang Seng Index Futures - July 2015 ⿣㈽峬ⶪῤ ( ㈽峬㈽峬乬⎰炷井炸 Investments # # 23 1.15% 0.41% 0.46% 1.14% 4.51% 0.14% 1.42% 1.03% 0.70% 39.33% 24.58% Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 伶⃫ (USD) ( 34,638 68,956 78,032 23,428 827,349 195,481 768,260 193,929 119,835 242,444 175,113 6,695,428 4,184,267 16,991,980 17,026,618 ⶪῤ Market Value

⿺䓇⎘㸦㊯㔘➢慹

2.74% 0.87% 1.25% 4.86% 0.20%

99.80% 100.00%

Hang Seng Taiwan Index Fund 61,000 64,000 29,589 98,000 56,245 14,000 41,000 375,117 146,528 459,115 102,607 114,500 920,092 Holdings ➢慹ấ桅㔘䚖

466,689 147,292 213,368

)

伶⃫ Net Assets Attributable to Unitholders as at 30 June 2015 Other Net Assets 㖍 Total cost of investments - USD15,511,403 Total Investments 30 Telecommunications 㚰 6

⸜

⿣㈽峬ㆸ㛔 Investment Portfolio (continued) ᷕ⋶䓝ᾉ Chunghwa Telecom 径Ỉ䓝ᾉ Far Eastone Telecom ⎘㸦⣏⒍⣏ Taiwan Mobile 䓝字㚵≉ ⿣㈽峬ⶪῤ ⋶Ṃ䥹 Inotera Memories 2015 ㈽峬 ⬷彦䓝 High Tech Computer ℞Ṿ峬ṏⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ 佌⇃⃱䓝 Innolux 俼⍹䥹 MediaTek ( Investments ⋿䥹 Nanya Technology ␴䟽 Pegatron 䟭⑩ Siliconware Precision Industries ⎘䦗䓝 Taiwan Semiconductor Manufacturing 俼䓝 United Microelectronics ㈽峬乬⎰炷井炸 ⸧彦 Quanta Computer 0.18% 0.69% 0.07% 0.30% 8.13% 0.24% 0.78% 0.13% 0.27% 0.86% 1.65% 2.34% 0.06% 2.65% 2.21% 0.90% 0.03% 0.01% 1.02% 0.30% 0.60% 0.21% 0.87% 0.01% 0.95% 1.47% 1.45% 0.21% 0.01% 0.39% 6.20% 0.01% 4.73% 0.87% 0.17% 8.98% 0.42% 0.71% 0.50% 0.59% 1.56% 0.70% 0.37% 0.11% 0.61% 0.51% 0.34% 0.36% 5.80% Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 㷗⃫ (HKD) ( 17,063 22,725 26,700 25,020 558,400 218,096 940,500 758,000 415,200 842,000 102,600 170,688 663,000 940,000 644,160 519,120 326,000 2,154,921 2,420,000 2,667,420 5,115,000 7,240,294 8,205,000 2,785,000 3,171,550 1,862,000 2,705,500 2,932,500 4,547,500 4,481,880 1,206,660 2,706,800 1,309,440 2,216,000 1,560,000 1,840,400 4,845,000 2,160,000 6,840,800 1,159,200 1,900,000 1,593,960 1,045,000 1,131,000 25,211,250 19,189,220 14,661,864 27,823,834 18,063,660 ⶪῤ Market Value ⿺䓇ᷕ⚥偉䤐➢慹

Hang Seng China Equity Fund 375 4,500 6,000 2,770 80,000 70,000 40,000 10,000 68,500 50,000 17,200 48,000 84,000 50,000 16,800 40,000 35,200 50,000 30,000 320,367 Holdings 438,000 442,000 747,000 850,000 335,000 150,000 800,000 150,000 150,000 280,000 856,000 272,000 200,000 253,500 100,000 200,000 222,000 550,000 200,000 750,000 300,000 100,000 500,000 2,909,100 1,100,000 3,929,920 ➢慹ấ桅㔘䚖

Hong Kong Stock Exchange Listed Equities as at 30 June 2015 㖍 Consumer Goods 30 Basic Materials Consumer Services 㚰 6 Financials

⸜ Investment Portfolio (continued) 檀搓暞ⓖ Sun Art Retail Group 伶檀㠭ᷕ⚥㍏偉 MGM China Holdings ㊃⓮撞埴 China Merchants Bank ⋶㘐ᷕ⚥㰥弎 Brilliance China Automotive ⚥伶䓝☐ Gome Electrical Appliances ⃾ⶆ䄌᷂ Yanzhou Coal Mining 䳓慹䞧᷂ Zijin Mining ᷕ⚥撅᷂ Aluminum Corproration of China ᷕ⚥Ṣ⮧ᾅ昑 China Life Insurance ᷕ⚥㴟⢾⍹⯽ China Overseas Land & Investment ᷕ⚥⣒⸛ᾅ昑 China Taiping Insurance ᷕ⚥ⶍ⓮撞埴 Industrial and Commercial Bank of China 㕘⋶Ṣ⮧ᾅ昑 New China Life Insurance 2015 楁㷗Ṍ㖻㇨ᶲⶪ偉䤐 ➢䟨㛸㕁 ᷕ⚥凒䨢䥹㈨ⶍ᷂ AviChina Industry & Technology ᷕ⚥呁䈃 China Mengniu Dairy 㭼Ṃ徒 BYD 㴰峡㚵≉ ᷕ⚥㬋忂㰥弎㚵≉ China ZhengTong Auto Services 慹渘⓮峠普⚊ Golden Eagle Retail Group 慹圵朵摊 Angang Steel ᷕ⚥䤆⋶傥㸸 China Shenhua Energy 樔朵Ⱉ摊摩 Maanshan Iron & Steel ᷕ⚥䞛⊾ᶲ㴟䞛㱡⊾ⶍ Sinopec Shanghai Petrochem 䓇㳣㴰峡⑩ ᷕ⚥撞埴 Bank of China Ṍ忂撞埴 Bank of Communications ᷕ撞楁㷗 BOC Hong Kong ᷕ⚥⺢学撞埴 China Construction Bank ᷕ⚥⃱⣏撞埴 China Everbright Bank 楁㷗Ṍ㖻⍲乻䬿㇨ Hong Kong Exchanges & Clearing ᷕ⚥⅄᷂撞埴 Agricultural Bank of China ᷕ⚥㮹䓇撞埴 China Minsheng Banking ᷕ⚥⣒⸛㲳ᾅ昑 China Pacific Insurance 㕡ℜ⛘ṏ Franshion Properties ⎱⇑㰥弎 Geely Auto ᷕ⚥䱖㱡 China Agri-Industries ᷄桶㰥弎 Dongfeng Motor ⬱嶷ỻ做䓐⑩ Anta Sports Products ⺢㹼⊾ⶍ Kingboard Chemical 慵⸮摊摩 Chongqing Iron & Steel ᷕ⚥ᾉ彦峬ṏ䭉䎮 China Cinda Asset Management ᷕᾉ撞埴 China CITIC Bank ⋶㵎伖⛘ China Resources Land 攧❶㰥弎 Great Wall Motor 㴟⮼䓝☐普⚊ Haier Electronics Group ⇑㞯⑩䇴 Global Brands Group ⸧ⶆ㰥弎 Guangzhou Automobile 䓛㳚⚥旭普⚊ Shenzhou International Group ㈽峬㈽峬乬⎰炷井炸 Investments 24 69.43% (3.98%) Unitholders Attributable to % of Net Assets # ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 䫾䔍➢慹 150 㷗⃫ (HKD) ( ⶪῤ Market Value 497,710,424 943,110,245 偉㊯㔘 H 1,440,820,669 1,000,461,500 Leveraged 150 Fund # 34.55% 100.00% 65.45%

⿺䓇 Hang Seng China H-Share Index 1,774 Holdings 7,585,000 ˤ ➢慹ấ桅㔘䚖

(57,351,255) 0.275% 楁㷗 Hong Kong 楁㷗 Hong Kong 㲐ℴ炾ㆸ䩳⛘䁡 Place of Incorporation/ Registration 㖍㛇斜炻⎗ẀḰ㛔➢慹➢慹䭉䎮Ṣ䘬䭉䎮峡䓐⍲宍➢慹➢慹䭉䎮Ṣ䘬䭉䎮峡䓐䘬⿣␴㚨檀ᷢ㊱峬ṏⅨῤ 30 㚰㖍军 6 1 㚰 ) 1 ⸜

㷗⃫ ˤḶ 2015 Financial assets at fair value through profit or loss Financial liabilities at fair value through profit or loss ˬ宍➢慹˭ ) Net Assets Attributable to Unitholders 㚰ấ㛇峏⎰乎 7 ⸜ 偉㊯㔘ᶲⶪ➢慹 ( as at 30 June 2015 Other Net Assets 㖍 Total cost of investments - HKD970,466,461 Total Investments 炻侴⎗ẀḰ㛔➢慹⍿㈀Ṣ䘬⍿㈀Ṣ峡䓐⍲宍➢慹⍿㈀Ṣ䘬⍿㈀Ṣ峡䓐䘬⿣␴⇁㚨檀ᷢ㊱峬ṏⅨῤ孉㭷⸜ 30 Listed Investments Equity Fund Futures Contract 㚰 6 偉㊯㔘ᶲⶪ➢慹 *

⸜ 孉㭷⸜ 1.5% The Fund has invested inFund units invested of were the up Hang to Seng 1.5%annum of the net asset value for period 1 January to 30 June 2015. H-Share per Index annum ETF of (the the "Underlying net Fund"). asset The value maximum and aggregate the management maximum fees aggregate payable trustee fee to payable the to Manager the and Trustee the and manager the of trustee the of Underlying the Fund Underlying in Fund in which which the the Fund invested were up to 0.275%per 㛔➢慹㚱㈽峬Ḷ⿺䓇 H 宍➢慹䓙⿺䓇㈽峬䭉䎮㚱旸℔⎠䭉䎮ˤ Fund managed by Hang Seng Investment Management Limited.

⿣㈽峬ㆸ㛔 Investment Portfolio (continued) * * ⿺䓇 H Hang Seng H-Share Index ETF * ⿺䓇ᷕ⚥ẩ᷂㊯㔘 2015 Hang Seng China Enterprises Index Futures - July 2015 2015 ㊱℔⸛ẟῤ↿ℍ㓞ℍㆾḷ㌇䘬慹圵峬ṏ ᶲⶪ㈽峬偉䤐➢慹㊱℔⸛ẟῤ↿ℍ㓞ℍㆾḷ㌇䘬慹圵峇ῢ 㛇峏⎰乎 ⿣㈽峬ⶪῤ ℞Ṿ峬ṏⅨῤ ( ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ ㈽峬㈽峬乬⎰炷井炸 Investments # # Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 㷗⃫ (HKD) ( (963,678) ⶪῤ Market Value 298,530,252 310,941,152 309,977,474 ⿺䓇ᷕ⚥偉䤐➢慹 96.31% 100.31% 100.00% 4.00% 0.05% (0.31%) Hang Seng China Equity Fund 4,028 Holdings 790,000 ➢慹ấ桅㔘䚖 12,410,900 148,311 )

㷗⃫ Net Assets Attributable to Unitholders Shenzhen Stock Exchange Listed Equities Unlisted Investments established in Hong Kong as at 30 June 2015 Other Net Liabilities 㖍 Total cost of investments - HKD297,952,743 Consumer Goods Total Investments 偉≐≃➢慹 -A* Hang Seng China A-Share FlexiPower Fund - A* 30 Total Equities Equity Fund 㚰 6

⸜

⿣㈽峬ㆸ㛔 Investment Portfolio (continued) ( 2015 㶙⛛孩⇠Ṍ㖻㇨ᶲⶪ偉䤐䓇㳣㴰峡⑩ ㇨㚱偉䤐楁㷗ㆸ䩳朆ᶲⶪ㈨峬偉䤐➢慹 ℞Ṿ峇ῢⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ ⿺䓇ᷕ⚥ A 㰇摫㰥弎 Jiangling Motors ⿣㈽峬ⶪῤ ㈽峬㈽峬乬⎰炷井炸 Investments * 宍䫱➢慹䓙⿺䓇㈽峬䭉䎮㚱旸℔⎠䭉䎮ˤ * Funds managed by Hang Seng Investment Management Limited. 25 0.24% 5.66% 2.42% 0.27% 0.08% 0.66% 0.04% 0.24% 0.87% 0.92% 0.28% 0.12% 1.02% 0.03% 0.19% 0.50% 0.05% 9.44% 0.88% 0.10% 2.62% 1.54% 0.37% 2.67% 1.79% 9.43% 0.56% 4.30% 0.47% 0.04% 0.46% 0.44% 0.13% 1.43% 1.65% 1.24% 0.77% 0.58% 0.14% 2.98% 8.95% 0.46% 1.18% 42.38% 10.42% Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 㷗⃫ (HKD) ( 86,738 755,300 822,440 258,500 116,900 738,480 864,000 359,000 598,200 146,600 305,760 118,440 417,000 433,000 7,469,720 2,034,060 2,700,000 2,866,500 3,165,000 1,536,449 2,727,960 8,108,280 4,764,000 1,144,800 8,267,575 5,549,100 1,722,500 1,465,000 1,430,000 1,354,000 4,444,470 5,115,000 3,856,320 2,386,800 1,808,980 9,238,200 1,420,200 3,660,000 17,556,972 32,302,960 13,338,440 29,269,240 27,738,000 29,238,250 ⶪῤ Market Value 131,329,798 ⿺䓇ᷕ⚥偉䤐➢慹

0.70%

0.01% 0.00%

0.98% 7.27%

Hang Seng China Equity Fund 500 500 8,245 7,000 13,000 10,000 68,000 53,000 50,000 40,000 50,000 30,000 30,000 78,000 46,209 20,000 42,000 50,000 500,000 334,000 116,000 650,000 531,000 189,200 254,000 Holdings 500,000 200,000 100,000 180,000 465,000 156,000 227,000 670,000 100,000 300,000 300,000 312,000 180,000 151,000 1,200,000 1,410,849 1,068,000 1,212,000 ➢慹ấ桅㔘䚖

2,172,000

29,175

13,600

22,529,750

3,048,500

as at 30 June 2015 Oil & Gas 㖍 30 Utilities Health Care Telecommunications 㚰 6 Industrials Technology

⸜ Investment Portfolio (continued) 㟒㳚⋿弎㖞ẋ䓝㮼 Zhuzhou CSR Times Electric ᶲ㴟䓝㮼 Shanghai Electric 䫔ᶨ㉾㉱㛢 First Tractor 㷗⋶䅫㮼 Towngas China ᷕ⚥䓇䈑⇞北 Sino Biopharmaceutical ⚃䍗⋣北 Sihuan Pharmaceutical 㻵㞜≐≃ Weichai Power ᷕ径⣒⸛㲳 COSCO Pacific ᷄㰇䍗ᾅ偉ấ Dongjiang Environmental ㊃⓮⯨⚥旭 China Merchants Holdings International ᷕ⚥ᷕ摩 China Railway 儦字㍏偉 Tencent Holdings 俼゛普⚊ Lenovo Group 䱌㴟㈽峬 Guangdong Investment ⊿㍏㯜≉普⚊ Beijing Enterprises Water Group 2015 ᷕ⚥⸛⬱ᾅ昑 Ping An Insurance ℔䓐ḳ᷂ ⚥北㍏偉 Sinopharm ᶲ㴟⋣北 Shanghai Pharmaceuticals 㘖⋶␴栢普⚊ PW Medtech Group ⇑⏃⚥旭⋣北 Lijun International Pharmaceutical ⹟⒚北᷂ China Medical System ⸧ⶆ䘥ḹⰙ⋣北普⚊ Guangzhou Baiyunshan Pharmaceutical Holdings ⌓䓇ᾅ‍ ᷕ䞛⊾䁤⊾ⶍ䦳 SINOPEC Engineering 㶙⛛⚥旭 Shenzhen International ᷕ⚥⺢㛸 China National Building Material ᷕ⚥⚥旭㴟彸普塭䭙 China Int'l Marine Containers ⊿Ṕ㍏偉 Beijing Enterprises ⬱⽥㴟坢㯜㲍 Anhui Conch Cement ᷕ⚥忂ᾉ㚵≉ China Communication Svs Corp 䞛㱡⍲⣑䃞㮼 Kunlun Energy ᷕ⚥㴟㲳䞛㱡 CNOOC ᷕ⚥䞛㱡⊾ⶍ China Petroleum & Chemical ᷕ㴟㱡䓘㚵≉ China Oilfield Services ⣏Ⓒ⚥旭⍹䓝 Datang Power ⶍ᷂ 䥹㈨径㲳⛘ṏ Sino-Ocean Land ᶾ努㇧⛘ṏ Shimao Property ᷕ⚥䦣≐ China Mobile ᷕ⚥䓝ᾉ China Telecom 䓝字㚵≉ ⋶㵎㯜㲍 China Resources Cement ᷕ⚥ᷕᾉ Citic ᷕ⚥摩⺢ China Railway Construction ᷕ⚥俼忂 China Unicom ᷕ⚥䞛㱡⣑䃞㮼 PetroChina ㈽峬㈽峬乬⎰炷井炸 Investments 3.25% 12.79% Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 偉䱦徱➢慹㷗⃫ (HKD) B ( 556,333 3,696,000 14,532,670 ⶪῤ Market Value

113,203,082 113,759,415 0.77% 0.49% 1.38% 99.51% 100.00% 0.79% 2.04% 0.78% 1.87% 4.06%

⿺䓇ᷕ⚥ Hang Seng China B-Share Focus Fund 39,219 Holdings 440,000 ➢慹ấ桅㔘䚖 875,760 1,564,748 893,200 2,318,511 882,644 2,128,000 4,614,315

)

㷗⃫ Net Assets Attributable to Unitholders Shenzhen Chiwan Petroleum Supply Base - B Share 偉 FAWER Automotive Parts - B Share 108,700 Guangdong Electric Power - B Share 239,992 CSG Holding - B Share偉 234,193 偉偉 BOE Technology - B Share Hangzhou Steam Turbine - B Share 560,000 326,100 as at 30 June 2015 偉 China Fangda - B Share偉 110,000 Shenzhen SEG - B Share Oil & Gas Other Net Assets 㖍 Total cost of investments - HKD96,872,861 偉偉 Total Investments 30 Utilities 㚰 6 Industrials

⸜

⿣㈽峬ㆸ㛔 Investment Portfolio (continued) ℔䓐ḳ᷂ ⿣㈽峬ⶪῤ ⸧᷄䓝≃⍹⯽ - B ( 䞛㱡⍲⣑䃞㮼 ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ 2015 ⶍ᷂ ℞Ṿ峬ṏⅨῤ 㶙⛛崌㸦䞛㱡➢⛘ - B Ṕ᷄㕡䥹㈨ - B ᷕ⚥⋿䍣普⚊ - B ⭴⤍㰥弎暞悐ẞ - B 㜕ⶆ㰥弖㛢 - B 㕡⣏普⚊ - B 㶙⛛崃㟤 - B ㈽峬㈽峬乬⎰炷井炸 Investments 26 1.30% 8.67% 5.12% 7.10% 4.26% 1.54% 5.74% 5.08% 2.82% 0.31% 2.67% 6.66% 4.50% 2.48% 0.79% 1.97% 2.03% 2.52% 35.25% 15.65% 12.96% Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 偉䱦徱➢慹㷗⃫ (HKD) B ( 350,046 900,277 1,473,225 9,868,386 5,821,875 8,073,886 4,849,686 1,750,975 6,527,861 5,782,068 3,208,340 3,035,064 7,580,612 5,121,857 2,819,489 2,243,753 2,314,720 2,861,512 40,108,943 17,809,732 14,740,164 ⶪῤ Market Value

1.96% 0.66% 7.27% 3.22% 6.94% 0.81%

0.41%

4.86%

⿺䓇ᷕ⚥ Hang Seng China B-Share Focus Fund 32,930 37,827 79,501 250,000 Holdings 185,351 204,571 315,960 102,014 184,000 205,883 605,300 144,954 284,351 180,403 365,900 206,980 138,608 ➢慹ấ桅㔘䚖 2,226,356 749,958 8,272,683 3,663,926 7,897,476 919,063

461,939

5,528,757

Shanghai Lujiazui Finance & Trade Zone Development - B Share 偉 Shanghai Wai Gaoqiao Free Trade Zone Development - B Share 偉 Shanghai Jinjiang Int'l Industrial Investment - B Share 34,463 Shanghai Jinjiang International Hotels Development - B Share 偉 Shanghai Jinqiao Export Processing Zone - B Share 偉 Shenzhen Stock Exchange Listed Equities Shanghai Stock Exchange Listed Equities China National Accord Medicines - B Share 76,300 偉 Yantai Changyu Pioneer Wine - B Share 偉 Inner Mongolia Yitai Coal - B Share 199,988 偉 Weifu High-Technology - B Share Shanghai Friendship Group - B Share Shanghai Baosight Software - B Share 22,805 Chongqing Changan Auto - B Share Foshan Electrical & Lighting - B Share 398,259 115,751 Jiangsu Future Land - B Share 偉 Shenzhen Fiyta - B Share 偉 Anhui Gujing Distillery - B Share 181,867 Shanghai Zhenhua Heavy Industries - B Share 偉偉偉 China Merchants Property - B Share 偉偉偉 Wuxi Little Swan - B Share 偉偉 as at 30 June 2015 Shanghai Dazhong Transportation - B Share Huaxin Cement - B Share 1,011,481 Double Coin - B Share Jiangling Motors - B Share 偉 Shanghai Mechanical & Electrical - B Share 偉 Konka Group - B Share 㖍偉偉偉偉偉偉 Consumer Goods Consumer Goods 30 Health Care Basic Materials Consumer Services 㚰 6 Financials Technology Industrials Financials

⸜ Investment Portfolio (continued) ᶲ㴟⍳宲普⚊ - B ᶲ㴟⭅ᾉ弗ẞ - B ᶲ㴟擎㰇⚥旭⭆᷂㈽峬 - B ⋶㕘㯜㲍 - B ⌓䓇ᾅ‍ ⚥北普⚊ᶨ农北᷂ - B ἃⰙ䓝☐䄏㖶 - B 㰇摫㰥弎 - B ᶲ㴟慹㠍↢⎋≈ⶍ⋢ - B 䥹㈨慹圵 ⶍ᷂ ㊃⓮⯨⛘ṏ - B 䓇㳣㴰峡⑩ 㴰峡㚵≉ 慹圵㶙⛛孩⇠Ṍ㖻㇨ᶲⶪ偉䤐䓇㳣㴰峡⑩ ᶲ㴟擎㰇⚥旭惺⸿⍹⯽ - B ℭ呁⎌Ẳ㲘䄌䁕 - B ⣏ếṌ忂 - B 2015 ᶲ㴟孩⇠Ṍ㖻㇨ᶲⶪ偉䤐 ➢䟨㛸㕁 ᶲ㴟㛢䓝 - B 䂇⎘⻈塽吉厬愧惺 - B 㖈擉⮷⣑淭 - B 㖈擉⦩⬂檀䥹㈨ - B ⹟Ἓ普⚊ - B ⍴摙普⚊ - B ⬱⽥⎌ḽ峉惺 - B 慵⸮攧⬱㰥弎 - B 㰇剷㕘❶⛘ṏ - B ᶲ㴟旮⭞◜慹圵峠㖻⋢⺨⍹偉ấ - B ᶲ㴟⢾檀㠍ᾅ䦶⋢⺨⍹偉ấ - B 㶙⛛ⶪ梆Ṃ彦 - B ᶲ㴟㋗⋶慵ⶍ - B ㈽峬㈽峬乬⎰炷井炸 Investments 0.44% 0.03% 0.05% 9.46% 8.97% 8.40% 8.62% 0.10% 8.72% 0.11% 6.64% 8.75% 0.01% 8.55% 5.39% 0.01% 0.73% 0.01% 2.06% 0.00% 5.62% 2.78% 1.52% 9.01% 2.53% 9.18% 0.18% 0.30% 24.36% 30.04% 26.24% Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 㷗⃫ (HKD) 5,050 ( 46,159 70,756 13,975 12,510 16,400 651,450 142,819 162,720 260,096 437,668 1,734,930 9,767,887 7,936,000 1,068,480 3,024,000 8,273,280 4,094,055 2,230,980 3,720,000 13,931,966 12,687,500 12,830,319 35,842,237 13,196,250 44,198,045 12,354,260 12,878,100 12,575,080 13,264,621 38,601,990 13,513,580 ⶪῤ Market Value 147,139,487 145,404,557

100.00%

1.18%

8.82% 98.82%

0.01%

⿺䓇慹圵埴᷂≐≃➢慹 658 562 500 960 800 500 522 4,300 3,200 3,000 25,600 71,050 553,108 250,000 Holdings 402,000 123,000 212,000 506,690 271,600 361,000 391,000 443,600 597,946 700,000 222,400 800,000 Hang Seng Financial Sector FlexiPower Fund 1,600,000 1,873,534 ➢慹ấ桅㔘䚖

12,984,600 16,281

)

㷗⃫ Net Assets Attributable to Unitholders Hong Kong Stock Exchange Listed Equities as at 30 June 2015 Other Net Assets 㖍 Total cost of investments - HKD143,828,302 Total Investments 30 Bank - China Financials - Hong Kong Bank - Hong Kong Insurance - China Financials - China 㚰 6 ᷕ⚥ 楁㷗 ᷕ⚥ 楁㷗 ᷕ⚥ - - - - -

⸜

⿣㈽峬ㆸ㛔 Investment Portfolio (continued) 㯯ᷘ㍏偉 HSBC Holdings 㷋ㇻ普⚊ Standard Chartered ⿺䓇撞埴 Hang Seng Bank ᷕ⚥峊昑 PICC Property & Casualty 2015 楁㷗Ṍ㖻㇨ᶲⶪ偉䤐撞埴 ℞Ṿ峬ṏⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ ᷕᾉ孩⇠ CITIC Securities ᷕ⚥⣒⸛ᾅ昑 China Taiping Insurance ᷕ⚥⅄᷂撞埴 Agricultural Bank of China 慹圵 ⍳恎ᾅ昑㍏偉 AIA Group 楁㷗Ṍ㖻⍲乻䬿㇨ Hong Kong Exchanges & Clearing ᾅ昑 ᷕ撞楁㷗 BOC Hong Kong ᷕ⚥Ṣ⮧ᾅ昑 China Life Insurance ⣏㕘撞埴 Dah Sing Banking Group ᷕ⚥⸛⬱ᾅ昑 Ping An Insurance 撞埴 ⿣㈽峬ⶪῤ ( 慹圵㕘⋶Ṣ⮧ᾅ昑 New China Life Insurance 㴟忂孩⇠ Haitong Securities ᷕ⚥Ṣ㮹ᾅ昑 People's Insurance Company ᷕ⚥⣒⸛㲳ᾅ昑 China Pacific Insurance ᷕ⚥ᾉ彦峬ṏ䭉䎮 China Cinda Asset Management ᷕ⚥撞埴 Bank of China Ṍ忂撞埴 Bank of Communications ⣏㕘慹圵 Dah Sing Financial ᷕ⚥撞㱛孩⇠ China Galaxy Securities ᷕᾉ撞埴 China CITIC Bank ᷕ⚥⺢学撞埴 China Construction Bank ᷕ⚥⃱⣏撞埴 China Everbright Bank ㊃⓮撞埴 China Merchants Bank ᷕ⚥㮹䓇撞埴 China Minsheng Banking ᷕ⚥ⶍ⓮撞埴 Industrial and Commercial Bank of China ㈽峬㈽峬乬⎰炷井炸 Investments 27 8.49% 0.35% 2.34% 4.27% 1.15% 2.40% 8.57% 1.93% 0.81% 7.02% 9.85% 8.32% 0.62% 6.03% 1.95% 1.89% 2.87% 1.82% 2.32% 0.73% 1.59% 0.27% 0.69% 0.71% 5.11% 1.20% 0.45% 0.44% 1.62% 5.54% 0.38% 0.87% 1.46% 6.64% 0.46% 11.67% 70.64% Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 㷗⃫ (HKD) ( 646,340 190,605 629,997 439,800 339,600 992,310 398,360 865,520 149,240 376,200 388,008 244,750 238,710 882,310 653,600 210,000 473,400 795,600 250,251 2,328,407 4,629,600 1,278,400 1,306,800 4,677,944 1,055,600 5,370,720 3,828,720 4,538,556 3,291,858 1,062,990 1,029,600 1,566,792 1,263,890 6,364,560 2,789,050 3,023,850 3,622,891

54,556,428 50,278,088 53,910,088 38,542,808 ⶪῤ Market Value 100.00% 6.66%

0.42%

1.18%

0.43% 92.16% 98.82%

⿺䓇⛘ṏ埴᷂≐≃➢慹 7,000 44,000 52,800 80,000 74,200 47,000 40,000 26,000 82,117 72,000 36,135 92,000 38,000 48,500 91,000 60,000 25,000 36,500 71,500 21,500 56,000 18,000 52,000 40,800 61,186 82,000 62,000 68,292 Holdings

107,508 130,889 127,000 291,000 171,040 121,000 105,500 179,661 298,210 Hang Seng Property Sector FlexiPower Fund ➢慹ấ桅㔘䚖 229,680

3,632,000

235,200

)

㷗⃫ Hong Kong Listed Real Estate Investment Trust Net Assets Attributable to Unitholders Hong Kong Stock Exchange Listed Equities as at 30 June 2015 Other Net Assets 㖍 Total cost of investments - HKD49,638,888 Total Investments 30 ⚥旭 ) Emperor International Holdings Property Developers Property Investors Total Equities 㚰 6 Constuction

⸜

⿣㈽峬ㆸ㛔 Investment Portfolio (continued) 2015 楁㷗Ṍ㖻㇨ᶲⶪ偉䤐⺢䫹 ℞Ṿ峬ṏⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ ⛘ṏ⍹⯽ 攧㰇⭆᷂⛘ṏ Cheung Kong Property Holdings 晭⯭᷸⛘ṏ Agile Property ⬱⽥㴟坢㯜㲍 Anhui Conch Cement ⣒⎌⛘ṏ Swire Properties ⶴヶℜ᷂ Hysan Development ⛘ṏ㈽峬栮㯯㇧ṏ➢慹 Link REIT ㇨㚱偉䤐楁㷗ᶲⶪ㇧⛘ṏ㈽峬ᾉ㈀➢慹 ⿣㈽峬ⶪῤ ( ᷕ⚥㴟⢾⬷㲳 China Overseas Grand Oceans ᷕ⚥㴟⢾⍹⯽ China Overseas Land & Investment ᷕ⚥Ṍ忂⺢学 China Communications Construction 径㲳⛘ṏ Sino-Ocean Land 㕘淧➢⛘ṏ Sun Hung Kai Properties ḅ潁ṻ普⚊ Wharf (Holdings) ⋶㵎伖⛘ China Resources Land ᷕ⚥⺢㛸 China National Building Material ᷕ⚥ᷕ摩 China Railway 圵⇃ᷕ⚥ Sunac China Ể⽟ᷘ Wheelock ᶯ䥹ẩ᷂ China Vanke ᷕ⚥摩⺢ China Railway Construction 䡏㟪⚕ Country Garden 劙䘯普⚊ ( ⋶㵎㯜㲍 China Resources Cement ᷕ⚥⺢䫹⚥旭 China State Construction International 产❶ᷕ⚥ Greentown China ⸧ⶆ⭴≃⛘ṏ Guangzhou R&F Properties ⿺昮⛘ṏ Hang Lung Properties ᾉ␴伖᷂ Sino Land ⿺➢⃮᷂⛘ṏ Henderson Land Development ḅ潁⺢᷂ Kowloon Development ⎰㘗㲘⭴⛘ṏ KWG Property 潁㷾⛘ṏ Longfor Properties 㕘ᶾ䓴⍹⯽ New World Development ᾅ⇑伖᷂普⚊ Poly Property Group ᶲ㴟⭆᷂ Shanghai Industrial ᶾ努㇧⛘ṏ Shimao Property ▱⋶⚥旭 K. Wah International ▱慴⺢学 Kerry Properties ㈽峬㈽峬乬⎰炷井炸 Investments 4.38% 2.25% 0.15% 0.61% 0.19% 2.05% 0.12% 0.29% 0.35% 0.25% 0.25% 0.52% 0.69% 1.61% 0.25% 5.69% 1.32% 0.18% 0.40% 1.06% 0.63% 0.97% 0.56% 0.15% 0.99% 1.25% 1.20% 2.07% 1.87% 4.06% 0.38% 2.27% 0.58% 0.35% 0.35% 0.23% 0.38% 1.89% 1.46% 0.16% 0.21% 1.88% 0.20% 0.44% 1.10% 0.28% 23.45% 25.07% Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 㷗⃫ (HKD) ( 178,500 715,000 222,400 136,800 336,600 298,500 291,600 607,100 805,000 295,000 212,500 475,000 742,560 414,000 656,000 175,800 442,800 676,800 407,625 415,000 268,000 450,080 189,720 243,180 237,970 520,000 324,800

2,640,000 5,141,400 2,407,680 1,896,600 1,548,450 6,686,450 1,239,000 1,135,000 1,158,000 1,466,250 1,404,000 4,767,880 2,425,500 2,196,000 2,664,300 1,716,000 2,221,400 2,212,000 1,292,340 27,537,740 29,418,845 ⶪῤ Market Value

⿺䓇㴰峡埴᷂≐≃➢慹䚖 7,500 75,000 90,000 53,000 60,000 50,000 30,000 40,000 80,000 50,000 51,000 65,000 50,000 34,000 10,000 60,000 20,000 21,000 60,000 500,000 627,000 152,000 100,000 150,000 140,000 290,000 173,000 700,000 100,000 168,000 138,400 290,000 555,000 100,000 321,000 100,000 550,000 244,000 119,000 130,000 100,000 310,400 200,000 240,000 350,000 200,000 Holdings

Hang Seng Consumer Sector FlexiPower Fund ➢慹ấ桅㔘

Livzon Pharmaceutical Group Inc. - H Shares Town Health International Medical Group 偉 as at 30 June 2015 㖍 30 Health Care Food & Beverage 㯜峬㸸㍏偉 Tibet 5100 Water Resources Holdings 㚰 6

⸜ Investment Portfolio (continued) ᶯ㳚⚥旭 WH Group 晭⢓⇑⚥旭 Yashili International ᷕ⚥㖢㖢 Want China ⹟ⶰ‭ Tingyi 亇ᶨẩ᷂ᷕ⚥ Uni-President China ⋶䅁䓇䈑䥹㈨ Bloomage BioTechnology Corporation ᷕ⚥≐䈑ᾅ‍⑩ China Animal Healthcare ᾅ‍㉌䎮俼恎⇞北⚥旭 United Laboratories International ⣑┼⚥旭 Tenwow International 大啷 5100 䤆ⅈ㍏偉 Shenguan Holdings ⋶⭅⚥旭 Huabao International Holdings 旄ᷘ普⚊ Fufeng Group 䫔ᶨ⣒⸛ First Pacific ᷕ⚥䍘ẋ䈏᷂ China Modern Dairy ᷕ⚥暐㵎梇⑩普⚊ China Yurun Food Group ᷕ⚥呁䈃 China Mengniu Dairy ᷕ⚥弱Ⱉḛ᷂ China Huishan Dairy ᷕ⚥㯯㸸㝄㯩 China Huiyuan Juice ᷕ⚥梇⑩ China Foods ᷕ⚥䱖㱡 China Agri-Industries ⎰䓇⃫⚥旭 Biostime International 2015 ㈽峬梇䈑椖⑩ ⹟‍⚥旭⋣䔿普⚊ Ⱉ᷄⦩檀普⚊⋣䓐檀↮⫸⇞⑩ Shandong Weigao Group Medical Polymer ᶲ㴟⢵㗇⋣北 Shanghai Fosun Pharmaceutical ᶲ㴟⋣北 Shanghai Pharmaceuticals ⚃䍗⋣北 Sihuan Pharmaceutical ᷕ⚥䓇䈑⇞北 Sino Biopharmaceutical ⚥北㍏偉 Sinopharm ⊿Ṕ⎴ṩ➪䥹㈨ Tong Ren Tang Technologies 㘖⋶␴栢普⚊ PW Medtech Group ↌↘⋣䔿普⚊ Phoenix Healthcare Group ᷥ䎈⋣北普⚊ - H 产⎞⇞北普⚊ Luye Pharma Group ⇑⏃⚥旭⋣北 Lijun International Pharmaceutical ⸧ⶆ䘥ḹⰙ⋣北普⚊ Guangzhou Baiyunshan Pharmaceutical Holdings 慹⣑⋣北普⚊ Jintian Pharmaceutical Group ᷄䐆⇞北 Dawnrays Pharmaceutical ⋶㿂䓇䈑⇞北㍏偉 Hua Han Bio-Pharmaceutical Holdings 䞛北普⚊ CSPC Pharmaceutical ᷕ⚥ᷕ北 China Traditional Chinese Medicine ⹟冋北᷂普⚊ Consun Pharmaceutical Group ᷕ⚥䤆⦩北᷂普⚊ China Shineway Pharmaceutical Group ⹟⒚北᷂ China Medical System ᷕ⚥⃰撳⋣北㍏偉 China Pioneer Pharma Holdings Investments ㈽峬乬⎰炷井炸亜彦⚥旭 Vinda International Holdings 28 0.13% 1.22% 0.70% 0.09% 2.14% 5.61% 1.24% 0.78% 0.13% 0.30% 0.09% 0.68% 1.93% 1.06% 0.27% 1.73% 0.66% 0.53% 0.16% 0.59% 0.90% 0.09% 1.91% 3.04% 0.15% 0.45% 0.60% 0.24% 0.10% 1.15% 0.41% 0.78% 5.32% 4.03% 0.77% 2.54% 0.40% 0.72% 3.65% 26.33% 19.87% Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 㷗⃫ (HKD) ( 152,000 823,000 107,200 913,200 152,800 354,000 110,800 314,400 281,600 804,700 194,000 779,000 621,600 697,686 101,000 178,000 701,950 523,950 121,200 483,600 915,200 901,680 847,000 468,350

1,427,250 1,451,400 2,262,000 1,242,000 2,508,000 6,585,150 2,032,000 1,059,500 3,572,000 2,237,200 6,251,400 4,731,000 1,350,875 2,985,600 4,282,600 30,911,486 23,338,505 ⶪῤ Market Value

0.94%

0.11%

⿺䓇㴰峡埴᷂≐≃➢慹䚖 55,000 80,000 71,500 65,000 80,000 70,000 96,100 21,000 50,000 88,000 52,000 95,000 92,000 40,000 40,000 40,000 40,000 60,000 60,000 70,000 100,000 180,000 410,000 120,000 200,000 180,000 650,000 400,000 200,000 120,000 124,500 320,000 200,000 120,000 100,000 380,000 100,000 119,000 267,500 Holdings Hang Seng Consumer Sector FlexiPower Fund 1,510,000 ➢慹ấ桅㔘

1,107,000

128,000

Hong Kong Stock Exchange Listed Equities as at 30 June 2015 Consumer Electronics 㖍 Automobile & Components Daphne International Texwinca Holdings 30 Consumer Services 㚰 Consumer Goods 6 361 Degrees

⸜ ⣂⨺ỻ䥹㈨ TCL Multimedia Technology ⹎ Investment Portfolio (continued) 塽⃫ⶍ᷂ Yue Yuen Industrial ⇑恎㍏偉 Trinity ⍇䓇⾩䈏᷂ YuanShengTai Dairy Farm ⿺⬱⚥旭 Hengan International 㛶⬩ Li Ning 㓷⋶㍏偉 Man Wah Holdings ⽖⇃⋣䔿䥹⬎ Microport Scientific 暟⢓䄏㖶 NVC Lighting 㴑㲥Ⅸ㯜⚥旭㍏偉 Ozner Water International Ḻ⣒乢乯 Pacific Textiles 䓛㳚⚥旭普⚊ Shenzhou International Group ⇃亜㔘䞩 Skyworth Digital TCL ⇃䥹⭆᷂ Techtronic Industries ⣑嘡乢乯普⚊ Texhong Textile Group ᷕ⚥⇑恶 China Lilang 彦剁⥖⚥旭⿅㌟䍗䎫 Esprit ⇑㞯⑩䇴 Global Brands Group 㴟⮼䓝☐普⚊ Haier Electronics Group ᷕ⚥≐⎹ China Dongxiang Group 䘦ᷥ⚥旭 Belle International 㲊⎠䘣⚥旭 Bosideng International 㴰峡㚵≉ 㴰峡⑩ ⽟㖴䓝㛢 Johnson Electric 㴟⮼㘢傥‍⹟㍏偉 Haier Healthwise 㴰峡䓝⫸ṏ⑩ ⇑ᷘ Li & Fung ⽟㯠Ἓ普⚊ 361 ⬱嶷ỻ做䓐⑩ Anta Sports Products ⣏㖴埴 Dah Chong Hong ᷄桶㰥弎 Dongfeng Motor ⎱⇑㰥弎 Geely Auto 攧❶㰥弎 Great Wall Motor 㓷⭆普⚊ Minth Group 㕘㘐ᷕ⚥≐≃ Xinchen China Power ⭅ᾉ㰥弎 Baoxin Auto ⋶㘐ᷕ⚥㰥弎 Brilliance China Automotive 㭼Ṃ徒 BYD ᷕ⚥㬋忂㰥弎㚵≉ China ZhengTong Auto Services ⊿Ṕ㰥弎 BAIC Motor Corporation 2015 ㈽峬楁㷗Ṍ㖻㇨ᶲⶪ偉䤐㰥弎⍲暞ẞ ㈽峬乬⎰炷井炸 Investments 1.63% 0.84% 1.63% 5.38% 0.85% 2.05% 0.87% 1.24% 0.42% 0.82% 0.41% 0.42% 1.64% 1.42% 0.82% 0.43% 1.71% 1.25% 0.82% 0.40% 1.64% 1.75% 0.84% 2.07% 1.24% 2.03% 0.85% 1.21% 3.00% 1.31% 0.43% 0.83% 0.82% 1.33% 0.84% 0.83% 1.56% 2.15% 1.57% 58.32% Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) (HKD) 㷗⃫ ( 4,063,340 2,099,040 4,058,940 5,092,000 2,174,690 3,093,780 1,054,040 2,051,890 1,017,670 1,040,380 4,090,060 3,530,275 2,035,760 2,117,000 2,082,100 4,245,560 3,109,110 2,029,730 1,003,400 4,069,420 1,068,500 4,341,580 5,153,900 3,078,165 5,052,825 2,114,210 3,004,995 7,461,450 3,251,370 1,075,200 2,052,770 2,037,590 3,300,555 2,080,430 2,075,440 3,887,820 5,352,525 3,917,100

13,380,705 ⶪῤ Market Value 145,100,242 ⿺䓇楁㷗ῢ⇠➢慹

1.59% 1.31% 0.41% 1.63% 1.22% 0.81%

䚖 Hang Seng Hong Kong Bond Fund Holdings 1,000,000 4,000,000 2,000,000 4,000,000 5,000,000 2,000,000 3,000,000 1,000,000 2,000,000 1,000,000 1,000,000 4,000,000 3,500,000 2,000,000 2,000,000 2,000,000 2,000,000 4,000,000 3,000,000 2,000,000 1,000,000 1,000,000 4,000,000 3,000,000 1,000,000 4,000,000 3,000,000 2,000,000 4,000,000 4,000,000 5,000,000 5,000,000 3,000,000 3,000,000 5,000,000 2,000,000 3,000,000 7,500,000 3,000,000 1,000,000 2,000,000 2,000,000 3,000,000 2,000,000 2,000,000 4,000,000 5,000,000 4,000,000 4,000,000

13,000,000 ➢慹ấ桅㔘

3,964,967 3,248,430 1,025,060 4,053,660 3,040,770 2,022,040

British Virgin Islands British Virgin Islands British Virgin Islands British Virgin Islands British Virgin Islands British Virgin Islands British Virgin Islands British Virgin Islands British Virgin Islands British Virgin Islands British Virgin Islands British Virgin Islands British Virgin Islands British Virgin Islands Cayman Islands Cayman Islands Cayman Islands Australia Australia Cayman Islands Cayman Islands Cayman Islands Singapore Bermuda Bermuda Republic of Korea France Hong Kong Hong Kong Hong Kong Hong Kong United States United States Sweden Hong Kong Hong Kong United States France France Norway Republic of Korea Republic of Korea Republic of Korea Hong Kong 枑⚥ 劙Ⰶ亜Ṕ佌ⱃ 㕘≈✉ 㱽⚥ 劙Ⰶ亜Ṕ佌ⱃ 劙Ⰶ亜Ṕ佌ⱃ 劙Ⰶ亜Ṕ佌ⱃ 楁㷗楁㷗楁㷗楁㷗劙Ⰶ亜Ṕ佌ⱃ ⺨㚤佌ⱃ 伶⚥ 伶⚥ 䐆℠ 劙Ⰶ亜Ṕ佌ⱃ 劙Ⰶ亜Ṕ佌ⱃ 劙Ⰶ亜Ṕ佌ⱃ 劙Ⰶ亜Ṕ佌ⱃ 楁㷗楁㷗䘦ヽ⣏ 伶⚥ 㱽⚥ 㱽⚥ ⺨㚤佌ⱃ ㋒⦩ 䘦ヽ⣏ 㲐ℴ炾ㆸ䩳⛘䁡 Place of Incorporation/ Registration 劙Ⰶ亜Ṕ佌ⱃ 劙Ⰶ亜Ṕ佌ⱃ 劙Ⰶ亜Ṕ佌ⱃ 劙Ⰶ亜Ṕ佌ⱃ ⺨㚤佌ⱃ 㽛⣏⇑Ṃ 㽛⣏⇑Ṃ ⺨㚤佌ⱃ ⺨㚤佌ⱃ 枑⚥ 枑⚥ 枑⚥ 劙Ⰶ亜Ṕ佌ⱃ ⺨㚤佌ⱃ 楁㷗 Emirates as at 30 June 2015 㖍 Unlisted Investments 30 㚰 6 Bonds

⸜ sia Standard International Group 4.8% 9 Jul 2019 Investment Portfolio (continued) Shinhan Bank 4.01% 9 Nov 2020 R-Reit International Finance 4.125% 22 Mar 2018 PSA International 3.8% 26 May 2020 Orange 2.75% 22 Dec 2016 Hysan MTN 3.78% 31 Aug 2020 NWD MTN 5.25% 19 Mar 2024 Wing Tai Properties Finance 4.5% 27 Nov 2024 Wheelock Finance 4.9% 16 Mar 2022 Wheelock Finance 3.6% 16 Aug 2017 Wharf Finance 4.3% 16 Nov 2021 Wharf Finance 3.75% 9 Nov 2016 Wharf Finance BVI 4.73% 25 Jan 2016 Sun Hung Kai Properties 3.45% 20 Oct 2020 SLM Corporation 5.25% 15 Sep 2016 SLM Corporation 5% 15 Dec 2015 Skandinaviska Enskilda Banken 3.4% 1 Sep 2021 2015 ㈽峬朆ᶲⶪ㈽峬 ῢ⇠ A Hong Kong Land Notes 4.04% 5 Apr 2027 Hong Kong Land Notes 3.95% 6 Nov 2023 HLP Finance 4.2% 6 Feb 2022 Henderson Land MTN 4.03% 27 Sep 2021 Far East Horizon 4.65% 9 Jul 2021 Far East Horizon 4.35% 14 Mar 2020 Bank of America 5.92% 4 Oct 2017 BNP Paribas 2.95% 9 Aug 2017 BNP Paribas 3.03% 31 Mar 2016 Cathay Pacific MTN Financing 3.9% 17 Oct 2018 DNB Bank 4.88% 20 Oct 2015 Emperor International 5% 15 Jul 2017 NWD MTN 5.9% 18 Sep 2023 Hysan MTN 3.9% 8 Mar 2019 Investments HLP Finance 3.65% 19 Mar 2018 Henderson Land MTN 4.8% 10 Nov 2031 New World China Land 5% 28 Jan 2022 National Bank of Abu Dhabi 4.32% 29 Sep 2017 Macquarie Bank 2.7% 10 Aug 2015 Macquaire Bank 2.805% 5 Mar 2025 Link Finance Cayman 2009 4.4% 5 Aug 2019 Link Finance Cayman 2009 4.1% 24 Dec 2019 Korea National Oil 3.2% 22 Dec 2016 Korea Finance 3.4% 15 Mar 2016 Korea Development Bank 4.3% 21 Oct 2021 Hysan MTN 4.1% 1 Dec 2023 HKR International 4.3% 21 May 2020 ㈽峬乬⎰炷井炸 HKCG Finance 3.9% 3 Jun 2019 29 0.82% 0.35% 0.53% 0.31% 0.26% 0.09% 0.15% 2.51% Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 㷗⃫ (HKD) ( 968,965 411,300 628,500 102,000 359,480 305,600 173,000 1,440,193 2,948,845 ⶪῤ Market Value

115,964,371 117,404,564 98.77% 100.00%

1.23%

⿺䓇㴰峡埴᷂≐≃➢慹䚖 18,000 40,000 20,000 43,000 300,000 150,000 566,646 Holdings Hang Seng Consumer Sector FlexiPower Fund ➢慹ấ桅㔘

)

㷗⃫ Net Assets Attributable to Unitholders as at 30 June 2015 Other Net Assets 㖍 Total cost of investments - HKD109,404,612 Total Investments 30 㚰 6 Retail

⸜

⿣㈽峬ㆸ㛔 Investment Portfolio (continued) ( ⿣㈽峬ⶪῤ 2015 ㈽峬暞ⓖ ℞Ṿ峬ṏⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ ℕ䤷普⚊ Luk Fook Holdings ⚥伶䓝☐ Gome Electrical Appliances 悥ⶪᷥṢ Cosmo Lady Holdings 劙䘯摇堐䎈⭅ Emperor Watch & Jewellery Ỹᷡ⤜⚥旭 Giordano International ᷕ⚥␴宸㰥弎㍏偉 China Harmony Auto ␐⣏䤷䎈⭅ Chow Tai Fook Jewellery ㈽峬乬⎰炷井炸 Investments 4.43% 2.45% 6.82% 1.15% 3.09% 2.69% 0.37% 0.56% 40.51% Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 㷗⃫ (HKD) ( 7,844,298 2,504,747 3,808,276 2,408,935 30,234,360 16,745,184 46,564,326 21,105,909 18,357,637 ⶪῤ Market Value 276,555,393 404,022,768 682,987,096 680,578,161

5.67% 1.84% 0.93% 17.49% 16.82% 0.42% 2.35% 15.16% 0.10% 4.96% 1.84% 59.14% 2.37% 0.53% 1.97% 2.77% 2.87% 100.00% 99.65% 0.35% ⿺䓇ᷕ⚥ℭ⛘ῢ⇠➢慹䚖 Hang Seng Mainland China Bond Fund 543,000 Holdings 4,000,000 4,000,000 2,000,000 6,207,000 6,207,000 3,000,000 2,000,000 5,000,000 5,000,000 5,000,000 2,271,000 2,000,000 2,819,000 2,500,000 36,451,000 15,000,000 30,385,000 10,000,000 90,324,000 91,695,000 13,000,000 82,714,000 26,023,000 10,000,000 10,509,000 15,780,000 ➢慹ấ桅㔘

38,713,505 12,553,076 6,357,760 119,489,065 114,879,536 2,885,168 16,042,381 103,558,341 701,923 33,917,773 12,548,581 16,168,405 3,621,758 13,448,071 18,897,444 19,630,637 British Virgin Islands British Virgin Islands British Virgin Islands British Virgin Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Vietnam PRC PRC India PRC PRC PRC PRC PRC PRC PRC PRC Mongolia PRC PRC 劙Ⰶ亜Ṕ佌ⱃ 崲⋿ ᷕ⚥ ᷕ⚥ ⌘⹎ ⺨㚤佌ⱃ 劙Ⰶ亜Ṕ佌ⱃ ⺨㚤佌ⱃ ⺨㚤佌ⱃ ᷕ⚥ ᷕ⚥ ᷕ⚥ ᷕ⚥ ᷕ⚥ ᷕ⚥ ᷕ⚥ ᷕ⚥ 呁⎌ 劙Ⰶ亜Ṕ佌ⱃ ᷕ⚥ ᷕ⚥ ⺨㚤佌ⱃ ⺨㚤佌ⱃ 劙Ⰶ亜Ṕ佌ⱃ 㲐ℴ炾ㆸ䩳⛘䁡 Place of Incorporation/ Registration )

㷗⃫ Net Assets Attributable to Unitholders as at 30 June 2015 Other Net Assets 㖍 Total cost of investments - HKD654,012,842 Total Investments 30 Listed Investments Government Bonds Corporate Bonds 㚰 6

⸜

⿣㈽峬ㆸ㛔 Investment Portfolio (continued) Yingde Gases Investment 8.125% 22 Apr 2018 Vingroup 11.625% 7 May 2018 Sinochem International Variable 5 Mar 2019 Shanghai International Port Group 4.69% 30 Mar 2016 Reliance Industries 4.875% 10 Feb 2045 Powerlong Real Estate 10.75% 18 Sep 2017 Lai Sun Garment International Finance 7.7% 24 Jul 2018 Kaisa Group Holdings 6.875% 22 Apr 2016 Future Land Development 9.75% 23 Apr 2016 Hainan Airlines 5.6% 24 May 2016 China Government Bond 4.26% 31 Jul 2021 China Government Bond 2.6% 20 Sep 2017 China Government Bond 3.65% 15 Nov 2020 China Government Bond 3.38% 23 May 2023 China Government Bond 3.4% 17 Apr 2023 China Government Bond 4.1% 27 Sep 2032 China Government Bond 4.11% 15 May 2025 Mongolia International Bond 7.5% 30 Jun 2018 Big Will Investments 10.875% 29 Apr 2016 China Yangtze Power 5.35% 24 Sep 2017 China Yangtze Power 5.21% 8 Nov 2016 CIFI Holdings Group 7.75% 05 June 2020 Dorsett Hospitality International Ltd 6% 3 Apr 2018 eSun Int’l Finance 8.375% 24 Jun 2018 ( 2015 ㈽峬 ᶲⶪ㈽峬㓧⹄ῢ⇠ ℔⎠ῢ≝ ℞Ṿ峬ṏⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ ⿣㈽峬ⶪῤ ㈽峬乬⎰炷井炸 Investments 30 1.31% 1.52% 31.60% Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 㷗⃫ (HKD) ( 4,104,153 3,790,346

78,548,585 21,019,834 ⶪῤ Market Value 244,668,661 248,772,814 ⿺䓇楁㷗ῢ⇠➢慹

1.14% 0.82% 0.88% 1.51% 1.84% 1.00% 3.07% 1.02% 4.02% 1.03% 1.82% 1.32% 1.61% 3.13% 3.06% 1.50% 98.35% 1.65% 100.00%

1.23% 8.43% 1.22% 1.63% 1.11% 1.63% 1.61% 䚖 Hang Seng Hong Kong Bond Fund 500,000 400,000 350,000 600,000 333,000 500,000 400,000 500,000 Holdings

2,000,000 2,000,000 3,000,000 2,000,000 1,000,000 2,000,000 4,000,000 1,000,000 1,000,000 3,000,000 3,000,000 4,000,000 2,750,000 4,000,000 4,000,000 10,000,000 ➢慹ấ桅㔘

3,259,884 2,833,636 2,028,990 2,192,150 3,752,438 4,566,784 2,477,652 7,634,176 2,543,104 9,994,150 2,551,642 4,526,937 3,279,265 4,002,940 7,782,983 7,611,151 3,720,357 3,067,725 3,044,400 4,059,720 2,768,109 4,063,660 4,016,220 British Virgin Islands British Virgin Islands British Virgin Islands British Virgin Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Malaysia Singapore Republic of Korea Republic of Korea Japan Hong Kong Japan Republic of Korea Hong Kong Hong Kong PRC PRC Hong Kong PRC ⺨㚤佌ⱃ 枑⚥ 枑⚥ 劙Ⰶ亜Ṕ佌ⱃ 劙Ⰶ亜Ṕ佌ⱃ ⺨㚤佌ⱃ 㖍㛔⺨㚤佌ⱃ 㕘≈✉ ⺨㚤佌ⱃ 楁㷗㖍㛔枑⚥ 劙Ⰶ亜Ṕ佌ⱃ 劙Ⰶ亜Ṕ佌ⱃ ⺨㚤佌ⱃ 楁㷗⺨㚤佌ⱃ 㲐ℴ炾ㆸ䩳⛘䁡 Place of Incorporation/ Registration 楁㷗 ᷕ⚥ ᷕ⚥ 楁㷗樔㜍大Ṃ ᷕ⚥ )

㷗⃫ Net Assets Attributable to Unitholders as at 30 June 2015 Other Net Assets 㖍 Total cost of investments - HKD243,402,682 Total Investments 30 Listed Investments 㚰 Certificates of deposit 6 Bonds

⸜ libaba 4.5% 28 Nov 2034 ⿣㈽峬ㆸ㛔 Investment Portfolio (continued) Tencent Holdings 3.8% 11 Feb 2025 Korea National Oil Corporation 3.4% 15 Feb 2016 Korea National Oil Corporation 4.5% 4 Mar 2021 LS Finance 2025 4.5% 26 Jun Huarong Finance II 5.5% 16 Jan 2025 Greentown China Holdings 5.625% 13 May 2016 Nippon Life Insurance Variable 16 Oct 2044 Modern Land China 11% 22 Jan 2017 Global Logistic Property 3.875% 4 Jun 2025 Future Land Development 9.75% 23 Apr 2016 CITIC 6.8% 17 Jan 2023 Dai-ichi Life Insurance Variable Perpetual Export-Import Bank of Korea 1.57% 11 May 2018 China Great Wall II 2.5% 18 Jun 2018 China Shenhua Overseas 3.875% 20 Jan 2025 China City Infrastructure 12.5% 28 Nov 2016 Beijing State-Owned 4.125% 26 May 2025 ( ㈽峬 ⬀㫦孩 A ⿣㈽峬ⶪῤ ℞Ṿ峬ṏⅨῤ ส䠁ԭ仍ᤱᴹӪⲴ䍴ӗ߰٬ 2015 ᶲⶪ㈽峬 ῢ⇠ OCBC Wing Hang Bank 2.6% 16 Jul 2018 Bank of China (HK) 2.1% 24 Nov 2017 China Merchants Bank 3.3% 23 Apr 2019 Dah Sing Bank 2.28% 7 Nov 2018 Malayan Bank BHD HK 2.5% 6 Aug 2018 Bank of China (HK) 2.4% 15 May 2017 ㈽峬乬⎰炷井炸 Investments 2.83% 7.43% 90.38% Unitholders ttributable to A % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 伶⃫ (USD) ( 816,000

9,924,396 9,924,396 1,056,402 10,980,798 ⶪῤ Market Value 4.35% 7.15% 5.38% 2.74% 4.59% 4.38% 9.14% 4.55% 4.01% 7.47% 4.77% 4.61% 4.71% 3.33% 4.38% 4.56%

90.38% 100.00% 9.62%

⿺䓇䍗䎫慹圵埴᷂ῢ⇠➢慹䚖

500,000 800,000 600,000 300,000 500,000 500,000 500,000 400,000 800,000 500,000 500,000 500,000 350,000 300,000 800,000 500,000 Holdings Hang Seng Global Financial Sector Bond Fund 1,000,000 3,000,000 ➢慹ấ桅㔘 477,503 785,424 590,820 300,417 504,593 481,050 1,003,945 499,490 440,316 820,000 523,870 505,797 517,100 365,517 311,184 481,035 500,335 British Virgin Islands British Virgin Islands British Virgin Islands British Virgin Islands British Virgin Islands British Virgin Islands British Virgin Islands British Virgin Islands Cayman Islands Cayman Islands Cayman Islands Hong Kong PRC Hong Kong Hong Kong Republic of Korea Great Britain Brazil 楁㷗⺨㚤佌ⱃ ⺨㚤佌ⱃ 劙Ⰶ亜Ṕ佌ⱃ 劙Ⰶ亜Ṕ佌ⱃ 劙Ⰶ亜Ṕ佌ⱃ ᷕ⚥ 劙Ⰶ亜Ṕ佌ⱃ 楁㷗劙Ⰶ亜Ṕ佌ⱃ 劙Ⰶ亜Ṕ佌ⱃ 劙Ⰶ亜Ṕ佌ⱃ 劙Ⰶ亜Ṕ佌ⱃ 楁㷗枑⚥ 劙⚥ ⺨㚤佌ⱃ ⶜大㲐ℴ炾ㆸ䩳⛘䁡 Place of Incorporation/ Registration )

伶⃫ Net Assets Attributable to Unitholders as at 30 June 2015 Other Net Assets 㖍 Total cost of investments - USD9,949,785 Total Investments 30 Listed Investments 㚰 6 Bonds

⸜ zure Orbit International Finance 3.75% 6 Mar 2023 ⿣㈽峬ㆸ㛔 Investment Portfolio (continued) Beijing State-Owned Asset Management (HK) 4.125% 26 May 2025 CDBL Funding 4.25% 2 Dec 2024 CDBL Funding 3.25% 2 Dec 2019 Charming Light Investments 3.75% 3 Sep 2019 China Cinda Finance 2015 4.25% 23 Apr 2025 China Great Wall II 2.5% 18 Jun 2018 China Minsheng Banking (HK) 2.25% 21 May 2018 China Taiping New Horizon 6% 18 Oct 2023 Far East Horizon Variable Perpetual Haitong International Finance 3.95% 29 Oct 2018 Haitong International Finance 4.2% 29 July 2020 Huarong Finance II 4.5% 16 Jan 2020 Huarong Finance II 5.5% 16 Jan 2025 ICBC (Asia) 10 Oct 2023 Korean Reinsurance 4.5% 21 Oct 2044 Barclays 3.65% 16 Mar 2025 Banco BTG Pactual 4.1% 26 Mar 2016 ( 2015 ㈽峬 ᶲⶪ㈽峬 ῢ⇠ A ⿣㈽峬ⶪῤ ℞Ṿ峬ṏⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ ㈽峬乬⎰炷井炸 Investments 31 Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 伶⃫ (USD) ( 8,230,050 8,230,050 9,685,728 1,455,678 ⶪῤ Market Value Corporate Bond Fund 6.77% 84.97% 5.28% 5.66% 4.18% 5.86% 6.50% 3.25% 5.08% 4.89% 7.24% 3.15% 8.29% 5.55% 5.15% 3.05% 5.07% 84.97% 100.00% 15.03% 䚖 ⿺䓇ℭ⛘⍲楁㷗ẩ᷂ῢ⇠➢慹 Hang Seng Mainland and Hong Kong 500,000 500,000 600,000 500,000 500,000 600,000 300,000 800,000 500,000 500,000 300,000 500,000 Holdings 4,000,000 2,500,000 2,000,000 3,000,000 ➢慹ấ桅㔘 511,300 656,172 404,813 567,500 629,610 314,750 492,375 473,599 548,440 700,728 305,250 803,156 537,650 498,407 295,410 490,890 British Virgin Islands British Virgin Islands British Virgin Islands British Virgin Islands British Virgin Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands Cayman Islands PRC Hong Kong Hong Kong Hong Kong ᷕ⚥ 劙Ⰶ亜Ṕ佌ⱃ 劙Ⰶ亜Ṕ佌ⱃ 劙Ⰶ亜Ṕ佌ⱃ ⺨㚤佌ⱃ 劙Ⰶ亜Ṕ佌ⱃ ⺨㚤佌ⱃ ⺨㚤佌ⱃ ⺨㚤佌ⱃ 楁㷗⺨㚤佌ⱃ 劙Ⰶ亜Ṕ佌ⱃ ⺨㚤佌ⱃ 楁㷗⺨㚤佌ⱃ 㲐ℴ炾ㆸ䩳⛘䁡 Place of Incorporation/ Registration 楁㷗 )

伶⃫ Net Assets Attributable to Unitholders as at 30 June 2015 Other Net Assets 㖍 Total cost of investments - USD8,195,305 Total Investments 30 Listed Investments 㚰 6 Bonds

⸜

⿣㈽峬ㆸ㛔 Investment Portfolio (continued) Zhuhai Da Heng Qin 4.75% 11 Dec 2017 eSun Int’l Finance 8.375% 24 Jun 2018 Franshion Development 6.75% 15 Apr 2021 King Power Capital 5.625% 3 Nov 2024 Lai Fung Holdings 6.875% 25 Apr 2018 LS Finance 2025 4.5% 26 Jun Powerlong Real Estate 10.75% 18 Sep 2017 Shimao Property Holdings 6.625% 14 Jan 2020 ENN Energy 6% 13 May 2021 CITIC 6.8% 17 Jan 2023 China Hongqiao Group 7.625% 26 Jun 2017 China Great Wall II 2.5% 18 Jun 2018 China Aoyuan Property Group 13.875% 23 Nov 2017 CGNPC International 4% 19 May 2025 CDBL 4.25% 2 Dec 2024 ( 2015 ㈽峬 ᶲⶪ㈽峬 ῢ⇠ ⿣㈽峬ⶪῤ ℞Ṿ峬ṏⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ Beijing State-Owned Asset Management (HK) 4.125% 26 May 2025 ㈽峬乬⎰炷井炸 Investments 32 Unitholders Attributable to % of Net Assets ⌈➢慹ấ桅㊩㚱Ṣ 䘬峬ṏⅨῤ䘦↮㭼 ) 㷗⃫ (HKD) ( 4,505,198 25,174,048 20,668,850 ⶪῤ Market Value 17.89% 7.95% 100.00% 82.11% 9.94% ⿺䓇㷗⃫峏ⶩⶪ⛢➢慹䚖 Holdings 2,000,000 2,500,000 Hang Seng Hong Kong Dollar Money Market Fund ➢慹ấ桅㔘 2,002,860 2,502,338 PRC Hong Kong ᷕ⚥ 㲐ℴ炾ㆸ䩳⛘䁡 Place of Incorporation/ Registration 楁㷗 )

㷗⃫ Net Assets Attributable to Unitholders as at 30 June 2015 Other Net Assets 㖍 Total cost of investments - HKD4,503,850 Total Investments Unlisted Investments 30 㚰 Certificates of deposit 6 Bonds

⸜

⿣㈽峬ㆸ㛔 Investment Portfolio (continued) ( China Construction Bank 1.2% 12 Nov 2015 ⬀㫦孩 ⿣㈽峬ⶪῤ 2015 ㈽峬朆ᶲⶪ㈽峬 ῢ⇠ ℞Ṿ峬ṏⅨῤ ➢慹ấ桅㊩㚱Ṣ䘬峬ṏⅨῤ Bank of East Asia 1.15% 29 Jan 2016 ㈽峬乬⎰炷井炸 Investments 投资组合变动表 Statement of Movements in Portfolio Holdings 2015年6月30日 as at 30 June 2015

占基金份额持有人占基金份额持有人占基金份额持有人占基金份额持有人占基金份额持有人占基金份额持有人总资产净值百分比总资产净值百分比总资产净值百分比总资产净值百分比总资产净值百分比总资产净值百分比 % of Total Net Assets % of Total Net Assets % of Total Net Assets % of Total Net Assets % of Total Net Assets % of Total Net Assets Attributable to Unitholders Attributable to Unitholders Attributable to Unitholders Attributable to Unitholders Attributable to Unitholders Attributable to Unitholders 30-06-2015 31-12-2014 30-06-2015 31-12-2014 30-06-2015 31-12-2014 30-06-2015 31-12-2014 30-06-2015 31-12-2014 30-06-2015 31-12-2014

股票 Equities ------房地产投资信托基金 Real Estate Investment Trust ------股票基金 Equity funds 38.71 39.75 52.14 65.09 80.02 95.91 - - - - 90.67 92.17 债券基金 Bond funds 58.24 54.22 32.34 29.32 - - 92.68 89.05 62.96 52.56 - - 债券/存款证 Bonds/certificates of deposit ------30.19 43.20 - - 期货合约 Futures contracts ------总投资市值 Total investments 96.95 93.97 84.48 94.41 80.02 95.91 92.68 89.05 93.15 95.76 90.67 92.17 其他资产/(负债)净值 Other net assets/(liabilities) 3.05 6.03 15.52 5.59 19.98 4.09 7.32 10.95 6.85 4.24 9.33 7.83 基金份额持有人的总资产净值 Total Net Assets Attributable to Unitholders 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

恒生可持续发展企业恒生中型股指数基金恒生中国指数基金恒生中国H股指数基金恒生神州50指数基金恒生指数基金指数基金 Hang Seng MidCap Hang Seng China Hang Seng China H-Share Hang Seng China 50 Hang Seng Index Fund Hang Seng Corporate Index Fund Index Fund Index Fund Index Fund Sustainability Index Fund

股票 Equities 91.11 96.26 99.89 100.05 - - - - 100.15 99.78 100.06 99.84 房地产投资信托基金 Real Estate Investment Trust 1.09 1.40 ------股票基金 Equity funds - - - - 98.91 98.63 99.13 98.67 - - - - 债券基金 Bond funds ------债券/存款证 Bonds/certificates of deposit ------期货合约 Futures contracts (0.25) 0.02 ------总投资市值 Total investments 91.95 97.68 99.89 100.05 98.91 98.63 99.13 98.67 100.15 99.78 100.06 99.84 其他资产/(负债)净值 Other net assets/(liabilities) 8.05 2.32 0.11 (0.05) 1.09 1.37 0.87 1.33 (0.15) 0.22 (0.06) 0.16 基金份额持有人的总资产净值 Total Net Assets Attributable to Unitholders 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

33 ------

------1.18 5.76 Index Fund Hang Seng Taiwan % of Total Net Assets % of Total Net Assets 占基金份额持有人总资产净值百分比占基金份额持有人总资产净值百分比 Hang Seng Financial 恒生台湾指数基金 Sector FlexiPower Fund Attributable to Unitholders Attributable to Unitholders 恒生金融行业动力基金 ------

------6.66 1.18 1.61 Index Fund Hang Seng Pacific Hang Seng Property % of Total Net Assets % of Total Net Assets 占基金份额持有人总资产净值百分比占基金份额持有人总资产净值百分比 Sector FlexiPower Fund 恒生太平洋指数基金 Attributable to Unitholders Attributable to Unitholders 恒生地产行业动力基金 ------

股精选基金 ------0.49 (1.33) 0.03 0.02 0.07 0.08 0.20 0.16 Index Fund Hang Seng China Hang Seng Japan % of Total Net Assets % of Total Net Assets 占基金份额持有人总资产净值百分比占基金份额持有人总资产净值百分比 B-Share Focus Fund 恒生日本指数基金 Attributable to Unitholders Attributable to Unitholders 恒生中国 B ------4.00 8.25 Equity Fund Hang Seng China % of Total Net Assets % of Total Net Assets 占基金份额持有人总资产净值百分比占基金份额持有人总资产净值百分比恒生中国股票基金 European Index Fund Hang Seng Continental Attributable to Unitholders Attributable to Unitholders 恒生欧洲大陆指数基金 - - 96.31- 91.39 99.51 101.33 92.16 98.39 98.82 94.24 - - - - 1.79 (0.03) 0.08 34 股指数 ------策略基金 0.27 Index Fund 150 Hang Seng UK 恒生中国 H % of Total Net Assets % of Total Net Assets 占基金份额持有人总资产净值百分比占基金份额持有人总资产净值百分比恒生英国指数基金 Attributable to Unitholders Attributable to Unitholders Hang Seng China H-Share Index Leveraged 150 Fund - (3.98) ------

策略基金 ------99.80 99.84 - - 0.63 Index Fund 67.29 77.39 65.45 77.54 100.31 99.64 99.51 101.33 98.82 98.39 98.82 94.24 32.71 22.61 34.55 22.46 (0.31) 0.36 70.55 76.40 69.43 76.67 99.37 100.00 99.73 98.21 100.03 99.92 99.97 99.98 99.93 99.92 99.80 99.84 99.37 100.00 99.73 98.21 100.03 99.92 99.97 99.98 99.93 99.92 (3.26) 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 Hang Seng Index % of Total Net Assets Leveraged 150 Fund % of Total Net Assets 占基金份额持有人总资产净值百分比占基金份额持有人总资产净值百分比恒生美国指数基金 Hang Seng American 30-06-2015 31-12-2014 30-06-2015 31-12-2014 30-06-2015 31-12-2014 30-06-2015 31-12-2014 30-06-2015 31-12-2014 30-06-2015 31-12-2014 30-06-2015 31-12-2014 30-06-2015 31-12-2014 30-06-2015 31-12-2014 30-06-2015 31-12-2014 30-06-2015 31-12-2014 30-06-2015 31-12-2014 Attributable to Unitholders Attributable to Unitholders 恒生指数 150 )

续 ( 净值 Other net assets/(liabilities) 净值 Other net assets/(liabilities) as at 30 June 2015 日负债 ) 负债 ) 30 月 6 存款证 Bonds/certificates of deposit 存款证 Bonds/certificates of deposit 年 Statement of Movements in Portfolio Holdings (continued) 总投资市值 Total investments 其他资产 /( 基金份额持有人的总资产净值 Total Net Assets Attributable to Unitholders 期货合约 Futures contracts 债券基金 Bond funds 债券 / 股票基金 Equity funds 房地产投资信托基金 Real Estate Investment Trust 股票 Equities 总投资市值 Total investments 其他资产 /( 基金份额持有人的总资产净值 Total Net Assets Attributable to Unitholders 结构性票据 Structured notes 股票基金 Equity funds 债券基金 Bond funds 债券 / 股票 Equities 房地产投资信托基金 Real Estate Investment Trust 投资组合变动表 2015 - - - - % of Total Net Assets 占基金份额持有人总资产净值百分比 Hang Seng Hong Kong Attributable to Unitholders 恒生港元货币市场基金 Dollar Money Market Fund - - - - 9.62 5.92 82.11 79.42 债券基金 Sector Bond Fund % of Total Net Assets 占基金份额持有人总资产净值百分比恒生环球金融行业 Attributable to Unitholders Hang Seng Global Financial - - - - Bond Fund 企业债券基金恒生内地及香港 % of Total Net Assets 占基金份额持有人总资产净值百分比 Hong Kong Corporate Attributable to Unitholders Hang Seng Mainland and - - - - 0.35 11.28 15.03 1.99 Bond Fund % of Total Net Assets 占基金份额持有人总资产净值百分比 Attributable to Unitholders 恒生中国内地债券基金 Hang Seng Mainland China - - 9.52 35 - - Bond Fund 1.65 % of Total Net Assets 占基金份额持有人总资产净值百分比恒生香港债券基金 Hang Seng Hong Kong Attributable to Unitholders - - 98.35 90.48 99.65 88.72 84.97 98.01 90.38 94.08 17.89 20.58 ------1.23 2.46 98.77 97.54 98.35 90.48 99.65 88.72 84.97 98.01 90.38 94.08 17.89 20.58 98.77 97.54 ------100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 % of Total Net Assets 占基金份额持有人总资产净值百分比 Hang Seng Consumer 30-06-2015 31-12-2014 30-06-2015 31-12-2014 30-06-2015 31-12-2014 30-06-2015 31-12-2014 30-06-2015 31-12-2014 30-06-2015 31-12-2014 Sector FlexiPower Fund Attributable to Unitholders 恒生消费行业动力基金 )

续 ( 净值 Other net assets/(liabilities) as at 30 June 2015 日负债 ) 30 月 6 存款证 Bonds/certificates of deposit 年 Statement of Movements in Portfolio Holdings (continued) 总投资市值 Total investments 其他资产 /( 股票基金 Equity funds 债券基金 Bond funds 债券 / 基金份额持有人的总资产净值 Total Net Assets Attributable to Unitholders 期货合约 Futures contracts 股票 Equities 房地产投资信托基金 Real Estate Investment Trust 投资组合变动表 2015 资产负债表 Statement of Assets and Liabilities 2015年6月30日 as at 30 June 2015

恒生环球平稳增长基金恒生环球均衡增长基金恒生环球高增长基金恒生环球债券基金恒生环球高收益债券基金恒生环球科技基金 Hang Seng Global Hang Seng Global Hang Seng Global Hang Seng Global Hang Seng Global Hang Seng Global Conservative Fund Balanced Fund High Growth Fund Bond Fund High Yield Bond Fund Technology Fund 30-06-2015 31-12-2014 30-06-2015 31-12-2014 30-06-2015 31-12-2014 30-06-2015 31-12-2014 30-06-2015 31-12-2014 30-06-2015 31-12-2014 (美元) (USD) (美元) (USD) (美元) (USD) (美元) (USD) (美元) (USD) (美元) (USD) (美元) (USD) (美元) (USD) (美元) (USD) (美元) (USD) (美元) (USD) (美元) (USD) 资产 Assets 按公平价值列入收入或亏损的金融资产 Financial assets at fair value through profit or loss 6,659,094 6,609,711 20,798,546 23,078,221 15,010,398 17,173,449 5,844,632 6,458,337 38,102,952 41,671,016 6,103,281 5,844,695 预付款项 Prepayments 2,791 691 9,966 2,465 5,979 1,479 2,486 - 20,228 4,346 1,595 394 应收收益分配款项 Distributions receivable 4,179 3,682 23,265 24,852 23,218 27,187 - - - - 4,529 12,255 应收认购基金份额款项 Amounts receivable on subscription of units 15,207 - 2,941 - 100,928 - - - - 7,881 120,000 180,000 应收投资款项 Amounts receivable on sale of investments - - - - - 207,062 - - - - - 252,447 其他应收款项 Other accounts receivable ------361,457 516,705 - - 保证金 Margin deposits ------现金及现金等价物 Cash and cash equivalents 412,493 465,644 3,829,439 1,387,301 3,654,754 529,828 483,233 816,066 3,785,557 1,598,988 931,721 325,218 资产总值 Total assets 7,093,764 7,079,728 24,664,157 24,492,839 18,795,277 17,939,005 6,330,351 7,274,403 42,270,194 43,798,936 7,161,126 6,615,009

负债 Liabilities 按公平价值列入收入或亏损的金融负债 Financial liabilities at fair value through profit or loss ------银行透支 Bank overdraft ------应付投资款项 Amounts payable on purchase of investments ------1,045,834 - - 251,476 应付赎回基金份额款项 Amounts payable on redemption of units 201,828 30,499 - 14,916 6,333 15,059 315 668 24,775 5,032 400,059 - 应付基金份额持有人收益分配款项 Distributions payable to unitholders ------4,358 7,611 187,129 200,213 - - 预提费用及其他应付款项 Accrued expenses and other payables 23,627 15,439 44,775 33,008 31,600 18,394 19,587 13,255 109,352 78,262 29,848 22,334 应付税款 Taxation ------递延税项负债 Deferred tax liabilities ------负债总值(不包括基金份额持有人的资产净值) Total liabilities (excluding net assets attributable to unitholders) 225,455 45,938 44,775 47,924 37,933 33,453 24,260 21,534 1,367,090 283,507 429,907 273,810

基金份额持有人的资产净值 Net assets attributable to unitholders 6,868,309 7,033,790 24,619,382 24,444,915 18,757,344 17,905,552 6,306,091 7,252,869 40,903,104 43,515,429 6,731,219 6,341,199

代表 Representing: 金融负债-基金份额持有人的资产净值 Financial liability-Net assets attributable to ------6,306,091 7,252,869 40,903,104 43,515,429 - - unitholders 权益总值 Total equity 6,868,309 7,033,790 24,619,382 24,444,915 18,757,344 17,905,552 - - - - 6,731,219 6,341,199

已发行基金份额总数目 Total number of units in issue A 类基金份额 Class A Unit 287,252 303,551 1,021,178 1,065,026 798,495 810,837 - - - - 831,739 786,523 派息基金份额 - A 类基金份额 Income unit - Class A Unit ------29,051 50,738 3,742,586 4,004,268 - - 累积收益基金份额 - A 类基金份额 Accumulation unit - Class A Unit ------371,046 413,749 139,238 157,024 - - 累积收益基金份额 - I 类基金份额 Accumulation unit - Class I Unit ------

每基金份额资产净值 Net asset value per unit A 类基金份额 Class A Unit 23.91 23.17 24.11 22.95 23.49 22.08 - - - - 8.09 8.06 派息基金份额 - A 类基金份额 Income unit - Class A Unit ------11.89 12.03 10.05 9.98 - - 累积收益基金份额 - A 类基金份额 Accumulation unit - Class A Unit ------16.06 16.05 23.61 22.74 - - 累积收益基金份额 - I 类基金份额 Accumulation unit - Class I Unit ------

* 基金管理人欲强调公布的基金基金份额价格乃根据基金之基金说明书中所列明之原则计算。此计算原则与计算财务报告中《基金份额持有人的资产净值》及相关的《每基金份额资产净值》需按照的《香港财务报告准则》并不相同。因此，于本财务报告中所载之《基金份额持有人的资产净值》则有别于用作估值用途经调整后之资产净值。 * The Manager would like to highlight that the principles for calculating the published unit price as set out in the Explanatory Memorandum of the Funds are different from that required for calculating the net assets attributable to unitholders and hence the corresponding net asset value per unit for financial reporting purposes under HKFRSs. The net assets attributable to unitholders as reported in the financial statements are therefore different from the adjusted total net assets for valuation purposes at the reporting dates.

36 ------4 12.34 84,844 27,638 444,095 594,037 31-12-201 港元 ) (HKD) ( ------1,134,970 5 指数基金 14.29 20,931 539,035 214,477 398,584 973,951 118,812 Hang Seng Corporate 30-06-201 恒生可持续发展企业 Sustainability Index Fund 港元 ) (HKD) ( ------4 12.02 16,667 490,355 133,396 763,549 31-12-201 港元 ) (HKD) ( 指数基金 ------3,381,910 5 Index Fund 13.27 278,925 741,880 259,223 229,669 Hang Seng China 50 30-06-201 恒生神州 50 港元 ) (HKD) ( - - 15,631,045 16,526,007 4,188,986 1,994,332 - 207,350,341 198,686,538 59,855,398 24,616,506 -- 1,214,857 1,216,847 - 1,114,809 1,912,920 - - - 4 43.85 39.28 64,122 999,873 31-12-201 港元 ) (HKD) ( 股指数基金 ------7,330,500 - - - - - 38,404,070 5 43.21 47.16 Hang Seng China H-Share Index Fund 30-06-201 恒生中国 H 港元 ) (HKD) ( ------31,197,799 - - - - 4 40.80 47.49 366,565 1,113,994 1,304,161 618,895 44,324,041 42,047,015 3,609,694 3,753,518 1,152,096 1,122,976 213,697 1,471,980 1,195,746 267,593 137,605 11,654,262 32,520,896 392,430 23,429,270 518,041 16,585,760 2,466,774 1,041,983 31-12-201 港元 ) (HKD) ( ------5 Index Fund 45.83 53.34 88,795 237,293 669,119 459,042 121,282 291,870 399,400 Hang Seng China 恒生中国指数基金 30-06-201 港元 ) (HKD) ( ------4 28.63 36.86 70,446 53,568 14,540 1,500,075 1,484,170 12,947,632 8,116,322 1,928,729 171,820 219,884 998,093 37 1,338,341 2,427,930 2,423,999 20,234,060 10,862,895 1,288,423 1,193,248 31-12-201 港元 ) (HKD) ( ------5 Index Fund 33.07 42.58 214,291 693,222 244,635 123,200 147,757 925,954 163,656 3,944,057 1,061,057 Hang Seng MidCap 30-06-201 恒生中型股指数基金港元 ) (HKD) ( - - - - - 175,012,135 54,254,602 140,372,526 130,060,700 1,002,387,564 527,626,474 ------4 27.72 31-12-201 港元 ) (HKD) ( ------19,897,986 - 47,804,939 - - 5 31.19 195,329 48,329 12,191 1,734 10,874 1,553 53,253 17,036 99,513 20,167 2,917 706 恒生指数基金 3,554,535 3,333,233 5,193,183 9,133,635 75,256,561 72,816,344 14,705,468 80,169,793 25,086,943 5,790,363 25,515,267 24,370,251 26,789,560 122,626,904 94,328,429 Hang Seng Index Fund 30-06-201 2,347,258,775 2,018,105,090 2,347,258,775 2,018,105,090 175,012,135 54,254,602 140,372,526 130,060,700 1,002,387,564 527,626,474 207,350,341 198,686,538 59,855,398 24,616,506 2,361,964,243 2,098,274,883 176,073,192 55,543,025 141,041,645 130,679,595 1,046,711,605 569,673,489 210,960,035 202,440,056 61,007,494 25,739,482 港元 ) (HKD) (

attributable

assets

Net - liability

) Financial 值 )

续资产净 ( 类基金份额 Accumulation unit - Class A Unit 类基金份额 Accumulation unit - Class A Unit 持有人的类基金份额 Income unit - Class A Unit 类基金份额 Income unit - Class A Unit as at 30 June 2015 额 30 日不包括基金份额持有人的资产净值基金份 - 6 月年负债基金管理人欲强调公布的基金基金份额价格乃根据基金之基金说明书中所列明之原则计算。此计算原则与计算财务报告中《基金份额持有人的资产净值》及相关的《每基金份额资产净值》需按照的《香港财务报告准则》并不相同。因此，于本财务报告中所载之《基金份额持有人的资产净值》则有别于用作估值用途经调整后之资产净值。 The Manager would like to highlightunitholders as reported in the financial statements are therefore different from adjusted total net assets for valuation purposes at the reporting dates. that the principles for calculating the published unit price as set out in the Explanatory Memorandum of the Funds are different from that required for calculating the net assets attributable to unitholders and hence the corresponding net asset value per unit for financial reporting purposes under HKFRSs. The net assets attributable to 类基金份额 Class A Unit 类基金份额 Class A Unit 类基金份额 Class I Unit 类基金份额 Class I Unit Statement of Assets and Liabilities (continued) Total liabilities (excluding net assets attributable to unitholders) 负债总值 ( * * 累积收益基金份额 - A I 派息基金份额 - A 每基金份额资产净值 Net asset value per unit A 2015 累积收益基金份额 - A I 派息基金份额 - A 已发行基金份额总数目 Total number of units in issue A 权益总值 Total equity 基金份额持有人的资产净值 Net assets attributable to unitholders 代表 Representing: 递延税项负债 Deferred tax liabilities 预提费用及其他应付款项 Accrued expenses and other payables 应付税款 Taxation 应付赎回基金份额款项 Amounts payable on redemption of units 应付投资款项 Amounts payable on purchase of investments 应付基金份额持有人收益分配款项 Distributions payable to unitholders 银行透支 Bank overdraft 现金及现金等价物 Cash and cash equivalents 资产总值 Total assets 负债 Liabilities 按公平价值列入收入或亏损的金融负债 Financial liabilities at fair value through profit or loss 5,957,750 保证金 Margin deposits 其他应收款项 Other accounts receivable 应收投资款项 Amounts receivable on sale of investments 资产 Assets 按公平价值列入收入或亏损的金融资产 Financial assets at fair value through profit or loss预付款项 Prepayments 2,164,169,549 1,971,318,202 174,823,634 54,279,935 138,839,426 128,283,401 993,695,690 520,605,165金融 207,660,141unitholders 198,257,763 59,890,883 24,576,168 应收收益分配款项 Distributions receivable 资产负债表应收认购基金份额款项 Amounts receivable on subscription of units ------4 12.58 12.40 51,531 40,348 237,043 242,611 191,080 229,946 31-12-201 美元 ) (USD) ( ------5 2,958 Index Fund 13.25 13.04 76,817 87,803 16,221 54,424 237,043 235,265 153,956 112,989 Hang Seng Taiwan 恒生台湾指数基金 30-06-201 美元 ) (USD) ( - - - 17,026,618 17,856,789 ------4 1,195 27.18 19,980 42,000 563,246 446,604 1,064,405 1,199,818 437,000 106,266 112,999 416,981 31-12-201 美元 ) (USD) ( ------5 66 4,697 5,808 Index Fund 27.17 48,442 25,501 22,875 30,953 14,029 381,708 Hang Seng Pacific 30-06-201 恒生太平洋指数基金美元 ) (USD) ( ------4 8.31 1,958 31,509 14,106 17,403 13,099 19,000 31-12-201 美元 ) (USD) ( ------5 9.45 5,409 6,668 Index Fund 39,916 21,216 18,700 30,098 832,280 1,514,029 Hang Seng Japan 恒生日本指数基金 30-06-201 美元 ) (USD) ( ------4 30 4,963 15.01 35,702 932,726 671,398 394,666 241,000 277,589 400,000 31-12-201 美元 ) (USD) ( ------5 51 5,917 2,288 15.79 54,128 40,728 679,693 219,871 European Index Fund 30-06-201 Hang Seng Continental 美元 ) (USD) 恒生欧洲大陆指数基金 ( ------4 1,177 12.52 70,424 1,692,870 16,279 54,145 1,378,143 18,659 54,000 1,681,438 226,376 38 1,025,546 31-12-201 美元 ) (USD) ( ------5 Index Fund 1,535 12.88 28,098 29,749 Hang Seng UK 770,738 699,631 671,533 694,738 9,928,622 12,838,678 10,729,380 14,003,829 7,864,925 12,578,965 10,372,457 12,138,215 9,928,622 12,838,678 10,729,380 14,003,829 7,864,925 12,578,965 10,372,457 12,138,215 17,026,618 17,856,789 9,902,231 12,608,890 10,732,556 13,992,675 7,862,666 12,576,417 10,365,412 12,128,286 16,991,980 17,829,106 恒生英国指数基金 30-06-201 美元 ) (USD) ( ------4 1,018 4,163 15.93 54,192 22,336 78,361 550,588 126,000 348,060 467,000 31-12-201 美元 ) (USD) ( ------5 4,201 1,370 Index Fund 15.76 40,843 800,424 297,576 462,005 110,670 800,277 1,165,223 1,357,375 18,368,968 21,629,414 18,368,968 21,629,414 19,169,392 22,180,002 10,628,253 12,909,102 12,422,250 14,675,227 7,904,841 12,610,474 10,420,899 12,701,461 17,261,883 18,099,400 18,252,874 21,629,460 Hang Seng American 恒生美国指数基金 30-06-201 美元 ) (USD) (

attributable

assets

Net - liability

) Financial 值 )

续资产净 ( 持有人的 as at 30 June 2015 额 30 日不包括基金份额持有人的资产净值基金份 - 6 月年负债基金管理人欲强调公布的基金基金份额价格乃根据基金之基金说明书中所列明之原则计算。此计算原则与计算财务报告中《基金份额持有人的资产净值》及相关的《每基金份额资产净值》需按照的《香港财务报告准则》并不相同。因此，于本财务报告中所载之《基金份额持有人的资产净值》则有别于用作估值用途经调整后之资产净值。 The Manager would like to highlightunitholders as reported in the financial statements are therefore different from adjusted total net assets for valuation purposes at the reporting dates. that the principles for calculating the published unit price as set out in the Explanatory Memorandum of the Funds are different from that required for calculating the net assets attributable to unitholders and hence the corresponding net asset value per unit for financial reporting purposes under HKFRSs. The net assets attributable to 类基金份额 Class A Unit 类基金份额 Class A Unit 类基金份额 Class I Unit 类基金份额 Class I Unit Statement of Assets and Liabilities (continued) 2015 * * I 每基金份额资产净值 Net asset value per unit A 已发行基金份额总数目 Total number of units in issue A 权益总值 Total equity I 预提费用及其他应付款项 Accrued expenses and other payables 基金份额持有人的资产净值 Net assets attributable to unitholders 代表 Representing: 应付投资款项 Amounts payable on purchase of investments 银行透支 Bank overdraft 应付赎回基金份额款项 Amounts payable on redemption of units 应付基金份额持有人收益分配款项 Distributions payable to unitholders 应付税款 Taxation 递延税项负债 Deferred tax liabilities Total liabilities (excluding net assets attributable to unitholders) 资产 Assets 按公平价值列入收入或亏损的金融资产 Financial assets at fair value through profit or loss 负债总值 ( 金融 unitholders 资产总值 Total assets 负债 Liabilities 按公平价值列入收入或亏损的金融负债 Financial liabilities at fair value through profit or loss 保证金 Margin deposits 现金及现金等价物 Cash and cash equivalents 应收认购基金份额款项 Amounts receivable on subscription of units 预付款项 Prepayments 应收投资款项 Amounts receivable on sale of investments 应收收益分配款项 Distributions receivable 资产负债表其他应收款项 Other accounts receivable ------4 34.90 85,559 174,837 104,088 286,933 31-12-201 港元 ) (HKD) ( - - - - - 1,125,297 - - 5 39.85 347,248 480,391 Hang Seng Financial 30-06-201 Sector FlexiPower Fund 港元 ) (HKD) 恒生金融行业动力基金 ( - - - - - 1,883,712 - - - 3,692,323 2,997,592 - - 1,031,821 4 35.25 186,236 6,020,229 137,105 31-12-201 港元 ) (HKD) ( ------5 39.20 494,741 169,035 1,391,659 1,682,738 Hang Seng Property 30-06-201 Sector FlexiPower Fund 港元 ) (HKD) 恒生地产行业动力基金 ( ------4 13.36 982,054 184,958 131,779 31-12-201 港元 ) (HKD) ( 股精选基金 ------5 18.12 467,067 1,729,996 218,958 352,185 Hang Seng China B-Share Focus Fund 30-06-201 恒生中国 B 港元 ) (HKD) ( - - -- 6,277,964 5,333,259 - - - - 16,533,822 - 18,000,000 - 4 4,875 2,014,650 1,035,636 45.68 565,673 222,047 31-12-201 港元 ) (HKD) ( ------1,875,318 - 5 Equity Fund 52.89 88,407 849,323 Hang Seng China 恒生中国股票基金 30-06-201 港元 ) (HKD) ( - - - - - 9,482,106 9,495,589 12,264,544 9,838,660 1,347,374 1,349,288 2,183,265 2,186,604 - - -- 3,365,476 4 28.57 42,700 202,359 39 6,838,622 15,168,571 11,863,443 31,165,201 12,173,087 1,516,409 1,672,629 9,715,706 2,577,625 2,367,100 9,728,700 3,825,709 4,428,822 1,471,666 1,797,306 31-12-201 港元 ) (HKD) 策略基金 ( ------5 股指数 150 32.16 5,194,014 3,068,421 11,936,880 Leveraged 150 Fund 30-06-201 港元 ) (HKD) ( Hang Seng China H-Share Index 恒生中国 H ------28,408,185 - 29,938,939 - 57,351,255 4 19.17 803,750 784,741 31-12-201 港元 ) (HKD) ( 策略基金 ------5 22.56 114,442 9,124 835,802 212,733 119,588 29,588 24,534 - 23,917 5,916 39,863 9,863 Hang Seng Index 1,212,460 2,897,760 2,802,240 13,388,400 3,480,593 2,638,696 16,881,331 3,990,737 12,630,653 3,442,446 107,834,785 10,791,227 16,047,859 44,795,585 30,925,433 5,860,834 6,815,340 12,168,417 26,098,491 160,891,629 75,487,254 65,163,665 43,324,402 340,070,763 107,675,846 10,171,189 10,843,589 13,010,975 9,493,291 1,644,091 2,619,086 9,179,813 7,206,277 Leveraged 150 Fund 243,443,528 307,669,452243,443,528 1,440,820,669 307,669,452 883,627,728 1,440,820,669 309,977,474 883,627,728 311,292,619 309,977,474 113,759,415 311,292,619 71,243,423 113,759,415 54,556,428 71,243,423 59,315,420 54,556,428 147,139,487 59,315,420 104,618,748 147,139,487 104,618,748 256,074,181 311,111,898 1,548,655,454 890,466,350 325,146,045 323,156,062 144,924,616 83,416,510 56,072,837 60,988,049 156,855,193 107,196,373 30-06-201 恒生指数 150 港元 ) (HKD) (

attributable

assets

Net - liability

) Financial 值 )

续资产净 ( 类基金份额 Accumulation unit - Class A Unit 类基金份额 Accumulation unit - Class A Unit 持有人的 as at 30 June 2015 额 would like to highlight that the principles for calculating the published unit price as set out in the Explanatory Memorandum of the Funds are different from that required for calculating the net assets attributable to unitholders and hence the corresponding net asset value per unit for financial reporting purposes under HKFRSs. The net assets attributable to 30 日不包括基金份额持有人的资产净值基金份 - 6 月 Manager 年负债 The 基金管理人欲强调公布的基金基金份额价格乃根据基金之基金说明书中所列明之原则计算。此计算原则与计算财务报告中《基金份额持有人的资产净值》及相关的《每基金份额资产净值》需按照的《香港财务报告准则》并不相同。因此，于本财务报告中所载之《基金份额持有人的资产净值》则有别于用作估值用途经调整后之资产净值。 unitholders as reported in the financial statements are therefore different from adjusted total net assets for valuation purposes at the reporting dates. 类基金份额 Class A1 Unit 类基金份额 Class A1 Unit 类基金份额 Class A Unit 类基金份额 Class A Unit Statement of Assets and Liabilities (continued) 2015 Total liabilities (excluding net assets attributable to unitholders) 负债总值 ( * * 累积收益基金份额 - A 每基金份额资产净值 Net asset value per unit A A1 累积收益基金份额 - A 预提费用及其他应付款项 Accrued expenses and other payables A1 其他应收款项 Other accounts receivable 保证金 Margin deposits 应付赎回基金份额款项 Amounts payable on redemption of units 递延税项负债 Deferred tax liabilities 基金份额持有人的资产净值 Net assets attributable to unitholders 代表 Representing: 已发行基金份额总数目 Total number of units in issue A 权益总值 Total equity 资产 Assets 按公平价值列入收入或亏损的金融资产 Financial assets at fair value through profit or loss预付款项 Prepayments 171,739,160 238,092,900 1,000,461,500 685,222,578 310,941,152 310,185,520 113,203,082 72,193,223金融 unitholders 53,910,088 58,363,047 145,404,557 98,594,540 应收收益分配款项 Distributions receivable 应收认购基金份额款项 Amounts receivable on subscription of units 应收投资款项 Amounts receivable on sale of investments 现金及现金等价物 Cash and cash equivalents 资产总值 Total assets 负债 Liabilities 按公平价值列入收入或亏损的金融负债 Financial liabilities at fair value through profit or loss 7,937,600 资产负债表银行透支 Bank overdraft 应付投资款项 Amounts payable on purchase of investments 应付基金份额持有人收益分配款项 Distributions payable to unitholders 应付税款 Taxation ------4 2,560 13,172 13,172 26,534 13.6860 31-12-201 港元 ) (HKD) ( ------5 7,677 25,102 29,855 138,000 13.7070 27,387,109 19,437,817 Hang Seng Hong Kong 30-06-201 港元 ) (HKD) Dollar Money Market Fund 恒生港元货币市场基金 ( ------4 6 10.85 70,323 2,187,959 36,953 33,048 140,324 2,213,061 136,431 663,206 22,706,379 15,411,723 31-12-201 美元 ) (USD) ( ------5 2,395 10.89 2,240 36,287 77,758 39,076 82,232 Sector Bond Fund 30-06-201 美元 ) (USD) ( Hang Seng Global Financial 恒生环球金融行业债券基金 ------4 11.07 1,184 28,792 242,639 271,431 144,987 316,250 1,049,688 31-12-201 美元 ) (USD) ( ------5 500 11.16 4,784 39,573 85,766 243,067 282,640 企业债券基金 9,968,368 9,867,744 11,058,556 11,273,110 恒生内地及香港 30-06-201 Hang Seng Mainland and 美元 ) (USD) ( Hong Kong Corporate Bond Fund - 9,685,728 9,596,313 10,980,798 11,132,786 25,174,048 19,424,645 ------4 28.11 22.91 38,136 31-12-201 港元 ) (HKD) ( ------5 28.52 22.89 847,675 2,343,161 158,137 China Bond Fund Hang Seng Mainland 30-06-201 港元 ) (HKD) 恒生中国内地债券基金 ( - - 2,849,373 3,664,717 - 7,327,087 5,117,033 - - - - - 4 9,864 20.87 20.43 16.13 126,359 4,173,254 4,676,166 679,843 275,232 1,134,741 1,180,695 272,046 701,994 12,646,225 14,170,201 40 2,263,718 8,233,245 9,060,998 9,632,269 13,797,551 16,234,625 4,318,583 4,436,671 31-12-201 港元 ) (HKD) ( - - - - 10,250,944 ------5 Bond Fund 21.33 20.89 16.31 75,995 39,863 244,462 975,088 20,652,916 10,349,683 96,015,651 1,647,268 580,883 422,195 4,367,611 4,688,068 11,332,378 16,332,130 16,981,772 2,577,701 5,199,569 恒生香港债券基金 Hang Seng Hong Kong 30-06-201 港元 ) (HKD) ( - 248,772,814 213,807,423 682,987,096 781,089,649 ------10,987,071 - - 4 8,909 15.96 48,412 35,830 292,992 131,072 31-12-201 港元 ) (HKD) ( ------3,992,411 ------868,097 866,569 1,007,980 1,026,481 1,836,581 1,419,312 5 16.87 53,794 384,410 161,957 8,243,613 8,204,329 7,859,203 7,731,853 9,468,055 7,667,427 6,957,737 8,917,441 Hang Seng Consumer 117,404,564 142,340,908 117,404,564 142,340,908 248,772,814 213,807,423 682,987,096 781,089,649 9,685,728 9,596,313 10,980,798 11,132,786 25,174,048 19,424,645 125,648,177 150,545,237 253,460,882 225,139,801 699,319,226 798,071,421 30-06-201 Sector FlexiPower Fund 港元 ) (HKD) 恒生消费行业动力基金 ( ) )

续 ( 类基金份额 Accumulation unit - Class A Unit 类基金份额 Accumulation unit - Class A Unit 类基金份额 Accumulation unit - Class Z Unit 类基金份额 Accumulation unit - Class Z Unit 类基金份额 Income unit - Class A Unit 类基金份额 Income unit - Class A Unit as at 30 June 2015 30 日不包括基金份额持有人的资产净值基金份额持有人的资产净值 Financial liability-Net assets attributable to 6 月年 The Manager would like to highlightunitholders as reported in the financial statements are therefore different from adjusted total net assets for valuation purposes at the reporting dates. that the principles for calculating the published unit price as set out in the Explanatory Memorandum of the Funds are different from that required for calculating the net assets attributable to unitholders and hence the corresponding net asset value per unit for financial reporting purposes under HKFRSs. The net assets attributable to 基金管理人欲强调公布的基金基金份额价格乃根据基金之基金说明书中所列明之原则计算。此计算原则与计算财务报告中《基金份额持有人的资产净值》及相关的《每基金份额资产净值》需按照的《香港财务报告准则》并不相同。因此，于本财务报告中所载之《基金份额持有人的资产净值》则有别于用作估值用途经调整后之资产净值。类基金份额 Class A1 Unit 类基金份额 Class A1 Unit 类基金份额 Class A Unit 类基金份额 Class A Unit

Statement of Assets and Liabilities (continued) 2015 * * 权益总值 Total equity 已发行基金份额总数目 Total number of units in issue 代表 Representing: 应付基金份额持有人收益分配款项 Distributions payable to unitholders 预提费用及其他应付款项 Accrued expenses and other payables 基金份额持有人的资产净值 Net assets attributable to unitholders 累积收益基金份额 - Z 递延税项负债 Deferred tax liabilities 应付赎回基金份额款项 Amounts payable on redemption of units 累积收益基金份额 - A 银行透支 Bank overdraft 应付投资款项 Amounts payable on purchase of investments 应付税款 Taxation 派息基金份额 - A 保证金 Margin deposits 现金及现金等价物 Cash and cash equivalents 资产总值 Total assets 负债 Liabilities 按公平价值列入收入或亏损的金融负债 Financial liabilities at fair value through profit or loss 每基金份额资产净值 Net asset value per unit A 其他应收款项 Other accounts receivable A1 累积收益基金份额 - Z 应收投资款项 Amounts receivable on sale of investments 累积收益基金份额 - A 应收认购基金份额款项 Amounts receivable on subscription of units 应收收益分配款项 Distributions receivable 派息基金份额 - A Total liabilities (excluding net assets attributable to unitholders) 资产 Assets 按公平价值列入收入或亏损的金融资产 Financial assets at fair value through profit or loss预付款项 Prepayments 115,964,371 138,840,660 244,668,661 193,458,049 680,578,161 692,956,636负债总值 ( 8,230,050 9,405,323金融负债 - 9,924,396A 10,473,467 4,505,198 3,997,000 资产负债表 A1 收益分配表 Distribution Disclosure 由2015年1月1日至2015年6月30日期间与2014年同期之比较 For the period from 1 January 2015 to 30 June 2015 and the comparison with the same period in 2014

基金每基金份额收益分配收益分配总额 Fund 现金收益厘定日期 Date of Cash Dividend Determination 分配日期 Date of Payment Distribution per Unit Total Distirbution

恒生环球债券基金 2015年06月30日 30 Jun 2015 2015年07月06日 06 Jul 2015 USD 0.15 USD 4,358 Hang Seng Global Bond Fund 2014年06月30日 30 Jun 2014 2014年07月04日 04 Jul 2014 USD 0.15 USD 74,455

恒生环球高收益债券基金 2015年06月30日 30 Jun 2015 2015年07月06日 06 Jul 2015 USD 0.05 USD 187,129 Hang Seng Global High Yield Bond Fund 2015年05月29日 29 May 2015 2015年06月03日 03 Jun 2015 USD 0.05 USD 190,951 2015年04月30日 30 Apr 2015 2015年05月06日 06 May 2015 USD 0.05 USD 187,311 2015年03月31日 31 Mar 2015 2015年04月08日 08 Apr 2015 USD 0.05 USD 192,239 2015年02月27日 27 Feb 2015 2015年03月04日 04 Mar 2015 USD 0.05 USD 194,202 2015年01月30日 30 Jan 2015 2015年02月04日 04 Feb 2015 USD 0.05 USD 197,665 2014年06月30日 30 Jun 2014 2014年07月04日 04 Jul 2014 USD 0.05 USD 234,815 2014年05月30日 30 May 2014 2014年06月05日 05 Jun 2014 USD 0.05 USD 237,677 2014年04月30日 30 Apr 2014 2014年05月07日 07 May 2014 USD 0.05 USD 232,895 2014年03月31日 31 Mar 2014 2014年04月03日 03 Apr 2014 USD 0.05 USD 235,857 2014年02月28日 28 Feb 2014 2014年03月05日 05 Mar 2014 USD 0.05 USD 242,784 2014年01月30日 30 Jan 2014 2014年02月06日 06 Feb 2014 USD 0.05 USD 242,170

恒生香港债券基金 2015年06月30日 30 Jun 2015 2015年07月06日 06 Jul 2015 HKD 0.18 HKD 75,995 Hang Seng Hong Kong Bond Fund 2014年06月30日 30 Jun 2014 2014年07月04日 04 Jul 2014 HKD 0.18 HKD 161,240

恒生中国内地债券基金 2015年06月30日 30 Jun 2015 2015年07月06日 06 Jul 2015 HKD 0.33 HKD 4,173,254 Hang Seng Mainland China Bond Fund 2014年06月30日 30 Jun 2014 2014年07月04日 04 Jul 2014 HKD 0.33 HKD 5,135,620

恒生内地及香港企业债券基金 2015年06月30日 30 Jun 2015 2015年07月06日 06 Jul 2015 USD 0.28 USD 243,067 Hang Seng Mainland and Hong Kong Corporate Bond Fund 2014年06月30日 30 Jun 2014 2014年07月04日 04 Jul 2014 USD 0.28 USD 243,355

恒生环球金融行业债券基金 2015年06月30日 30 Jun 2015 2015年07月06日 06 Jul 2015 USD 0.036 USD 36,287 Hang Seng Global Financial Sector Bond Fund 2015年05月29日 29 May 2015 2015年06月03日 03 Jun 2015 USD 0.036 USD 35,489 2015年04月30日 30 Apr 2015 2015年05月06日 06 May 2015 USD 0.036 USD 39,756 2015年03月31日 31 Mar 2015 2015年04月08日 08 Apr 2015 USD 0.036 USD 38,921 2015年02月27日 27 Feb 2015 2015年03月04日 04 Mar 2015 USD 0.036 USD 35,936 2015年01月30日 30 Jan 2015 2015年02月04日 04 Feb 2015 USD 0.036 USD 35,184 2014年06月30日 30 Jun 2014 2014年07月04日 04 Jul 2014 USD 0.036 USD 38,277 2014年05月30日 30 May 2014 2014年06月05日 05 Jun 2014 USD 0.036 USD 36,925 2014年04月30日 30 Apr 2014 2014年05月07日 07 May 2014 USD 0.036 USD 27,313 2014年03月31日 31 Mar 2014 2014年04月03日 03 Apr 2014 USD 0.036 USD 23,883 2014年02月28日 28 Feb 2014 2014年03月05日 05 Mar 2014 USD 0.036 USD 23,409 2014年01月30日 30 Jan 2014 2014年02月06日 06 Feb 2014 USD 0.036 USD 19,683

41 指数基金与其相关指数的业绩 Performance of Index Funds and Underlying Indexes 由2015年1月1日至2015年6月30日期间与2014年同期之比较 For the period from 1 January 2015 to 30 June 2015 and the comparison with the same period in 2014

以港元计算的业绩以美元计算的业绩 Performance in HK Dollar Performance in US Dollar

由2015年1月1日至由2014年1月1日至由2015年1月1日至由2014年1月1日至 2015年6月30日期间 2014年6月30日期间 2015年6月30日期间 2014年6月30日期间

For the period from For the period from For the period from For the period from 1 January 2015 1 January 2014 1 January 2015 1 January 2014 基金/指数 Fund/Index to 30 June 2015 to 30 June 2014 基金/指数 Fund/Index to 30 June 2015 to 30 June 2014

恒生指数基金 - A类基金份额(1) Hang Seng Index Fund - Class A Unit(1) 12.69% 1.29% 恒生美国指数基金 - A类基金份额(2) Hang Seng American Index Fund - Class A Unit(2) -1.13% 6.58% 恒生指数# Hang Seng Index# 13.53% 1.89% 标准普尔500指数* Standard & Poor's 500 Index* -0.08% 7.60%

恒生中型股指数基金 - 累积收益基金份额 - A类基金份额(1) 恒生英国指数基金 - A类基金份额(2) Hang Seng UK Index Fund - Class A Unit(2) 2.88% 3.64% Hang Seng MidCap Index Fund - Accumulation Unit - Class A Unit(1) 15.52% -6.49% 富时100指数* FTSE 100 Index* 2.30% 5.19% 恒生综合中型股指数# Hang Seng Composite MidCap Index# 17.10% -5.59% 恒生欧洲大陆指数基金 - A类基金份额(2) Hang Seng Continental European Index Fund - Class A Un 5.20% 4.55% 恒生中国指数基金 - 累积收益基金份额 - A类基金份额(1) 富时发达欧洲(除英国)指数* FTSE Developed Europe ex UK Index* 5.31% 6.37% Hang Seng China Index Fund - Accumulation Unit - Class A Unit(1) 12.32% -0.93% 富时中国50指数*^ FTSE China 50 Index*^ 13.42% -0.05% 恒生日本指数基金 - A类基金份额(2) Hang Seng Japan Index Fund - Class A Unit(2) 13.72% -0.11% 富时日本指数* FTSE Japan Index* 14.11% 1.17% 恒生中国H股指数基金 - 累积收益基金份额 - A类基金份额(1) Hang Seng China H-Share Index Fund - Accumulation Unit - Class A Unit(1) 9.92% -2.80% 恒生太平洋指数基金 - A类基金份额(2) Hang Seng Pacific Index Fund - Class A Unit(2) -0.04% 6.32% 恒生中国企业指数# Hang Seng China Enterprises Index# 10.75% -2.16% 富时世界亚太区(除日本)指数* FTSE World Asia Pacific ex Japan Index* 0.57% 7.21%

恒生神州50指数基金 - A类基金份额(2) Hang Seng China 50 Index Fund - Class A Unit(2) 12.18% -1.08% 恒生台湾指数基金 - A类基金份额(2) Hang Seng Taiwan Index Fund - Class A Unit(2) 5.16% 10.04% 恒生神州50指数# Hang Seng China 50 Index# 14.17% 0.41% 富时台湾证券交易所台湾50指数* FTSE TWSE Taiwan 50 Index* 6.36% 12.42%

恒生可持续发展企业指数基金 - A类基金份额(2) Hang Seng Corporate Sustainability Index Fund - Class A Unit(2) 15.80% 4.59% 恒生可持续发展企业指数# Hang Seng Corporate Sustainability Index# 17.90% 6.65%

(1) 以基础货币（份额价对份额价），（任何存在的）股息再投资的总回报计算业绩。本基金现时只备有派息基金份额。现时基金管理人拟每年宣布派息。 (1) Performance is calculated in base currency with unit price to unit price, total return with dividend (if any) reinvested. The Fund Units currently available are income units only and the Manager currently intends to make declaration of distribution on an annual basis.

(2) 以基础货币（份额价对份额价）计算业绩。由基金成立至2015年6月30日期间，基金并没有分配股息。 (2) Performance is calculated in base currency with unit price to unit price. For the period from the fund's launch date to 30 June 2015, the fund has no dividend record.

* 以股息再投资的总回报计算业绩。 * Total return with dividend reinvested.

# 以股息再投资的总回报计算业绩，总回报为扣除预扣税后的净值。 # Total return with dividend reinvested, net of PRC withholding tax.

^ 富时中国25指数，于2014年9月22日前。 ^ Known as FTSE China 25 Index before 22 September 2014.

数据源：汇丰机构信托服务(亚洲)有限公司、恒生指数有限公司、彭博信息及FTSE。 Source: HSBC Institutional Trustee Services (Asia) Limited, Hang Seng Indexes Company Limited, Bloomberg and FTSE.

投资者须注意，所有投资均涉及风险(包括可能会损失投资本金)，基金基金份额价格可涨可跌，过往表现并不可作为日后业绩的指引。投资者在作出任何投资决定前，应详细阅读有关基金的销售文件(包括其中记录的风险因素的全文)。 Investors should note that all investment involves risks (including the possibility of loss of the capital invested), prices of fund units may go up as well as down and past performance is not indicative of future performance. Investors should read the relevant fund’s offering documents (including the full text of the risk factors stated therein) in detail before making any investment decision.

42 指数成份股披露 Index Constituent Stock Disclosure 2015年6月30日 as at 30 June 2015

下列为占基金相关指数所占比重多于百分之十的成份股。 Those constituent stocks that accounted for more than 10% of the weighting of the underlying indexes of the funds are listed below.

2015年6月30日 2014年6月30日 As at 30 June 2015 As at 30 June 2014 基金指数成份股占指数比重基金指数成份股占指数比重 Fund Index Constituent stock Weighting of the Index Fund Index Constituent stock Weighting of the Index

恒生指数基金恒生指数汇丰控股恒生指数基金恒生指数汇丰控股 Hang Seng Index Fund Hang Seng Index HSBC Holdings 10.98% Hang Seng Index Fund Hang Seng Index HSBC Holdings 14.53%

恒生中国H股指数基金恒生中国企业指数中国银行恒生中国H股指数基金恒生中国企业指数中国建设银行 Hang Seng China H-Share Index FundHang Seng China Bank of China 10.52% Hang Seng China H-Share Index FundHang Seng China China Construction Bank 10.14% Enterprises Index Enterprises Index

恒生可持续发展企业指数基金恒生可持续发展企业指数腾讯控股恒生中国指数基金富时中国50指數^ 腾讯控股 Hang Seng Corporate Sustainability Hang Seng Corporate Tencent Holdings 10.27% Hang Seng China Index FundFTSE China 50 Index^ Tencent Holdings 10.32% Index Fund Sustainability Index 中国移动 China Mobile 10.08% 恒生可持续发展企业指数基金恒生可持续发展企业指数腾讯控股 Hang Seng Corporate SustainabilityHang Seng Corporate Tencent Holdings 10.60% Index Fund Sustainability Index 恒生台湾指数基金富时台湾证券交易所台湾50指数台积电中国建设银行 Hang Seng Taiwan Index Fund FTSE TWSE Taiwan 50 Index Taiwan Semiconductor Manufacturing 24.06% China Construction Bank 10.16%

下列基金的相关指数，于2015年6月30日没有任何指数成份股占该指数比重多于百分之十。恒生台湾指数基金富时台湾证券交易所台湾50指数台积电 The underlying indexes of the following funds as at 30 June 2015 have no index constituent stock that accounted for more than 10% of their respective weighting. Hang Seng Taiwan Index Fund FTSE TWSE Taiwan 50 Index Taiwan Semiconductor Manufacturing 22.74%

下列基金的相关指数，于2014年6月30日没有任何指数成份股占该指数比重多于百分之十。基金指数 The underlying indexes of the following funds as at 30 June 2014 have no index constituent stock that accounted for more than 10% of their respective weighting. Fund Index 恒生中型股指数基金 Hang Seng MidCap Index Fund 恒生综合中型股指数 Hang Seng Composite MidCap Index 恒生神州50指数基金 Hang Seng China 50 Index Fund 恒生神州50指数 Hang Seng China 50 Index 恒生中国指数基金 Hang Seng China Index Fund 富时中国50指數^ FTSE China 50 Index^ 基金指数恒生美国指数基金 Hang Seng American Index Fund 标准普尔500指数 S&P 500 Index Fund Index 恒生英国指数基金 Hang Seng UK Index Fund 富时100指数 FTSE 100 Index 恒生中型股指数基金 Hang Seng MidCap Index Fund 恒生综合中型股指数 Hang Seng Composite MidCap Index 恒生欧洲大陆指数基金 Hang Seng Continental European Index Fund 富时发达欧洲(除英国)指数 FTSE Developed Europe ex UK Index 恒生神州50指数基金 Hang Seng China 50 Index Fund 恒生神州50指数 Hang Seng China 50 Index 恒生日本指数基金 Hang Seng Japan Index Fund 富时日本指数 FTSE Japan Index 恒生美国指数基金 Hang Seng American Index Fund 标准普尔500指数 S&P 500 Index 恒生太平洋指数基金 Hang Seng Pacific Index Fund 富时世界亚太区(除日本)指数 FTSE World Asia Pacific ex Japan Index 恒生英国指数基金 Hang Seng UK Index Fund 富时100指数 FTSE 100 Index 恒生欧洲大陆指数基金 Hang Seng Continental European Index Fund 富时发达欧洲(除英国)指数 FTSE Developed Europe ex UK Index 恒生日本指数基金 Hang Seng Japan Index Fund 富时日本指数 FTSE Japan Index 恒生太平洋指数基金 Hang Seng Pacific Index Fund 富时世界亚太区(除日本)指数 FTSE World Asia Pacific ex Japan Index

^于2014年9月22日前称富时中国25指数。 ^Known as FTSE China 25 Index before 22 September 2014. 43 管理及行政 Management and Administration

基金管理人 Manager 恒生投资管理有限公司 Hang Seng Investment Management Limited 香港中环德辅道中83 号 83 Des Voeux Road Central Hong Kong

受托人及基金登记机构 Trustee and registrar 汇丰机构信托服务(亚洲)有限公司 HSBC Institutional Trust Services (Asia) Limited 香港皇后大道中1号 1 Queen's Road Central Hong Kong

审计师 Auditors 毕马威会计师事务所 KPMG th 香港中环遮打道10号太子大厦8楼 8 Floor Prince's Building 10 Chater Road Central Hong Kong

法律顾问 Legal advisers to the Manager 的近律师行 Deacons 香港中环遮打道18号历山大厦5楼 5th Floor Alexandra House 18 Chater Road Central Hong Kong

总办事处 Principal office 汇丰机构信托服务(亚洲)有限公司 HSBC Institutional Trust Services (Asia) Limited 香港皇后大道中1号 1 Queen's Road Central Hong Kong