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HSBC Global Investment Funds - Hong Kong Equity BM-BE HSBC Global Investment Funds - Hong Kong Equity Share Class PD 31 Jul 2021 PD LU0011817854 31/07/2021 Fund Objective and Strategy Investment Objective The Fund aims to provide long term capital growth by investing in a portfolio of Hong Kong SAR shares. Investment Policy In normal market conditions, the Fund will invest at least 90% of its assets in shares (or securities similar to shares) of companies of any size that are based in, or carry out the larger part of their business activities in, Hong Kong SAR.The Fund can invest up to 20% in China A and China B-shares. For China A-shares, up to 20% through the Shanghai-Hong Kong Stock Connect and/or the Shenzhen-Hong Kong Stock Connect, and up to 10% in CAAPs.The Fund may invest up to 10% in other funds, including HSBC funds.The Fund will not invest more than 10% in Real Estate Investment Trusts.See the Prospectus for a full description of the investment objectives and derivative usage. Share Class Details UCITS V Compliant Yes Performance (%) YTD 1M 3M 1Y 3Y¹ 5Y¹ Distribution Type Distributing PD -8.41 -9.67 -8.07 6.15 4.75 8.41 Distribution Frequency Annually Reference Dividend ex-date 08 Jul 2021 -5.59 -10.58 -10.06 9.13 3.25 9.08 Benchmark Dividend Yield 2 0.26% Last Paid Dividend 0.3857 Rolling Dealing Frequency Daily 31 Jul 2020-31 31 Jul 2019- 31 Jul 2018- 31 Jul 2017- 31 Jul 2016- Performance Valuation Time 17:00 Luxembourg Jul 2021 31 Jul 2020 31 Jul 2019 31 Jul 2018 31 Jul 2017 (%) Min. Initial Investment USD 50,000 PD 6.15 13.44 -4.56 2.62 26.96 Ongoing Charge Figure 3 1.347% Reference 9.13 1.56 -0.69 7.39 30.68 Benchmark Management Fee 1.00% Share Class Base USD 3-Year Risk Reference Reference Currency PD Characteristics Fund Measures Benchmark Benchmark Domicile Luxembourg Number of Holdings ISIN LU0011817854 Volatility 18.80% 18.41% 57 328 ex Cash Share Class Inception 16 Jan 1987 Information Date 0.31 - Avg Market Ratio 148,130 142,972 NAV per Share USD 147.28 Cap (USD mil) Fund Size USD 108,074,958 Beta 0.99 - Bloomberg Ticker HSBHKEI LX Reference FTSE MPF Hong Kong Past performance is not an indicator of future returns. The figures are calculated in the Benchmark Net share class base currency, dividend reinvested, net of fees. Manager Caroline Yu Maurer Source: HSBC Global Asset Management, data as at 31 July 2021 1Result is annualised when calculation period is Risk Disclosure over one year. 2 • The Fund's unit value can go up as well as down, and any capital invested in the Fund may Dividend Yield: represents the ratio of be at risk. distributed income over the last 12 months to • The value of investible securities can change over time due to a wide variety of factors, the fund’s current Net Asset Value. including but not limited to: political and economic news, government policy, changes in 3Ongoing Charges Figure, is based on demographics, cultures and populations, natural or human-caused disasters etc. expenses over a year. The figure includes • The Fund may be concentrated in a limited number of securities, economic sectors and/or annual management charge but not the countries and as a result, may be more volatile and have a greater risk of loss than more transaction costs. Such figures may vary from broadly diversified funds. time to time. • Derivatives may be used by the Fund, and these can behave unexpectedly. The pricing and volatility of many derivatives may diverge from strictly reflecting the pricing or volatility of their underlying reference(s), instrument or asset. • Investment Leverage occurs when the economic exposure is greater than the amount invested, such as when derivatives are used. A Fund that employs leverage may experience greater gains and/or losses due to the amplification effect from a movement in the price of the reference source. • Further information on the Fund's potential risks can be found in the Key Investor Information Document and Prospectus. Monthly Performance Commentary Stock selection was positive for the month. Positive performance came from Real Estate and Technology, though this was offset by negative stock selection in Telecommunications and Energy. Financials security, Hong Kong Exchanges and Clearing with total effect 0.37% is the top contributor. Additionally, Consumer Discretionary security, New Oriental Education was the second largest contributor with total effect 0.29%. Real Estate security, Link REIT also contributed with total effect 0.17%. On the other side, detractors include Financials security HSBC with total effect -0.28%, Real Estate holding Country Garden Services with total effect -0.14%, and Consumer Discretionary holding Geely Automobile with total effect -0.10%. During this period, no positions were initiated. Positions were closed in Shenzhen Mindray Bio-Medical Electronics, Jiangsu Hengrui Medicine and Baidu. Sector allocation effects are residual to stock selection. At the sector level, effects were negative, given an underweight exposure to Utilities Sector Allocation (%) 24.41 Financials 27.70 23.73 Consumer Discretionary 22.63 13.95 Technology 15.54 12.29 Real Estate 8.34 6.00 Health Care 5.94 3.46 Consumer Staples 3.82 2.38 Utilities 4.00 2.07 Industrials 5.42 1.52 Energy 2.41 1.34 Telecommunications 2.52 0.21 Basic Materials 1.68 8.65 Cash & Others 0.00 PD Reference Benchmark Top 10 Holdings (%) Sector Weight (%) Alibaba Group Holding Ltd Consumer Discretionary 8.23 Tencent Holdings Ltd Technology 8.01 AIA Group Ltd Financials 5.89 Hong Kong Exchanges & Clear Financials 5.74 China Construction Bank-H Financials 3.71 Meituan Technology 3.48 Sun Hung Kai Properties Ltd Real Estate 2.96 Link REIT Real Estate 2.88 Wuxi Biologics Cayman Inc Health Care 2.57 China Merchants Bank-H Financials 2.40 Source: HSBC Global Asset Management, data as at 31 July 2021 Index Disclaimer FTSE International Limited ("FTSE") © FTSE 2021. "FTSE®" is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and / or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE's express written consent. Important Information HSBC Global Asset Management (Bermuda) Limited (“AMBM”) of 37 Front Street, Hamilton, Bermuda, is a wholly owned subsidiary of HSBC Bank Bermuda Limited (the “Bank”). AMBM and the Bank are licensed to conduct investment business by the Bermuda Monetary Authority. Funds managed by AMBM are offered by Prospectus only in those jurisdictions where they are permitted by law. Persons are required to inform themselves and observe any relevant restrictions. AMBM makes no representation as to the suitability of the funds for investors. Investors should be aware that performance returns are affected by market fluctuations. Investing entails risks, including possible loss of principal. Past performance is no guarantee of future performance. Investors should note that the use of derivatives and investments involving a currency other than their own will create foreign exchange exposure, which involves special risks. It is the aim of the Company to preserve capital and, where applicable, to maintain a stable net asset value per share; these aims are not guaranteed. Additionally, investors should consider their investment objectives, whether or not they can assume these risks and should undertake their own appropriate professional advice. Expressions of opinion contained herein are subject to change without notice. For investors investing via a nominee service provider, the nominee service provider will process the transaction and route all settlement proceeds to you, which may extend the settlement period. Please contact your investment advisor/introducing agent, or in the absence of those the nominee provider directly, to confirm the settlement period. Issued by HSBC Global Asset Management (Bermuda) Limited Licensed to conduct investment business by the Bermuda Monetary Authority © Copyright HSBC Global Asset Management (Bermuda) Limited 2021. All Rights Reserved. Further information can be found in the prospectus. Weight (%) Terms of Glossary Accumulation Share: a type of share where the income earned by the Fund is retained in the Fund ACD: HSBC Global Asset Management (UK) Limited, the Authorised Corporate Director of the Company Actively Managed: where the fund manager uses their expertise to pick investments to achieve the fund’s objectives Beta: an historical measure of volatility to measure how a fund moves versus its benchmark (i.e. an Index) Collective Investment Scheme: a fund that more than one person contributes to with the aim of increasing the value of their investments or receiving income from a pooled investment. A fund manager will invest the pooled money into one or more types of asset, such as stocks, bonds or property Developed Markets: countries with relatively high levels of personal income and established economies Emerging Markets (EM): countries that are progressing toward becoming advanced, usually shown by some development in financial markets, the existence of some form of stock exchange and a regulatory body Equities: shares issued by a company Futures: a financial contract obligating the buyer to purchase an asset (or the seller to sell an asset), such as a physical commodity or a financial instrument, at a predetermined future date and price Growth: the increase in the value of investments Hedge Funds: an investment fund that pools money from investors and invests in a variety of assets, often with complex investment strategies and risk management techniques Hedge or Hedging: using derivative type investments as a way to reduce risk Income: money generated by a fund, such as interest from a bond or a dividend from a share, which can be paid out to its investors or paid back into the fund and reinvested Income Share: the type of Share where the income earned by the Fund is paid out to you Information Ratio: a measure of the risk-adjusted return of a fund against its benchmark Market Capitalisation: the total dollar market value of a company’s outstanding shares.
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