環球策略基金香港基金月報天達環球策略股票基金地區分佈 (%) 行業分析 (%) 北美洲歐洲 ( 不包括英國 ) 新興市場日本英國遠東 ( 不包括日本 ) 中東現金金融資訊科技健康護理工業非必需性消費品通訊服務必需性消費品原材

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1 環球策略基金香港基金月報天達環球策略股票基金 'A' 股, 美元截至 2018 年 10 月底重要資訊本基金主要投資於全球相信可提供高於平均資本回報機會的公司股票股票投資可能會較波動及須承受高虧損風險相對已發展市場, 投資於新興市場的波動較大, 流動性亦較低, 並須承受因不穩定的社會政治及經濟環境而帶來的額外風險本基金可因應對沖及 / 或有效投資組合管理的目的使用衍生工具, 但將不會廣泛地作投資用途當衍生工具的使用未能有效地達到其目的, 本基金可能須承受巨額損失的風險參考貨幣對沖股份類別及投資組合貨幣對沖股份類別 ( PCHSC ) 可能會涉及因息率及匯率走勢不明朗所引致的風險在不利的情況下, 本基金或會蒙受巨額虧損, 亦有可能損失閣下原投資額投資者不應僅依賴本文件而作出投資決定投資目標及策略本基金旨在主要透過在全球投資於相信可提供高於平均的資本回報機會的公司股票, 以達致長期資本增值本基金現時的投資策略是以天達四大動力框架, 搜尋高質素估值吸引營運表現持續改善, 以及漸受投資者注目的公司表現 (%) 1 成立日期 6 個月 1 年基金 - A 累積股美元比較指數年度化年 2 5 年 2 成立至今年初至今基金 - A 累積股美元比較指數評級 1 晨星 : ««««主要資料基金經理 : Mark Breedon 基金規模 : 1.7 十億美元基金成立日期 : 註冊地 : 盧森堡行業 : 晨星環球大型均衡型股票比較指數 : MSCI AC World NR (MSCI World NR pre 01/01/2011) 參考貨幣 : 美元定價 : 16:00 紐約時間 ( 以預計方式定價 ) 'A' 股份收費首次認購費 : 5.00% 管理年費 : 1.50% ISIN 代碼 A 累積澳元對沖 ( 參考 ) A 累積港元 A 累積美元 A 收益美元 LU LU LU LU 表現風險統計數據 (A 累積股美元, 年度化 ) 3 年 5 年資訊比率夏普比率波幅彭博代碼 A 累積澳元對沖 ( 參考 ) A 累積港元 A 累積美元 A 收益美元 INGSAAU INGSAAH GUIPRAA GUIGPRI 基金 - A 累積股美元最新派息股份類別紀錄日派息次數每股派息年度化派息率 (%) A 收益美元每年 - -

2 環球策略基金香港基金月報天達環球策略股票基金地區分佈 (%) 行業分析 (%) 北美洲歐洲 ( 不包括英國 ) 新興市場日本英國遠東 ( 不包括日本 ) 中東現金金融資訊科技健康護理工業非必需性消費品通訊服務必需性消費品原材料能源公用事業其他現金主要持股 (%) Citigroup Inc 2.6 Amazon.com Inc 2.6 UnitedHealth Group Inc 2.4 Alphabet Inc 2.3 PayPal Holdings Inc 2.2 Asahi Group Holdings Ltd 2.1 Teleperformance 2.0 Merck & Co Inc 2.0 Unilever Plc 2.0 Shire Plc 1.9 總數 22.1 持股數量 : 78 比較指數可能變更, 因此綜合比較指數的表現可能由更改前採用的比較指數及更改後現有的比較指數所組成 1 資料來源 : 2018 晨星有限公司版權所有資料截至 , 以資產淨值並按總收益以基礎貨幣作再投資計算晨星評級根據 A 累積股美元股份此等評級並不保證基金的投資或基金價格不會波動其他沒有註明之資料則由天達資產管理有限公司提供 4 該股份類別旨在按照所述的派息次數派息年度化派息率計算方法 :( 每股派息紀錄日之資產淨值 )x 派息次數 x 100% 警告 : 請注意, 正年度化派息率並不代表正回報派息並不獲保證董事局可修改派息政策 ( 包括對由資本支付的派息金額的任何修改 ), 但須經證券及期貨事務監察委員會 ( 證監會 ) 事先批准, 並向股東發出不少於一個月的事先通知過往業績數據並不表示在將來亦會有類似業績投資帶有風險, 投資者應參閱天達基金銷售文件以了解包括風險因素在內之詳情於香港, 此文件及公司網站並未經證券及期貨事務監察委員會 ( 證監會 ) 審核, 可能包含不可向香港公眾銷售的非證監會認可基金資料發行人 : 天達資產管理香港有限公司聯絡我們香港天達資產管理電話 : *: investec.hk@investecmail.com

4 60% GSFA 40% 20% 29.8% 10.4% 19.8% 28.0% 5.8% 3.2% 29.1% 0% -20% -9.4% -2.0% -40% -60% -48.7%

7 GSF HK FACTSHEET Investec Global Strategic Equity Fund 'A' Shares, USD As at end October 2018 Important information The Fund invests primarily in shares of companies around the world that are believed to offer above average opportunities for capital gains. Equity investments could be volatile and subject to high risk of loss. The Fund invests in emerging markets which can be more volatile and less liquid than developed markets and subject to additional risk arising from unstable social, political & economic environment. The Fund may use derivatives for hedging and/or efficient portfolio management purposes and may be exposed to significant risk of loss when the use becomes ineffective. Derivatives will not be used extensively for investment purposes. Reference Currency Hedged Share Class and Portfolio Currency Hedged Share Class (''PCHSC'') may be subject to risks arising from uncertainty in interest rate and foreign exchange. In adverse situations, the Fund may suffer significant losses. It is possible that the original amount you invested could be lost. Investors should not solely rely on this document to make investment decisions. Investment objective and strategy The Fund aims to provide long-term capital growth primarily through investment in shares of companies around the world that are believed to offer above average opportunities for capital gains. The current investment strategy of the Fund is to use the Investec 4Factor TM framework to search for high quality, attractively valued companies which have improving operating performance and which are receiving increasing investor attention. Performance (%) 1 Launch date 6 months 1 year Fund - A Acc USD Comparative index years 2 5 years 2 launch 2 Since Annualised Ratings 1 Morningstar: ««««Key facts Fund manager: Mark Breedon Fund size: USD 1.7bn Fund launch date: Domicile: Luxembourg Sector: Morningstar Global Large-Cap Blend Equity Comparative index: MSCI AC World NR (MSCI World NR pre 01/01/2011) Reference currency: USD Pricing: 16:00 New York Time (forward pricing) 'A' Share class charges Initial charge: 5.00% Annual management fee: 1.50% YTD Fund - A Acc USD Comparative index ISIN codes A Acc AUD Hdg (Ref) A Acc HKD A Acc USD A Inc USD LU LU LU LU Performance 1 75 % Growth Risk statistics 1 (A Acc USD, annualised) 3 years 5 years Information ratio Sharpe ratio Volatility (%) Bloomberg codes A Acc AUD Hdg (Ref) A Acc HKD A Acc USD A Inc USD INGSAAU INGSAAH GUIPRAA GUIGPRI Fund - A Acc USD Latest income distribution 4 Share class Record date Distribution frequency Dividend per share Annualised yield (%) A Inc USD Annually - -

8 GSF HK FACTSHEET Investec Global Strategic Equity Fund Geographic allocation (%) Sector breakdown (%) North America Europe ex UK Emerging Markets Japan United Kingdom Far East ex Japan Middle East Cash Financials Information Technology Health Care Industrials Consumer Discretionary Communication Services Consumer Staples Materials Energy Utilities Other Cash Top holdings (%) Citigroup Inc 2.6 Amazon.com Inc 2.6 UnitedHealth Group Inc 2.4 Alphabet Inc 2.3 PayPal Holdings Inc 2.2 Asahi Group Holdings Ltd 2.1 Teleperformance 2.0 Merck & Co Inc 2.0 Unilever Plc 2.0 Shire Plc 1.9 Total 22.1 Number of equity holdings: 78 The comparative index may vary. As such the performances of the composite comparative index may consist of a combination of the old comparative index prior to the change and the current comparative index post the change. 1 Source: 2018 Morningstar. All Rights Reserved. Data as of , performances based on NAV to NAV, gross income reinvested in base currency. Morningstar Ratings based on A Acc USD share class. This rating does not guarantee that the fund constituent, or fund prices will not fluctuate. Other non-specified information referred to above, source: Investec Asset Management Limited. 4 The share class aims to make distribution as per the distribution frequency stated. Annualised Yield = Distribution per share/record date NAVxDistribution frequencyx100%. Warning: Please note that a positive annualised yield does not imply a positive return. Dividend is not guaranteed. The Board of Directors may amend the dividend policy (including any change to dividend payment out of capital) subject to the SFC s prior approval and by giving not less than one month s prior notice to affected. Past performance figures shown are not indicative of future performance. Investment involves risks. Investors should read the offering documents of the fund for details, including the risk factors. In Hong Kong, this document and the company s website have not been reviewed by the SFC. The company website may contain information with respect to non-sfc authorized funds which are not available to the public of Hong Kong. Issuer: Investec Asset Management Hong Kong Limited. Contact us Hong Kong Investec Asset Management Telephone: *: investec.hk@investecmail.com

9 PRODUCT KEY FACTS April 2018 Investec Global Strategy Fund (the Fund ) Global Strategic Equity Fund (the Sub-Fund ) Issuer: Investec Asset Management Hong Kong Limited This statement provides you with key information about the Sub-Fund. This statement is a part of the offering document and must be read in conjunction with the Prospectus. You should not invest in this Sub-Fund based on this statement alone. Quick facts Management Company: Investment Manager: Depositary: Ongoing charges over a year # : Investec Asset Management Luxembourg S.A. Investec Asset Management Limited (internal delegation, in London) State Street Bank Luxembourg S.C.A. A Inc Share Class A Acc Share Class A Acc (HKD) Share Class A Acc (AUD Hedged) Share Class A Acc PCHSC (USD Hedged) Share Class C Inc Share Class F Acc Share Class 1.91% 1.91% 1.91%* (launched on 16 February 2018) 2.01% 2.02% 2.91% 2.36% # The ongoing charges figures are based on the expenses over a 12-month period from 1 January 2017 to 31 December These figures represent the sum of the ongoing expenses chargeable to the respective share class of the Sub-Fund expressed as a percentage of the average net asset value of the respective share class of the Sub-Fund over the same period. These figures may vary from year to year. * As the share class was recently launched, this figure is an estimate only. It represents the sum of the estimated ongoing expenses chargeable to the share class expressed as a percentage of the estimated average net asset value of the share class over a 12-month period. This figure may change from year to year. The actual figure may be different from the estimated figure. Dealing frequency: Base currency: Dividend policy: Financial year end of the Fund: Daily USD A and C Income Shares annually; if declared, will be paid or reinvested A and F Accumulation Shares no dividend will be declared 31 December Minimum initial investment: US$3,000 or the approximate equivalent in another approved currency (applicable to A, C and F Shares) Minimum subsequent investment: US$750 or the approximate equivalent in another approved currency (applicable to A, C and F Shares) What is this product? This is a fund constituted in the form of a mutual fund. It is domiciled in Luxembourg and its home regulator is the Commission de Surveillance du Secteur Financier (CSSF). Objectives and Investment Strategy The Sub-Fund aims to provide long-term capital growth primarily through investment in shares of companies around the world that are believed to offer above average opportunities for capital gains. At least two-thirds of the Sub-Fund s investments will be in shares of companies that are believed to be of high quality (meaning they have potential high returns relative to their cost of capital) or offer good value (meaning they are undervalued within the market), or that are expected to benefit from increases in profit expectations, or that are currently or expected to 1

10 Investec GSF Global Strategic Equity Fund receive increased investor demand. Opportunities may also be sought for investments in companies that are expected to see their profits benefit over time from operational and structural improvements. The Sub-Fund may invest up to 10% of its net asset value in onshore securities issued in Mainland China (for example, China A Shares and B Shares). The Sub-Fund may use derivatives for the purposes of hedging and/or efficient portfolio management. Derivatives will not be used extensively for investment purposes. The Sub-Fund currently do not intend to enter into any securities lending transactions. The prior approval of the SFC will be sought and at least one month s prior notice would be given to shareholders should there be a change in such intention. What are the key risks? Investment involves risks. Please refer to the offering document for details including the risk factors. Investment Risk The underlying investments of the Sub-Fund may fall in value due to any of the key risk factors below and therefore your investment in the Sub-Fund may suffer losses. There is no guarantee of the repayment of capital. You may not get back the full amount of money you invest. In addition, the Sub-Fund primarily invests in equities or equity-related securities. Generally, equities or equity-related securities are subject to higher volatility and therefore higher risk of loss, compared to other instruments such as bonds, money markets instruments or bank deposits. Currency Hedged Share Class Risk The Investment Manager will implement a currency hedging strategy to limit the exposure to the currency position of the reference currency of the Sub-Fund and the currency denomination of the relevant Hedged Share Classes. However, there can be no assurance that the currency hedging strategy implemented by the Investment Manager will be successful. Foreign exchange rate fluctuation between the reference currency of the Sub-Fund and the currency denomination of the relevant Hedged Share Classes may result in a decrease in return and/or loss of capital for the shareholders. Portfolio Currency Hedged Share Class ( PCHSC ) Risk the Investment Manager (or its delegate) will use hedging transactions (i.e. actual portfolio currency hedging method) to reduce the impact of exchange rate movements between the currency denomination of the PCHSC and the primary currency exposures in the relevant Sub-Fund s portfolio. However, there can be no assurance that the currency hedging strategies implemented by the Investment Manager (or its delegate) will be successful. Foreign exchange rate fluctuation between the primary currency exposures in the relevant Sub-Fund s portfolio and the currency denomination of the relevant PCHSC may result in a decrease in return and/or loss of capital for the shareholders. There will be extra fees and costs which will accrue only to the shareholders of the PCHSC and that the performance of any PCHSC will diverge from the performance of the equivalent share classes that do not make use of these hedging strategies. Derivatives Usage Risk The Sub-Fund may use derivatives for the purposes of hedging and/or efficient portfolio management. Investments in derivatives involve additional risks such as credit risk, leverage risk, counterparty risks, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of derivatives can result in a loss significantly greater than the amount invested in the derivatives by the Sub-Fund. In adverse situations, the Sub-Fund s use of derivatives may become ineffective in hedging and/or in efficient portfolio management and the Sub-Fund may suffer significant losses. Exchange Rate Fluctuation Risk Currency fluctuations may adversely affect the value of a Sub-Fund s investments and the income thereon. Currency fluctuations may also adversely affect the profitability of an underlying company in which a Sub-Fund invests. How has the fund performed? 60% Investec GSF Global Strategic Equity Fund A Inc 40% 20% 0% -20% 29.8% 10.4% -9.4% 19.8% 28.0% 5.8% -2.0% 3.2% 29.1% -40% -60% -48.7% Past performance information is not indicative of future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-To-NAV, with dividend reinvested. 2

11 Investec GSF Global Strategic Equity Fund These figures show by how much the share class increased or decreased in value during the calendar year being shown. Performance data has been calculated in USD including ongoing charges and excluding subscription fee and redemption fee (if any) you might have to pay. Fund launch date: 06 April 1994 A Inc share class* launch date: 06 April 1994 *This Share Class is a representative share class as it is a focus share class made available to Hong Kong investors. Is there any guarantee? The Sub-Fund does not have any guarantees. You may not get back the full amount of money you invest. What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the Sub-Fund. Fee Subscription fee (Initial charge): Switching fee: Redemption fee: What you pay A share Up to 5% of the amount you buy C share Up to 3% of the amount you buy F share Up to 5% of the amount you buy Nil Nil, except a fee on redemptions of up to 2% of the value of the order for the benefit of the Sub-Fund could be levied if the Board of Directors believes the trading practices of the investors are disruptive or harmful to the Sub-Fund Ongoing fees payable by the Sub-Fund The following expenses will be paid out of the Sub-Fund. They affect you because they reduce the return you get on your investments. Annual rate (as a % of the Sub-Fund s value) Management Fee: A share 1.50% C share 2.50% F share 1.25% Depositary Fee: A share Up to 0.05% C share Up to 0.05% F share Up to 0.05% Performance Fee: Administration Fee (Administration Servicing Fee): Not applicable A share 0.30% C share 0.30% F share 0.25% Distribution Fee: A share 0.00% C share 0.00% F share 0.75% Management Company Fee: A share 0.01% C share 0.01% F share 0.01% Other fees You may have to pay other fees when dealing in the shares of the Sub-Fund. Additional information You generally buy and redeem shares at the Sub-Fund s next-determined net asset value (NAV) after Investec Asset Management Hong Kong Limited receives your request in good order on or before 5:00pm Hong Kong time being the dealing cut-off time. However different distributors may have different dealing cut-off times. The net asset value of the Sub-Fund is calculated and the price of shares is published each business day. The latest Net Asset Value per Share of Classes for the Sub-Fund is available on the website of the Hong Kong Representative (the content of which have not been reviewed by the SFC) on each dealing day. Investors may obtain the past performance information of other share classes offered to Hong Kong investors from the website of the Hong Kong Representative (the content of which have not been 3

12 Investec GSF Global Strategic Equity Fund reviewed by the SFC). Investors may obtain information on the intermediaries by contacting us. Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 4

GSF HK FACTSHEET Investec Global Strategic Equity Fund Geographic allocation (%) Sector breakdown (%) North America Europe ex UK Emerging Markets Japa

GSF HK FACTSHEET Investec Global Strategic Equity Fund 'A' Shares, USD As at end September 2018 Important information The Fund invests primarily in shares of companies around the world that are believed

環球策略基金 香港基金月報 天達環球策略股票基金 地區分佈 (%) 行業分析 (%) 北美洲歐洲 ( 不包括英國 ) 新興市場日本英國遠東 ( 不包括日本 ) 中東現金 金融資訊科技健康護理工業非必需性消費品通訊服務必需性消費品原材

環球策略基金香港基金月報天達環球策略股票基金地區分佈 (%) 行業分析 (%) 北美洲歐洲 ( 不包括英國 ) 新興市場日本英國遠東 ( 不包括日本 ) 中東現金金融資訊科技健康護理工業非必需性消費品通訊服務必需性消費品原材