% % AM2 u62399 AM2HKD u62400 AM3HAUD u62540 AM3HEUR u62539 % Argentina (Republic of) 7.5% 2

Transcription

1 二零一七年十一月 20%10% 5% 20% (%) AM 指 130 數 120 表現 年 6 月 14 年 6 月 15 年 6 月 16 年 6 月 17 年 6 月 10 月基金 (AM2 類 ) 2 3 參考表現基準 Morningstar, Inc 升跌 20 百分 10 率 0-10 (%) 1 AM AC / AM2 AM3HAUD AM3HEUR AC AM2 AM3HAUD AM3HEUR / / Jerry Samet HSBC Global Asset Management (USA) Inc 1,000 / 10,000 / 1,500 / 850 3% 1.25% 1% ISIN AC LU AM2 LU AM3HAUD LU AM3HEUR LU AC HGHIBDA LX AM2 HGHIBAM LX AM3HAUD HGHAMHA LX AM3HEUR HGHAMHE LX AC AM2 AM3HAUD AM3HEUR 331 Morningstar31/10/ %20%Baa15% Ba15%Baa15% BB HSBC Investment Funds (Hong Kong) Limited HSBC Global Asset Management (Hong Kong) Limited HSBC Investment Funds (Hong Kong) Limited

2 % % AM2 u62399 AM2HKD u62400 AM3HAUD u62540 AM3HEUR u62539 % Argentina (Republic of) 7.5% 22/04/ Argentina (Republic of) 5.625% 26/01/ Bank of America Corp 4.183% 25/11/ Ineos Group Holdings Sa 5.375% 01/08/ Kazakhstan (Republic of) 5.125% 21/07/ Foereningsbanken Ab 0.3% 06/09/ Argentina (Republic of) 6.875% 22/04/ Snam Spa 1.25% 25/01/ Ente Nazionale Per L energi 5% 15/01/ Unicredito Italiano Spa 2.125% 24/10/ AM2 # % % % % % % % % % % % % # 12 BLOOMBERG Bloomberg Finance L.P.BloombergBARCLAYS Barclays Bank PlcBarclaysBloombergBloomberg Barclays Bloomberg BarclaysBloombergBarclays BloombergBarclays35% 20%Baa15%Ba15%Baa 15%BB HSBC Global Asset Management (Hong Kong) Limited

3 重要資料 : 本基金主要投資於較高收益債券, 包括非投資級別債券 就本基金之若干類別而言, 本基金可從資本中或未扣除開支前撥付股息 投資者應注意, 從資本中或實際上從資本中撥付股息即代表投資者從當初投資基金之款項中獲付還或提取部分金額或從原本投資應佔的任何資本收益中獲付還或提取部分金額 該等分派可能導致本基金的資產淨值即時減少 本基金可投資於金融衍生工具作投資用途, 並可能蒙受重大損失如有關發行人違約或有關衍生工具不能被出售或表現欠佳 本基金可投資於新興市場 非投資級別的債券 資產抵押證券及按揭證券, 涉及較高風險及波動性 本基金的投資可能涉及信貸 對手方 市場 匯率 波動性 流通性 監管 評級下降及政治的重大風險 投資者投資於本基金可能蒙受重大損失 基金產品並不相等於定期存款 投資者不應僅就此文件提供之資料而作出投資決定, 並應細閱基金銷售文件內有關基金之詳情 本文件並非銷售文件 滙豐環球投資基金 環球高入息債券派息記錄 ( 股息並不保證, 及可從股本中分派 ) # AM2 類 (ISIN 編碼 :LU ) 月份除息日股息 除息日的基金買入價格 AM2HKD 類 (ISIN 編碼 :LU ) 年率化 息率 月份 除息日 股息 除息日的基金買入價格 2017 年 10 月 2017 年 10 月 31 日 美元 美元 3.96% 2017 年 10 月 2017 年 10 月 31 日 港元 港元 3.96% 2017 年 9 月 2017 年 9 月 29 日 美元 美元 4.02% 2017 年 9 月 2017 年 9 月 29 日 港元 港元 4.02% 2017 年 8 月 2017 年 8 月 31 日 美元 美元 4.05% 2017 年 8 月 2017 年 8 月 31 日 港元 港元 4.05% 2017 年 7 月 2017 年 7 月 28 日 美元 美元 4.11% 2017 年 7 月 2017 年 7 月 28 日 港元 港元 4.11% 2017 年 6 月 2017 年 6 月 30 日 美元 美元 4.17% 2017 年 6 月 2017 年 6 月 30 日 港元 港元 4.17% 2017 年 5 月 2017 年 5 月 24 日 美元 美元 4.11% 2017 年 5 月 2017 年 5 月 24 日 港元 港元 4.11% 2017 年 4 月 2017 年 4 月 28 日 美元 美元 4.03% 2017 年 4 月 2017 年 4 月 28 日 港元 港元 4.03% 2017 年 3 月 2017 年 3 月 31 日 美元 美元 4.03% 2017 年 3 月 2017 年 3 月 31 日 港元 港元 4.03% 2017 年 2 月 2017 年 2 月 28 日 美元 美元 3.94% 2017 年 2 月 2017 年 2 月 28 日 港元 港元 3.94% 2017 年 1 月 2017 年 1 月 25 日 美元 美元 4.01% 2017 年 1 月 2017 年 1 月 25 日 港元 港元 4.01% 2016 年 12 月 2016 年 12 月 30 日 美元 美元 4.04% 2016 年 12 月 2016 年 12 月 30 日 港元 港元 4.04% 2016 年 11 月 2016 年 11 月 25 日 美元 美元 4.22% 2016 年 11 月 2016 年 11 月 25 日 港元 港元 4.22% 2016 年 10 月 2016 年 10 月 28 日 美元 美元 4.21% 2016 年 10 月 2016 年 10 月 28 日 港元 港元 4.21% 2016 年 9 月 2016 年 9 月 30 日 美元 美元 4.21% 2016 年 9 月 2016 年 9 月 30 日 港元 港元 4.21% 2016 年 8 月 2016 年 8 月 26 日 美元 美元 4.42% 2016 年 8 月 2016 年 8 月 26 日 港元 港元 4.41% 2016 年 7 月 2016 年 7 月 29 日 美元 美元 4.43% 2016 年 7 月 2016 年 7 月 29 日 港元 港元 4.43% 2016 年 6 月 2016 年 6 月 22 日 美元 美元 4.52% 2016 年 6 月 2016 年 6 月 22 日 港元 港元 4.52% 2016 年 5 月 2016 年 5 月 27 日 美元 美元 4.61% 2016 年 5 月 2016 年 5 月 27 日 港元 港元 4.61% 2016 年 4 月 2016 年 4 月 29 日 美元 美元 4.55% 2016 年 4 月 2016 年 4 月 29 日 港元 港元 4.55% 2016 年 3 月 2016 年 3 月 24 日 美元 美元 4.46% 2016 年 3 月 2016 年 3 月 24 日 港元 港元 4.46% 2016 年 2 月 2016 年 2 月 26 日 美元 美元 4.51% 2016 年 2 月 2016 年 2 月 26 日 港元 港元 4.51% 2016 年 1 月 2016 年 1 月 29 日 美元 美元 4.53% 2016 年 1 月 2016 年 1 月 29 日 港元 港元 4.54% 2015 年 12 月 2015 年 12 月 24 日 美元 美元 4.49% 2015 年 12 月 2015 年 12 月 24 日 港元 港元 4.49% 2015 年 11 月 2015 年 11 月 27 日 美元 美元 3.95% 2015 年 11 月 2015 年 11 月 27 日 港元 港元 3.95% 年率化息率 # 股息基金額被四捨五入至第四個小數位 派息不獲保證及會導致資產淨值減少 正股息派發不代表正回報 年率化息率的計算方法 :( 股息 除息日的基金買入價格 )X12 年率化息率乃基於在有關日期的股息並將股息再作投資計算, 可能高於或低過實際全年派息率 股息可從股本中分派及可導致資本蠶食 某一類別的表現及股息率可能受多種因素影響, 例如 ( 倘適用 ) 不同貨幣之間的匯率波動 貨幣對沖成本及利率差別 因此, 不同類別的表現及股息率可能有別, 且其中某一類別的表現及股息率不得視為另一類別表現及股息率的指標 投資附帶風險 過去的業績並不代表將來的表現 請參閱銷售文件以便獲取其他資料, 包括風險因素 此文件並未經證券及期貨事務監察委員會批閱 由 HSBC Global Asset Management (Hong Kong) Limited 滙豐環球投資管理 ( 香港 ) 有限公司刊發

4 重要資料 : 本基金主要投資於較高收益債券, 包括非投資級別債券 就本基金之若干類別而言, 本基金可從資本中或未扣除開支前撥付股息 投資者應注意, 從資本中或實際上從資本中撥付股息即代表投資者從當初投資基金之款項中獲付還或提取部分金額或從原本投資應佔的任何資本收益中獲付還或提取部分金額 該等分派可能導致本基金的資產淨值即時減少 本基金可投資於金融衍生工具作投資用途, 並可能蒙受重大損失如有關發行人違約或有關衍生工具不能被出售或表現欠佳 本基金可投資於新興市場 非投資級別的債券 資產抵押證券及按揭證券, 涉及較高風險及波動性 本基金的投資可能涉及信貸 對手方 市場 匯率 波動性 流通性 監管 評級下降及政治的重大風險 投資者投資於本基金可能蒙受重大損失 基金產品並不相等於定期存款 投資者不應僅就此文件提供之資料而作出投資決定, 並應細閱基金銷售文件內有關基金之詳情 本文件並非銷售文件 滙豐環球投資基金 環球高入息債券派息記錄 -AM 類 ( 股息並不保證, 及可從股本中分派 ) # AM3HAUD 類 (ISIN 編碼 :LU ) AM3HEUR 類 (ISIN 編碼 :LU ) 月份除息日股息 除息日的基金買入價格 年率化 息率 月份 除息日 股息 除息日的基金買入價格 2017 年 10 月 2017 年 10 月 31 日 澳元 澳元 4.32% 2017 年 10 月 2017 年 10 月 31 日 歐元 歐元 1.89% 2017 年 9 月 2017 年 9 月 29 日 澳元 澳元 4.35% 2017 年 9 月 2017 年 9 月 29 日 歐元 歐元 2.22% 2017 年 8 月 2017 年 8 月 31 日 澳元 澳元 4.43% 2017 年 8 月 2017 年 8 月 31 日 歐元 歐元 2.12% 2017 年 7 月 2017 年 7 月 28 日 澳元 澳元 4.45% 2017 年 7 月 2017 年 7 月 28 日 歐元 歐元 1.99% 2017 年 6 月 2017 年 6 月 30 日 澳元 澳元 4.64% 2017 年 6 月 2017 年 6 月 30 日 歐元 歐元 2.41% 2017 年 5 月 2017 年 5 月 24 日 澳元 澳元 4.72% 2017 年 5 月 2017 年 5 月 24 日 歐元 歐元 2.23% 2017 年 4 月 2017 年 4 月 28 日 澳元 澳元 4.50% 2017 年 4 月 2017 年 4 月 28 日 歐元 歐元 2.17% 2017 年 3 月 2017 年 3 月 31 日 澳元 澳元 4.85% 2017 年 3 月 2017 年 3 月 31 日 歐元 歐元 2.54% 2017 年 2 月 2017 年 2 月 28 日 澳元 澳元 4.64% 2017 年 2 月 2017 年 2 月 28 日 歐元 歐元 2.50% 2017 年 1 月 2017 年 1 月 25 日 澳元 澳元 4.84% 2017 年 1 月 2017 年 1 月 25 日 歐元 歐元 1.51% 2016 年 12 月 2016 年 12 月 30 日 澳元 澳元 4.84% 2016 年 12 月 2016 年 12 月 30 日 歐元 歐元 2.49% 2016 年 11 月 2016 年 11 月 25 日 澳元 澳元 5.00% 2016 年 11 月 2016 年 11 月 25 日 歐元 歐元 2.70% 2016 年 10 月 2016 年 10 月 28 日 澳元 澳元 4.97% 2016 年 10 月 2016 年 10 月 28 日 歐元 歐元 3.20% 2016 年 9 月 2016 年 9 月 30 日 澳元 澳元 4.99% 2016 年 9 月 2016 年 9 月 30 日 歐元 歐元 3.22% 2016 年 8 月 2016 年 8 月 26 日 澳元 澳元 5.50% 2016 年 8 月 2016 年 8 月 26 日 歐元 歐元 3.56% 2016 年 7 月 2016 年 7 月 29 日 澳元 澳元 5.59% 2016 年 7 月 2016 年 7 月 29 日 歐元 歐元 3.64% 2016 年 6 月 2016 年 6 月 22 日 澳元 澳元 5.67% 2016 年 6 月 2016 年 6 月 22 日 歐元 歐元 3.77% 2016 年 5 月 2016 年 5 月 27 日 澳元 澳元 6.03% 2016 年 5 月 2016 年 5 月 27 日 歐元 歐元 3.85% 2016 年 4 月 2016 年 4 月 29 日 澳元 澳元 5.91% 2016 年 4 月 2016 年 4 月 29 日 歐元 歐元 3.82% 2016 年 3 月 2016 年 3 月 24 日 澳元 澳元 5.88% 2016 年 3 月 2016 年 3 月 24 日 歐元 歐元 3.85% 2016 年 2 月 2016 年 2 月 26 日 澳元 澳元 5.86% 2016 年 2 月 2016 年 2 月 26 日 歐元 歐元 3.95% 2016 年 1 月 2016 年 1 月 29 日 澳元 澳元 6.50% 2016 年 1 月 2016 年 1 月 29 日 歐元 歐元 4.28% 2015 年 12 月 2015 年 12 月 24 日 澳元 澳元 6.74% 2015 年 12 月 2015 年 12 月 24 日 歐元 歐元 4.71% 2015 年 11 月 2015 年 11 月 27 日 澳元 澳元 6.18% 2015 年 11 月 2015 年 11 月 27 日 歐元 歐元 4.07% 年率化息率 ^AMHAUD 類發行特別中期股息 # 股息基金額被四捨五入至第四個小數位 派息不獲保證及會導致資產淨值減少 正股息派發不代表正回報 年率化息率的計算方法 :( 股息 除息日的基金買入價格 )X12 年率化息率乃基於在有關日期的股息並將股息再作投資計算, 可能高於或低過實際全年派息率 股息可從股本中分派及可導致資本蠶食 某一類別的表現及股息率可能受多種因素影響, 例如 ( 倘適用 ) 不同貨幣之間的匯率波動 貨幣對沖成本及利率差別 因此, 不同類別的表現及股息率可能有別, 且其中某一類別的表現及股息率不得視為另一類別表現及股息率的指標 投資附帶風險 過去的業績並不代表將來的表現 請參閱銷售文件以便獲取其他資料, 包括風險因素 此文件並未經證券及期貨事務監察委員會批閱 由 HSBC Global Asset Management (Hong Kong) Limited 滙豐環球投資管理 ( 香港 ) 有限公司刊發

5 PRODUCT KEY FACTS HSBC Global Investment Funds Global High Income Bond July This statement provides you with key information about the HSBC Global Investment Funds Global High Income Bond This statement is part of the offering document You should not invest in this product based on this statement alone Quick facts Fund manager Investment adviser Custodian Dealing frequency Base currency (reference currency) ( Ongoing charges over a year HSBC Investment Funds (Luxembourg) S.A. Internal delegation / HSBC Global Asset Management (USA) Inc Sub-delegate to / HSBC Global Asset Management (UK) Limited; HSBC Global Asset Management (France) HSBC Bank Plc, Luxembourg Branch Daily on every dealing day / USD / Class AC / AC 1.50%^ Class AM2 / AM 1.50%^ Class AM3HAUD / AM3HAUD 1.55%^ Class AM3HEUR / AM3HEUR 1.55%^ Class AM3HCAD / AM3HCAD 1.56%^^ Class AM3HGBP / AM3HGBP 1.56%^^ Dividend policy Class AC No dividends will be declared or paid; Class AM2 / AM3HAUD / AM3HCAD / AM3HEUR / AM3HGBP Declared monthly on a discretionary basis, and if declared, dividends will be paid monthly. Dividends may be paid out of the capital of the relevant Class and may lead to capital erosion. AC AM2 / AM3HAUD / AM3HCAD / AM3HEUR / AM3HGBP Financial year end 31 March / 331 Minimum investment Class AC US$1,000 / HK$10,000 (initial and subsequent) AC 1,000 / 10,000 Class AM2: US$1,000 / HK$10,000 (initial and subsequent) AM2 1,000 / 10,000 Class AM3HAUD AUD1,500 (initial and subsequent) AM3HAUD 1,500 Class AM3HCAD CAD1,000 (initial and subsequent) AM3HCAD 1,000 Class AM3HEUR EUR850 (initial and subsequent) AM3HEUR 850 Class AM3HGBP: GBP650 (initial and subsequent) AM3HGBP 650 ^ The figure is based on ongoing expenses chargeable to the class expressed as a percentage of the class s average net asset value for the year ended 31 March This figure may vary from year to year ^^ The figure is an estimate only (as the class has not been launched) and represents the sum of the estimated ongoing expenses chargeable to the class expressed as a percentage of the class's estimated average net asset value. This figure may vary from year to year. The actual figure may be different from the estimated figure.

6 What is this product? This is a sub-fund (the Fund ) of an umbrella fund constituted in the form of a mutual fund. It is domiciled in Luxembourg and its home regulator is Commission de Surveillance du Secteur Financier. Commission de Surveillance du Secteur Financier What are the investment objectives and strategy? Investment Objectives and Strategy The Fund invests for high income primarily in a diversified portfolio of higher yielding fixed income bonds and other similar securities from around the world denominated in a range of currencies. This may include Investment Grade bonds, high yield bonds and Asian and Emerging Markets debt instruments. Investment in mortgage and asset backed securities will be limited to a maximum of 20% of the sub-fund net assets. 20% The Fund may invest up to 10% of its net assets in contingent convertible securities, however this is not expected to exceed 5%. 10%5% The Fund does not intend to use financial derivative instruments extensively for investment purposes. However, the Fund may invest in financial derivative instruments such as futures, options, swaps (including, but not limited to, credit default swaps and Total Return Swaps), forward currency contracts and in other currency and credit derivatives for, inter alia, the purposes of managing interest and credit risks, currency positioning but also to enhance return when the Investment Adviser believes the investment in financial derivative instruments will assist the Fund in achieving its investment objectives. In particular, the Fund will use foreign currency forward contracts or other financial derivative instruments to substantially protect the Fund from losses arising from currency depreciation against the USD. What are the Key Risks? Investments involve risks. Please refer to the offering document for details including the risk factors. Investment risk The Fund is an investment fund. There is no guarantee of the repayment of principal. The Fund s investment portfolio may fall in value due to any of the key risk factors below and therefore your investment in the Fund may suffer losses. Emerging markets risk Investing in emerging markets involves a greater risk of loss than investing in more developed markets due to, among other factors, greater political, tax, economic, foreign exchange, liquidity, settlement, custodial, market volatility (such as interest rate and price volatility), legal and regulatory risks. Concentration risk The Fund s investments are concentrated in Asia. The value of the Fund may be more volatile than that of a fund having a more diverse portfolio of investments. The value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting the Asia market. Interest rate risk The Fund s investments in fixed income instruments may fall in value if interest rates change. Generally, the price of fixed income instruments decreases when interest rates rise, whilst their prices increase when interest rates fall. Credit risk The Fund s exposure to fixed income securities is subject to the credit risk of the issuers of the securities. When the issuer of a fixed income security defaults, the Fund may suffer a loss amounting to the value of such investment.

7 Non-investment grade debt/ unrated debt risk Non-investment grade and unrated fixed income securities are subject to lower liquidity, higher volatility, higher credit risk and greater risk of loss of principal and interest than investment grade fixed income securities. Downgrading Risk The credit rating of a fixed income security or its issuer may subsequently be downgraded. In the event of such downgrading, the Fund s investment value in such security may be adversely affected. The Management Company or the Investment Adviser may or may not be able to dispose of the securities that are being downgraded.

8 Liquidity risk The Fund is exposed to the risk that a particular investment or position cannot be easily unwound or offset due to insufficient market depth or market disruption. Investment of the Fund s assets in relatively illiquid investments may restrict the ability of the Fund to dispose of its investments at a price and time that it wishes to do so. This may result in a loss to the Fund. Volatility risks The fixed income securities in which the Fund invests may not be traded on an active secondary market. The prices of securities traded in such markets may be subject to fluctuations. The bid and offer spreads of the price of such securities may be large and the Fund may incur significant trading costs and may suffer losses as a result. Sovereign debt risk The Fund s investment in securities issued or guaranteed by governments may be exposed to political, social and economic risks. In adverse situations, the sovereign issuers may not be able or willing to repay the principal and/or interest when due or may request the Fund to participate in restructuring such debts. The Fund may suffer significant losses when there is a default of sovereign debt issuers. / Valuation risk Valuation of the Fund s investments may involve uncertainties and judgmental determinations. If such valuation turns out to be incorrect, this may affect the net asset value of the Fund. Credit rating risk Credit ratings assigned by rating agencies are subject to limitations and do not guarantee the creditworthiness of the security and/or issuer at all times. / Derivative instrument risk Risks associated with financial derivative instruments include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-thecounter transaction risk. The leverage element/component of a financial derivative instrument can result in a loss significantly greater than the amount invested in the financial derivative instrument by the Fund. Exposure to financial derivatives instruments may lead to a high risk of significant loss by the Fund. // Foreign exchange risk Because the Fund s assets and liabilities and classes of shares may be denominated in currencies different from the reference currency, the Fund may be affected favourably or unfavourably by exchange control regulations or changes in the exchange rates between the reference currency and other currencies. Asset Backed Securities and Mortgage Backed Securities ABS and MBS which the Fund invests in may be highly illiquid and prone to substantial price volatility. These instruments may be subject to greater credit, liquidity and interest rate risk compared to other fixed income securities. They are often exposed to extension and prepayment risks and risks that the payment obligations relating to the underlying assets are not met, which may adversely impact the returns of the securities. Risks relating to hedging and the currency hedged share classes The Fund is permitted to use hedging techniques to attempt to offset market and currency risks, including hedging the currencies in which the underlying assets of the Fund are denominated against the Fund s reference currency or the currency of the assets that the Fund primarily invested in. The costs of hedging transactions which are conducted at the Fund level and hedging at the Fund level will preclude shareholders from benefitting from appreciation of the non-usd currencies (in which the underlying investments of the Fund may be denominated) against the reference currency of the Fund. In respect of currency hedged share classes, it aims to hedge the currency risk between the reference currency and the class currency of the currency hedged share class. There is no guarantee that the desired hedging instruments will be available or hedging techniques will achieve their desired result. There can be no assurance that any currency hedging strategy will fully and effectively eliminate the currency exposure of the Fund.

9 Investment in currency hedged share classes which do not hedge underlying portfolio currency exposures back to the investor s own currency may result in the investor taking speculative currency positions which may be volatile and may have a material impact on shareholders returns. Investment in currency hedged share classes may preclude shareholders from benefiting from an increase in the value of the Fund s reference currency and/or other currencies of non-usd-denominated underlying investments of the Fund relative to the class currency of the currency hedged share classes. The costs of the hedging transactions will be reflected in the net asset values of the relevant share classes. Any costs and expenses arising from such hedging transactions, which may be significant depending on prevailing market conditions, will be borne by the relevant share classes. This may adversely affect the returns of investors of such share classes. The distribution amount and the net asset value of the currency hedged share classes may be adversely affected by differences in the interest rates of the class currency of the currency hedged share classes and the Fund s reference currency, resulting in an increase in the amount of distribution that is paid out of capital and hence a greater erosion of capital than other non-hedged classes. Risks associated with distribution out of capital For certain Classes of Shares, the Board of Directors may determine if, and to what extent, dividends may be paid out of capital or paid gross of expenses where the income / capital gain generated by the Fund is insufficient to pay a distribution as declared by the Fund. If there is a change to this policy, prior approval will be sought from the SFC and affected investors will receive at least one month s prior written notification. Investors should note that the payment of dividends out of capital or effectively out of capital represents a return or withdrawal of part of the amount they originally invested or from any capital gains attributable to the original investment. Such distributions may result in an immediate decrease in the Net Asset Value per Share of the Fund.

10 How has the Fund performed? 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. 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 you might have to pay. The Fund has formally adopted a weighted average benchmark comprised of 35% Barclays USD Emerging Markets, 20% Barclays US Aggregate Corporate Baa, 15% Barclays US High Yield Ba, 15% Barclays Euro Aggregate Corporate Baa Hedged USD and 15% Barclays Euro High Yield BB Hedged USD as the reference performance benchmark of the Fund with effect from The reference performance benchmark is shown for comparison purposes only and the Fund may not be managed to the reference performance benchmark %35% Barclays USD Emerging Markets20% Baa 20% Barclays US Aggregate Corporate Baa15% Ba 15% Barclays US High Yield Ba15% Baa 15% Barclays Euro Aggregate Corporate Baa Hedged USD 15% BB 15% Barclays Euro High Yield BB Hedged USD Fund launch date: 28/07/ /07/2010 (AM2) Class AM2 launch date: 29/07/2010 AM2 29/07/2010 Class AM2 is a share class open for investment by Hong Kong retail investors and denominated in the Fund s reference currency. AM2 Is there any guarantee? This Fund does not have any guarantees. You may not get back the full amount of money you invest.

11 What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when your purchase the Fund. Fees What you pay Subscription fee 3% of the offer price* # 3%* # Switching fee 1% of the offer price* 1%* Redemption fee Nil* * Ongoing fees payable by the Fund The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments. Fees Management fee 1.25% Custodian fee Annual rate (as a % of the Net Asset Value of the Fund) % Not applicable, included in Administrative fee Administrative fee 0.25% # Performance fee Not applicable Other fees You may have to pay other fees and charges when dealing in the Fund. * You may need to bear additional costs under certain situations in order to mitigate any adverse impacts to the Fund caused by the transactions. Please refer to the offering document for further details. # The fees and charges may be increased up to maximum level as specified in the offering document by giving at least one month s prior notice to investor. Please refer to the offering document for further details. This amount does not include the fees of the Administration Agent relating to the execution of the currency hedging policy, which will be borne by the relevant currency hedged share class. Where the Administration Agent takes these fees, the maximum rate for fees relating to the execution of the currency hedging policy is up to 0.06% per annum of the net asset value of the currency hedged share class % Additional information You generally buy and redeem shares at the Fund s next-determined subscription price and redemption price with reference to the Net Asset Value (NAV) after the intermediaries receive your request in good order on or before 4:00pm (HK Time), being the Fund s dealing cut-off time. 4 Intermediaries who sell the Fund may impose earlier cut-off times for receiving instructions for subscriptions, redemptions or switching. Investors should pay attention to the arrangements of the intermediary concerned. Investors may obtain the past performance information of other share classes offered to Hong Kong investors at (the website has not been reviewed by the SFC). Investors may obtain information on the intermediaries online at (the website has not been reviewed by the SFC). The net asset value of the Fund is calculated and the price of the Fund is published on each dealing day. The Fund prices are available online at In respect of the monthly distribution Shares, the composition of the latest dividends (i.e. the relative amounts paid out of (i) net distributable income and (ii) capital) (if any) for the last 12 months is available from the Hong Kong Representative on request and on the website 12 (i)(ii)

12 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. Issued by HSBC Global Asset Management (Hong Kong) Limited