Portfolio composition Country allocation % Turkey 10.2 Mexico 8.9 Argentina 8.8 Indonesia 8.3 Brazil 5.3 China 4.8 Russia 4.4 Colombia 4.3 United Stat

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1 Important information: The Fund invests primarily in emerging markets fixed income securities. The Fund is subject to the risks of investing in emerging markets and non-investment grade bonds are subject to higher risk than investment grade bonds. The Fund may invest up to 30% of its net asset value in securities issued by a single sovereign issuer with a non-investment grade credit rating and is subject to higher concentration risk, sovereign risk and credit risk. For certain classes of the Fund, the Fund may pay dividends out of capital or pay dividends gross of expenses. 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 of the Fund. The Fund may invest in financial derivative instruments for investment purpose and may suffer substantial loss if the relevant issuers default or the relevant instruments cannot be realised or perform badly. The Fund s investments may involve substantial credit/counterparty, downgrading, market, volatility, liquidity, regulatory and political risks. Investors may suffer substantial loss of their investments in the Fund. Unit trusts are NOT equivalent to time deposits. Investors should not invest in the Fund solely based on the information provided in this document and should read the offering document of the Fund for details. This document does not constitute an offering document. HSBC Global Investment Funds Global Emerging Markets Bond Fund objective and strategy The Fund invests for total return primarily in a diversified portfolio of Investment Grade and Non- Investment Grade rated fixed income (e.g. bonds) and other similar securities either issued by companies which have their registered office in Emerging Markets around the world, primarily denominated in US dollars, or which are issued or guaranteed by governments, government agencies and supranational bodies of Emerging Markets. The Fund may invest more than 10% and up to 30% of its net assets in securities issued by or guaranteed by a single sovereign issuer with a Non-Investment Grade credit rating. This is due to the fact that the sub-fund s reference benchmark, the JP Morgan Emerging Market Bond Index, may contain sovereign issuers that may have a Non-Investment Grade rating. The Non-Investment Grade sovereign issuers that the Fund may invest up to 30% of its net assets in. The Fund may invest up to 10% of its net assets in contingent convertible securities, however this is not expected to exceed 5%. The Fund may also invest in financial derivative instruments such as futures, forwards (including nondeliverable forwards), swaps, options, credit default swaps, as well as other structured products. The Fund intends to use such financial derivative instruments for, inter alia, return enhancement, hedging, tax-efficient access to instruments and whenever the Investment Adviser believes the investment in financial derivative instruments will assist the Fund in achieving its investment objectives. Product features The Fund invests mainly for total return through a diversified portfolio of Investment Grade and Non- Investment Grade bonds The Fund invests predominantly in emerging market sovereign and quasi-sovereign bonds denominated in hard currency (US dollars). The tactical allocation of emerging market corporate bonds and local currency bonds offer additional return opportunities Price Indexed Performance (%) 1 YTD 3 mths 6 mths 1 yr 3 yrs 5 yrs Since Inception Fund () Reference Performance Benchmark Jun 14 Jun 15 Jun 16 Jun 17 Jun 18 Fund () 2 Reference Performance Benchmark 3 Source: Morningstar, Inc. as at 31 December Bid to Bid price with dividend reinvested, in US Dollar Percent Change Calendar year performance (%) 1 Fund Reference (Class Performance AM2) 2 Benchmark Fund details Launch date Class ACHKD Class AC Fund size Base currency Bid price Class ACHKD Class AC Fund manager Investment adviser 4 September September June January October January July 1999 USD4, million USD AUD8.788 EUR8.529 HKD9.634 USD HKD USD USD Nishant Upadhyay HSBC Global Asset Management (USA) Inc Minimum investment USD1,000 / HKD10,000 / AUD1,500 / EUR850 Initial charge 5.25% Management fee 1.25% per annum Switching charge 1% Dealing ISIN code Class ACHKD Class AC January 2018 Daily LU LU LU LU LU LU LU ^ Class PD is closed for subscription with effect from 10 April Please refer to the offering document for details of other fees. Source: HSBC Investment Funds (Hong Kong) Limited as at Morningstar, Inc. All Rights Reserved. Morningstar Rating TM as of 31 December December Fund changes that may have material impact on performance: 21 May 2007 investment vehicle expanded. 1 Jan 2011 fee structure has changed. 16 Sep 2013 and 20 Jun 2016 investment objective changed. 2. The performance and dividend yield of a Class may be affected by many factors such as, where applicable, exchange rate fluctuation, currency hedging costs and interest rate differentiation between different currencies. Therefore, different Classes may have different performance and dividend yield, and the performance and dividend yield of a Class cannot be used to represent the performance and dividend yield of another Class. 3. Reference Performance Benchmark: JP Morgan EMBI Global since 1 Jan Prior to that, was JP Morgan EMBI. Investment involves risk. Past performance is not indicative of future performance. Please refer to the offering document for further details including the risk factors. The document has not been reviewed by the Securities and Futures Commission. Issued by HSBC Global Asset Management (Hong Kong) Limited

2 Portfolio composition Country allocation % Turkey 10.2 Mexico 8.9 Argentina 8.8 Indonesia 8.3 Brazil 5.3 China 4.8 Russia 4.4 Colombia 4.3 United States 3.1 Others 42.0 Percentage may not total 100 due to rounding. Top 10 holdings % Argentina (Republic of) 7.5% 22/04/26 Argentina 2.5 Colombia (Republic of) 3.875% 25/04/27 Colombia 2.1 Argentina (Republic of) 6.875% 26/01/27 Argentina 1.7 Russia Global 4.875% 16/09/23 Russia 1.6 Turkey (Republic of) 4.875% 09/10/26 Turkey 1.6 Petroleos Mexicanos 4.5% 23/01/26 Mexico 1.4 Argentina (Republic of) 7.625% 22/04/46 Argentina 1.4 Dominican Republic 6.875% 29/01/26 Dominican Republic 1.2 Argentina (Republic of) 6.875% 22/04/21 Argentina 1.2 Ukraine (Republic of) 7.75% 01/09/27 Ukraine 1.2 Dividend history of (Dividend is not guaranteed and may be paid out of capital) # Bloomberg ticker HGEAMHA LX HGEAMHE LX HGEMBAM LX HSGEMAM LX Class ACHKD HSEMACH LX Class AC HSBCGEA LX HSBCGLM LX Financial Y/E 31 March Dividend policy Monthly, if any Monthly, if any Monthly, if any Monthly, if any Class ACHKD No distribution Class AC No distribution Annually, if any Portfolio characteristics Annualised volatility (3-year) 5.70% Sharpe ratio (3-year) 0.68 HSBC fund code u42373 u62497 u62512 u62537 u62538 Month Dividend amount Bid price as of Annualised yield ex-dividend date Jan - 17 USD USD % Feb - 17 USD USD % Mar - 17 USD USD % Apr - 17 USD USD % May - 17 USD USD % Jun - 17 USD USD % Jul - 17 USD USD % Aug - 17 USD USD % Sep - 17 USD USD % Oct - 17 USD USD % Nov - 17 USD USD % Dec - 17 USD USD % # Dividend is not guaranteed and will result in reduction in net asset value. A positive distribution yield does not imply a positive return. The calculation method of annualised yield: (dividend value/ bid price as of ex-dividend date) x 12. The annualised dividend yield is calculated based on the dividend distribution on the relevant date with dividend reinvested, and may be higher or lower than the actual annual dividend yield. Dividend may be paid out of capital and will result in capital erosion. The performance and dividend yield of a Class may be affected by many factors such as, where applicable, exchange rate fluctuation, currency hedging costs and interest rate differentiation between different currencies. Therefore, different Classes may have different performance and dividend yield, and the performance and dividend yield of a Class cannot be used to represent the performance and dividend yield of another Class. Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. The Index is used with permission. The Index may not be copied, used, or distributed without J.P. Morgan s prior written approval. Copyright 2012, J.P. Morgan Chase & Co. All rights reserved. Investment involves risk. Past performance is not indicative of future performance. Please refer to the offering document for further details including the risk factors. The document has not been reviewed by the Securities and Futures Commission. Issued by HSBC Global Asset Management (Hong Kong) Limited ^ Class PD is closed for subscription with effect from 10 April 2012.

3 Important information: The Fund invests primarily in emerging markets fixed income securities. The Fund is subject to the risks of investing in emerging markets and non-investment grade bonds are subject to higher risk than investment grade bonds. The Fund may invest up to 30% of its net asset value in securities issued by a single sovereign issuer with a non-investment grade credit rating and is subject to higher concentration risk, sovereign risk and credit risk. For certain classes of the Fund, the Fund may pay dividends out of capital or pay dividends gross of expenses. 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 of the Fund. The Fund may invest in financial derivative instruments for investment purpose and may suffer substantial loss if the relevant issuers default or the relevant instruments cannot be realised or perform badly. The Fund s investments may involve substantial credit/counterparty, downgrading, market, volatility, liquidity, regulatory and political risks. Investors may suffer substantial loss of their investments in the Fund. Unit trusts are NOT equivalent to time deposits. Investors should not invest in the Fund solely based on the information provided in this document and should read the offering document of the Fund for details. This document does not constitute an offering document. HSBC GIF Global Emerging Markets Bond Dividend history (Dividend is not guaranteed and may be paid out of capital) # (ISIN Code: LU ) (ISIN Code: LU ) Month Ex-dividend Date Dividend Amount Bid price as of ex-dividend date Annualised Yield Month Ex-dividend Date Dividend Amount Bid price as of ex-dividend date Annualised Yield Dec Dec-17 USD USD % Dec Dec-17 HKD HKD % Nov Nov-17 USD USD % Nov Nov-17 HKD HKD % Oct Oct-17 USD USD % Oct Oct-17 HKD HKD % Sep Sep-17 USD USD % Sep Sep-17 HKD HKD % Aug Aug-17 USD USD % Aug Aug-17 HKD HKD % Jul Jul-17 USD USD % Jul Jul-17 HKD HKD % Jun Jun-17 USD USD % Jun Jun-17 HKD HKD % May May-17 USD USD % May May-17 HKD HKD % Apr Apr-17 USD USD % Apr Apr-17 HKD HKD % Mar Mar-17 USD USD % Mar Mar-17 HKD HKD % Feb Feb-17 USD USD % Feb Feb-17 HKD HKD % Jan Jan-17 USD USD % Jan Jan-17 HKD HKD % Dec Dec-16 USD USD % Dec Dec-16 HKD HKD % Nov Nov-16 USD USD % Nov Nov-16 HKD HKD % Oct Oct-16 USD USD % Oct Oct-16 HKD HKD % Sep Sep-16 USD USD % Sep Sep-16 HKD HKD % Aug Aug-16 USD USD % Aug Aug-16 HKD HKD % Jul Jul-16 USD USD % Jul Jul-16 HKD HKD % Jun Jun-16 USD USD % Jun Jun-16 HKD HKD % May May-16 USD USD % May May-16 HKD HKD % Apr Apr-16 USD USD % Apr Apr-16 HKD HKD % Mar Mar-16 USD USD % Mar Mar-16 HKD HKD % Feb Feb-16 USD USD % Feb Feb-16 HKD HKD % Jan Jan-16 USD USD % Jan Jan-16 HKD HKD % # Dividend amount is rounded up to four decimal places. Dividend is not guaranteed and will result in reduction in net asset value. A positive distribution yield does not imply a positive return. The calculation method of annualised yield: (dividend value/ bid price as of ex-dividend date) x 12. The annualised dividend yield is calculated based on the dividend distribution on the relevant date with dividend reinvested, and may be higher or lower than the actual annual dividend yield. Dividend may be paid out of capital and will result in capital erosion. The performance and dividend yield of a Class may be affected by many factors such as, where applicable, exchange rate fluctuation, currency hedging costs and interest rate differentiation between different currencies. Therefore, different Classes may have different performance and dividend yield, and the performance and dividend yield of a Class cannot be used to represent the performance and dividend yield of another Class. Investment involves risks. Past performance is not indicative of future performance. Please refer to the offering document for further details including the risk factors. The document has not been reviewed by the Securities and Futures Commission. Issued by HSBC Global Asset Management (Hong Kong) Limited

4 Important information: The Fund invests primarily in emerging markets fixed income securities. The Fund is subject to the risks of investing in emerging markets and non-investment grade bonds are subject to higher risk than investment grade bonds. The Fund may invest up to 30% of its net asset value in securities issued by a single sovereign issuer with a non-investment grade credit rating and is subject to higher concentration risk, sovereign risk and credit risk. For certain classes of the Fund, the Fund may pay dividends out of capital or pay dividends gross of expenses. 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 of the Fund. The Fund may invest in financial derivative instruments for investment purpose and may suffer substantial loss if the relevant issuers default or the relevant instruments cannot be realised or perform badly. The Fund s investments may involve substantial credit/counterparty, downgrading, market, volatility, liquidity, regulatory and political risks. Investors may suffer substantial loss of their investments in the Fund. Unit trusts are NOT equivalent to time deposits. Investors should not invest in the Fund solely based on the information provided in this document and should read the offering document of the Fund for details. This document does not constitute an offering document. HSBC GIF Global Emerging Markets Bond Dividend history (Dividend is not guaranteed and may be paid out of capital) # (ISIN Code: LU ) (ISIN Code: LU ) Month Ex-dividend Date Dividend Amount Bid price as of ex-dividend date Annualised Yield Month Ex-dividend Date Dividend Amount Bid price as of ex-dividend date Annualised Yield Dec Dec-17 AUD AUD % Dec Dec-17 EUR EUR % Nov Nov-17 AUD AUD % Nov Nov-17 EUR EUR % Oct Oct-17 AUD AUD % Oct Oct-17 EUR EUR % Sep Sep-17 AUD AUD % Sep Sep-17 EUR EUR % Aug Aug-17 AUD AUD % Aug Aug-17 EUR EUR % Jul Jul-17 AUD AUD % Jul Jul-17 EUR EUR % Jun Jun-17 AUD AUD % Jun Jun-17 EUR EUR % May May-17 AUD AUD % May May-17 EUR EUR % Apr Apr-17 AUD AUD % Apr Apr-17 EUR EUR % Mar Mar-17 AUD AUD % Mar Mar-17 EUR EUR % Feb Feb-17 AUD AUD % Feb Feb-17 EUR EUR % Jan Jan-17 AUD AUD % Jan Jan-17 EUR EUR % Dec Dec-16 AUD AUD % Dec Dec-16 EUR EUR % Nov Nov-16 AUD AUD % Nov Nov-16 EUR EUR % Oct Oct-16 AUD AUD % Oct Oct-16 EUR EUR % Sep Sep-16 AUD AUD % Sep Sep-16 EUR EUR % Aug Aug-16 AUD AUD % Aug Aug-16 EUR EUR % Jul Jul-16 AUD AUD % Jul Jul-16 EUR EUR % Jun Jun-16 AUD AUD % Jun Jun-16 EUR EUR % May May-16 AUD AUD % May May-16 EUR EUR % Apr Apr-16 AUD AUD % Apr Apr-16 EUR EUR % Mar Mar-16 AUD AUD % Mar Mar-16 EUR EUR % Feb Feb-16 AUD AUD % Feb Feb-16 EUR EUR % Jan Jan-16 AUD AUD % Jan Jan-16 EUR EUR % # Dividend amount is rounded up to four decimal places. Dividend is not guaranteed and will result in reduction in net asset value. A positive distribution yield does not imply a positive return. The calculation method of annualised yield: (dividend value/ bid price as of ex-dividend date) x 12. The annualised dividend yield is calculated based on the dividend distribution on the relevant date with dividend reinvested, and may be higher or lower than the actual annual dividend yield. Dividend may be paid out of capital and will result in capital erosion. The performance and dividend yield of a Class may be affected by many factors such as, where applicable, exchange rate fluctuation, currency hedging costs and interest rate differentiation between different currencies. Therefore, different Classes may have different performance and dividend yield, and the performance and dividend yield of a Class cannot be used to represent the performance and dividend yield of another Class. Investment involves risks. Past performance is not indicative of future performance. Please refer to the offering document for further details including the risk factors. The document has not been reviewed by the Securities and Futures Commission. Issued by HSBC Global Asset Management (Hong Kong) Limited

5 PRODUCT KEY FACTS 產品資料概要 HSBC Global Investment Funds Global Emerging Markets Bond 滙豐環球投資基金 環球新興市場債券 January 年 1 月 This statement provides you with key information about the HSBC Global Investment Funds Global Emerging Markets Bond 本概要提供有關滙豐環球投資基金 - 環球新興市場債券的重要資料 This statement is part of the offering document 本概要是銷售文件的一部分 You should not invest in this product based on this statement alone 投資者切勿單憑本概要作投資決定 Quick facts 基本資料 Fund manager 基金經理 HSBC Investment Funds (Luxembourg) S.A. Investment adviser 投資顧問 HSBC Global Asset Management (USA) Inc. (Internal delegation 內部委託 ) Custodian 保管人 HSBC Bank Plc, Luxembourg Branch Dealing frequency 進行交易 Daily on every dealing day / 每一個交易日 Base currency (reference currency) USD / 美元基本貨幣 ( 參考貨幣 ) Ongoing charges over a year Class AC / AC 類 1.60%^ 過去一年經常性開支比率 Class ACHKD / ACHKD 類 1.60%^ / AM2 類 1.60%^ / AM2HKD 類 1.60%^ / AM3HAUD 類 1.64%^ Class AM3HCAD / AM3HCAD 類 1.66%^^ / AM3HEUR 類 1.64%^ Class AM3HGBP / AM3HGBP 類 1.66%^^ ^^ / PD^^^ 類 1.35%^ Dividend policy 股息政策 Class AC/ACHKD No dividends will be declared or paid; AC/ACHKD 類 將不宣佈或派發股息; / AM2HKD / 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; AM2 / AM2HKD / AM3HAUD / AM3HCAD / AM3HEUR / AM3HGBP 類 按酌情基準每月宣佈, 如獲宣佈, 將會每月派發股息 股息可從相關類別的資本中支付, 可能導致資本被蠶食; Class PD Declared annually on a discretionary basis, and if declared, will be paid annually. PD 類 按酌情基準每年宣佈, 如獲宣佈, 將會每年派發股息 Financial year end 財政年度終結日 31 March / 3 月 31 日 Minimum investment 最低認購額 Class AC / AM2 / PD US$1,000 (initial and subsequent) / AC / AM2 / PD 類 1,000 美元 ( 首次及其後 ) Class ACHKD / AM2HKD HK$10,000 (initial and subsequent) / ACHKD / AM2HKD 類 10,000 港元 ( 首次及其後 ) AUD1,500 (initial and subsequent) / AM3HAUD 類 1,500 澳元 ( 首次及其後 ) Class AM3HCAD CAD1,000 (initial and subsequent) / AM3HCAD 類 1,000 加拿大元 ( 首次及其後 ) EUR850 (initial and subsequent) / AM3HEUR 類 850 歐元 ( 首次及其後 ) Class AM3HGBP GBP650 (initial and subsequent) / AM3HGBP 類 650 英鎊 ( 首次及其後 ) ^ 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. 此數字指截至 2017 年 3 月 31 日可向類別收取的經常性開支總額, 並以類別的平均資產淨值的百分比表示 數字每年均可能有所變動 ^^ 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. 此僅為估計數字 ( 因為類別未成立 ), 指可向類別收取的估計經常性開支總額, 並以類別的估計平均資產淨值的百分比表示 此數字每年均可能有所變動 實際數字可能有別於估計數字 ^^^ Class PD is closed for subscription. PD 類已停止接受認購

6 What is this product? 本基金是甚麼產品? 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. 本附屬基金 ( 基金 ) 所屬的傘子基金以互惠基金形式組成 本基金在盧森堡註冊成立, 在當地由 Commission de Surveillance du Secteur Financier 監管 What are the investment objectives and strategy? 本基金有哪些投資目標及基金策略? Investment Objectives and Strategy 投資目標及策略 : The Fund invests for total return primarily in a diversified portfolio of Investment Grade and Non-Investment Grade rated fixed income (e.g. bonds) and other similar securities either issued by companies which have their registered office in Emerging Markets around the world, primarily denominated in US dollars, or which are issued or guaranteed by governments, government agencies and supranational bodies of Emerging Markets. 本基金主要投資於由在世界各地新興市場設有其註冊辦事處之公司所發行 ( 主要以美元結算 ) 的或由新興市場的政府 政府機構及超國家組織所發行或保證的投資級別及非投資級別固定收益 ( 例如 : 債券 ) 以及其他類似證券組成的多元化投資組合, 旨在取得總回報 The Fund may invest more than 10% and up to 30% of its net assets in securities issued by and / or guaranteed by a single sovereign issuer with a Non-Investment Grade credit rating. This is due to the fact that the Fund s reference benchmark, the JP Morgan Emerging Market Bond Index, may contain sovereign issuers that may have a Non-Investment Grade rating. The Investment Adviser may decide to invest in a specific Non-Investment Grade sovereign issuer and / or to overweight (in relation to the reference benchmark) a particular Non-Investment Grade sovereign issuer. 本基金投資於單一非投資級別主權發行人所發行及 / 或保證的證券可達其淨資產 10% 以上但最多 30% 這是由於本基金的參考基準 JP 摩根新興市場債券指數可能包含非投資級別的主權發行人 投資顧問可決定投資於某特定的非投資級別主權發行人及 / 或側重於 ( 就相關參考基準而言 ) 某一特定的非投資級別主權發行人 The Non-Investment Grade sovereign issuers that the Fund may invest up to 30% of its net assets in include, but are not limited to, Venezuela, Turkey and the Philippines. However, this list may change at any time as a result of: changes in credit ratings, changes in the Fund s benchmark weights, the Investment Adviser s decision to allocate a higher or lower proportion of the Fund s net assets to a particular benchmark constituent and / or market movements. 該等可被本基金投資達其淨資產最多 30% 的非投資級別主權發行人包括但不限於委內瑞拉 土耳其及菲律賓 然而, 此名單可能會基於以下原因而隨時改變:信貸評級改變 本基金的基準比重改變 投資顧問決定對某一特定基準成分股及 / 或市場走勢分配較高或較低的淨資產比例 The Fund may invest up to 10% of its net assets in contingent convertible securities, however this is not expected to exceed 5%. 本基金可將其淨資產最多 10% 投資於或有可轉換證券, 惟預期不會超過 5% The Fund does not intend to use financial derivative instruments extensively for investment purposes. However, the Fund may use financial derivative instruments for hedging purposes and investment purposes. The financial derivative instruments the Fund is permitted to use include, but are not limited to, futures, options, swaps (such as credit default swaps and Total Return Swaps) and foreign exchange forwards (including non-deliverable forwards). Financial derivative instruments may also be embedded in other instruments in which the Fund may invest. 本基金不擬為投資目的而廣泛運用金融衍生工具 然而, 本基金可為對沖及投資目的運用金融衍生工具 本基金獲准使用的金融衍生工具包括但不限於期貨 期權 掉期 ( 例如信貸違約掉期及總回報掉期 ) 及外匯遠期 ( 包括非可交付遠期 ) 金融衍生工具亦可嵌入於本基金可投資的其他工具 The Fund may invest up to 10% of its net assets in Total Return Swaps, however this is not expected to exceed 5%. 本基金可將其淨資產最多 10% 投資於總回報掉期, 惟預期不會超過 5% What are the Key Risks? 本基金有哪些主要風險? Investments involve risks. Please refer to the offering document for details including the risk factors. 投資附帶風險 請參閱銷售文件以便獲取其他資料, 包括風險因素 Investment risk 投資風險 The Fund is an investment fund. There is no guarantee of the repayment of principal. 本基金為投資基金, 並不保證償付投資本金 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. 本基金的投資組合價值可能因下列任何主要風險因素而下跌, 而閣下在本基金的投資亦可能蒙受虧損 Emerging markets risk 新興市場風險 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. 相對投資於較成熟市場, 投資於新興市場須承受較高損失的風險, 包括較高的政治 稅務 經濟 外滙 流動性 結算 託管 市場波動 ( 如利率及價格波動 ) 法律及監管風險 Interest rate risk 利率風險 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. 本基金投資於固定收益工具, 一旦利率變動, 其價值可能會隨之下跌 一般而言, 利率上升時, 固定收益工具的價格會下跌, 而利率下跌時, 其價格則會上升

7 Credit risk 信貸風險 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. 本基金的固定收益證券投資須承受證券發行人的信貸風險 當固定收益證券的發行人違約, 本基金可能須承受相等於該投資價值的損失 Non-investment grade debt/ unrated debt risk 非投資級別債務 / 未評級債務風險 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. 相對投資級別的固定收益證券, 非投資級別及未評級的固定收益證券須承受較低流動性 較高波動性 較高的信貸風險以及較大的本金和利息損失風險 Downgrading Risk 評級下降風險 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. 固定收益證券或其發行人的信貸評級可能其後被下調 如果出現信貸評級下降, 可能會對本基金於該證券的投資價值有負面影響 管理公司 或投資顧問不一定能夠出售被下調評級的證券 Liquidity risk 流動性風險 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. 本基金須承受某特定投資或倉盤因市場深度不足或因市場干擾而未能輕易進行平倉或抵銷的風險 本基金的資產投資於相對欠缺流動性的投資, 會限制本基金在所希望的價格及時間出售其投資的能力 這可能導致本基金虧損 Sovereign debt risk 主權債務風險 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. 本基金投資於由政府發行或擔保的證券, 可能承受政治 社會及經濟風險 在不利情況下, 主權發行人未必能夠或願意在到期應付時償還本金額及 / 或利息或可能要求本基金參與該等債務的重組 當主權債券發行人違約時, 本基金可能蒙受重大損失 Valuation risk 估值風險 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. 本基金的投資的估值或會涉及不明朗因素及判定性的決定 如證實該等估值不正確, 此可能影響本基金的資產淨值 Credit rating risk 信貸評級風險 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. 評級機構給予的信貸評級涉及限制, 並不保證證券及 / 或發行人在所有時候的信用程度 Concentration risk 集中性風險 The Fund s investments are concentrated in emerging markets (e.g. Venezuela, Turkey and the Philippines). The value of the Fund may be more volatile than that of a fund having a more diverse portfolio of investments. 本基金集中投資於新興市場國家 ( 例如委內瑞拉 土耳其及菲律賓 ) 本基金的價值可能比具有更廣泛投資組合的基金更反覆波動 The value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting the emerging markets. 本基金的價值可能較容易受到影響新興市場的不利經濟 政治 政策 外匯 流動性 稅務 法律或監管事件的影響 Derivative instrument risk 衍生工具風險 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. 與金融衍生工具相關的風險包括對手方 / 信貸風險 流動性風險 估值風險 波動性風險及場外交易風險 金融衍生工具包含的槓桿元素 / 部分或會導致產生大為高於本基金投資於金融衍生工具的金額之損失 投資於金融衍生工具可能導致本基金承受產生重大虧損的高風險 Risks relating to hedging and the currency hedged share classes 有關對沖及貨幣對沖股份類別的風險 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. 本基金獲准運用對沖技巧嘗試抵銷市場及貨幣風險, 包括將本基金相關資產計值貨幣與本基金的參考貨幣或本基金主要投資的資產的計值貨幣對沖 於本基金層面進行的對沖交易的成本及於本基金層面進行的對沖將會阻礙股東從非美元貨幣 ( 本基金的相關投資可能以該貨幣計值 ) 相對本基金的參考貨幣之升值中受惠 就貨幣對沖股份類別而言, 本基金旨在對沖參考貨幣與貨幣對沖股份類別的類別貨幣之間的貨幣風險 概不保證能夠獲得預期的對沖工具或對沖技巧將達致預期效果 概不保證任何貨幣對沖策略將可全面及有效地消除本基金的貨

8 幣風險 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. 投資於並不將其相關投資組合的貨幣風險對沖回投資者本身貨幣之貨幣對沖股份類別, 可能導致投資者持有投機性貨幣倉盤, 此等倉盤可能波動, 並可能對股東的回報產生重大影響 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. 投資於貨幣對沖股份類別可能會阻礙股東從本基金的參考貨幣及 / 或本基金的非美元計值相關投資的其他貨幣相對貨幣對沖股份類別的類別貨幣之升值中受惠 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. 對沖交易的成本將反映於相關股份類別的資產淨值 從該等對沖交易產生的任何成本及開支視乎當時的市況而定, 可能金額重大, 將會由相關股份類別承擔 此可能對該等股份類別的投資者所得之回報產生不利影響 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. 貨幣對沖股份類別的分派金額及資產淨值可能受到貨幣對沖股份類別的類別貨幣與本基金的參考貨幣的利率差異的不利影響, 導致從資本撥付的分派金額增加, 進而令資本被侵蝕的程度高於其他非對沖類別 Foreign exchange risk 外滙風險 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. 由於本基金的資產與負債及股份類別可按有別於參考貨幣的貨幣計值, 故此, 外匯管制規例或該參考貨幣兌其他貨幣的匯率變動可能對本基金構成有利或不利的影響 Risks associated with distribution out of capital 與從資本中作出分派相關的風險 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. 就若干股份類別而言, 董事會可在本基金所產生的收益 / 資本收益不足以支付本基金所宣佈的分派時決定從資本中或未扣除開支前撥付股息, 以及有關撥付金額 倘若此項政策有更改, 將會事先尋求證監會的批准, 而受影響的投資者將會收到最少一個月的事先書面通知 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. 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金額 該等分派可能導致本基金的每股資產淨值即時減少

9 How has the Fund performed? 本基金過往的業績表現如何? 滙豐環球投資基金 - 環球新興市場債券 (AM2) The performance of the highlighted years was achieved under circumstances that no longer apply, the investment objective was changed on 21 May 2007, the fee structure was changed on 1 Jan 2011, and the investment objective was changed on 16 Sep PD Class is currently closed for new subscription. 業績在標示的年份之情況已不再適用, 投資目標於 2007 年 5 月 21 日更改 收費架構於 2011 年 1 月 1 日更改, 以及投資目標於 2013 年 9 月 16 日更改 PD 類現已截止接受新認購 Past performance information is not indicative of future performance. Investors may not get back the full amount invested. 過去業績並不代表將來的表現 投資者可能不能取回全部投資金額 The computation basis of the performance is based on the calendar year end, NAV-to-NAV, with dividend reinvested. 業績表現以曆年末的資產淨值作為比較基礎, 股息會滾存再作投資 本基金 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. 數據顯示股份類別於上述曆年的價值升跌 業績數據以美元計算, 包括經常性開支但不包括您可能需支付的認購費用及贖回費用 Where no past performance is shown there was insufficient data available in that year to provide performance. 假如並無顯示過往表現, 則表示該年度並無足夠數據以提供表現 The Fund has formally adopted JP Morgan EMBI Global 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. 本基金已由 2016 年起正式採用摩根環球新興市場債券指數 (JP Morgan EMBI Global) 作為本基金的參考表現基準 所示參考表現基準僅供比較用途, 而本基金不一定依據參考表現基準予以管理 Fund launch date: 04/04/2003 基金成立日期 :04/04/2003 launch date: 05/01/2011 AM2 類成立日期 :05/01/2011 is a share class open for investment by Hong Kong retail investors and denominated in the Fund s reference currency. AM2 類乃開放予香港零售投資者投資及以本基金的參考貨幣計價的股份類別 基準 Is there any guarantee? 本基金有否提供保證? The Fund does not have any guarantees. You may not get back the full amount of money you invest. 本基金並不提供任何保證 閣下未必能全數取回投資本金

10 What are the fees and charges? 本基金涉及哪些費用? Charges which may be payable by you 認購本基金時閣下或須支付的費用 You may have to pay the following fees when dealing in the Fund. 閣下買賣本基金時可能須要支付以下費用 Fees 費用 What you pay 你須支付 Subscription fee 認購費 Up to 5.25% of the offer price* 最高達賣出價的 5.25%* Switching fee 轉換費 1% of the offer price* 賣出價的 1%* Redemption fee 贖回費 Nil* 無 * Ongoing fees payable by the Fund 本基金持續繳付的費用 The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments. 以下收費將從本基金總值中扣除, 閣下的投資回報將會因而減少 Fees 費用 Annual rate (as a % of the Net Asset Value of the Fund) 年率 ( 以本基金資產淨值之 %) Management fee 管理費 Custodian fee 保管費 Administrative fee 行政費 0.35% # Class AC / ACHKD/ AM2 / AM2HKD / AM3HAUD / AM3HCAD / AM3HEUR / AM3HGBP 1.25%; Class PD 1% / AC / ACHKD / AM2 / AM2HKD / AM3HAUD / AM3HCAD / AM3HEUR / AM3HGBP 類 1.25%;PD 類 1% Not applicable, included in Administrative fee 不適用, 已包括在行政費內 Performance fee 表現費 Not applicable 不適用 Other fees 其他收費 You may have to pay other fees and charges when dealing in the Fund. 閣下買賣本基金時可能須要支付其他費用 * 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. 為減輕交易可能對本基金造成的不利影響, 閣下可能在某些情況下承擔額外費用 進一步詳情請參閱銷售文件 # 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 rate for fees relating to the execution of the currency hedging policy is 0.055% per annum of the net asset value of the currency hedged share class. 費用可增至銷售文件所定的最高水平, 但須予最少 1 個月預先通知投資者 進一步詳情請參閱銷售文件 此金額並不包括行政代理有關執行貨幣對沖政策的費用, 該費用將由有關貨幣對沖股份類別承擔 若行政代理收取該等費用, 執行貨幣對沖政策所收取的費用年率為貨幣對沖股份類別資產淨值的 0.055% Additional information 其他資料 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. 一般而言, 閣下認購及贖回本基金股份的價格, 是在中介人於香港時間下午 4 時或之前 ( 即本基金的交易截止時間 ) 收到閣下的完整指示後, 參照本基金資產淨值而釐定的下一個認購價及贖回價 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. 銷售本基金的中介人可能就接受認購 贖回或轉換指示實施較早的截止時間 投資者須注意有關中介人的安排 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). 投資者可瀏覽 以取得向香港投資者發售的其他股份類別的往績表現資料 ( 網頁並未經證監會批閱 ) Investors may obtain information on the intermediaries online at (the website has not been reviewed by the SFC). 投資者可瀏覽 以獲取中介人的資料 ( 網頁並未經證監會批閱 ) 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 本基金的資產淨值及價格均於每個交易日計算及刊登 本基金價格刊登於 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 就每月分派的股份而言, 過去 12 個月的最近期股息之構成 ( 即有關從 (i) 可供分派淨收入及 (ii) 資本撥付的款項 )( 如有 ) 資料可向香港代表索取, 並載於網站

11 Important 重要資料 If you are in doubt, you should seek professional advice. 閣下如有疑問, 請應諮詢專業意見 The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 證監會對本概要的內容並不承擔任何責任, 對其準確性或完整性亦不作出任何陳述 Issued by HSBC Global Asset Management (Hong Kong) Limited 由滙豐環球投資管理 ( 香港 ) 有限公司刊發