Important information: The Fund invests primarily in United States dollar short term deposits and debt securities. The Fund s investments may involve credit and counterparty risks. The purchase of the units of the Fund is not the same as placing funds on deposit with a bank or deposit taking company. The Fund has no obligation to redeem units at their offering value and the Fund is not subject to the supervision of the Hong Kong Monetary Authority. Investors may not recoup the original amount invested 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 Money Funds US Dollar Fund objective and strategy The Fund aims to preserve capital and provide daily liquidity together with an investment return that is comparable to US sovereign money market rate in the base currency of the Fund. However, preservation of capital is not guaranteed. The Managers may only invest in short-term deposit and other money market instruments. At least 70% of the Fund s net asset value will be invested in US dollar-denominated short-term deposits and money market instruments issued by governments, quasi-governments, international organizations, financial institutions and other corporations. Performance (%) YTD 3 mths 6 mths 1 yr 3 yrs 5 yrs Since Inception Fund () 0.2 0.3 0.5 0.8 0.9 0.7 97.6 12 Month Yield 3 2 1 0-1 -2-3 Jun 14 Jun 15 Jun 16 Jun 17 Jun 18 Feb Fund () Source: Morningstar, Inc. as at 28 February 2018. NAV to NAV price with dividend reinvested, in US Dollar. Portfolio composition Calendar year performance (%) Fund () 2013-0.1 2014-0.2 2015-0.1 2016 0.1 2017 0.7 Asset allocation % Treasury Bill 53.0 Corporate Bond 23.7 Commercial Paper 12.0 Time Deposit 6.6 Certificate of Deposit 4.7 Percentage may not total 100 due to rounding. Fund details Launch date 1 March 1991 Fund size Base currency Bid price Fund manager USD203.52 million USD USD1.989 Joevin Teo Investment adviser HSBC Global Asset Management (Hong Kong) Limited Minimum investment USD1,000 Initial charge 0% Management fee up to 0.25% per annum Switching charge 0% Dealing Daily ISIN code KYG4641H1103 Bloomberg ticker Financial Y/E Dividend policy March 2018 HSBGMUI KY 31 July No distribution Portfolio characteristics Annualised volatility (3-year) 0.13% Sharpe ratio (3-year) -7.26 Top 10 holdings % Treasury Bill 0% 19/04/2018 11.3 Treasury Bill 0% 08/03/18 10.3 Treasury Bill 0% 26/04/2018 8.8 Treasury Bill 0% 29/03/2018 8.4 Treasury Bill 0% 12/04/18 7.4 Treasury Bill 0% 1/03/2018 6.8 Nordea Bank Ab 1.625% 15/05/18 2.2 Siemens Financieringsmat 1.5% 12/03/18 1.7 Cooperat Rabobank Ua/Ny 1.7% 19/03/18 1.5 Inter-American Devel Bk 0.875% 15/03/18 1.5 Please refer to the offering document for details of other fees. Source: HSBC Investment Funds (Hong Kong) Limited as at 28 February 2018. 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. www.assetmanagement.hsbc.com/hk Issued by HSBC Global Asset Management (Hong Kong) Limited
PRODUCT KEY FACTS 產品資料概要 HSBC Global Money Funds US Dollar 滙豐環球貨幣基金 美元 July 2017 2017 年 7 月 This statement provides you with key information about the HSBC Global Money Funds US Dollar 本概要提供有關滙豐環球貨幣基金 美元的重要資料 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 (Hong Kong ) Limited / 滙豐投資基金 ( 香港 ) 有限公司 Investment adviser 投資顧問 HSBC Global Asset Management (Hong Kong) Limited (Hong Kong, Internal delegation) / 滙豐環球投資管理 ( 香港 ) 有限公司 ( 香港, 內部委託 ) Trustee 受託人 HSBC Trustee (Cayman) Limited Dealing frequency 進行交易 Daily on every dealing day / 每一個交易日 Base currency 貨幣 USD / 美元 Ongoing charges over a year^ / A 類 0.22% 過去一年經常性開支比率 ^ Dividend policy 股息政策 No distribution / A 類 不獲分派 Financial year end 財政年度終結日 31 July / 7 月 31 日 Minimum investment 最低認購額 US$1,000 / A 類 1,000 美元 ^ The figure is based on the annualized ongoing expenses chargeable to the class in accordance with the interim financial statement for the 6-month period ended 31 January 2017 and is expressed as a percentage of the average net asset value of such class over the same period. This figure may vary from year to year. 此數字乃根據截至 2017 年 1 月 31 日止六個月的中期財務報表可向類別收取的年率化經常性開支, 並以佔該類別同期的平均資產淨值的百分比表示 此數字每年均可能有所變動 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 unit trust. The Fund is a money market fund. The purchase of a unit in the Fund is not the same as placing funds on deposit with a bank or deposit taking company. The Fund manager has no obligation to redeem units at their offering value and the Fund is not subject to the supervision of the Hong Kong Monetary Authority. 本附屬基金 ( 基金 ) 所屬的傘子基金以單位信託形式組成 本基金為貨幣市場基金 購買本基金之單位並不等同將資金存放於銀行或接受存款公司, 而基金經理沒有責任按銷售價贖回單位, 同時本基金亦不受香港金融管理局的監督 What are the investment objectives and strategy? 本基金有哪些投資目標及基金策略? Objective and strategy 目標及策略 : The Fund aims to preserve capital and provide daily liquidity together with an investment return that is comparable to US sovereign money market rate in the base currency of the Fund. However, preservation of capital is not guaranteed. The Fund manager may only invest in short-term deposit and other money market instruments. 本基金旨在保本並提供每日流動性, 以及帶來與美元主權貨幣市場利率相若的投資回報 ( 以本基金的基本貨幣計值 ) 然而, 保本並非保證 基金經理可能只投資於短期存款及其他貨幣市場工具 At least 70% of the Fund s net asset value will be invested in US dollar-denominated short-term deposits and money market instruments issued by governments, quasi-governments, international organizations, financial institutions and other corporations. 本基金將資產淨值至少 70% 投資於由政府 半政府 國際組織 金融機構及其他公司發行的美元計值短期存款及貨幣市場工具
The Fund manager s policy for the Fund is to use the interbank wholesale money market for short-term deposits for periods usually not exceeding 12 months and invest in monetary instruments, such as treasury bills, bills of exchange, commercial papers, certificates of deposit or interbank deposits, to achieve the Fund s investment objective. The Fund should not purchase any instruments with a remaining maturity of more than 364 days, or two years in the case of government and other public securities. The average life to maturity of the Fund will be less than 90 days. 基金經理就本基金的政策是使用銀行間批發貨幣市場作短期存款之用, 存款期通常不超過 12 個月, 並投資貨幣工具, 例如國庫券 匯票 商業票據 存款證或同業存款, 以達致本基金的投資目標 本基金不應購買任何剩餘期限超過 364 天的工具, 或剩餘期限超過兩年的政府及其他上市證券 本基金持有的金融工具的平均到期日數將少於 90 天 It is also the Fund manager s policy to spread the range of investments among a wide variety of banking and other institutions with a credit ratings at least A-1 or P-1 (or its equivalent) from Standard & Poor s or Moody s or a recognised credit rating agency at time of purchase, and to ensure that the aggregate value of the Fund s holding of deposits and money market instruments issued by a single issuer may not exceed 10% of the total net asset value of the Fund except, (1) where the issuer is a bank authorised under the Banking Ordinance or any other substantial financial institution and the total amount so invested does not exceed 10 per cent. of the issuer s issued capital and published reserves, the limit may be increased to 25 per cent.; or (2) in the case of government and other public securities, up to 30 per cent may be invested in the same issue; or (3) in respect of any deposit of less than US$1 million (or the equivalent in the currency of the Fund) where the Fund cannot otherwise diversify as a result of its size. 此外, 基金經理的政策亦把投資範圍涵蓋廣泛的銀行及其他機構 ( 而購買當時的信貸評級至少達標準普爾或穆迪或其他認可信貸評級機構的 A- 1 或 P-1 級 ( 或同等評級 )), 並確保本基金持有的由單一發行人發行的存款及貨幣市場工具總值不得超過本基金資產淨值總額的 10%, 惟屬以下情況則除外: (1) 倘若發行人為根據銀行業條例獲認可的銀行或任何其他重大金融機構, 以及所投資的總金額不超過發行人的已發行資本及已公布儲備的 10%, 則該限額可增至 25% ;或 (2) 就政府及其他上市證券而言, 最多 30% 可投資於同批發行;或 (3) 就任何存款少於 100 萬美元 ( 或以本基金貨幣計值的等值金額 ) 而言, 本基金因其規模而無法作出分散投資 It is not the Fund manager's policy to hedge the currency of the Fund to override the effects of exchange rate volatility. 基金經理的政策是不會對沖本基金的貨幣以抵消匯率波動的影響 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 the any of the key risk factors below and therefore your investment in the Fund may suffer loss. 本基金的投資組合價值有機會因下列任何主要風險因素而下跌, 而閣下的投資亦可能蒙受虧損 Concentration risk 集中風險 The Fund s investments are concentrated in US dollar-denominated short-term deposits and money market instruments (which are one kind of fixed income instruments and debt securities or instruments). The value of the Fund may be more volatile than that of a fund having a more diverse portfolio of investments. 本基金的投資集中於以美元計值的短期存款及貨幣市場工具 ( 為一種固定收益工具及債務證券或工具 ) 相比具有更多元化投資組合的基金, 本基金的價值可能會較為波動 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, 利率下跌時, 固定收益工具的價格會上升, 而利率上升時, 其價格則會下跌 Risk of money market funds 貨幣市場基金的風險 The purchase of the units of the Fund is not the same as placing funds on deposit with a bank or deposit taking company. The Fund manager has no obligation to redeem units at their offering value and the Fund is not subject to the supervision of the Hong Kong Monetary Authority Investors may not recoup the original amount invested in the Fund. 購買本基金之單位並等同將資金存放於銀行或接受存款公司, 而基金經理並沒有責任按銷售價贖回單位, 同時本基亦受香港融管理局的監督 投資者未必可取回其最初投資於本基金的金額 Credit and counterparty risks 信貸及對手方風險 The Fund s investments are subject to the credit and counterparty risks of the deposits and debt securities held by the Fund. When the issuer of an investment defaults, the Fund may suffer a loss amounting to the value of such investment. 本基之投資涉及所持有的存款及債務證券之信貸及對手方風險 當發行人違約, 基金可能須承受相等於該投資價值的損失
Volatility and Liquidity risk 波動性及流動性風險 The debt instruments in which the Fund invests may not be traded on a stock exchange or an active secondary market. The prices of securities traded in such markets may be subject to fluctuations. The Fund is therefore subject to liquidity risks. The bid and offer spreads of the price of such securities may be large, so the Fund may incur significant trading costs and may suffer losses accordingly. 本基金所投資的債務工具可能並無在證券交易所或活躍的第二市場進行交易 在該等市場進行交易的證券價格可能出現波動 本基金因而承受流動性風險 該等證券的買賣差價可能高, 因此本基金可能產生重大的交易成本, 並可能因此蒙受虧損 Downgrading risk 評級調低風險 Debt securities may be subject to the risk of being downgraded (i.e. lowering of credit rating assigned to the securities). In the event of downgrading in the credit ratings of a security or an issuer relating to a security, the Fund s investment value in such security may be adversely affected. The Fund manager may or may not be able to dispose of the securities that are being downgraded. 債務證券可能須承受被調低級別的風險 ( 即證券被給予較低的信貸評級 ) 倘若某證券或有關某證券的發行人之信貸評級被調低, 則本基金於該證券的投資價值可能受到不利影響 基金經理不一定能夠出售評級被調低的證券 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面臨政治 社會及經濟風險 在不利狀況下, 主權發行人未必能夠或願意在到期應付時償還本金及 或利息, 或可能要求本基金參與重組有關債務 倘主權債務發行人發生違約, 本基金可能遭受重大損失 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, the net asset value of the Fund may be adversely affected. 本基金的投資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, 本基金的資產淨值可能會受到不利影響 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存在局限性, 且並不時刻保證該證券及 / 或發行人的信貸可信性 Early termination risk 提早結束風險 The Fund may be liquidated on the occurrence of certain events specified in the offering document. Upon liquidation, all the assets of the Fund will be realized and the net proceeds thereof which are available for distribution will be distributed to its holders in proportion to their holdings. Investors should note that the amount distributed to them may be less than the amount of their initial investment. 如出現在銷售文件中所述的某些情況, 本基金可能會被終止 當本基金被終止, 所有本基金的資產會被出售及會按持有人持有本基金的比例就可供分派的淨收入作出分派 投資者須注意獲分派的金額或會少於最初投資額
How has the Fund performed? 本基金過往的業績表現如何? 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 These figures show by how much the class of units 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. 數據顯示單位類別於上述曆年的價值升跌 業績數據以美元計算, 包括持續性開支但不包括您可能需支付的認購費用及贖回費用 Fund launch date: 01/03/1991 基金成立日期 :01/03/1991 launch date: 01/03/1991 A 類成立日期 :01/03/1991 Is there any guarantee? 本基金有否提供保證? This 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
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 0% # Switching fee 轉換費 Redemption fee 贖回費 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 Currently up to 0.25%* / 目前不超過 0.25%* Trustee fee 受託人費用 Currently 0.05% # / 目前為 0.05% # Administrative fee 行政費 Performance fee 表現費 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 # 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 investors. 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 * The fees and charges may be increased up to maximum level as specified in the offering document by giving at least three months prior notice to investors. 費用可增至銷售文件所定的最高水平, 但須予最少 3 個月預先通知投資者 Additional information 其他資料 You generally buy and redeem units 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 4:00 p.m. (HK Time), being the Fund s dealing cut-off time. 一般而言, 閣下認購及贖回基金單位的價格, 是在中介人於香港時間下午 4 時或之前 ( 即基金的交易截止時間 ) 收到閣下的完整指示後, 參照基金資產淨值而釐定的下一個認購及贖回價 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 贖回及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 information on the intermediaries online at www.assetmanagement.hsbc.com/hk (the website has not been reviewed by the SFC). 投資者可瀏覽 www.assetmanagement.hsbc.com/hk 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 www.assetmanagement.hsbc.com/hk (the website has not been reviewed by the SFC). 基金的資產淨值及價格均於每個交易日計算及刊登 基金價格刊登於 www.assetmanagement.hsbc.com/hk ( 網頁並未經證監會批閱 ) 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
Important information: The Fund invests primarily in Hong Kong dollar short term deposits and debt securities. The Fund s investments may involve credit and counterparty risks. The purchase of the units of the Fund is not the same as placing funds on deposit with a bank or deposit taking company. The Fund has no obligation to redeem units at their offering value and the Fund is not subject to the supervision of the Hong Kong Monetary Authority. Investors may not recoup the original amount invested 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 Money Funds Hong Kong Dollar Fund objective and strategy The Fund aims to preserve capital and provide daily liquidity together with an investment return that is comparable to normal money market rate in the base currency of the Fund. However, preservation of capital is not guaranteed. The Managers may only invest in short-term deposit and other money market instruments. At least 70% of the Fund s net asset value will be invested in Hong Kong dollar-denominated short-term deposits and money market instruments issued by governments, quasi-governments, international organizations, financial institutions and other corporations. Performance (%) YTD 3 mths 6 mths 1 yr 3 yrs 5 yrs Since Inception Fund () 0.1 0.1 0.2 0.4 0.7 1.1 107.6 12 Month Yield 5 4 3 2 1 0-1 Jun 14 Jun 15 Jun 16 Jun 17 Jun 18 Feb Fund () Source: Morningstar, Inc. as at 28 February 2018. NAV to NAV price with dividend reinvested, in HK Dollar. Portfolio composition Calendar year performance (%) Fund () 2013 0.1 2014 0.3 2015 0.2 2016 0.2 2017 0.3 Asset allocation % Time Deposit 59.0 Certificate of Deposit 23.1 Treasury Bill 13.9 Commercial Paper 4.0 Percentage may not total 100 due to rounding. Top 10 holdings % Hong Kong T-Bills 0% 04/04/18 6.2 Hong Kong T-Bills 0% 28/03/18 4.9 Bnp Paribas/Hong Kong 0% 12/03/18 3.5 Hong Kong T-Bills 0% 11/04/18 2.9 Ind & Comm Bk Chn/Sydney 0% 10/04/18 1.8 The Toronto-Dominion Bank London Cd 0% % 02/03/18 1.5 ICBC Asia Ltd 0% 15/03/18 1.5 Agricultural Bank of China Limited/ Hk Branch 0% 22/03/18 1.5 Dz Bank Ag 0% 17/04/18 1.5 China Development Bk/Hk 0% 05/07/18 1.5 Fund details Launch date 1 March 1991 Fund size Base currency Bid price Fund manager HKD4,503.80 million HKD HKD20.759 Gordon Rodrigues Investment adviser HSBC Global Asset Management (Hong Kong) Limited Minimum investment HKD50,000 Initial charge 0% Management fee up to 0.25% per annum Switching charge 0% Dealing Daily ISIN code KYG4641H1285 Bloomberg ticker Financial Y/E Dividend policy March 2018 HSBGMHI KY 31 July No distribution Portfolio characteristics Annualised volatility (3-year) 0.04% Sharpe ratio (3-year) -0.75 Please refer to the offering document for details of other fees. Source: HSBC Investment Funds (Hong Kong) Limited as at 28 February 2018. 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. www.assetmanagement.hsbc.com/hk Issued by HSBC Global Asset Management (Hong Kong) Limited
PRODUCT KEY FACTS 產品資料概要 HSBC Global Money Funds Hong Kong Dollar 滙豐環球貨幣基金 港元 July 2017 2017 年 7 月 This statement provides you with key information about the HSBC Global Money Funds Hong Kong Dollar 本概要提供有關滙豐環球貨幣基金 港元的重要資料 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 (Hong Kong ) Limited / 滙豐投資基金 ( 香港 ) 有限公司 Investment adviser 投資顧問 HSBC Global Asset Management (Hong Kong) Limited (Hong Kong, Internal delegation) / 滙豐環球投資管理 ( 香港 ) 有限公司 ( 香港, 內部委託 ) Trustee 受託人 HSBC Trustee (Cayman) Limited Dealing frequency 進行交易 Daily on every dealing day / 每一個交易日 Base currency 貨幣 HKD / 港元 Ongoing charges over a year^ / A 類 0.22% 過去一年經常性開支比率 ^ Dividend policy 股息政策 No distribution / A 類 不獲分派 Financial year end 財政年度終結日 31 July / 7 月 31 日 Minimum investment 最低認購額 HK$50,000 initial, HK10,000 additioinal / A 類 首次 50,000 港元, 其後每次 10,000 港元 ^ The figure is based on the annualized ongoing expenses chargeable to the class in accordance with the interim financial statement for the 6-month period ended 31 January 2017 and is expressed as a percentage of the average net asset value of such class over the same period. This figure may vary from year to year. 此數字乃根據截至 2017 年 1 月 31 日止六個月的中期財務報表可向類別收取的年率化經常性開支, 並以佔該類別同期的平均資產淨值的百分比表示 此數字每年均可能有所變動 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 unit trust. The Fund is a money market fund. The purchase of a unit in the Fund is not the same as placing funds on deposit with a bank or deposit taking company. The Fund manager has no obligation to redeem units at their offering value and the Fund is not subject to the supervision of the Hong Kong Monetary Authority. 本附屬基金 ( 基金 ) 所屬的傘子基金以單位信託形式組成 本基金是貨幣市場基金 購買本基金之單位並不等同將資金存放於銀行或接受存款公司, 而基金經理沒有責任按銷售價贖回單位, 同時本基金亦不受香港金融管理局的監督 What are the investment objectives and strategy? 本基金有哪些投資目標及基金策略? Objective and strategy 目標及策略 : The Fund aims to preserve capital and provide daily liquidity together with an investment return that is comparable to normal money market rate in the base currency of the Fund. However, preservation of capital is not guaranteed. The Fund manager may only invest in short-term deposit and other money market instruments. 本基金旨在保本並提供每日流動性, 以及帶來與一般貨幣市場利率相若的投資回報 ( 以本基金的基本貨幣計值 ) 然而, 保本並非保證 基金經理可能只投資於短期存款及其他貨幣市場工具 At least 70% of the Fund s net asset value will be invested in Hong Kong dollar-denominated short-term deposits and money market instruments issued by governments, quasi-governments, international organizations, financial institutions and other corporations. 本基金將資產淨值至少 70% 投資於由政府 半政府 國際組織 金融機構及其他公司發行的港元計值短期存款及貨幣市場工具
The Fund manager's policy for the Fund is to use the interbank wholesale money market for short-term deposits for periods usually not exceeding 12 months and invest in monetary instruments, such as treasury bills, bills of exchange, commercial papers, certificates of deposit or interbank deposits, to achieve the Fund s investment objective. The Fund should not purchase any instruments with a remaining maturity of more than 364 days, or two years in the case of government and other public securities. The average life to maturity of the Fund will be less than 90 days. 基金經理就本基金的政策是使用銀行間批發貨幣市場作短期存款之用, 存款期通常不超過 12 個月, 並投資貨幣工具, 例如國庫券 匯票 商業票據 存款證或同業存款, 以達致本基金的投資目標 本基金不應購買任何剩餘期限超過 364 天的工具, 或剩餘期限超過兩年的政府及其他上市證券 本基金持有的金融工具的平均到期日數將少於 90 天 It is also the Fund manager's policy to spread the range of investments among a wide variety of banking and other institutions with a credit ratings at least A-1 or P-1 (or its equivalent) from Standard & Poor s or Moody s or a recognised credit rating agency at time of purchase, and to ensure that the aggregate value of the Fund s holding of deposits and money market instruments issued by a single issuer may not exceed 10% of the total net asset value of the Fund except, (1) where the issuer is a bank authorised under the Banking Ordinance or any other substantial financial institution and the total amount so invested does not exceed 10 per cent. of the issuer s issued capital and published reserves, the limit may be increased to 25 per cent.; or (2) in the case of government and other public securities, up to 30 per cent. may be invested in the same issue; or (3) in respect of any deposit of less than US$1 million (or the equivalent in the currency of the Fund) where the Fund cannot otherwise diversify as a result of its size. 此外, 基金經理的政策亦把投資範圍涵蓋廣泛的銀行及其他機構 ( 而購買當時的信貸評級至少達標準普爾或穆迪或其他認可信貸評級機構的 A- 1 或 P-1 級 ( 或同等評級 )), 並確保本基金持有的由單一發行人發行的存款及貨幣市場工具總值不得超過本基金資產淨值總額的 10%, 惟屬以下情況則除外: (1) 倘若發行人為根據銀行業條例獲認可的銀行或任何其他重大金融機構, 以及所投資的總金額不超過發行人的已發行資本及已公布儲備的 10%, 則該限額可增至 25% ;或 (2) 就政府及其他上市證券而言, 最多 30% 可投資於同批發行;或 (3) 就任何存款少於 100 萬美元 ( 或以本基金貨幣計值的等值金額 ) 而言, 本基金因其規模而無法作出分散投資 It is not the Fund manager's policy to hedge the currency of the Fund to override the effects of exchange rate volatility. 基金經理的政策是不會對沖本基金的貨幣以抵消匯率波動的影響
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 the any of the key risk factors below and therefore your investment in the Fund may suffer loss. 本基金的投資組合價值有機會因下列任何主要風險因素而下跌, 而閣下的投資亦可能蒙受虧損 Concentration risk 集中風險 The Fund s investments are concentrated in Hong Kong dollar-denominated short-term deposits and money market instruments (which are one kind of fixed income instruments and debt securities or instruments). The value of the Fund may be more volatile than that of a fund having a more diverse portfolio of investments. 本基金的投資集中於以港元計值的短期存款及貨幣市場工具 ( 為一種固定收益工具及債務證券或工具 ) 相比具有更多元化投資組合的基金, 本基金的價值可能會較為波動 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, 利率下跌時, 固定收益工具的價格會上升, 而利率上升時, 其價格則會下跌 Risk of money market funds 貨幣市場基金的風險 The purchase of the units of the Fund is not the same as placing funds on deposit with a bank or deposit taking company. The Fund manager has no obligation to redeem units at their offering value and the Fund is not subject to the supervision of the Hong Kong Monetary Authority. Investors may not recoup the original amount invested in the Fund. 購買本基金之單位並等同將資金存放於銀行或接受存款公司, 而基金經理並沒有責任按銷售價贖回單位, 同時本基亦受香港融管理局的監督 投資者未必可取回其最初投資於本基金的金額 Credit and counterparty risks 信貸及對手方風險 The Fund s investments are subject to the credit and counterparty risks of the deposits and debt securities held by the Fund. When the issuer of an investment defaults, the Fund may suffer a loss amounting to the value of such investment. 本基之投資涉及所持有的存款及債務證券之信貸及對手方風險 當發行人違約, 基金可能須承受相等於該投資價值的損失 Volatility and Liquidity risk 波動性及流動性風險 The debt instruments in which the Fund invests may not be traded on a stock exchange or an active secondary market. The prices of securities traded in such markets may be subject to fluctuations. The Fund is therefore subject to liquidity risks. The bid and offer spreads of the price of such securities may be large, so the Fund may incur significant trading costs and may suffer losses accordingly. 本基金所投資的債務工具可能並無在證券交易所或活躍的第二市場進行交易 在該等市場進行交易的證券價格可能出現波動 本基金因而承受流動性風險 該等證券的買賣差價可能高, 因此本基金可能產生重大的交易成本, 並可能因此蒙受虧損 Downgrading risk 評級調低風險 Debt securities may be subject to the risk of being downgraded (i.e. lowering of credit rating assigned to the securities). In the event of downgrading in the credit ratings of a security or an issuer relating to a security, the Fund s investment value in such security may be adversely affected. The Fund manager may or may not be able to dispose of the securities that are being downgraded. 債務證券可能須承受被調低級別的風險 ( 即證券被給予較低的信貸評級 ) 倘若某證券或有關某證券的發行人之信貸評級被調低, 則本基金於該證券的投資價值可能受到不利影響 基金經理不一定能夠出售評級被調低的證券 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面臨政治 社會及經濟風險 在不利狀況下, 主權發行人未必能夠或願意在到期應付時償還本金及 或利息, 或可能要求本基金參與重組有關債務 倘主權債務發行人發生違約, 本基金可能遭受重大損失 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, the net asset value of the Fund may be adversely affected. 本基金的投資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, 本基金的資產淨值可能會受到不利影響 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存在局限性, 且並不時刻保證該證券及 / 或發行人的信貸可信性
Early termination risk 提早結束風險 The Fund may be liquidated on the occurrence of certain events specified in the offering document. Upon liquidation, all the assets of the Fund will be realized and the net proceeds thereof which are available for distribution will be distributed to its holders in proportion to their holdings. Investors should note that the amount distributed to them may be less than the amount of their initial investment. 如出現在銷售文件中所述的某些情況, 本基金可能會被終止 當本基金被終止, 所有本基金的資產會被出售及會按持有人持有本基金的比例就可供分派的淨收入作出分派 投資者須注意獲分派的金額或會少於最初投資額
How has the Fund performed? 本基金過往的業績表現如何? 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 These figures show by how much the class of units increased or decreased in value during the calendar year being shown. Performance data has been calculated in HKD including ongoing charges and excluding subscription fee and redemption fee you might have to pay. 數據顯示單位類別於上述曆年的價值升跌 業績數據以港元計算, 包括持續性開支但不包括您可能需支付的認購費用及贖回費用 Fund launch date: 01/03/1991 基金成立日期 :01/03/1991 launch date: 01/03/1991 A 類成立日期 :01/03/1991 Is there any guarantee? 本基金有否提供保證? This 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
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 Subscription fee 認購費 0% # Switching fee 轉換費 Redemption fee 贖回費 What you pay 你須支付 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 ( 本基金資產淨值之 %) Management fee 管理費 Currently up to 0.25%* / 目前不超過 0.25%* Trustee fee 受託人費用 Currently 0.05% # / 目前為 0.05% # Administrative fee 行政費 Performance fee 表現費 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 # 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 investors. 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 * The fees and charges may be increased up to maximum level as specified in the offering document by giving at least three months prior notice to investors. 費用可增至銷售文件所定的最高水平, 但須予最少 3 個月預先通知投資者 Additional information 其他資料 You generally buy and redeem units 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 11:00 a.m. (HK Time), being the Fund s dealing cut-off time. 一般而言, 閣下認購及贖回基金單位的價格, 是在中介人於香港時間上午 11 時或之前 ( 即基金的交易截止時間 ) 收到閣下的完整指示後, 參照基金資產淨值而釐定的下一個認購及贖回價 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 贖回及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 information on the intermediaries online at www.assetmanagement.hsbc.com/hk (the website has not been reviewed by the SFC). 投資者可瀏覽 www.assetmanagement.hsbc.com/hk 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 www.assetmanagement.hsbc.com/hk (the website has not been reviewed by the SFC). 基金的資產淨值及價格均於每個交易日計算及刊登 基金價格刊登於 www.assetmanagement.hsbc.com/hk ( 網頁並未經證監會批閱 ) 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