HSBC Global Investment Funds Global High Yield Bond

Transcription

1 Important information: The Fund invests primarily in non-investment grade and unrated bonds. 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 may have exposure to emerging markets, non-investment grade bonds, unrated bonds, contingent convertible securities and asset backed securities which are subject to higher risks and volatility. 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 High Yield Bond November 2017 Fund objective and strategy The Fund invests for total return primarily in a diversified portfolio of Non-Investment Grade and unrated fixed income securities issued by companies, agencies or governments from any country, in both developed and Emerging Markets and denominated in or hedged into United States Dollars (USD). On an ancillary basis, the Fund may invest in asset backed securities (limited to a maximum of 10%) and Investment Grade fixed income securities, and have exposure to non-usd currencies including Emerging Markets local currencies (up to a maximum of 20%) to enhance return. Normally, a minimum of 90% of the Fund will be invested in Non-Investment Grade and other higher yielding bonds (including unrated bonds). However, for liquidity management purposes, the Fund may also invest up to 30% in Investment Grade fixed income securities. The Fund will not invest more than 10% of its net assets in securities issued by or guaranteed by any single sovereign issuer with a credit rating below Investment Grade. The Fund may invest up to 15% of its net assets in contingent convertible securities, however this is not expected to exceed 10%. The Fund may gain exposure to higher yielding bonds by investing up to 10% of its net assets in units or shares of UCITS and/or other Eligible UCIs (including other subfunds of HSBC Global Investment Funds) with similar debt securities as that of the Fund. The Fund does not intend to use financial derivative instruments extensively for investment purposes. Product features The Fund invests for total return primarily in a diversified portfolio of Non-Investment Grade and unrated fixed income securities issued by companies, agencies or governments from any country, in both developed and emerging markets The Fund may invest up to 10% in asset backed securities The holdings are mainly denominated in or hedged into US dollar Price Indexed Performance (%) 1 YTD 3 mths 6 mths 1 yr 3 yrs 5 yrs Since Inception Fund (Class AM2) Reference Performance Benchmark MarJunSep 14 MarJunSep 15 MarJunSep 16 MarJunSep 17 MarJunSep Oct Fund (Class AM2) 2 Reference Performance Benchmark 3 Source: Morningstar, Inc. as at 31 October Bid to Bid price with dividend reinvested, in US Dollar Percent Change Calendar year performance (%) 1 Fund (Class AM2) 2 Reference Performance Benchmark 3 Since launch to 31/12/ Fund details Launch date Class AM2 / AM2HKD / AM3HAUD / AM3HEUR Fund size Base currency Bid price Class AM2 Class AM2HKD Class AM3HAUD Class AM3HEUR Fund manager Investment adviser 20 July 2012 USD1, million USD USD HKD AUD EUR Mary Bowers HSBC Global Asset Management (USA) Inc Minimum investment USD1,000 / HKD10,000 / AUD1,500 / EUR850 Initial charge 5.25% Management fee 1.1% per annum Switching charge 1% Dealing ISIN code Class AM2 Class AM2HKD Class AM3HAUD Class AM3HEUR Bloomberg ticker Class AM2 Class AM2HKD Class AM3HAUD Class AM3HEUR Financial Y/E Dividend policy Daily LU LU LU LU HSDUAMU LX HSDUAMH LX HSDBAMA LX HSDBAME LX 31 March Monthly, if any Portfolio characteristics Annualised volatility (3-year) 4.85% Sharpe ratio (3-year) 0.86 Please refer to the offering document for details of other fees. Morningstar, Inc. All Rights Reserved. Morningstar Rating TM as of 31 October Source: HSBC Investment Funds (Hong Kong) Limited as at 31 October Fund change that may have material impact on performance: 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: BofA Merrill Lynch Global High Yield BB-B Constrained Hedged USD. Unless otherwise agreed by the HSBC Investment Funds (Hong Kong) Limited, shares being subscribed in one Dealing Currency cannot be changed into another Dealing Currency of the same class at the investor s request. 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 % United States 53.5 France 4.8 Brazil 4.1 Netherlands 2.7 Germany 2.3 Canada 2.3 United Kingdom 2.1 Luxembourg 2.1 Switzerland 1.9 Others 24.2 Percentage may not total 100 due to rounding. Top 10 holdings % Blue Racer Midstream Llc 6.125% 15/11/22 United States 0.9 Sanchez Energy Corp 6.125% 15/01/23 United States 0.9 Landry s Restaurants Inc 6.75% 15/10/24 United States 0.8 Hudbay Minerals Inc 7.625% 15/01/25 Canada 0.8 Numericable Group Sa 7.375% 01/05/26 France 0.8 Enel Spa 8.75% 24/09/23 Italy 0.7 Sprint Corp 7.875% 15/09/23 United States 0.7 Seminole Hard Rock Entertai 5.875% 15/05/21 United States 0.7 Select Medical Corp 6.375% 01/06/21 United States 0.7 Tenet Healthcare Corp 8.125% 01/04/22 United States 0.7 Dividend history of Class AM2 (Dividend is not guaranteed and may be paid out of capital) # Month Dividend amount Bid price as of ex-dividend date Annualised yield Nov - 16 USD USD % Dec - 16 USD USD % 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 % # 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. Source BofA Merrill Lynch, used with permission. BOFA MERRILL LYNCH IS LICENSING THE BOFA MERRILL LYNCH INDICES AS IS, MAKES NO WARRANTIES REGARDING SAME, DOES NOT GUARANTEE THE SUITABILITY, QUALITY, ACCURACY, TIMELINESS, AND/OR COMPLETENESS OF THE BOFA MERRILL LYNCH INDICES OR ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM, ASSUMES NO LIABILITY IN CONNECTION WITH THEIR USE, AND DOES NOT SPONSOR, ENDORSE, OR RECOMMEND [Company], OR ANY OF ITS PRODUCTS OR SERVICES. 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

3 PRODUCT KEY FACTS HSBC Global Investment Funds Global High Yield Bond July This statement provides you with key information about the HSBC Global Investment Funds Global HighYield 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 Sub-investment adviser Custodian Dealing frequency Base currency (reference currency) ( Ongoing charges over a year HSBC Investment Funds (Luxembourg) S.A. HSBC Global Asset Management (USA) Inc., located in the US (Internal delegation) HSBC Global Asset Management (USA) Inc. HSBC Global Asset Management (France), located in France (Internal delegation) HSBC Global Asset Management (France) HSBC Bank Plc, Luxembourg Branch Daily on every dealing day / USD / Class AM2 / AM2 1.35%^ Class AM3HAUD / AM3HAUD 1.40%^ Class AM3HEUR / AM3HEUR 1.41%^ Class AM2HKD / AM2HKD 1.35%^ Class AM3HCAD / AM3HCAD 1.41%^^ Class AM3HGBP / AM3HGBP 1.41%^^ Dividend policy Class AM2 / 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 / AM HGBP Financial year end 31 March / 3 31 Minimum investment Class AM2 USD1,000 (initial and subsequent) / AM2 1,000 Class AM2HKD HKD10,000 (initial and subsequent) / AM2HKD 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. What is this product? This is a sub-fund (the Fund ) of an umbrella fund, HSBC Global Investment Funds, 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

4 What are the investment objectives and strategy? Investment Objectives and Strategy The Fund invests for total return primarily in a diversified portfolio of Non-Investment Grade and unrated fixed income securities issued by companies, agencies or governments from any country, in both developed and Emerging Markets and denominated in or hedged into United States Dollars (USD). USD USD On an ancillary basis, the Fund may invest in asset backed securities (limited to a maximum of 10%) and Investment Grade fixed income securities, and have exposure to non-usd currencies including Emerging Markets local currencies (up to a maximum of 20%) to enhance return. Normally, a minimum of 90% of the Fund will be invested in Non-Investment Grade and other higher yielding bonds (including unrated bonds). However, for liquidity management purposes, the Fund may also invest up to 30% in Investment Grade fixed income securities. 10% 20% 90% 30% The Fund will not invest more than 10% of its net assets in securities issued by or guaranteed by any single sovereign issuer with a credit rating below Investment Grade. 10% The Fund may invest up to 15% of its net assets in contingent convertible securities, however this is not expected to exceed 10%. 15% 10% The Fund may gain exposure to higher yielding bonds by investing up to 10% of its net assets in units or shares of UCITS and / or other Eligible UCIs (including other sub-funds of HSBC Global Investment Funds) with similar debt securities as that of the Fund. 10% UCITS UCIs 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 other credit derivatives for, inter alia, the purposes of managing interest rate risks and credit risks, currency positioning as well as for investment purposes to enhance return at times when the Investment Adviser believes the investment in financial derivative instruments will assist the Fund in achieving its investment objectives. The Fund may be leveraged through the use of financial derivative instruments. What are the Key Risks? Investment involves 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 may suffer losses. Interest rate risk The Fund s investments in fixed income securities may fall in value if interest rates change. Generally, the prices of fixed income securities decrease 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. 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.

5 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. / Emerging markets risk The Fund may invest in emerging market countries. Exposure to emerging markets involves a greater risk of loss than exposure to 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. 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. 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. 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

6 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.

7 How has the Fund performed? (AM2) 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. Where no past performance is shown there was insufficient data available in that year to provide performance. The Fund has formally adopted BofA Merrill Lynch Global High Yield BB-B Constrained 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 BB-B BofA Merrill Lynch Global High Yield BB-B Constrained Hedged USD Fund launch date: 20/07/ /07/2012 Class AM2 launch date: 23/07/2012 AM2 23/07/2012 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.

8 What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the Fund. Fees What you pay Subscription fee Up to 5.25% of the offer price* 5.25%* 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 1.10% Custodian fee Administrative fee 0.25% # Performance fee Annual rate (as a % of the Net Asset Value of the Fund) % Not applicable, included in Administrative 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 also 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 4:00 pm (HK Time), being the 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)

9 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

10 Important information: The Fund invests primarily in non-investment grade and unrated bonds. 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 may have exposure to emerging markets, non-investment grade bonds, unrated bonds, contingent convertible securities and asset backed securities which are subject to higher risks and volatility. 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 High Yield Bond Dividend history (Dividend is not guaranteed and may be paid out of capital) # Class AM2 (ISIN Code: LU ) Month Ex-dividend Date Dividend Amount Bid price as of ex-dividend date Annualised yield Class AM2HKD (ISIN Code: LU ) Month Ex-dividend Date Dividend Amount Bid price as of ex-dividend date Annualised yield 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 % Dec Dec-15 USD USD % Dec Dec-15 HKD HKD % Nov Nov-15 USD USD % Nov Nov-15 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

11 Important information: The Fund invests primarily in non-investment grade and unrated bonds. 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 may have exposure to emerging markets, non-investment grade bonds, unrated bonds, contingent convertible securities and asset backed securities which are subject to higher risks and volatility. 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 High Yield Bond Dividend history (Dividend is not guaranteed and may be paid out of capital) # Class AM3HAUD (ISIN Code: LU ) Month Ex-dividend Date Dividend Amount Bid price as of ex-dividend date Annualised yield Class AM3HEUR (ISIN Code: LU ) Month Ex-dividend Date Dividend Amount Bid price as of ex-dividend date Annualised yield 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 % Dec Dec-15 AUD AUD % Dec Dec-15 EUR EUR % Nov Nov-15 AUD AUD % Nov Nov-15 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