Hong Kong Equity ADHKD

Investment Objective: The Fund aims to provide long term capital growth by investing in a portfolio of Hong Kong SAR shares, while promoting environmental, social and governance (ESG) characteristics. The Fund promotes ESG characteristics within the meaning of Article 8 of SFDR. More information on HSBC Global Asset Management’s responsible investing policies is available at www.assetmanagement.hsbc.com/about-us/responsible-investing. Investment Policy: In normal market conditions, the Fund will invest at least 90% of its assets in shares (or securities similar to shares) of companies of any size that are based in or carry out the larger part of their business activities in, Hong Kong SAR. The Fund includes the identification and analysis of a company’s ESG Credentials as an integral part of the investment decision making process to help assess risks and potential returns. ESG credentials may include environmental and social factors, and corporate governance practices. Companies and/or issuers considered for inclusion within the Fund’s portfolio will be subject to excluded activities in accordance with HSBC Asset Management’s Responsible Investment Policies, which may change from time to time. Please refer to the Prospectus for further details on ESG Credentials and excluded activities. ESG credentials, excluded activities and the need for enhanced due diligence may be identified and analysed using both HSBC’s proprietary ESG Materiality Framework as well as research & information provided by financial and non-financial data providers. The Fund may invest up to 20% in China A and China B-shares. For China A-shares, up to 20% through the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect, up to 10% in China A-shares Access Products (CAAPs) and up to 10% in CAAPs issued by any single issuer. The Fund may invest up to 10% of its assets in other funds, up to 10% in Real Estate Investment Trusts (REITs) and may invest in bank deposits and money market instruments for treasury purposes. The Fund may also invest in derivatives and may use them for efficient portfolio management purposes, hedging and cash flow management purposes. Derivatives will not be used extensively for investment purposes. Derivatives may also be embedded in other instruments used by the Fund. The Fund may enter into securities lending transactions for up to 29% of its assets. However, this is not expected to exceed 25%. The reference currency of the Fund is USD. The reference currency of this share class is HKD. The Fund is actively managed and does not track a benchmark. The Fund has an internal or external target to a reference benchmark, FTSE MPF Hong Kong Net. The Investment Advisor will use its discretion to invest in securities not included in the reference benchmark based on active investment management strategies and specific investment opportunities. It is foreseen that a significant percentage of the Fund's investments will be components of the reference benchmark. However, their weightings may deviate materially from those of the reference benchmark. Any deviations with respect to the benchmark are monitored within a comprehensive risk framework, which includes monitoring at security & sector level. The deviation of the Fund’s performance relative to the benchmark is also monitored, but not constrained, to a defined range. The reference benchmark has a high level of concentration. This means that a small number of securities make up a significant proportion of the benchmark. Income is distributed. You may sell your investment on most working days. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within a period of 5 years