Defensive Plays

• The HSBC GIF Global Equity Volatility Focused Fund takes a defensive, multi-factor approach that aims to maximise risk-adjusted returns whilst reducing portfolio volatility & drawdowns
• There is a strong case for a defensive allocation to equities in periods of turbulence. Properly built defensive strategies can achieve risk reduction without sacrificing long-term return
• As of 31 March 2023, the sub-fund’s annualised dividend yields for Share Class AM2 is 2.66 per cent 

Source: HSBC Asset Management, as of 31 March 2023. As disclosed in the sub-fund’s prospectus and product highlight sheet, the sub-fund may pay dividends out of capital and/or from income gross of expenses, and the dividend is not guaranteed with amount and payment frequency determined at the Manager’s discretion. Dividend paid from capital may result in capital erosion and reduction in net asset value. The sub-fund may invest in financial derivative instruments for investment purpose which may lead to higher volatility to its net asset value. A positive distribution yield does not imply a positive return. Past distribution yields and payments do not represent future distribution yields and payments. Historical payments may be comprised of both distributed income and capital. The calculation method of annualised yield: ((1+ (dividend amount/ ex-dividend NAV))^12) – 1. The annualized 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.

The sub-fund was incepted on 26 June 2014 and changed from a defensive, fundamental approach to a defensive, multi-factor approach on 26 May 2021. HSBC Asset Management, data as at 31 March 2023

For the Share Class AM2, the proportion of dividend paid out of distributed income was 83.71 per cent and the proportion paid out of capital was 16.29 per cent . The annualized volatility for the Share Class AM2 was 16.50 per cent as of 31 March 2023.

View the Fund’s dividend distribution record.

Performance is annualised when calculation period is over one year. Past performance does not predict future returns.
Fund return: NAV-to-NAV basis. For comparison with benchmark
^*Share class denoted with “(Net)”refers to fund return net of maximum initial charge (SG) on a single pricing (NAV)
basis. No redemption charge is levied.
Source: HSBC Asset Management, data as at 31 March 2023

• The HSBC GIF Asia Pacific ex Japan Equity High Dividend is a high conviction fund driven by a concentrated portfolio with high active share
• The Fund aims to provide capital growth and income by investing in a portfolio of Asia-Pacific (excluding Japan) shares, while promoting environmental, social and governance (ESG) characteristics under SFDR Article 8
• As of 31 March 2023, the sub-fund’s annualised dividend yields for Share Class AM2 is 4.55 per cent

Source: HSBC Asset Management, as of 31 March 2023. As disclosed in the sub-fund’s prospectus and product highlight sheet, the sub-fund may pay dividends out of capital and/or from income gross of expenses, and the dividend is not guaranteed with amount and payment frequency determined at the Manager’s discretion. Dividend paid from capital may result in capital erosion and reduction in net asset value. The sub-fund may invest in financial derivative instruments for investment purpose which may lead to higher volatility to its net asset value. A positive distribution yield does not imply a positive return. Past distribution yields and payments do not represent future distribution yields and payments. Historical payments may be comprised of both distributed income and capital. The calculation method of annualised yield: ((1+ (dividend amount/ ex-dividend NAV))^12) – 1. The annualized 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.

The sub-fund was incepted on 3 June 2011. HSBC Asset Management, data as at 31 March 2023

For the Share Class AM2, the proportion of dividend paid out of distributed income was 68.11 per cent and the proportion paid out of capital was 31.89 per cent. The annualized volatility for the Share Class AM2 was 18.89 per cent as of 31 March 2023.

View the Fund’s dividend distribution record.

Performance is annualised when calculation period is over one year. Past performance does not predict future returns.
Fund return: NAV-to-NAV basis. For comparison with benchmark
^*Share class denoted with “(Net)”refers to fund return net of maximum initial charge (SG) on a single pricing (NAV)
basis. No redemption charge is levied.
Source: HSBC Asset Management, data as at 31 March 2023