HSBC GIF Brazil Equity XC

Performance History	30/04/2019

Growth of 1,000 (EUR)

	Fund	-38.9	-	-	-	-
	+/-Cat	-3.6	-	-	-	-
	+/-Idx	-4.2	-	-	-	-


Category: Brazil Equity
Benchmarks: MSCI Brazil NR USD

Key Stats
NAV 24/05/2019		USD 8.92
Day Change		-1.19%
Morningstar Category™		Brazil Equity
ISIN		LU0404497017
Fund Size (Mil) 24/05/2019		USD 307.14
Share Class Size (Mil) 24/05/2019		USD 0.00
Max Initial Charge		5.00%
Ongoing Charge 12/02/2019		0.90%

Investment Objective: HSBC GIF Brazil Equity XC

The sub-fund aims to provide long term total return by investing in a portfolio of Brazilian equities. The sub-fund invests in normal market conditions a minimum of 90% of its net assets in equities and equity equivalent securities of companies which are domiciled in, based in, or carry out the larger part of their business activities in Brazil. The sub-fund may also invest in eligible closed-ended Real Estate Investment Trusts ("REITs"). The sub-fund normally invests across a range of market capitalisations without any capitalisation restriction. The sub-fund will not invest more than 10% of its net assets in a combination of participation notes and convertible securities. The sub-fund will not invest more than 10% of its net assets in REITs.

Returns

Trailing Returns (EUR)	24/05/2019
YTD	-
3 Years Annualised	-
5 Years Annualised	-18.54
10 Years Annualised	-

12 Month Yield

0.00

Management

Manager Name Start Date
Lee Ray 27/11/2015
Victor Benavides 20/04/2016
Inception Date 12/03/2010

Benchmarks

Fund Benchmark	Morningstar Benchmark
MSCI Brazil 10/40 NR USD	MSCI Brazil NR USD

Target Market

Role In Portfolio
Standalone / Core	Not Specific
Component	Not Specific
Other	Not Specific

Primary Objective
Preservation	No
Growth	Yes
Income	Not Specific
Hedging	Not Specific
Other	Not Specific

Portfolio Profile for HSBC GIF Brazil Equity XC	31/01/2019

Morningstar Style Box®

Equity Style

Asset Allocation

	% Long	% Short	% Net Assets
Stocks	98.03	0.00	98.03
Bonds	0.00	0.00	0.00
Cash	30.94	28.86	2.08
Other	0.80	0.91	-0.11

Top 5 Regions	%
Latin America	100.00
United States	0.00
Canada	0.00
United Kingdom	0.00
Eurozone	0.00

Top 5 Sectors		%
	Financial Services	33.73
	Basic Materials	15.66
	Consumer Defensive	11.56
	Utilities	9.17
	Industrials	8.54

Top 5 Holdings	Sector	%
Bank Bradesco SA Participating P...	Financial Services	8.84
Itausa Investimentos ITAU SA Par...	Financial Services	7.17
Petroleo Brasileiro SA Petrobras...	Energy	7.05
CCR SA	Industrials	4.54
Suzano Papel E Celulose SA	Basic Materials	4.36

Increase Decrease New since last portfolio
HSBC GIF Brazil Equity XC

In order to provide consistency across the report data provided by different Asset Managers, the calculated data points presented are generated using Morningstar’s proprietary calculation methodology which is set out in more detail at(https://www.morningstar.com/research/signature)