# Objectives and Investment Policy
### Investment Objective:

### The Fund aims to provide long term capital growth and income by investing in a portfolio of shares.
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/policies.

### Investment Policy:
In normal market conditions, the Fund will invest at least 70% 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 developed markets and emerging markets with revenue exposure to Climate Transition Themes.
Climate Transition Themes may include but are not limited to, renewable energy, energy efficiency, clean transportation and green buildings. They are proprietary to HSBC, determined with reference to the eligible activities of the Green Bond Principles of the International Capital Market Association and the Climate Bonds Taxonomy of the Climate Bonds Initiative.
The Fund will not invest in shares of companies considered non- compliant with the United Nations Global Compact Principles. The revenue exposure threshold will depend on the specific excluded activity but will not be higher than 30% of the relevant company’s total revenue.
After identifying the eligible investment universe, a portfolio is constructed with lower carbon intensity and higher ESG rating, calculated respectively as a weighted average of the carbon intensities and ESG ratings given to the issuers of the Fund’s investments, than that of the MSCI AC World Net index.

### When assessing companies’ carbon intensity, ESG rating and revenue exposure to an excluded activity, the Investment Adviser may rely on

### expertise, research and information provided by well-established financial data providers. Please refer to the prospectus for further details on ESG Credentials and Excluded Activities.
The Fund may invest up to 20% in China A and China B-shares. For China A-shares, up to 10% through the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect, up to 10% in CAAPs and up to 10% in CAAPs issued by any single issuer.

### The Fund may invest up to 10% of its assets in Real Estate Investment Trusts and up to 10% in other funds.
The Fund may also invest in derivatives and use them for 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.
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### The Fund may enter into securities lending transactions for up to 29% of its assets. However, this is not expected to exceed 25%.
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### The reference currency of the Fund is USD. The reference currency of this share class is USD.
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### The Fund is actively managed and does not track a benchmark. The reference benchmark for the Fund is MSCI AC World Net.
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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.
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### Income is reinvested.
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### You may sell your investment on most working days.
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### Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within a period of 5 years.

Translation (ENFR, 2022-05-25):
# Objectifs et politique d'investissement
### Objectif d’investissement :

### Le Fonds cherche à générer une croissance du capital à long terme et des revenus en investissant dans un portefeuille d’actions.
Le Fonds promeut les caractéristiques ESG au sens de l’Article 8 du SFDR. De plus amples informations sur les politiques d’investissement responsable de HSBC Global Asset Management sont disponibles sur www.assetmanagement.hsbc. com/about-us/responsible-investing/policies.

### Politique d’investissement :
Dans des conditions de marché normales, le Fonds investira au moins 70 % de ses actifs en actions (ou titres similaires) de sociétés de toute taille basées ou exerçant la majeure partie de leurs activités dans des marchés émergents ou développés, dont les revenus sont exposés aux thèmes de la transition climatique.
Les thèmes de la transition climatique peuvent comprendre, notamment, les énergies renouvelables, l’efficacité énergétique, les transports propres et les bâtiments écologiques. Ils sont propres à HSBC, déterminés en fonction des activités éligibles des Principes des obligations vertes (« Green Bond Principles ») de l’International Capital Market Association et de la Climate Bonds Taxonomy de la Climate Bonds Initiative.
Le Fonds n’investira pas dans des actions de sociétés considérées comme non conformes aux principes du Pacte mondial des Nations unies. Le seuil d’exposition aux revenus dépendra de l’activité exclue spécifique, mais ne sera pas supérieur à 30 % du revenu total de la société concernée.
Après avoir identifié l’univers d’investissement éligible, un portefeuille est constitué avec une intensité carbone plus faible et une notation ESG plus élevée, respectivement calculées sous la forme d’une moyenne pondérée des intensités carbone et des notations ESG attribuées aux émetteurs des investissements du Fonds, que celle de l’Indice MSCI AC World Net Index.
Lors de l’évaluation de l’intensité carbone des sociétés, de la notation ESG et de l’exposition aux revenus d’une activité exclue, le Conseiller en investissements peut s’appuyer sur l’expertise, la recherche et les informations fournies par des