OVHaiLLM/Flipper huggingface dataset:
HSBC Portfolios offer a choice of five different risk levels, to be selected by investors depending on factors like their financial goals, time horizon and capacity for loss. Typically, the more risk investors take, the more return they would expect to see.
At HSBC Asset Management, we measure risk by volatility – how sharply a Portfolio’s share price moves in any given time period (up or down). The higher the volatility, the higher the risk.
The table above shows the Portfolio’s return (for the primary share class or hedged currency share class) per year over the last three years (known as annualised) and the level of volatility over the same period. This can be compared against other funds in the peer group, as defined by an independent research company*.
An example of a good outcome would be that the HSBC Portfolio return is higher than the peer group’s average return and the volatility (risk taken) is lower. However investors should consider their own priorities when it comes to returns and the risk taken to achieve them.
*Morningstar Categories are used to define the peer group compromising funds they deem similar based on fund objectives and holdings. The average is a median.

Translation (ENFR, 2023-01-31):
HSBC Portfolios Proposent cinq niveaux de risque différents, que les investisseurs choisissent en fonction de facteurs tels que leurs objectifs financiers, leur horizon temporel et leur capacité à supporter des pertes. En général, plus les investisseurs prennent de risques et plus ils s’attendent à constater un rendement plus élevé.
Chez HSBC Asset Management, nous mesurons le risque par la volatilité. Il s’agit de la rapidité avec laquelle le cours des actions d’un Portefeuille évolue sur une période donnée (à la hausse ou à la baisse). Plus la volatilité est élevée, plus le risque est élevé.
Le tableau ci-dessus présente le rendement du Portefeuille (pour la catégorie d’actions principale ou la catégorie d’actions avec couverture de change) de manière annualisée au cours des trois dernières années ainsi que le niveau de volatilité sur la même période. Il peut être comparé à d’autres fonds du groupe de pairs, tel que défini par une société de recherche indépendante*.
Par exemple, le rendement du Portefeuille HSBC est supérieur au rendement moyen du groupe de pairs et la volatilité (risque encouru) est inférieure. Toutefois, les investisseurs doivent tenir compte de leurs propres priorités en matière de rendements et du risque encouru pour les atteindre.
*Les catégories Morningstar sont utilisées pour définir le groupe de pairs qui comprend des fonds jugés similaires en fonction des objectifs et des participations du fonds. La moyenne est une médiane.
# Fund
| Performance (%) | YTD | 1M | 3M | 1Y | 3Y¹ | 5Y¹ | Since Inception¹ |
| --- | --- | --- | --- | --- | --- | --- | --- |
| S5CHEUR | -2.06 | 0.37 | 0.70 | -1.09 | - | - | 3.01 |

| Calendar Year Performance (%) | 2016 | 2017 | 2018 | 2019 | 2020 |
| --- | --- | --- | --- | --- | --- |
| S5CHEUR | - | - | - | 4.84 | 4.16 |

| Share Class Details |
| --- |
| UCITS V Compliant	Yes |
| Distribution Type	Accumulating |
| Dealing Frequency	Daily |
| Valuation Time	23:00 Ireland |
| Ongoing Charge Figure 2	0.060% |
| Share Class Base	EUR Currency |
| Domicile	Ireland |
| ISIN	IE00BF5DZ473 |
| Share Class Inception	16 Nov 2018 Date |
| NAV per Share	EUR 10.81 |
| Fund Size	USD 5,290,788,391 |
| Bloomberg Ticker	HSAS5CE ID |
| Manager	HSBC Passive Fixed Income Team |

Translation (ENFR, 2021-06-30):
# Fonds
| Performances (%) | YTD | 1 mois | 3 mois | 1 an | 3 ans¹ | 5 ans¹ | Depuis la création¹ |
| --- | --- | --- | --- | --- | --- | --- | --- |
| S5CHEUR | -2,06 | 0,37 | 0,70 | -1,09 | - | - | 3,01 |

| Performances calendaires (%) | 2016 | 2017 | 2018 | 2019 | 2020 |
| --- | --- | --- | --- | --- | --- |
| S5CHEUR | - | - | - | 4,84 | 4,16 |
# 2Ongoing Charges Figure, is based on expenses over a year. The figure includes annual management charge but not the transaction costs. Such figures may vary from time to time.
| 3-Year Risk Measures | S5CHEUR |
| --- | --- |
| Volatility | - |
| Sharpe Ratio | - |

| 5-Year Risk Measures | S5CHEUR |
| --- | --- |
| Volatility | - |
| Sharpe Ratio | - |

| Characteristics | Fund |  |  | Characteristics | Fund |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Number of Holdings ex Cash | 3,372 |  |  | Modified Duration to Worst | 7.80 |  |  |
| Option Adjusted Spread Duration (OASD)3 | 7.31 |  |  |
| Average Coupon | 2.55 |  |  |
| Option Adjusted Duration (OAD) | 7.47 |  |  | Rating Average4 | AA-/A+ |  |  |
| Maturity Average | 9.00 |  |  |
| Yield to Worst (Gross) | 1.08 |  |  |  |
|  | Sector Allocation (Market Value %) | Fund | Reference Benchmark | Relative |
| Credit Quality Rating Allocation (Market Value %) | Fund | Reference Benchmark | Relative |
| Treasuries | 51.43 | 52.85 | -1.42 |
| AAA | 35.96 | 37.09 | -1.13 | Supra/agencies | 15.00 | 15.02 | -0.02 |
| AA | 14.63 | 15.22 | -0.58 | Corp Non-fin | 12.53 | 11.79 | 0.75 |
| A | 31.66 | 31.45 | 0.20 | US Agency Mbs | 10.20 | 10.43 | -0.23 |
| BBB | 16.40 | 16.24 | 0.16 | Corp Fin | 6.65 | 6.96 | -0.31 |
| BB | 0.05 | - | 0.05 | Collateralised | 2.89 | 2.95 | -0.06 |
| Cash | 1.31 | - | 1.31 | Cash | 1.31 | - | 1.31 |

Translation (ENFR, 2021-06-30):
# les frais de gestion annuels et les frais de transaction sous-jacents et peut varier avec le temps.
| Indicateurs de risque sur 3 ans | S5CHEUR |
| --- | --- |
| Volatilité | - |
| Ratio de Sharpe | - |

| Indicateurs de risque sur 5 ans | S5CHEUR |
| --- | --- |
| Volatilité | - |
| Ratio de Sharpe | - |

| Caractéristiques | Fonds |  |  | Caractéristiques | Fonds |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Nombre de titres (hors liquidités) | 3.372 |  |  | Duration modifiée au pire | 7,80 |  |  |
| Duration ajustée de l’écart (OASD)3 | 7,31 |  |  |
| Coupon moyen | 2,55 |  |  |
| Duration ajustée des options (OAD) | 7,47 |  |  | Notation moyenne4 | AA-/A+ |  |  |
| Maturité moyenne | 9,00 |  |  |
| Rendement minimum (Brut) | 1,08 |  |  |  |
|  | Allocation par secteur (Valeur marchande %) | Fonds | Indice de référence | Relatif |
| Allocation par notation de crédit (Valeur marchande %) |  | Indice de référence |  |
| Fonds | Relatif | Emprunts d'Etats | 51,43 | 52,85 | -1,42 |
|  |  | Supranationaux/Agences | 15,00 | 15,02 | -0,02 |
| AAA | 35,96 | 37,09 | -1,13 | Dettes privées non financières | 12,53 | 11,79 | 0,75 |
| AA | 14,63 | 15,22 | -0,58 |
| A | 31,66 | 31,45 | 0,20 | MBS Agence américaine | 10,20 | 10,43 | -0,23 |
| BBB | 16,40 | 16,24 | 0,16 | Dettes privées financières | 6,65 | 6,96 | -0,31 |
| BB | 0,05 | - | 0,05 | Garantis | 2,89 | 2,95 | -0,06 |
| Liquidités | 1,31 | - | 1,31 | Liquidités | 1,31 | - | 1,31 |
# Sorted from largest to smallest per market values of weight.
| Maturity Breakdown (Option Adjusted Duration) | Fund | Reference Benchmark | Relative | Geographical Allocation (Market Value %) | Fund | Reference Benchmark | Relative |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 0-2 years | 0.16 | 0.17 | -0.01 | United States | 40.19 | 40.42 | -0.23 |
| 2-5 years | 1.14 | 1.07 | 0.07 | Europe | 29.30 | 28.46 | 0.83 |
| 5-10 years | 1.99 | 2.07 | -0.07 | Asia | 24.33 | 26.01 | -1.67 |
| 10+ years | 4.19 | 4.18 | 0.01 | Other | 2.17 | 2.26 | -0.09 |
| Total | 7.47 | 7.49 | -0.02 | Latin America | 1.14 | 1.07 | 0.07 |
| Sorted from shortest to longest per the length of maturity. | Eastern Europe | 0.85 | 1.03 | -0.18 |
| Middle East | 0.70 | 0.73 | -0.04 |
| Duration Allocation by Currency Bloc (Option Adjusted Duration) |  | Reference Benchmark |  | Africa | 0.01 | 0.02 | -0.01 |
| Fund | Relative | Cash | 1.31 | - | 1.31 |
|  |  | Sorted from largest to smallest per market values of weight. |
| Dollar | 3.16 | 3.10 | 0.05 |
| Euro | 1.89 | 1.92 | -0.04 |
| Japan | 1.26 | 1.27 | -0.01 |
| EM Local Currency | 0.61 | 0.63 | -0.02 |
| UK | 0.57 | 0.57 | 0.00 |
| Total | 7.47 | 7.49 | -0.02 |

Translation (ENFR, 2021-06-30):
# Triées dans l’ordre décroissant par valeur de marché de la pondération.
| Répartition par maturité (Duration ajustée des options) | Fonds | Indice de référence | Relatif | Allocation par zone géographique (Valeur marchande %) | Fonds | Indice de référence | Relatif |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 0-2 années | 0,16 | 0,17 | -0,01 | États-Unis | 40,19 | 40,42 | -0,23 |
| 2-5 années | 1,14 | 1,07 | 0,07 | Europe | 29,30 | 28,46 | 0,83 |
| 5-10 années | 1,99 | 2,07 | -0,07 | Asie | 24,33 | 26,01 | -1,67 |
| 10+ années | 4,19 | 4,18 | 0,01 | Autres | 2,17 | 2,26 | -0,09 |
| Total | 7,47 | 7,49 | -0,02 | Amérique latine | 1,14 | 1,07 | 0,07 |
| Triées dans l’ordre croissant par échéance. | Europe de l’Est | 0,85 | 1,03 | -0,18 |
| Moyen-Orient | 0,70 | 0,73 | -0,04 |
| Allocation par bloc monétaire (Duration ajustée des options) |  | Indice de référence |  | Afrique | 0,01 | 0,02 | -0,01 |
| Fonds | Relatif | Liquidités | 1,31 | - | 1,31 |
|  |  | Triées dans l’ordre décroissant par valeur de marché de la pondération. |
| Dollar | 3,16 | 3,10 | 0,05 |
| Euro | 1,89 | 1,92 | -0,04 |
| Japon | 1,26 | 1,27 | -0,01 |
| Devise locale ME | 0,61 | 0,63 | -0,02 |
| Royaume-Uni | 0,57 | 0,57 | 0,00 |
| Total | 7,47 | 7,49 | -0,02 |
| Performance (%) | date | 1 month 3 months 6 months | 1 year | 3 years ann | 5 years ann | 10 years ann |
| --- | --- | --- | --- | --- | --- | --- |
| ICHEUR | -10.83 | 1.88	-3.01	-4.81 | -11.43 | -1.52 | -0.28 | 0.73 |
| Calendar year performance (%) | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| ICHEUR | 6.09 | -5.15 | 7.20 | -1.63 | 8.13 | 0.86 | -2.04 | 4.58 | 5.36 | 2.16 |

Translation (ENFR, 2022-11-30):
| Performance (%) | d’année | 1 mois | 3 mois | 6 mois | 1 an | 3 ans annualisés | 5 ans annualisés | annualisés |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ICHEUR | -10,83 | 1,88 | -3,01 | -4,81 | -11,43 | -1,52 | -0,28 | 0,73 |
| Performances nettes civiles (%) | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| ICHEUR | 6,09 | -5,15 | 7,20 | -1,63 | 8,13 | 0,86 | -2,04 | 4,58 | 5,36 | 2,16 |
| Fixed Income Characteristics | Fund | benchmark | Relative |
| --- | --- | --- | --- |
| No. of holdings ex cash | 86 | 143 | -- |
| Average coupon rate | 0.50 | 0.95 | -0.45 |
| Option Adjusted Duration | 8.35 | 8.87 | -0.52 |
| Modified Duration to Worst | 8.31 | 8.97 | -0.66 |
| Average maturity | 8.22 | 9.62 | -1.40 |
| Rating average | AA+/AA | AA+/AA | -- |
| Reference | Maturity Breakdown |  |  |

Translation (ENFR, 2022-11-30):
| Obligations - Principales caractéristiques | Fonds | Indice de référence | Relatif |
| --- | --- | --- | --- |
| Nombre de lignes hors liquidités | 86 | 143 | -- |
| Coupon moyen | 0,50 | 0,95 | -0,45 |
| Option adjusted duration | 8,35 | 8,87 | -0,52 |
| Modified duration to worst | 8,31 | 8,97 | -0,66 |
| Maturité moyenne | 8,22 | 9,62 | -1,40 |
| Notation moyenne | AA+/AA | AA+/AA | -- |
| Indice de | Répartition par |
| Credit rating (%) | Fund | benchmark | Relative |
| --- | --- | --- | --- |
| AAA | 58.13 | 51.19 | 6.94 |
| AA | 28.81 | 28.97 | -0.16 |
| A | 5.36 | 12.57 | -7.21 |
| BBB | 6.68 | 7.15 | -0.48 |
| Cash | 1.03 | 0.12 | 0.91 |

Translation (ENFR, 2022-11-30):
| Notation (%) | Fonds | référence | Relatif |
| --- | --- | --- | --- |
| AAA | 58,13 | 51,19 | 6,94 |
| AA | 28,81 | 28,97 | -0,16 |
| A | 5,36 | 12,57 | -7,21 |
| BBB | 6,68 | 7,15 | -0,48 |
| Liquidités/espèces | 1,03 | 0,12 | 0,91 |
| Duration) | Fund | benchmark | Relative |
| --- | --- | --- | --- |
| 0-3 years | 0.73 | 0.33 | 0.40 |
| 3-5 years | 0.59 | 0.72 | -0.13 |
| 5-10 years | 1.78 | 2.24 | -0.46 |
| 10-15 years | 1.10 | 1.14 | -0.04 |
| 15-20 years | 0.81 | 1.29 | -0.47 |
| 20-30 years | 3.27 | 3.10 | 0.17 |
| 30+ years | 0.06 | 0.05 | 0.01 |
| Total | 8.35 | 8.87 | -0.52 |

Translation (ENFR, 2022-11-30):
| adjusted duration) | Fonds | référence | Relatif |
| --- | --- | --- | --- |
| 0-3 years | 0,73 | 0,33 | 0,40 |
| 3-5 years | 0,59 | 0,72 | -0,13 |
| 5-10 ans | 1,78 | 2,24 | -0,46 |
| 10-15 years | 1,10 | 1,14 | -0,04 |
| 15-20 years | 0,81 | 1,29 | -0,47 |
| 20-30 years | 3,27 | 3,10 | 0,17 |
| 30+ years | 0,06 | 0,05 | 0,01 |
| Total | 8,35 | 8,87 | -0,52 |
| Top 10 Holdings | Weight (%) |
| --- | --- |
| DEUTSCHLAND I/L 0.100 15/04/26 | 5.40 |
| DEUTSCHLAND I/L 0.100 15/04/23 | 5.06 |
| TSY INFL IX N/B 0.375 15/01/27 | 4.65 |
| UK TSY I/L GILT 0.125 22/03/24 | 4.62 |
| TSY INFL IX N/B 0.125 15/04/25 | 4.43 |
| BTPS 0.100 15/05/33 | 4.26 |
| TSY INFL IX N/B 0.500 15/01/28 | 3.61 |
| TSY INFL IX N/B 0.125 15/01/32 | 3.59 |
| UK TSY I/L GILT 0.250 22/03/52 | 3.36 |
| DEUTSCHLAND I/L 0.500 15/04/30 | 3.17 |

Translation (ENFR, 2022-11-30):
| Top 10 principales lignes | Pondération (%) |
| --- | --- |
| DEUTSCHLAND I/L 0,100 15/04/26 | 5,40 |
| DEUTSCHLAND I/L 0,100 15/04/23 | 5,06 |
| TSY INFL IX N/B 0,375 15/01/27 | 4,65 |
| UK TSY I/L GILT 0,125 22/03/24 | 4,62 |
| TSY INFL IX N/B 0,125 15/04/25 | 4,43 |
| BTPS 0,100 15/05/33 | 4,26 |
| TSY INFL IX N/B 0,500 15/01/28 | 3,61 |
| TSY INFL IX N/B 0,125 15/01/32 | 3,59 |
| UK TSY I/L GILT 0,250 22/03/52 | 3,36 |
| DEUTSCHLAND I/L 0,500 15/04/30 | 3,17 |
| Fixed Income Characteristics | Fund | benchmark | Relative |
| --- | --- | --- | --- |
| No. of holdings ex cash | 290 | 943 | -- |
| Average coupon rate | 4.20 | 5.07 | -0.87 |
| Yield to worst | 7.67% | 7.26% | 0.40% |
| Option Adjusted Duration | 6.52 | 6.82 | -0.30 |
| Modified Duration to Worst | 6.63 | 6.88 | -0.25 |
| Option Adjusted Spread Duration | 6.37 | 6.82 | -0.45 |
| Average maturity | 10.66 | 11.67 | -1.01 |
| Rating average | BBB+/BBB | BBB-/BB+ | -- |
| Credit rating (%) | Fund | Reference benchmark | Relative |  | Maturity Breakdown (%) | Fund | Reference benchmark | Relative |
| AAA | -3.76 | -- | -3.76 |  | 0-2 years | 21.11 | 10.30 | 10.81 |
| AA | 7.49 | 7.45 | 0.04 |  | 2-5 years | 9.63 | 23.76 | -14.12 |
| A | 15.92 | 16.09 | -0.17 |  | 5-10 years | 32.48 | 28.54 | 3.94 |
| BBB | 20.00 | 28.10 | -8.10 |  | 10+ years | 36.77 | 37.40 | -0.63 |
| BB | 17.56 | 21.98 | -4.43 |  |
| B | 19.43 | 20.69 | -1.26 |
| CCC | 3.79 | 3.55 | 0.24 |
| CC | 0.86 | 0.55 | 0.30 |
| C | 0.12 | 0.02 | 0.10 |
| D | 0.56 | 0.93 | -0.36 |
| NR | 0.77 | 0.64 | 0.14 |
| Cash | 18.75 | -- | 18.75 |
| Cash Offset | -1.50 | -- | -1.50 |

Translation (ENFR, 2022-08-31):
| Obligations - Principales caractéristiques | Fonds | Indice de référence | Relatif |
| --- | --- | --- | --- |
| Nombre de lignes hors liquidités | 290 | 943 | -- |
| Coupon moyen | 4,20 | 5,07 | -0,87 |
| Yield to worst | 7,67% | 7,26% | 0,40% |
| Option adjusted duration | 6,52 | 6,82 | -0,30 |
| Modified duration to worst | 6,63 | 6,88 | -0,25 |
| Option adjusted spread duration | 6,37 | 6,82 | -0,45 |
| Maturité moyenne | 10,66 | 11,67 | -1,01 |
| Notation moyenne | BBB+/BBB | BBB-/BB+ | -- |
| Notation (%) | Fonds | Indice de référence | Relatif |  | Répartition par maturité (%) | Fonds | Indice de référence | Relatif |
| AAA | -3,76 | -- | -3,76 |  | 0-2 ans | 21,11 | 10,30 | 10,81 |
| AA | 7,49 | 7,45 | 0,04 |  | 2-5 ans | 9,63 | 23,76 | -14,12 |
| A | 15,92 | 16,09 | -0,17 |  | 5-10 ans | 32,48 | 28,54 | 3,94 |
| BBB | 20,00 | 28,10 | -8,10 |  | 10+ ans | 36,77 | 37,40 | -0,63 |
| BB | 17,56 | 21,98 | -4,43 |  |
| B | 19,43 | 20,69 | -1,26 |
| CCC | 3,79 | 3,55 | 0,24 |
| CC | 0,86 | 0,55 | 0,30 |
| C | 0,12 | 0,02 | 0,10 |
| J | 0,56 | 0,93 | -0,36 |
| NR | 0,77 | 0,64 | 0,14 |
| Liquidités/espèces | 18,75 | -- | 18,75 |
| Compensation en espèces | -1,50 | -- | -1,50 |
# 34.31
| Top 10 Holdings (%) |  | Characteristics | Fund | Reference Benchmark |
| --- | --- | --- | --- | --- |
| Public Bank Berhad | 13.39 | Number of Holdings ex Cash | 36 | 36 |
| Malayan Banking Bhd | 7.26 | Avg Market Cap (USD mil) | 10,324 | 10,324 |
| CIMB Group Holdings Bhd | 6.65 | P/E Ratio 4 | 21.32 | 21.31 |
| Tenaga Nasional Bhd | 5.00 |  |
| Top Glove Corp Bhd | 4.97 |
| Petronas Chemicals Group Bhd | 4.33 |
| Press Metal Aluminium Holdings | 3.45 |
| DiGi.Com Bhd | 2.88 |
| Hartalega Holdings Bhd | 2.82 |
| Petronas Gas Bhd | 2.74 |

Translation (ENFR, 2021-06-30):
# 34.31
| 10 principaux titres en portefeuille (%) |  | Caractéristiques | Fonds | Indice de référence |
| --- | --- | --- | --- | --- |
| Public Bank Berhad | 13,39 | Nombre de titres (hors liquidités) | 36 | 36 |
| Malayan Banking Bhd | 7,26 | Capitalisation boursière (USD mil) | 10.324 | 10.324 |
| CIMB Group Holdings Bhd | 6,65 | Ratio C/B 4 | 21,32 | 21,31 |
| Tenaga Nasional Bhd | 5,00 |  |
| Top Glove Corp Bhd | 4,97 |
| Petronas Chemicals Group Bhd | 4,33 |
| Press Metal Aluminium Holdings | 3,45 |
| DiGi.Com Bhd | 2,88 |
| Hartalega Holdings Bhd | 2,82 |
| Petronas Gas Bhd | 2,74 |
# 90
| Performance (%) | YTD | 1M | 3M | 1Y | 3Y¹ | 5Y¹ |
| --- | --- | --- | --- | --- | --- | --- |
| Fund | 15.09 | 2.29 | 8.40 | 40.61 | 18.41 | 17.30 |
| Reference Benchmark | 15.00 | 2.30 | 8.44 | 40.14 | 18.01 | 16.97 |
| Tracking Difference | 0.09 | -0.01 | -0.03 | 0.47 | 0.40 | 0.33 |
| Tracking Error | - | - | - | 0.11 | 0.15 | 0.13 |

| Rolling Performance (%) | 30 Jun 2020- 30 Jun 2021 | 30 Jun 2019- 30 Jun 2020 | 30 Jun 2018- 30 Jun 2019 | 30 Jun 2017- 30 Jun 2018 | 30 Jun 2016- 30 Jun 2017 |
| --- | --- | --- | --- | --- | --- |
| Fund | 40.61 | 7.19 | 10.16 | 13.93 | 17.39 |
| Reference Benchmark | 40.14 | 6.87 | 9.75 | 13.71 | 17.16 |

Translation (ENFR, 2021-06-30):
# 90
| Performances (%) | YTD | 1 mois | 3 mois | 1 an | 3 ans¹ | 5 ans¹ |
| --- | --- | --- | --- | --- | --- | --- |
| Fonds | 15,09 | 2,29 | 8,40 | 40,61 | 18,41 | 17,30 |
| Indice de référence | 15,00 | 2,30 | 8,44 | 40,14 | 18,01 | 16,97 |
| Ecart de performance entre le fonds et son indice | 0,09 | -0,01 | -0,03 | 0,47 | 0,40 | 0,33 |
| Erreur de suivi | - | - | - | 0,11 | 0,15 | 0,13 |

| Performances calendaires (%) | 2016 | 2017 | 2018 | 2019 | 2020 |
| --- | --- | --- | --- | --- | --- |
| Fonds | 11,42 | 21,38 | -4,61 | 30,93 | 18,29 |
| Indice de référence | 11,23 | 21,10 | -4,94 | 30,70 | 17,75 |
# 27.24
| Top 10 Holdings (%) |  | Characteristics | Fund | Reference Benchmark |
| --- | --- | --- | --- | --- |
| Apple Inc | 5.89 | Number of Holdings ex Cash | 500 | 506 |
| Microsoft Corp | 5.59 | Avg Market Cap (USD mil) | 499,320 | 498,554 |
| Amazon.com Inc | 4.02 | P/E Ratio 4 | 26.76 | 26.73 |
| Alphabet Inc | 3.97 |  |
| Facebook Inc | 2.29 |
| Berkshire Hathaway Inc | 1.45 |
| Tesla Inc | 1.43 |
| NVIDIA Corp | 1.36 |
| JPMorgan Chase & Co | 1.30 |
| Johnson & Johnson | 1.19 |

Translation (ENFR, 2021-06-30):
# 27.24
| 10 principaux titres en portefeuille (%) |  | Caractéristiques | Fonds | Indice de référence |
| --- | --- | --- | --- | --- |
| Apple Inc | 5,89 | Nombre de titres (hors liquidités) | 500 | 506 |
| Microsoft Corp | 5,59 | Capitalisation boursière (USD mil) | 499.320 | 498.554 |
| Amazon.com Inc | 4,02 | Ratio C/B 4 | 26,76 | 26,73 |
| Alphabet Inc | 3,97 |  |
| Facebook Inc | 2,29 |
| Berkshire Hathaway Inc | 1,45 |
| Tesla Inc | 1,43 |
| NVIDIA Corp | 1,36 |
| JPMorgan Chase & Co | 1,30 |
| Johnson & Johnson | 1,19 |
| Performance (%) | date | 1 month 3 months 6 months | 1 year | 3 years ann | 5 years ann | 10 years ann |
| --- | --- | --- | --- | --- | --- | --- |
| IC | 1.51 | 1.51	3.09	-0.83 | -6.73 | -0.07 | 0.64 | 2.32 |
| Calendar year performance (%) | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| IC | -8.06 | 12.52 | 3.25 | 8.99 | 8.94 | -3.92 | 6.66 | 7.42 | 1.43 | -8.88 |

Translation (ENFR, 2023-01-31):
| Performance (%) | d’année | 1 mois | 3 mois | 6 mois | 1 an | 3 ans annualisés | 5 ans annualisés | annualisés |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| IC | 1,51 | 1,51 | 3,09 | -0,83 | -6,73 | -0,07 | 0,64 | 2,32 |
| Performances nettes civiles (%) | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| IC | -8,06 | 12,52 | 3,25 | 8,99 | 8,94 | -3,92 | 6,66 | 7,42 | 1,43 | -8,88 |
# Ten Lowest Carbon Intensity Issuers
|  |  |  |  |
| --- | --- | --- | --- |
| Fund | Carbon Intensity (tonnes CO²e/USD million) | Reference Benchmark | Carbon Intensity (tonnes CO²e/USD million) |
| CHINA LIFE INSURANCE CO LTD 10222021 | 0.31 | China Life Insurance | 0.31 |
| BANCO INTER SA-PR 10431894 | 0.63 | Banco Inter | 0.63 |
| BANCO BTG PACTUAL SA-UNIT 10139887 | 0.91 | Banco Pan S.A. | 0.91 |
| ZHONGAN ONLINE P&C INSURAN-H 10258080 | 0.99 | ZhongAn Online P & C Insurance (H) | 0.99 |
| CHINA TAIPING INSURANCE HOLD 10217437 | 1.08 | China Taiping Insurance Holdings (Red Chip) | 1.08 |
| CHINA MEIDONG AUTO HOLDINGS 10303698 | 1.16 | China MeiDong Auto Holdings (P Chip) | 1.16 |
| BANCO BRADESCO S.A. 10190268 | 1.51 | Banco Bradesco S/A Ord | 1.51 |
| CHINA EVERBRIGHT LTD 10225898 | 1.61 | China Everbright (RED CHIP) | 1.61 |
| BANK OF NANJING CO LTD -A 10297935 | 1.73 | Bank Of Nanjing (A) (SC SH) | 1.73 |
| BANK OF NINGBO CO LTD -A 10297910 | 1.73 | Bank of Ningbo (A) (SC SZ) | 1.73 |

Translation (ENFR, 2021-09-30):
# Les dix Émetteurs ayant l'Intensité de carbone la plus faible
|  |  |  |  |
| --- | --- | --- | --- |
| Fonds | Intensité de carbone (tonnes CO²/millions USD) | Indice de référence | Intensité de carbone (tonnes CO²/millions USD) |
| CHINA LIFE INSURANCE CO LTD 10222021 | 0,31 | China Life Insurance | 0,31 |
| BANCO INTER SA-PR 10431894 | 0,63 | Banco Inter | 0,63 |
| BANCO BTG PACTUAL SA-UNIT 10139887 | 0,91 | Banco Pan S.A. | 0,91 |
| ZHONGAN ONLINE P&C INSURAN-H 10258080 | 0,99 | ZhongAn Online P & C Insurance (H) | 0,99 |
| CHINA TAIPING INSURANCE HOLD 10217437 | 1,08 | China Taiping Insurance Holdings (Red Chip) | 1,08 |
| CHINA MEIDONG AUTO HOLDINGS 10303698 | 1,16 | China MeiDong Auto Holdings (P Chip) | 1,16 |
| BANCO BRADESCO S.A. 10190268 | 1,51 | Banco Bradesco S/A Ord | 1,51 |
| CHINA EVERBRIGHT LTD 10225898 | 1,61 | China Everbright (RED CHIP) | 1,61 |
| BANK OF NANJING CO LTD -A 10297935 | 1,73 | Bank Of Nanjing (A) (SC SH) | 1,73 |
| BANK OF NINGBO CO LTD -A 10297910 | 1,73 | Bank of Ningbo (A) (SC SZ) | 1,73 |
# Fund
| Performance (%) | YTD | 1M | 3M | 1Y | 3Y¹ | 5Y¹ | Since Inception¹ |
| --- | --- | --- | --- | --- | --- | --- | --- |
| ICHEUR | -1.15 | 0.44 | 0.80 | 2.74 | 4.23 | - | 4.30 |

| Calendar Year Performance (%) | 2016 | 2017 | 2018 | 2019 | 2020 |
| --- | --- | --- | --- | --- | --- |
| ICHEUR | - | - | - | 8.47 | 5.19 |

| Share Class Details |
| --- |
| UCITS V Compliant | Yes |
| Distribution Type | Accumulating |
| Dealing Frequency | Daily |
| Valuation Time | 17:00 Luxembourg |
| Ongoing Charge Figure 2 | 0.821% |
| Share Class Base Currency | EUR |
| Domicile | Luxembourg |
| ISIN | LU1436996174 |
| Share Class Inception Date | 18 May 2018 |
| NAV per Share | EUR 11.40 |
| Fund Size | USD 617,651,825 |
| Bloomberg Ticker | HSBAICE LX |
| Manager | Steven Wong Alfred Mui |

Translation (ENFR, 2021-06-30):
# Fonds
| Performances (%) | YTD | 1 mois | 3 mois | 1 an | 3 ans¹ | 5 ans¹ | Depuis la création¹ |
| --- | --- | --- | --- | --- | --- | --- | --- |
| ICHEUR | -1,15 | 0,44 | 0,80 | 2,74 | 4,23 | - | 4,30 |

| Performances calendaires (%) | 2016 | 2017 | 2018 | 2019 | 2020 |
| --- | --- | --- | --- | --- | --- |
| ICHEUR | - | - | - | 8,47 | 5,19 |