HSBC Frontier Markets Fund

As of 12/31/2019

Top Ten Countries

Top ten countries in Fund.
Country Fund
Kuwait 14.7%
Egypt 12.8%
Philippines 10.4%
United Arab Emirates 10.3%
Bahrain 7.7%
Kenya 6.3%
Kazakhstan 5.2%
Colombia 3.8%
Georgia 3.5%
Mauritius 2.2%

Regional Allocation

Regional allocation information for Fund and comparison to benchmark (if available)
Region Fund
Asia 47.7%
Latin America 19.3%
MENA 14.8%
Eastern Europe 10.1%
SS Africa 8.6%
Cash -0.4%

Sector Allocation

Sector allocation information for Fund and comparison to Benchmark (if available)
Sector Name Fund
Financials 53.3%
Industrials 10.8%
Consumer Staples 10.1%
Consumer Discretionary 8.7%
Real Estate 8.5%
Communication Services 4.0%
Materials 2.6%
Health Care 1.8%
Energy 0.5%
Information Technology 0.4%

Top Ten Holdings As of 12/31/2019

Top ten holdings for Fund
Security Name % Net Assets
AHLI UNITED BANK B.S.C 7.81%
NATIONAL BANK OF KUWAIT 5.10%
SAFARICOM LTD. 4.04%
HUMAN SOFT HOLDING CO KSC 3.94%
HALYK SAVINGS BANK OF KAZAKHSTAN JSC - GDR 3.93%
AGILITY PUBLIC WAREHOUSING CO K.S.C 3.92%
BANCO DAVIVIENDA S.A. 3.84%
DP WORLD PLC 3.31%
BANCA TRANSILVANIA SA 3.29%
TALAAT MOUSTAFA GROUP 2.85%