HSBC Frontier Markets Fund

As of 10/31/2019

Top Ten Countries

Top ten countries in Fund.
Country Fund
Kuwait 14.2%
Egypt 13.4%
United Arab Emirates 12.2%
Philippines 11.0%
Vietnam 7.0%
Kenya 6.0%
Bahrain 5.3%
Georgia 4.8%
Kazakhstan 4.6%
Romania 4.6%

Regional Allocation

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

Sector Allocation

Sector allocation information for Fund and comparison to Benchmark (if available)
Sector Name Fund
Financials 48.9%
Consumer Staples 11.7%
Industrials 11.2%
Real Estate 9.4%
Consumer Discretionary 9.1%
Health Care 3.8%
Communication Services 3.8%
Materials 1.5%
Energy 0.6%
Information Technology 0.5%

Top Ten Holdings As of 10/31/2019

Top ten holdings for Fund
Security Name % Net Assets
AHLI UNITED BANK B.S.C 5.32%
NATIONAL BANK OF KUWAIT 4.77%
HUMAN SOFT HOLDING CO KSC 4.09%
BANCO DAVIVIENDA S.A. 4.06%
SAFARICOM LTD. 3.77%
AGILITY PUBLIC WAREHOUSING CO K.S.C 3.71%
HALYK SAVINGS BANK OF KAZAKHSTAN JSC - GDR 3.69%
TALAAT MOUSTAFA GROUP 3.49%
BANCA TRANSILVANIA SA 3.05%
DP WORLD PLC 3.04%