HSBC Frontier Markets Fund

Monthly Performance returns as of 3/31/2019

1
MO
3
MO
6
MO
1
YR
3
YRS
5
YRS
Inception (9/6/2011) Gross Exp. Net Exp.
HSBC Frontier Markets Fund - with sales charge -4.03% 5.01% -0.04% -18.42% 3.54% -0.61% 5.41% 2.30% 2.25%
HSBC Frontier Markets Fund - without sales charge 0.98% 10.55% 5.24% -14.13% 5.33% 0.40% 6.13% 2.30% 2.25%
MSCI Select Frontier and Emerging Markets Capped Index 1.23% 6.90% 2.29% -14.81% 7.20% 0.93% 5.26% n/a n/a
Performance for the Fund reflects the expense ratio as reported in the prospectus dated February 28, 2018. HSBC Global Asset Management (USA) Inc., the Fund’s investment adviser has entered into a contractual expense limitation agreement with the Fund under which it will limit total expenses of the Fund (excluding interest, tax, brokerage commissions, extraordinary expenses and estimated indirect expenses attributable to the Fund’s investments in investment companies) to an annual rate of 1.15%. The expense limitation agreement is effective until March 1, 2019.
 

Quarterly Performance returns as of 3/31/2019

1
MO
3
MO
6
MO
1
YR
3
YRS
5
YRS
Inception (9/6/2011) Gross Exp. Net Exp.
HSBC Frontier Markets Fund - with sales charge -4.03% 5.01% -0.04% -18.42% 3.54% -0.61% 5.41% 2.30% 2.25%
HSBC Frontier Markets Fund - without sales charge 0.98% 10.55% 5.24% -14.13% 5.33% 0.40% 6.13% 2.30% 2.25%
MSCI Select Frontier and Emerging Markets Capped Index 1.23% 6.90% 2.29% -14.81% 7.20% 0.93% 5.26% n/a n/a
Performance for the Fund reflects the expense ratio as reported in the prospectus dated February 28, 2018. HSBC Global Asset Management (USA) Inc., the Fund’s investment adviser has entered into a contractual expense limitation agreement with the Fund under which it will limit total expenses of the Fund (excluding interest, tax, brokerage commissions, extraordinary expenses and estimated indirect expenses attributable to the Fund’s investments in investment companies) to an annual rate of 1.15%. The expense limitation agreement is effective until March 1, 2019.

Calendar Year Total Returns

Total returns table by year descending
Annual Returns for Years Ended:
With Sales Charge Without Sales Charge MSCI Select Frontier and Emerging Markets Capped Index
12/31/2018 -23.52% -19.51% -16.20%
12/31/2017 15.11% 21.20% 31.86%
12/31/2016 3.11% 8.54% 2.66%
12/31/2015 -15.26% -10.78% -14.46%
12/31/2014 -0.49% 4.72% 6.84%
12/31/2013 19.40% 25.69% 25.89%
12/31/2012 17.79% 23.93% 8.85%