HSBC Global Asset Management - Charges

Malta Bond Fund

Charges to the fund:

• Management Fee 0.80% per annum on the Net Asset Value
• Custody Fee 0.05% per annum on the Net Asset Value
• Investment Account fee of 0.125% per annum (minimum €11.65, maximum €116.47) per investment account, calculated on the value of the units held in each account

Administration Fee in respect of the payment of dividends

€4.66 per investor on every dividend distribution. This fee is charged directly to the income classes of shares and will be reflected in the unit price.

Charges to the investor:

• Should you decide to redeem part or all of your units, there is a 1% Exit Fee (minimum €11.65) on the value of units withdrawn.

International Bond Fund

Charges to the Fund:

• Management Fee 0.80% per annum on the Net Asset Value
• Custody Fee 0.10% per annum on the Net Asset Value subject to a minimum of €11,646.87 per annum.
• Investment Account fee of 0.125% per annum (minimum €23.29) / maximum €116.47 per investment account calculated on the value of the units held in each account.

Administration Fee in respect of the payment of dividends:

€4.66 per investor on every dividend distribution. This fee is charged directly to the income classes of shares and will be reflected in the unit price.

Charges to the investor:

• Initial fee of 2.5% on the amount invested

Equity Growth Fund

Charges to the Fund:

• Management Fee 1.20% per annum on the Net Asset Value
• Custody Fee 0.025% per annum on the Net Asset Value subject to a minimum of €3,494.06 per annum.
• Investment Account fee of 0.125% per annum on the Net Asset Value.

Charges to the investor:

• Initial fee of 3.5%.

HSBC Property Investment Fund

Charges to the Fund:

• Management Fee 1.20% per annum on the Net Asset Value
• Custody Fee 0.03% per annum on the Net Asset Value subject to a minimum of €2,329.37 per annum
• Investment Account fee of 0.125% per annum on the Net Asset Value

Administration Fee in respect of the payment of dividends

€4.66 per investor on every dividend distribution. This fee is charged directly to the income classes of shares and will be reflected in the unit price.

Charges to the Investor:

• Initial fee of 2.5% on the amount invested

Malta Government Bond Fund

Charges to the Fund:

• Management Fee 0.90% per annum
• Custody Fee 0.05% per annum
• Investment Account Fee of 0.125% per annum (minimum €23.29, maximum €116.47), per Investment Account, calculated on the value of the units held in each account
• Administration Fee in respect of the payment of dividends:
  €4.66 per investor on every dividend distribution. This fee is charged directly to the income classes of shares and will be reflected in the unit price.

Charges to the Investor:

There are no front-end charges nor exit fees. During any calendar year an investor is entitled to 3 repurchase transactions (including an exchange of shares from one Fund to another) at no charge. However, a charge of €23.29 will normally be levied on all repurchase transactions in excess of 3 per calendar year.

If redemptions are very frequent the charge may be higher, but HSBC Global Asset Management (Malta) Limited will advise the investor of its intention to do so before exercising its right. We do not anticipate using this right except where the level and amounts of redemptions on an investment account is not deemed by us to be consistent with the needs of the average long-term investor.

• Fee on Exchange of Shares:
  €11.65 per investor on any exchange of shares between an accumulator and an income class within the same Fund.

Maltese Assets Fund

Charges to the Fund:

• Management Fee 1.30% per annum
• Custody Fee 0.07% per annum
• Investment Account Fee of 0.125% per annum (minimum €23.29, maximum €116.47), per Investment Account, calculated on the value of the units held in each account
• Administration Fee in respect of the payment of dividends: €4.66 per investor on every dividend distribution. This fee is charged directly to the income classes of shares and will be reflected in the unit price.

Charges to the Investor:

There are no front-end charges nor exit fees. During any calendar year an investor is entitled to 3 repurchase transactions (including an exchange of shares from one Fund to another) at no charge. However, a charge of €23.29 will normally be levied on all repurchase transactions in excess of 3 per calendar year.

If redemptions are very frequent the charge may be higher, but HSBC Global Asset Management (Malta) Limited will advise the investor of its intention to do so before exercising its right. We do not anticipate using this right except where the level and amounts of redemptions on an investment account is not deemed by us to be consistent with the needs of the average long-term investor.

• Fee on Exchange of Shares:
  €11.65 per investor on any exchange of shares between an accumulator and an income class within the same Fund.

Maltese Money Market Fund

Charges to the Fund:

• Management Fee 0.30% per annum
• Custody Fee 0.025% per annum
• Investment Account Fee of 0.025% per annum

Charges to the Investor:

There are no front-end charges nor exit fees. During any calendar year an investor is entitled to 3 repurchase transactions (including an exchange of shares from one Fund to another) at no charge. However, a charge of €23.29 will normally be levied on all repurchase transactions in excess of 3 per calendar year.

If redemptions are very frequent the charge may be higher, but HSBC Global Asset Management (Malta) Limited will advise the investor of its intention to do so before exercising its right. We do not anticipate using this right except where the level and amounts of redemptions on an investment account is not deemed by us to be consistent with the needs of the average long-term investor.

• Fee on Exchange of Shares:
  €11.65 per investor on any exchange of shares between an accumulator and an income class within the same Fund.

Regular Savings Facility (RSF)

There is a flat fee of €58.23 for investors who set up a Regular Savings Facility (RSF) in the Malta Bond Fund, Equity Growth Fund, Malta Government Bond Fund and Maltese Assets Fund.