iFAST Research Team

2Q 2019 – Equity Funds

Important Notes:

Investment involves risks. The price of securities may go down as well as up, and under certain circumstances, an investor may sustain a total or substantial loss of investment. Past performance is not necessarily indicative of the future or likely performance of the fund.

Certain funds may have significant exposure in financial derivatives instruments (“FDI”). Risks associated with these instruments include counterparty risk, credit risk and liquidity risk. Such exposure may lead to a high risk of loss of invested capital.

Investors should read the relevant fund's prospectus for further details including the risk factors before making any investment decision. An investor should make an appraisal of the risks involved in investing in these products and consult his/her own independent and professional advisors to ensure that any decision made is suitable with regards to his/her circumstances and financial position.

The above materials are issued by iFAST Financial (HK) Limited and have not been reviewed by the SFC.

Table 1: 10 Best-Performing Equity Funds in 2Q 2019

Fund Name Market/Sector 2Q 2019

Performance 1H 2019

Performance 2018 2017 2016 2015 2014

1 JPM Russia A (dist) - USD Russia 14.57% 26.57% -5.04 5.45 44.95 6.35 -44.73

2 Manulife Global Fund - Russia

Equity Fund (USD) AA Russia 13.50% 24.61% -6.00 4.76 43.30 5.65 -44.34

3 Parvest Equity Russia (EUR) Russia 13.26% 23.49% -5.43 8.47 54.01 7.45 -43.57

4 Parvest Equity Europe Emerging

(EUR)

European Emerging Markets

13.12% 19.43% -19.88 22.58 28.69 -15.68 -31.02

5 Schroder ISF-Emerging Europe

(EUR) A Acc

European Emerging Markets

12.79% 22.52% -10.06 27.23 30.68 -8.82 -28.20

6 Barings Eastern Europe Fund

(USD) A Y-Inc

European Emerging Markets

11.92% 23.62% -14.98 21.70 29.62 -9.30 -33.66

7 BlackRock Global Funds - World

Gold Fund (USD) A2 Global 11.90% 21.95% -17.43 3.49 51.00 -21.94 -5.16

8 Schroder ISF-Global Gold (USD)

A Acc Global 11.90% 25.82% -15.28 10.19 -17.99* - -

9 JPM Emerging Europe Equity

(EUR) A YDis

European Emerging Markets

11.86% 21.66% -14.18 14.97 26.58 -10.40 -34.03

10 PineBridge Emerging Europe

Equity Fund (USD) A

European Emerging Markets

11.47% 17.57% -11.78 20.46 30.39 -18.48 -34.61

Source: Bloomberg and iFAST compilations

*Performances in the table are in HKD terms (2Q 2019 performance as at end-June 2019), calculated using NAV-to-NAV prices with

any income or dividend reinvested. Please refer to the fund factsheets.

Table 2: 10 Worst-Performing Equity Funds in 2Q 2019

Source: Bloomberg and iFAST compilations

*Performances in the table are in HKD terms (2Q 2019 performance as at end-June 2019), calculated using NAV-to-NAV prices with

any income or dividend reinvested.Please refer to the fund factsheets.

Table 3: Relative Performance Between Regional Equity Funds and Equity Markets in 2Q 2019

Regional Funds Average Fund Return in

2Q 2019 Index

Index Performance in 2Q

2019

European Emerging Markets 10.97% MSCI Emerging Market Europe Index 9.23%

Latin America 5.95% MSCI Emerging Markets

Latin America Index 3.04%

ASEAN 5.18% FTSE ASEAN AS Index 3.04%

Europe (ex UK) 4.73% STOXX 600 2.26%

Europe (Euro-Zone) 11.68% STOXX 600 2.26%

Europe (including UK) 11.47% STOXX 600 2.26%

Global 2.07% MSCI AC World Index 2.42%

Middle East 1.99% FTSE Middle East & Africa

Index 3.02%

BRIC 1.21% MSCI BRIC Index -1.74%

Source: Bloomberg and iFAST compilations *Performances in the table are in HKD terms (2Q 2019 performance as at end-June 2019), calculated using NAV-to-NAV prices with any income or dividend reinvested. Please refer to the fund factsheets.

Fund Name Market/Sector 2Q 2019

Performance 1H 2019

Performance 2018 2017 2016 2015 2014

1 Schroder ISF-Global Energy

(USD) A Acc Global -12.55 1.72 -23.10 -8.35 36.11 -37.79 -32.25

2 Value Partners Fund Series - Value Partners China A-Share

Select Fund (RMB) A Acc China A -9.01 16.59 -25.89 36.40 -11.58 7.03 16.66*

3 Invesco Energy Fund (USD) A Global -8.49 7.38 -27.63 -8.46 24.24 -31.13 -17.84

4 Invesco Korean Equity Fund

(USD) A Korea -8.43 -3.89 -28.13 26.68 -25.78 18.91 10.76

5 Manulife Advanced Fund SPC - China A Segregated Portfolio

(USD) AA Shanghai A -8.32 22.83 -29.37 33.65 -19.20 3.02 38.37

6 BlackRock Global Funds - China Fund (HKD) A2 Acc

China -7.32 8.83 -20.19 37.79 5.14 -2.67 14.68

7 Jupiter Global Fund - Jupiter

India Select (USD) L Inc India -7.31 -1.57 -24.33 35.97 0.52 6.74 44.04

8 Barings Korea Feeder Fund

(USD) Korea -7.03 -4.18 -21.56 43.22 -14.24 5.06 -10.34

9 Parvest Energy Innovators

(EUR) Global -6.99 7.03 -22.54 -1.83 30.02 -24.68 -21.15

10 Parvest Energy Innovators

(USD) Global -6.87 7.32 -23.09 -1.22 30.77 -24.80 -21.40

Table 4: Relative Performance Between Single-Country Equity Funds and Equity Markets in 2Q

2019

Single-Country/Market Funds Average Fund Return in 2Q

2019 Index

Index Performance in 2Q 2019

Russia 13.78% Russian Trading System

Cash Index 14.65%

Thailand 8.22% Stock Exchange of Thailand

SET Index 8.76%

Germany 7.44% DAX Index 8.36%

Australia 6.95% ASX 200 Index 5.27%

France 6.94% CAC 40 Index 4.28%

Brazil 6.40% Ibovespa Brasil Sao Paulo

Stock Exchange Index 7.12%

Singapore 3.22% Straits Times Index STI 2.99%

Italy 3.19% FTSE Milano Italia Borsa

Index 0.49%

US 3.08% S&P 500 Index 3.27%

Spain 2.76% IBEX 35 Index 0.28%

Source: Bloomberg and iFAST compilations *Performances in the table are in HKD terms (2Q 2019 performance as at end-June 2019), calculated using NAV-to-NAV prices with any income or dividend reinvested.

Table 5: Performance of Sector Equity Funds in 2Q 2019

Sector Performance in 2Q 2019

Gold & Precious Metals 8.32%

Finance 6.31%

New Energy 5.74%

Low Volatility 3.53%

Biotechnology 3.09%

Climate Change 2.64%

Infrastructure 2.61%

Technology 2.59%

Global Agriculture 1.65%

Healthcare 1.43%

Source: iFAST compilations

*Performances in the table are in HKD terms (2Q 2019 performance as at end-June 2019), calculated using NAV-to-NAV prices with

any income or dividend reinvested.

Table 6: 10 Most Popular Equity Funds in 2Q 2019

Fund

Performance (%)

YTD 2018 2017 2016 2015 2014

First State Asian Equity Plus Fund (USD) Class I Dis

11.29 -5.27 37.91 2.06 -2.85 13.75

Matthews Asia Funds - China Dividend Fund (USD) A Dist

15.66 -10.85 38.45 5.65 7.33 0.56

First State China Growth Fund (USD) Class I 21.57 -17.43 56.98 -3.11 -4.08 -2.76

Schroder ISF-Emerging Asia (USD) A Acc 9.91 -10.63 44.61 10.34 -7.36 8.50

Franklin Technology Fund (USD) A (acc) 35.06 1.59 41.11 7.05 7.23 13.79

Allianz China A-Shares (USD) AT 37.03 -25.71 46.78 -6.41 19.18 40.05

JPM US Technology (USD) A YDis 41.64 3.82 47.12 5.66 6.60 11.03

JPM Emerging Middle East Equity A (dist) - USD 14.85 9.31 12.18 -0.90 -20.05 13.40

JPMorgan China Pioneer A-Share Fund (USD) Acc

35.02 -28.30 49.78 -11.45 -0.91 33.31

Jupiter Global Fund - Jupiter European Growth (USD Hedged) L Acc

24.79 -1.97 22.92 -10.23 29.83 12.14

Source: iFAST compilations

Unit price is the NAV price; sales charges are not included. YTD performance figures are cumulative returns based on the price of

the fund as at 26 July 2019. All performance figures are on an NAV-to-NAV basis and denominated in HKD with dividends

reinvested on the dividend date.

*For fund(s) with performance figures less than one calendar year in the first year of launch, the performance figures shown are

calculated since launch until the end of the particular calendar year.

Table 7: New Funds on Board in 2Q 2019

Performance (%)

Fund YTD 2018 2017 2016 2015 2014

T. Rowe Price Funds SICAV - Global High Income Bond Fund (USD) Ax Mdis

9.14 -2.58 1.91* - - -

Value Partners Fund Series - Value Partners China A-Share Select Fund (RMB) A Acc

17.88 -25.89 36.40 -11.58 7.03 16.66*

Fidelity Funds - China Consumer Fund (HKD) A Acc 18.07 -20.75 54.15 0.24 -3.13 0.08

Fidelity Funds - China High Yield Fund (HKD-Hedged) A-MINCOME(G)

10.74 -5.95 6.46 11.24* - -

Source: iFAST compilations

Unit price is the NAV price; sales charges are not included. YTD performance figures are cumulative returns based on the price of

the fund as at 26 July 2019. All performance figures are on an NAV-to-NAV basis and denominated in HKD with dividends

reinvested on the dividend date.

*For fund(s) with performance figures less than one calendar year in the first year of launch, the performance figures shown are

calculated since launch until the end of the particular calendar year.

DISCLAIMER

1. Investment involves risks. The price of securities may go down as well as up, and under certain circumstances an investor may

sustain a total or substantial loss of investment. Past performance is not necessarily indicative of the future or likely performance of

the fund. Fund(s) may invest extensively in financial derivatives. Investors should read the relevant fund's prospectus for further details

including the risk factors before making any investment decision. An investor should make an appraisal of the risks involved in investing

in these products and should consult his/her own independent and professional advisors, to ensure that any decision made is suitable

with regards to his/her circumstances and financial position. The above materials are issued by iFAST Financial (HK) Limited and

have not been reviewed by the SFC.

2. Certain funds may have significant exposure in financial derivatives instruments (“FDI”). Risks associated with these instruments

include counterparty risk, credit risk and liquidity risk. Such exposure may lead to a high risk of loss of invested capital.

3. When the investment returns of a fund are denominated in a foreign currency other than the USD/HKD, US/HK dollar-based

investors are exposed to exchange rate fluctuations. RMB is currently not freely convertible and is subject to exchange controls and

restrictions. There is no guarantee that RMB will not depreciate. If you convert Hong Kong dollar or any other currency into RMB so

as to invest in the fund and subsequently convert the RMB redemption proceeds back into Hong Kong dollar or any other currency,

you may suffer a loss if RMB depreciates against the Hong Kong dollar or other currencies.

4. A risk rating of 10 indicates the highest level of risk, while a risk rating of 0 indicates the lowest level of risk.

5. The listing of funds on this page is limited to funds distributed by Fundsupermart.com only.

6. Funds invested in emerging markets may involve a higher degree of risk, and may be more sensitive to price movements relative

to the developed markets.

7. The fund/the investment manager may at its/his discretion pay dividends out of the capital of the fund or charge all or part of the

fund’s fees and expenses to the capital of the fund (as the case may be).

8. In the case where the fund may pay dividends out of capital, dividends paid out of capital amount to a return or withdrawal of part

of an investor's original investment or from any capital gains attributable to that original investment. Such dividends may result in an

immediate decrease of the net asset value per share/unit.

9. In the case where the fund may charge its fees and expenses to capital, charging all or part of the fees and expenses to the capital

will result in income being increased for distribution, however, the capital that the fund has available for investment in the future and

capital growth may be reduced.

10. The net asset value of a fund that invests in high-yield bonds may decline or be negatively affected if there is a default of any of

the high yield bonds that it invests in or if interest rates change.

11. Other key risks that may relate to the relevant fund includes concentration of investments in particular types of specialized debt or

a specific geographical region or sovereign securities.

12. This report aims to provide general investment or financial analyses based on your customised input, and such results are not to

be construed as us providing investment recommendations or advice. Your use and reliance upon such analyses is at your own risk.

RISK DISCLOSURE STATEMENTS

JPM Russia A (dist) - USD

RISK DISCLOSURE STATEMENTS

• The Fund invests primarily in a concentrated portfolio of Russian companies.

• The Fund is therefore exposed to emerging markets, concentration, smaller companies, single country, Russia market, currency,

liquidity, equity and Eurozone sovereign debt crisis risks.

• The Fund may at its discretion pay dividends out of capital. The Fund may also at its discretion pay dividends out of gross income

while charging all or part of the Fund's fees and expenses to the capital of the Fund, resulting in an increase in distributable amount

for the payment of dividends and therefore, effectively paying dividends out of realised, unrealised capital gains or capital. Investors

should note that, share classes of the Fund which pay dividends may distribute not only investment income, but also realised and

unrealised capital gains or capital. Payment of dividends out of capital amounts to a return or withdrawal of part of an investor's

original investment or from any capital gains attributable to that original investment. Any dividend payments, irrespective of whether

such payment is made up or effectively made up out of income, realised and unrealised capital gains or capital, may result in an

immediate reduction of the net asset value per share.

• Investors may be subject to substantial losses.

• Investors should not solely rely on this document to make any investment decision.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Manulife Global Fund - Russia Equity Fund (USD) AA

RISK DISCLOSURE STATEMENTS

• Manulife Global Fund is an umbrella fund comprising a number of sub-funds investing in equity and / or fixed income securities,

each of which has a different investment objective and risk profile.

• Certain sub-funds invest in emerging economies or markets, where special risks, including liquidity, volatility, government policies,

taxation, currency, currency repatriation, political and regulatory risks, may be substantially higher than the risks normally associated

with more developed economies or markets.

• Certain sub-funds invest in securities of small and medium sized companies in the relevant markets. This can involve greater risk

than is customarily associated with investments in larger and more established companies.

• Certain sub-funds concentrate their investments in a single country and / or a particular industry sector are subject to greater risks

than diversified investments in several countries and / or regions and across sectors.

• The Inc share classes of the sub-funds do not guarantee distribution of dividends, the frequency of distribution, and the amount /

rate of dividends. Dividends may be paid out of income, realized capital gains and / or out of capital of certain sub-funds in respect

of Inc share classes. Dividends paid out of capital of these sub-funds amounts to a return or withdrawal of part of the amount of an

investor’s original investment or from any capital gains attributable to that original investment, and may result in an immediate

decrease in the net asset value per share in respect of such classes of the sub-funds.

• Investment involves risk. The sub-funds may expose their investors to capital loss. Investors should not invest solely based on this

material and should read the offering document for details including the risk factors, charges and features of the sub-funds and their

share classes.

• Fund prices may go down as well as up. Past performance information presented is not indicative of future performance.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Parvest Equity Russia (EUR)

RISK DISCLOSURE STATEMENTS

• The fund seeks to increase the value of its assets over the medium term by investing mainly in equities and/or equity equivalent

securities issued by companies that have their registered office or conduct the majority of their business activities in Russia.

• The fund has significant exposure to emerging markets and a single country (Russia) and is likely to be subject to a greater

concentration risk and higher volatility than a more diversified investment. Emerging markets may have higher legal, regulatory and

political risk.

• The management company may at its discretion pay dividends out of the capital of the fund. Payment of dividends out of capital

amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original

investment. Any distributions involving payment of dividends out of the fund’s capital may result in an immediate reduction of the net

asset value per share.

• Investors should not solely rely on this document to make any investment decision. Please refer to the Hong Kong offering

document for further information (including the risk factors) about the fund.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Parvest Equity Europe Emerging (EUR)

RISK DISCLOSURE STATEMENTS

• The fund seeks to increase the value of its assets over the medium term by investing mainly in equities and/or equity equivalent

securities of companies that have their registered offices or conduct the majority of their business activities in emerging countries in

Europe.

• The fund may use financial derivative instruments extensively for investment and/or hedging purposes, which may involve material

additional risks, for example counterparty default risk or insolvency, volatility risk, liquidity risk, leverage risk and valuation risk, and

may expose the fund to significant losses.

• The fund has significant exposure to a geographical region (Europe) and emerging markets and is likely to be subject to a greater

concentration risk and higher volatility than a more diversified investment. Emerging markets may have higher legal, regulatory and

political risk.

• The management company may at its discretion pay dividends out of the capital of the fund. Payment of dividends out of capital

amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original

investment. Any distributions involving payment of dividends out of the fund’s capital may result in an immediate reduction of the net

asset value per share.

• Investors should not solely rely on this document to make any investment decision. Please refer to the Hong Kong offering

document for further information (including the risk factors) about the fund.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Schroder ISF-Emerging Europe (EUR) A Acc

RISK DISCLOSURE STATEMENTS

• The fund may have significant exposure in financial derivatives instruments (up to 100% of its total net asset) such as options,

futures, contracts for difference, warrants, swaps, forward contracts. Risks associated with these instruments include counterparty

risk, credit risk and liquidity risk. Under extreme market conditions and circumstances, investors may lose entire amount originally

invested.

• The fund’s investment in emerging and less developed markets may be subject to significant risks such as political and economic

risks, legal and regulatory risks, market and settlement risks, execution and counterparty risk, and currency risk.

• You should not make any investment decision solely based on this document. Please read the relevant offering document carefully

for further fund details including risk factors.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Barings Eastern Europe Fund (USD) A Y-Inc

RISK DISCLOSURE STATEMENTS

• The Fund invests in a diversified portfolio of securities of issuers located in or with a significant exposure to the emerging markets

of Europe.

• The Fund may subject to the risk of substantial capital losses arising from investment in emerging markets which may involve

higher liquidity, volatility, currency, political and regulatory risks than developed markets.

• The Fund may invest in derivatives for investment purposes which may expose the Fund to higher counterparty, liquidity and

volatility risks. Such Investments may result in higher volatility or a significant loss in the Fund’s assets within a short period of time.

• Dividends may be paid out of capital gains at the discretion of the Managers which would effectively represent paying dividend out

of capital. This amounts to a return or withdrawal of part of an investor’s original investment or any capital gains attributable to that

original investment. Payment of dividends may result in an immediate reduction of the net asset value of the Fund.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

BlackRock Global Funds - World Gold Fund (USD) A2 RISK DISCLOSURE STATEMENTS • The Fund's investments in equities could incur significant losses due to fluctuation of equity values. The Fund has a particularly concentrated portfolio and if a particular investment declines in value it may have a more pronounced effect than if the Fund held a larger number of investments. The Fund invests in certain emerging markets that may be subject to additional risks arising from political, economic and market factors. The Fund invests in small-cap company shares which can be more volatile and less liquid than those of larger companies. • The Fund may use derivatives to hedge market and currency risk and for efficient portfolio management. However, derivatives will not be extensively or primarily used for investment purposes. In an adverse situation, the Fund may suffer significant losses from their derivatives usage for hedging and efficient portfolio management. • The value of a Fund can be volatile and could go down substantially within a short period of time. It is possible that the certain amount of your investment could be lost. • Investors should not only base on this marketing material alone to make investment decision. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client.

Schroder ISF-Global Gold (USD) A Acc

RISK DISCLOSURE STATEMENTS

• The fund invests primarily in equities of gold related companies.

• The fund invests in equity would subject to equity investment risk.

• The fund invests in gold and other precious metals, which the commodity markets generally are subject to greater risks than other

markets and are influenced by, without limitation, consumption patterns, macro economic factors, weather conditions, natural

disasters, trade, fiscal, monetary and exchange policies and controls of governments and other unforeseeable events. This may

adversely affect the net asset value of the fund.

• The fund invests in concentrated region/sector and subjects to higher level of risks than a fund investing in a more diversified

portfolio/strategy.

• The fund may use derivatives to meet its investment objective but does not intend to use derivatives extensively for investment

purposes. Derivatives exposure may involve higher counterparty, liquidity and valuation risks. In adverse situations, the fund may

suffer significant losses from their derivative usage for hedging.

• For share classes with a general dividend policy, expenses will be paid out of capital rather than out of gross income. The amount

of distributable income therefore increases and the amount so increased may be considered to be dividend paid out of capital.

Share classes with a fixed dividend policy may pay out both income and capital in distributions. Where distributions are paid out of

capital, this amounts to a return or withdrawal of part of your original investment or capital gains attributable to that and may result in

an immediate decrease in the net asset value of shares.

• You should not make any investment decision solely based on this document. Please read the relevant offering document carefully

for further fund details including risk factors.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

JPM Emerging Europe Equity (EUR) A YDis RISK DISCLOSURE STATEMENTS • The Fund invests primarily in companies in European emerging market countries, including Russia. • The Fund is therefore exposed to emerging markets, concentration, smaller companies, Russia market, currency, liquidity, equity and Eurozone sovereign debt crisis risks. • The Fund may at its discretion pay dividends out of capital. The Fund may also at its discretion pay dividends out of gross income while charging all or part of the Fund's fees and expenses to the capital of the Fund, resulting in an increase in distributable amount for the payment of dividends and therefore, effectively paying dividends out of realised, unrealised capital gains or capital. Investors should note that, share classes of the Fund which pay dividends may distribute not only investment income, but also realised and unrealised capital gains or capital. Payment of dividends out of capital amounts to a return or withdrawal of part of an investor's original investment or from any capital gains attributable to that original investment. Any dividend payments, irrespective of whether such payment is made up or effectively made up out of income, realised and unrealised capital gains or capital, may result in an immediate reduction of the net asset value per share. • Investors may be subject to substantial losses. • Investors should not solely rely on this document to make any investment decision.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. PineBridge Emerging Europe Equity Fund (USD) A

RISK DISCLOSURE STATEMENTS • The Fund invests primarily in equity and equity-related securities of issuers domiciled in or exercising the predominant part of their economic activities in the Czech Republic, Hungary, Poland, Russia and Turkey and may be exposed to additional risks (e.g. investment in Russia, equity, emerging markets, market volatility and country selection risks, etc). • The Fund may use financial derivative instruments (“FDI”) for efficient portfolio management (including hedging) purposes only but will not use FDI extensively for any purpose. . • Dividends, if any, may be paid out of capital of the Fund at the discretion of the Manager. This amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment and may result in an immediate decrease in the net asset value of the Fund. • Investors may be subject to substantial losses due to investment loss risk and the leveraging effect of using FDI. • Investors should not rely solely on this material to make investment decisions. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client.

Schroder ISF-Global Energy (USD) A Acc

RISK DISCLOSURE STATEMENTS

• The fund may have significant exposure in financial derivatives instruments (up to 100% of its total net asset) such as options,

futures, contracts for difference, warrants, swaps, forward contracts. Risks associated with these instruments include counterparty

risk, credit risk and liquidity risk. Under extreme market conditions and circumstances, investors may lose entire amount originally

invested.

• The fund’s investment in a single sector may be subject to a higher level of risks comparing to a fund investing in a more

diversified portfolio/strategy.

• You should not make any investment decision solely based on this document. Please read the relevant offering document carefully

for further fund details including risk factors.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Value Partners Fund Series - Value Partners China A-Share Select Fund (RMB) A Acc

RISK DISCLOSURE STATEMENTS

• Value Partners China A-Share Select Fund (The “Fund”) invests primarily in RMB-denominated equities in China.

• The Fund is also subject to concentration risk as a result of investing only in China. Adverse developments in such region may

affect the value of the underlying securities in which the Fund invests. The value of the Fund can be extremely volatile and could go

down substantially within a short period of time. It is possible that the entire value of your investment could be lost.

• The Fund intends to invest predominantly in China A Shares directly, via its Manager’s RQFII quota. Investors will be subject to

certain risks including repatriation risk, custodial risk, regulatory risk and risks associated with the Manager’s RQFII status. In

addition, the RQFII policy and rules are relatively new and there may be uncertainty in implementation and such policy and rules are

subject to change. All these may adversely impact the Fund.

• The Fund and its primary investments are denominated in RMB. RMB is currently not a freely convertible currency and is subject

to foreign exchange control policies, as well as repatriation restrictions imposed by the PRC government. Investors whose base

currencies of investments are not in RMB should take into account the potential risk of loss arising from fluctuations in value

between such currencies and the RMB.

• The Fund may invest in debt securities including those that are below investment grade/unrated, and may involve greater risks,

including credit risk, issuer-specific risk, counterparty risk and sovereign debt risk. The Fund may also invest in derivatives which

can involve material risks, e.g. counterparty default risk, insolvency or liquidity risk. All these may expose the Fund to significant

losses.

• You should not make investment decision on the basis of this material alone. Please read the explanatory memorandum for details

and risk factors.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Invesco Energy Fund (USD) A

RISK DISCLOSURE STATEMENTS

• The Fund invests in an international portfolio of energy stocks.

• Investors should note the risk of investing in sector-based/concentrated fund, concentration risk of investing in energy stock,

equities risk, investment risk, and risk relating to those share classes denominated/dealt in a different currency than the base

currency of the Fund.

• Financial derivative instruments may be used for efficient portfolio management purposes or to hedge or reduce the overall risk of

investments. The use of derivatives may become ineffective and the Fund may suffer significant losses.

• The value of the Fund can be volatile and could go down substantially.

• Investors should not base their investment decision on this material alone.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Invesco Korean Equity Fund (USD) A

RISK DISCLOSURE STATEMENTS • The Fund invests in securities or Korean companies or other entities or subsidiaries of Korean companies and securities listed or traded on the Korean securities markets. • Investors should note the risk of investing in sector-based/concentrated fund, risk of investing in Korea, risk of investing in securities denominated in Korean Won, concentration risk of investing in securities of Korean companies, equities risk, investment risk, and risk relating to those share classes denominated/dealt in a different currency than the base currency of the Fund. • Financial derivative instruments may be used for efficient portfolio management purposes or to hedge or reduce the overall risk of investments. The use of derivatives may become ineffective and the Fund may suffer significant losses. • The value of the Fund can be volatile and could go down substantially. • Investors should not base their investment decision on this material alone. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. Manulife Advanced Fund SPC - China A Segregated Portfolio (USD) AA

RISK DISCLOSURE STATEMENTS • Manulife Advanced Fund SPC is an umbrella fund comprising a number of sub-funds investing primarily in equity and bond securities, each of which has a different investment objective and risk level. • Certain sub-funds with significant exposure to Renminbi (“RMB”) bonds / equity / assets or emerging markets, may involve debt instrument, credit / counterparty, concentration, liquidity, volatility, currency, tax, economic, foreign exchange / multi-currency conversion, down-grading, regulatory and political risks and these risks could be substantially higher than the risks normally associated with the world’s more established markets. • The sub-funds do not guarantee distribution of dividends, the frequency of distribution, and the amount / rate of dividends. A sub fund may at its discretion pay dividend out of capital or gross income while charging / paying all or part of its fees and expenses out of its capital. This amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment, and may result in an immediate reduction of the net asset value per share of the respective share classes after the distribution date. • A bond sub-fund may hold a significant portion of assets in deposits if there are not sufficient RMB instruments for it to invest in. This may adversely affect its return and performance. • Certain sub-funds using QFII quota to invest directly in debt instruments / shares are subject to various requirements and restrictions under the laws of Mainland China related to QFII investment and custodial risks. • RMB is not freely convertible and is subject to exchange controls and restrictions. • Investment involves risk. The sub-funds may expose to a high risk of capital loss. Investors should not invest solely based on this material and should read the offering document for details including the risk factors, charges and features of the sub-funds. • Fund prices may go down as well as up. Past performance information presented is not indicative of future performance. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client.

BlackRock Global Funds - China Fund (HKD) A2 Acc

RISK DISCLOSURE STATEMENTS

• The Fund's investments in equities could incur significant losses due to higher fluctuation of equity values. The Fund invests in

certain emerging markets and may be subject to political, tax, economic, social and foreign exchange risks. Additional risk relates to

repatriation of capital from investment in some restricted equity securities. The Fund's investments are concentrated in China. This

may result in greater volatility than more broad-based investments.

• The Fund is subject to currency risk, smaller companies’ volatility and liquidity risks and securities lending counterparty risk.

• The Fund may use derivatives for hedging and for investment purposes. However, usage for investment purposes will not be

extensive. The Fund may suffer losses from its derivatives usage.

• The value of the Fund can be volatile and can go down substantially within a short period of time. It is possible that a certain

amount of your investment could be lost.

• Investors should not make investment decisions based on this document alone. Investors should refer to the Prospectus and Key

Facts Statement for details including risk factors.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Jupiter Global Fund - Jupiter India Select (USD) L Inc

RISK DISCLOSURE STATEMENTS • Jupiter India Select (the “Fund”) primarily invests in equities and equity-related securities in India, and selected opportunities in

Pakistan, Bangladesh, Sri Lanka, Bhutan, Nepal and the Maldives.

• Such investments may be subject to strong price fluctuations; it is also likely to be more volatile than funds with a broader range of

investments. Investment in emerging and less developed markets would be subject to certain risk factors and involve considerations

not typically associated with investment in major western jurisdiction, including the legal, judicial and regulatory infrastructure, the

development of securities markets, the accounting, auditing and financial reporting standards and requirements, the corporate

legislation and availability of information to investors. The Fund may fall in value and therefore investment in the Fund may suffer

losses. The Fund may also be subject to foreign exchange risks.

• The Fund may make use of any one or a combination of the following instruments hedging or efficient portfolio management

purposes only: futures, options and swaps and other financial derivative instruments (“FDI”). In adverse circumstances, the Fund’s

use of FDI may become ineffective in hedging/efficient portfolio management and the Fund may suffer significant losses in relation

to those investments.

• This investment involves risks which may result in loss of part or the entire amount of your investment. Investors should not base

their investment decision on this document alone and must refer to the Hong Kong offering documents of the Fund for further details

(including risk factors) prior to investing.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Barings Korea Feeder Fund (USD) RISK DISCLOSURE STATEMENTS • The Fund invests solely in the Units of the Baring Korea Trust, which is a unit trust primarily investing in securities with equity participation. • Investment in the Units of the Baring Korea Trust is subject to market risk and higher concentration risk compared to a more diversified portfolio therefore may not be suitable for all investors. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. Parvest Energy Innovators (EUR)

RISK DISCLOSURE STATEMENTS

• The fund seeks to increase the value of its assets over the medium term by investing mainly in equities and/or equity equivalent

securities issued by companies that conduct the majority of their business activities in the energy sector and in related or connected

sectors.

• The fund may use financial derivative instruments extensively for investment and/or hedging purposes, which may involve material

additional risks, for example counterparty default risk or insolvency, volatility risk, liquidity risk, leverage risk and valuation risk, and

may expose the fund to significant losses.

• The fund has significant exposure to a single sector and is likely to be subject to a greater concentration risk and higher volatility

than a more diversified investment.

• The management company may at its discretion pay dividends out of the capital of the fund. Payment of dividends out of capital

amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original

investment. Any distributions involving payment of dividends out of the fund’s capital may result in an immediate reduction of the net

asset value per share.

• Investors should not solely rely on this document to make any investment decision. Please refer to the Hong Kong offering

document for further information (including the risk factors) about the fund.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Parvest Energy Innovators (USD) RISK DISCLOSURE STATEMENTS • The fund seeks to increase the value of its assets over the medium term by investing mainly in equities and/or equity equivalent securities issued by companies that conduct the majority of their business activities in the energy sector and in related or connected sectors. • The fund may use financial derivative instruments extensively for investment and/or hedging purposes, which may involve material additional risks, for example counterparty default risk or insolvency, volatility risk, liquidity risk, leverage risk and valuation risk, and may expose the fund to significant losses. • The fund has significant exposure to a single sector and is likely to be subject to a greater concentration risk and higher volatility than a more diversified investment. • The management company may at its discretion pay dividends out of the capital of the fund. Payment of dividends out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of the fund’s capital may result in an immediate reduction of the net asset value per share. • Investors should not solely rely on this document to make any investment decision. Please refer to the Hong Kong offering document for further information (including the risk factors) about the fund. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. First State Asian Equity Plus Fund (USD) Class I Dis RISK DISCLOSURE STATEMENTS • The Fund invests primarily in equity and equity related securities of companies that are listed, or have their registered offices in, or conduct a majority of their economic activity in the Asia Pacific region excluding Japan. The Fund's investments may be concentrated in a single sector, country, specific region or small numbers of companies/countries which may have higher volatility or greater loss of capital than more diversified portfolios. • Investing in securities of small/mid-capitalisation companies may have lower liquidity and more volatile prices to adverse economic developments. • The Fund invests in emerging markets which may have increased risks than developed markets including liquidity risk, currency risk/control, political and economic uncertainties, high degree of volatility, settlement risk and custody risk. The Fund may expose to China market risk including repatriation risk, uncertainties to taxation policies and risk associated with StockConnects. The Fund may also expose to RMB currency and conversion risk. • The Fund may use FDIs for hedging and efficient portfolio management purposes, which may subject the Fund to additional liquidity, valuation, counterparty and over the counter transaction risks. • For certain share classes, the Fund may at its discretion pay dividend out of capital or pay fees and expenses out of capital to increase distributable income and effectively a distribution out of capital. This amounts to a return or withdrawal of your original investment or from any capital gains attributable to that, and may result in an immediate decrease of NAV per share. • It is possible that a part or entire value of your investment could be lost. You should not base your investment decision solely on this document. Please read the offering document including risk factors for details. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client.

Matthews Asia Funds - China Dividend Fund (USD) A Dist

RISK DISCLOSURE STATEMENTS

•Investment in this Fund involves risk. Please refer to the Hong Kong Offering Document for further details of the risk factors.

• The Fund invests primarily in Mainland China-related companies. Investing in such companies involve certain risks and special

considerations such as greater political, tax, economic and regulatory risks. Additional risks relate to liquidity and the repatriation of

capital and income due to currency controls which may adversely impact the value of the Fund holdings.

• Distribution of dividends, if any, is not guaranteed. There can be no guarantee that companies that the Fund invests in, and which

have historically paid dividends, will continue to pay them or to pay them at the current rates in the future.

• The Fund invests primarily in equity securities, concentrated in China, which may result in increased volatility. It is possible to lose

the principal capital of your investment.

• The Fund may invest in smaller companies which are likely to carry higher risks than larger companies.

• The Fund does not hedge to attempt to offset certain market risks. This may expose the Fund to the risk of full losses resulting

from a decline in a security’s value.

• The Fund may hold investments denominated in multiple currencies. Movements in the exchange rate between these currencies

and the base currency of the Fund may adversely affect performance.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

First State China Growth Fund (USD) Class I RISK DISCLOSURE STATEMENTS • The Fund is a portfolio that invests in securities issued by companies with either assets in, or revenues derived from the People’s Republic of China. • Other than the “Risk factors” of the Fund’s offering document - particularly the China Market Risk and Emerging Markets Risks, the Fund also involves Single Country Risk. • The value of the Fund can be extremely volatile according to the change of market situation and could go down within a short period of time. It is possible that the entire value of your investment could be lost. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. Schroder ISF-Emerging Asia (USD) A Acc RISK DISCLOSURE STATEMENTS • The fund may have significant exposure in financial derivatives instruments (up to 100% of its total net asset) such as options, futures, contracts for difference, warrants, swaps, forward contracts. Risks associated with these instruments include counterparty risk, credit risk and liquidity risk. Under extreme market conditions and circumstances, investors may lose entire amount originally invested. • The fund’s investment in emerging and less developed markets may be subject to significant risks such as political and economic risks, legal and regulatory risks, market and settlement risks, execution and counterparty risk, and currency risk. • You should not make any investment decision solely based on this document. Please read the relevant offering document carefully for further fund details including risk factors. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. Franklin Technology Fund (USD) A (acc) RISK DISCLOSURE STATEMENTS • The Fund may invest in emerging market securities which are exposed to higher risk of economic, political and regulatory changes that may pose additional risk to the Fund. • The Fund may invest primarily in a single sector, and is subject to higher concentration risk and as a result may be more volatile than funds following a more diversified policy. • The Fund's value may be affected by exchange control regulations and changes in exchange rates. • This investment involves risks which may result in loss of part or entire amount of your investment. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. Allianz China A-Shares (USD) AT RISK DISCLOSURE STATEMENTS • The Fund aims at long-term capital growth, investing primarily in the A-Shares equity markets of the PRC. • The Fund is exposed to various risks which include risks associated with the small-capitalisation/mid-capitalisation companies, the Qualified Foreign Institutional Investors (“QFII”)/Renminbi Qualified Foreign Institutional Investor (“RQFII”) regime, investing in closed-end funds and the Stock Connect, emerging market risk, company-specific risk, concentration risk, PRC tax risk and currency risk.

• The Fund utilizes the QFII quota of Allianz Global Investors GmbH (the Management Company/QFII holder) and the RQFII quota of Allianz Global Investors Singapore Limited (RQFII holder) to invest in the China A-Shares market. Repatriation of investments in the PRC is subject to limitation and restrictions imposed by relevant PRC laws and regulations and may expose the Fund to higher liquidity risk. • This investment may involve risks that could result in loss of part or entire amount of investors’ investment. • In making investment decisions, investors should not rely solely on this material. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. JPM US Technology (USD) A YDis RISK DISCLOSURE STATEMENTS •The Fund invests primarily in technology, media and telecommunications related US companies. • The Fund is therefore exposed to smaller companies, technology related companies, single country, liquidity and equity risks. • The Fund may at its discretion pay dividends out of capital. The Fund may also at its discretion pay dividends out of gross income while charging all or part of the Fund's fees and expenses to the capital of the Fund, resulting in an increase in distributable amount for the payment of dividends and therefore, effectively paying dividends out of realised, unrealised capital gains or capital. Investors should note that, share classes of the Fund which pay dividends may distribute not only investment income, but also realised and unrealised capital gains or capital. Payment of dividends out of capital amounts to a return or withdrawal of part of an investor's original investment or from any capital gains attributable to that original investment. Any dividend payments, irrespective of whether such payment is made up or effectively made up out of income, realised and unrealised capital gains or capital, may result in an immediate reduction of the net asset value per share. • Investors may be subject to substantial losses. • Investors should not solely rely on this document to make any investment decision. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. JPM Emerging Middle East Equity A (dist) - USD RISK DISCLOSURE STATEMENTS •The Fund invests primarily in companies of the emerging markets of the Middle East region. • The Fund is therefore exposed to emerging markets, participation notes, concentration, smaller companies, currency, liquidity and equity risks. • The Fund may at its discretion pay dividends out of capital. The Fund may also at its discretion pay dividends out of gross income while charging all or part of the Fund's fees and expenses to the capital of the Fund, resulting in an increase in distributable amount for the payment of dividends and therefore, effectively paying dividends out of realised, unrealised capital gains or capital. Investors should note that, share classes of the Fund which pay dividends may distribute not only investment income, but also realised and unrealised capital gains or capital. Payment of dividends out of capital amounts to a return or withdrawal of part of an investor's original investment or from any capital gains attributable to that original investment. Any dividend payments, irrespective of whether such payment is made up or effectively made up out of income, realised and unrealised capital gains or capital, may result in an immediate reduction of the net asset value per share. • Investors may be subject to substantial losses. • Investors should not solely rely on this document to make any investment decision. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. JPMorgan China Pioneer A-Share Fund (USD) Acc RISK DISCLOSURE STATEMENTS • The Fund invests primarily in PRC securities, including but not limited to A-Shares. • The Fund is therefore exposed to emerging markets, liquidity, PRC tax, equity, hedging and derivatives risks. The Fund has exposure to the China A-Share market (including PRC exchange traded stock index futures) via a QFII license and/or the Shanghai-Hong Kong Stock Connect. Investors will be subject to the associated QFII, China market, PRC exchange traded stock index futures, PRC brokerage, RMB currency, Shanghai-Hong Kong Stock Connect and diversification risks. RMB is currently not freely convertible and RMB convertibility from offshore RMB (CNH) to onshore RMB (CNY) is a managed currency process subject to foreign exchange control policies of and restrictions imposed by the Chinese government. There can be no assurance that RMB will not be subject to devaluation at some point. • Investors may be subject to substantial losses. • Investors should not solely rely on this document to make any investment decision. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. Jupiter Global Fund - Jupiter European Growth (USD Hedged) L Acc RISK DISCLOSURE STATEMENTS • Jupiter European Growth (“The Fund”) primarily invests in equities and equity-related securities in Europe including listed preference shares, listed convertible unsecured loan stock, listed warrants and other similar securities. • Such investments may be subject to investment risks, volatility risks, credit risks, liquidity risks, concentration risks and foreign exchange risks. • The Fund may make use of any one or a combination of the following instruments for hedging or efficient portfolio management purposes only: futures, options and swaps and other financial derivative instruments (“FDI”). In adverse circumstances, the Fund’s use of financial derivative instruments may become ineffective in hedging/efficient portfolio management and the Fund may suffer significant losses in relation to those investments. • This investment involves risks which may result in loss of part or the entire amount of your investment. Investors should not base their investment decision on this document alone and must refer to the Hong Kong offering documents of the Fund for further details (including risk factors) prior to investing. • The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note: Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a particular request from client. T. Rowe Price Funds SICAV - Global High Income Bond Fund (USD) Ax Mdis

RISK DISCLOSURE STATEMENTS

• The Fund invests mainly in a diversified portfolio of high yield corporate debt securities from issuers around the world, including

emerging markets. The Fund may invest up to 40% of its net asset value in emerging markets.

• Investment in the Fund involves risks, including general investment risk, emerging markets risk, geographic concentration risk and

currency risk which may result in loss of a part or the entire amount of your investment.

• The investment in debt securities is also subject to credit/counterparty risk, interest rate risk, volatility/liquidity risk in emerging

markets, downgrading risk, credit rating risk, risk associated with high yield debt securities which are generally rated below

investment grade or unrated, risk associated with contingent convertible bonds and valuation risk.

• The Fund may use derivatives (including OTC derivatives and exchange-traded derivatives) extensively for hedging and

investment purposes (including efficient portfolio management) and is subject to derivatives risk. The Fund may also have a high

leverage exposure and may implement active currency position and is subject to relevant risks. Exposure to derivatives may also

lead to a risk of significant loss to the Fund.

• For Class Ax, dividend are paid on a discretionary basis. Dividend may be paid directly out of capital and/or effectively out of the

capital of the share class by distributing all gross income prior to the deduction of any fees and expenses attributable to the share

class. Payment of dividends directly out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an

investor’s original investment or from any capital gains attributable to that original investment. Any such distribution may result in an

immediate reduction of net asset value per share. This could also erode capital and constrain future growth.

• The value of the Fund can be volatile and could go down substantially.

• You should not invest in the Fund unless the intermediary which sells you the Fund has advised you that the Fund is suitable for

you.

• Investors should not invest in the Fund solely based on this document.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Value Partners Fund Series - Value Partners China A-Share Select Fund (RMB) A Acc

RISK DISCLOSURE STATEMENTS

• Value Partners China A-Share Select Fund (The “Fund”) invests primarily in RMB-denominated equities in China.

• The Fund is also subject to concentration risk as a result of investing only in China. Adverse developments in such region may

affect the value of the underlying securities in which the Fund invests. The value of the Fund can be extremely volatile and could go

down substantially within a short period of time. It is possible that the entire value of your investment could be lost.

• The Fund intends to invest predominantly in China A Shares directly, via its Manager’s RQFII quota. Investors will be subject to

certain risks including repatriation risk, custodial risk, regulatory risk and risks associated with the Manager’s RQFII status. In

addition, the RQFII policy and rules are relatively new and there may be uncertainty in implementation and such policy and rules are

subject to change. All these may adversely impact the Fund.

• The Fund and its primary investments are denominated in RMB. RMB is currently not a freely convertible currency and is subject

to foreign exchange control policies, as well as repatriation restrictions imposed by the PRC government. Investors whose base

currencies of investments are not in RMB should take into account the potential risk of loss arising from fluctuations in value

between such currencies and the RMB.

• The Fund may invest in debt securities including those that are below investment grade/unrated, and may involve greater risks,

including credit risk, issuer-specific risk, counterparty risk and sovereign debt risk. The Fund may also invest in derivatives which

can involve material risks, e.g. counterparty default risk, insolvency or liquidity risk. All these may expose the Fund to significant

losses.

• You should not make investment decision on the basis of this material alone. Please read the explanatory memorandum for details

and risk factors.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Fidelity Funds - China Consumer Fund (HKD) A Acc

RISK DISCLOSURE STATEMENTS

• This fund invests primarily in Chinese or Hong Kong consumer companies.

• The fund is subject to investment, equities, foreign currency, holdings concentration, RMB currency risk and risks of investing in

emerging markets specific to the PRC market. The fund’s investments are concentrated in Hong Kong and China and the value of

the fund may be more volatile. The fund may invest in China A shares directly through the Qualified Foreign Institutional Investor

(“QFII”) scheme and may incur losses due to limited investment opportunities, illiquidity of the China A shares market, and/or delay

or disruption in execution of trades or in settlement of trades. The fund may invest in equity linked notes which may subject to the

default risk of the structurer of the note. The fund may invest in certain eligible China A Shares via the Shanghai-HK Stock Connect

which may be subject to quota limitations and regulatory risk.

• This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater

volatility).

• Investors may suffer substantial loss of their investments in the fund. Investor should not invest in the fund solely based on the

information provided in this document and should read the prospectus (including potential risks involved) for details.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.

Fidelity Funds - China High Yield Fund (HKD-Hedged) A-MINCOME(G)

RISK DISCLOSURE STATEMENTS

• This fund invests primarily in debt securities in the Greater China region.

• This fund may be subject to investment, foreign currency, RMB currency and credit rating risk, the risks of investing in emerging

markets specific to the China, Hong Kong and Macau market and risks specific to the PRC market. The fund’s investments are

concentrated in China, Hong Kong, Taiwan and Macau and the value of the fund may be more volatile. This fund may invest in

bonds or debt securities which may be subject to credit, liquidity,counterparty and market risks. The fund will also invest in non-

investment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile

than higher rated securities. The fund is subject to risks associated with investments in China fixed income instruments, such as

credit, insolvency and liquidity risk of fixed income instruments. The fund may invest in the “Dim Sum” bond market, which may be

more susceptible to volatility and illiquidity, and subject to risk of regulatory changes.

• This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater

volatility).

• Dividend of certain share classes, at the Board’s discretion, may be 1) paid out of gross income, i.e. the fund may pay dividend

effectively out of capital; or 2) paid directly out of capital where the net income generated by the fund is insufficient to pay a

distribution as declared. This will represent a return or withdrawal of part of the amount they originally invested or from any capital

gains attributable to the original investment. This may result in an immediate decrease in the fund’s NAV per share.

• Investors may suffer substantial loss of their investments in the fund. Investor should not invest in the fund solely based on the

information provided in this document and should read the prospectus (including potential risks involved) for details.

• The regulatory requirements of SFC state that investors should not invest in the product unless the intermediary who sells it to you

has advised you that the product is suitable for you and explained how it is consistent with your investment objectives. Note:

Fundsupermart.com is a self-directed online distributor and we only provide limited personal financial advisory services upon a

particular request from client.