Investor Profile QuestionnaireHSBC Investment Funds (Canada) Inc.

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Your Investor Profile Questionnaire

Date

Select one:

First: This is the first Investor Profile Questionnaire for a new account with HSBC Investment Funds (Canada) Inc. (HIFC) Update: This is an updated Investor Profile Questionnaire to replace the current one for an existing HIFC account

HIFC Account Number (Note: for a new HIFC account, the number to be added once the account is opened)

Account type:

This Investor Profile Questionnaire relates to the following account with HIFC (note: complete a separate Investor Profile Questionnaire for each account):

Registered Retirement Savings Plan (RRSP, Spousal RRSP)Registered Retirement Income Funds (RRIF, Spousal RRIF)Locked-in Retirement Account (LIRA, LRSP)Life Income Fund (LIF)

Personal Non-Registered AccountNon-Personal AccountTax-Free Savings Account (TFSA)Registered Education Savings Plan (RESP)

Account holder name(s)

Account Holder 1 / Subscriber 1 / Annuitant: First Name Last name

Account Holder 2 / Subscriber 2: First Name Last name

Account Holder 3: First Name Last name

Account Holder 4: First Name Last name

Legal (registered) Name of Business or Organization

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The first step in determining a suitable investment solution for you is to understand certain information about you (and if this is a joint account, also the other account holders), including your personal circumstances, investment objectives, time horizon, age, and risk tolerance. To do this, we have prepared this Investor Profile Questionnaire that asks a series of questions. The answers will help us determine your investor type for a specific account and will result in you being identified as one of five investor types, which we call Investor Profiles - Conservative, Moderate Conservative, Balanced, Growth, Aggressive Growth. Once you know your Investor Profile for a specific account, you can work with your Mutual Fund Advisor to select investments that are suitable and will help you achieve your goals for your account.

Unless otherwise indicated, in each of the questions and answers, the terms “you,” “your,” “I” and “my” mean the account holder, annuitant or subscriber (as applicable) named above or if this is a joint account, all of the account holders named above together.

Risk Tolerance

Questions 1-6 are for this specific Account you have identified in this questionnaire.

Question 1: As there is potential for loss in capital when investing in investment products, what portion of your total net worth are you willing to set aside using investments?

Net worth is equal to total assets minus total liabilities. It is the value of total holdings after subtracting financial obligations.

Note: this excludes your primary residence and associated mortgages.

Score

a) None KO

b) Between 1% and 50% 0

c) Greater than 50% 1

Question 2: Which of the following best describes your attitude towards investing? Score

a) I am unwilling to take risk with my investments to achieve gains greater than or equal to theinflation rate.

KO

b) I am willing to take minimal risk to achieve returns equal to the inflation rate. 0

c) I am willing to take low risk to achieve returns slightly higher than the inflation rate. 1

d) I am willing to take moderate risk to achieve moderate returns. 5

e) I am willing to take higher risk to achieve higher returns. 9

f) I am willing to take a significantly higher risk to achieve significantly higher returns 14

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Question 3: The following graph shows the returns of four hypothetical portfolios over the course of one (1) year. Which portfolio would you choose?

QTR 1 QTR 2 QTR 3 QTR 4

$1,150.00

$1,100.00

$1,050.00

$1,000.00

$950.00

$900.00

$850.00

$800.00

$750.00

$700.00

Portfolio A Portfolio B Portfolio C Portfolio D

$1,150.00

$1,100.00

$1,050.00

$1,000.00

$950.00

$900.00

$850.00

$800.00

$750.00

$700.00QTR 1 QTR 2 QTR 3 QTR4

Score

a) Portfolio A – Expected Return of 2% and Expected Volatility* of 2%. 0

b) Portfolio B – Expected Return of 4.3% and Expected Volatility* of 5%. 1

c) Portfolio C – Expected Return of 6.5% and Expected Volatility* of 13%. 2

d) Portfolio D – Expected Return of 8.3% and Expected Volatility* of 25%. 3

*Volatility is a measurement of the swings in portfolio value from one quarter to the next over a one-year period. Lowervolatility implies that portfolio values are closer from one period to the next, whereas higher volatility implies thatportfolio values are wider apart from one period to the next.

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Question 4: The potential range of gain and loss outcomes of five hypothetical portfolios over one (1) year are described below. Which portfolio is most attractive to you?

40%

30%

20%

10%

0%

-10%

-20%

Gain

Loss

Portfolio A Portfolio B Portfolio C Portfolio D Portfolio E

Score

a) Portfolio A – I am willing to accept a range of potential returns between -1% and 7%over a one-year period.

0

b) Portfolio B – I am willing to accept a range of potential returns between -6% and 14%over a one-year period.

2

c) Portfolio C – I am willing to accept a range of potential returns between -9% and 19%over a one-year period.

3

d) Portfolio D – I am willing to accept a range of potential returns between -13% and 25%over a one-year period.

6

e) Portfolio E – I am willing to accept a range of potential returns between -18% and 31%over a one-year period.

7

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Question 5: The following graphs show the annual expected returns of three hypothetical investments over a fifteen (15) year period. Given the fluctuations in the returns of each investment and your chosen time horizon for this goal, which investment would you choose?

Score

a) Investment A 0

b) Investment B 1

c) Investment C 2

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Question 6: The graph below shows the returns of a hypothetical portfolio over time. How would you react if your investments were to significantly decrease in value?

Annual Portfolio Returns

15.0%

5.0%

-5.0%

-15.0%

Ret

urn

Years

1 2 3 4 5 6 7 8 9 10

Score

a) Reduce the majority of your investments. 0

b) Reduce some of your investments. 1

c) Maintain your current investments. 2

d) Increase some of your investments. 3

e) Increase the majority of your investments. 4

Total Risk Tolerance Score (Sum of questions 1 to 6)

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Know Your Customer

Question 7: With your goal in mind, which statement best describes your main objective for this investment account and represents a portfolio mix you are comfortable holding?

a) My primary objective is to preserve capital. I require stability and minimal volatility in my investments.

b) My primary objective is to generate current income with limited equity exposure. The majority of monies will beinvested in high-quality fixed income instruments with minimal allocation to equities. Investments may includebond and balanced funds.

c) My primary objective is moderate income through a balance of higher allocation to fixed income instruments(such as bond funds) with some growth potential through a modest allocation to equity instruments (such asdomestic and foreign equity funds).

d) My primary objective is capital growth with moderate income through a higher allocation to equity instruments(such as domestic and foreign equity funds) with some allocation to fixed income instruments (such as bondfunds).

e) My primary objective is to earn long-term growth through a high allocation to equity instruments (such asdomestic, foreign and specialty equity funds), while maintaining a small allocation to fixed income instruments(such as bond funds).

f) My primary objective is for maximum long-term growth through a majority allocation to equity instruments(such as domestic, foreign, and specialty equity funds), with minimal fixed income exposure.

Question 8: How would you describe your understanding of investments, investment products, and associated risks? For joint accounts, the applicant/account holder with the least amount of investment knowledge will be used as part of determining your Investor Profile for this account.

For non-personal accounts, the investment knowledge of each authorized individual must be recorded and the response indicating the least amount of investment knowledge will be used as part of determining the Investor Profile for this account.

Account Holder 1

Account Holder 2

Account Holder 3

Account Holder 4

Account Investment Knowledge

a) I have very little knowledge of investments andtheir associated risks, and I rely exclusively on therecommendations of other qualified individuals.

b) I have some knowledge of mutual funds, stocks,bonds, and their associated risks, but I do notfollow financial markets.

c) I have good working knowledge of investmentsand their associated risks, and I regularly followfinancial markets.

d) I completely understand investment products,including stocks, bonds, mutual funds, and theirassociated risks, and I follow financial marketsclosely.

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Question 9: Which of the following ranges best represent your personal income before taxes?

For sole accounts only Joint accounts only - For all account holders combined

a) Less than $25,000 or a) Less than $50,000

b) 25,001 to $50,000 or b) $50,001 to $100,000

c) $50,001 to $100,000 or c) $100,001 to $200,000

d) $100,001 to $250,000 or d) $200,001 to $500,000

e) More than $250,000 or e) More than $500,000

Question 10: What is your total net worth? Total net worth is defined as Liquid Assets + Fixed Assets – Liabilities.

Liquid Assets (cash, non-registered investments, emergency funds, TFSAs) $

(+) Fixed Assets (real estate, vehicles, collectibles, Registered Investments (excluding TFSAs)) +$

(-) Liabilities (all loans, outstanding mortgage balance on residence, credit cards) - $

= Total Net Worth $

For sole accounts only Joint accounts only - For all account holders combined

a) Less than $25,000 or a) Less than $50,000

b) 25,001 to $50,000 or b) $50,001 to $100,000

c) $50,001 to $100,000 or c) $100,001 to $200,000

d) $100,001 to $250,000 or d) $200,001 to $500,000

e) $250,001 to $375,000 or e) $500,001 to $750,000

f) $ 375,001 to $500,000 or f) $750,001 to $1,000,000

g) More than $500,000 or g) More than $1,000,000

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Question 11: In approximately how many years will you begin to use this account to fund this specific goal?(Your investment time horizon and age are important considerations when you are assessing your risk capacity and may affect your ability to accept investment risk)

a) Less than 1 year Age of Account Holder 1

b) 1 to 3 years Age of Account Holder 2

c) 4 to 6 years Age of Account Holder 3

d) 7 to 10 years Age of Account Holder 4

e) > 10 years

Question 12: Which of the following responses best describes the stability of your current and expected future income sources?

a) My current and expected future income sources are highly variable.

b) My current and expected future income sources are variable.

c) My current and expected future income sources are stable.

Question 13: This investment account represents approximately what percentage of your total savings and investments? (Total savings and investments include all the money you have in cash savings, GICs, savings bonds, mutual funds, stocks and bonds, with HSBC and other financial institutions).

a) Less than 25%

b) 25% - 50%

c) 51% - 75%

d) Greater than 75%

Question 14: Do you have readily available funds beyond what you’re investing in case an emergency arises, such funds would typically amount to at least 3 months of expenses and be available to you on demand, or are you only investing using a Pre-Authorized Contribution Plan (PAC)?

For Joint accounts it is acceptable for each account holder to have established their own emergency fund or for one account holder to have established an emergency fund for another account holder’s expenses provided the other account holder has access to the fund.

a) No

b) Yes

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IPQ Matrix

Circle your answers on the table below based on the completed Investor Profile Questionnaire above.

Knockout (KO)1

Conservative

2

Moderate Conservative

3

Balanced

4

Growth

5

Aggressive Growth

Risk Tolerance Score

(Q.1 to Q.6)Knockout (KO) Low (0 to 4) Low to Medium

(5 to 9)Medium (10 to 17)

Medium to High (18 to 27) High (>27)

Objective

(Q.7)a b c d – e, f

Knowledge

(Q.8)– – – – a, b c, d

Income

(Q.9)– – – a b c, d, e

Net Worth

(Q.10)– – – a b c, d, e, f, g

Time Horizon

(Q.11)a b – c – d, e

Income Stability

(Q.12)– – – a b c

Concentration

(Q.13)– – – – d a, b, c

Emergency Fund

(Q.14)a – – – – b

The Investor Profile for this account will be the same as the lowest risk category answer from the questions listed.

Investor Profile:

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Illustrative Sample Outcome

Customer completes the questions 1 to 6 with a score of 26 and the choice of Objective (c), Knowledge level (d), Income (a), Net Worth (c), Time Horizon (c), Income Stability (b), Concentration (b), and Emergency (b)

Based on the responses and matrix below, the customer’s Investor Profile is Moderate Conservative

Knockout (KO)

1

Conservative

2

Moderate Conservative

3

Balanced

4

Growth

5

Aggressive Growth

Risk Tolerance Score

(Q.1 to Q.6)Knockout (KO) Low (0 to 4)

Low to Medium (5 to 9)

Medium (10 to 17)

Medium to High (18 to 27) High (>27)

Objective

(Q.7)a b c d – e, f

Knowledge

(Q.8)– – – – a, b c, d

Income

(Q.9)– – – a b c, d, e

Net Worth

(Q.10)– – – a b c ,d,e,f,g

Time Horizon

(Q.11)a b – c – d, e

Income Stability

(Q.12)– – – a b c

Concentration

(Q.13)– – – – d a, b ,c

Emergency Fund

(Q.14)a – – – – b

Based on the above, the Investor Profile will be the same as the lowest risk category answer from the questions listed, leading to a Moderate Conservative Investor Portfolio

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Declaration

In this section, the terms “you” and “your” mean the Account Holder/Annuitant/Subscriber listed above on page one and if this is a joint account, each of the Account Holders/Subscribers listed above on page one and the terms “we” and “us” mean HSBC Investment Funds (Canada) Inc.

By signing below, you make the following declarations:

1) You understand that we will rely on the responses that you provide in this Investor Profile Questionnaire todetermine the investor profile (the “Investor Profile”) for the specific account listed above (the “Account”) that youestablish with us;

2) You understand that the Investor Profile will be used by us to assess the suitability of the investmentrecommendations that we make to you in relation to the Account;

3) You understand that if the responses provided in this Investor Profile Questionnaire, or your personal circumstances,or your investment objectives change, any such changes may impact the Investor Profile and our assessment of theinvestments that are suitable for the Account. Accordingly, it is important that you promptly inform us of any changesso that we can determine whether you should complete a new Investor Profile Questionnaire and consider suchchanges when making investment recommendations to you;

4) If at any time you wish to change the responses provided in this Investor Profile Questionnaire or the Investor Profile,you must contact us and complete a new Investor Profile Questionnaire; and

5) This Investor Profile Questionnaire for the Account replaces all previous Investor Profile Questionnaires and all otherquestionnaires, documents and information provided to us regarding your personal circumstances, your investmentobjectives, time horizon and risk tolerance for the Account and will be relied upon by us as the basis for assessingthe suitability for investment recommendations we provide to you in relation to the Account.

Investor Profile: Based on the responses to the questions provided in this Investor Profile Questionnaire, we have determined that the Investor Profile for the Account is:(Please see below for a description).

Date Name of Account Holder 1/Subscriber 1/Annuitant/Authorized Individual 1

Signature of Account Holder 1/Subscriber 1/Annuitant/Authorized Individual 1

Date Name of Account Holder 2/Subscriber 2/Authorized Individual 2

Signature of Account Holder 2/Subscriber 2/Authorized Individual 2

Date Name of Account Holder 3/Authorized Individual 3 Signature of Account Holder 3/Authorized Individual 3

Date Name of Account Holder 4 Signature of Account Holder 4

Internal Use Section

Date Name of Mutual Fund Advisor Signature of Mutual Fund Advisor

Date Name of HIFC Branch Manager Signature of HIFC Branch Manager

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Investor Profile Description

Conservative

Your primary objective is to generate current income with limited equity exposure where the majority of your investments may be invested in fixed income and minimal allocation to equities. Your time horizon is an important consideration when determining the amount invested in fixed income and equities. You look for stable income and limited growth and are willing to accept a low level of volatility to achieve your goals.

Moderate Conservative

Your primary objective is to generate income with a moderate equity exposure where your investments may be mostly invested in fixed income with some allocation to equities. Your time horizon is an important consideration when determining the amount invested in fixed income and equities. You look for stable income and growth and you are willing to accept some volatility to achieve your goals.

Balanced

Your primary objective is a balance of income and growth where your investments may be invested in a balanced mix of fixed income and equities. Your time horizon is an important consideration when determining the amount invested in fixed income and equities. You look for income and growth and you are willing to accept a moderate level of volatility to achieve your goals.

Growth

Your primary objective is growth with moderate exposure to income where your investments may be invested mostly in equities and some allocation to fixed income. Your time horizon is an important consideration when determining the amount invested in fixed income and equities. You look for growth and some income and you are willing to accept higher volatility to achieve your goals.

Aggressive Growth

Your primary objective is to maximize growth with minimal income where the majority of your investments may be invested in equities and a small allocation to fixed income. Your time horizon is an important consideration when determining the amount invested in fixed income and equities. You look for growth and minimal income and you are willing to accept a high level of volatility to achieve your goals.