<p><span style="font-size: 8pt;font-family: Arial;">The Fund aims to provide regular income and capital growth by tracking as closely as possible the performance of the JPMorgan EMBI Global Diversified Index.</span></p>


HSBC Investment Funds (Luxembourg) S.A.

HSBC Global Asset Management (UK) Ltd

Global Emerging Markets Bond

Morningstar EM Sov Bd GR USD

Fixed Income

JPM EMBI Global Diversified TR USD

HSBC Global Emerging Mkt Gov BdIdxHCHKD

HSBC Global Emerging Mkt Gov Bd IdxSCUSD

2023

2022

2021

2020

2019

FixedIncome

CashEquivalents

Mexico

Saudi Arabia

Indonesia

Turkey

United Arab Emirates

China

Qatar

Chile

Philippines

Oman

Brazil

Dominican Republic

Poland

Colombia

Hungary

Romania

South Africa

Egypt

Argentina

Bahrain

Panama

Peru

Uruguay

Malaysia

Nigeria

Ukraine

Guatemala

Ecuador

Costa Rica

Kazakhstan

Sri Lanka

Ghana

Other countries

Unclassified

Bond - Gov't/Treasury

Bond - Corporate Bond

Bond - Gov't Agency Debt

Mutual Fund - Open End

Bond - Treasury Future

Argentina (Republic Of) 0.75% (2030-07-09 Maturity)

Argentina (Republic Of) 3.625% (2035-07-09 Maturity)

Saudi Arabia (Kingdom of) 4.75% (2030-01-16 Maturity)

Kuwait (State Of) 3.5% (2027-03-20 Maturity)

Turkey (Republic of) 9.375% (2029-03-14 Maturity)

Ecuador (Republic Of) 3.5% (2035-07-31 Maturity)

South Africa (Republic of) 5.75% (2049-09-30 Maturity)

Saudi Arabia (Kingdom of) 3.625% (2028-03-04 Maturity)

Turkey (Republic of) 9.875% (2028-01-15 Maturity)

Jordan (Kingdom Of) 7.5% (2029-01-13 Maturity)