<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

2024

2023

2022

2021

2020

FixedIncome

CashEquivalents

Saudi Arabia

Mexico

Indonesia

Turkey

United Arab Emirates

China

Qatar

Oman

Chile

Brazil

Philippines

Dominican Republic

Poland

Colombia

Hungary

South Africa

Argentina

Bahrain

Peru

Egypt

Romania

Panama

Nigeria

Uruguay

Malaysia

Ukraine

Ecuador

Costa Rica

Guatemala

Sri Lanka

Other countries

Unclassified

Bond - Gov't/Treasury

Bond - Corporate Bond

Bond - Gov't Agency Debt

Mutual Fund - Open End

Bond - Treasury Future

HSBC US Dollar Liquidity W

Argentina (Republic Of) 4.125% (2035-07-09 Maturity)

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

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

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

Ecuador (Republic Of) 5.5% (2035-07-31 Maturity)

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

Poland (Republic of) 5.125% (2034-09-18 Maturity)

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

Argentina (Republic Of) 3.5% (2041-07-09 Maturity)