<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

Mexico

Saudi Arabia

Indonesia

Turkey

United Arab Emirates

China

Qatar

Brazil

Philippines

Chile

Oman

Dominican Republic

Poland

Hungary

Colombia

Bahrain

Romania

Panama

Peru

South Africa

Egypt

Uruguay

Argentina

Malaysia

Nigeria

Guatemala

Costa Rica

Ukraine

Ecuador

Kazakhstan

Other countries

Bond - Gov't/Treasury

Bond - Corporate Bond

Bond - Gov't Agency Debt

Mutual Fund - Open End

Bond - Treasury Future

HSBC US Dollar Liquidity W

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

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

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

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