<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

Saudi Arabia

Mexico

Turkey

Indonesia

United Arab Emirates

China

Qatar

Chile

Philippines

Brazil

Poland

Oman

Dominican Republic

Colombia

Hungary

Bahrain

South Africa

Egypt

Peru

Romania

Panama

Argentina

Uruguay

Malaysia

Nigeria

Ukraine

Guatemala

Costa Rica

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)

Brazil (Federative Republic) 6.125% (2032-01-22 Maturity)

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

Dominican Republic 4.875% (2032-09-23 Maturity)

Panama (Republic of) 7.5% (2031-03-01 Maturity)

Poland (Republic of) 5.375% (2035-02-12 Maturity)

Ghana (Republic of) 5% (2029-07-03 Maturity)