<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

Brazil

Poland

Philippines

Qatar

Chile

Oman

Dominican Republic

Colombia

Bahrain

Argentina

Hungary

Peru

Romania

South Africa

Egypt

Panama

Uruguay

Malaysia

Nigeria

Ukraine

Costa Rica

Ecuador

Guatemala

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) 4.125% (2035-07-09 Maturity)

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

HSBC US Dollar Liquidity W

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

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

Argentina (Republic Of) 4.25% (2038-01-09 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)