<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

Mexico

Saudi Arabia

Indonesia

Turkey

United Arab Emirates

China

Qatar

Chile

Oman

Philippines

Colombia

Dominican Republic

Brazil

South Africa

Poland

Hungary

Argentina

Romania

Egypt

Bahrain

Peru

Panama

Uruguay

Nigeria

Malaysia

Ukraine

Guatemala

Costa Rica

Sri Lanka

Ecuador

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)

HSBC US Dollar Liquidity W

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)

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

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

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

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