<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

United Arab Emirates

Turkey

Indonesia

China

Chile

Philippines

Hungary

Oman

Poland

Dominican Republic

Bahrain

Brazil

Colombia

South Africa

Peru

Argentina

Qatar

Egypt

Malaysia

Romania

Panama

Uruguay

Ireland

Nigeria

Kazakhstan

Ecuador

Guatemala

Costa Rica

Ukraine

Other countries

Unclassified

Bond - Gov't/Treasury

Bond - Corporate Bond

Bond - Gov't Agency Debt

Mutual Fund - Open End

Bond - Sub-sovereign Government Debt

Bond - Treasury Future

HSBC US Dollar Liquidity W

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

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

Mexico (United Mexican States) 5.85% (2032-07-02 Maturity)

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

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

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

Hungary (Republic Of) 7.625% (2041-03-29 Maturity)

Uruguay (Republic Of) 5.75% (2034-10-28 Maturity)

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