<p><span style="color: rgb(0,0,0);font-size: 8pt;font-family: Arial;">The Fund aims to provide short term capital growth and income by investing in a portfolio of bonds and money market instruments whose average duration of the portfolio holdings of the Fund is not expected to exceed one year, which is considered to be ultra-short duration.</span></p>


HSBC Investment Funds (Luxembourg) S.A.

HSBC Global Asset Management (USA) Inc.

USD Ultra Short-Term Bond

Morningstar US 0-1 Core exYnk TR USD

Fixed Income

Not Benchmarked

HSBC GIF Ultra Short Duration Bd PM2

HSBC GIF Ultra Short Duration Bd PC

2024

2023

2022

2021

2020

FixedIncome

United States

Australia

United Kingdom

Luxembourg

Germany

Japan

Ireland

Other countries

Unclassified

Bond - Corporate Bond

Mutual Fund - Open End

Bond - Asset Backed

Bond - Non-Agency Residential MBS

Bond - Supranational

Bond - Gov't Agency Debt

Bond - Covered Bond

Bond - Commercial MBS

HSBC GIF Global IG Sec Credit Bd ZC

MasterCard Incorporated 4.74537% (2028-03-15 Maturity)

National Australia Bank Ltd. 4.95426% (2028-06-13 Maturity)

Citibank, N.A. 5.0953% (2027-05-29 Maturity)

Home Depot Inc. 4.62529% (2025-12-24 Maturity)

Chevron USA Inc 4.66901% (2027-02-26 Maturity)

Commonwealth Bank of Australia 4.76901% (2026-11-27 Maturity)

GlaxoSmithKline Capital PLC 4.82492% (2027-03-12 Maturity)

Macquarie Bank Ltd. 5.04331% (2028-06-12 Maturity)

Massmutual Global Funding II 5.07357% (2027-04-09 Maturity)