<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.

Other Bond

Fixed Income

Not Benchmarked

HSBC GIF Ultra Short Duration Bd PM3HSGD

HSBC GIF Ultra Short Duration Bd PC

2024

2023

2022

2021

2020

FixedIncome

CashEquivalents

United States

United Kingdom

Australia

Canada

France

Netherlands

Luxembourg

Supranational

Germany

Japan

Ireland

Sweden

Other countries

Unclassified

Bond - Corporate Bond

Bond - Capital Contingent Debt

Bond - Treasury Future

Bond - Asset Backed

Bond - Supranational

Mutual Fund - Open End

Bond - Non-Agency Residential MBS

Bond - Gov't Agency Debt

Bond - Global Non-Agency CMO

Bond - U.S. Agency Credit Risk CMO

Bond - Short-term Government Bills

Bond - Covered Bond

Bond - Commercial MBS

Bond - Collateralized Loan Obligations (CLO)

Interest Rate Swap

2 Year Treasury Note Future Dec 25 (2025-12-31 Maturity)

HSBC GIF Global IG Sec Credit Bd ZC

New York Life Global Funding 4.834% (2026-06-09 Maturity)

Federal Home Loan Mortgage Corp. 4.55821% (2028-07-07 Maturity)

Eli Lilly Co Frn 15/10/2028 (2028-10-15 Maturity)

Inter-American Development Bank 4.7087% (2027-10-04 Maturity)

Caterpillar Financial Services Corp. 4.9928% (2028-08-15 Maturity)

Chevron USA Inc 4.92343% (2028-08-13 Maturity)

Citibank, N.A. 5.13708% (2027-05-29 Maturity)

Metropolitan Life Global Funding I Frn 25/08/2028 (2028-08-25 Maturity)