Title: https://doc.morningstar.com/Document/d462edda977af5fe5be8057ecfd0900b.msdoc/ URL Source: https://doc.morningstar.com/Document/d462edda977af5fe5be8057ecfd0900b.msdoc/?clientid=atlas Number of Pages: 5 Markdown Content: # HSBC Global Funds ICAV # Euro Corporate Bond UCITS ETF Marketing communication | Monthly report 30 April 2026 | - | ETFC Past performance does not predict future returns. The figures are calculated in the share class bas e currency, dividend rein vested, net of fees. This is a marketing communication. Please refer to the prospectus and to the KIID before making any final investment decisio ns. For definition of terms, please refer to the Glossary QR code and Prospectus. Performance figures will only be published once the share class has achieved a twelve months track record. Source: HSBC Asset Management, data as at 30 April 2026 # Investment objective The Fund aims to provide income and capital growth. # Investment strategy The Fund tracks as closely as possible the performance of the Bloomberg Euro Aggregate Corporate Bond Index (total return) (the Index). The Index is a rules -based benchmark that tracks the investment grade, euro -denominated and fixed rate corporate bond market. Only bonds with a maturity of 1 year and above are eligible. The currency of the Index is EUR and returns are unhedged. The Index is based on the Bloomberg Index Methodology which applies an eligibility criteria based on a set of fundamental core design principles which are designed to accurately and comprehensively measure the underlying Index constituents. The Fund is passively managed and may invest in corporate investment grade bonds (developed and emerging markets), and other bonds all of which are Index constituents. The credit ratings of the Fund’s underlying investments may vary from time to time. The Fund will utilise an investment technique called optimisation which seeks to minimise the difference in return between the Fund and the Index. The Fund will not necessarily invest in every constituent of the Index. The Fund will not invest more than 10% of its assets in other funds. See the Prospectus for a full description of the investment objectives, Index and derivative usage. # Main risks • The Fund's unit value can go up as well as down, and any capital invested in the Fund may be at risk. • The Fund invests in bonds whose value generally falls when interest rates rise. This risk is typically greater the longer the maturity of a bond investment and the higher its credit quality. The issuers of certain bonds, could become unwilling or unable to make payments on their bonds and default. Bonds that are in default may become hard to sell or worthless. • Derivatives may be used by the Fund, and these can behave unexpectedly. The pricing and volatility of many derivatives may diverge from strictly reflecting the pricing or volatility of their underlying reference(s), instrument or asset. ## Share Class Details Key metrics NAV per Share EUR 10.23 Yield to maturity 3.65% Fund facts UCITS V compliant Yes Dividend treatment Accumulating Dealing frequency Daily Valuation Time 23:00 Ireland Share Class Base Currency EUR Domicile Ireland Inception date 14 May 2025 Fund Size EUR 255,693,259 Reference benchmark 100% Bloomberg Euro Aggregate Corporate Bond Index (total return) Managers Derya Hitchcock Richard Jenkins Fees and expenses Ongoing Charge Figure ¹ 0.060% Codes ISIN IE0000KA1ZX3 Bloomberg ticker HECB IM ¹Ongoing Charges Figure is an estimate as the share class has not been priced for a full financial year. HSBC Global Funds ICAV Euro Corporate Bond UCITS ETF Monthly report 30 April 2026 | - | ETFC Past performance does not predict future returns. The figures are calculated in the share class bas e currency, dividend rein vested, net of fees. Source: HSBC Asset Management, data as at 30 April 2026 Performance (%) YTD 1 month 3 months 6 months 1 year 3 years ann 5 years ann Since Inception ETFC -- -- -- -- -- -- -- -- Reference benchmark -- -- -- -- -- -- -- -- Rolling Performance (%) 30/04/25 - 30/04/26 30/04/24 - 30/04/25 30/04/23 - 30/04/24 30/04/22 - 30/04/23 30/04/21 - 30/04/22 ETFC -- -- -- -- -- Reference benchmark -- -- -- -- -- 3-Year Risk Measures ETFC Reference benchmark Volatility -- -- Sharpe ratio -- -- Tracking error -- -- Information ratio -- -- 5-Year Risk Measures ETFC Reference benchmark Volatility -- -- Sharpe ratio -- -- Tracking error -- -- Information ratio -- -- Fixed Income Characteristics Fund Reference benchmark Relative No. of holdings ex cash 1,178 4,047 -- Average coupon rate 3.35 2.94 0.41 Yield to worst 3.58% 3.57% 0.01% Option Adjusted Duration 4.51 4.46 0.05 Modified Duration to Worst 4.44 4.35 0.09 Option Adjusted Spread Duration 4.62 4.53 0.09 Average maturity 5.23 5.09 0.15 Average Credit Quality A-/BBB+ A-/BBB+ -- Credit rating (%) Fund Reference benchmark Relative AAA 0.38 0.36 0.01 AA 7.83 7.18 0.65 A 41.40 42.59 -1.19 BBB 49.53 49.86 -0.33 BB 0.11 -- 0.11 Cash 0.75 -- 0.75 Maturity Breakdown (Option Adjusted Duration) Fund Reference benchmark Relative 0-2 years 0.19 0.20 -0.01 2-5 years 1.35 1.37 -0.02 5-10 years 2.30 2.14 0.16 10+ years 0.67 0.74 -0.08 Total 4.51 4.46 0.05 HSBC Global Funds ICAV Euro Corporate Bond UCITS ETF Monthly report 30 April 2026 | - | ETFC Source: HSBC Asset Management, data as at 30 April 2026 Currency Allocation (%) Fund Reference benchmark Relative EUR 100.00 100.00 0.00 Geographical Allocation (%) Cash Other Locations Denmark Belgium Sweden Spain Netherlands Italy United Kingdom Germany France United States > 14.52 > 2.11 > 2.00 > 2.77 > 5.73 > 5.03 > 5.56 > 8.06 > 12.88 > 18.75 > 22.60 > 0.75 > 11.68 > 1.98 > 2.22 > 3.16 > 5.18 > 5.33 > 5.34 > 8.30 > 11.42 > 20.46 > 24.19 Fund Reference benchmark Cash Other Locations Denmark Belgium Sweden Spain Netherlands Italy United Kingdom Germany France United States > 14.52 > 2.11 > 2.00 > 2.77 > 5.73 > 5.03 > 5.56 > 8.06 > 12.88 > 18.75 > 22.60 > 0.75 > 11.68 > 1.98 > 2.22 > 3.16 > 5.18 > 5.33 > 5.34 > 8.30 > 11.42 > 20.46 > 24.19 Fund Reference benchmark Sector Allocation (%) Fund Reference benchmark Relative Banking 31.35 31.27 0.08 Consumer Non Cyclical 13.30 13.58 -0.28 Consumer Cyclical 9.83 9.79 0.03 Communications 6.99 6.83 0.16 Capital Goods 5.37 5.35 0.02 Electric 5.35 5.55 -0.20 Insurance 4.52 4.46 0.05 Technology 3.58 3.35 0.23 Transportation 3.37 3.47 -0.10 Energy 3.10 3.16 -0.06 Other Sectors 12.49 13.19 -0.69 Cash 0.75 -- 0.75 HSBC Global Funds ICAV Euro Corporate Bond UCITS ETF Monthly report 30 April 2026 | - | ETFC Source: HSBC Asset Management, data as at 30 April 2026 Top 10 Holdings Weight (%) ING GROEP NV 3.875 12/08/29 0.37 JPMORGAN CHASE 3.674 06/06/28 0.37 BANQ FED CRD MUT 4.000 15/01/35 0.36 ALLIANZ FINANCE 3.250 04/12/29 0.32 CAIXABANK 4.000 05/03/37 0.31 VOLKSW FIN SERVI 3.875 10/09/30 0.28 BARCLAYS PLC 3.543 14/08/31 0.28 EUROGRID GMBH 3.598 01/02/29 0.28 VOLKSWAGEN BANK 3.750 10/12/32 0.27 NESTLE FIN INTL 3.000 23/09/33 0.27 Exchange name Listing date Trading currency Trading hours Bloomberg ticker Reuters RIC iNAV Bloomberg iNAV Reuters BORSA ITALIANA SPA 06 Jun 2025 EUR -- HECB IM HECB.MI H41YEUIV H41YEURINAV =SOLA DEUTSCHE BOERSE AG -XETRA 22 May 2025 EUR -- H41Y GY H41Y.DE H41YEUIV H41YEURINAV =SOLA HSBC Global Funds ICAV Euro Corporate Bond UCITS ETF Monthly report 30 April 2026 | Share class ETFC ## Risk Disclosure • Investment Leverage occurs when the economic exposure is greater than the amount invested, such as when derivatives are used. A Fund that employs leverage may experience greater gains and/or losses due to the amplification effect from a movement in the price of the reference source. ## Index Disclaimer Bloomberg® is a trademark and service mark of Bloomberg Finance L.P. (collectively with its affiliates, “Bloomberg”). Barclays® is a trademark and service mark of Barclays Bank Plc (collectively with its affiliates, “Barclays”), used under license. Bloomberg or Bloomberg’s licensors, including Barclays, own all proprietary rights in the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays approve or endorse this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith. ## Important Information This document is produced and distributed by HSBC Asset Management and is only intended for non -professional investors as defined by MIFID. The information contained herein is subject to change without notice. All non -authorised reproduction or use of this commentary and analysis will be the responsibility of the user and will be likely to lead to legal proceedings. This information has no contractual value and is not by any means intended as a solicitation, nor an investment advice for the purchase or sale of any financial instrument in any jurisdiction in which such an offer is not lawful. The commentary and analysis presented in this document reflect the opinion of HSBC Asset Management on the markets, according to the information available to date. They do not constitute any kind of commitment from HSBC Asset Management. Tax treatment depends on The individual circumstances of each client and may be subject to change in The future. Capital is not guaranteed. It is important to remember that the value of investments and any income from them can go down as well as up and is not guaranteed. Please note that the distribution of the product can stop at any time by decision of the management company. Consequently, HSBC Asset Management will not be held responsible for any investment or disinvestment decision taken on the basis of the commentary and/or analysis in this document. All data from HSBC Asset Management unless otherwise specified. Any third party information has been obtained from sources we believe to be reliable, but which we have not independently verified. Further additional and complete information (including but not limited to) investor rights, costs and charges, please refer to the prospectus. Term : The management company cannot terminate the Fund unilaterally. The Board of Directors may furthermore decide to liquidate the Fund in certain circumstances set out in the prospectus and articles of incorporation of the Fund. If necessary, investors can refer to the complaints handling charter available in the banner of our website: https://www.assetmanagement.hsbc.se/ -/media/files/attachments/common/traitement - reclamation -amfr -eng -2024.pdf Further information about the UCITS including the Prospectus, the most recent annual and semi -annual reports of the UCITS and the latest prices of shares, may be obtained free of charge, in English, from the Administrator by emailing ifsinvestorqueries@hsbc.com , or by visiting www.global.assetmanagement.hsbc.com. The Prospectus, annual and semi -annual reports are prepared for the entire UCITS. The most recent Prospectus is available in English and French. Key Information Document (PRIIPs KID) are available in the local language where they are registered. The indicative intra -day net asset value of the fund is available on at least one major market data vendor terminal such as Bloomberg, as well as on a wide range of websites that display stock market data, including www.reuters.com. Source: HSBC Asset Management, data as at 30 April 2026 Follow us on: HSBC Asset Management Glossary www.assetmanagement.hsbc.nl/api/v1/ download/document/lu0254978488l/en/glossary