HSBC Global Funds ICAV GLOBAL ESG GOVERNMENT BOND UCITS ETF Marketing communication | Monthly report 30 April 2026 | HSGE LN | ETFCHEUR Share class detailsInvestment objectiveKey metrics The Fund aims to provide regular income and capital growth by tracking as closely as possible NAV per share EUR 10.36 the performance of the Bloomberg MSCI Global Treasury ESG Weighted Bond Index (total returnPerformance 1 month-0.10% hedged to USD) (the Index) and to promote environmental, social and governance (ESG) characteristics. Yield to maturity 3.38%Fund factsUCITS V compliant YesInvestment strategy Dividend treatment Accumulating The Index is comprised of investment grade government bonds (and other similar securities). TheDealing frequencyDaily currency of the Index is US dollars (USD) and returns are hedged into USD. The Index includesFund base currencyUSD fixed-rate taxable securities issued by treasury issuers. The Fund is passively managed and invests in bonds issued by governments, government-related entities and supranational entities Currency Hedged Fully Hedged based in developed and emerging markets. The Fund uses an investment technique called Valuation time 23:00 Ireland optimisation, which seeks to minimise the difference in return between the Fund and the Index.Share class base currency EUR The Fund will not necessarily invest in every Index constituent and may invest in assets outside of the Index, such as: bonds with a credit rating of Ba1, BB+ and below; as well as cash, money Domicile Ireland market instruments and funds.The credit ratings of the Fund’s underlying investments are Inception date 10 July 2023 expected to be at least investment grade.The Fund’s primary currency exposure is to USD. See Fund size USD 406,478,415 the Prospectus for a full description of the investment objectives and derivative usage.Managers Amrita Chauhan Sanyal Sebastien Faucher Main risks Fees and expensesOngoing charge figure¹ 0.150% • The Fund's unit value can go up as well as down, and any capital invested in the Fund maybe at risk. Codes • The Fund invests in bonds whose value generally falls when interest rates rise. This risk isISIN IE000389GTC0typically greater the longer the maturity of a bond investment and the higher its credit quality. Bloomberg ticker HSGE LNThe issuers of certain bonds, could become unwilling or unable to make payments on their¹Ongoing Charges Figure is based on expensesbonds and default. Bonds that are in default may become hard to sell or worthless. over a year. The figure includes annual • The Fund may invest in Emerging Markets, these markets are less established, and often management charge but not the transactionmore volatile, than developed markets and involve higher risks, particularly market, liquidity costs. Such figures may vary from time to time.and currency risks. Past performance is not an indicator of future returns. The figures are calculated in the share class base currency, dividend reinvested, net of fees. This is a marketing communication. Please refer to the prospectus and to the KIID before making any final investment decisions. For definition of terms, please refer to the Glossary QR code and Prospectus. Prior to 30/04/2025 the fund name was HSBC GLOBAL FUNDS ICAV - GLOBAL SUSTAINABLE GOVERNMENT BOND UCITS ETF Source: HSBC Asset Management, data as at 30 April 2026 HSBC Global Funds ICAV GLOBAL ESG GOVERNMENT BOND UCITS ETF Monthly report 30 April 2026 | HSGE LN | ETFCHEUR Performance Fund106 Return index rebased to 100 on starting date 10410210098 12/23 06/24 12/24 06/2512/25Since inception Performance (%) YTD1 month 3 months 6 months 1 year 3 years ann5 years ann ann Fund-0.97 -0.10 -0.89-1.90 -1.76-- --1.26 Calendar year performance (%)2021 2022 2023 2024 2025 Fund---- -- 0.34 0.40 Reference Reference 3-Year Risk Measures Fund Benchmark5-Year Risk MeasuresFund Benchmark Volatility -- -- Volatility -- -- Sharpe ratio -- -- Sharpe ratio ---- Reference Fixed Income CharacteristicsFund BenchmarkRelative No. of holdings ex cash 753 1,922-- Average coupon rate 2.27 2.39 -0.11 Yield to worst 3.38% 3.32% 0.06% Option adjusted duration 7.26 7.23 0.03 Modified duration to worst 6.78 6.74 0.04 Option adjusted spread duration 7.12 7.08 0.03 Average maturity 8.93 8.91 0.01 Average Credit Quality AA+/AAAA+/AA --Reference Maturity Breakdown Credit rating (%)Fund Benchmark Relative (Option adjusted Reference AAA 35.20 35.25 -0.05 duration) Fund Benchmark Relative 0-2 years 0.230.210.02 AA 35.18 35.090.09 2-5 years 0.99 1.00 -0.01 A 27.04 26.830.20 5-10 years 1.92 1.86 0.06 BBB 2.81 2.83-0.02 10+ years 4.12 4.16 -0.04 Cash-0.22---0.22 Total 7.26 7.23 0.03 Past performance is not an indicator of future returns. The figures are calculated in the share class base currency, dividend reinvested, net of fees. The benchmark data is that of the reference benchmark of the fund, as this data is calculated at fund level rather than share class level. The reference benchmark of the fund is 100% Bloomberg MSCI Global Treasury ESG Weighted Bond Index Source: HSBC Asset Management, data as at 30 April 2026 HSBC Global Funds ICAV GLOBAL ESG GOVERNMENT BOND UCITS ETF Monthly report 30 April 2026 | HSGE LN | ETFCHEURCurrency AllocationReference (%) Fund Benchmark Relative USD 99.77100.00 -0.23 EUR 0.26 0.000.26 GBP 0.06 0.000.06 THB 0.02 0.000.02 CAD 0.01 0.000.01 RON 0.01 0.000.01 MXN 0.01 0.000.01 DKK 0.01 0.000.01 CNY 0.01 0.000.01 HKD 0.00 0.000.00 Other Currencies -0.15 0.00-0.15 Geographical allocation (%)United States21.3921.47 Germany 19.5319.41 Japan16.99 16.89 United Kingdom 6.12 6.08 France4.39 4.37 Netherlands4.24 4.21Canada 3.343.33South Korea2.92 2.91 Italy 2.49 2.48 Australia2.262.25 Other Locations 16.55 16.60 Cash -0.22 FundReference Benchmark Reference Sector allocation (%) Fund Benchmark Relative Treasuries100.22100.000.22 Cash-0.22 -- -0.22 The benchmark data is that of the reference benchmark of the fund, as this data is calculated at fund level rather than share class level. The reference benchmark of the fund is 100% Bloomberg MSCI Global Treasury ESG Weighted Bond Index Source: HSBC Asset Management, data as at 30 April 2026 HSBC Global Funds ICAV GLOBAL ESG GOVERNMENT BOND UCITS ETF Monthly report 30 April 2026 | HSGE LN | ETFCHEURTop 10 holdings Weight (%) DEUTSCHLAND REP 2.500 15/02/350.59 BUNDESOBL-188 2.400 19/10/28 0.54 DEUTSCHLAND REP 2.300 15/02/330.54 BUNDESOBL-186 1.300 15/10/27 0.53 DEUTSCHLAND REP 2.900 15/02/360.51 BUNDESSCHATZANW 2.100 15/03/280.49 DEUTSCHLAND REP 2.500 15/08/540.48 DEUTSCHLAND REP 0.000 15/02/300.46 UK TSY GILT 4.500 07/06/280.46 US TREASURY N/B 3.875 30/11/290.45Trading Bloomberg iNAV Exchange nameListing date currency Trading hours ticker Reuters RIC Bloomberg iNAV Reuters BORSA ITALIANA SPA 21 Jul 2023 EUR--HSGE IM HSGE.MI HSGEEUIV HSGEEURINAV =SOLA DEUTSCHE BOERSE AG-XETRA 26 Jul 2023 EUR-- H41T GY H41T.DE HSGEEUIV HSGEEURINAV =SOLA LONDON STOCK EXCHANGE14 Jul 2023 GBP-- HSGE LN HSGE.L HSGEEUIV HSGEEURINAV =SOLA The benchmark data is that of the reference benchmark of the fund, as this data is calculated at fund level rather than share class level. The reference benchmark of the fund is 100% Bloomberg MSCI Global Treasury ESG Weighted Bond Index Source: HSBC Asset Management, data as at 30 April 2026 HSBC Global Funds ICAV GLOBAL ESG GOVERNMENT BOND UCITS ETF Monthly report 30 April 2026 | HSGE LN | ETFCHEURMSCI ESG Score ESG score ESG Fund 6.6 5.5 7.8 6.9 Reference benchmark5.8 5.4 7.4 6.1 The MSCI ESG Key Issue Score is the numerical, weighted average of MSCI’s E, S, and G pillar scores. A higher number indicates a more favourable ESG profile in the view of MSCI. The weighted averages of the Key Issue Scores are aggregated and companies’ scores are normalized by their industries. After any overrides are factored in, each company’s Final Industry-Adjusted Score corresponds to a rating. For more information, see MSCI ESG Ratings Methodology @ https://www.msci.com/esg-and- climate-methodologies Source: HSBC Asset Management, data as at 30 April 2026 HSBC Global Funds ICAV GLOBAL ESG GOVERNMENT BOND UCITS ETF Monthly report 30 April 2026 | HSGE LN | ETFCHEUR Follow us on: Risk disclosuresHSBC Asset Management • To the extent that the Fund seeks to replicate index performance by holding individual securities, there is no guarantee that its composition or performance will exactly match that of the target index at any given time (“tracking error”). • 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 Glossary their underlying reference(s), instrument or asset. • 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. • Where overseas investments are held the rate of currency exchange may cause the value of such investments to go down as well as up. • Further information on the potential risks can be found in the Key Information Document (KID) and/or the Prospectus or Offering Memorandum.fi.assetmanagement.hsbc.com/api/v1/download/document/lu0164865239/fi/en/glossary 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. Source: MSCI. The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non- infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com) Source: HSBC Asset Management, data as at 30 April 2026 HSBC Global Funds ICAV GLOBAL ESG GOVERNMENT BOND UCITS ETF Monthly report 30 April 2026 | HSGE LN | ETFCHEUR 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-2025.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. Detailed information for article 8 and 9 sustainable investment products, as categorised under the Sustainable Finance Disclosure Regulation (SFDR), including; description of the environmental or social characteristics or the sustainable investment objective; methodologies used to assess, measure and monitor the environmental or social characteristics and the impact of the selected sustainable investments and; objectives and benchmark information,can be found at: https://www.assetmanagement.hsbc.co.uk/en/intermediary/investment-expertise/sustainable-investments/sustainable- investment-product-offering Source: HSBC Asset Management, data as at 30 April 2026