HSBC Global Funds ICAV Euro Government Bond UCITS ETF Marketing communication | Monthly report 30 April 2026 | HEGB LN | ETFC This product is based overseas and is not subject to UK sustainable investment labelling and disclosure requirements. Share class detailsInvestment objectiveKey metrics The Fund aims to provide income and capital growth.NAV per shareEUR 10.08Yield to maturity 3.22% Investment strategy Fund factsUCITS V compliantYes The Fund tracks as closely as possible the performance of the Bloomberg EuroAgg Treasury IndexISA eligible Yes (total return) (the Index). The Fund may invest in bonds issued by government, government- related entities and supranational entities which are Index constituents and will not embed a Dividend treatmentAccumulating derivative and/or leverage. The Fund may also invest in the assets which are not Index Dealing frequency Daily constituents for the purpose of assisting in tracking the Index. The Index consists of fixed-rate,Valuation time 23:00 Ireland Investment Grade sovereign debt from member states of the European Union that are also participating in the European Monetary Union with a maturity of 1 year and above. The currency Share class base currency EUR of the Index is EUR, and returns are unhedged. The Index is based on the Bloomberg Index Domicile Ireland Methodology which applies an eligibility criteria based on a set of fundamental core designInception date 14 May 2025 principles which are designed to measure the underlying Index constituents accurately and comprehensively. The Index is measured by total return, is market value weighted and rebalancedFund size EUR 450,892,910 monthly. The credit ratings of the Fund’s underlying investments may vary from time to time. The Reference100% Bloomberg EuroAgg Fund is passively managed and utilises an investment technique called optimisation. The Fund benchmark Treasury Index (total return) will not invest more than 10% in other funds, including HSBC funds. See the Prospectus for a full ManagersAmrita Chauhan Sanyal description of the investment objectives and derivative usage. Cesar Felipe FernandezSebastien Faucher Main risks Fees and expensesOngoing charge figure¹ 0.060% • The Fund invests in bonds whose value generally falls when interest rates rise. This risk isCodestypically 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 theirISIN IE00066KZ5B5bonds and default. Bonds that are in default may become hard to sell or worthless. Bloomberg ticker HEGB LN • To the extent that the Fund seeks to replicate index performance by holding individual SEDOLBTXMNT5securities, there is no guarantee that its composition or performance will exactly match that ¹Ongoing Charges Figure is an estimate as theof the target index at any given time (“tracking error”). share class has not been priced for a full • Derivatives may be used by the Fund, and these can behave unexpectedly. The pricing and financial year.volatility of many derivatives may diverge from strictly reflecting the pricing or volatility oftheir underlying reference(s), instrument or asset. Past performance does not predict 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 KID before making any final investment decisions. 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 HSBC Global Funds ICAV Euro Government Bond UCITS ETF Monthly report 30 April 2026 | HEGB LN | ETFC Performance (%) YTD 1 month 3 months 6 months 1 year3 years ann 5 years ann Since inception ETFC-- -- -- -- -- ---- -- Reference Benchmark ------ ---- -- -- -- 30/04/25- 30/04/24- 30/04/23- 30/04/22- 30/04/21- Rolling performance (%) 30/04/26 30/04/2530/04/24 30/04/2330/04/22 ETFC -- -- ---- -- Reference Benchmark-- -- -- -- -- Reference Reference 3-Year Risk Measures ETFCBenchmark 5-Year Risk Measures ETFC Benchmark Volatility-- -- Volatility -- -- Sharpe ratio ----Sharpe ratio -- -- Tracking error----Tracking error-- -- Information ratio ----Information ratio -- -- Reference Fixed Income Characteristics Fund Benchmark Relative No. of holdings ex cash 343 583 -- Average coupon rate2.23 2.48-0.25 Yield to worst3.22%3.22%0.00% Option adjusted duration 7.02 7.02 0.01 Modified duration to worst 6.88 6.82 0.06 Option adjusted spread duration6.93 6.92 0.01 Average maturity 8.68 8.70-0.02 Average Credit Quality AA-/A+AA-/A+-- Reference Maturity Breakdown Credit rating (%) Fund Benchmark Relative(Option adjusted Reference AAA 23.1023.14-0.04 duration)Fund Benchmark Relative 0-2 years0.18 0.17 0.01 AA 6.70 6.66 0.04 2-5 years1.04 1.00 0.04 A 47.1747.28 -0.11 5-10 years 2.06 2.03 0.03 BBB 22.9822.92 0.06 10+ years3.74 3.81 -0.07 Cash 0.05 -- 0.05 Total7.02 7.020.01 Past performance does not predict future returns. The figures are calculated in the share class base currency, dividend reinvested, net of fees. Source: HSBC Asset Management, data as at 30 April 2026 HSBC Global Funds ICAV Euro Government Bond UCITS ETF Monthly report 30 April 2026 | HEGB LN | ETFCCurrency Allocation Reference (%) Fund BenchmarkRelative EUR 100.00 100.00 0.00 Geographical allocation (%) France 24.08 24.10 Italy 21.68 21.65 Germany 18.81 18.84 Spain14.11 14.09 Belgium 5.05 5.08Netherlands 4.084.08Austria 3.49 3.48 Portugal 1.86 1.88Finland 1.75 1.74Ireland 1.451.44 Other Locations 3.58 3.62 Cash 0.05 FundReference Benchmark Reference Sector allocation (%) Fund Benchmark Relative Treasuries 99.95 100.00-0.05 Cash 0.05 -- 0.05 Source: HSBC Asset Management, data as at 30 April 2026 HSBC Global Funds ICAV Euro Government Bond UCITS ETF Monthly report 30 April 2026 | HEGB LN | ETFCTop 10 holdings Weight (%) FRANCE O.A.T. 2.750 25/02/30 0.92 FRANCE O.A.T. 3.000 25/05/33 0.89 FRANCE O.A.T. 0.000 25/05/32 0.89 FRANCE O.A.T. 2.500 24/09/27 0.84 FRANCE O.A.T. 2.000 25/11/32 0.82 FRANCE O.A.T. 0.750 25/11/28 0.79 FRANCE O.A.T. 2.750 25/02/29 0.77 FRANCE O.A.T. 3.500 25/11/35 0.76 FRANCE O.A.T. 3.200 25/05/35 0.73 FRANCE O.A.T. 2.500 25/05/30 0.73 Trading Bloomberg iNAV Exchange name Listing datecurrency Trading hours ticker Reuters RIC Bloomberg iNAV Reuters LONDON STOCK EXCHANGE 20 May 2025 GBP --HEGB LN HEGB.L HEGBGBIVHEGBGBPINAV=SOLA BORSA ITALIANA SPA 06 Jun 2025 EUR -- HEGB IM HEGB.MIHEGBEUIV HEGBEURINAV=SOLA Source: HSBC Asset Management, data as at 30 April 2026 HSBC Global Funds ICAV Euro Government Bond UCITS ETF Monthly report 30 April 2026 | Share class ETFC Follow us on: Risk disclosures HSBC Asset Management • 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 For more information please contact us the reference source. at E-mail: • Further information on the potential risks can be found in the Key Information Document Wholesale.clientservices@hsbc.com. (KID) and/or the Prospectus or Offering Memorandum. www.assetmanagement.hsbc.com/uk To help improve our service and in the interests of security we may record and/ or monitor your communication with us. Glossary www.assetmanagement.hsbc.co.uk/en/ api/v1/download/document/ gb00b80qg615/gb/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: HSBC Asset Management, data as at 30 April 2026 HSBC Global Funds ICAV Euro Government Bond UCITS ETF Monthly report 30 April 2026 | HEGB LN | ETFC Important information The material contained herein is for marketing purposes and is for your information only. This document is not contractually binding nor are we required to provide this to you by any legislative provision. It does not constitute legal, tax or investment advice or a recommendation to any reader of this material to buy or sell investments. You must not, therefore, rely on the content of this document when making any investment decisions. This material is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This material is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe to any investment. Any views expressed were held at the time of preparation and are subject to change without notice. While any forecast, projection or target where provided is indicative only and not guaranteed in any way. HSBC Global Asset Management (UK) Limited accepts no liability for any failure to meet such forecast, projection or target. 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 Investor Information Document (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. To help improve our service and in the interests of security we may record and/or monitor your communication with us. HSBC Global Asset Management (UK) Limited provides information to Institutions, Professional Advisers and their clients on the investment products and services of the HSBC Group. Approved for issue in the UK by HSBC Global Asset Management (UK) Limited, who are authorised and regulated by the Financial Conduct Authority. www.assetmanagement.hsbc.co.uk Copyright © HSBC Global Asset Management (UK) Limited 2026. All rights reserved. Further Information can be found in the prospectus and in our Key Investor Information Documents published in our Fund Centre at www.assetmanagement.hsbc.co.uk Source: HSBC Asset Management, data as at 30 April 2026