Key Investor Information This document provides you with key investor information about this Fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this Fund. You are advised to read it so you can make an informed decision about whether to invest.HSBC Global Funds ICAV - Global Government Bond UCITS ETF a sub-fund of HSBC Global Funds ICAV, (the "UCITS");Class:ETFCH managed by HSBC Investment Funds (Luxembourg) S.A. ISIN:IE0006NCFSW9Objectives and Investment Policy Investment Objective: The Fund may invest in cash and money market instruments and may The Fund aims to provide regular income and capital growth by trackinginvest up to 10% of its assets in funds for efficient portfolio as closely as possible the performance of the FTSE World Government management purposes. Bond Index (total return hedged to US dollars) (the Index). The Fund may also invest in derivatives for hedging and efficient Investment Policy:portfolio management purposes (such as to manage risk and costs, or The Index is comprised of investment grade bonds. The Index is multi- to generate additional capital or income). currency but hedged into US dollars (USD). The Index includes fixed- � The Fund may enter into securities lending transactions for up to rate local currency government bonds from developed and emerging 30% of its assets. However, this is not expected to exceed 25%. markets issuers. � The reference currency of the Fund is USD. The reference currency The Fund is passively managed and invests in, or gain exposure to: of this share class is USD. bonds issued by governments, government-related entities and supranational entities based in developed and emerging markets, all of� Income is reinvested. which are Index constituents. The Fund utilises an investment technique � Authorised Participants only may deal in the Fund’s ETF Shares called optimisation, which seeks to minimise the difference in return directly with the UCITS. between the Fund and the Index by taking into account tracking error � The Fund’s ETF Shares are listed on one or more stock exchange(s). (the risk that the Fund return varies from the Index return) and trading costs when constructing a portfolio. The Fund will not necessarily invest � You may sell your investment on most working days. in every constituent of the Index, or invest proportionally to each � Recommendation: this Fund may not be appropriate for investors constituents’ Index weight. If the overall portfolio matches the who plan to withdraw their money within a period of 3 years. characteristics of the Index, the Fund can also invest in assets outside � This product is based overseas and is not subject to UK sustainable of the Index, such as: bonds with a credit rating of Ba1, BB+ and investment labelling and disclosure requirements. below; securities which are expected to provide similar performance and risk characteristics to certain Index constituents.Risk and Reward Profile Lower risk Higher risk � Derivatives Risk Derivatives 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. � Exchange Rate Risk Changes in currency exchange rates could reduce Typically lower rewardsTypically higher rewards or increase investment gains or investment losses, in some cases 1 2 3 4 5 6 7 significantly. � Index Tracking Risk To the extent that the Fund seeks to replicate The risk and reward indicator is based on historical data and may not index performance by holding individual securities, there is no guarantee be a reliable indication of the future risk profile of the Fund. that its composition or performance will exactly match that of the target The risk and reward category shown is not guaranteed to remainindex at any given time (“tracking error”). unchanged and may shift over time. The lowest category does not � Interest Rate Risk When interest rates rise, bond values generally fall. mean a risk-free investment. This risk is generally greater the longer the maturity of a bond investment and the higher its credit quality. Why is this Fund in this specific category? � Investment Leverage Risk Investment Leverage occurs when the This Fund is classified in category 4 because its price or simulated data economic exposure is greater than the amount invested, such as when has shown medium fluctuations historically. derivatives are used. A Fund that employs leverage may experience greater gains and/or losses due to the amplification effect from a Material risks not fully captured by the Risk and Reward movement in the price of the reference source. Indicator:� Liquidity Risk Liquidity Risk is the risk that a Fund may encounter difficulties meeting its obligations in respect of financial liabilities that are � Counterparty Risk The possibility that the counterparty to a transaction settled by delivering cash or other financial assets, therebymay be unwilling or unable to meet its obligations.compromising existing or remaining investors. � Credit Risk A bond or money market security could lose value if the � Operational Risk Operational risks may subject the Fund to errorsissuer’s financial health deteriorates.affecting transactions, valuation, accounting, and financial reporting, � Default Risk The issuers of certain bonds could become unwilling or among other things.unable to make payments on their bonds. Charges The charges you pay are used to pay the running costs of the Fund, � No entry nor exit charges are payable where investors deal in ETF including the marketing and distribution costs. These charges reduceShares in the secondary market – i.e. where shares are purchased the potential growth of the investment. and sold on a stock exchange. In such cases, investors may pay fees charged by their broker. Authorised Participants dealing directly with the Fund may be subject to a Direct Dealing (Cash Transaction) One-off charges taken before or after you invest Fee of up to 3.00% on subscriptions and up 3.00% on redemptions. Entry charge 0.00% � A conversion charge of up to 3.00% of the Net Asset Value of the Shares which are being converted may be payable to the relevant Exit charge 0.00%Administrator. � The ongoing charges figure shown is an estimate due to a material This is the maximum that might be taken out of your money before change in the fee structure. The UCITS’ annual report for each it is invested or before the proceeds of your investment are paid out. financial year will include detail on the exact charges made. Further information on Charges can be found in the “Charges and Charges taken from the Fund over a year Expenses” section of the Fund’s Prospectus. Ongoing charge0.10% Charges taken from the Fund under certain specific conditions Performance fee None Past Performance � Fund � Benchmark � Past performance is not a guide to future performance; the value of 3.0% your investment and any income from it can go down as well as up. � Performance returns are based on the net asset value with2.4 2.5% distributable income reinvested. Past performance takes account of 2.2 all ongoing charges but not entry, exit or conversion charges. 2.0%� The past performance of this share class is calculated in USD. � The investment benchmark for the Fund is the FTSE World 1.5% Government Hedged USD. � The Fund was launched on 02 May 2018. 1.0%0.5%0.0%2020 2021 2022 2023 2024Practical Information Depositary Remuneration Policy HSBC Continental Europe. The up-to-date remuneration policy of the Management Company, including a description of how remuneration and benefits are determined, is available Further information at http://www.global.assetmanagement.hsbc.com/luxembourg. A paper Further information about the UCITS including the Prospectus, the most copy is available free of charge from the Management Company. 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 byTax emailing ifsinvestorqueries@hsbc.com, or by The Fund is subject to Irish tax regulations. This may have an impact on your visiting www.global.assetmanagement.hsbc.com. The most recentpersonal tax position. Prospectus is available in English and French. Details of the underlying Management Company investments of the fund are available on www.global.assetmanagement.hsbc.com. The indicative intra-day net HSBC Investment Funds (Luxembourg) S.A. may be held liable solely on the asset value of the fund is available on at least one major market data vendorbasis of any statement contained in this document that is misleading, terminal such as Bloomberg, as well as on a wide range of websites that inaccurate or inconsistent with the relevant parts of the Prospectus. display stock market data, including www.reuters.com. This document Segregated liability describes a single share class of the UCITS. The Prospectus, annual and HSBC Global Funds ICAV is an open-ended umbrella type Irish collective semi-annual reports are prepared for the entire UCITS. asset-management vehicle with limited liability and segregated liability Share classesbetween sub-funds incorporated under the laws of Ireland. This means that It is possible to switch your shares into shares of a different share class or the holdings of one sub-fund are kept separate from the holdings of the other sub-fund within the ICAV, however the conversion of the ETF Shares into sub-funds and your investment in the Fund cannot be used to pay the Non-ETF Shares and vice versa is not permitted. Details of how to do this areliabilities of any other sub-fund. in the “How to convert between sub-funds / Classes” section of the Prospectus. The Fund is authorised in Ireland and regulated by the Central Bank of Ireland (CBI). This key investor information is accurate as at 05 February 2025.