Title: URL Source: https://api.fundinfo.com/document/d0edc4bebc54ac832f4e018739141aaf_395293/MR_GB_en_IE0007HPIXG8_YES_2025-05-31.pdf?apiKey=b9934aa2-1a83-4286-b11b-c8415da9e581 Published Time: Thu, 26 Jun 2025 12:19:13 GMT Markdown Content: # HSBC ETFs PLC # HSBC MSCI CHINA A UCITS ETF Marketing communication | Monthly report 31 May 2025 | HCAU LN | USD Hedged(Acc) This product is based overseas and is not subject to UK sustainable investment labelling and disclo sure requirements. 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 KID before making any final investment decision s. 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. Prior to 30/07/2021 the fund was named HSBC ETFs PLC - HSBC MSCI China A Inclusion UCITS ETF. Source: HSBC Asset Management, data as at 31 May 2025 # Investment objective The Fund aims to track as closely as possible the returns of the MSCI China A Inclusion Index (the Index). The Fund will invest in or gain exposure to shares of companies which make up the Index. # Investment strategy The Index is made up of China -A shares in the MSCI Emerging Markets Index. It is designed for accessing the China -A shares market via the Shanghai -Hong Kong / Shenzhen -Hong Kong Stock Connect, and is calculated using the offshore China Renminbi exchange rate.The Fund will be passively managed and will aim to invest in the shares of the companies in generally the same proportion as in the Index. However, there may be circumstances when it is not possible or practical for the Fund to invest in all constituents of the Index. If the Fund cannot invest directl y in the companies that constitute the Index, it may gain exposure by using other investments such as depositary receipts, derivatives or funds.The Fund may invest in other funds, money market instruments, and up to 10% can be invested in other funds.The Fund may invest up to 35% in securities from a single issuer during exceptional market conditions and up to 10% in total return swaps and contracts for difference.See the Prospectus for a full description of the investment objectives and derivative usage. # Main risks • The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested • Investing in assets denominated in a currency other than that of the investor’s own currency exposes the value of the investment to exchange rate fluctuations • Where overseas investments are held the rate of currency exchange may cause the value of such investments to go down as well as up. ## Share class details Key metrics NAV per share USD 9.88 Fund facts UCITS V compliant Yes UK reporting fund status (UKRS) Yes ISA eligible Yes Dividend treatment Accumulating Dividend currency USD Fund base currency USD Currency Hedged Fully Hedged Share class base currency USD Domicile Ireland Inception date 27 May 2025 Shares outstanding 10,100 Fund size USD 149,126,438 Replication method Physical - Full SIPP eligible Yes Issuer HSBC ETFs PLC Fiscal year end Dec Fees and expenses Ongoing charge figure ¹ 0.310% Codes ISIN IE0007HPIXG8 SEDOL BTXWXG2 ¹Ongoing Charges Figure is an estimate as the share class has not been priced for a full financial year. HSBC ETFs PLC HSBC MSCI CHINA A UCITS ETF Monthly report 31 May 2025 | HCAU LN | USD Hedged(Acc) Past performance does not predict future returns. The figures are calculated in the share class bas e currency, dividend rein vested, net of fees. Performance figures will only be published once the share class has achieved a twelve months track record. The benchmark data is that of the reference benchmark of the fund, as this data is calculated at fu nd level rather than shar e class level. The reference benchmark of the fund is 100% MSCI China A Inclusion Net Total Return Index Source: HSBC Asset Management, data as at 31 May 2025 Performance (%) YTD 1 month 3 months 6 months 1 year 3 years ann 5 years ann Since inception Fund -- -- -- -- -- -- -- -- Tracking difference -- -- -- -- -- -- -- -- Rolling performance (%) 31/05/24 - 31/05/25 31/05/23 - 31/05/24 31/05/22 - 31/05/23 31/05/21 - 31/05/22 31/05/20 - 31/05/21 Fund -- -- -- -- -- Equity characteristics Fund Reference Benchmark No. of holdings ex cash 395 409 Average market cap (USD Mil) 51,334 51,321 Price/earning ratio 14.56 14.56 Sector allocation (%) Cash & Others Real Estate Communication Services Energy Utilities Health Care Consumer Discretionary Materials Consumer Staples Industrials Information Technology Financials > 0.63 > 0.93 > 1.24 > 3.17 > 4.73 > 6.37 > 7.41 > 8.72 > 11.77 > 15.25 > 15.73 > 24.06 Fund Cash & Others Real Estate Communication Services Energy Utilities Health Care Consumer Discretionary Materials Consumer Staples Industrials Information Technology Financials > 0.63 > 0.93 > 1.24 > 3.17 > 4.73 > 6.37 > 7.41 > 8.72 > 11.77 > 15.25 > 15.73 > 24.06 Fund HSBC ETFs PLC HSBC MSCI CHINA A UCITS ETF Monthly report 31 May 2025 | HCAU LN | USD Hedged(Acc) The benchmark data is that of the reference benchmark of the fund, as this data is calculated at fu nd level rather than shar e class level. The reference benchmark of the fund is 100% MSCI China A Inclusion Net Total Return Index Source: HSBC Asset Management, data as at 31 May 2025 Top 10 holdings Sector Weight (%) Kweichow Moutai Co Ltd Consumer Staples 5.03 Contemporary Amperex Technology Co Ltd Industrials 2.89 China Merchants Bank Co Ltd Financials 2.36 China Yangtze Power Co Ltd Utilities 1.94 BYD Co Ltd Consumer Discretionary 1.68 Ping An Insurance Group Co of China Ltd Financials 1.51 Wuliangye Yibin Co Ltd Consumer Staples 1.29 Agricultural Bank of China Ltd Financials 1.24 Industrial Bank Co Ltd Financials 1.24 Industrial & Commercial Bank of China Ltd Financials 1.17 Exchange name Listing date Trading currency Trading hours Bloomberg ticker Reuters RIC iNAV Bloomberg iNAV Reuters LONDON STOCK EXCHANGE 30 May 2025 USD -- HCAU LN HCAU.L HCAUUSIV HCAUUSDINAV =SOLA HSBC ETFs PLC HSBC MSCI CHINA A UCITS ETF Monthly report 31 May 2025 | HCAU LN | USD Hedged(Acc) ## Risk disclosures • The value of investible securities can change over time due to a wide variety of factors, including but not limited to: political and economic news, government policy, changes in demographics, cultures and populations, natural or human -caused disasters etc. • The Fund may invest in Emerging Markets, these markets are less established, and often more volatile, than developed markets and involve higher risks, particularly market, liquidity and currency risks. • 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 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. ## Index disclaimer 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 31 May 2025 Follow us on: HSBC Asset Management E-mail: etf.client.services@hsbc.com Website: www.etf.hsbc.com For more information please contact us at E -mail: Wholesale.clientservices@hsbc.com. 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 HSBC ETFs PLC HSBC MSCI CHINA A UCITS ETF Monthly report 31 May 2025 | HCAU LN | USD Hedged(Acc) Source: HSBC Asset Management, data as at 31 May 2025 ## Important information The material contained herein is for marketing purposes and is for your information only. This docu ment is not contractually binding nor are we required to provide this to you by any legislative provision. It does not constitute legal, tax or i nvestment advice or a rec ommendation to any reader of this material to buy or sell investments. You must not, therefore, rely on the content of this docum ent when making any inves tment decisions. This material is not intended for distribution to or use by any person or entity in any jurisdictio n or country where such d istribution 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 sub scribe to any investment. Any views expressed were held at the time of preparation and are subject to change without notice. While any forecast, proje ction or target where provided is indicative only and not guaranteed in any way. HSBC Global Asset Management (UK) Limite d accepts no liability fo r any failure to meet such forecast, projection or target. This fund is a sub -fund of HSBC ETFs plc (“the Company”), an investment company with variable capit al and segregated liabili ty between sub -funds, incorporated in Ireland as a public limited company, and is authorised by the Central Bank of Irelan d. The company is constit uted as an umbrella fund, with segregated liability between sub -funds. Shares purchased on the secondary market cannot usually be sold directly back to the Company. Investors must buy and sell shares on the secondary market with the assistance of an intermediary (e .g. a stockbroker) and ma y incur fees for doing so. In addition, investors may pay more than the current Net Asset Value per share when buying share s and may receive less th an the current Net Asset Value per Share when selling them. UK based investors in HSBC ETFs plc are advised that they m ay not be afforded some o f the protections conveyed by the Financial Services and Markets Act (2000), (“the Act”). The Company is recognised in the United Kingdom by th e Financial Conduct Authority under section 264 of the Act. The shares in HSBC ETFs plc have not been and will not be off ered for sale or sold in the United States of America, its territories or possessions and all areas subject to its jurisdiction, or to United Stat es Persons. Affiliated co mpanies of HSBC Global As set Management (UK) Limited may make markets in HSBC ETFs plc. All applications are made on the basis of the current HSBC ETFs pl c Prospectus, relevant Key Investor Information Document (“KIID”), Supplementary Information Document (SID) and Fu nd supplement, and most r ecent annual and semi -annual reports, which can be obtained upon request free of charge from HSBC Global Asset Manage ment (UK) Limited, 8 Cana da Square, Canary Wharf, London, E14 5HQ. UK, or from a stockbroker or financial adviser. The indicative intra -day net asset value of th e sub -fund[s] is availabl e on at least one major market data vendor terminal such as Bloomberg, as well as on a wide range of w ebsites that display stoc k market data, including www.reuters.com. Investors and potential investors should read and note the risk warnings in the prospectus, relevan t KIID and Fund supplemen t (where available) and additionally, in the case of retail clients, the information contained in the supporting SID. Further information about the Company including the Prospectus, the most recent annual and semi -ann ual reports of the Compan y and the latest share prices, may be obtained free of charge, in English, from the Administrator by emailing ifsinve storqueries@hsbc.com, or by visiting www.etf.hsbc.com. Details of the underlying investments of the fund are available on www.etf.hsbc.co m. 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. The most recent Prospectus is available in English, German and French. Key Investor Information Doc ument (KID) are available in the local language where they are registered. To help improve our service and in the interests of security we may record and/or monitor your comm unication with us. HSBC G lobal Asset Management (UK) Limited provides information to Institutions, Professional Advisers and their client s on the investment produ cts and services of the HSBC Group. Approved for issue in the UK by HSBC Global Asset Management (UK) Limited, who are authorised and r egulated by the Financial Conduct Authority. www.assetmanagement.hsbc.co.uk Copyright © HSBC Global Asset Management (UK) Limited 2025. All rights reserved. Further Information can be found in the prospectus and in our Key Investor Information Documents pu blished in our Fund Centr e at www.assetmanagement.hsbc.co.uk Term: The management company cannot terminate the Fund unilaterally. The Board of Directors may fur thermore decide to liquid ate the Fund in certain circumstances set out in the prospectus and articles of incorporation of the Fund.Further ad ditional and complete inf ormation (including but not limited to) investor rights, costs and charges, please refer to the prospectus.