HSBC Global Funds ICAV Euro Lower Carbon Government 1-3 Year Bond UCITS ETF Marketing communication | Monthly report 30 April 2026 | - | ETFC Share Class DetailsInvestment objective Key metrics The Fund aims to provide regular income and capital growth. NAV per Share EUR 10.21 Performance 1 month0.27% Investment strategyYield to maturity 2.73% Fund facts The Fund tracks as closely as possible the performance of the Bloomberg Euro Government 1-3 UCITS V compliant Yes Year Lower Carbon Index (the Index), while minimising the tracking error between the Fund’s performance and that of the Index, while promoting environmental, social and governance (ESG) Dividend treatment Accumulating characteristics within the meaning of Article 8 of SFDR. Dealing frequency Daily The Fund may invest in European government bonds, agency and supranational bonds Valuation Time 23:00 Ireland (developed and emerging markets) which are Index constituents and will not embed a derivative and/or leverage. Share Class Base CurrencyEUR The Index seeks to achieve a reduction in carbon emissions and an improvement of the MSCI Domicile Ireland ESG rating against that of the Bloomberg Euro Aggregate 1-3 Year Treasury Bond Index (the Inception date 22 January 2025 Parent Index). The Index is based on the Bloomberg Index Methodology which applies an eligibility criteria Fund SizeEUR 75,642,238 based on a set of fundamental core design principles and also applies carbon tilt factors towards Reference 100% Bloomberg Euro countries with lower carbon per capita levels relative to the Parent Index. benchmarkTreasury 1-3 Year Carbon The credit ratings of the Fund’s underlying investments may vary from time to time. Tilted Index The Fund is passively managed and utilises an investment technique called optimisation. Managers Amrita Chauhan Sanyal The Fund may invest in money market instruments and also may invest up to 10% in other funds. Cesar Felipe Fernandez See the Prospectus for a full description of the investment objectives and derivative usage.Sebastien Faucher Fees and expenses Main risksOngoing Charge Figure¹0.140% Codes • The Fund's unit value can go up as well as down, and any capital invested in the Fund maybe at risk.ISIN IE0009WMIIC0 • To the extent that the Fund seeks to replicate index performance by holding individual Bloomberg ticker ERLCUEC IDsecurities, 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 financial year. • Derivatives may be used by the Fund, and these can behave unexpectedly. The pricing andvolatility 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. Source: HSBC Asset Management, data as at 30 April 2026 HSBC Global Funds ICAV Euro Lower Carbon Government 1-3 Year Bond UCITS ETF Monthly report 30 April 2026 | - | ETFC Performance Fund Reference benchmark Return index rebased to 103.0 100 on starting date 102.5 102.0 101.5 101.0 100.5 100.0 03/25 06/2509/2512/25 03/26 Since inception Performance (%)YTD1 month 3 months 6 months1 year 3 years ann 5 years annann ETFC -0.21 0.27-0.52-0.09 0.58---- 1.64 Reference benchmark -0.16 0.28 -0.49 -0.020.73-- -- 1.79 30/04/25- 30/04/24- 30/04/23- 30/04/22- 30/04/21- Rolling Performance (%) 30/04/26 30/04/25 30/04/24 30/04/23 30/04/22 ETFC0.58 ------ -- Reference benchmark0.73-- -- -- -- Reference Reference 3-Year Risk Measures ETFC benchmark 5-Year Risk Measures ETFC benchmark Volatility---- Volatility -- -- Sharpe ratio -- -- Sharpe ratio -- -- Tracking error-- -- Tracking error -- -- Information ratio -- -- Information ratio -- -- Reference Fixed Income CharacteristicsFund benchmark Relative No. of holdings ex cash89 105 -- Average coupon rate 2.08 2.070.01 Yield to worst 2.73%2.72% 0.01% Option Adjusted Duration 1.96 1.850.11 Modified Duration to Worst 1.94 1.830.11 Option Adjusted Spread Duration 1.96 1.850.11 Average maturity 2.03 1.910.12 Average Credit Quality A+/A A+/A-- Reference Maturity Breakdown Credit rating (%) Fundbenchmark Relative(Option Adjusted Reference AAA 12.53 12.20 0.32 Duration) Fund benchmark Relative0-2 years 0.71 0.700.01 AA 3.34 5.29-1.942-5 years 1.25 1.15 0.10 A 60.5957.423.16Total 1.96 1.85 0.11 BBB 23.4025.09-1.68 Cash 0.14 --0.14 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 Lower Carbon Government 1-3 Year Bond UCITS ETF Monthly report 30 April 2026 | - | ETFCGeographical Allocation (%) France 38.45 35.33 Italy 22.47 23.82 Spain 17.0317.52 Germany 10.69 10.36 Portugal 2.253.01Netherlands 1.83 1.84Austria 1.55 2.12Belgium 1.461.47Finland 1.311.17 Greece 0.941.22 Other Locations1.89 2.13 Cash 0.14 Fund Reference benchmarkReference Sector Allocation (%) Fund benchmarkRelative Treasuries99.86 100.00 -0.14 Cash 0.14 -- 0.14 Top 10 Holdings Weight (%) FRANCE O.A.T. 2.750 25/02/29 5.39 FRANCE O.A.T. 2.750 25/10/27 5.16 FRANCE O.A.T. 0.750 25/05/28 4.92 FRANCE O.A.T. 0.750 25/11/28 4.66 FRANCE O.A.T. 0.750 25/02/28 4.35 FRANCE O.A.T. 2.400 24/09/28 4.10 FRANCE O.A.T. 5.500 25/04/29 3.41 FRANCE O.A.T. 1.000 25/05/27 3.28 FRANCE O.A.T. 2.500 24/09/27 3.18 SPANISH GOV'T 0.000 31/01/28 2.23 Source: HSBC Asset Management, data as at 30 April 2026 HSBC Global Funds ICAV Euro Lower Carbon Government 1-3 Year Bond UCITS ETF Monthly report 30 April 2026 | Share class ETFC Follow us on: Risk Disclosure 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 the reference source. • Further information on the potential risks can be found in the Key Information Document Glossary (KID) and/or the Prospectus or Offering Memorandum. www.assetmanagement.hsbc.it/api/v1/ download/document/lu0210635099/it/ 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 Lower Carbon Government 1-3 Year Bond UCITS ETF Monthly report 30 April 2026 | - | ETFC 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.it/it/complaints-handling 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