HSBC ETFs PLC HSBC MSCI World Small Cap ESG UCITS ETF Marketing communication | Monthly report 31 January 2025 | HWSC LN | USD (Acc) This product is based overseas and is not subject to UK sustainable investment labelling and disclosure requirements. Share class detailsInvestment objective Key metrics The Fund aims to track as closely as possible the returns of the MSCI World Small Cap SRI ESG NAV per share USD 21.37 Leaders Select Index (the Index), while integrating environmental, social and governance (ESG)Performance 1 month 3.93% metrics. The Fund will invest in or gain exposure to shares of companies which make up the Fund facts Index. The Fund qualifies under Article 8 of SFDR. UCITS V compliant Yes UK reporting fund status YesInvestment strategy(UKRS) The Index is a subset of the MSCI World Small Cap Index (Parent Index), and is made up of small ISA eligible Yes cap companies (as measured by the market value of their shares) based in certain developedDividend treatment Accumulating market countries, as defined by the Index Provider. Dividend currency USD The Index is constructed by excluding companies with exposure to: controversial and nuclear weapons, adult entertainment, alcohol, gambling, nuclear power, thermal coal power, fossil fuel Fund base currencyUSD and tobacco. Currency Hedged Not Hedged The Fund is passively managed and utilises an investment technique called optimization. The Share class base currency USD Fund aims to invest in the shares of the companies in generally the same proportion as in the Index. There may be circumstances when it is not possible for the Fund to invest in all Domicile Ireland constituents of the Index.Inception date 20 October 2022 The Fund may invest up to 10% of its assets in other funds and up to 10% in total return swapsShares outstanding 4,712,500 and contracts for difference. Fund size USD 100,722,472 See the Prospectus for a full description of the investment objectives and derivative usage. Reference100% MSCI World Small benchmark Cap SRI ESG Leaders Main risksSelect Index Replication method Physical- Sample • 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 SIPP eligible Yesdemographics, cultures and populations, natural or human-caused disasters etc. IssuerHSBC ETFs PLC • To the extent that the Fund seeks to replicate index performance by holding individual Fiscal year endDecsecurities, there is no guarantee that its composition or performance will exactly match thatof the target index at any given time (“tracking error”). Fees and expenses • Derivatives may be used by the Fund, and these can behave unexpectedly. The pricing andOngoing charge figure¹ 0.250%volatility of many derivatives may diverge from strictly reflecting the pricing or volatility of Codestheir underlying reference(s), instrument or asset. ISIN IE000C692SN6 SEDOLBMQ51Z4 Fund facts¹Ongoing Charges Figure is based on expenses over a year. The figure includes annual Fund manager HSBC Global Asset Management (UK) Limitedmanagement charge but not the transaction costs. Such figures may vary from time to time. Custodian HSBC Continental Europe Fund administrator HSBC Securities Services (Ireland) DAC 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 31 January 2025 For Professional investors only. Not for further distribution. HSBC ETFs PLC HSBC MSCI World Small Cap ESG UCITS ETF Monthly report 31 January 2025 | HWSC LN | USD (Acc) Performance Fund Reference Benchmark 145 Return index rebased to 100 on starting date 140 135 130 125 120 115 110 10512/2206/23 12/23 06/24 12/24Since inception Performance (%)YTD1 month 3 months 6 months1 year 3 years ann 5 years annann Fund 3.93 3.93 3.26 2.2613.65-- -- 15.67 Reference Benchmark3.95 3.953.342.43 13.97 -- -- 15.88 Tracking difference-0.01-0.01-0.07 -0.17 -0.32 -- -- -0.20 31/01/24- 31/01/23- 31/01/22-31/01/21- 31/01/20- Rolling performance (%) 31/01/25 31/01/2431/01/23 31/01/2231/01/21 Fund 13.65 2.81 -- -- -- Reference Benchmark 13.97 2.92 -- -- --Reference Benchmark information Equity characteristics Fund Benchmark Index name100% MSCI World Small Cap SRI ESG Leaders No. of holdings ex cash 1,139 1,307 Select Index Average market cap (USD Mil) 5,878 5,834 Index currency USD Price/earning ratio 17.82 17.85 TR Index Bloomberg Ticker NU750120 TR Index Reuters RIC .dMIWO0SR2SNUS Sector allocation (%) Industrials 19.22 Financials 17.29 Consumer Discretionary 12.62Information Technology 12.46Health Care 10.21Real Estate 7.92 Materials 7.03 Consumer Staples 4.18 Communication Services 3.43 Energy 2.62 Utilities 1.51 Cash & Others 1.51Fund Past performance does not predict future returns. The figures are calculated in the share class base currency, dividend reinvested, net of fees. Broad Market Index: MSCI World Small Cap Source: HSBC Asset Management, data as at 31 January 2025 For Professional investors only. Not for further distribution. HSBC ETFs PLC HSBC MSCI World Small Cap ESG UCITS ETF Monthly report 31 January 2025 | HWSC LN | USD (Acc)Geographical allocation (%) United States 63.42 Japan 10.32United Kingdom 6.20 Australia4.38 Canada 3.51 Switzerland1.75 Sweden 1.59 France1.17 Germany0.89 Singapore 0.68Other Locations4.59 Cash & Others1.51Fund Top 10 holdings Sector Weight (%) Tapestry IncConsumer Discretionary 0.49 Sprouts Farmers Market Inc Consumer Staples 0.46 Guidewire Software Inc Information Technology 0.45 US Foods Holding Corp Consumer Staples 0.44 Flex LtdInformation Technology 0.43 Comfort Systems USA Inc Industrials 0.43 Reinsurance Group of America I Financials 0.43 East West Bancorp Inc Financials 0.41 Celestica Inc Information Technology 0.39 Jones Lang LaSalle Inc Real Estate 0.38Trading Bloomberg iNAV Exchange name Listing date currencyTrading hours tickerReuters RIC Bloomberg iNAV Reuters LONDON STOCK EXCHANGE 21 Oct 2022USD 08:00 - 16:30 HWSC LN HWSC.L HWSCUXIVHWSCUSDINA V=SOLA LONDON STOCK EXCHANGE 21 Oct 2022GBP 08:00 - 16:30 HWSS LN HWSS.L HWSSGXIV HWSSGBPINA V=SOLA NYSE EURONEXT - EURONEXT 14 Nov 2022EUR 09:00 - 17:30 HWSS FP HWSS.PAH41GEXIV H41GEURINAV PARIS =SOLA DEUTSCHE BOERSE AG-XETRA 25 Oct 2022EUR 09:00 - 17:30 H41G GY H41G.DEH41GEXIV H41GEURINAV =SOLA Source: HSBC Asset Management, data as at 31 January 2025 For Professional investors only. Not for further distribution. HSBC ETFs PLC HSBC MSCI World Small Cap ESG UCITS ETF Monthly report 31 January 2025 | HWSC LN | USD (Acc)MSCI ESG Score ESG score ESG Fund 7.3 5.6 5.3 6.6 Broad market index 6.0 5.1 4.7 6.2 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 Broad Market Index: MSCI World Small Cap Source: HSBC Asset Management, data as at 31 January 2025 For Professional investors only. Not for further distribution. HSBC ETFs PLC HSBC MSCI World Small Cap ESG UCITS ETF Monthly report 31 January 2025 | HWSC LN | USD (Acc) Follow us on: Risk disclosuresHSBC 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 E-mail: etf.client.services@hsbc.com the reference source.Website: www.etf.hsbc.com • Where overseas investments are held the rate of currency exchange may cause the value of For more information please contact us such investments to go down as well as up. 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/ukTo help improve our service and in theinterests of security we may record and/or monitor your communication with us.Glossarywww.assetmanagement.hsbc.co.uk/en/api/v1/download/document/gb00b80qg615/gb/en/glossary 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 January 2025 For Professional investors only. Not for further distribution. HSBC ETFs PLC HSBC MSCI World Small Cap ESG UCITS ETF Monthly report 31 January 2025 | HWSC LN | USD (Acc) 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. This fund is a sub-fund of HSBC ETFs plc (“the Company”), an investment company with variable capital and segregated liability between sub-funds, incorporated in Ireland as a public limited company, and is authorised by the Central Bank of Ireland. The company is constituted 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 may incur fees for doing so. In addition, investors may pay more than the current Net Asset Value per share when buying shares and may receive less than the current Net Asset Value per Share when selling them. UK based investors in HSBC ETFs plc are advised that they may not be afforded some of the protections conveyed by the Financial Services and Markets Act (2000), (“the Act”). The Company is recognised in the United Kingdom by the Financial Conduct Authority under section 264 of the Act. The shares in HSBC ETFs plc have not been and will not be offered for sale or sold in the United States of America, its territories or possessions and all areas subject to its jurisdiction, or to United States Persons. Affiliated companies of HSBC Global Asset Management (UK) Limited may make markets in HSBC ETFs plc. All applications are made on the basis of the current HSBC ETFs plc Prospectus, relevant Key Investor Information Document (“KIID”), Supplementary Information Document (SID) and Fund supplement, and most recent annual and semi-annual reports, which can be obtained upon request free of charge from HSBC Global Asset Management (UK) Limited, 8 Canada Square, Canary Wharf, London, E14 5HQ. UK, or from a stockbroker or financial adviser. The indicative intra-day net asset value of the sub-fund[s] 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. Investors and potential investors should read and note the risk warnings in the prospectus, relevant KIID and Fund supplement (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-annual reports of the Company and the latest share prices, may be obtained free of charge, in English, from the Administrator by emailing ifsinvestorqueries@hsbc.com, or by visiting www.etf.hsbc.com. Details of the underlying investments of the fund are available on www.etf.hsbc.com. 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 Document (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 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 2025. 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 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.Further additional and complete information (including but not limited to) investor rights, costs and charges, please refer to the prospectus. 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 31 January 2025 For Professional investors only. Not for further distribution.