Title: MR_GB_en_IE000DKL1700_YES_2026-04-30.pdf URL Source: https://api.fundinfo.com/document/7d308cb850e999e91fb13c5684252773_384129/MR_GB_en_IE000DKL1700_YES_2026-04-30.pdf?apiKey=b9934aa2-1a83-4286-b11b-c8415da9e581?apiKey=b9934aa2-1a83-4286-b11b-c8415da9e581 Published Time: Mon, 18 May 2026 11:43:31 GMT Number of Pages: 5 Markdown Content: # HSBC Global Funds ICAV # Japan Government Bond UCITS ETF Marketing communication | Monthly report 30 April 2026 | - | ETFC 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. Source: HSBC Asset Management, data as at 30 April 2026 # Investment objective The Fund aims to provide income and capital growth. # Investment strategy The Fund tracks as closely as possible the performance of the Bloomberg Global Japan Total Return Index (the Index). The Fund may invest in Japanese government bonds which are Index constituents and will not embed a derivative and/or leverage. The Fund may also invest in the assets which are not Index constituents for the purpose of assisting in tracking the Index. The Index is a market -weighted index which measures Japanese Yen denominated, fixed -rate, nominal debt issued with a maturity of 1 year and above. The currency of the Index is JPY, and returns are unhedged. The Index is based on the Bloomberg Index Methodology which applies an eligibility criteria based on a set of fundamental core design 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 rebalanced monthly. The credit ratings of the Fund’s underlying investments may vary from time to time. The Fund is passively managed and utilises an investment technique called optimisation. The Fund will not invest more than 10% in other funds, including HSBC funds. See the Prospectus for a full description of the investment objectives and derivative usage. # Main risks • The Fund invests in bonds whose value generally falls when interest rates rise. This risk is typically 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 their bonds and default. Bonds that are in default may become hard to sell or worthless. • 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. Share class details Key metrics NAV per share JPY 942.31 Yield to maturity 2.25% Fund facts UCITS V compliant Yes UK reporting fund status (UKRS) Yes ISA eligible Yes Dividend treatment Accumulating Dealing frequency Daily Valuation time 23:00 Ireland Share class base currency JPY Domicile Ireland Inception date 14 May 2025 Fund size JPY 32,617,628,779 Reference benchmark 100% Bloomberg Global Japan Total Return Index Managers Amrita Chauhan Sanyal Cesar Felipe Fernandez Sebastien Faucher Fees and expenses Ongoing charge figure ¹ 0.070% Codes ISIN IE000DKL1700 Bloomberg ticker HJGB LN SEDOL BPDJT01 ¹Ongoing Charges Figure is an estimate as the share class has not been priced for a full financial year. HSBC Global Funds ICAV Japan Government Bond UCITS ETF Monthly report 30 April 2026 | - | ETFC Past performance does not predict future returns. The figures are calculated in the share class bas e currency, dividend rein vested, net of fees. Source: HSBC Asset Management, data as at 30 April 2026 Performance (%) YTD 1 month 3 months 6 months 1 year 3 years ann 5 years ann Since inception ETFC -- -- -- -- -- -- -- -- Reference Benchmark -- -- -- -- -- -- -- -- Rolling performance (%) 30/04/25 - 30/04/26 30/04/24 - 30/04/25 30/04/23 - 30/04/24 30/04/22 - 30/04/23 30/04/21 - 30/04/22 ETFC -- -- -- -- -- Reference Benchmark -- -- -- -- -- 3-Year Risk Measures ETFC Reference Benchmark Volatility -- -- Sharpe ratio -- -- Tracking error -- -- Information ratio -- -- 5-Year Risk Measures ETFC Reference Benchmark Volatility -- -- Sharpe ratio -- -- Tracking error -- -- Information ratio -- -- Fixed Income Characteristics Fund Reference Benchmark Relative No. of holdings ex cash 211 298 -- Average coupon rate 0.92 1.05 -0.13 Yield to worst 2.25% 2.26% -0.01% Option adjusted duration 8.36 8.37 0.00 Modified duration to worst 6.15 6.17 -0.02 Option adjusted spread duration 8.01 8.01 0.00 Average maturity 9.29 9.30 -0.02 Average Credit Quality A+ A+ -- Credit rating (%) Fund Reference Benchmark Relative A 99.86 100.00 -0.14 Cash 0.14 -- 0.14 Maturity Breakdown (Option adjusted duration) Fund Reference Benchmark Relative 0-2 years 0.17 0.19 -0.02 2-5 years 0.95 0.92 0.03 5-10 years 2.05 2.08 -0.03 10+ years 5.19 5.17 0.02 Total 8.36 8.37 0.00 HSBC Global Funds ICAV Japan Government Bond UCITS ETF Monthly report 30 April 2026 | - | ETFC Source: HSBC Asset Management, data as at 30 April 2026 Currency Allocation (%) Fund Reference Benchmark Relative JPY 100.00 100.00 0.00 EUR 0.00 -- 0.00 Sector allocation (%) Fund Reference Benchmark Relative Treasuries 99.86 100.00 -0.14 Cash 0.14 -- 0.14 Top 10 holdings Weight (%) JAPAN GOVT 10 -YR 1.700 20/09/35 1.23 JAPAN GOVT 10 -YR 0.800 20/03/34 1.21 JAPAN GOVT 10 -YR 0.100 20/06/27 1.20 JAPAN GOVT 10 -YR 0.100 20/06/30 1.16 JAPAN GOVT 10 -YR 0.100 20/09/31 1.07 JAPAN GOVT 10 -YR 0.100 20/03/28 1.04 JAPAN GOVT 10 -YR 0.100 20/06/28 1.03 JAPAN GOVT 10 -YR 0.500 20/03/33 1.03 JAPAN GOVT 5 -YR 1.600 20/12/30 1.03 JAPAN GOVT 10 -YR 0.200 20/06/32 1.02 HSBC Global Funds ICAV Japan Government Bond UCITS ETF Monthly report 30 April 2026 | Share class ETFC Risk disclosures • Further information on the potential risks can be found in the Key Information Document (KID) and/or the Prospectus or Offering Memorandum. 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 Follow us on: HSBC Asset Management 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 Global Funds ICAV Japan Government Bond UCITS ETF Monthly report 30 April 2026 | - | ETFC Source: HSBC Asset Management, data as at 30 April 2026 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. Further information about the UCITS including the Prospectus, the most recent annual and semi -annua l reports of the UCITS an d the latest prices of shares, may be obtained free of charge, in English, from the Administrator by emailing ifsinvestorqu eries@hsbc.com , or by vi siting 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 (K ID) 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 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 2026. 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.