Title: 44f192de8c3efa38b92b2e6a297adbcd.pdf URL Source: https://lowf.io/regulatory/uk/factsheets/uk_pdfs/44f192de8c3efa38b92b2e6a297adbcd.pdf?apiKey=b9934aa2-1a83-4286-b11b-c8415da9e581?apiKey=b9934aa2-1a83-4286-b11b-c8415da9e581 Published Time: Fri, 22 May 2026 11:42:48 GMT Number of Pages: 5 Markdown Content: # HSBC Global Liquidity Funds Plc # HSBC Sterling Liquidity Fund Marketing communication | Monthly report 31 March 2026 | HGBP LN | UCITS ETF (Acc) ¹The “AAAm”, “Aaa -mf” and "AAAmmf" money market fund ratings are historical and reflect the superio r quality of the Fund’s i nvestments, sound liquidity management, and strong operations and trading support. Periodic reviews are conducted to e nsure a secure operations environment. The ratings do not eliminate the risks associated with investing in the Fund. Past performance does not predict future returns. The figures are calculated in the share class bas e currency, dividend rein vested, net of fees. Returns of 1 year or less are annualised on a simple basis and for periods greater than 1 y ear returns are annualise d on a compound basis. All yields are annualised using 365 days in accordance with the Institutional Money Market Funds Association. This is a marketing communication. Please refer to the prospectus and to the KIID before making any final investment decisio ns. 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. Since Inception to 16th March 2020 the Benchmark was 1 Week GBP LIBID. From 16th March 2020 the ben chmark is Sterling Overnight Index Average (SONIA). Source: HSBC Asset Management, data as at 31 March 2026 # Investment objective The Fund aims to provide security of capital, daily liquidity and a return that is similar to Sterl ing money markets. # Investment strategy The Fund is actively managed. The Fund will invest in a diversified portfolio of short -term securities, instruments and obligations. These instruments will be short -term fixed or floating -rate securities that mature in 397 days or less. They will be issued by companies, governments and government -related entities and either listed or traded on a Recognised Market.The Fund’s investments will, at the time of purchase, have a credit rating of least A -1 or P -1 (or its equivale nt) from a recognised credit rating agency, such as Standard & Poor’s or Moody’s.The Fund can invest in a range of short -term securities, instruments and obligations such as - certificates of deposit; medium term, variable and floating rate notes; commercial paper; bankers acceptances; government bonds, corporate bonds, treasury bills and Eurobonds; asset backed securities and reverse repurchase agreements.The Fund’s liquidity is daily – meaning investors can redeem their investment on any business day.The Fund is classified as a Low Volatility NAV Money Market Fund under the European Union Money Market Fund Regulations.The Fund’s primary currency exposure is to Pound Sterling.See the Prospectus for a full description of the investment objectives and derivative usage. # Main risks • The Fund's unit value can go up as well as down, and any capital invested in the Fund may be at risk. • The Fund's objective may not be achieved in adverse market conditions. During times of very low interest rates, the interest received by the Fund could be less than the costs of operating the Fund. The Fund is not a cash deposit account. While Money Market Funds aim to preserve capital, they are not guaranteed and are not covered by retail deposit schemes. • 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 GBP 202.73 Fund facts UCITS V compliant Yes Dividend treatment Accumulating Dealing frequency Daily Valuation Time 13:30 Ireland Dealing cut off time 13:30 Ireland Share Class Base Currency GBP Domicile Ireland Inception date 24 November 2025 Fund Size GBP 14,240,982,556 Reference benchmark 100% Sterling Overnight Index Average (SONIA) Managers Philip Walsh Money market fund type Low Volatility Net Asset Value Fees and expenses Annual charge 0.100% Codes ISIN IE000J4HXHK1 Bloomberg ticker HGBP LN Rating ¹ S&P rating AAAm Moody's rating Aaa -mf Characteristics Weighted average maturity 28 Weighted average life 54 Fund manager information IMMFA member 01/07/2000 HSBC Global Liquidity Funds Plc HSBC Sterling Liquidity Fund Monthly report 31 March 2026 | HGBP LN | UCITS ETF (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. Returns of 1 year or less are annualised on a simple basis and for periods greater than 1 y ear returns are annualise d on a compound basis. All yields are annualised using 365 days in accordance with the Institutional Money Market Funds Association. Performance figures will only be published once the share class has achieved a twelve months track record. Source: HSBC Asset Management, data as at 31 March 2026 Performance (%) YTD 1 month 3 months 6 months 1 year 3 years ann 5 years ann Since inception ann UCITS ETF (Acc) -- -- -- -- -- -- -- -- Reference benchmark -- -- -- -- -- -- -- -- Rolling Performance (%) 31/03/25 - 31/03/26 31/03/24 - 31/03/25 31/03/23 - 31/03/24 31/03/22 - 31/03/23 31/03/21 - 31/03/22 UCITS ETF (Acc) -- -- -- -- -- Reference benchmark -- -- -- -- -- Instrument mix (%) > Treasury 0.38% > Commercial Paper - floating rate 2.57% > Repo 4.76% > Floating Rate Note 10.67% > Certificate of Deposit - floating rate 10.86% > Certificate of Deposit - fixed rate 18.38% > Deposit 18.59% > Commercial Paper - fixed rate 33.80% > Treasury 0.38% > Commercial Paper - floating rate 2.57% > Repo 4.76% > Floating Rate Note 10.67% > Certificate of Deposit - floating rate 10.86% > Certificate of Deposit - fixed rate 18.38% > Deposit 18.59% > Commercial Paper - fixed rate 33.80% Maturity ladder (%) > Overnight 26.57% > 2 days - 1 week 26.48% > 1 week - 1 month 7.28% > 1 - 3 months 16.20% > 3 - 6 months 13.40% > 6 months - 397 days 10.07% > Overnight 26.57% > 2 days - 1 week 26.48% > 1 week - 1 month 7.28% > 1 - 3 months 16.20% > 3 - 6 months 13.40% > 6 months - 397 days 10.07% Credit quality (%) > A-1/P-1 up to 5 days 19.20% > A-1/P-1 above 5 days 35.34% > A-1+/P-1 45.46% > A-1/P-1 up to 5 days 19.20% > A-1/P-1 above 5 days 35.34% > A-1+/P-1 45.46% HSBC Global Liquidity Funds Plc HSBC Sterling Liquidity Fund Monthly report 31 March 2026 | HGBP LN | UCITS ETF (Acc) Source: HSBC Asset Management, data as at 31 March 2026 Top 10 issuers Weight (%) SOCIETE GENERALE SA 7.17 BANCO BILBAO VIZCAYAARGENTARI 7.00 United Kingdom 6.33 ROYAL BANK OF CANADA 4.82 THE STATE OF THE NETHERLANDS 4.56 AGENCE CENTRALE ORGANISMES SEC 3.89 NORDEA BANK ABP 3.86 DNB BANK ASA 3.37 MATCHPOINT FINANCE PLC 3.29 NATIONAL AUSTRALIA BANK LTD 3.21 Exchange name Listing date Trading currency Trading hours Bloomberg ticker Reuters RIC iNAV Bloomberg iNAV Reuters LONDON STOCK EXCHANGE 28 Nov 2025 GBP 08:00 - 16:30 HGBP LN HGBP.L HGBPGBIV HGBPGBPINAV =SOLA HSBC Global Liquidity Funds Plc HSBC Sterling Liquidity Fund Monthly report 31 March 2026 | Share class UCITS ETF (Acc) ## Risk Disclosure • Further information on the potential risks can be found in the Key Information Document (KID) and/or the Prospectus or Offering Memorandum. Source: HSBC Asset Management, data as at 31 March 2026 Follow us on: HSBC Asset Management For a copy of the prospectus, key investor information document, supplementary information document, annual and semi -annual reports, information on portfolio holdings or other matters, please contact your local HSBC Group office, or contact our team of liquidity specialists in London by phone: +44 (0) 20 7991 7577 or by email: liquidity.services@hsbc.com 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.nl/api/v1/ download/document/lu0254978488l/en/glossary HSBC Global Liquidity Funds Plc HSBC Sterling Liquidity Fund Monthly report 31 March 2026 | HGBP LN | UCITS ETF (Acc) Source: HSBC Asset Management, data as at 31 March 2026 ## Important Information This document is produced and distributed by HSBC Asset Management and is only intended for non -pr ofessional investors as d efined by MIFID. The information contained herein is subject to change without notice. All non -authorised reproduction or use of this commentary a nd 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 a n investment advice for t he purchase or sale of an y 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, accordi ng to the information available to date. They do not constitute any kind of commitment from HSBC Asset Managem ent. Tax treatment depends on The individual circumstances of each client and may be subject to change i n 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 disinvestme nt 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 ve rified. Further additional and complete information (including but not limited to) investor rights, costs a nd charges, please refer to the prospectus. Term : The management company cannot terminate the Fund unilaterally. The Board of Directors may fu rthermore decide to liqui date 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.se/ -/media/files/attachments/common/traitement -reclamation -amfr -en g-2024.pdf The fund is a sub -fund of HSBC Global Liquidity Funds plc, an open -ended Investment company with va riable capital and segreg ated liability between sub -funds, which is incorporated under the laws of Ireland and authorised by the Central Bank of Ire land. The company is cons tituted as an umbrella fund, with segregated liability between sub -funds. UK based investors are advised they may not be a fforded some of the prote ctions conveyed by the provisions of the Financial Services and Markets Act (2000), (the Act). The company is recognised i n the UK by the Financial Conduct Authority under section 264 of the Act. The shares in the company have not been and will not be offered for sale or sold in the United States of America, its territor ies or possessions and all areas subject to its jurisdiction, or to United States Persons. Investors a nd potential investors sh ould read and note the ri sk warnings in the Prospectus, KID and additionally, in the case of retail clients, the information con tained in the supporting SID. It is important to remember that there is no guarantee that a stable net asset value will be maintained. 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 hsbc.de alingteam@bnymellon.com, or by visiting www.globalliquidity.hsbc.com. The most recent Prospectus is available in English. Key Information Document (PRIIPs KID) are avail able in the local languag e 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 Discl osure 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 i nvestments and; objective s and benchmark information,can be found at: https://www.assetmanagement.hsbc.co.uk/en/intermediary/investment -exper tise/sustainable -investme nts/sustainable - investment -product -offering