Title: https://doc.morningstar.com/Document/496bd265bc3add23be5ce3c26f69df2a.msdoc/ URL Source: https://doc.morningstar.com/Document/496bd265bc3add23be5ce3c26f69df2a.msdoc/?clientid=atlas Number of Pages: 6 Markdown Content: # HSBC Global Funds ICAV # Global Corporate Bond UCITS ETF Marketing communication | Monthly report 30 April 2026 | HCBE LN | ETFCHEUR 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. Source: HSBC Asset Management, data as at 30 April 2026 # Investment objective The Fund aims to provide regular income and capital growth by tracking as closely as possible the performance of the Bloomberg Global Aggregate Corporate Bond Index (total return hedged to US dollars) (the Index). # Investment strategy The Index is comprised of investment grade corporate bonds.The Fund will be passively managed and will invest in corporate investment grade bonds, corporate emerging market bonds and other bonds all of which are Index constituents. It uses an investment technique called optimisation, which seeks to minimise the difference in return between the Fund and the Index by considering tracking error (the risk that the Fund return varies from the Index return) and trading costs when constructing a portfolio. The Fund will not necessarily invest in every Index constituent or invest proportionally to each constituents’ Index weight and may invest in assets outside of the Index, such as: bonds with a credit rating of Ba1, BB+ and below; bonds issued by governments, government -related and supranational entities; as well as cash, money market instruments and funds. The Fund can invest in bonds issued in developed and emerging markets. The Fund’s primary currency exposure is to USD. 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 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. • 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. Share Class Details Key metrics NAV per Share EUR 11.31 Performance 1 month 0.47% Yield to maturity 4.79% Fund facts UCITS V compliant Yes Dividend treatment Accumulating Dealing frequency Daily Fund base currency USD Currency Hedged Fully Hedged Valuation Time 23:00 Ireland Share Class Base Currency EUR Domicile Ireland Inception date 11 October 2023 Fund Size USD 4,352,130,330 Managers HSBC Passive Fixed Income Team Fees and expenses Ongoing Charge Figure ¹ 0.130% Codes ISIN IE000MY0C911 Bloomberg ticker HCBE LN ¹Ongoing Charges Figure is based on expenses over a year. The figure includes annual management charge but not the transaction costs. Such figures may vary from time to time. HSBC Global Funds ICAV Global Corporate Bond UCITS ETF Monthly report 30 April 2026 | HCBE LN | ETFCHEUR Past performance does not predict future returns. The figures are calculated in the share class bas e currency, dividend rein vested, net of fees. 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% Bloomberg Global Aggregate Corporate Bond Index USD Hedg ed Source: HSBC Asset Management, data as at 30 April 2026 Performance Fund > 12/23 > 06/24 > 12/24 > 06/25 > 12/25 > 100 > 104 > 108 > 112 > 116 > Return index rebased to > 100 on starting date Performance (%) YTD 1 month 3 months 6 months 1 year 3 years ann 5 years ann Since inception ann Fund -0.54 0.47 -0.78 -0.55 2.68 -- -- 4.95 Calendar year performance (%) 2021 2022 2023 2024 2025 Fund -- -- -- 1.58 4.78 3-Year Risk Measures Fund Reference benchmark Volatility -- -- Sharpe ratio -- -- 5-Year Risk Measures Fund Reference benchmark Volatility -- -- Sharpe ratio -- -- Fixed Income Characteristics Fund Reference benchmark Relative No. of holdings ex cash 4,739 17,889 -- Average coupon rate 4.50 4.20 0.30 Yield to worst 4.67% 4.70% -0.03% Option Adjusted Duration 5.86 5.85 0.00 Modified Duration to Worst 5.77 5.77 0.00 Option Adjusted Spread Duration 5.83 5.82 0.01 Average maturity 8.51 8.35 0.15 Rating average A-/BBB+ A-/BBB+ -- Credit rating (%) Fund Reference benchmark Relative AAA 0.57 0.60 -0.02 AA 8.79 8.79 0.00 A 43.89 44.71 -0.82 BBB 46.52 45.90 0.62 BB 0.09 0.01 0.08 Cash 0.14 -- 0.14 Maturity Breakdown (Option Adjusted Duration) Fund Reference benchmark Relative 0-2 years 0.15 0.19 -0.04 2-5 years 1.13 1.12 0.01 5-10 years 2.02 1.82 0.20 10+ years 2.55 2.72 -0.17 Total 5.86 5.85 0.00 HSBC Global Funds ICAV Global Corporate Bond UCITS ETF Monthly report 30 April 2026 | HCBE LN | ETFCHEUR 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% Bloomberg Global Aggregate Corporate Bond Index USD Hedg ed Source: HSBC Asset Management, data as at 30 April 2026 Currency Allocation (%) Fund Reference benchmark Relative USD 99.93 100.00 -0.07 EUR 0.03 0.00 0.03 GBP 0.02 0.00 0.02 CAD 0.02 0.00 0.02 CHF 0.01 0.00 0.01 AUD 0.00 0.00 0.00 KRW -- 0.00 0.00 NOK -- 0.00 0.00 HKD 0.00 0.00 0.00 JPY -0.01 0.00 -0.01 Other Currencies -- 0.00 0.00 Geographical Allocation (%) Cash Other Locations Italy Netherlands Spain Australia Japan Germany Canada France United Kingdom United States > 9.13 > 1.79 > 1.69 > 1.94 > 2.25 > 2.70 > 4.41 > 5.05 > 6.15 > 6.83 > 58.06 > 0.14 > 10.03 > 1.61 > 1.80 > 1.81 > 1.92 > 2.18 > 3.89 > 4.44 > 6.53 > 7.57 > 58.09 Fund Reference benchmark Cash Other Locations Italy Netherlands Spain Australia Japan Germany Canada France United Kingdom United States > 9.13 > 1.79 > 1.69 > 1.94 > 2.25 > 2.70 > 4.41 > 5.05 > 6.15 > 6.83 > 58.06 > 0.14 > 10.03 > 1.61 > 1.80 > 1.81 > 1.92 > 2.18 > 3.89 > 4.44 > 6.53 > 7.57 > 58.09 Fund Reference benchmark Sector Allocation (%) Fund Reference benchmark Relative Financial Institutions 38.44 38.57 -0.13 Consumer Non Cyclical 13.22 13.21 0.01 Utility 9.69 9.70 0.00 Consumer Cyclical 8.01 8.07 -0.06 Technology 7.00 7.00 0.00 Communications 6.92 6.75 0.17 Energy 5.83 5.90 -0.07 Capital Goods 4.74 4.78 -0.04 Transportation 2.67 2.71 -0.04 Basic Industry 2.51 2.57 -0.06 Other Sectors 0.84 0.74 0.10 Cash 0.14 -- 0.14 HSBC Global Funds ICAV Global Corporate Bond UCITS ETF Monthly report 30 April 2026 | HCBE LN | ETFCHEUR 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% Bloomberg Global Aggregate Corporate Bond Index USD Hedg ed Source: HSBC Asset Management, data as at 30 April 2026 Top 10 Holdings Weight (%) BANK OF AMER CRP 5.288 25/04/34 0.25 WELLS FARGO CO 5.574 25/07/29 0.24 UBS GROUP 7.750 01/03/29 0.23 ROCHE HLDGS INC 5.593 13/11/33 0.21 HOME DEPOT INC 4.950 25/06/34 0.20 BANCO SANTANDER 5.750 23/08/33 0.20 AERCAP IRELAND 6.450 15/04/27 0.18 NEW YORK LIFE GL 5.000 09/01/34 0.16 JPMORGAN CHASE 3.136 18/02/32 0.16 CITIGROUP INC 6.020 24/01/36 0.15 Exchange name Listing date Trading currency Trading hours Bloomberg ticker Reuters RIC iNAV Bloomberg iNAV Reuters LONDON STOCK EXCHANGE 17 Oct 2023 EUR -- HCBE LN HCBE.L HCBEEUIV HCBEEURINAV =SOLA DEUTSCHE BOERSE AG -XETRA 19 Oct 2023 EUR -- H41R GY H41R.DE HCBEEUIV HCBEEURINAV =SOLA HSBC Global Funds ICAV Global Corporate Bond UCITS ETF Monthly report 30 April 2026 | HCBE LN | ETFCHEUR Risk Disclosure • 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 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 Glossary www.assetmanagement.hsbc.se/api/v1/ download/document/lu0164939612/se/ en/glossary HSBC Global Funds ICAV Global Corporate Bond UCITS ETF Monthly report 30 April 2026 | HCBE LN | ETFCHEUR Source: HSBC Asset Management, data as at 30 April 2026 Important Information 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 IID) 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.