HSBC ETFs PLC HSBC ASIA PACIFIC EX JAPAN SUSTAINABLE EQUITY UCITS ETF Marketing communication | Monthly report 31 January 2025 | HSAX LN | USD (Dist) 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 FTSE Asia Pacific ex Japan ESG NAV per share USD 16.67 Low Carbon Select Index (the Index). The Fund will invest in or gain exposure to shares of Performance 1 month 1.16% companies which make up the Index. The Fund qualifies under Article 8 of SFDR. Fund facts UCITS V compliant YesInvestment strategy UK reporting fund status Yes (UKRS) The Index seeks to achieve a reduction in carbon emissions and fossil fuel reserves exposure, and an improvement of the FTSE Russell ESG rating. ISA eligible Yes The Index seeks to achieve a reduction in carbon emissions and fossil fuel reserves exposure, and Dividend treatmentDistributing an improvement of the FTSE Russell ESG rating against that of the Parent Index. It excludes Distribution frequency Quarterly shares of companies with exposure to: tobacco, thermal coal extraction, electricity generation, gambling, adult entertainment and controversial weapons. The Index also applies, among others, Dividend ex-date 24 October 2024 the United Nations Global Compact exclusionary criteria.Dividend yield¹ 2.11% The Fund will be passively managed and will aim to invest in the shares of the companies in Last paid dividend 0.159900 generally the same proportion as in the Index. The Fund may invest up to 35% in securities from a single issuer during exceptional market Dividend currency USD conditions. Fund base currencyUSD The Fund may invest up to 10% in funds and up to 15% in total return swaps and contracts forCurrency Hedged Not Hedged difference. Share class base currency USD See the Prospectus for a full description of the investment objectives and derivative usage. Domicile Ireland Inception date5 July 2022 Main risks Shares outstanding 2,916,644 • The value of investments and any income from them can go down as well as up and Fund sizeUSD 360,366,751investors may not get back the amount originally investedReference100% FTSE Asia Pacific ex • Where overseas investments are held the rate of currency exchange may cause the value of benchmark Japan ESG Low Carbonsuch investments to go down as well as up.Select Index • 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 Replication method Physical- Fulldemographics, cultures and populations, natural or human-caused disasters etc. SIPP eligible Yes Issuer HSBC ETFs PLC Fiscal year endDec Fund facts Fees and expenses Fund manager HSBC Global Asset Management (UK) Limited Ongoing charge figure² 0.250% Custodian HSBC Continental Europe Codes Fund administratorHSBC Securities Services (Ireland) DAC ISIN IE000P1WR081 SEDOL BP9R136 ¹Dividend Yield: represents the ratio of distributed income over the last 12 months to the fund’s current Net Asset Value. ²Ongoing 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. 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 HSBC ETFs PLC HSBC ASIA PACIFIC EX JAPAN SUSTAINABLE EQUITY UCITS ETF Monthly report 31 January 2025 | HSAX LN | USD (Dist) Performance Fund Reference Benchmark Return index rebased to 130 100 on starting date 1201101009006/22 12/22 06/23 12/23 06/24 12/24 Since inception Performance (%) YTD 1 month 3 months 6 months 1 year3 years ann 5 years ann ann Fund 1.16 1.16-1.16 5.89 21.40 ---- 8.12 Reference Benchmark 1.071.07 -1.235.98 22.00 ---- 8.83 Tracking difference 0.090.09 0.07 -0.09 -0.60 ---- -0.71 31/01/24-31/01/23- 31/01/22- 31/01/21- 31/01/20- Rolling performance (%) 31/01/25 31/01/24 31/01/23 31/01/22 31/01/21 Fund21.40-8.54 ---- -- Reference Benchmark 22.00 -7.80 ---- -- Reference Benchmark information Equity characteristics Fund Benchmark Index name 100% FTSE Asia Pacific ex Japan ESG Low No. of holdings ex cash352 358Carbon Select Index Average market cap (USD Mil)160,004 159,854 Index currency USD Price/earning ratio 15.96 15.97 Index Rebalancing Frequency Annually TR Index Bloomberg Ticker ELCAXJN TR Index Reuters RIC .TFTELCAXJNU Sector allocation (%) Technology28.99 Financials28.79 Basic Materials 9.99 Consumer Discretionary 7.49Telecommunications7.30 Industrials4.38 Consumer Staples 4.25 Energy 3.40 Health Care2.37 Utilities 1.32 Real Estate 1.03 Cash & Others 0.70 Fund 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: FTSE Asia Pacific Ex Japan Source: HSBC Asset Management, data as at 31 January 2025 HSBC ETFs PLC HSBC ASIA PACIFIC EX JAPAN SUSTAINABLE EQUITY UCITS ETF Monthly report 31 January 2025 | HSAX LN | USD (Dist)Geographical allocation (%) Mainland China 27.50Taiwan 17.85 India17.71Australia 15.65South Korea 8.21Hong Kong (Sar) 3.73 Singapore 3.09Malaysia 1.56 Thailand 1.51Indonesia 1.50Other Locations 0.99 Cash & Others0.70 Fund Top 10 holdings LocationSector Weight (%) Taiwan Semiconductor Co Ltd Taiwan Technology 11.90 BHP Group Ltd Australia Basic Materials 5.65 Commonwealth Bank of Australia Australia Financials 5.18 Infosys Ltd India Technology 3.97 PING AN Mainland China Financials 3.24 Samsung Electronics Co Ltd South Korea Telecommunications 2.72 DBS Group Holdings Ltd Singapore Financials 2.69 HCL Technologies LtdIndia Technology 2.30 Xiaomi Corp Mainland China Telecommunications 2.28 AIA Group Ltd Hong Kong (SAR) Financials 2.15 Trading Bloomberg iNAV Exchange nameListing date currency Trading hours ticker Reuters RIC Bloomberg iNAV Reuters LONDON STOCK EXCHANGE06 Jul 2022USD08:00 - 16:30 HSAX LN -- HSAUSDIVHSAXUSDINAV =SOLA LONDON STOCK EXCHANGE06 Jul 2022GBP08:00 - 16:30 HSAS LN HSAS.L HSASGBIV HSASGBPINAV =SOLA Source: HSBC Asset Management, data as at 31 January 2025 HSBC ETFs PLC HSBC ASIA PACIFIC EX JAPAN SUSTAINABLE EQUITY UCITS ETF Monthly report 31 January 2025 | HSAX LN | USD (Dist) Broad marketFTSE ESG Score ESG scoreE S G Sustainability indicators Fund indexFund 3.8 3.6 3.7 4.3 Carbon emissions intensity* 146.39 281.84 Broad market index 3.2 2.8 3.1 4.0 Fossil fuel reserves intensity** 3,197.123,592.62 Provides a measure of a company's exposure to, and management of, ESG *Carbon Intensity measures the quantity of carbon emission of a issues in multiple dimensions. The ESG Ratings are comprised of an company (tonnes CO²e/USD million revenue) overall Rating that breaks down into underlying Pillar and Thematic Source: S&P Global Trucost Exposures and Scores. A higher number indicates a more favourable ESG **Fossil Fuel Reserves Intensity describes the quantities of greenhouse profile in the view of FTSE. gas emissions that could be generated if the proven and probable fossil fuel reserves owned by companies were realised and burned. (tonnes CO²e/USD million Market Cap) Broad Market Index: FTSE Asia Pacific Ex Japan Source: HSBC Asset Management, data as at 31 January 2025 HSBC ETFs PLC HSBC ASIA PACIFIC EX JAPAN SUSTAINABLE EQUITY UCITS ETF Monthly report 31 January 2025 | HSAX LN | USD (Dist) Follow us on: Risk disclosures HSBC Asset Management • 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.E-mail: etf.client.services@hsbc.com • To the extent that the Fund seeks to replicate index performance by holding individual Website: www.etf.hsbc.com securities, there is no guarantee that its composition or performance will exactly match that For more information please contact us of the target index at any given time (“tracking error”). at E-mail: • Derivatives may be used by the Fund, and these can behave unexpectedly. The pricing andWholesale.clientservices@hsbc.com. volatility of many derivatives may diverge from strictly reflecting the pricing or volatility of www.assetmanagement.hsbc.com/uk their underlying reference(s), instrument or asset.To help improve our service and in the • Investment Leverage occurs when the economic exposure is greater than the amount interests of security we may record and/ invested, such as when derivatives are used. A Fund that employs leverage may experience or monitor your communication with us. 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 DocumentGlossary (KID) and/or the Prospectus or Offering Memorandum. www.assetmanagement.hsbc.co.uk/en/ api/v1/download/document/ gb00b80qg615/gb/en/glossary Index disclaimer FTSE International Limited ("FTSE") © FTSE 2025. "FTSE®" is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and / or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE's express written consent. Source: HSBC Asset Management, data as at 31 January 2025 HSBC ETFs PLC HSBC ASIA PACIFIC EX JAPAN SUSTAINABLE EQUITY UCITS ETF Monthly report 31 January 2025 | HSAX LN | USD (Dist) 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