Title: MR_GB_en_IE000UERNJ93_YES_2026-03-31.pdf URL Source: https://api.fundinfo.com/document/f3116c444eed60e1a40116fdec5ac9e8_394655/MR_GB_en_IE000UERNJ93_YES_2026-03-31.pdf?apiKey=b9934aa2-1a83-4286-b11b-c8415da9e581?apiKey=b9934aa2-1a83-4286-b11b-c8415da9e581 Published Time: Fri, 17 Apr 2026 17:15:47 GMT Number of Pages: 5 Markdown Content: # HSBC ETFs PLC # HSBC PLUS Emerging Markets Equity Quant # Active UCITS ETF Marketing communication | Monthly report 31 March 2026 | HQEM LN | USD Acc 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 31 March 2026 # Investment objective The Fund aims to provide long -term capital growth. # Investment strategy The Fund usually invests a minimum of 90% of net assets in shares of companies incorporated in emerging markets or those that earn the majority of their revenue from emerging markets. The Fund may invest in securities similar to shares including American Depositary Receipts, Global Depositary Receipts and Non -Voting Depositary Receipts which are issued by a bank or trust company evidencing ownership of shares of a non -US issuer and are alternatives to directly purchasing the underlying securities. The Fund may also invest in China A -shares either directly, indirectly through China A -shares Access Products or through other funds. The Fund may invest up to 10% of its assets in other funds, including HSBC funds. The Fund is an actively managed and has been categorised as an Article 6 fund for the purpose of the SFDR. The Investment Manager identifies shares which may or may not comprise the reference benchmark and uses a quantitative investment process to create a portfolio which focuses on risk premia offered by exposure to factors such as value, quality, momentum, low risk and size whilst minimizing the portfolio’s risk characteristics through the application of a series of constraints established rela tive to the reference benchmark such as country, sector and stock weights. See the Prospectus for a full description of the investment objectives and derivative usage. # Main risks • 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. • 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 USD 11.01 Fund facts UCITS V compliant Yes ISA eligible Yes Dividend treatment Accumulating Dividend currency USD Fund base currency USD Share class base currency USD Domicile Ireland Inception date 14 August 2025 Shares outstanding 10,700,000 Fund size USD 117,858,705 Reference benchmark 100% MSCI Emerging Markets Index SIPP eligible Yes Issuer HSBC ETFs PLC Fiscal year end Dec Fees and expenses Ongoing charge figure ¹ 0.300% Codes ISIN IE000UERNJ93 SEDOL BRBLJT2 ¹Ongoing Charges Figure is an estimate as the share class has not been priced for a full financial year. HSBC ETFs PLC HSBC PLUS Emerging Markets Equity Quant Active UCITS ETF Monthly report 31 March 2026 | HQEM LN | USD 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. 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 Fund -- -- -- -- -- -- -- -- Reference Benchmark -- -- -- -- -- -- -- -- Tracking difference -- -- -- -- -- -- -- -- 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 Fund -- -- -- -- -- Reference Benchmark -- -- -- -- -- Equity characteristics Fund Reference Benchmark No. of holdings ex cash 327 1,194 Average market cap (USD Mil) 239,147 299,607 Price/earning ratio 13.96 15.85 Benchmark information Index name 100% MSCI Emerging Markets Index Index currency USD Benchmark type Total Return Sector allocation (%) Cash & Others Real Estate Consumer Staples Utilities Health Care Energy Materials Industrials Communication Services Consumer Discretionary Financials Information Technology > 0.42 > 1.21 > 1.90 > 2.39 > 3.09 > 3.17 > 7.60 > 8.68 > 9.15 > 9.47 > 20.28 > 32.64 Fund Cash & Others Real Estate Consumer Staples Utilities Health Care Energy Materials Industrials Communication Services Consumer Discretionary Financials Information Technology > 0.42 > 1.21 > 1.90 > 2.39 > 3.09 > 3.17 > 7.60 > 8.68 > 9.15 > 9.47 > 20.28 > 32.64 Fund HSBC ETFs PLC HSBC PLUS Emerging Markets Equity Quant Active UCITS ETF Monthly report 31 March 2026 | HQEM LN | USD Acc Source: HSBC Asset Management, data as at 31 March 2026 Top 10 holdings Sector Weight (%) Taiwan Semiconductor Co Ltd Information Technology 9.54 Samsung Electronics Co Ltd Information Technology 6.10 Tencent Holdings Ltd Communication Services 3.85 SK hynix Inc Information Technology 3.24 Alibaba Group Holding Ltd Consumer Discretionary 2.05 PDD Holdings Inc Consumer Discretionary 1.23 Hon Hai Precision Industry Co Ltd Information Technology 1.17 HDFC Bank Ltd Financials 1.10 ICICI Bank Ltd Financials 0.97 Reliance Industries Ltd Energy 0.97 Exchange name Listing date Trading currency Trading hours Bloomberg ticker Reuters RIC iNAV Bloomberg iNAV Reuters LONDON STOCK EXCHANGE 22 Aug 2025 USD -- HQEM LN HQEM.L HQEMUSIV HQEMUSDINA V=SOLA LONDON STOCK EXCHANGE 22 Aug 2025 GBP -- HQES LN HQES.L HQESGBIV HQESGBPINAV =SOLA DEUTSCHE BOERSE AG -XETRA 22 Aug 2025 EUR -- H414 GY H414.DE H414EUIV H414EURINAV =SOLA HSBC ETFs PLC HSBC PLUS Emerging Markets Equity Quant Active UCITS ETF Monthly report 31 March 2026 | HQEM LN | USD Acc ## 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 March 2026 Follow us on: HSBC Asset Management E-mail: etf.client.services@hsbc.com Website: www.etf.hsbc.com 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 ETFs PLC HSBC PLUS Emerging Markets Equity Quant Active UCITS ETF Monthly report 31 March 2026 | HQEM LN | USD Acc Source: HSBC Asset Management, data as at 31 March 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. This fund is a sub -fund of HSBC ETFs plc (“the Company”), an investment company with variable capit al and segregated liabili ty between sub -funds, incorporated in Ireland as a public limited company, and is authorised by the Central Bank of Irelan d. The company is constit uted 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 ma y incur fees for doing so. In addition, investors may pay more than the current Net Asset Value per share when buying share s and may receive less th an the current Net Asset Value per Share when selling them. UK based investors in HSBC ETFs plc are advised that they m ay not be afforded some o f the protections conveyed by the Financial Services and Markets Act (2000), (“the Act”). The Company is recognised in the United Kingdom by th e Financial Conduct Authority under section 264 of the Act. The shares in HSBC ETFs plc have not been and will not be off ered for sale or sold in the United States of America, its territories or possessions and all areas subject to its jurisdiction, or to United Stat es Persons. Affiliated co mpanies of HSBC Global As set Management (UK) Limited may make markets in HSBC ETFs plc. All applications are made on the basis of the current HSBC ETFs pl c Prospectus, relevant Key Investor Information Document (“KIID”), Supplementary Information Document (SID) and Fu nd supplement, and most r ecent annual and semi -annual reports, which can be obtained upon request free of charge from HSBC Global Asset Manage ment (UK) Limited, 8 Cana da Square, Canary Wharf, London, E14 5HQ. UK, or from a stockbroker or financial adviser. Investors and potential investors should read and note the risk warnings in the prospectus, relevan t KIID and Fund supplemen t (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 -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 ifsinve storqueries@hsbc.com, or by visiting www.etf.hsbc.com. Details of the underlying investments of the fund are available on www.etf.hsbc.co m. The most recent Prospectus is available in English, German and French. Key Investor Information Doc ument (KID) 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. 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