HSBC ETFs PLC HSBC EMERGING MARKET SUSTAINABLE EQUITY UCITS ETF Marketing communication | Monthly report 31 January 2025 | HSEM LN | USD 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 Emerging ESG Low Carbon NAV per share USD 15.52 Select Index (the “Index”). The Fund will invest in or gain exposure to shares of companies which Performance 1 month 1.43% make up the Index. The Fund qualifies under Article 8 of SFDR. Tracking error 3 years 1.43% Fund factsInvestment strategy UCITS V compliant Yes The Index is a subset of the FTSE Emerging Index (the Parent Index) and made up of companiesUK reporting fund status Yes of emerging market countries, as defined by the Index Provider. (UKRS) The Index seeks to achieve a reduction in carbon emissions and fossil fuel reserves exposure, and ISA eligible Yes an improvement of the FTSE Russell ESG rating against that of the Parent Index. It excludes Dividend treatment Accumulating 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 currency USD the United Nations Global Compact exclusionary criteria.Fund base currencyUSD The Fund will be passively managed and will aim to invest in the shares of the companies in Currency Hedged Not Hedged generally the same proportion as in the Index. The Fund may invest up to 35% in securities from a single issuer during exceptional market Share class base currency USD conditions. Domicile Ireland The Fund may invest up to 10% in funds and up to 10% in total return swaps and contracts forInception date27 August 2020 difference. Shares outstanding 9,916,298 See the Prospectus for a full description of the investment objectives and derivative usage. Fund size USD 181,493,895 Reference100% FTSE Emerging ESG Main risks benchmark Low Carbon Select Index • The value of investments and any income from them can go down as well as up and Replication method Physical- Fullinvestors may not get back the amount originally investedSIPP eligible Yes • The value of investible securities can change over time due to a wide variety of factors,IssuerHSBC ETFs PLCincluding but not limited to: political and economic news, government policy, changes indemographics, cultures and populations, natural or human-caused disasters etc. Fiscal year endDec • The Fund may invest in Emerging Markets, these markets are less established, and often Fees and expensesmore volatile, than developed markets and involve higher risks, particularly market, liquidity Ongoing charge figure¹ 0.180%and currency risks. Codes ISIN IE00BKY59G90 Fund facts SEDOL BL6XHV9 Fund managerHSBC Global Asset Management (UK) Limited ¹Ongoing Charges Figure is based on expenses over a year. The figure includes annual CustodianHSBC Continental Europemanagement charge but not the transaction costs. Such figures may vary from time to time. Fund administrator HSBC Securities Services (Ireland) DAC 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 EMERGING MARKET SUSTAINABLE EQUITY UCITS ETF Monthly report 31 January 2025 | HSEM LN | USD PerformanceFundReference Benchmark Return index rebased to 100 on starting date 1201101009080 08/20 07/21 05/22 04/23 02/24 01/25Since inception Performance (%) YTD 1 month 3 months 6 months 1 year3 years ann5 years ann ann Fund1.431.43-0.81 7.15 21.350.16 -- 3.23 Reference Benchmark 1.27 1.27 -0.94 7.13 21.94 0.71--3.79 Tracking difference 0.16 0.16 0.13 0.01 -0.59 -0.55---0.56 Tracking error-- -- -- -- 0.68 1.43--1.25 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 Fund 21.35 -5.92-11.98 -3.21 -- Reference Benchmark 21.94 -5.25 -11.59-2.90 -- ReferenceBenchmark information Equity characteristicsFund Benchmark Index name 100% FTSE Emerging ESG Low Carbon Select No. of holdings ex cash 695 674Index Average market cap (USD Mil) 143,036142,892 Index currencyUSD Price/earning ratio 15.4115.42 Index Rebalancing Frequency Annually TR Index Bloomberg Ticker ELCAWEN TR Index Reuters RIC .TFTELCAWENU Sector allocation (%) Technology 31.34 Financials 19.05 Consumer Discretionary11.29Telecommunications 7.83 Basic Materials 6.48 Industrials 5.45 Consumer Staples 5.21 Energy 4.97 Health Care 4.71 Utilities 2.08 Real Estate 0.99Cash & Others 0.59 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 Emerging Source: HSBC Asset Management, data as at 31 January 2025 HSBC ETFs PLC HSBC EMERGING MARKET SUSTAINABLE EQUITY UCITS ETF Monthly report 31 January 2025 | HSEM LN | USDGeographical allocation (%)Mainland China31.30 India 20.92Taiwan 20.66 Saudi Arabia4.47 Brazil4.20South Africa3.27Mexico 2.00 Thailand1.85Malaysia 1.82Indonesia1.77Other Locations 7.14 Cash & Others0.59 Fund Top 10 holdings Location Sector Weight (%) Taiwan Semiconductor Co Ltd Taiwan Technology 11.72 Infosys Ltd IndiaTechnology 4.48 Alibaba Group Holding Ltd Mainland China Consumer Discretionary 2.68 Yum China Holdings Inc Mainland China Consumer Discretionary 2.18 HCL Technologies LtdIndiaTechnology 2.11 Xiaomi Corp Mainland China Telecommunications 1.99 ASE Technology Holding Co Ltd Taiwan Technology 1.76 Meituan Mainland China Technology 1.46 Zijin Mining Group Co Ltd Mainland China Basic Materials 1.40 Geely Automobile Holdings Ltd Mainland China Consumer Discretionary 1.25 Trading Bloomberg iNAV Exchange name Listing date currency Trading hours tickerReuters RIC Bloomberg iNAV Reuters LONDON STOCK EXCHANGE 28 Aug 2020 USD08:00 - 16:30 HSEM LN HSEM.L HSEUSDIVHSEMUSDINAV=SOLA LONDON STOCK EXCHANGE 28 Aug 2020 GBP08:00 - 16:30 HSEF LN HSEF.L HSEFGBIV HSEFGBPINAV=SOLA SIX SWISS EXCHANGE09 Sep 2020 USD09:00 - 17:30 HSEM SW HSEM.S HSEUSDIV HSEMUSDINAV=SOLA NYSE EURONEXT - EURONEXT 22 Sep 2020 EUR09:00 - 17:30 HSEM FP HSEM.PAH4Z1EUIV H4Z1EURINAV PARIS =SOLA DEUTSCHE BOERSE AG-XETRA 22 Sep 2020 EUR09:00 - 17:30 H4Z1 GY H4Z1.DEH4Z1EUIV H4Z1EURINAV=SOLA BORSA ITALIANA SPA09 Oct 2020 EUR09:00 - 17:35 HSEM IM HSEM.MIH4Z1EUIV H4Z1EURINAV=SOLA BOLSA INSTITUCIONAL DE30 Nov 2020 MXN08.25 - 15:00 HSEMN MM HSEM.BIV -- -- VALORES BOLSA INSTITUCIONAL DE30 Nov 2020 MXN08.25 - 15:00 HSEMN MM HSEM.BIV -- -- VALORES Source: HSBC Asset Management, data as at 31 January 2025 HSBC ETFs PLC HSBC EMERGING MARKET SUSTAINABLE EQUITY UCITS ETF Monthly report 31 January 2025 | HSEM LN | USD Broad marketFTSE ESG Score ESG scoreE S G Sustainability indicators Fund indexFund 3.6 3.1 3.6 4.3 Carbon emissions intensity* 191.80 382.60 Broad market index 3.1 2.5 2.9 3.9 Fossil fuel reserves intensity** 3,885.695,046.23 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 Emerging Source: HSBC Asset Management, data as at 31 January 2025 HSBC ETFs PLC HSBC EMERGING MARKET SUSTAINABLE EQUITY UCITS ETF Monthly report 31 January 2025 | HSEM LN | USD Follow us on: Risk disclosures HSBC Asset Management • 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”). E-mail: etf.client.services@hsbc.com • Derivatives may be used by the Fund, and these can behave unexpectedly. The pricing andWebsite: www.etf.hsbc.com volatility of many derivatives may diverge from strictly reflecting the pricing or volatility of For more information please contact us their underlying reference(s), instrument or asset.at E-mail: • Investment Leverage occurs when the economic exposure is greater than the amount Wholesale.clientservices@hsbc.com. invested, such as when derivatives are used. A Fund that employs leverage may experience www.assetmanagement.hsbc.com/uk greater gains and/or losses due to the amplification effect from a movement in the price ofTo help improve our service and in the the reference source. interests of security we may record and/ • Where overseas investments are held the rate of currency exchange may cause the value of or monitor your communication with us. 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.Fund center Glossary 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 EMERGING MARKET SUSTAINABLE EQUITY UCITS ETF Monthly report 31 January 2025 | HSEM LN | USD 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