Key Information Document Purpose This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products.HSBC Global Funds ICAV - China Government Local Bond UCITS ETF a sub-fund of HSBC Global Funds ICAV,(the "UCITS"). The Fund is managed by HSBC Investment Funds (Luxembourg) S.A., authorised in Ireland and supervised by Central Bank of Ireland (CBI). HSBC Asset Management is the brand name for the asset management business of HSBC Group. PRIIP Manufacturer: HSBC Investment Funds (Luxembourg) S.A. Share Class: ETFSHGBP Telephone: +352 48 88 961 ISIN: IE0009PACXU3 Production Date: 04 December 2024. Website: http://www.assetmanagement.hsbc.com What is this product? � You may sell your investment on most working days.� The anticipated level of tracking error in normal market conditions Type is expected to be 0.20%. The Fund is an Irish collective asset-management vehicle ("ICAV"). TheIntended Retail Investor Fund's value is dependent on the performance of the underlying assets and may go up as well as down. Any capital invested in the Fund mayDesigned for investors with a focus on income and planning to invest be at risk.for at least 3 years. The Fund may appeal to investors who are lookingfor a core China Government local fixed income investment and are Objectives and Investment Policy interested in low cost exposure to the China government local bond Investment Objective: market. The Fund aims to provide regular income and capital growth by An investment in the Fund is only suitable for investors who are tracking as closely as possible the performance of the Bloomberg capable of evaluating the risks and merits of such an investment, and China Treasury + Policy Bank Index (total return) (the Index). who have sufficient resources to bear any loss as the Fund is not Investment Policy: guaranteed and they may receive back less than the amount invested.The Fund is designed for use as part of a diversified investment The Index is comprised of Renminbi (CNY) denominated treasuryportfolio. Prospective investors should consult with their financial bonds that are listed on China Interbank Bond Market. The currency ofadvisor before making an investment. the Index is US dollars (USD) and returns are unhedged. The Index includes fixed-rate government and policy bank bonds withTerm: a minimum outstanding amount of at least CNY 5 billion, and a The Fund does not have a maturity date. maturity of at least one year.The PRIIP Manufacturer cannot terminate the Fund unilaterally. The The Fund is passively managed and invests in, or gain exposure to CNY Board of Directors may furthermore decide to liquidate the Fund in bonds all of which are Index constituents. If the overall portfoliocertain circumstances set out in the prospectus and articles of matches the characteristics of the Index, the Fund can also invest incorporation of the Fund. outside of the Index; into securities which are expected to provide similar performance and risk characteristics to certain Index Additional Information: constituents, or that were or will be Index constituents. This document describes a single share class of a sub-fund of the The Fund may invest in cash and money market instruments, may UCITS. Further information about the UCITS including the Prospectus, invest up to 10% of its assets in funds for efficient portfoliothe most recent annual and semi-annual reports of the UCITS and the management purposes, may invest up to 100% of its assets inlatest prices of shares, may be obtained free of charge, in English, from non-investment grade bonds.the Administrator by emailing ifsinvestorqueries@hsbc.com, or by The Fund may invest more than 10% and up to 100% of its assets in visiting www.global.assetmanagement.hsbc.com. The most recent government bonds issued by a single government issuer (the People’sProspectus is available in English and French. Details of the underlying Republic of China) which may be non-investment Grade; and may investments of thefund areavailable invest up to 20% in securities issued by the same non-government on www.global.assetmanagement.hsbc.com. The indicative intra-day issuer. In exceptional market conditions this limit may be increased net asset value of the fund is available on at least one major market to 35%.data vendor terminal such as Bloomberg, as well as on a wide range of The Fund may also invest in derivatives for hedging and efficient websites that display stock market data, including www.reuters.com. portfolio management purposes (such as to manage risk and costs, orThe Prospectus, annual and semi-annual reports are prepared for the to generate additional capital or income). entire UCITS. � The Fund may enter into securities lending transactions for up toThe Depositary is HSBC Continental Europe. The Fund’s assets are 30% of its assets. However, this is not expected to exceed 25%.kept safe by the Depositary and are segregated from the assets of � The reference currency of your shares is GBP. Your shares seek other Funds. to hedge the currencies of denomination of the underlying It is possible to switch your shares into shares of a different share class portfolio assets to GBP. or sub-fund within the ICAV, however the conversion of the ETF Shares � Income is distributed. into Non-ETF Shares and vice versa is not permitted. Details of how to � Authorised Participants only may deal in the Fund’s ETF Shares do this are in the “How to convert between sub-funds / Classes” directly with the UCITS. section of the Prospectus. � The Fund’s ETF Shares are listed on one or more stock exchange(s). 1/3 HSBC Global Funds ICAV - China Government Local Bond UCITS ETF, a sub-fund of HSBC Global Funds ICAV - ETFSHGBP (IE0009PACXU3) What are the risks and what could I get in return? Risk Indicator We have classified this product as 2 out of 7, which is a low risk class. This rates the potential losses from future performance at a low level, and poor market conditions are very unlikely to impact our capacity to 1 2 3 4 5 6 7pay you. Be aware of currency risk. You will receive payments in a different currency, so the final return you will get depend on the exchange Lower risk Higher risk rate between the two currencies. This risk is not considered in the indicator shown above. The risk indicator assumes you keep the product for 3 Additional risks not included in the Summary Risk Indicator (SRI) years. include: Liquidity, Counterparty, Operational, Investment Leverage and Exchange Rate Risk. Please refer to the prospectus for other risks. This product does not include any protection from future market The summary risk indicator is a guide to the level of risk of this product performance so you could lose some or all of your investment. compared to other products. It shows how likely it is that the product If we are not able to pay you what is owed, you could lose your entire will lose money because of movements in the markets or because we investment. are not able to pay you. Performance Scenarios What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product and a suitable benchmark over the last 10 years. Markets could develop very differently in the future. Recommended Holding Period: 3 YearsIf you exit If you exit after Investment of GBP 10,000 after 1 year 3 years MinimumThe Fund is not covered by an investor compensation or guarantee scheme, you may lose some or all of the amount invested. Stress ScenarioWhat you might get back after costs GBP7,960 GBP8,070 Average return each year -20.41 %-6.89 % Unfavourable Scenario What you might get back after costs GBP9,180 GBP9,480 Average return each year -8.17 %-1.76 % Moderate Scenario What you might get back after costs GBP10,160 GBP10,640 Average return each year1.57 % 2.08 % Favourable ScenarioWhat you might get back after costs GBP11,380 GBP12,160 Average return each year 13.79 % 6.73 % The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. The stress scenario shows what you might get back in extreme market circumstances. The unfavourable scenario occurred for an investment between October 2015 and October 2018. The moderate scenario occurred for an investment between March 2018 and March 2021. The favourable scenario occurred for an investment between October 2018 and October 2021. A suitable benchmark was used where the Fund had insufficient history. What happens if HSBC Investment Funds (Luxembourg) S.A. is unable to pay out? The Fund's ability to pay out would not be affected by the default of HSBC Investment Funds (Luxembourg) S.A.. The Fund’s assets are kept safe by the Depositary and are segregated from the assets of other Funds. This means that the holdings of one Fund are kept separate from the holdings of the other Funds and your investment in the Fund cannot be used to pay the liabilities of any other Fund. There is a potential liability risk for the Depositary if the assets of the Fund are lost. The Depositary is liable in case of its negligent or intentional failure to properly fulfil its obligations. In the event of a bankruptcy or insolvency of the Depositary or other service provider, investors could experience delays (for example, delays in the processing of subscriptions, conversions and redemption of shares) or other disruptions and there may be a risk of default. The Fund is not covered by an investor compensation or guarantee scheme. What are the costs? The person advising on or selling you this product may charge you other costs. If so, this person will provide you with information about these costs and how they affect your investment. Cost over time The tables show the amounts that are taken from your investment to cover different types of costs. These amounts depend on how much you invest, how long you hold the product and how well the product does. The amounts shown here are illustrations based on an example investment amount and different possible investment periods. We have assumed: � In the first year you would get back the amount that you invested (0% annual return). For the other holding periods we have assumed theproduct performs as shown in the moderate scenario. � GBP 10,000 is invested. 2/3 HSBC Global Funds ICAV - China Government Local Bond UCITS ETF, a sub-fund of HSBC Global Funds ICAV - ETFSHGBP (IE0009PACXU3) Recommended Holding Period: 3 Years If you exitIf you exit Investment of GBP 10,000after 1 year after 3 years Total Costs 85 GBP 274 GBP Annual cost impact % * 0.9% 0.9% each year * This illustrates how costs reduce your return each year over the holding period. For example it shows that if you exit at the recommended holding period your average return per year is projected to be 2.95% before costs and 2.08% after costs. We may share part of the costs with the person selling you the product to cover the services they provide to you. They will inform you of the amount. Composition of costs One-off costs upon entry orIf you exit after 1 year exit Entry costs No entry nor exit charges are payable where investors deal in ETF Shares in the secondary market – i.Up to 0 GBP e. where shares are purchased and sold on a stock exchange. In such cases, investors may pay fees charged by their broker. Authorised Participants dealing directly with the Fund may be subject to a Direct Dealing (Cash Transaction) Fee of up to 3.00% on subscriptions and up 3.00% on redemptions. Exit costs We do not charge an exit fee for this product, but the person selling you the product may do so.0 GBP Ongoing costs taken each year Management fees and other 0.20% of the value of your investment per year. This figure is an estimate due to a change of fee 20 GBP administrative or operating structure. costs Transaction costs 0.64% of the value of your investment per year. This is an estimate of the costs incurred when we buy 65 GBP and sell the underlying investments for the product. The actual amount will vary depending on how much we buy and sell. Incidental costs taken under specific conditions Performance FeesThere is no performance fee for this product. 0 GBP A conversion charge of up to 3.00% of the Net Asset Value of the Shares which are being converted may be payable to the relevant Administrator. How long should I hold it and can I take money out early? Recommended Holding Period: 3 years Investment in this Fund may be appropriate for investors who plan to invest over a medium term. There are no penalties if you wish to redeem your holdings in the Fund prior to the recommended holding period. An exit fee may be applicable, please refer to the "Composition of Costs" table for details. How can I complain? Complaints about the product, or the about the conduct of HSBC Investment Funds (Luxembourg) S.A., or the person advising on or selling the product, should be addressed in writing to 18 Boulevard de Kockelscheuer, 1821 Luxembourg, Grand Duchy of Luxembourg, or by e-mail to hifl.complaint@hsbc.com. Other relevant information The previous performance scenarios can be found in the Fund Centre section of our website by visiting http://www.assetmanagement.hsbc.com. There is insufficient history available to provide past performance figures. When this product is used as a unit-linked support for a life insurance or capitalization contract, the additional information on this contract, such as the costs of the contract, which are not included in the costs indicated in this document, the contact in the event of a claim and what happens in the event of failure of the insurance company, are presented in the key information document of this contract, which must be provided by your insurer or broker or any other intermediary of insurance in accordance with its legal obligation. 3/3