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 - Global ESG Government 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: ETFCH

Telephone: +352 48 88 961ISIN: IE000NOLCFO5

Production Date: 30 April 2025.

Website: http://www.assetmanagement.hsbc.com

What is this product?� Authorised Participants only may deal in the Fund’s ETF Shares directly with the UCITS. Type � The Fund’s ETF Shares are listed on one or more stock exchange(s). The Fund is an Irish collective asset-management vehicle ("ICAV"). The

� You may sell your investment on most working days. Fund's value is dependent on the performance of the underlying assets and� The anticipated level of tracking error in normal market conditions is may go up as well as down. Any capital invested in the Fund may be at

expected to be 0.20%. risk.

Intended Retail Investor Objectives and Investment Policy Designed for investors with a focus on income and planning to invest for at Investment Objective:least 3 years. The Fund may appeal to investors who are looking for a core The Fund aims to provide regular income and capital growth by tracking asfixed income investment and are interested in low cost exposure to the closely as possible the performance of the Bloomberg MSCI Global global government market. Treasury ESG Weighted Bond Index (total return hedged to USD) (the

An investment in the Fund is only suitable for investors who are capable of Index), while promoting environmental, social and governance (ESG)

evaluating the risks and merits of such an investment, and who have characteristics within the meaning of Article 8 of SFDR. sufficient resources to bear any loss as the Fund is not guaranteed and they

may receive back less than the amount invested. The Fund is designed for Investment Policy:

use as part of a diversified investment portfolio. Prospective investors The Index is comprised of investment grade government bonds (and other

should consult with their financial advisor before making an investment. similar securities). The currency of the Index is US dollars (USD) and returns are hedged into USD. The Index includes fixed-rate taxable securitiesTerm: issued by treasury issuers.

The Fund does not have a maturity date. The Index uses ESG sovereign scores to select countries to be included and

The PRIIP Manufacturer cannot terminate the Fund unilaterally. The Board to tilt country allocations above or below their market value weights in the of Directors may furthermore decide to liquidate the Fund in certain Bloomberg Global Aggregate Treasuries Index (the Parent Index). The ESG

circumstances set out in the prospectus and articles of incorporation of the sovereign scores are determined based on an assessment of a country'sFund. exposure to and management of ESG risks.

Additional Information: The Fund is passively managed and invests in, or gain exposure to: bonds issued by governments, government-related entities and supranational This document describes a single share class of a sub-fund of the UCITS. entities based in developed and emerging markets. The Fund utilises an

Further information about the UCITS including the Prospectus, the most investment technique called optimisation, which seeks to minimise therecent annual and semi-annual reports of the UCITS and the latest prices of difference in return between the Fund and the Index by taking into account

shares, may be obtained free of charge, in English, from the Administrator tracking error (the risk that the Fund return varies from the Index return)

by emailingifsinvestorqueries@hsbc.com,

or

by and trading costs when constructing a portfolio. The Fund will not

visiting www.global.assetmanagement.hsbc.com. The most recent necessarily invest in every constituent of the Index. If the overall portfolio

Prospectus is available in English and French. Details of the underlying matches the characteristics of the Index, the Fund can also invest in assets investments

of thefund

areavailable outside of the Index, such as: bonds with a credit rating of Ba1, BB+ andon www.global.assetmanagement.hsbc.com. The indicative intra-day net below; securities which are expected to provide similar performance and

asset value of the fund is available on at least one major market data risk characteristics to certain index constituents.

vendor terminal such as Bloomberg, as well as on a wide range of websites The Fund may invest in cash and money market instruments and up to

that display stock market data, including www.reuters.com. The 10% in funds for efficient portfolio management purposes.Prospectus, annual and semi-annual reports are prepared for the entire

UCITS. The Fund may also invest in derivatives for hedging and efficient portfolio management purposes. The Depositary is HSBC Continental Europe. The Fund’s assets are kept � The Fund may enter into securities lending transactions for up to

safe by the Depositary and are segregated from the assets of other Funds. 30% of its assets. However, this is not expected to exceed 25%.

It is possible to switch your shares into shares of a different share class or � The reference currency of the Fund is USD. The reference currency

sub-fund within the ICAV, however the conversion of the ETF Shares into of this share class is USD.

Non-ETF Shares and vice versa is not permitted. Details of how to do this � Income is reinvested.

are in the “How to convert between sub-funds / Classes” section of the

Prospectus.1/3 HSBC Global Funds ICAV - Global ESG Government Bond UCITS ETF, a sub-fund of HSBC Global Funds ICAV - ETFCH (IE000NOLCFO5)

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 pay you.

1 2

3

45

6

7 Be aware of currency risk. You will receive payments in a different currency, so the final return you will get depend on the exchange rate between the two currencies. This risk is not considered in the indicator

Lower risk

Higher risk shown above. Additional risks not included in the Summary Risk Indicator (SRI) include:

The risk indicator assumes you keep the product for 3 years.

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 will If we are not able to pay you what is owed, you could lose your entire lose money because of movements in the markets or because we are notinvestment. 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 Years

If you exitIf you exit after

Investment of USD 10,000after 1 year3 years

Minimum The 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 USD8,130USD8,380 Average return each year -18.65 % -5.73 %

Unfavourable Scenario What you might get back after costs

USD8,820USD8,710 Average return each year -11.84 % -4.50 %

Moderate Scenario

What you might get back after costs

USD10,110USD10,430 Average return each year

1.12 %

1.41 %

Favourable ScenarioWhat you might get back after costs

USD10,940USD11,250 Average return each year

9.44 %

4.01 %

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 2020 and October 2023. The moderate scenario occurred for an investment between November 2015 and November 2018. The favourable scenario occurred for an investment between July 2017 and July 2020. 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 the productperforms as shown in the moderate scenario. � USD 10,000 is invested.2/3 HSBC Global Funds ICAV - Global ESG Government Bond UCITS ETF, a sub-fund of HSBC Global Funds ICAV - ETFCH (IE000NOLCFO5)

Recommended Holding Period: 3 YearsIf you exitIf you exit Investment of USD 10,000

after 1 year after 3 years Total Costs15 USD47 USD Annual cost impact % *0.2%

0.2% 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 1.56% before costs and 1.41% 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 or

If 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.e. Up to 0 USD 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 USD Ongoing costs taken each year Management fees and other

0.15% of the value of your investment per year. This figure is an estimate due to a change of fee structure. 15 USD administrative or operating costs Transaction costs

0.00%* of the value of your investment per year. This is an estimate of the costs incurred when we buy and0 USD 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 USD

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 *Note: this figure is based on an incomplete data set and is therefore subject to change. An updated figure will be provided in due course. 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 The previous performance scenarios and past performance of the Fund for the previous year can be found in the Fund Centre section of our website by visiting http://www.assetmanagement.hsbc.com. 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.

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