open/document-extraction
View Schema
This view of the annotation often reflects the precision of the extraction model or annotator, as well as the complexity of the document.
HSBC OpenFunds
Global Responsible Multi -
Asset Dynamic
Portfolio
Marketing communication | Monthly report 30 September 2026 | Share class Acc C
Sustainable investment labels help investors find products that have a specific sustainability goal . This product does not have a UK sustainable investment label since the Fund has not been designed to meet the FCA’s specifi c label 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. Prior to 01/04/2025 the fund name was Global Sustainable Multi - Asset Dynamic Portfolio Source: HSBC Asset Management, data as at 30 September 2026
Investment objective
The Fund aims to provide growth in line with its risk profile in the long term, which is a period o f five years or more. The Fund’s risk profile is rated as 4 where 1 is a lower level of risk and 5 is a higher level of risk. Please see the Prospectus for an explanation of the HSBC risk levels and the sustainable characteristics of the Fund.
Investment strategy
The Fund will also incorporate sustainability characteristics and, as part of its investment approach, it will invest in assets that support at least one of the following three responsible investment aims: (1) To deliver an overall carbon intensity level that is at least 25% lower than th e carbon intensity of the broader investment universe. (2) To deliver an overall Environmental, Social and Governance (‘ESG’) score that is higher than the broader investment universe. (3) To invest in assets focused on themes that contribute towards positive environmental and/or social outcomes. For further information on the sustainability characteristics of the Fund please refer to the SDR Consumer Facing Disclosure document and the Prospectus. The Fund is one of a range of actively managed Global Responsible Multi - Asset Portfolios offered at different risk levels. The asset allocation of each fund in the range reflects the risk level. The Fund is managed with the aim of maximising returns in line with its agreed long term risk profile therefore any potential returns are likely to be limited by the risk profile of the Fund. The exposure to each asset class may be achieved by investing in collective investment schemes, investing directly in asset classes and investing in derivatives. The Fund is not managed with reference to a benchmark.
Main risks
• The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested • Where overseas investments are held the rate of currency exchange may cause the value of such investments to go down as well as up. • The Fund invests in bonds whose value generally falls when interest rates rise. This risk is generally greater the longer the maturity of a bond investment and the higher its credit quality. The issuers of certain bonds, could become unwilling or unable to make payments on their bonds and default. Bonds that are in default may become hard to sell or worthless. 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 demographics, cultures and populations, natural or human - caused disasters etc.
Share class details Key metrics NAV per share GBP 1.84 Performance 1 month - 0.14% Sharpe ratio 3 years 0.82 Fund facts UCITS V compliant No UK reporting fund status (UKRS)
Yes
ISA eligible Yes Dividend treatment Accumulating Dealing frequency Daily Valuation time 12:00 United Kingdom Share class base currency GBP Domicile United Kingdom Inception date 20 April 2020 Fund size GBP 216,105,989 Managers Camilla Searle Arthur Chevalier Fees and expenses Minimum initial investment ¹
GBP 1,000,000
Ongoing charge figure ² 0.730% Codes ISIN GB00BLKQDC73 Bloomberg ticker HGMDPCA LN SEDOL BLKQDC7 ¹Please note that initial minimum subscription may vary across different distributors
² y y
²Ongoing Charges Figure is an estimate due to a change of fee structure.
Page 2
HSBC OpenFunds Global Responsible Multi - Asset Dynamic Portfolio Monthly report 30 September 2026 | Share class Acc C
Past performance does not predict future returns. The figures are calculated in the share class bas e currency, dividend rein vested, net of fees. Unless otherwise stated, all exposures are shown on a look - through basis ( including underlying sec urities held indirectly v ia investment funds/vehicles). All equity/fixed income characteristics are rebased to 100% of the asset class. Top 10 holdings a nd asset allocation reflect direct holdings only. Currency exposure is shown on a look - through basis. Source: HSBC Asset Management, data as at 30 September 2026
Performance Fund
04/20 07/21 11/22 02/24 06/25 09/26
100
120
140
160
180 Return index rebased to 100 on starting date
Performance (%) YTD 1 month 3 months 6 months 1 year 3 years ann 5 years ann 10 years ann
Since inception ann Acc C 10.28 - 0.14 0.96 13.48 13.75 12.30 6.30 -- 9.88
Rolling performance (%)
30/09/25 30/09/26
30/09/24 30/09/25
30/09/23 30/09/24
30/09/22 30/09/23
30/09/21 30/09/22
30/09/20 30/09/21
30/09/19 30/09/20
30/09/18 30/09/19
30/09/17 30/09/18
30/09/16 30/09/17 Acc C 13.75 7.65 15.65 3.48 - 7.41 18.23 -- -- -- --
Currency Allocation (%)
Other CurrenciesOther Currencies
Indian rupeeIndian rupee
New Zealand DollarNew Zealand Dollar
Canadian DollarCanadian Dollar
RandRand
Hong Kong DollarHong Kong Dollar
New Taiwan DollarNew Taiwan Dollar
Japanese YenJapanese Yen
EuroEuro
Pound SterlingPound Sterling
US DollarUS Dollar
7.607.60
1.461.46
1.731.73
1.801.80
1.901.90
1.941.94
2.822.82
3.553.55
4.924.92
13.2813.28
59.0159.01
FundFund
Other CurrenciesOther Currencies
Indian rupeeIndian rupee
New Zealand DollarNew Zealand Dollar
Canadian DollarCanadian Dollar
RandRand
Hong Kong DollarHong Kong Dollar
New Taiwan DollarNew Taiwan Dollar
Japanese YenJapanese Yen
EuroEuro
Pound SterlingPound Sterling
US DollarUS Dollar
7.607.60
1.461.46
1.731.73
1.801.80
1.901.90
1.941.94
2.822.82
3.553.55
4.924.92
13.2813.28
59.0159.01
FundFund
Top 10 holdings Weight (%) HSBC DEV WORLD SCD EQ ETF 29.90 HSBC USA SCREENED EQUITY ETF 13.49 HSBC EM SCREEND EQUITY ETF 7.06 GLOBAL ESG GOVR BD ETF - ZQH G 6.56 HSBC - DIGITAL LEADERS EQ - ZD 4.73 HSBC - GL EM M ESG LDT- T- ZQI USD 4.51 HSBC FTSE EPRA DEV CPA USD A 3.09 HSBC GIF - GL LW CAR EQ - ZQ1 3.04 HSBC - GL EQ CIR ECON - ZCUSD 2.97 HSBC GLO IC - GL TRA RES EF - ZC 2.85 Top 10 holdings exclude holdings in cash and cash equivalents and money market funds.
Sustainable investment style (%) Fund Equities - Positive Screening 58.01 Equities - Sustainable Thematic 17.77 Bonds - Positive Screening 12.35 Bonds - Sustainable Thematic 3.08 Cash 1.97 Alternatives - Sustainable Thematic 3.09 Equities - Traditional Passive 1.26 Renewable Infrastructure 2.47
Page 3
HSBC OpenFunds Global Responsible Multi - Asset Dynamic Portfolio Monthly report 30 September 2026 | Share class Acc C
Unless otherwise stated, all exposures are shown on a look - through basis ( including underlying sec urities held indirectly v ia investment funds/vehicles). All equity/fixed income characteristics are rebased to 100% of the asset class. Top 10 holdings a nd asset allocation reflect direct holdings only. Currency exposure is shown on a look - through basis. Source: HSBC Asset Management, data as at 30 September 2026
Equity top 10 holdings Location Sector Weight (%) Microsoft Corp United States Information Technology 5.03 NVIDIA Corp United States Information Technology 3.43 Johnson & Johnson United States Health Care 3.21 Visa Inc United States Financials 3.11 Alphabet Inc United States Communication Services 1.82 Advanced Micro Devices Inc United States Information Technology 1.79 Cisco Systems Inc United States Information Technology 1.75 Amazon.com Inc United States Consumer Discretionary 1.62 Apple Inc United States Information Technology 1.32 Taiwan Semiconductor Co Ltd Taiwan Information Technology 1.23
Equity characteristics Fund Reference Benchmark Average market cap (GBP Mil) 695,321 -Price/earning ratio 22.69 -Portfolio yield 1.73% --
Market cap allocation (GBP Mil %)
250,000+250,000+
100,000-250,000100,000-250,000
50,000-100,00050,000-100,000
10,000-50,00010,000-50,000
0-10,0000-10,000
30.9730.97
11.7611.76
9.859.85
18.0418.04
6.436.43
FundFund
250,000+250,000+
100,000-250,000100,000-250,000
50,000-100,00050,000-100,000
10,000-50,00010,000-50,000
0-10,0000-10,000
30.9730.97
11.7611.76
9.859.85
18.0418.04
6.436.43
FundFund
Equity sector allocation (%)
Real EstateReal Estate
EnergyEnergy
Consumer StaplesConsumer Staples
UtilitiesUtilities
Communication ServicesCommunication Services
Consumer DiscretionaryConsumer Discretionary
MaterialsMaterials
IndustrialsIndustrials
Health CareHealth Care
FinancialsFinancials
Information TechnologyInformation Technology
0.640.64
1.831.83
2.112.11
2.222.22
4.424.42
4.504.50
5.155.15
5.765.76
8.228.22
14.4414.44
27.7827.78
FundFund
Real EstateReal Estate
EnergyEnergy
Consumer StaplesConsumer Staples
UtilitiesUtilities
Communication ServicesCommunication Services
Consumer DiscretionaryConsumer Discretionary
MaterialsMaterials
IndustrialsIndustrials
Health CareHealth Care
FinancialsFinancials
Information TechnologyInformation Technology
0.640.64
1.831.83
2.112.11
2.222.22
4.424.42
4.504.50
5.155.15
5.765.76
8.228.22
14.4414.44
27.7827.78
FundFund
Page 4
HSBC OpenFunds Global Responsible Multi - Asset Dynamic Portfolio Monthly report 30 September 2026 | Share class Acc C
Unless otherwise stated, all exposures are shown on a look - through basis ( including underlying sec urities held indirectly v ia investment funds/vehicles). All equity/fixed income characteristics are rebased to 100% of the asset class. Top 10 holdings a nd asset allocation reflect direct holdings only. Currency exposure is shown on a look - through basis. Source: HSBC Asset Management, data as at 30 September 2026
Equity geographical allocation (%)
Other LocationsOther Locations
AustraliaAustralia
GermanyGermany
South KoreaSouth Korea
FranceFrance
CanadaCanada
Mainland ChinaMainland China
United KingdomUnited Kingdom
TaiwanTaiwan
JapanJapan
USAUSA
10.2610.26
1.171.17
1.371.37
1.571.57
1.741.74
1.811.81
2.572.57
2.882.88
3.203.20
4.804.80
45.6745.67
FundFund
Other LocationsOther Locations
AustraliaAustralia
GermanyGermany
South KoreaSouth Korea
FranceFrance
CanadaCanada
Mainland ChinaMainland China
United KingdomUnited Kingdom
TaiwanTaiwan
JapanJapan
USAUSA
10.2610.26
1.171.17
1.371.37
1.571.57
1.741.74
1.811.81
2.572.57
2.882.88
3.203.20
4.804.80
45.6745.67
FundFund
Page 5
HSBC OpenFunds Global Responsible Multi - Asset Dynamic Portfolio Monthly report 30 September 2026 | Share class Acc C
Unless otherwise stated, all exposures are shown on a look - through basis ( including underlying sec urities held indirectly v ia investment funds/vehicles). All equity/fixed income characteristics are rebased to 100% of the asset class. Top 10 holdings a nd asset allocation reflect direct holdings only. Currency exposure is shown on a look - through basis. Source: HSBC Asset Management, data as at 30 September 2026
Fixed Income Characteristics Fund Reference Benchmark Relative Yield to worst 6.08% -- -Yield to maturity 6.10% -- -Modified duration 5.81 -- -Average Credit Quality A+/A -- --
Credit rating (%) Fund Reference Benchmark Relative AAA 6.81 -- -AA 5.17 -- -A 4.94 -- -BBB 2.96 -- -BB 1.69 -- -B 0.21 -- -CCC 0.05 -- -CC 0.00 -- -NR 0.02 -- -Cash 0.14 -- --
Fixed income top 10 holdings Location Instrument type Weight (%) REPUBLIC OF SOUTH AFRICA 9.000 31/01/2040 ZAR
South Africa Government Bond 0.17
POLAND GOVERNMENT BOND 5.000 25/10/2034 PLN
Poland Government Bond 0.15
HUNGARY GOVERNMENT BOND 4.500 27/05/2032 HUF
HUNGARY Government Bond 0.14
TITULOS DE TESORERIA 7.000 26/03/2031 COP Colombia Government Bond 0.13 NOTA DO TESOURO NACIONAL 10.000 01/01/2027 BRL
Brazil Government Bond 0.12
NOTA DO TESOURO NACIONAL 10.000 01/01/2029 BRL
Brazil Government Bond 0.12
POLAND GOVERNMENT BOND 2.750 25/10/2029 PLN
Poland Government Bond 0.12
NOTA DO TESOURO NACIONAL 10.000 01/01/2033 BRL
Brazil Government Bond 0.11
NOTA DO TESOURO NACIONAL 10.000 01/01/2031 BRL
Brazil Government Bond 0.10
THAILAND GOVERNMENT BOND 1.585 17/12/2035 THB
Thailand Government Bond 0.10
Fixed income geographical allocation (%)
CashCash
Other LocationsOther Locations
CanadaCanada
PolandPoland
BrazilBrazil
NetherlandsNetherlands
FranceFrance
United KingdomUnited Kingdom
SupranationalSupranational
JapanJapan
GermanyGermany
United StatesUnited States
0.140.14
7.157.15
0.460.46
0.500.50
0.510.51
0.630.63
0.750.75
0.990.99
2.072.07
2.232.23
2.802.80
3.753.75
FundFund
CashCash
Other LocationsOther Locations
CanadaCanada
PolandPoland
BrazilBrazil
NetherlandsNetherlands
FranceFrance
United KingdomUnited Kingdom
SupranationalSupranational
JapanJapan
GermanyGermany
United StatesUnited States
0.140.14
7.157.15
0.460.46
0.500.50
0.510.51
0.630.63
0.750.75
0.990.99
2.072.07
2.232.23
2.802.80
3.753.75
FundFund
Page 6
HSBC OpenFunds Global Responsible Multi - Asset Dynamic Portfolio Monthly report 30 September 2026 | Share class Acc C
Unless otherwise stated, all exposures are shown on a look - through basis ( including underlying sec urities held indirectly v ia investment funds/vehicles). All equity/fixed income characteristics are rebased to 100% of the asset class. Top 10 holdings a nd asset allocation reflect direct holdings only. Currency exposure is shown on a look - through basis. Source: HSBC Asset Management, data as at 30 September 2026
Geographical allocation (Option adjusted duration) Fund
Reference Benchmark Relative United States 1.39 -- -Germany 1.22 -- -Japan 1.16 -- -Supranational 0.50 -- -United Kingdom 0.47 -- -Netherlands 0.31 -- -France 0.31 -- -South Korea 0.25 -- -Malaysia 0.21 -- -S.Africa 0.20 -- -Other Locations 2.78 -- -Cash 0.00 -- --
Fixed income sector allocation (%)
CashCash
Other SectorsOther Sectors
Local AuthoritiesLocal Authorities
Pooled FundsPooled Funds
UtilitiesUtilities
AgenciesAgencies
SovereignSovereign
Financial InstitutionsFinancial Institutions
IndustrialIndustrial
SupranationalSupranational
Treasuries (US)Treasuries (US)
Treasuries (Non-US)Treasuries (Non-US)
0.140.14
0.000.00
0.030.03
0.090.09
0.210.21
0.220.22
0.340.34
0.860.86
0.880.88
2.072.07
2.882.88
14.2514.25
FundFund
CashCash
Other SectorsOther Sectors
Local AuthoritiesLocal Authorities
Pooled FundsPooled Funds
UtilitiesUtilities
AgenciesAgencies
SovereignSovereign
Financial InstitutionsFinancial Institutions
IndustrialIndustrial
SupranationalSupranational
Treasuries (US)Treasuries (US)
Treasuries (Non-US)Treasuries (Non-US)
0.140.14
0.000.00
0.030.03
0.090.09
0.210.21
0.220.22
0.340.34
0.860.86
0.880.88
2.072.07
2.882.88
14.2514.25
FundFund
Page 7
HSBC OpenFunds Global Responsible Multi - Asset Dynamic Portfolio Monthly report 30 September 2026 | Share class Acc C
Source: HSBC Asset Management, data as at 30 September 2026
3 year annualised total return (%)
Amount based on GBP 1000 invested
3 year annualised volatility (%) Global Responsible Multi - Asset Dynamic Portfolio Accumulation C
12.30 1,416.25 9.52
Peer Group Average - EAA Fund GBP Moderately Adventurous Allocation
12.09 1,408.39 8.23
Lowest Returning Fund in Peer Group 2.22 1,067.97 5.99 Highest Returning Fund in Peer Group 19.61 1,711.17 11.67 Cash 4.63 1,145.28 0.18
HSBC OpenFunds offer a choice of five different risk levels, to be selected by investors depending on factors like their fin ancial goals, time horizon and capacity for loss. Typically, the more risk investors take, the more return they wo uld expect to see. At HSBC Asset Management, we measure risk by volatility – how sharply a Portfolio’s share price mov es in any given time peri od (up or down). The higher the volatility, the higher the risk. The table above shows the Portfolio’s return (for the primary share class or hedged currency share class) per year over the last three years (known as annualised) and the level of volatility over the same period. This can be compared a gainst other funds in the peer group, as defined by an independent research company*. An example of a good outcome would be that the HSBC Portfolio return is higher than the peer group’ s average return and the volatility (risk taken) is lower. However investors should consider their own priorities when it comes to retur ns and the risk taken to achieve them. *Morningstar Categories are used to define the peer group comprising funds they deem similar based on fund objectives and ho ldings. The average is a median.
Page 8
HSBC OpenFunds Global Responsible Multi - Asset Dynamic Portfolio Monthly report 30 September 2026 | Share class Acc C
Source: HSBC Asset Management, data as at 30 September 2026
Carbon intensity emissions (%)
Fund Fund MarketMarket ReferenceReference ComparatorComparator
00
5050
100100
150150
200200
112.46112.46
168.23168.23
Fund Fund MarketMarket ReferenceReference ComparatorComparator
00
5050
100100
150150
200200
112.46112.46
168.23168.23
Over the month, the average carbon intensity of the market benchmark was measured at 168.2 tCO2e. Our investment approach resulted in a reduction of 33%, meaning the carbon intensity of the portfolio was measured at 112.5 tCO2e.
ESG score distribution (%)
NRNR
CCCCCC
BB
BBBB
BBBBBB
AA
AAAA
AAAAAA
0.000.00
1.121.12
2.692.69
8.478.47
22.3722.37
22.4922.49
29.3929.39
13.4613.46
0.000.00
0.300.30
1.491.49
3.643.64
16.9916.99
19.5019.50
36.3936.39
21.7021.70
Fund Fund Market Reference ComparatorMarket Reference Comparator
NRNR
CCCCCC
BB
BBBB
BBBBBB
AA
AAAA
AAAAAA
0.000.00
1.121.12
2.692.69
8.478.47
22.3722.37
22.4922.49
29.3929.39
13.4613.46
0.000.00
0.300.30
1.491.49
3.643.64
16.9916.99
19.5019.50
36.3936.39
21.7021.70
Fund Fund Market Reference ComparatorMarket Reference Comparator
78% of the underlying issuers held by the fund are rated AAA - A, compared to 65% of those in the reference benchmark. The average ESG score for the underlying issuers held by the fund is 7.22, while that of the reference benchmark securities was 6.54.
Fund vs reference comparator (%)
Fund Weight ESG score
Carbon intensity emissions Index Weight ESG score
Carbon intensity emissions Developed Equity 33.44% 2.62 17.88 FTSE World 33.43% 2.42 34.86 USA 18.82% 1.36 8.38 FTSE United States 18.84% 1.28 17.28 Global Equity 10.05% 0.76 19.89 MSCI ACWI 10.04% 0.72 11.55 Emerging Market Equity 7.09% 0.52 12.72 FTSE Emerging Markets 7.05% 0.46 24.44 Global Government Bond 6.60% 0.45 12.51 Bloomberg Global Aggregate Government - Treasuries
6.61% 0.40 18.78
Global Infrastructure 4.76% 0.28 9.89 HSBC Global Infrastructure Equity Investment Universe
4.76% 0.09 13.31
GEM Debt - Local Currency 4.61% 0.25 22.77 JPM GBI - EM Global Diversified 4.61% 0.21 31.33 Global Corporate Bond 3.35% 0.26 1.36 Bloomberg Global Aggregate Corporates Diversified
3.36% 0.25 4.63
To demonstrate the performance of the fund against its sustainable investment aim the ESG and carbo n intensity scores of the fund are shown compared to the scores of a reference comparator. The reference comparator represents the ESG and ca rbon intensity scores the fund might have achieved if it did not have a sustainable investment aim. The reference comparator is a combination of market indices that represent the asset classes held b y the fund and in the sam e proportions (weighting) as the fund, as shown in the table above. The composition of the reference comparator va ries over time in line wi th the asset classes and proportions held by the fund. The table above shows the top 8 asset classes contribute differently to the ESG and carbon intensit y scores although it is i mportant to consider the weighted average scores of the overall fund and those of the reference comparator. Stewardship Stewardship in Action – Living Wage Practices in Western European Retailers Background - Several Western European retailers have faced controversies over low pay for their sta ff. In the context of hig h inflation in living cos ts, low pay can contribute to employee wellbeing concerns, higher staff turnover, and lower productivity and customer service qua lity. A stakeholder group who engages the sector on low pay issues filed shareholder resolutions at sever al retailers to raise inv estor awareness and encourage improved practices. Key objectives - Engage with the companies and resolution filer to understand their respective posi tions. Encourage the comp anies to improve their living wage disclosures and pay a living wage. Engagement - During 2024, we held several calls with the resolution filer to understand their ratio nale and approach. We und erstood that they intended to file resolutions at two laggards and one near - leader, with the aim of raising industry p erformance on living wage s. In the same year, we were able to meet six listed retailers to understand their perspectives and sh are our concerns. We obse rved the different practi ces and understandings of workforce across each retailer, which helped to inform our voting decisions. Outcomes - All three companies recommended against votes on the resolutions. To date, at one compan y almost 30% of investors voted in favour, indicating a high level of dissent. The company is expected to respond formally by the end of 2025. We aim to review this new insight and the outcome of the other two votes, and determine appropriate next steps for engagement with the companies and t he resolution filer over the coming year.
Page 9
HSBC OpenFunds Global Responsible Multi - Asset Dynamic Portfolio Monthly report 30 September 2026 | Share class Acc C
Risk disclosures
• Investing in other funds involves certain risks an investor would not face if investing in markets directly. Governance of underlying assets can be the responsibility of third - party managers. • 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. • Liquidity is a measure of how easily the Fund’s holdings can be quickly converted to cash. The value of the Fund’s holdings may be significantly impacted by liquidity risk during adverse market conditions.
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 jurisdictio n 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 OpenFunds, an Open Ended Investment Company that is authorised in the UK by the Financial Conduct Authority. From 29 July 2024, the Authorised Corporate Director is HSBC Asset Management (Fund Services UK) Limited and the Investment Manager is HSBC Global Asset Management (UK) Limited. All applications are made on the basis of the HSBC OpenFunds prospectus, Key Investor Information Document (KID), Supplementary Information Document (SID) and most recent annual and semi annual report, 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 the local distributors. Investors and potential investors should read and note the risk warnings in the prospectus and relevant KID and additionally, in the case of retail clients, the information contained in the supporting SID. The fund is a sub - fund of HSBC OpenFunds, an Open Ended Investment Company that is authorised in the UK by the Financial Conduct Authority. From 29 July 2024, the Authorised Corporate Director is HSBC Asset Management (Fund Services UK) Limited and the Investment Manager is HSBC Global Asset Management (UK) Limited. All applications are made on the basis of the Prospectus, Key Investor Information Document (KID), Supplementary Information Document (SID) 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 the local distributors. Investors and potential investors should read and note the risk warnings in the Prospectus, KID and additionally, in the case of retail clients, the information contained in the supporting SID. This fund is Sustainably Invested in line with one or more of the Global Sustainable Investment Alliance (GSIA) sustainable investment styles (positive/best - in - class screening, norms - based screening, sustainability themed investing, impact/community investing). It does not invest in companies involved in the manufacture of cluster munitions or anti - personnel mines. The fund is not guaranteed to outperform those which do not meet sustainability criteria. 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 2026. 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 Source: HSBC Asset Management, data as at 30 September 2026
Follow us on: HSBC Asset Management
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.
Fund center
Glossary
www.assetmanagement.hsbc.co.uk/en/ api/v1/download/document/ gb00b80qg615/gb/en/glossary
Truncated: This annotation is too large to fit.
View the raw JSON.
{
"annotation_id": "d898c6c4-5d23-43d7-a364-8f94d6761a58",
"date_created": "2026-10-23T22:21:31.633000Z",
"date_modified": "2026-10-23T22:21:31.633000Z",
"file_hash": "c0ccb607247e226b3ad2d3618bbf0bfb46c54bc99f91400b50cb887d6b1bdb13",
"private": false,
"record": {
"attributes": {
"chunk_type": "page_range",
"end_page": 9,
"start_page": 1
},
"blocks": [
{
"block_type": "box",
"box": {
"height": 15,
"width": 205,
"x": 43,
"y": 96
},
"id": "d07f2518-bf4a-4095-9abd-42b1add284c6",
"page_number": 1,
"text": "HSBC OpenFunds"
},
{
"block_type": "box",
"box": {
"height": 29,
"width": 484,
"x": 43,
"y": 122
},
"id": "f72bada9-ee67-412b-a56e-4adcff46e508",
"page_number": 1,
"text": "Global Responsible Multi"
},
{
"block_type": "box",
"box": {
"height": 1,
"width": 11,
"x": 532,
"y": 136
},
"id": "c6cd78b5-0d12-4fcb-9057-7e0ffa4a6508",
"page_number": 1,
"text": "-"
},
{
"block_type": "box",
"box": {
"height": 29,
"width": 308,
"x": 545,
"y": 122
},
"id": "f2582428-ed4d-4b86-9abe-3041802645d7",
"page_number": 1,
"text": "Asset Dynamic"
},
{
"block_type": "box",
"box": {
"height": 23,
"width": 155,
"x": 46,
"y": 162
},
"id": "5c2cd7bb-e8df-4077-8d62-56432c43b193",
"page_number": 1,
"text": "Portfolio"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 347,
"x": 43,
"y": 199
},
"id": "638becf0-6b95-4388-8d81-3ecbd23c11f8",
"page_number": 1,
"text": "Marketing communication | Monthly report"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 161,
"x": 405,
"y": 199
},
"id": "be48efe0-cc4c-495f-a41e-9fd571f8f057",
"page_number": 1,
"text": "30 September 2026 |"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 134,
"x": 567,
"y": 199
},
"id": "7f6b7ef2-4ccb-4078-885e-a51f443a09ff",
"page_number": 1,
"text": "Share class Acc C"
},
{
"block_type": "box",
"box": {
"height": 11,
"width": 727,
"x": 43,
"y": 223
},
"id": "0c72f092-6422-4604-81cb-1f39e20f330b",
"page_number": 1,
"text": "Sustainable investment labels help investors find products that have a specific sustainability goal"
},
{
"block_type": "box",
"box": {
"height": 11,
"width": 176,
"x": 774,
"y": 223
},
"id": "f1e39e00-d746-4d1e-b2c0-d1a7f81dd32f",
"page_number": 1,
"text": ". This product does not"
},
{
"block_type": "box",
"box": {
"height": 11,
"width": 777,
"x": 44,
"y": 238
},
"id": "0ff42281-736a-4fe9-8fef-0c5df1d46717",
"page_number": 1,
"text": "have a UK sustainable investment label since the Fund has not been designed to meet the FCA\u2019s specifi"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 53,
"x": 823,
"y": 238
},
"id": "89471356-ba6d-48d2-98c5-48ba9aa0de56",
"page_number": 1,
"text": "c label"
},
{
"block_type": "box",
"box": {
"height": 11,
"width": 101,
"x": 44,
"y": 254
},
"id": "21cdeacd-acac-46dc-8e45-144f08db2d27",
"page_number": 1,
"text": "requirements."
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 656,
"x": 46,
"y": 929
},
"id": "f0eb5616-d551-4f42-960a-c814e1e26aad",
"page_number": 1,
"text": "Past performance does not predict future returns. The figures are calculated in the share class bas"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 163,
"x": 703,
"y": 930
},
"id": "edc0fb88-d8a9-4760-8023-e4ba2194e250",
"page_number": 1,
"text": "e currency, dividend rein"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 73,
"x": 867,
"y": 930
},
"id": "4be16e77-94d9-4a55-8f7b-83c5cbb6f72f",
"page_number": 1,
"text": "vested, net"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 49,
"x": 45,
"y": 939
},
"id": "64e63e36-fe0d-4779-b821-0525c08c5826",
"page_number": 1,
"text": "of fees."
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 675,
"x": 45,
"y": 948
},
"id": "14b6ac30-5864-483d-8728-fbd23efd66cb",
"page_number": 1,
"text": "This is a marketing communication. Please refer to the prospectus and to the KID before making any"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 167,
"x": 724,
"y": 948
},
"id": "44b2754c-675b-4a71-9628-c7dea000e8a9",
"page_number": 1,
"text": "final investment decision"
},
{
"block_type": "box",
"box": {
"height": 5,
"width": 10,
"x": 892,
"y": 950
},
"id": "0d6afe07-536f-4134-b49e-8cef83a69ae6",
"page_number": 1,
"text": "s."
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 513,
"x": 46,
"y": 958
},
"id": "9bd8f62c-fba8-41cf-88e0-962a12f880a1",
"page_number": 1,
"text": "For definition of terms, please refer to the Glossary QR code and Prospectus."
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 429,
"x": 45,
"y": 968
},
"id": "ef95101c-2984-48df-b47e-d46b90520528",
"page_number": 1,
"text": "Prior to 01/04/2025 the fund name was Global Sustainable Multi"
},
{
"block_type": "box",
"box": {
"height": 1,
"width": 4,
"x": 475,
"y": 972
},
"id": "e6d46c46-378d-4de6-8f4a-1006868e490a",
"page_number": 1,
"text": "-"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 161,
"x": 479,
"y": 968
},
"id": "943f1e8a-8c35-4ce1-889d-6410ee1103c9",
"page_number": 1,
"text": "Asset Dynamic Portfolio"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 438,
"x": 45,
"y": 977
},
"id": "621c11b1-8d0b-4f32-8f08-9695cf2310e6",
"page_number": 1,
"text": "Source: HSBC Asset Management, data as at 30 September 2026"
},
{
"block_type": "box",
"box": {
"height": 16,
"width": 232,
"x": 91,
"y": 296
},
"id": "fb549d2e-eec0-42b5-9095-9089c1edec7d",
"page_number": 1,
"text": "Investment objective"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 575,
"x": 44,
"y": 322
},
"id": "69b3a5a2-002b-417c-b35b-efc213ec9bdb",
"page_number": 1,
"text": "The Fund aims to provide growth in line with its risk profile in the long term, which is a period o"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 4,
"x": 619,
"y": 322
},
"id": "65866b3b-9ddb-4305-8c67-ba1d483b8034",
"page_number": 1,
"text": "f"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 561,
"x": 44,
"y": 334
},
"id": "9acb98e9-ed83-4acc-90a1-e41697f69454",
"page_number": 1,
"text": "five years or more. The Fund\u2019s risk profile is rated as 4 where 1 is a lower level of risk and 5 is"
},
{
"block_type": "box",
"box": {
"height": 5,
"width": 5,
"x": 610,
"y": 336
},
"id": "2276ae8b-fd6a-4aaf-986d-76b1352000de",
"page_number": 1,
"text": "a"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 576,
"x": 45,
"y": 346
},
"id": "dc60b112-c764-463a-bad2-830abbc5f004",
"page_number": 1,
"text": "higher level of risk. Please see the Prospectus for an explanation of the HSBC risk levels and the"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 235,
"x": 44,
"y": 359
},
"id": "11341e13-52da-497a-b73b-56dece65b14a",
"page_number": 1,
"text": "sustainable characteristics of the Fund."
},
{
"block_type": "box",
"box": {
"height": 16,
"width": 223,
"x": 91,
"y": 390
},
"id": "14397f69-436f-4496-bf6a-2b958ba2a94d",
"page_number": 1,
"text": "Investment strategy"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 534,
"x": 44,
"y": 415
},
"id": "c3c15ed9-ad66-4be3-bf97-3f5a7318e990",
"page_number": 1,
"text": "The Fund will also incorporate sustainability characteristics and, as part of its investment"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 548,
"x": 44,
"y": 428
},
"id": "cd35806a-f1a2-4b7f-9714-fa9bd3bba0a3",
"page_number": 1,
"text": "approach, it will invest in assets that support at least one of the following three responsible"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 577,
"x": 45,
"y": 440
},
"id": "f722d5d4-96c4-4f8c-baea-3073cb643668",
"page_number": 1,
"text": "investment aims: (1) To deliver an overall carbon intensity level that is at least 25% lower than th"
},
{
"block_type": "box",
"box": {
"height": 5,
"width": 6,
"x": 624,
"y": 442
},
"id": "560209e2-24e2-4005-a3c4-d36b1db5bf84",
"page_number": 1,
"text": "e"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 550,
"x": 44,
"y": 452
},
"id": "82bf07ad-69e9-4353-9960-a270e86a1153",
"page_number": 1,
"text": "carbon intensity of the broader investment universe. (2) To deliver an overall Environmental,"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 573,
"x": 44,
"y": 465
},
"id": "ffaf1bcd-95b4-4366-97d8-c54ead5f0177",
"page_number": 1,
"text": "Social and Governance (\u2018ESG\u2019) score that is higher than the broader investment universe. (3) To"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 576,
"x": 45,
"y": 477
},
"id": "d0de1fa1-6e4a-4f21-8b32-0672957c716f",
"page_number": 1,
"text": "invest in assets focused on themes that contribute towards positive environmental and/or social"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 583,
"x": 44,
"y": 489
},
"id": "bbce5bac-9df4-4a6d-8e24-554e49733905",
"page_number": 1,
"text": "outcomes. For further information on the sustainability characteristics of the Fund please refer to"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 580,
"x": 44,
"y": 502
},
"id": "c4ad8175-3c1b-4f9f-902d-125e38a0c955",
"page_number": 1,
"text": "the SDR Consumer Facing Disclosure document and the Prospectus. The Fund is one of a range"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 275,
"x": 44,
"y": 514
},
"id": "c6b37e4c-6fa6-4d52-9f89-3371419b8446",
"page_number": 1,
"text": "of actively managed Global Responsible Multi"
},
{
"block_type": "box",
"box": {
"height": 1,
"width": 4,
"x": 320,
"y": 518
},
"id": "7ef4ef6b-a9ef-4877-b053-769954d65e2c",
"page_number": 1,
"text": "-"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 301,
"x": 324,
"y": 514
},
"id": "2fc236a6-94f5-4b58-8119-6e286e41ca26",
"page_number": 1,
"text": "Asset Portfolios offered at different risk levels. The"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 566,
"x": 44,
"y": 526
},
"id": "7eb7dc63-e2bf-40db-a57c-28cd193cc0ca",
"page_number": 1,
"text": "asset allocation of each fund in the range reflects the risk level. The Fund is managed with the"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 558,
"x": 44,
"y": 539
},
"id": "5d70921f-e8ef-4872-903e-d18cdb530f93",
"page_number": 1,
"text": "aim of maximising returns in line with its agreed long term risk profile therefore any potential"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 567,
"x": 45,
"y": 551
},
"id": "7dd2ed4f-816c-49f2-835c-4e4d7cd420ba",
"page_number": 1,
"text": "returns are likely to be limited by the risk profile of the Fund. The exposure to each asset class"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 587,
"x": 45,
"y": 564
},
"id": "184504ff-c555-4ad0-b12f-81eece87328b",
"page_number": 1,
"text": "may be achieved by investing in collective investment schemes, investing directly in asset classes"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 520,
"x": 44,
"y": 576
},
"id": "3b8bea4a-53a8-4622-8d9a-293577c0f165",
"page_number": 1,
"text": "and investing in derivatives. The Fund is not managed with reference to a benchmark."
},
{
"block_type": "box",
"box": {
"height": 13,
"width": 114,
"x": 98,
"y": 607
},
"id": "cb049346-1bbf-422a-add1-28e739030e56",
"page_number": 1,
"text": "Main risks"
},
{
"block_type": "box",
"box": {
"height": 4,
"width": 5,
"x": 52,
"y": 634
},
"id": "511deb82-1457-42b1-be45-0fe1de47f279",
"page_number": 1,
"text": "\u2022"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 509,
"x": 61,
"y": 633
},
"id": "cec19b51-1d9d-4d30-90bb-37a14dc1da21",
"page_number": 1,
"text": "The value of investments and any income from them can go down as well as up and"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 347,
"x": 62,
"y": 645
},
"id": "64ab06ca-bac9-45ad-b3b7-1f589ec1f570",
"page_number": 1,
"text": "investors may not get back the amount originally invested"
},
{
"block_type": "box",
"box": {
"height": 4,
"width": 5,
"x": 52,
"y": 659
},
"id": "b9b53ab4-3140-40c7-bcba-c4a3dad7c80c",
"page_number": 1,
"text": "\u2022"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 554,
"x": 61,
"y": 658
},
"id": "dac3df45-560f-4078-98d2-19e59a8da4e8",
"page_number": 1,
"text": "Where overseas investments are held the rate of currency exchange may cause the value of"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 263,
"x": 62,
"y": 670
},
"id": "d87fed67-723b-44dd-8a2f-d398878bc86f",
"page_number": 1,
"text": "such investments to go down as well as up."
},
{
"block_type": "box",
"box": {
"height": 4,
"width": 5,
"x": 52,
"y": 684
},
"id": "d8f76a15-b084-472e-8381-0e9411883800",
"page_number": 1,
"text": "\u2022"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 538,
"x": 61,
"y": 682
},
"id": "14081358-fe37-4252-b6aa-e9ea2fa65510",
"page_number": 1,
"text": "The Fund invests in bonds whose value generally falls when interest rates rise. This risk is"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 522,
"x": 62,
"y": 695
},
"id": "66d76254-77b3-4752-b9a0-efff27f8c9a6",
"page_number": 1,
"text": "generally greater the longer the maturity of a bond investment and the higher its credit"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 561,
"x": 62,
"y": 707
},
"id": "8fff201a-3b21-4082-9833-dba739b9e54e",
"page_number": 1,
"text": "quality. The issuers of certain bonds, could become unwilling or unable to make payments on"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 556,
"x": 61,
"y": 720
},
"id": "81f1854b-b062-4616-827d-83f246f02996",
"page_number": 1,
"text": "their bonds and default. Bonds that are in default may become hard to sell or worthless. The"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 557,
"x": 61,
"y": 732
},
"id": "fe28e9f9-7625-46c9-b37f-be9522387c0a",
"page_number": 1,
"text": "value of investible securities can change over time due to a wide variety of factors, including"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 473,
"x": 62,
"y": 744
},
"id": "b750f49b-9458-4d66-ae31-45d467d4d090",
"page_number": 1,
"text": "but not limited to: political and economic news, government policy, changes in"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 353,
"x": 62,
"y": 757
},
"id": "e22712fa-3134-42ce-9c48-31773546efc2",
"page_number": 1,
"text": "demographics, cultures and populations, natural or human"
},
{
"block_type": "box",
"box": {
"height": 0,
"width": 3,
"x": 417,
"y": 761
},
"id": "316e6176-1ca3-4979-8eec-810427a1bc28",
"page_number": 1,
"text": "-"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 125,
"x": 421,
"y": 757
},
"id": "d62c40fb-6f00-4683-8771-f5287e18c65b",
"page_number": 1,
"text": "caused disasters etc."
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 163,
"x": 671,
"y": 290
},
"id": "2b3f9a54-618e-4bcf-a05b-772bc45ef59d",
"page_number": 1,
"text": "Share class details"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 77,
"x": 671,
"y": 307
},
"id": "d100a431-4a6c-45bd-a0dc-fe47a48be202",
"page_number": 1,
"text": "Key metrics"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 86,
"x": 671,
"y": 323
},
"id": "bd32db49-dc83-4b16-97fb-452e3fbbd428",
"page_number": 1,
"text": "NAV per share"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 61,
"x": 899,
"y": 322
},
"id": "a74874ad-864c-4488-bf10-43b040639806",
"page_number": 1,
"text": "GBP 1.84"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 129,
"x": 671,
"y": 339
},
"id": "a9ad3756-496e-4429-815d-563c6a5a2c96",
"page_number": 1,
"text": "Performance 1 month"
},
{
"block_type": "box",
"box": {
"height": 1,
"width": 3,
"x": 915,
"y": 343
},
"id": "c8dc3532-1b0c-4efc-8df5-b4412fed47d1",
"page_number": 1,
"text": "-"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 41,
"x": 919,
"y": 338
},
"id": "515ceee4-f477-42d6-aeb4-518243f3735f",
"page_number": 1,
"text": "0.14%"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 120,
"x": 670,
"y": 355
},
"id": "c3b08eb8-7d0c-44e3-8a46-be6608570cce",
"page_number": 1,
"text": "Sharpe ratio 3 years"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 28,
"x": 932,
"y": 354
},
"id": "47c200fa-53b0-4685-87a1-7a8c44f9e03d",
"page_number": 1,
"text": "0.82"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 69,
"x": 671,
"y": 370
},
"id": "2e110a52-770e-4874-a3f3-69962843318b",
"page_number": 1,
"text": "Fund facts"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 113,
"x": 671,
"y": 386
},
"id": "cc01af55-8a86-4f55-aa8d-0cc45441e9d8",
"page_number": 1,
"text": "UCITS V compliant"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 17,
"x": 944,
"y": 386
},
"id": "319d44f7-23d2-4ff1-a585-21e67b009e57",
"page_number": 1,
"text": "No"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 147,
"x": 671,
"y": 402
},
"id": "808533fb-4ba3-4d04-b15d-ef4192531db3",
"page_number": 1,
"text": "UK reporting fund status"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 41,
"x": 671,
"y": 414
},
"id": "d5995b54-4690-48a2-ad9f-bf3def5e6fd8",
"page_number": 1,
"text": "(UKRS)"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 22,
"x": 939,
"y": 402
},
"id": "53d677aa-93bb-4b9e-98a3-9cc6fbc7e619",
"page_number": 1,
"text": "Yes"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 66,
"x": 671,
"y": 430
},
"id": "7851a723-bb62-4be2-8dca-4fd9ef56a440",
"page_number": 1,
"text": "ISA eligible"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 22,
"x": 939,
"y": 430
},
"id": "90d8aa85-ab9d-4c1a-bf3b-02581273fd86",
"page_number": 1,
"text": "Yes"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 114,
"x": 671,
"y": 446
},
"id": "d89bc568-bcf6-4efb-b66e-85ccdba172c9",
"page_number": 1,
"text": "Dividend treatment"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 92,
"x": 869,
"y": 446
},
"id": "117e866d-6c2b-40fd-9791-e3e4f91aded0",
"page_number": 1,
"text": "Accumulating"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 108,
"x": 671,
"y": 462
},
"id": "e88747ed-ebfc-4df4-8caa-a4ef7c706fb4",
"page_number": 1,
"text": "Dealing frequency"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 32,
"x": 928,
"y": 462
},
"id": "23604533-9903-4d58-93ee-56c966f3bbb5",
"page_number": 1,
"text": "Daily"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 86,
"x": 670,
"y": 479
},
"id": "854e5432-132f-461d-8b92-616656fb8ba9",
"page_number": 1,
"text": "Valuation time"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 84,
"x": 877,
"y": 478
},
"id": "c613dc62-f302-4636-8897-5948394c7754",
"page_number": 1,
"text": "12:00 United"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 59,
"x": 902,
"y": 491
},
"id": "f3520998-7f73-4503-ba7e-377f6f837101",
"page_number": 1,
"text": "Kingdom"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 157,
"x": 670,
"y": 507
},
"id": "c78864ec-fc93-49ad-b3cd-f368f35a060a",
"page_number": 1,
"text": "Share class base currency"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 27,
"x": 934,
"y": 507
},
"id": "5ab341b6-909c-487e-8851-a8b8b806e492",
"page_number": 1,
"text": "GBP"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 51,
"x": 671,
"y": 523
},
"id": "71d21c2d-b573-4cb9-a88f-642f2fec8c79",
"page_number": 1,
"text": "Domicile"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 107,
"x": 854,
"y": 523
},
"id": "e9078714-8032-41ec-a56b-70879c0a3728",
"page_number": 1,
"text": "United Kingdom"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 84,
"x": 671,
"y": 539
},
"id": "d0ba5dc1-b699-4e85-9860-f4610e79007a",
"page_number": 1,
"text": "Inception date"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 89,
"x": 872,
"y": 539
},
"id": "c01bbbae-5ca6-43de-85ad-a48383de0a68",
"page_number": 1,
"text": "20 April 2020"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 55,
"x": 671,
"y": 555
},
"id": "a56f3f30-0e29-454a-9f7f-bc56bfe5e012",
"page_number": 1,
"text": "Fund size"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 116,
"x": 845,
"y": 555
},
"id": "5df85ad3-b53a-4fa3-b9db-551a6812e30e",
"page_number": 1,
"text": "GBP 216,105,989"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 59,
"x": 671,
"y": 571
},
"id": "f33ab7da-4331-493b-b9eb-103a8875775e",
"page_number": 1,
"text": "Managers"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 94,
"x": 867,
"y": 571
},
"id": "e126e5d1-bfc7-4397-84c0-47b65745e482",
"page_number": 1,
"text": "Camilla Searle"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 110,
"x": 852,
"y": 584
},
"id": "6b64b686-e7ee-45ae-9b9b-f16c6c2dc337",
"page_number": 1,
"text": "Arthur Chevalier"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 124,
"x": 671,
"y": 599
},
"id": "f0538252-f5fd-4c4a-bb00-d01f06e65792",
"page_number": 1,
"text": "Fees and expenses"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 92,
"x": 671,
"y": 615
},
"id": "28970554-b4d3-47ba-82ac-825db14089a5",
"page_number": 1,
"text": "Minimum initial"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 65,
"x": 671,
"y": 627
},
"id": "d405825a-307b-4934-a6f6-aa5264fe9d50",
"page_number": 1,
"text": "investment"
},
{
"block_type": "box",
"box": {
"height": 4,
"width": 2,
"x": 737,
"y": 626
},
"id": "4f3b8c65-f8e8-4c57-9e4c-1e49f35b793d",
"page_number": 1,
"text": "\u00b9"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 99,
"x": 862,
"y": 615
},
"id": "a7857fad-a18b-4366-a8fc-7e4eec05adb6",
"page_number": 1,
"text": "GBP 1,000,000"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 135,
"x": 670,
"y": 643
},
"id": "3099fa69-b71b-49f2-b7f2-5e486d15a388",
"page_number": 1,
"text": "Ongoing charge figure"
},
{
"block_type": "box",
"box": {
"height": 4,
"width": 4,
"x": 806,
"y": 642
},
"id": "6be960cf-8880-49c1-8f1e-8eaab3f1e3d7",
"page_number": 1,
"text": "\u00b2"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 50,
"x": 912,
"y": 643
},
"id": "08722a65-2973-4a9d-8ae1-1294c7051782",
"page_number": 1,
"text": "0.730%"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 41,
"x": 670,
"y": 658
},
"id": "5486cc6e-94fb-4f09-9bc0-3b66c5890529",
"page_number": 1,
"text": "Codes"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 23,
"x": 671,
"y": 674
},
"id": "561f7b54-49d1-4d35-a3bb-dd0d284ff0b6",
"page_number": 1,
"text": "ISIN"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 110,
"x": 850,
"y": 674
},
"id": "6439ac1f-ba21-44a1-8ce1-10f351e1eb31",
"page_number": 1,
"text": "GB00BLKQDC73"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 102,
"x": 671,
"y": 691
},
"id": "fd17cb34-da5c-49fa-90d4-9a09aa3ac562",
"page_number": 1,
"text": "Bloomberg ticker"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 94,
"x": 865,
"y": 690
},
"id": "b888c20b-642f-4bb9-9823-e105cad301a5",
"page_number": 1,
"text": "HGMDPCA LN"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 43,
"x": 670,
"y": 707
},
"id": "410b08b5-8da2-4626-8608-072ff6d84958",
"page_number": 1,
"text": "SEDOL"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 64,
"x": 896,
"y": 706
},
"id": "9d8d355e-1ce1-40c0-86de-4a49645e0e6c",
"page_number": 1,
"text": "BLKQDC7"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 274,
"x": 671,
"y": 718
},
"id": "f6dd9cc1-7595-43f9-8998-58b5e9e322b6",
"page_number": 1,
"text": "\u00b9Please note that initial minimum subscription"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 223,
"x": 671,
"y": 729
},
"id": "b64580f2-dc2f-4968-b748-f0dcc39abf82",
"page_number": 1,
"text": "may vary across different distributors\r\n\u00b2"
},
{
"block_type": "box",
"box": {
"height": 11,
"width": 292,
"x": 670,
"y": 736
},
"id": "cb5270f9-7359-41e4-912c-2e07acd584e4",
"page_number": 1,
"text": "y y \r\n\u00b2Ongoing Charges Figure is an estimate due to a"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 143,
"x": 670,
"y": 747
},
"id": "df6805ad-a5b7-4ca6-a997-8c0c98a77f56",
"page_number": 1,
"text": "change of fee structure."
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 114,
"x": 44,
"y": 27
},
"id": "3217fa22-c9dc-49a6-9394-27f39b5623c1",
"page_number": 2,
"text": "HSBC OpenFunds"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 149,
"x": 163,
"y": 27
},
"id": "cc5d537f-41e8-46dd-8ee8-8155c1f452b8",
"page_number": 2,
"text": "Global Responsible Multi"
},
{
"block_type": "box",
"box": {
"height": 0,
"width": 4,
"x": 313,
"y": 32
},
"id": "53b11add-72d9-4f11-9158-dd3f92d90ada",
"page_number": 2,
"text": "-"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 144,
"x": 317,
"y": 28
},
"id": "7853d574-9989-4d3e-8857-873ae9129ffd",
"page_number": 2,
"text": "Asset Dynamic Portfolio"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 95,
"x": 44,
"y": 40
},
"id": "ef663f2d-b5dc-4635-b5a9-c88dd27ed2f0",
"page_number": 2,
"text": "Monthly report"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 125,
"x": 143,
"y": 39
},
"id": "e412ef83-09e3-4e50-bf7f-bd606199941b",
"page_number": 2,
"text": "30 September 2026 |"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 107,
"x": 274,
"y": 40
},
"id": "50fda082-2b4d-4e8a-a973-2a5c2b112a5e",
"page_number": 2,
"text": "Share class Acc C"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 656,
"x": 46,
"y": 930
},
"id": "a52f18cf-a43c-4d25-ab71-3e0c5643ed9e",
"page_number": 2,
"text": "Past performance does not predict future returns. The figures are calculated in the share class bas"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 163,
"x": 703,
"y": 930
},
"id": "6195f3d4-55e3-47e5-8585-a85c1ef0d9c8",
"page_number": 2,
"text": "e currency, dividend rein"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 73,
"x": 867,
"y": 930
},
"id": "49a1e5a1-6d21-443e-9551-8aeaf49e037e",
"page_number": 2,
"text": "vested, net"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 49,
"x": 45,
"y": 940
},
"id": "ae6f1c52-812e-4c30-af2a-e54008694c35",
"page_number": 2,
"text": "of fees."
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 397,
"x": 46,
"y": 949
},
"id": "f89555a4-3a0b-4621-9bf3-f8125473f54a",
"page_number": 2,
"text": "Unless otherwise stated, all exposures are shown on a look"
},
{
"block_type": "box",
"box": {
"height": 1,
"width": 3,
"x": 444,
"y": 953
},
"id": "0392623e-0049-4fbd-a968-00b67d6b5e5f",
"page_number": 2,
"text": "-"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 268,
"x": 448,
"y": 949
},
"id": "bd12e36c-8b37-47bf-89e4-b942c8a27cb1",
"page_number": 2,
"text": "through basis ( including underlying sec"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 152,
"x": 717,
"y": 949
},
"id": "5b94707c-f6f1-45e2-9316-98c647a6ed99",
"page_number": 2,
"text": "urities held indirectly v"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 10,
"x": 870,
"y": 949
},
"id": "e9f37935-3993-4fd5-a0bf-0fa62ba26a2a",
"page_number": 2,
"text": "ia"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 666,
"x": 46,
"y": 958
},
"id": "1496bdd0-6248-44d0-abe7-7a6ce7f23ba2",
"page_number": 2,
"text": "investment funds/vehicles). All equity/fixed income characteristics are rebased to 100% of the asset"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 159,
"x": 717,
"y": 958
},
"id": "f1627981-9e60-4ad7-9096-10b069c5e05b",
"page_number": 2,
"text": "class. Top 10 holdings a"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 55,
"x": 878,
"y": 959
},
"id": "cc2f8634-d893-4ed5-b5c6-5e9ee519b58f",
"page_number": 2,
"text": "nd asset"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 512,
"x": 45,
"y": 968
},
"id": "0a92f3c6-989e-40fa-83d8-4d83d8216baf",
"page_number": 2,
"text": "allocation reflect direct holdings only. Currency exposure is shown on a look"
},
{
"block_type": "box",
"box": {
"height": 1,
"width": 4,
"x": 557,
"y": 972
},
"id": "9c3bb0c2-e7da-4d89-8d46-f3a54880e98c",
"page_number": 2,
"text": "-"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 95,
"x": 561,
"y": 968
},
"id": "fd861363-08d3-402b-9760-c8dc83cc0dd5",
"page_number": 2,
"text": "through basis."
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 438,
"x": 45,
"y": 977
},
"id": "f9808aaa-f3fe-48a9-8687-517d23f3ac8f",
"page_number": 2,
"text": "Source: HSBC Asset Management, data as at 30 September 2026"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 110,
"x": 44,
"y": 64
},
"id": "a20bda55-af36-4419-80c6-1cbce780b5bf",
"page_number": 2,
"text": "Performance"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 29,
"x": 372,
"y": 66
},
"id": "e29b0197-223f-40d1-a5cd-d78ec10d93a3",
"page_number": 2,
"text": "Fund"
},
{
"block_type": "box",
"box": {
"height": 22,
"width": 9,
"x": 110,
"y": 198
},
"id": "1e4a7846-1e11-4d78-b1e3-5718b90943e2",
"page_number": 2,
"text": "04/20"
},
{
"block_type": "box",
"box": {
"height": 21,
"width": 9,
"x": 207,
"y": 199
},
"id": "639a8cc6-9e14-43fd-a321-4b91ac0cf1e6",
"page_number": 2,
"text": "07/21"
},
{
"block_type": "box",
"box": {
"height": 22,
"width": 9,
"x": 313,
"y": 198
},
"id": "319c1f06-24dc-4c41-88db-fd277316793f",
"page_number": 2,
"text": "11/22"
},
{
"block_type": "box",
"box": {
"height": 22,
"width": 9,
"x": 410,
"y": 198
},
"id": "ffea9567-496a-4ddd-921d-482c23bcdd08",
"page_number": 2,
"text": "02/24"
},
{
"block_type": "box",
"box": {
"height": 22,
"width": 9,
"x": 516,
"y": 198
},
"id": "edd6fa9d-9df2-42b7-ada0-6ee3ada0ccdb",
"page_number": 2,
"text": "06/25"
},
{
"block_type": "box",
"box": {
"height": 22,
"width": 9,
"x": 613,
"y": 198
},
"id": "c1bdf9b8-9c5d-4251-a2ec-0063d1fe2152",
"page_number": 2,
"text": "09/26"
},
{
"block_type": "box",
"box": {
"height": 6,
"width": 19,
"x": 78,
"y": 184
},
"id": "f19765e5-8a4b-4ab4-8576-23e1089e14c5",
"page_number": 2,
"text": "100"
},
{
"block_type": "box",
"box": {
"height": 6,
"width": 19,
"x": 78,
"y": 160
},
"id": "de5f8331-52ce-486c-8c12-3e7e44cd2374",
"page_number": 2,
"text": "120"
},
{
"block_type": "box",
"box": {
"height": 6,
"width": 19,
"x": 78,
"y": 137
},
"id": "d8901d3f-a152-4148-9b97-1be93245bf33",
"page_number": 2,
"text": "140"
},
{
"block_type": "box",
"box": {
"height": 6,
"width": 19,
"x": 78,
"y": 113
},
"id": "11830f5e-c90c-4244-827a-4a4299cbc127",
"page_number": 2,
"text": "160"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 19,
"x": 78,
"y": 88
},
"id": "4fb7a0fd-5592-404f-82b2-b9d66eee5b0d",
"page_number": 2,
"text": "180"
},
{
"block_type": "box",
"box": {
"height": 98,
"width": 9,
"x": 47,
"y": 87
},
"id": "077d29e7-333d-4dae-9d39-4d1ff28622a0",
"page_number": 2,
"text": "Return index rebased to"
},
{
"block_type": "box",
"box": {
"height": 82,
"width": 12,
"x": 58,
"y": 95
},
"id": "89e237a8-784a-4303-87d2-06361022c915",
"page_number": 2,
"text": "100 on starting date"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 108,
"x": 45,
"y": 256
},
"id": "f23cb604-0618-492f-a510-1d85cfaf53a5",
"page_number": 2,
"text": "Performance (%)"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 28,
"x": 258,
"y": 256
},
"id": "5e168921-6dd4-4718-8777-ab62f6e97bce",
"page_number": 2,
"text": "YTD"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 53,
"x": 308,
"y": 256
},
"id": "9fc876cf-a857-4143-a135-9e68f4575929",
"page_number": 2,
"text": "1 month"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 62,
"x": 375,
"y": 256
},
"id": "3f479623-3bed-4159-bd0f-2ee7aa158e7f",
"page_number": 2,
"text": "3 months"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 62,
"x": 451,
"y": 256
},
"id": "a10453bf-4492-420c-b64e-8baa7f17f9bd",
"page_number": 2,
"text": "6 months"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 40,
"x": 549,
"y": 256
},
"id": "de6a97e9-4d24-4b22-8925-32390fef00a1",
"page_number": 2,
"text": "1 year"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 76,
"x": 603,
"y": 256
},
"id": "e194bd31-e209-43e0-8aa4-cdf2630d52a3",
"page_number": 2,
"text": "3 years ann"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 75,
"x": 694,
"y": 256
},
"id": "7366d0d5-dd02-4440-b94f-e0c98305606a",
"page_number": 2,
"text": "5 years ann"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 83,
"x": 777,
"y": 256
},
"id": "d212a1e1-935c-4c61-8e9b-86eba279ed30",
"page_number": 2,
"text": "10 years ann"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 36,
"x": 914,
"y": 234
},
"id": "d73254ae-9a32-49c7-8abc-f29430fab050",
"page_number": 2,
"text": "Since"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 61,
"x": 889,
"y": 245
},
"id": "47c1c838-d5be-405f-9b54-c186e2e74c80",
"page_number": 2,
"text": "inception"
},
{
"block_type": "box",
"box": {
"height": 5,
"width": 24,
"x": 926,
"y": 258
},
"id": "e782370b-4759-43b0-848e-0d4489c81b31",
"page_number": 2,
"text": "ann"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 38,
"x": 44,
"y": 270
},
"id": "a91f21eb-3111-4acf-be1d-f2f5961ff011",
"page_number": 2,
"text": "Acc C"
},
{
"block_type": "box",
"box": {
"height": 7,
...