USA Lower Carbon ESG Tilt Equity Index Fund - Accumulation S 

The Fund aims to track the performance of the FTSE USA ESG Low Carbon Select Index (the “Index”) before the deduction of charges. To achieve its investment objective, the Fund will invest directly in shares (equities) of companies that make up the FTSE USA ESG Low Carbon Select Index. The Fund may also invest in the following assets which are not part of the Index: •cash to manage day-to-day cash flow requirements; •units or shares of collective investment schemes, including collective investment schemes managed or operated by the HSBC Group in order to manage day-to-day cash flow requirements; •equity related securities such as American Depositary Receipts and Global Depositary Receipts (which are certificates typically issued by a bank or trust company evidencing ownership of shares of a non-US issuer) in order to achieve exposure to a stock instead of using a physical security.