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›ETF Providers›HSBC›H41U

H41U

IE000YUU9UG5

Passive ETF Fixed Income

H41U ETF · HSBC Global Funds ICAV - China Government Local Bond UCITS ETF

The H41U Exchange Traded Fund (ETF) is provided by HSBC. It is built to track an index: Bloomberg China Treasury + Policy Bank Index. The H41U ETF provides physical exposure, so by buying it you actually own parts of all the 150 underlying holdings. The dividend policy is capitalization.

Share class

Acc

EUR

Hedged

Real-time data unavailable for H41U

LIVE

CLOSED

This fund is part ofChina Bonds1M perf.-0.14%

Last price

N/A

1M perf.

-0.25%

1M flows

N/A

AuM

€268K

E/R

0.2001%

Rating

Not rated

ESG Consensus®

H41U

N/A

Performance & flows

Segment for quartile rank

December 31, 2025 → March 31, 2026

Create a free account to view the flows graph

H41U

€11.29

+1.00%

China Bonds

+1.17%

Historic performance and flows

	1M	3M	1Y	3Y	5Y	MTD	QTD	YTD
Perf.	-0.25%	+1.00%	+1.94%	N/A	N/A	+0.21%	+1.00%	+1.00%
Flows

Key fund info

Segment for quartile rank

Main characteristics

Issuer

HSBC

ISIN

IE000YUU9UG5

AuM

€268K

E/R

0.2001%

Replication rating

Not rated

ESG Consensus®

More details

NAV

3/31/2026

€11.29

1D NAV change

-0.10%

Dividend policy

Capitalization

Replication method

Direct (Physical)

Replication model

Full replication

No. of holdings

150

Inception date

7/12/2023

Jurisdiction

Ireland

Distribution

Ireland

Netherlands

Norway

Spain

Sweden

Legal structure

Irish Collective Asset-management Vehicle

Base currency

EUR

Classification

Product type

Passive ETF

Benchmark

Bloomberg China Treasury + Policy Bank Index

Asset class

Fixed Income

Factors

N/A

Share class info

EUR capitalizing hedged

Total AuM of fund

€16M

Decimalisation of shares

Investment strategy

Tax optimisation

PEA

France

UK Reporting Status

United Kingdom

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Built for professionals: access exclusive fund metrics and selection tools in Trackinsight Enterprise.

Enterprise Fund page features include:

Legal documents

Powerful buy-list integration

Fund data exports

Advanced risk metrics

Advanced replication analysis

Advanced exposure look-through

Upload your own internal metrics

Custom data feature

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Enterprise

Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.

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Risk profile

Segment for quartile rank

Historical risk/return profile

	3M	1Y	3Y	5Y
Returns	+1.00%	+1.94%	N/A	N/A
Volatility
Perf./Volatility
Max drawdown

Create a free account to view risk/return table

Synthetic Risk and Reward Indicator (SRRI)

UCITS

PRIIPS

More exposure metrics are available, exclusively in Trackinsight Enterprise

Exposure

Countries

China

100.00%

Sectors

Sovereign

45.59%

Banks

25.93%

Unavailable

28.48%

Diversification

Total weight of top 15 holdings out of 150

Top 15 holdings

Data as of February 28, 2026

China, Bonds 3.19% 15apr2053, CNY

China, Bonds 3.81% 14sep2050, CNY

CND10009CBG1

China, Bonds 2.04% 25feb2027, CNY

China, Bonds 2.05% 15apr2029, CNY

CND1000926K6

China, Bonds 2.35% 25feb2034, CNY

CND10007WCS6

Create a free account to view top holdings

China, Bonds 2.62% 25jun2030, CNY

CND1000865T7

CND10007C5L3

China, Bonds 1.91% 15jul2029, CNY

China, Bonds 3.01% 13may2028, CNY

China, Bonds 2.68% 21may2030, CNY

China, Bonds 3.12% 25oct2052, CNY

Create a free account to view top holdings

More risk metrics are available, exclusively in Trackinsight Enterprise

Sustainability

Integrates ESG criteria

SDG

ESG Consensus® by Conser

Data as of December 31, 2025

Methodology

Our partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about H41U ETF's sustainability, based on their methodology.

Learn more about Conser

ESG Consensus®

ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.

H41U’s has a Final Sustainability Grade of either C+, C, C-, or D.

A+

A-

B+

B-

C+

C-

Conser website ESG Consensus® methodology

This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.

Learn more about Trackinsight Enterprise

Holdings review

36.95% of holdings have positive scoring

63.06% of holdings have negative scoring

13.50%

23.45%

63.06%

Consensus levels

Strong

Medium

Weak

More sustainability metrics are available, exclusively in Trackinsight Enterprise

Issuer

HSBC

HSBC ID Card

Number of funds

115

Total AuM

€42.5B

Expense ratio range

0.05% - 0.65%

Average expense ratio

0.2074%

View all HSBC funds

Top 5 funds by HSBC

		AuM
HMWO	HSBC MSCI World UCITS ETF	€11.89B
HSPD	HSBC S&P 500 UCITS ETF	€6.99B
HMEF	HSBC MSCI Emerging Markets UCITS ETF	€3.04B
HPRD	HSBC FTSE EPRA/NAREIT DEVELOPED UCITS ETF	€1.68B
HMWA	HSBC MSCI World UCITS ETF	€1.5B

Frequently asked questions about H41U

What does HSBC Global Funds ICAV - China Government Local Bond UCITS ETF, H41U, invest in?

H41U is a Passive ETF. This ETF provides exposure to Chinese Mixed Ratings Government Bonds.

Which benchmark or index does H41U replicate?

H41U tracks the Bloomberg China Treasury + Policy Bank Index - USD, through a full replication replication method.

What is the Total Expense ratio (TER) of H41U?

H41U carries a total expense ratio (TER) of 0.2001%, indicating the annual cost for holding the fund.

When was H41U launched?

H41U was introduced to the market on July 12, 2023. It trades on Ireland, among other exchanges

Who is the ETF issuer of H41U?

HSBC Global Funds ICAV - China Government Local Bond UCITS ETF, H41U, is provided by HSBC. Learn more about HSBC here.

Does H41U have multiple share classes?

Yes, H41U is available in multiple share classes, which may differ by distribution policy (e.g., accumulating vs. distributing), currency or hedging. Explore the different share classes .

What is the current assets under management (AUM) of H41U?

H41U oversees €268K in assets as of March 31, 2026.

How has H41U performed lately?

Based on data from March 31, 2026, H41U returned -0.25% over the past month, 1.00% over the last three months and 1.00% year-to-date.

Does H41U distribute dividends?

H41U follows a capitalizing, meaning it reinvests income within the fund.

What are the main country or region exposures of H41U?

As of February 28, 2026, H41U has significant geographic allocations in China.

In which sector or theme does H41U invest in?

As of February 28, 2026, H41U focuses largely on Sovereign and Banks.

How many securities does H41U hold and how diversified is it?

As of February 28, 2026, H41U holds 150 positions in its portfolio, with 22.72% of assets concentrated in its top 15 holdings.

What are the main positions in H41U?

As of February 28, 2026, H41U top three holdings include China, Bonds 3.19% 15apr2053, CNY, China, Bonds 3.81% 14sep2050, CNY and CND10009CBG1.

What is the base currency of H41U?

The base currency of H41U is EUR.

Is H41U currency-hedged?

H41U is hedged, meaning it seeks to minimize the impact of currency fluctuations between its base currency and the currency of the underlying assets.

About Trackinsight

Since our founding in 2016, we have been at the forefront of the industry, delivering accessible, comprehensive, and reliable tools to support the evolving needs of investors.

Over the past decade, Trackinsight has expanded its operations across six countries, serving thousands of professional investors. We’ve consistently innovated to provide cutting-edge solutions that meet the changing demands of the ETF market.

In 2024, Kepler Cheuvreux, a leading independent European financial services firm, acquired a majority stake in Trackinsight, becoming the company's principal shareholder.

This strategic partnership solidifies Trackinsight's position as a premier provider of ETF selection and analysis tools, while strengthening Kepler Cheuvreux’s commitment to becoming a leading player in the ETF sector.

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Don’t Miss a Move in the ETF Market

H41U ETF · HSBC Global Funds ICAV - China Government Local Bond UCITS ETF

Performance & flows

Historic performance and flows

Monthly performance and flows

Trading and listing info

Key fund info

Enterprise

Risk profile

Historical risk/return profile

Exposure

Sustainability

ESG Consensus® by Conser

Issuer

Frequently asked questions about H41U

What does HSBC Global Funds ICAV - China Government Local Bond UCITS ETF, H41U, invest in?

H41U is a Passive ETF. This ETF provides exposure to Chinese Mixed Ratings Government Bonds.

Which benchmark or index does H41U replicate?

H41U tracks the Bloomberg China Treasury + Policy Bank Index - USD, through a full replication replication method.

What is the Total Expense ratio (TER) of H41U?

H41U carries a total expense ratio (TER) of 0.2001%, indicating the annual cost for holding the fund.

When was H41U launched?

H41U was introduced to the market on July 12, 2023. It trades on Ireland, among other exchanges

Who is the ETF issuer of H41U?

HSBC Global Funds ICAV - China Government Local Bond UCITS ETF, H41U, is provided by HSBC. Learn more about HSBC here.

Does H41U have multiple share classes?

Yes, H41U is available in multiple share classes, which may differ by distribution policy (e.g., accumulating vs. distributing), currency or hedging. Explore the different share classes here.

What is the current assets under management (AUM) of H41U?

H41U oversees €268K in assets as of March 31, 2026.

How has H41U performed lately?

Based on data from March 31, 2026, H41U returned -0.25% over the past month, 1.00% over the last three months and 1.00% year-to-date.

Does H41U distribute dividends?

H41U follows a capitalizing, meaning it reinvests income within the fund.

What are the main country or region exposures of H41U?

As of February 28, 2026, H41U has significant geographic allocations in China.

In which sector or theme does H41U invest in?

As of February 28, 2026, H41U focuses largely on Sovereign and Banks.

How many securities does H41U hold and how diversified is it?

As of February 28, 2026, H41U holds 150 positions in its portfolio, with 22.72% of assets concentrated in its top 15 holdings.

What are the main positions in H41U?

As of February 28, 2026, H41U top three holdings include China, Bonds 3.19% 15apr2053, CNY, China, Bonds 3.81% 14sep2050, CNY and CND10009CBG1.

What is the base currency of H41U?

The base currency of H41U is EUR.

Is H41U currency-hedged?

H41U is hedged, meaning it seeks to minimize the impact of currency fluctuations between its base currency and the currency of the underlying assets.

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Yes, H41U is available in multiple share classes, which may differ by distribution policy (e.g., accumulating vs. distributing), currency or hedging. Explore the different share classes .