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H4ZK ETF · HSBC Euro Lower Carbon Government 1-3 Year Bond UCITS ETF
The H4ZK Exchange Traded Fund (ETF) is provided by HSBC. It is built to track an index: Bloomberg Euro Government 1-3 Year Lower Carbon Index. The H4ZK ETF provides physical exposure, so by buying it you actually own parts of all the 88 underlying holdings. The dividend policy is capitalization.
Real-time data unavailable for H4ZK
LIVE
CLOSED
This fund is part ofEUR Govs1M perf.-3.66%
Last price
N/A
1M perf.
-0.57%
1M flows
+€420K
AuM
€73M
E/R
0.14%
Rating
Not rated
ESG Consensus®
H4ZK
N/A
Performance & flows
Segment for quartile rank
December 17, 2025 → March 17, 2026
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H4ZK
€10.22
+0.05%
EUR Govs
-1.43%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -0.57%  | +0.05% | +1.77%  | N/A | N/A | -0.68% | -0.08% | -0.08% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
3/17/2026
€10.22
1D NAV change
+0.05%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
88
Inception date
1/23/2025
Jurisdiction
Ireland
Distribution
Luxembourg
Italy
Ireland
Germany
Spain
Legal structure
Irish Collective Asset-management Vehicle
Base currency
EUR
Classification
Product type
Benchmark
Bloomberg Euro Government 1-3 Year Lower Carbon Index
Asset class
Factors
N/A
Investment strategy
The Fund tracks as closely as possible the performance of the Bloomberg Euro Government 1-3 Year Lower Carbon Index (the Index)
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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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +0.05% | +1.77%  | N/A | N/A |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Enterprise
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Countries
France
35.06%
Italy
24.00%
Spain
17.11%
Germany
10.97%
Portugal
3.17%
Netherlands
1.94%
Austria
1.68%
Belgium
1.59%
Finland
1.22%
Other
3.26%
Sectors
Sovereign
98.88%
Unavailable
1.12%
Diversification
Total weight of top 15 holdings out of 88
Top 15 holdings
Data as of January 31, 2026
France, OAT 2.75% 25oct2027, EUR
France, OAT 0.75% 25may2028, EUR
France, OAT 0.75% 25nov2028, EUR
France, OAT 0.75% 25feb2028, EUR
France, OAT 0% 25feb2027, EUR (2191D)
France, OAT 2.4% 24sep2028, EUR
France, OAT 1% 25may2027, EUR
France, OAT 2.5% 24sep2027, EUR
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Spain, OBL 0% 31jan2028, EUR
Spain, OBL 1.4% 30apr2028, EUR
Spain, OBL 1.5% 30apr2027, EUR
Italy, BTP 0.85% 15jan2027, EUR
Spain, OBL 5.15% 31oct2028, EUR
Spain, OBL 1.45% 31oct2027, EUR
Spain, OBL 1.4% 30jul2028, EUR
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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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Integrates ESG criteria
Yes
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about H4ZK ETF's sustainability, based on their methodology.
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.
H4ZK’s has a Final Sustainability Grade of either A+, A, or A-.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
100.00% of holdings have positive scoring
57.52%
42.48%
Consensus levels
Strong
Medium
Weak
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Not rated
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
Bloomberg Euro Government 1-3 Year Lower Carbon Index - EUR
Index ticker
I38894EU Index
Index dividend policy
NTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
HSBC
HSBC ID Card
Number of funds
114
Total AuM
€44.26B
Expense ratio range
0.05% - 0.65%
Average expense ratio
0.2076%
Top 5 funds by HSBC
| AuM | ||
|---|---|---|
HMWO | HSBC MSCI World UCITS ETF | €12.27B |
HSPD | HSBC S&P 500 UCITS ETF | €7.21B |
HMEF | HSBC MSCI Emerging Markets UCITS ETF | €3.26B |
HPRD | HSBC FTSE EPRA/NAREIT DEVELOPED UCITS ETF | €1.77B |
HMWA | HSBC MSCI World UCITS ETF | €1.53B |
Frequently asked questions about H4ZK
What does HSBC Euro Lower Carbon Government 1-3 Year Bond UCITS ETF, H4ZK, invest in?
H4ZK is a Passive ETF. This ETF provides exposure to Eurozone Investment Grade Government Bonds.
Which benchmark or index does H4ZK replicate?
H4ZK tracks the Bloomberg Euro Government 1-3 Year Lower Carbon Index - EUR, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of H4ZK?
H4ZK carries a total expense ratio (TER) of 0.14%, indicating the annual cost for holding the fund.
When was H4ZK launched?
H4ZK was introduced to the market on January 23, 2025. It trades on Luxembourg, among other exchanges
Who is the ETF issuer of H4ZK?
HSBC Euro Lower Carbon Government 1-3 Year Bond UCITS ETF, H4ZK, is provided by HSBC. Learn more about HSBC here.
What is the current assets under management (AUM) of H4ZK?
H4ZK oversees €73M in assets as of March 17, 2026.
How has H4ZK performed lately?
Based on data from March 17, 2026, H4ZK returned -0.57% over the past month, 0.05% over the last three months and -0.08% year-to-date.
What are the latest inflows or outflows for H4ZK?
As of March 17, 2026, H4ZK recorded net flows of +€420K over the last month and +€3.4M year-to-date.
Does H4ZK distribute dividends?
H4ZK follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of H4ZK?
As of January 31, 2026, H4ZK has significant geographic allocations in France, Italy and Spain.
In which sector or theme does H4ZK invest in?
As of January 31, 2026, H4ZK focuses largely on Sovereign.
How many securities does H4ZK hold and how diversified is it?
As of January 31, 2026, H4ZK holds 88 positions in its portfolio, with 48.99% of assets concentrated in its top 15 holdings.
What are the main positions in H4ZK?
As of January 31, 2026, H4ZK top three holdings include France, OAT 2.75% 25oct2027, EUR, France, OAT 0.75% 25may2028, EUR and France, OAT 0.75% 25nov2028, EUR.
What is the base currency of H4ZK?
The base currency of H4ZK is EUR.
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