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HCBU ETF · HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF
The HCBU Exchange Traded Fund (ETF) is provided by HSBC. It is built to track an index: Bloomberg 100% Global Aggregate Corporate Bond Index. The HCBU ETF provides physical exposure, so by buying it you actually own parts of all the 4,283 underlying holdings. The dividend policy is capitalization.
Share class
Acc
USD
Hedged
Last update 4/2/2026, 7:00 AM UTC
LIVE
CLOSED
This fund is part ofInternational Aggregate Bonds1M perf.-2.16%
Last price
$11.86
1M perf.
-1.36%
1M flows
N/A
AuM
€13M
E/R
0.13%
Rating
Not rated
ESG Consensus®
HCBU
$11.86
Performance & flows
Segment for quartile rank
January 2, 2026 → April 1, 2026
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HCBU
$11.85
-0.11%
International Aggregate Bonds
-0.52%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -1.36%  | -0.11% | +4.66%  | N/A | N/A | +0.22% | +0.22% | -0.32% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
4/1/2026
$11.85
1D NAV change
+0.22%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
4283
Inception date
10/11/2023
Jurisdiction
Ireland
Distribution
Norway
Bermuda
Finland
United Kingdom
Switzerland
Legal structure
Irish Collective Asset-management Vehicle
Base currency
USD
Classification
Product type
Benchmark
Bloomberg 100% Global Aggregate Corporate Bond Index
Asset class
Factors
N/A
Share class info
USD capitalizing hedged
Total AuM of fund
€160M
Decimalisation of shares
No
Investment strategy
The Fund aims to provide regular income and capital growth by tracking as closely as possible the performance of the Bloomberg Global Aggregate Corporate Bond Index.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | -0.11% | +4.66% | N/A | N/A |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
1
2
3
4
5
6
7
PRIIPS
1
2
3
4
5
6
7
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
USA
58.80%
France
6.00%
United Kingdom
5.88%
Canada
3.79%
Germany
2.67%
Switzerland
1.71%
Australia
1.50%
Netherlands
1.48%
Unavailable
7.23%
Other
10.94%
Sectors
Banks
16.78%
Power
6.53%
Insurance and reinsurance
4.79%
Pharmaceutical preparation and biotechnology
3.65%
Communication services
3.10%
Food and beverage production
2.97%
Oil and gas extraction and refining
2.40%
Real estate investment and services
2.30%
Unavailable
28.59%
Other
28.88%
Diversification
Total weight of top 15 holdings out of 4283
Top 15 holdings
Data as of February 28, 2026
Bank of America Corporation, 5.288% 25apr2034, USD (N)
UBS Group, 7.75% 1mar2029, EUR (9)
Wells Fargo, 5.574% 25jul2029, USD (W)
Roche Holdings Inc, 5.593% 13nov2033, USD
Banco Santander, 5.75% 23aug2033, EUR
Pfizer, 4.75% 19may2033, USD
The Home Depot, 4.95% 25jun2034, USD
Oracle, 6.9% 9nov2052, USD
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Humana Inc., 5.375% 15apr2031, USD
Citigroup, 6.02% 24jan2036, USD
JP Morgan, 5.534% 29nov2045, USD
FR001400YAD3
Florida Power & Light, 5.3% 15jun2034, USD
New York Life Global Funding, 5% 9jan2034, USD (2024-1)
Aon North America, 5.75% 1mar2054, USD
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More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
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 HCBU 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.
HCBU’s has a Final Sustainability Grade of either C+, C, C-, or D.
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
60.54% of holdings have positive scoring
39.46% of holdings have negative scoring
32.67%
23.51%
9.06%
22.93%
7.47%
Consensus levels
Strong
Medium
Weak
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
Not rated
Replication quality
Calculated over 12m, as of March 31, 2026
Tracking error
Tracking difference
Replication information
Index
Bloomberg 100% Global Aggregate Corporate Bond Index - USD Hedged
Index ticker
LGCPTRUH Index
Index dividend policy
GTR
Replication method
Replication model
More replication analysis are available, exclusively in Trackinsight Enterprise
Issuer
HSBC
HSBC ID Card
Number of funds
115
Total AuM
€43.37B
Expense ratio range
0.05% - 0.65%
Average expense ratio
0.2074%
Top 5 funds by HSBC
| AuM | ||
|---|---|---|
HMWO | HSBC MSCI World UCITS ETF | €12.09B |
HSPD | HSBC S&P 500 UCITS ETF | €7.05B |
HMEF | HSBC MSCI Emerging Markets UCITS ETF | €3.12B |
HPRD | HSBC FTSE EPRA/NAREIT DEVELOPED UCITS ETF | €1.71B |
HMWA | HSBC MSCI World UCITS ETF | €1.53B |
Frequently asked questions about HCBU
What does HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF, HCBU, invest in?
HCBU is a Passive ETF. This ETF provides exposure to Global Investment Grade Aggregate Bonds.
Which benchmark or index does HCBU replicate?
HCBU tracks the Bloomberg 100% Global Aggregate Corporate Bond Index - USD Hedged, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of HCBU?
HCBU carries a total expense ratio (TER) of 0.13%, indicating the annual cost for holding the fund.
When was HCBU launched?
HCBU was introduced to the market on October 11, 2023. It trades on Norway, among other exchanges
Who is the ETF issuer of HCBU?
HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF, HCBU, is provided by HSBC. Learn more about HSBC here.
Does HCBU have multiple share classes?
Yes, HCBU 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 HCBU?
HCBU oversees €13M in assets as of April 1, 2026.
How has HCBU performed lately?
Based on data from April 1, 2026, HCBU returned -1.36% over the past month, -0.11% over the last three months and -0.32% year-to-date.
Does HCBU distribute dividends?
HCBU follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of HCBU?
As of February 28, 2026, HCBU has significant geographic allocations in USA, France and United Kingdom.
In which sector or theme does HCBU invest in?
As of February 28, 2026, HCBU focuses largely on Banks, Power and Insurance and reinsurance.
How many securities does HCBU hold and how diversified is it?
As of February 28, 2026, HCBU holds 4283 positions in its portfolio, with 3.06% of assets concentrated in its top 15 holdings.
What are the main positions in HCBU?
As of February 28, 2026, HCBU top three holdings include Bank of America Corporation, 5.288% 25apr2034, USD (N), UBS Group, 7.75% 1mar2029, EUR (9) and Wells Fargo, 5.574% 25jul2029, USD (W).
What is the base currency of HCBU?
The base currency of HCBU is USD.
Is HCBU currency-hedged?
HCBU 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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