New
Trackinsight is part of ETF One, the fully integrated ETF platform of Kepler Cheuvreux. Learn more →
Help us improve your experience. Please confirm your investor type:
ETF What's Up
Don’t Miss a Move in the ETF Market
Sign up and keep track of everything that moved the ETF industry this week. From new launches to regulatory shifts across the Atlantic.
HGAD ETF · HSBC Global Funds ICAV - Global Aggregate Bond UCITS ETF
The HGAD Exchange Traded Fund (ETF) is provided by HSBC. It is built to track an index: Bloomberg Global Aggregate Bond Index. The HGAD ETF provides physical exposure, so by buying it you actually own parts of all the 5,048 underlying holdings. The dividend policy is capitalization.
Share class
Acc
USD
Hedged
Last update 3/16/2026, 8:00 AM UTC
LIVE
CLOSED
This fund is part ofInternational Aggregate Bonds1M perf.-2.24%
Last price
$10.89
+0.30%
1M perf.
-0.86%
1M flows
+€139K
AuM
€25M
E/R
0.1%
Rating
Not rated
ESG Consensus®
HGAD
$10.89
+0.30%
Performance & flows
Segment for quartile rank
December 17, 2025 → March 17, 2026
Create a free account to view the flows graph
HGAD
$10.90
+0.49%
International Aggregate Bonds
-0.07%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -0.86%  | +0.49%  | +4.47%  | N/A | N/A | -1.31% | +0.31% | +0.31%  | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
3/17/2026
$10.90
1D NAV change
+0.18%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
5048
Inception date
5/20/2024
Jurisdiction
Ireland
Distribution
France
Italy
Ireland
Spain
Switzerland
Legal structure
Irish Collective Asset-management Vehicle
Base currency
USD
Classification
Product type
Asset class
Factors
N/A
Share class info
USD capitalizing hedged
Total AuM of fund
€36M
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 Bond Index.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
Create a free Trackinsight Essentials account to unlock insights
Access exclusive metrics and features to support your investment decisions.
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
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 EnterpriseAdvertisement
Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +0.49% | +4.47% | 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
1
2
3
4
5
6
7
PRIIPS
1
2
3
4
5
6
7
Built for professionals: access exclusive risk 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 EnterpriseExposure
Countries
USA
46.09%
China
9.38%
Japan
7.55%
France
4.79%
Germany
4.25%
United Kingdom
3.91%
Canada
3.33%
Italy
2.92%
Unavailable
1.70%
Other
16.09%
Sectors
Sovereign
46.33%
Banks
9.53%
Other sectors
3.43%
Other financial institutions
1.67%
Municipal
1.67%
Power
1.55%
Unavailable
25.73%
Other
10.08%
Diversification
Total weight of top 15 holdings out of 5048
Top 15 holdings
Data as of January 31, 2026
US36202FUF16
US36179UH706
China Development Bank, 2.52% 25may2028, CNY
US31427MN493
US3132DWHT36
China Development Bank, 2.73% 11jan2028, CNY
CND1000926K6
US36179YRH98
Create a free account to view top holdings
China, Bonds 2.8% 25mar2030, CNY
China, Bonds 2.04% 25feb2027, CNY
US31418EU999
CND10009MKH9
US36179VVX53
China, Bonds 2.55% 15oct2028, CNY
G2 MA8348, 5% 20oct2052, USD (ABS)
Create a free account to view top holdings
Built for professionals: access exclusive exposure 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 EnterpriseSustainability
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 HGAD 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.
HGAD’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
85.80% of holdings have positive scoring
14.20% of holdings have negative scoring
24.20%
52.74%
8.86%
10.80%
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 Global Aggregate USD Hedged Total Return Index - USD Hedged
Index ticker
LEGATRUH Index
Index dividend policy
GTR
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 HGAD
What does HSBC Global Funds ICAV - Global Aggregate Bond UCITS ETF, HGAD, invest in?
HGAD is a Passive ETF. This ETF provides exposure to Global Investment Grade Aggregate Bonds.
Which benchmark or index does HGAD replicate?
HGAD tracks the Bloomberg Global Aggregate USD Hedged Total Return Index - USD Hedged, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of HGAD?
HGAD carries a total expense ratio (TER) of 0.1%, indicating the annual cost for holding the fund.
When was HGAD launched?
HGAD was introduced to the market on May 20, 2024. It trades on France, among other exchanges
Who is the ETF issuer of HGAD?
HSBC Global Funds ICAV - Global Aggregate Bond UCITS ETF, HGAD, is provided by HSBC. Learn more about HSBC here.
Does HGAD have multiple share classes?
Yes, HGAD 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 HGAD?
HGAD oversees €25M in assets as of March 17, 2026.
How has HGAD performed lately?
Based on data from March 17, 2026, HGAD returned -0.86% over the past month, 0.49% over the last three months and 0.31% year-to-date.
What are the latest inflows or outflows for HGAD?
As of March 17, 2026, HGAD recorded net flows of +€141K over the last month and +€2.9M year-to-date.
Does HGAD distribute dividends?
HGAD follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of HGAD?
As of January 31, 2026, HGAD has significant geographic allocations in USA, China and Japan.
In which sector or theme does HGAD invest in?
As of January 31, 2026, HGAD focuses largely on Sovereign, Banks and Other sectors.
How many securities does HGAD hold and how diversified is it?
As of January 31, 2026, HGAD holds 5048 positions in its portfolio, with 3.90% of assets concentrated in its top 15 holdings.
What are the main positions in HGAD?
As of January 31, 2026, HGAD top three holdings include US36202FUF16, US36179UH706 and China Development Bank, 2.52% 25may2028, CNY.
What is the base currency of HGAD?
The base currency of HGAD is USD.
Is HGAD currency-hedged?
HGAD is hedged, meaning it seeks to minimize the impact of currency fluctuations between its base currency and the currency of the underlying assets.
Advertisement
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.
Together, we are committed to offering advanced services that empower professional investors, advisors, institutions, and issuers. This new step enables us to deliver even more comprehensive and innovative technological solutions, driving ETF investing to new heights.
More about TrackinsightETF TOOLS
PLATFORM
ETF NEWS & RESEARCH
© 2014-2026 Trackinsight SA. All rights reserved.
Privacy policy | Cookie policy | | Terms of use | Imprint
Privacy policy | Cookie policy | | Terms of use | Imprint
