# Global Sukuk UCITS ETF (HBKS) **Page:** https://fundology.uk/fund/hbks · ISIN IE000E8WZD37 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, HBKS (Global Sukuk UCITS ETF, ISIN IE000E8WZD37) closed at £8.55 on the London Stock Exchange. Its ongoing charge is 0.37% a year (about £37 on £10,000). Over the three years to 13/11/2026 its total return was −0.3%, or −9.9% after UK CPIH inflation. ## Summary HSBC Global Funds ICAV - Global Sukuk UCITS ETF Accum Shs -ETFC- USD is an exchange-traded fund (ETF) from HSBC, launched in 2023. It tracks the FTSE IdealRatings Sukuk Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.37% a year — about £37 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **£8.55** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HBKS | | ISIN | IE000E8WZD37 | | Also listed as | HBKU (London Stock Exchange, US dollars) | | Category | Corporate & other bonds | | Type | ETF | | Provider | HSBC | | Tracks | FTSE IdealRatings Sukuk Index | | Income | Accumulating | | Ongoing charge | 0.37% a year (£37 per £10,000) | | Fund size | £38.3m | | Launched | 2023 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2023 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | -1.72% | -5.20% | income reinvested | | 3 years | -0.32% | -9.95% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of HSBC Global Funds ICAV - Global Sukuk UCITS ETF Accum Shs -ETFC- USD in pounds (price, with income reinvested in the fund): 2024 +5.6%, 2025 −0.9%; 2026 to 13/11/2026 0.0%. Returns of HSBC Global Funds ICAV - Global Sukuk UCITS ETF Accum Shs -ETFC- USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: 0.0%; to 30/09/2025: +3.9%; to 30/09/2024: +0.4%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2024 | +5.6% | +2.0% | Price | | 2025 | -0.9% | -4.3% | Price | | 2026 to 13/11/2026 | +0.0% | -3.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.34% | -4.45% | | 3 years | 6.09% | -7.96% | ## Largest fall Volatility of HSBC Global Funds ICAV - Global Sukuk UCITS ETF Accum Shs -ETFC- USD in pounds, annualised from weekly returns to 13/11/2026: 5.3% over 1 year, 6.1% over 3 years. Largest fall in the price of HSBC Global Funds ICAV - Global Sukuk UCITS ETF Accum Shs -ETFC- USD since September 2023, in pounds: −8.0% from 17/01/2025 to 27/06/2025. The lowest 12-month return of HSBC Global Funds ICAV - Global Sukuk UCITS ETF Accum Shs -ETFC- USD in pounds (price, with income reinvested in the fund) since September 2023 was −3.9% (12 months to 30/01/2026); the highest was +8.2% (12 months to 17/01/2025). On 13/11/2026 the price of HSBC Global Funds ICAV - Global Sukuk UCITS ETF Accum Shs -ETFC- USD was 2.6% below its highest weekly close since September 2023 (17/01/2025), in pounds. ## Charges compared with similar funds Ongoing charge of HSBC Global Funds ICAV - Global Sukuk UCITS ETF Accum Shs -ETFC- USD 0.37% a year. Compared on 14/11/2026, 112 of the 427 other corporate and other bond funds charge more, 2 the same and 313 less (share classes counted once). ## Funds tracking the same index 3 funds track FTSE IdealRatings Sukuk Index, this one included and share classes counted once; their ongoing charges range from 0.37% to 0.38% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Global Sukuk UCITS ETF -ETFS- USD | 0.37% | -1.2% | — | — | | Global Sukuk UCITS ETF Accum -CH- GBP | 0.38% | — | — | — | | HSBC Global Funds ICAV - Global Sukuk UCITS ETF Accum Shs -ETFC- USD (this fund) | 0.37% | -1.7% | -0.3% | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.37%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## Questions people ask **What is the ongoing charge of HBKS?** The ongoing charge of HBKS is 0.37% a year — about £37 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of HSBC Global Funds ICAV - Global Sukuk UCITS ETF Accum Shs -ETFC- USD 0.37% a year. Compared on 14/11/2026, 112 of the 427 other corporate and other bond funds charge more, 2 the same and 313 less (share classes counted once). **What does HBKS track?** HBKS tracks the FTSE IdealRatings Sukuk Index. **Is HBKS accumulating or distributing?** HBKS is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of HBKS?** The ISIN of HBKS is IE000E8WZD37. An ISIN identifies one exact share class of a fund; HBKS is its ticker on the London Stock Exchange. The same share class is also listed as HBKU (London Stock Exchange, US dollars). **What were HBKS’s returns in each of the last five years?** Calendar-year returns of HBKS in pounds (price, with income reinvested in the fund): 2024 +5.6%, 2025 −0.9%; 2026 to 13/11/2026 0.0%. Past performance is not a guide to future returns. **How has HBKS done after inflation?** Over the three years to 13/11/2026 HBKS’s total return was −0.3%, or −9.9% after UK CPIH inflation. Past performance is not a guide to future returns. ## Fund documents - [Fund page at HSBC Asset Management](https://www.assetmanagement.hsbc.co.uk/en/individual-investor/funds/ie000e8wzd37) - [Key investor information document (KIID)](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie000e8wzd37/gb/en/kiid) - [Factsheet](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie000e8wzd37/gb/en/factsheet) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.