# HSBC Global Funds ICAV - Global Sukuk UCITS ETF Accum Shs -ETFC- USD (HBKS) **Source:** https://fundology.uk/fund/hbks · ISIN IE000E8WZD37 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## 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 30/09/2026, HBKS (Global Sukuk UCITS ETF, ISIN IE000E8WZD37) closed at £8.48 on the London Stock Exchange. Its ongoing charge is 0.40% a year (about £40 on £10,000). Over the three years to 30/09/2026 its total return was −0.5%, or −10.2% 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 0.4% a year — about £40 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: **£8.48** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HBKS | | ISIN | IE000E8WZD37 | | Category | Corporate & other bonds | | Type | ETF | | Provider | HSBC | | Tracks | FTSE IdealRatings Sukuk Index | | Income | Accumulating | | Ongoing charge | 0.40% a year (£40 per £10,000) | | Fund size | £27.6m | | Launched | 2023 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +0.42% | -2.73% | income reinvested | | 3 years | -0.53% | -10.24% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS 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 +4.0%, 2025 +0.2%; 2026 to 30/09/2026 −0.3%. 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: −0.5%; to 30/09/2025: +4.3%; to 30/09/2024: +0.4%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2024 | +4.0% | +0.5% | Price | | 2025 | +0.2% | -3.3% | Price | | 2026 to 30/09/2026 | -0.3% | -3.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.63% | -4.52% | | 3 years | 6.22% | -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 30/09/2026: 5.6% over 1 year, 6.2% 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 30/09/2026 the price of HSBC Global Funds ICAV - Global Sukuk UCITS ETF Accum Shs -ETFC- USD was 3.4% 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 0.40% a year, as of 01/10/2026: 84 of the 383 other corporate and other bond funds charge more, 9 the same and 290 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 0.38% to 0.40% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Global Sukuk UCITS ETF -ETFS- USD | 0.40% | -0.7% | — | — | | Global Sukuk UCITS ETF Accum -CH- GBP | 0.38% | — | — | — | | HSBC Global Funds ICAV - Global Sukuk UCITS ETF Accum Shs -ETFC- USD (this fund) | 0.40% | +0.4% | -0.5% | — | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.40%** per year - ISA eligible: yes - SIPP eligible: yes --- 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.