# Global Corporate Bond UCITS ETF - GBP (HCBG) **Page:** https://fundology.uk/fund/hcbg · ISIN IE0005FQHJC4 ## 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, HCBG (Global Corporate Bond UCITS ETF - GBP, ISIN IE0005FQHJC4) closed at £10.43 on the London Stock Exchange. Its ongoing charge is 0.13% a year (about £13 on £10,000). Over the three years to 13/11/2026 its total return was +8.9%, or −1.6% after UK CPIH inflation. ## Summary HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF - GBP is an exchange-traded fund (ETF) from HSBC, launched in 2023. It tracks the Bloomberg Global Aggregate - Corporate. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.13% a year — about £13 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year. Latest close: **£10.43** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HCBG | | ISIN | IE0005FQHJC4 | | Category | Corporate & other bonds | | Type | ETF | | Provider | HSBC | | Tracks | Bloomberg Global Aggregate - Corporate | | Income | Distributing | | Ongoing charge | 0.13% a year (£13 per £10,000) | | Fund size | £131m | | 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 | +2.40% | -1.22% | income reinvested | | 3 years | +8.90% | -1.61% | 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 Corporate Bond UCITS ETF - GBP in pounds (price only, income paid out not included): 2024 +0.1%, 2025 +2.3%; 2026 to 13/11/2026 −5.2%. Returns of HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF - GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −6.0%; to 30/09/2025: +0.3%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2024 | +0.1% | -3.3% | Price | | 2025 | +2.3% | -1.2% | Price | | 2026 to 13/11/2026 | -5.2% | -8.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 4.98% | -6.62% | | 3 years | 5.55% | -6.62% | ## Largest fall Volatility of HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF - GBP in pounds, annualised from weekly returns to 13/11/2026: 5.0% over 1 year, 5.5% over 3 years. Largest fall in the price of HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF - GBP since October 2023, in pounds: −6.6% from 30/01/2026 to 02/10/2026. The lowest 12-month return of HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF - GBP in pounds (price only, income paid out not included) since October 2023 was −5.8% (12 months to 02/10/2026); the highest was +10.5% (12 months to 18/10/2024). On 13/11/2026 the price of HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF - GBP was 5.7% below its highest weekly close since October 2023 (30/01/2026), in pounds. ## Charges compared with similar funds Ongoing charge of HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF - GBP 0.13% a year. Compared on 14/11/2026, 343 of the 427 other corporate and other bond funds charge more, 5 the same and 79 less (share classes counted once). ## Funds tracking the same index 9 funds track Bloomberg Global Aggregate - Corporate, this one included and share classes counted once; their ongoing charges range from 0.07% to 0.25% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Global Corporate Bond UCITS ETF USD | 0.13% | -0.1% | — | — | | HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF - GBP (this fund) | 0.13% | +2.4% | +8.9% | — | | iShares Global Corp Bond EUR Hedged UCITS ETF | 0.25% | -6.8% | +6.5% | -10.2% | | iShares Global Corp Bond UCITS ETF | 0.20% | -2.4% | +7.7% | -0.7% | | iShares Global Corp Bond UCITS ETF Acc | 0.20% | -1.5% | +8.8% | -1.1% | | iShares Global Corp Bond UCITS ETF Hedged GBP | 0.25% | +0.0% | +16.7% | -0.9% | | iShares Global Corp Bond UCITS ETF USD Hedged (Acc) | 0.25% | -0.3% | +8.8% | +3.2% | | Vanguard USD Corporate Bond UCITS ETF | 0.07% | -1.7% | — | — | | Vanguard USD Corporate Bond UCITS ETF Accum Unhedged USD | 0.07% | -1.3% | +8.8% | +1.3% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.13%** 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 HCBG?** The ongoing charge of HCBG is 0.13% a year — about £13 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 Corporate Bond UCITS ETF - GBP 0.13% a year. Compared on 14/11/2026, 343 of the 427 other corporate and other bond funds charge more, 5 the same and 79 less (share classes counted once). **What does HCBG track?** HCBG tracks the Bloomberg Global Aggregate - Corporate. **Is HCBG accumulating or distributing?** HCBG is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual. **What is the ISIN of HCBG?** The ISIN of HCBG is IE0005FQHJC4. An ISIN identifies one exact share class of a fund; HCBG is its ticker on the London Stock Exchange. **What were HCBG’s returns in each of the last five years?** Calendar-year returns of HCBG in pounds (price only, income paid out not included): 2024 +0.1%, 2025 +2.3%; 2026 to 13/11/2026 −5.2%. Past performance is not a guide to future returns. **How has HCBG done after inflation?** Over the three years to 13/11/2026 HCBG’s total return was +8.9%, or −1.6% 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/ie0005fqhjc4) - [Key investor information document (KIID)](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie0005fqhjc4/gb/en/kiid) - [Factsheet](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie0005fqhjc4/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.