# China Government Local Bond UCITS ETF Accum-ETFCH- USD (HCGU)

**Source:** https://fundology.uk/fund/hcgu · ISIN IE0004A007J3 · 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, HCGU (China Government Local Bond UCITS ETF Accum-ETFCH- USD, ISIN IE0004A007J3) closed at $12.13 on the London Stock Exchange. Its ongoing charge is 0.82% a year (about £82 on £10,000). Over the three years to 30/09/2026 its total return was −1.6%, or −11.2% after UK CPIH inflation.

## Summary

China Government Local Bond UCITS ETF Accum-ETFCH- USD is an exchange-traded fund (ETF) from HSBC, launched in 2023. It tracks the Bloomberg China Treasury + Policy Bank. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.82% a year — about £82 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: **$12.13** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | HCGU |
| ISIN | IE0004A007J3 |
| Category | Government bonds |
| Type | ETF |
| Provider | HSBC |
| Tracks | Bloomberg China Treasury + Policy Bank |
| Income | Accumulating |
| Ongoing charge | 0.82% a year (£82 per £10,000) |
| Fund size | £259k |
| 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 | +6.95% | +3.60% | income reinvested |
| 3 years | -1.57% | -11.18% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Charges compared with similar funds

Ongoing charge of China Government Local Bond UCITS ETF Accum-ETFCH- USD 0.82% a year, as of 01/10/2026: 1 of the 274 other government bond funds charge more, 1 the same and 272 less (share classes counted once).

## Funds tracking the same index

5 funds track Bloomberg China Treasury + Policy Bank, this one included and share classes counted once; their ongoing charges range from 0.35% to 0.82% a year (30/09/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| China Government Local Bond UCITS ETF Accum-ETFC- USD | 0.60% | +10.9% | +3.3% | — |
| China Government Local Bond UCITS ETF Accum-ETFCH- USD (this fund) | 0.82% | +7.0% | -1.6% | — |
| China Government Local Bond UCITS ETF Accum-ETFSHGBP- GBP | 0.82% | +6.5% | +7.5% | — |
| iShares China CNY Bond UCITS ETF Hedged GBP | 0.40% | +5.4% | +21.6% | +6.9% |
| iShares China CNY Bond UCITS ETF USD | 0.35% | +11.2% | +13.1% | +19.8% |

Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.82%** per year
- ISA eligible: yes
- SIPP eligible: yes

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.