# Euro Government Bond UCITS ETF (HEGB) **Page:** https://fundology.uk/fund/hegb · ISIN IE00066KZ5B5 ## 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, HEGB (Euro Government Bond UCITS ETF, ISIN IE00066KZ5B5) closed at £8.25 on the London Stock Exchange. Its ongoing charge is 0.06% a year (about £6 on £10,000). Over the year to 13/11/2026 its total return was −5.8%, or −9.1% after UK CPIH inflation. ## Summary HSBC Global Funds ICAV - Euro Government Bond UCITS ETF is an exchange-traded fund (ETF) from HSBC, launched in 2025. It tracks the Bloomberg Euro Aggregate Treasury Index - EUR - Benchmark TR Gross. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.06% a year — about £6 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: **£8.25** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HEGB | | ISIN | IE00066KZ5B5 | | Category | Government bonds | | Type | ETF | | Provider | HSBC | | Tracks | Bloomberg Euro Aggregate Treasury Index - EUR - Benchmark TR Gross | | Income | Accumulating | | Ongoing charge | 0.06% a year (£6 per £10,000) | | Fund size | £84.6m | | Launched | 2025 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2025 | ## 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 | -5.81% | -9.14% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of HSBC Global Funds ICAV - Euro Government Bond UCITS ETF in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 −5.9%. Returns of HSBC Global Funds ICAV - Euro Government Bond UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −4.9%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2026 to 13/11/2026 | -5.9% | -8.9% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 6.33% | -9.12% | ## Largest fall Volatility of HSBC Global Funds ICAV - Euro Government Bond UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 6.3% over 1 year. Largest fall in the price of HSBC Global Funds ICAV - Euro Government Bond UCITS ETF since May 2025, in pounds: −9.1% from 27/02/2026 to 30/10/2026. On 13/11/2026 the price of HSBC Global Funds ICAV - Euro Government Bond UCITS ETF was 8.9% below its highest weekly close since May 2025 (27/02/2026), in pounds. ## Charges compared with similar funds Ongoing charge of HSBC Global Funds ICAV - Euro Government Bond UCITS ETF 0.06% a year. Compared on 14/11/2026, 272 of the 311 other government bond funds charge more, 26 the same and 13 less (share classes counted once). ## Funds tracking the same index 3 funds track Bloomberg Euro Aggregate Treasury Index - EUR - Benchmark TR Gross, this one included and share classes counted once; their ongoing charges range from 0.06% to 0.07% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | HSBC Global Funds ICAV - Euro Government Bond UCITS ETF (this fund) | 0.06% | -5.8% | — | — | | Vanguard EUR Eurozone Government Bond UCITS ETF | 0.07% | -8.0% | — | — | | Vanguard EUR Eurozone Government Bond UCITS ETF Accum Shs Unhedged EUR | 0.07% | -7.4% | +2.1% | -15.3% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.06%** per year - 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 HEGB?** The ongoing charge of HEGB is 0.06% a year — about £6 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 - Euro Government Bond UCITS ETF 0.06% a year. Compared on 14/11/2026, 272 of the 311 other government bond funds charge more, 26 the same and 13 less (share classes counted once). **What does HEGB track?** HEGB tracks the Bloomberg Euro Aggregate Treasury Index - EUR - Benchmark TR Gross. **Is HEGB accumulating or distributing?** HEGB 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 HEGB?** The ISIN of HEGB is IE00066KZ5B5. An ISIN identifies one exact share class of a fund; HEGB is its ticker on the London Stock Exchange. **What were HEGB’s returns in each of the last five years?** Calendar-year returns of HEGB in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 −5.9%. Past performance is not a guide to future returns. **How has HEGB done after inflation?** Over the year to 13/11/2026 HEGB’s total return was −5.8%, or −9.1% 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/ie00066kz5b5) - [Key investor information document (KIID)](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie00066kz5b5/gb/en/kiid) - [Factsheet](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie00066kz5b5/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.