# HSBC MSCI Emerging Markets Value Screened UCITS ETF Accum Shs USD (HEVS) **Source:** https://fundology.uk/fund/hevs · ISIN IE000NVVIF88 · 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, HEVS (HSBC MSCI Emerging Markets Value Screened UCITS ETF, ISIN IE000NVVIF88) closed at £20.36 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 +81.1%, or +63.4% after UK CPIH inflation. ## Summary HSBC MSCI Emerging Markets Value Screened UCITS ETF Accum Shs USD is an exchange-traded fund (ETF) from HSBC, launched in 2022. It tracks the MSCI Emerging Markets Value Select Screens Advanced Index - Benchmark TR Net — companies in emerging economies such as China, India, Taiwan and Brazil. 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: **£20.36** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HEVS | | ISIN | IE000NVVIF88 | | Category | Emerging markets | | Type | ETF | | Provider | HSBC | | Tracks | MSCI Emerging Markets Value Select Screens Advanced Index - Benchmark TR Net | | Income | Accumulating | | Ongoing charge | 0.40% a year (£40 per £10,000) | | Fund size | £87.3m | | Launched | 2022 | | 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 | +52.30% | +47.52% | income reinvested | | 3 years | +81.09% | +63.41% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of HSBC MSCI Emerging Markets Value Screened UCITS ETF Accum Shs USD in pounds (price, with income reinvested in the fund): 2023 +9.6%, 2024 +12.8%, 2025 +25.5%; 2026 to 30/09/2026 +44.5%. Returns of HSBC MSCI Emerging Markets Value Screened UCITS ETF Accum Shs USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +54.0%; to 30/09/2025: +16.7%; to 30/09/2024: +19.4%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2023 | +9.6% | +5.2% | Price | | 2024 | +12.8% | +8.9% | Price | | 2025 | +25.5% | +21.2% | Price | | 2026 to 30/09/2026 | +44.5% | +40.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 20.49% | -10.73% | | 3 years | 16.26% | -13.15% | ## Largest fall Volatility of HSBC MSCI Emerging Markets Value Screened UCITS ETF Accum Shs USD in pounds, annualised from weekly returns to 30/09/2026: 20.5% over 1 year, 16.3% over 3 years. Largest fall in the price of HSBC MSCI Emerging Markets Value Screened UCITS ETF Accum Shs USD since December 2022, in pounds: −13.2% from 21/02/2025 to 11/04/2025. The lowest 12-month return of HSBC MSCI Emerging Markets Value Screened UCITS ETF Accum Shs USD in pounds (price, with income reinvested in the fund) since December 2022 was −3.6% (12 months to 19/01/2024); the highest was +78.2% (12 months to 19/06/2026). On 30/09/2026 the price of HSBC MSCI Emerging Markets Value Screened UCITS ETF Accum Shs USD was 1.4% below its highest weekly close since December 2022 (19/06/2026), in pounds. ## Charges compared with similar funds Ongoing charge of HSBC MSCI Emerging Markets Value Screened UCITS ETF Accum Shs USD 0.40% a year, as of 01/10/2026: 62 of the 140 other emerging-market share funds charge more, 5 the same and 73 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.40%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 28/09/2026): | Holding | Weight | |---|---| | TSMC | 15.68% | | SK hynix | 7.45% | | Samsung Electronics | 7.43% | | Samsung Electronics | 3.33% | | China Construction Bank · Class H | 2.92% | | United Microelectronics | 2.46% | | Industrial and Commercial Bank of China · Class H | 2.44% | | Bank Of China · Class H | 1.81% | | Hon Hai Precision Industry | 1.75% | | Emaar Properties PJSC | 1.70% | ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By country Added up from the holdings HSBC publishes, as of 28/09/2026. | Country | Weight | |---|---| | Taiwan | 29.5% | | China | 24.5% | | South Korea | 22.1% | | India | 8.0% | | South Africa | 3.1% | | Brazil | 2.5% | | Saudi Arabia | 2.3% | | United Arab Emirates | 1.9% | | Other countries | 6.0% | | Not classified | 1.1% | All 222 holdings: https://fundology.uk/fund/hevs/holdings --- 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.