# HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF Accum Shs USD (HIES) **Source:** https://fundology.uk/fund/hies · ISIN IE0009BC6K22 · 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, HIES (HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF, ISIN IE0009BC6K22) closed at £22.66 on the London Stock Exchange. Its ongoing charge is 0.51% a year (about £51 on £10,000). Over the three years to 30/09/2026 its total return was +120.1%, or +98.6% after UK CPIH inflation. ## Summary HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF Accum Shs USD is an exchange-traded fund (ETF) from HSBC, launched in 2023. It tracks the MSCI EM Emerging Market Islamic Universal Screened Select Capped 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 0.51% a year — about £51 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: **£22.66** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HIES | | ISIN | IE0009BC6K22 | | Category | Emerging markets | | Type | ETF | | Provider | HSBC | | Tracks | MSCI EM Emerging Market Islamic Universal Screened Select Capped Index - Benchmark TR Net | | Income | Accumulating | | Ongoing charge | 0.51% a year (£51 per £10,000) | | Fund size | £112m | | 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 | +84.71% | +78.91% | income reinvested | | 3 years | +120.13% | +98.64% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF Accum Shs USD in pounds (price, with income reinvested in the fund): 2024 −5.4%, 2025 +31.6%; 2026 to 30/09/2026 +68.1%. Returns of HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF Accum Shs USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +83.1%; to 30/09/2025: +7.9%; to 30/09/2024: +10.4%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2024 | -5.4% | -8.6% | Price | | 2025 | +31.6% | +27.0% | Price | | 2026 to 30/09/2026 | +68.1% | +63.4% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 31.42% | -18.90% | | 3 years | 21.52% | -21.28% | ## Largest fall Volatility of HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF Accum Shs USD in pounds, annualised from weekly returns to 30/09/2026: 31.4% over 1 year, 21.5% over 3 years. Largest fall in the price of HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF Accum Shs USD since January 2023, in pounds: −21.3% from 12/07/2024 to 04/04/2025. The lowest 12-month return of HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF Accum Shs USD in pounds (price, with income reinvested in the fund) since January 2023 was −15.6% (12 months to 11/04/2025); the highest was +131.6% (12 months to 19/06/2026). On 30/09/2026 the price of HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF Accum Shs USD was 7.9% below its highest weekly close since January 2023 (19/06/2026), in pounds. ## Charges compared with similar funds Ongoing charge of HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF Accum Shs USD 0.51% a year, as of 01/10/2026: 42 of the 140 other emerging-market share funds charge more, 0 the same and 98 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.51%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 28/09/2026): | Holding | Weight | |---|---| | SK hynix | 15.60% | | Samsung Electronics | 13.56% | | MediaTek | 4.85% | | Delta Electronics | 4.72% | | Samsung Electro-Mechanics | 2.49% | | Hon Hai Precision Industry | 2.43% | | United Microelectronics | 2.22% | | Al Rajhi Bank | 2.02% | | Samsung Electronics | 1.79% | | ASE Technology | 1.48% | ## 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 | |---|---| | South Korea | 40.3% | | Taiwan | 21.3% | | China | 10.6% | | India | 8.2% | | Saudi Arabia | 4.7% | | South Africa | 3.0% | | Mexico | 2.1% | | Brazil | 2.0% | | Other countries | 7.5% | | Not classified | 0.9% | All 326 holdings: https://fundology.uk/fund/hies/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.