# HSBC MSCI USA Quality UCITS ETF USD (HMUS) **Page:** https://fundology.uk/fund/hmus · ISIN IE00B5WFQ436 ## 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, HMUS (HSBC MSCI USA Quality UCITS ETF USD, ISIN IE00B5WFQ436) closed at £55.07 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the five years to 13/11/2026 its total return was +69.1%, or +32.0% after UK CPIH inflation. ## Summary HSBC MSCI USA Quality UCITS ETF USD is an exchange-traded fund (ETF) from HSBC, launched in 2010. It tracks the MSCI USA Sector Neutral Quality. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.15% a year — about £15 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: **£55.07** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HMUS | | ISIN | IE00B5WFQ436 | | Also listed as | HMUD (London Stock Exchange, US dollars) | | Category | US shares | | Type | ETF | | Provider | HSBC | | Tracks | MSCI USA Sector Neutral Quality | | Income | Distributing | | Ongoing charge | 0.15% a year (£15 per £10,000) | | Fund size | £211m | | Launched | 2010 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 02/06/2010 | ## 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 | +14.46% | +10.41% | income reinvested | | 3 years | +62.76% | +47.05% | income reinvested | | 5 years | +69.07% | +31.97% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of HSBC MSCI USA Quality UCITS ETF USD in pounds (price only, income paid out not included): 2022 −11.6%, 2023 +19.2%, 2024 +27.1%, 2025 +3.1%; 2026 to 13/11/2026 +15.5%. Returns of HSBC MSCI USA Quality UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +15.6%; to 30/09/2025: +14.4%; to 30/09/2024: +21.4%; to 30/09/2023: +7.6%; to 30/09/2022: +1.2%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -11.6% | -19.1% | Price | | 2023 | +19.2% | +14.4% | Price | | 2024 | +27.1% | +22.7% | Price | | 2025 | +3.1% | -0.4% | Price | | 2026 to 13/11/2026 | +15.5% | +11.8% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 10.59% | -5.74% | | 3 years | 12.64% | -19.52% | | 5 years | 13.53% | -19.52% | ## Largest fall Volatility of HSBC MSCI USA Quality UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 10.6% over 1 year, 12.6% over 3 years, 13.5% over 5 years. Largest fall in the price of HSBC MSCI USA Quality UCITS ETF USD since November 2021, in pounds: −19.5% from 17/01/2025 to 18/04/2025. The lowest 12-month return of HSBC MSCI USA Quality UCITS ETF USD in pounds (price only, income paid out not included) since January 2021 was −11.6% (12 months to 30/12/2022); the highest was +32.4% (12 months to 22/11/2024). On 13/11/2026 the price of HSBC MSCI USA Quality UCITS ETF USD was 0.8% below its highest weekly close since November 2021 (09/10/2026), in pounds. ## Charges compared with similar funds Ongoing charge of HSBC MSCI USA Quality UCITS ETF USD 0.15% a year. Compared on 14/11/2026, 152 of the 254 other US share funds charge more, 15 the same and 87 less (share classes counted once). ## Funds tracking the same index 3 funds track MSCI USA Sector Neutral Quality, this one included and share classes counted once; their ongoing charges range from 0.15% to 0.20% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | HSBC MSCI USA Quality UCITS ETF USD (this fund) | 0.15% | +14.5% | +62.8% | +69.1% | | iShares Edge MSCI USA Quality Factor UCITS ETF | 0.20% | +14.6% | +55.4% | +66.2% | | iShares Edge MSCI USA Quality Factor UCITS ETF Dist | 0.20% | +15.2% | +55.5% | +66.7% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.15%** per year (as of 09/10/2026) - 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. ## What it holds As of 06/11/2026, HMUS holds 118 positions, according to its published holdings. The largest is Microsoft at 8.23% of the fund; the ten largest make up 44.0%. ### Top holdings Largest positions (as of 06/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 8.23% | | 2 | Apple | [AAPL](https://fundology.uk/stock/AAPL) | 7.41% | | 3 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 5.48% | | 4 | Eli Lilly | [LLY](https://fundology.uk/stock/LLY) | 4.35% | | 5 | Meta Platforms · Class A | [META](https://fundology.uk/stock/META) | 4.07% | | 6 | Visa · Class A | [V](https://fundology.uk/stock/V) | 3.68% | | 7 | TJX Companies | [TJX](https://fundology.uk/stock/TJX) | 3.44% | | 8 | Mastercard · Class A | [MA](https://fundology.uk/stock/MA) | 2.62% | | 9 | Lam Research | [LRCX](https://fundology.uk/stock/LRCX) | 2.40% | | 10 | ExxonMobil | [XOM](https://fundology.uk/stock/XOM) | 2.35% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By country Added up from the fund’s published holdings, as of 03/11/2026. | Country | Weight | |---|---| | United States | 99.4% | | Switzerland | 0.4% | | Not classified | 0.2% | All 118 holdings: https://fundology.uk/fund/hmus/holdings ## Questions people ask **What is the ongoing charge of HMUS?** The ongoing charge of HMUS is 0.15% a year — about £15 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 MSCI USA Quality UCITS ETF USD 0.15% a year. Compared on 14/11/2026, 152 of the 254 other US share funds charge more, 15 the same and 87 less (share classes counted once). **What does HMUS track?** HMUS tracks the MSCI USA Sector Neutral Quality. **Is HMUS accumulating or distributing?** HMUS is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly. **What is the ISIN of HMUS?** The ISIN of HMUS is IE00B5WFQ436. An ISIN identifies one exact share class of a fund; HMUS is its ticker on the London Stock Exchange. The same share class is also listed as HMUD (London Stock Exchange, US dollars). **What does HMUS hold?** As of 06/11/2026, HMUS holds 118 positions, according to its published holdings. The largest is Microsoft at 8.23% of the fund; the ten largest make up 44.0%. Its ten largest holdings are Microsoft (8.23%), Apple (7.41%), NVIDIA (5.48%), Eli Lilly (4.35%), Meta Platforms · Class A (4.07%), Visa · Class A (3.68%), TJX Companies (3.44%), Mastercard · Class A (2.62%), Lam Research (2.40%) and ExxonMobil (2.35%). **What were HMUS’s returns in each of the last five years?** Calendar-year returns of HMUS in pounds (price only, income paid out not included): 2022 −11.6%, 2023 +19.2%, 2024 +27.1%, 2025 +3.1%; 2026 to 13/11/2026 +15.5%. Past performance is not a guide to future returns. **How has HMUS done after inflation?** Over the five years to 13/11/2026 HMUS’s total return was +69.1%, or +32.0% 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/ie00b5wfq436) - [Key investor information document (KIID)](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie00b5wfq436/gb/en/kiid) - [Factsheet](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie00b5wfq436/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.