# HSBC MSCI JAPAN CLIMATE PARIS ALIGNED UCITS ETF AccumUSD (HPJS)

**Page:** https://fundology.uk/fund/hpjs · ISIN IE000UU299V4

## 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, HPJS (HSBC MSCI JAPAN CLIMATE PARIS ALIGNED UCITS ETF AccumUSD, ISIN IE000UU299V4) closed at £13.95 on the London Stock Exchange. Its ongoing charge is 0.18% a year (about £18 on £10,000). Over the five years to 13/11/2026 its total return was +21.0%, or −5.5% after UK CPIH inflation.

## Summary

HSBC MSCI JAPAN CLIMATE PARIS ALIGNED UCITS ETF AccumUSD is an exchange-traded fund (ETF) from HSBC, launched in 2021. It tracks the MSCI Japan Climate Paris Aligned Index — large and medium-sized Japanese companies. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.18% a year — about £18 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: **£13.95** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | HPJS |
| ISIN | IE000UU299V4 |
| Also listed as | HPJP (London Stock Exchange, US dollars), HJAP (Xetra, euros) |
| Category | Sustainable & clean energy |
| Type | ETF |
| Provider | HSBC |
| Tracks | MSCI Japan Climate Paris Aligned Index |
| Income | Accumulating |
| Ongoing charge | 0.18% a year (£18 per £10,000) |
| Fund size | £10.4m |
| Launched | 2021 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 10/11/2021 |

## 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 | +2.86% | -0.78% | income reinvested |
| 3 years | +28.79% | +16.36% | income reinvested |
| 5 years | +21.04% | -5.52% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of HSBC MSCI JAPAN CLIMATE PARIS ALIGNED UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund): 2022 −15.0%, 2023 +9.9%, 2024 −0.8%, 2025 +14.4%; 2026 to 13/11/2026 +6.8%. Returns of HSBC MSCI JAPAN CLIMATE PARIS ALIGNED UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +11.9%; to 30/09/2025: +10.7%; to 30/09/2024: +7.8%; to 30/09/2023: +3.8%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -15.0% | -22.2% | Price |
| 2023 | +9.9% | +5.5% | Price |
| 2024 | -0.8% | -4.2% | Price |
| 2025 | +14.4% | +10.4% | Price |
| 2026 to 13/11/2026 | +6.8% | +3.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 19.57% | -12.22% |
| 3 years | 16.59% | -16.80% |
| 5 years | 16.08% | -24.44% |

## Largest fall

Volatility of HSBC MSCI JAPAN CLIMATE PARIS ALIGNED UCITS ETF AccumUSD in pounds, annualised from weekly returns to 13/11/2026: 19.6% over 1 year, 16.6% over 3 years, 16.1% over 5 years. Largest fall in the price of HSBC MSCI JAPAN CLIMATE PARIS ALIGNED UCITS ETF AccumUSD since November 2021, in pounds: −24.4% from 19/11/2021 to 17/06/2022. The lowest 12-month return of HSBC MSCI JAPAN CLIMATE PARIS ALIGNED UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) since November 2021 was −17.2% (12 months to 16/12/2022); the highest was +31.6% (12 months to 19/06/2026). On 13/11/2026 the price of HSBC MSCI JAPAN CLIMATE PARIS ALIGNED UCITS ETF AccumUSD was 6.1% below its highest weekly close since November 2021 (19/06/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of HSBC MSCI JAPAN CLIMATE PARIS ALIGNED UCITS ETF AccumUSD 0.18% a year. Compared on 14/11/2026, 144 of the 177 other sustainable and clean-energy funds charge more, 13 the same and 20 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.18%** 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, HPJS holds 45 positions, according to its published holdings. The largest is Advantest at 6.62% of the fund; the ten largest make up 45.3%.

### Top holdings

Largest positions (as of 06/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Advantest | [6857](https://fundology.uk/stock/6857) | 6.62% |
| 2 | East Japan Railway | [9020](https://fundology.uk/stock/9020) | 5.44% |
| 3 | Fast Retailing | [9983](https://fundology.uk/stock/9983) | 4.98% |
| 4 | Chugai Pharmaceutical | [4519](https://fundology.uk/stock/4519) | 4.55% |
| 5 | Sumitomo Realty & Development | [8830](https://fundology.uk/stock/8830) | 4.28% |
| 6 | Mitsui Fudosan | [8801](https://fundology.uk/stock/8801) | 4.10% |
| 7 | Sompo | [8630](https://fundology.uk/stock/8630) | 3.96% |
| 8 | Nomura Research Institute | [4307](https://fundology.uk/stock/4307) | 3.90% |
| 9 | Fanuc | [6954](https://fundology.uk/stock/6954) | 3.79% |
| 10 | Tokio Marine | [8766](https://fundology.uk/stock/8766) | 3.66% |

All 45 holdings: https://fundology.uk/fund/hpjs/holdings

## Questions people ask

**What is the ongoing charge of HPJS?**

The ongoing charge of HPJS is 0.18% a year — about £18 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 JAPAN CLIMATE PARIS ALIGNED UCITS ETF AccumUSD 0.18% a year. Compared on 14/11/2026, 144 of the 177 other sustainable and clean-energy funds charge more, 13 the same and 20 less (share classes counted once).

**What does HPJS track?**

HPJS tracks the MSCI Japan Climate Paris Aligned Index — large and medium-sized Japanese companies.

**Is HPJS accumulating or distributing?**

HPJS 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 HPJS?**

The ISIN of HPJS is IE000UU299V4. An ISIN identifies one exact share class of a fund; HPJS is its ticker on the London Stock Exchange. The same share class is also listed as HPJP (London Stock Exchange, US dollars) and HJAP (Xetra, euros).

**What does HPJS hold?**

As of 06/11/2026, HPJS holds 45 positions, according to its published holdings. The largest is Advantest at 6.62% of the fund; the ten largest make up 45.3%. Its ten largest holdings are Advantest (6.62%), East Japan Railway (5.44%), Fast Retailing (4.98%), Chugai Pharmaceutical (4.55%), Sumitomo Realty & Development (4.28%), Mitsui Fudosan (4.10%), Sompo (3.96%), Nomura Research Institute (3.90%), Fanuc (3.79%) and Tokio Marine (3.66%).

**What were HPJS’s returns in each of the last five years?**

Calendar-year returns of HPJS in pounds (price, with income reinvested in the fund): 2022 −15.0%, 2023 +9.9%, 2024 −0.8%, 2025 +14.4%; 2026 to 13/11/2026 +6.8%. Past performance is not a guide to future returns.

**How has HPJS done after inflation?**

Over the five years to 13/11/2026 HPJS’s total return was +21.0%, or −5.5% 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/ie000uu299v4)
- [Key investor information document (KIID)](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie000uu299v4/gb/en/kiid)
- [Factsheet](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie000uu299v4/gb/en/factsheet)
- Links checked 12/10/2026.

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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.