ETF · HSBC
HPNS HSBC FTSE EPRA NAREIT Developed Climate Paris Aligned UCITS ETF AccumUSD
ISIN IE00096S6AV7London Stock Exchange: HPNSHSBC Holdings Plc
- Property & infrastructure
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£9.78
on
- Ongoing charge
- 0.35% a year
- Fund size
- £47.0m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, HPNS (HSBC FTSE EPRA NAREIT Developed Climate Paris Aligned UCITS ETF AccumUSD, ISIN IE00096S6AV7) closed at £9.78 on the London Stock Exchange. Its ongoing charge is 0.35% a year (about £35 on £10,000). Over the year to 13/11/2026 its total return was +7.5%, or +3.6% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +7.5%
- +3.6% after inflation (UK CPIH)
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of HSBC FTSE EPRA NAREIT Developed Climate Paris Aligned UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund): 2025 −2.1%; 2026 to 13/11/2026 +11.5%. Returns of HSBC FTSE EPRA NAREIT Developed Climate Paris Aligned UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +2.6%; to 30/09/2025: −4.7%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +11.5% | +7.9% | |
| to | −2.1% | −5.5% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +2.6% | −1.1% |
| from | −4.7% | −8.4% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
13.7%over 1 year
Annualised from weekly returns. Higher means bumpier.
- Largest fall since March 2024
- −15.5%
- From to
- Lowest 12-month return
- −7.2%
- 12 months to
- Highest 12-month return
- +15.7%
- 12 months to
- Below its highest weekly close since March 2024
- 3.8%
- High of , latest
In words: Volatility of HSBC FTSE EPRA NAREIT Developed Climate Paris Aligned UCITS ETF AccumUSD in pounds, annualised from weekly returns to 13/11/2026: 13.7% over 1 year. Largest fall in the price of HSBC FTSE EPRA NAREIT Developed Climate Paris Aligned UCITS ETF AccumUSD since March 2024, in pounds: −15.5% from 13/09/2024 to 11/04/2025. The lowest 12-month return of HSBC FTSE EPRA NAREIT Developed Climate Paris Aligned UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) since March 2024 was −7.2% (12 months to 12/09/2025); the highest was +15.7% (12 months to 31/07/2026). On 13/11/2026 the price of HSBC FTSE EPRA NAREIT Developed Climate Paris Aligned UCITS ETF AccumUSD was 3.8% below its highest weekly close since March 2024 (24/07/2026), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.35%
- a year
- On £10,000
- £35
- a year, roughly
- Over five years
- £174
- of £10,000, before growth
- 8 charge less
- 2 the same
- 35 charge more
Ongoing charge of HSBC FTSE EPRA NAREIT Developed Climate Paris Aligned UCITS ETF AccumUSD 0.35% a year. Compared on 14/11/2026, 35 of the 45 other property and infrastructure funds charge more, 2 the same and 8 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
HSBC FTSE EPRA NAREIT Developed Climate Paris Aligned UCITS ETF AccumUSD is an exchange-traded fund (ETF) from HSBC, launched in 2024.
It tracks the FTSE EPRA Nareit Developed Green EU PAB Index - Benchmark TR Net.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.35% a year — about £35 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.
Property & infrastructure: Property companies (REITs) and infrastructure such as energy networks, roads and data centres.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- HPNS
- ISIN
- IE00096S6AV7
- Also listed as
- HPNA (London Stock Exchange, US dollars)
- Provider
- HSBC
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.35% a year · about £35 on £10,000
- Fund size
- £47.0m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Property & infrastructure
Price chart
Over the last year, the closing price went from £9.02 on 14/11/2025 to £9.78 on 13/11/2026 (+8.4%). The lowest close shown was £8.73 on 26/12/2025 and the highest £10.17 on 24/07/2026.
One close a week. Before 16/09/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
139 weekly closes, from 15/03/2024 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 233
- 247 reported in all
- Ten largest
- 43.9%
- of the whole fund
- Effective number of holdings
- 35
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 10.2%
- Welltower
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | WelltowerWELLUnited States | 10.18% |
| 2 | Public StoragePSAUnited States | 5.97% |
| 3 | Swiss Prime SiteSPSNSwitzerland | 3.96% |
| 4 | Vivmark ResidentialVMRKUnited States | 3.92% |
| 5 | Realty IncomeOUnited States | 3.80% |
| 6 | Host Hotels & ResortsHSTUnited States | 3.59% |
| 7 | Invitation HomesINVHUnited States | 3.51% |
| 8 | Extra Space StorageEXRUnited States | 3.43% |
| 9 | VonoviaVNAGermany | 2.84% |
| 10 | Iron Mountain Incorporated (Delaware)IRMUnited States | 2.67% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By country
- United States59.1%
- Switzerland7.0%
- United Kingdom6.3%
- France5.9%
- Sweden4.7%
- Germany3.5%
- Singapore3.5%
- Japan3.1%
- Other countries6.0%
- Not classified0.9%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 247 holdings; the ten largest make up 43.9% of it. The fund's portfolio is also split by currency.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Sector split
As a share of the whole fund. 94.9% of it is classified by sector; bonds, cash and positions that cannot be matched are left out rather than guessed.
- Finance94.0%
- Transportation0.4%
- Technology Services0.3%
- Retail Trade0.1%
- Consumer Services0.1%
- Miscellaneous0.0%
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
2 funds track FTSE EPRA Nareit Developed Green EU PAB Index - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.35% to 0.35% a year (13/11/2026).
| Fund | Charge | 1 year |
|---|---|---|
| HSBC FTSE EPRA NAREIT Developed Climate Paris Aligned UCITS ETF Accum- USDDistributing · 0.35% a year | 0.35% | +7.4% |
| HSBC FTSE EPRA NAREIT Developed Climate Paris Aligned UCITS ETF AccumUSDThis fundAccumulating · 0.35% a year | 0.35% | +7.5% |
As of
FTSE EPRA Nareit Developed Green EU PAB funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 year, from weekly returns in pounds.
With a free accountRolling returns
The full range of 87 rolling 12-month returns since March 2024, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since March 2024, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI World UCITS ETF, over the three years to 13/11/2026 (135 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of HPNS?
The ongoing charge of HPNS is 0.35% a year — about £35 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 FTSE EPRA NAREIT Developed Climate Paris Aligned UCITS ETF AccumUSD 0.35% a year. Compared on 14/11/2026, 35 of the 45 other property and infrastructure funds charge more, 2 the same and 8 less (share classes counted once).
What does HPNS track?
HPNS tracks the FTSE EPRA Nareit Developed Green EU PAB Index - Benchmark TR Net.
Is HPNS accumulating or distributing?
HPNS 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 HPNS?
The ISIN of HPNS is IE00096S6AV7. An ISIN identifies one exact share class of a fund; HPNS is its ticker on the London Stock Exchange. The same share class is also listed as HPNA (London Stock Exchange, US dollars).
What does HPNS hold?
As of 06/11/2026, HPNS holds 247 positions, according to its published holdings. The largest is Welltower at 10.18% of the fund; the ten largest make up 43.9%. Its ten largest holdings are Welltower (10.18%), Public Storage (5.97%), Swiss Prime Site (3.96%), Vivmark Residential (3.92%), Realty Income (3.80%), Host Hotels & Resorts (3.59%), Invitation Homes (3.51%), Extra Space Storage (3.43%), Vonovia (2.84%) and Iron Mountain Incorporated (Delaware) (2.67%).
What were HPNS’s returns in each of the last five years?
Calendar-year returns of HPNS in pounds (price, with income reinvested in the fund): 2025 −2.1%; 2026 to 13/11/2026 +11.5%. Past performance is not a guide to future returns.
How has HPNS done after inflation?
Over the year to 13/11/2026 HPNS’s total return was +7.5%, or +3.6% after UK CPIH inflation. Past performance is not a guide to future returns.
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- 0VQMUBS ETF (CH) SXI Real Estate Funds (CHF) A-dis1.05% a year · £1.5bn
- IWDPiShares Developed Markets Property Yield UCITS ETF0.59% a year · £682m
- HPRSHSBC FTSE EPRA/NAREIT DEVELOPED UCITS ETF Acc0.32% a year · £679m
- IPRPiShares European Property Yield UCITS ETF EUR0.40% a year · £635m
- PAVEGlobal X U.S. Infrastructure Development UCITS ETF AccumUSD0.47% a year · £574m
Fund documents and methods
- Fund documents
- Fund page at HSBC Asset Management · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.