# HSBC FTSE EPRA/NAREIT Developed UCITS ETF (HPRO) **Page:** https://fundology.uk/fund/hpro · ISIN IE00B5L01S80 ## 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, HPRO (HSBC FTSE EPRA/NAREIT Developed UCITS ETF, ISIN IE00B5L01S80) closed at £17.72 on the London Stock Exchange. Its ongoing charge is 0.32% a year (about £32 on £10,000). Over the five years to 13/11/2026 its total return was +3.7%, or −19.1% after UK CPIH inflation. ## Summary HSBC FTSE EPRA/NAREIT Developed UCITS ETF is an exchange-traded fund (ETF) from HSBC, launched in 2011. It tracks the FTSE EPRA Nareit Developed. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.32% a year — about £32 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: **£17.72** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HPRO | | ISIN | IE00B5L01S80 | | Also listed as | HPRD (London Stock Exchange, US dollars), H4ZL (Xetra, euros) | | Category | Property & infrastructure | | Type | ETF | | Provider | HSBC | | Tracks | FTSE EPRA Nareit Developed | | Income | Distributing | | Ongoing charge | 0.32% a year (£32 per £10,000) | | Fund size | £2.0bn | | Launched | 2011 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 20/06/2011 | ## 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 | +6.84% | +3.06% | income reinvested | | 3 years | +31.62% | +18.92% | income reinvested | | 5 years | +3.65% | -19.09% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of HSBC FTSE EPRA/NAREIT Developed UCITS ETF in pounds (price only, income paid out not included): 2022 −18.3%, 2023 +1.1%, 2024 −0.4%, 2025 −2.6%; 2026 to 13/11/2026 +7.3%. Returns of HSBC FTSE EPRA/NAREIT Developed UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +0.8%; to 30/09/2025: −3.5%; to 30/09/2024: +13.3%; to 30/09/2023: −10.5%; to 30/09/2022: −8.3%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -18.3% | -25.2% | Price | | 2023 | +1.1% | -3.0% | Price | | 2024 | -0.4% | -3.8% | Price | | 2025 | -2.6% | -5.9% | Price | | 2026 to 13/11/2026 | +7.3% | +3.9% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 13.33% | -10.88% | | 3 years | 13.14% | -15.62% | | 5 years | 14.43% | -29.88% | ## Largest fall Volatility of HSBC FTSE EPRA/NAREIT Developed UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 13.3% over 1 year, 13.1% over 3 years, 14.4% over 5 years. Largest fall in the price of HSBC FTSE EPRA/NAREIT Developed UCITS ETF since November 2021, in pounds: −29.9% from 31/12/2021 to 27/10/2023. The lowest 12-month return of HSBC FTSE EPRA/NAREIT Developed UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −22.3% (12 months to 18/08/2023); the highest was +22.4% (12 months to 07/01/2022). On 13/11/2026 the price of HSBC FTSE EPRA/NAREIT Developed UCITS ETF was 14.1% below its highest weekly close since November 2021 (31/12/2021), in pounds. ## Charges compared with similar funds Ongoing charge of HSBC FTSE EPRA/NAREIT Developed UCITS ETF 0.32% a year. Compared on 14/11/2026, 39 of the 45 other property and infrastructure funds charge more, 1 the same and 5 less (share classes counted once). ## Funds tracking the same index 3 funds track FTSE EPRA Nareit Developed, this one included and share classes counted once; their ongoing charges range from 0.24% to 0.32% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi FTSE EPRA Nareit Global -UCITS ETF DR- Capitalisation | 0.24% | +6.7% | +26.0% | +2.2% | | HSBC FTSE EPRA/NAREIT Developed UCITS ETF (this fund) | 0.32% | +6.8% | +31.6% | +3.7% | | HSBC FTSE EPRA/NAREIT DEVELOPED UCITS ETF Acc | 0.32% | +6.9% | — | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.32%** per year (as of 13/11/2026) - 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, HPRO holds 349 positions, according to its published holdings. The largest is Welltower at 8.82% of the fund; the ten largest make up 38.9%. ### Top holdings Largest positions (as of 06/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Welltower | [WELL](https://fundology.uk/stock/WELL) | 8.82% | | 2 | Prologis | [PLD](https://fundology.uk/stock/PLD) | 6.00% | | 3 | Equinix | [EQIX](https://fundology.uk/stock/EQIX) | 4.98% | | 4 | Simon Property Group | [SPG](https://fundology.uk/stock/SPG) | 3.64% | | 5 | Digital Realty Trust | [DLR](https://fundology.uk/stock/DLR) | 3.22% | | 6 | Public Storage | [PSA](https://fundology.uk/stock/PSA) | 2.83% | | 7 | Realty Income | [O](https://fundology.uk/stock/O) | 2.75% | | 8 | Vivmark Residential | [VMRK](https://fundology.uk/stock/VMRK) | 2.48% | | 9 | Ventas | [VTR](https://fundology.uk/stock/VTR) | 2.26% | | 10 | Goodman Group | [GMG](https://fundology.uk/stock/GMG) | 1.91% | ## 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 06/11/2026. | Country | Weight | |---|---| | United States | 65.8% | | Japan | 8.0% | | Australia | 5.6% | | United Kingdom | 3.5% | | Singapore | 3.3% | | Hong Kong | 2.8% | | Canada | 1.9% | | France | 1.6% | | Other countries | 6.4% | | Not classified | 0.9% | The 346 holdings on record (of 349 reported): https://fundology.uk/fund/hpro/holdings ## Questions people ask **What is the ongoing charge of HPRO?** The ongoing charge of HPRO is 0.32% a year — about £32 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 UCITS ETF 0.32% a year. Compared on 14/11/2026, 39 of the 45 other property and infrastructure funds charge more, 1 the same and 5 less (share classes counted once). **What does HPRO track?** HPRO tracks the FTSE EPRA Nareit Developed. **Is HPRO accumulating or distributing?** HPRO 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 HPRO?** The ISIN of HPRO is IE00B5L01S80. An ISIN identifies one exact share class of a fund; HPRO is its ticker on the London Stock Exchange. The same share class is also listed as HPRD (London Stock Exchange, US dollars) and H4ZL (Xetra, euros). **What does HPRO hold?** As of 06/11/2026, HPRO holds 349 positions, according to its published holdings. The largest is Welltower at 8.82% of the fund; the ten largest make up 38.9%. Its ten largest holdings are Welltower (8.82%), Prologis (6.00%), Equinix (4.98%), Simon Property Group (3.64%), Digital Realty Trust (3.22%), Public Storage (2.83%), Realty Income (2.75%), Vivmark Residential (2.48%), Ventas (2.26%) and Goodman Group (1.91%). **What were HPRO’s returns in each of the last five years?** Calendar-year returns of HPRO in pounds (price only, income paid out not included): 2022 −18.3%, 2023 +1.1%, 2024 −0.4%, 2025 −2.6%; 2026 to 13/11/2026 +7.3%. Past performance is not a guide to future returns. **How has HPRO done after inflation?** Over the five years to 13/11/2026 HPRO’s total return was +3.7%, or −19.1% 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/ie00b5l01s80) - [Key investor information document (KIID)](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie00b5l01s80/gb/en/kiid) - [Factsheet](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie00b5l01s80/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.