# HSBC Plus USA Equity Quant Active UCITS ETF AccumUSD (HQUS)

**Source:** https://fundology.uk/fund/hqus · ISIN IE0008JXFQK8 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (HSBC), 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 01/10/2026, HQUS (HSBC Plus USA Equity Quant Active UCITS ETF AccumUSD, ISIN IE0008JXFQK8) closed at £10.01 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the year to 01/10/2026 its total return was +14.6%, or +11.0% after UK CPIH inflation.

## Summary

HSBC Plus USA Equity Quant Active UCITS ETF AccumUSD is an exchange-traded fund (ETF) from HSBC, launched in 2025. It tracks the No Underlying Index. 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 reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **£10.01** (01/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | HQUS |
| ISIN | IE0008JXFQK8 |
| Category | US shares |
| Type | ETF |
| Provider | HSBC |
| Income | Accumulating |
| Ongoing charge | 0.15% a year (£15 per £10,000) |
| Fund size | £76.5m |
| Launched | 2025 |
| Domicile | Ireland |

## Past returns (periods to 01/10/2026)

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 | +14.60% | +11.01% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Charges compared with similar funds

Ongoing charge of HSBC Plus USA Equity Quant Active UCITS ETF AccumUSD 0.15% a year, as of 02/10/2026: 119 of the 208 other US share funds charge more, 13 the same and 76 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.15%** per year
- ISA eligible: yes
- SIPP eligible: yes

## What it holds

As of 28/09/2026, HQUS holds 330 positions, according to the holdings HSBC publishes. The largest is NVIDIA at 8.77% of the fund; the ten largest make up 40.1%.

### Top holdings

Largest positions (as of 28/09/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 8.77% |
| 2 | Apple | [AAPL](https://fundology.uk/stock/AAPL) | 7.64% |
| 3 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 5.92% |
| 4 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 3.52% |
| 5 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 3.12% |
| 6 | Alphabet · Class C | [GOOG](https://fundology.uk/stock/GOOG) | 2.60% |
| 7 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 2.53% |
| 8 | Meta Platforms · Class A | [META](https://fundology.uk/stock/META) | 2.33% |
| 9 | Micron Technology | [MU](https://fundology.uk/stock/MU) | 1.85% |
| 10 | Berkshire Hathaway · Class B | [BRK.B](https://fundology.uk/stock/BRK.B) | 1.83% |

Source: HSBC, holdings as published, as of 28/09/2026.

## 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 |
|---|---|
| United States | 99.3% |
| Switzerland | 0.3% |
| China | 0.2% |
| Ireland | 0.1% |
| Mexico | 0.1% |
| Not classified | 0.6% |

All 330 holdings: https://fundology.uk/fund/hqus/holdings

## Questions people ask

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

The ongoing charge of HQUS 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 Plus USA Equity Quant Active UCITS ETF AccumUSD 0.15% a year, as of 02/10/2026: 119 of the 208 other US share funds charge more, 13 the same and 76 less (share classes counted once).

**Is HQUS accumulating or distributing?**

HQUS 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 HQUS?**

The ISIN of HQUS is IE0008JXFQK8. An ISIN identifies one exact share class of a fund; HQUS is its ticker on the London Stock Exchange.

**What does HQUS hold?**

As of 28/09/2026, HQUS holds 330 positions, according to the holdings HSBC publishes. The largest is NVIDIA at 8.77% of the fund; the ten largest make up 40.1%. Its ten largest holdings are NVIDIA (8.77%), Apple (7.64%), Microsoft (5.92%), Amazon (3.52%), Alphabet · Class A (3.12%), Alphabet · Class C (2.60%), Broadcom (2.53%), Meta Platforms · Class A (2.33%), Micron Technology (1.85%) and Berkshire Hathaway · Class B (1.83%).

**How has HQUS done after inflation?**

Over the year to 01/10/2026 HQUS’s total return was +14.6%, or +11.0% after UK CPIH inflation. Past performance is not a guide to future returns.

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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.