# Global ESG Government Bond UCITS ETF (HSGU)

**Source:** https://fundology.uk/fund/hsgu · ISIN IE000NOLCFO5 · Data: TradingView (LSE closes and returns, delayed), issuer documents, 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 05/10/2026, HSGU (Global ESG Government Bond UCITS ETF, ISIN IE000NOLCFO5) closed at $10.74 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the three years to 05/10/2026 its total return was −6.6%, or −15.7% after UK CPIH inflation.

## Summary

HSBC Global Funds ICAV - Global ESG Government Bond UCITS ETF Accum Shs -ETFCH- USD is an exchange-traded fund (ETF) from HSBC, launched in 2023. It tracks the Bloomberg MSCI Global Treasury ESG Weighted Bond. 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: **$10.74** (05/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | HSGU |
| ISIN | IE000NOLCFO5 |
| Category | Government bonds |
| Type | ETF |
| Provider | HSBC |
| Tracks | Bloomberg MSCI Global Treasury ESG Weighted Bond |
| Income | Accumulating |
| Ongoing charge | 0.15% a year (£15 per £10,000) |
| Fund size | £168k |
| Launched | 2023 |
| Domicile | Ireland |

## Past returns (periods to 05/10/2026)

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 | +0.99% | -2.18% | income reinvested |
| 3 years | -6.62% | -15.74% | income reinvested |

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

## Charges compared with similar funds

Ongoing charge of HSBC Global Funds ICAV - Global ESG Government Bond UCITS ETF Accum Shs -ETFCH- USD 0.15% a year, as of 03/10/2026: 101 of the 280 other government bond funds charge more, 24 the same and 155 less (share classes counted once).

## Funds tracking the same index

2 funds track Bloomberg MSCI Global Treasury ESG Weighted Bond, this one included and share classes counted once; their ongoing charges range from 0.15% to 0.15% a year (02/10/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| HSBC Global Funds ICAV - Global ESG Government Bond UCITS ETF -ETFSHGBP- GBP | 0.15% | -0.4% | +1.8% | — |
| HSBC Global Funds ICAV - Global ESG Government Bond UCITS ETF Accum Shs -ETFCH- USD (this fund) | 0.15% | +0.3% | -7.5% | — |

Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

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

## Questions people ask

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

The ongoing charge of HSGU 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 Global Funds ICAV - Global ESG Government Bond UCITS ETF Accum Shs -ETFCH- USD 0.15% a year, as of 03/10/2026: 101 of the 280 other government bond funds charge more, 24 the same and 155 less (share classes counted once).

**What does HSGU track?**

HSGU tracks the Bloomberg MSCI Global Treasury ESG Weighted Bond.

**Is HSGU accumulating or distributing?**

HSGU 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 HSGU?**

The ISIN of HSGU is IE000NOLCFO5. An ISIN identifies one exact share class of a fund; HSGU is its ticker on the London Stock Exchange.

**How has HSGU done after inflation?**

Over the three years to 05/10/2026 HSGU’s total return was −6.6%, or −15.7% 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.