# HSBC Global Funds ICAV US Treasury Bond UCITS ETF (HUST) **Page:** https://fundology.uk/fund/hust · ISIN IE000D2UDLG6 ## 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, HUST (HSBC Global Funds ICAV US Treasury Bond UCITS ETF, ISIN IE000D2UDLG6) closed at £7.80 on the London Stock Exchange. Its ongoing charge is 0.06% a year (about £6 on £10,000). Over the year to 13/11/2026 its total return was +0.1%, or −3.4% after UK CPIH inflation. ## Summary HSBC Global Funds ICAV US Treasury Bond UCITS ETF is an exchange-traded fund (ETF) from HSBC, launched in 2025. It tracks the Bloomberg US Treasury Index - Benchmark TR Gross. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.06% a year — about £6 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: **£7.80** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HUST | | ISIN | IE000D2UDLG6 | | Category | Government bonds | | Type | ETF | | Provider | HSBC | | Tracks | Bloomberg US Treasury Index - Benchmark TR Gross | | Income | Accumulating | | Ongoing charge | 0.06% a year (£6 per £10,000) | | Fund size | £908k | | Launched | 2025 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 17/03/2025 | ## 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 | +0.14% | -3.41% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of HSBC Global Funds ICAV US Treasury Bond UCITS ETF in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +0.6%. Returns of HSBC Global Funds ICAV US Treasury Bond UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −0.7%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2026 to 13/11/2026 | +0.6% | -2.6% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.81% | -4.86% | ## Largest fall Volatility of HSBC Global Funds ICAV US Treasury Bond UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 5.8% over 1 year. Largest fall in the price of HSBC Global Funds ICAV US Treasury Bond UCITS ETF since May 2025, in pounds: −4.9% from 21/11/2025 to 30/01/2026. On 13/11/2026 the price of HSBC Global Funds ICAV US Treasury Bond UCITS ETF was 2.6% below its highest weekly close since May 2025 (21/11/2025), in pounds. ## Charges compared with similar funds Ongoing charge of HSBC Global Funds ICAV US Treasury Bond UCITS ETF 0.06% a year. Compared on 14/11/2026, 272 of the 311 other government bond funds charge more, 26 the same and 13 less (share classes counted once). ## Funds tracking the same index 4 funds track Bloomberg US Treasury Index - Benchmark TR Gross, this one included and share classes counted once; their ongoing charges range from 0.05% to 0.10% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi Core US Treasury Bond UCITS ETF Dist- Distribution | 0.05% | -2.2% | +3.6% | -2.8% | | HSBC Global Funds ICAV US Treasury Bond UCITS ETF (this fund) | 0.06% | +0.1% | — | — | | Invesco Markets II PLC - Invesco US Treasury Bond UCITS ETF GBP Hedged | 0.10% | -1.5% | +8.7% | -6.9% | | Invesco US Treasury Bond UCITS ETF Accum USD | 0.06% | -2.1% | -0.9% | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.06%** per year - 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. ## Questions people ask **What is the ongoing charge of HUST?** The ongoing charge of HUST is 0.06% a year — about £6 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 US Treasury Bond UCITS ETF 0.06% a year. Compared on 14/11/2026, 272 of the 311 other government bond funds charge more, 26 the same and 13 less (share classes counted once). **What does HUST track?** HUST tracks the Bloomberg US Treasury Index - Benchmark TR Gross. **Is HUST accumulating or distributing?** HUST 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 HUST?** The ISIN of HUST is IE000D2UDLG6. An ISIN identifies one exact share class of a fund; HUST is its ticker on the London Stock Exchange. **What were HUST’s returns in each of the last five years?** Calendar-year returns of HUST in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +0.6%. Past performance is not a guide to future returns. **How has HUST done after inflation?** Over the year to 13/11/2026 HUST’s total return was +0.1%, or −3.4% 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/ie000d2udlg6) - [Key investor information document (KIID)](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie000d2udlg6/gb/en/kiid) - [Factsheet](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie000d2udlg6/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.