Title: 

URL Source: https://api.fundinfo.com/document/a129d2a63f213ff4c338e0f50807e34d_390239/MR_GB_en_IE0008JXFQK8_YES_2025-05-31.pdf?apiKey=b9934aa2-1a83-4286-b11b-c8415da9e581

Published Time: Thu, 26 Jun 2025 12:19:54 GMT

Markdown Content:
# HSBC ETFs PLC 

# HSBC PLUS USA Equity Quant Active 

# UCITS ETF 

Marketing communication | Monthly report 31 May 2025 | HQUD LN | USD Acc 

This product is based overseas and is not subject to UK sustainable investment labelling and disclo sure requirements. 

Past performance does not predict future returns. The figures are calculated in the share class bas e currency, dividend rein vested, net 

of fees. 

This is a marketing communication. Please refer to the prospectus and to the KID before making any final investment decision s. 

For definition of terms, please refer to the Glossary QR code and Prospectus. 

Performance figures will only be published once the share class has achieved a twelve months track record. 

Source: HSBC Asset Management, data as at 31 May 2025 

# Investment objective 

The Fund aims to provide long -term capital growth. 

# Investment strategy 

The Fund usually invests a minimum of 90% of net assets in shares (or securities similar to 

shares) of companies incorporated in US or those that earn the majority of their revenue from US. 

The Fund may invest in securities similar to shares including American Depositary Receipts, 

Global Depositary Receipts and Non -Voting Depositary Receipts which are issued by a bank or 

trust company evidencing ownership of shares of a non -US issuer and are alternatives to directly 

purchasing the underlying securities. The Fund may invest up to 10% of its assets in other funds, 

including HSBC funds. The Investment Manager applies quantitative investment process to create 

a portfolio which focuses on risk premia offered by exposure to factors such as value, quality, 

momentum, low risk and size. The Fund is an actively managed and has been categorised as an 

Article 6 fund for the purpose of the SFDR. See the Prospectus for a full description of the 

investment objectives and derivative usage. 

# Main risks 

• The value of investments and any income from them can go down as well as up and 

investors may not get back the amount originally invested 

• Derivatives may be used by the Fund, and these can behave unexpectedly. The pricing and 

volatility of many derivatives may diverge from strictly reflecting the pricing or volatility of 

their underlying reference(s), instrument or asset. 

• Investment Leverage occurs when the economic exposure is greater than the amount 

invested, such as when derivatives are used. A Fund that employs leverage may experience 

greater gains and/or losses due to the amplification effect from a movement in the price of 

the reference source. 

Share class details 

Key metrics 

NAV per share USD 9.94 

Fund facts 

UCITS V compliant Yes 

ISA eligible Yes 

Dividend treatment Accumulating 

Dividend currency USD 

Fund base currency USD 

Currency Hedged Not Hedged 

Share class base currency USD 

Domicile Ireland 

Inception date 20 May 2025 

Shares outstanding 1,500,000 

Fund size USD 14,917,184 

Reference 

benchmark 

100% S&P 500 Index 

Investment strategy 

method 

Active 

SIPP eligible Yes 

Issuer HSBC ETFs PLC 

Listing date 5 June 2025 

Fees and expenses 

Ongoing charge figure ¹ 0.150% 

Codes 

ISIN IE0008JXFQK8 

SEDOL BMHHKY1 

¹Ongoing Charges Figure is an estimate as the 

share class has not been priced for a full 

financial year. HSBC ETFs PLC HSBC PLUS USA Equity Quant Active UCITS ETF 

Monthly report 31 May 2025 | HQUD LN | USD Acc 

Past performance does not predict future returns. The figures are calculated in the share class bas e currency, dividend rein vested, net 

of fees. 

Performance figures will only be published once the share class has achieved a twelve months track record. 

Source: HSBC Asset Management, data as at 31 May 2025 

Performance (%) YTD 1 month 3 months 6 months 1 year 3 years ann 5 years ann Since inception 

Fund -- -- -- -- -- -- -- --

Reference Benchmark -- -- -- -- -- -- -- --

Rolling performance (%) 

31/05/24 -

31/05/25 

31/05/23 -

31/05/24 

31/05/22 -

31/05/23 

31/05/21 -

31/05/22 

31/05/20 -

31/05/21 

Fund -- -- -- -- --

Reference Benchmark -- -- -- -- --

Equity characteristics Fund 

Reference 

Benchmark 

No. of holdings ex cash 305 501 

Average market cap (USD Mil) 986,731 984,054 

Price/earning ratio 20.87 22.73 

Benchmark information 

Index name 100% S&P 500 Index 

Index currency USD 

Benchmark type Total Return 

Sector allocation (%) 

Cash & Others 

Materials 

Utilities 

Real Estate 

Energy 

Consumer Staples 

Industrials 

Health Care 

Consumer Discretionary 

Communication Services 

Financials 

Information Technology 

> 1.36
> 1.02
> 2.75
> 2.78
> 2.91
> 4.97
> 8.49
> 8.65
> 9.44
> 10.42
> 14.95
> 32.24

Fund 

Cash & Others 

Materials 

Utilities 

Real Estate 

Energy 

Consumer Staples 

Industrials 

Health Care 

Consumer Discretionary 

Communication Services 

Financials 

Information Technology 

> 1.36
> 1.02
> 2.75
> 2.78
> 2.91
> 4.97
> 8.49
> 8.65
> 9.44
> 10.42
> 14.95
> 32.24

Fund HSBC ETFs PLC HSBC PLUS USA Equity Quant Active UCITS ETF 

Monthly report 31 May 2025 | HQUD LN | USD Acc 

Source: HSBC Asset Management, data as at 31 May 2025 

Top 10 holdings Sector Weight (%) 

Microsoft Corp Information Technology 6.91 

NVIDIA Corp Information Technology 6.70 

Apple Inc Information Technology 5.95 

Amazon.com Inc Consumer Discretionary 3.79 

Alphabet Inc Communication Services 3.78 

Meta Platforms Inc Communication Services 2.82 

Broadcom Inc Information Technology 2.26 

Berkshire Hathaway Inc Financials 1.89 

Tesla Inc Consumer Discretionary 1.83 

Costco Wholesale Corp Consumer Staples 1.32 

Exchange name Listing date 

Trading 

currency Trading hours 

Bloomberg 

ticker Reuters RIC 

iNAV 

Bloomberg iNAV Reuters 

LONDON STOCK EXCHANGE 05 Jun 2025 USD -- HQUD LN HQUD.L HQUDUSIV HQUDUSDINA 

V=SOLA 

-- 05 Jun 2025 -- -- HQUS LN HQUS.L HQUSGBIV HQUSGBPINAV 

=SOLA 

BORSA ITALIANA SPA 09 Jul 2025 EUR -- HQUS IM HQUS.MI HQUSEUIV HQUSEURINAV 

=SOLA 

DEUTSCHE BOERSE AG -XETRA 17 Jun 2025 EUR -- H41Z GY H41Z.DE HQUSEUIV HQUSEURINAV 

=SOLA HSBC ETFs PLC HSBC PLUS USA Equity Quant Active UCITS ETF 

Monthly report 31 May 2025 | HQUD LN | USD Acc 

Index disclaimer 

Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services 

LLC (“S&P”) and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC 

(“Dow Jones”) and have been licensed for use by S&P Dow Jones Indices LLC and sublicensed 

for certain purposes by HSBC Asset Management Limited. This is a product of S&P Dow Jones 

Indices LLC, and has been licensed for use by HSBC Asset Management Limited. This fund is 

not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, 

their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P, their 

respective affiliates make any representation regarding the advisability of investing in such 

product(s). 

Important information 

The material contained herein is for marketing purposes and is for your information only. This 

document is not contractually binding nor are we required to provide this to you by any 

legislative provision. It does not constitute legal, tax or investment advice or a recommendation 

to any reader of this material to buy or sell investments. You must not, therefore, rely on the 

content of this document when making any investment decisions. 

This material is not intended for distribution to or use by any person or entity in any jurisdictio n

or country where such distribution or use would be contrary to law or regulation. This material 

is not and should not be construed as an offer to sell or the solicitation of an offer to purchase 

or subscribe to any investment. 

Any views expressed were held at the time of preparation and are subject to change without 

notice. While any forecast, projection or target where provided is indicative only and not 

guaranteed in any way. HSBC Global Asset Management (UK) Limited accepts no liability for 

any failure to meet such forecast, projection or target. 

This fund is a sub -fund of HSBC ETFs plc (“the Company”), an investment company with 

variable capital and segregated liability between sub -funds, incorporated in Ireland as a public 

limited company, and is authorised by the Central Bank of Ireland. The company is constituted 

as an umbrella fund, with segregated liability between sub -funds. Shares purchased on the 

secondary market cannot usually be sold directly back to the Company. Investors must buy and 

sell shares on the secondary market with the assistance of an intermediary (e.g. a stockbroker) 

and may incur fees for doing so. In addition, investors may pay more than the current Net 

Asset Value per share when buying shares and may receive less than the current Net Asset 

Value per Share when selling them. UK based investors in HSBC ETFs plc are advised that they 

may not be afforded some of the protections conveyed by the Financial Services and Markets 

Act (2000), (“the Act”). The Company is recognised in the United Kingdom by the Financial 

Conduct Authority under section 264 of the Act. The shares in HSBC ETFs plc have not been 

and will not be offered for sale or sold in the United States of America, its territories or 

possessions and all areas subject to its jurisdiction, or to United States Persons. Affiliated 

companies of HSBC Global Asset Management (UK) Limited may make markets in HSBC ETFs 

plc. All applications are made on the basis of the current HSBC ETFs plc Prospectus, relevant 

Key Investor Information Document (“KIID”), Supplementary Information Document (SID) and 

Fund supplement, and most recent annual and semi -annual reports, which can be obtained 

upon request free of charge from HSBC Global Asset Management (UK) Limited, 8 Canada 

Square, Canary Wharf, London, E14 5HQ. UK, or from a stockbroker or financial adviser. The 

indicative intra -day net asset value of the sub -fund[s] is available on at least one major market 

data vendor terminal such as Bloomberg, as well as on a wide range of websites that display 

stock market data, including www.reuters.com. 

Investors and potential investors should read and note the risk warnings in the prospectus, 

relevant KIID and Fund supplement (where available) and additionally, in the case of retail 

clients, the information contained in the supporting SID. 

Further information about the Company including the Prospectus, the most recent annual and 

semi -annual reports of the Company and the latest share prices, may be obtained free of 

charge, in English, from the Administrator by emailing ifsinvestorqueries@hsbc.com, or by 

visiting www.etf.hsbc.com. Details of the underlying investments of the fund are available on 

www.etf.hsbc.com. The indicative intra -day net asset value of the fund is available on at least 

one major market data vendor terminal such as Bloomberg, as well as on a wide range of 

websites that display stock market data, including www.reuters.com. 

The most recent Prospectus is available in English, German and French. Key Investor 

Information Document (KID) are available in the local language where they are registered. 

To help improve our service and in the interests of security we may record and/or monitor your 

communication with us. HSBC Global Asset Management (UK) Limited provides information to 

Institutions, Professional Advisers and their clients on the investment products and services of 

the HSBC Group. 

Approved for issue in the UK by HSBC Global Asset Management (UK) Limited, who are 

authorised and regulated by the Financial Conduct Authority. 

www.assetmanagement.hsbc.co.uk 

Copyright © HSBC Global Asset Management (UK) Limited 2025. All rights reserved. 

Further Information can be found in the prospectus and in our Key Investor Information 

Documents published in our Fund Centre at www.assetmanagement.hsbc.co.uk 

Source: HSBC Asset Management, data as at 31 May 2025 

Follow us on: 

HSBC Asset Management 

E-mail: etf.client.services@hsbc.com 

Website: www.etf.hsbc.com 

For more information please contact us 

at E -mail: 

Wholesale.clientservices@hsbc.com. 

www.assetmanagement.hsbc.com/uk 

To help improve our service and in the 

interests of security we may record and/ 

or monitor your communication with us. 

Glossary 

www.assetmanagement.hsbc.co.uk/en/ 

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