HSBC Holdings plc ADRhedged
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 3 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About HSBH
TheSeries, under normal circumstances, invests at least 95% of its net assets in American Depositary Receipts (“ADRs”)of HSBC Holdings plc (the “Company”). The Series will not invest directly in the Company. ADRs are receipts,issued by an American bank or trust issuer, which evidence ownership of underlying securities issued by a non-U.S. issuer. Generally,ADRs, issued in registered form, are designed for use in the U.S. securities markets. TheSeries invests in the ADRs of the Company (the “Portfolio Securities”) and a currency swap (the “Currency HedgeContract”) designed to hedge against fluctuations in the exchange rate between the U.S. dollar and the English pound (“LocalCurrency”). The Currency Hedge Contract is with a counterparty acting as principal. The notional valueof the Currency Hedge Contract is adjusted daily based on the current value of the Portfolio Securities. AlthoughADRs are U.S. dollar denominated and traded on U.S. exchanges, they are still subject to currency risk because changes in foreigncurrency exchange rates affect their value. The Currency Hedge Contract is designed to minimize the impact of fluctuationsin the exchange rate between the U.S. dollar and the Local Currency. TheCurrency Hedge Contract will be marked to market and settled daily based on the notional value of the Currency Hedge Contractas of the settlement time on a particular day and the change in the value of the Local Currency in relation to the U.S. dollar(“Exchange Rate”) from the settlement time on the prior business day to the settlement time on the current businessday. Ifas a result of a change in the value of the Local Currency relative to the U.S. dollar, the Currency Hedge Contract increasesin value, the counterparty will pay the Series an amount in U.S. dollars equal to the increase in the value of the Currency HedgeContract. If the Currency Hedge Contract decreases in value, the Series will pay the counterparty an amount in U.S. dollars equalto the decrease in the value of the Currency Hedge Contract. In order to obtain any necessary amount of cash, the Manager maysell Portfolio Securities. The Series will maintain amounts not invested in ADRs in cash or cash equivalents, including moneymarket funds. Asa result of mark to market payments or otherwise, the ratio of Portfolio Securities to Shares will vary over time. For example,upon formation, a Series Share might be equal to one Share of the ADR. If the mark to market payments would require the Seriesto sell ADRs in order to make a payment to the counterparty, each Series Share would equal less than one Share of the ADR. TheSeries does not seek to replicate the performance of a specified index. TheSeries is non-diversified and therefore may invest a greater percentage of its assets in a particular issuer than a diversifiedSeries. HSBCHoldings plc HSBCHoldings plc is a British universal bank and financial services group headquartered in London, England. HSBC Holdings plc providesa variety of international banking and financial services, including retail and corporate banking, trade, trusteeship, securities,custody, capital markets, treasury, private and investment banking, and insurance. HSBCHoldings plc is registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Informationprovided to or filed with the SEC by HSBC Holdings plc pursuant to the Exchange Act can be located by reference to the SEC filenumber 001-14930 through the SEC’s website at www.sec.gov. In addition, information regarding HSBC Holdings plc may be obtainedfrom other sources including, but not limited to, press releases, newspaper articles and other publicly disseminated documents.Neither the Series nor the Manager are responsible for the content in such other sources.
HSBH News
Data for HSBH is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.