H41H's largest holdings are NVIDIA CORP, Apple Inc, Capital Cash Ctrl, ALPHABET INC, Microsoft Corp. The full top list is on this page.

How concentrated is H41H?

The top 10 holdings are 31.4% of the fund, across 1,340 positions.

The total expense ratio on record is 0.16%. That is cheaper than 77% of the 2,731 European UCITS equity funds we track.

Which sectors dominate H41H?

By weight of its equity holdings: Technology 30.2%, Financial Services 16.4%, Industrials 10.9%.

How similar is H41H to FTSE All-World (VWCE)?

80.1% of H41H overlaps with FTSE All-World (VWCE) by weight, across 1,145 shared companies.

What is H41H's P/E ratio?

Computed from company annual reports and filed position values, H41H's weighted price-to-earnings ratio is 25.0, covering 91% of the fund by weight. The weighted price-to-book ratio is 3.76.

UCITS · Ireland · Accumulating

H41H IE000QMIHY81

Global developed-market equities, EUR-hedged

HSBC MSCI World UCITS ETF EUR Hedged (Acc)

HWDE · HSBC

1,340 holdings as of 2026-09-10 · top 10 = 31.4% · TER 0.16% · P/E 25.0

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Concentration

Moderately concentratedtop 10 = 31.4%

diversifiedconcentrated

GROWTH · PRICE DEVELOPMENTrebased to 0%

Holdings

1,340

as of 2026-09-10

Top 10

31.4%

TER

0.16%

cheaper than 77% of peers

Net assets

US$19.0B

reported in USD

Largest

5.5%

P / E

25.0

covers 91% by weight

Sections

Holdings as of 2026-09-10.

01Overview

the fund's regulatory facts

Distribution

Accumulating

Fund currency

EUR

Domicile

Ireland

Structure

Open-ended

First listed

2022-12-13

Volatility 1Y

11.9%

Tracked index

MSCI World Index

How it tracks

Physical, optimised

Risk rating

4 of 7

Lends its stock

Yes

02Valuation and performance

market price return · as of 2026-09-18

-1.4%

+1.4%

+15.4%

YTD

+10.1%

+14.9%

Valuation1,171 companies covered · weighted, profitable holdings only

25.0

price / earnings

3.8%

covers 94% by weight

3.76

price / book

covers 82% by weight

Computed from company filings and reported position values. MethodologyPortfolio valuationComputed by us from each company's own financial statements and the position values funds report, currency-adjusted and weighted harmonically. P/E covers profitable holdings only. Book value uses the most recent reported quarter.. Not investment advice.

03Holdings

50 largest · as of 2026-09-10

#	Company	Identifier	Weight
1	NVIDIA CORP US	NVDA	5.5
2	Apple Inc US	AAPL	5.3
3	Capital Cash Ctrl	–	4.5
4	ALPHABET INC US	GOOGL	3.8
5	Microsoft Corp US	MSFT	3.8
6	AMAZON.COM INC US	AMZN	2.7
7	BROADCOM INC US	AVGO	1.8
8	META PLATFORMS INC-CLASS A US	META	1.6
9	Micron Technology Inc US	MU	1.2
10	TESLA INC US	TSLA	1.1
11	JPMorgan Chase & Co US	JPM	1.0
12	ELI LILLY & CO US	LLY	1.0
13	ADVANCED MICRO DEVICES US	AMD	0.9
14	BERKSHIRE HATHAWAY INC. US	BRK/B	0.8
15	ExxonMobil Holdings Corporation US	2670549D	0.8
16	ASML Holding N.V. NL	ASML	0.7
17	JOHNSON & JOHNSON US	JNJ	0.7
18	Visa Inc US	V	0.7
19	WALMART INC. US	WMT	0.5
20	Mastercard Inc US	MA	0.5
21	AbbVie Inc US	ABBV	0.5
22	Intel Corp US	INTC	0.5
23	CISCO SYSTEMS, INC. US	CSCO	0.5
24	Bank of America Corp US	BAC	0.5
25	Costco Wholesale Corp US	COST	0.4
26	Chevron Corp US	CVX	0.4
27	LAM RESEARCH CORPORATION US	LRCX	0.4
28	Caterpillar Inc US	CAT	0.4
29	PALANTIR TECHNOLOGIES INC-A US	PLTR	0.4
30	Applied Materials Inc US	AMAT	0.4
31	HSBC Holdings PLC GB	HSBA	0.4
32	Merck & Co Inc US	MRK	0.4
33	UnitedHealth Group Inc US	UNH	0.4
34	THE COCA-COLA COMPANY US	KO	0.4
35	General Electric Co US	GE	0.4
36	THE PROCTER & GAMBLE COMPANY US	PG	0.4
37	MSCI WORLD INDEX (USD,NTR) 09/26 EUREX US	DE000C71QQS6	0.4
38	NETFLIX INC US	NFLX	0.4
39	Home Depot Inc/The US	HD	0.3
40	THE GOLDMAN SACHS GROUP, INC. US	GS	0.3
41	Roche Holding AG CH	ROP SW	0.3
42	Philip Morris International Inc US	PM	0.3
43	Royal Bank of Canada CA	RY	0.3
44	Shell PLC GB	SHEL	0.3
45	Palo Alto Networks Inc US	PANW	0.3
46	RTX Corp US	RTX	0.3
47	Wells Fargo & Co US	WFC	0.3
48	Mitsubishi UFJ Financial Group Inc. JP	8306	0.3
49	Novartis AG CH	NOVN	0.3
50	Oracle Corp US	ORCL	0.3

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04Exposure

Equity 94.8%Other 5.2%

By sector

Technology30.2%

Financial Services16.4%

Industrials10.9%

Healthcare9.1%

Consumer Cyclical8.6%

Communication Services7.8%

Consumer Defensive4.9%

Energy3.5%

Materials3.2%

Utilities2.4%

Real Estate1.6%

By country

USUnited States70.4%

JPJapan5.9%

GBUnited Kingdom3.4%

CACanada3.4%

CHSwitzerland2.5%

FRFrance2.2%

DEGermany2.1%

IEIreland1.6%

CurrencyUSD 70.5% EUR 9.9% JPY 5.9% GBP 3.5% CAD 3.4%

Issuer's scenario analysisaverage return per year over 5 years

Stress

-20.9%

Unfavourable

-0.8%

Moderate

+6.6%

Favourable

+11.3%

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Ranked by how much of their holdings you already own through this fund. Overlap by weight where shown.

06Where it trades

10 exchanges

Exchange	MIC	Listed since
Borsa Italiana	ETFP	2022-12-15
Börse Düsseldorf	DUSB	2022-12-15
Börse Frankfurt	FRAA	2022-12-15
Xetra	XETA	2022-12-15
Tradegate	XGAT	2023-01-17
Börse Stuttgart	STUB	2023-01-25
Börse Hamburg	HAMN	2023-01-27
Börse München	MUNB	2023-09-25
Börse Hannover	HAND	2024-12-09
SIX Swiss Exchange	XSWX	–

Also admitted to 33 other venues, mostly multilateral trading facilities and regional segments.

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