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The Fund Risk Level stated in this website is determined according to the historical volatility of the fund or, where appropriate, the historical volatility of a comparable market index or comparable fund:
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Fund Code: BCREC
BGF China Bond Fund A6 EUR Hedged Cash       
Risk Level: 4
Offering Document: 
Investment Objective
The Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in fixed income transferable securities denominated in Renminbi or other non-Chinese domestic currencies issued by entities exercising the predominant part of their economic activity in the PRC through recognised mechanisms including but not limited to the Chinese Interbank Bond Market, the exchange bond market, quota system and/or through onshore or offshore issuances and/or any future developed channels. The Fund is a RQFII Access Fund and a CIBM Fund and may invest without limit in the PRC via the RQFII regime and in the CIBM via the Foreign Access Regime and/or Bond Connect and/or other means as may be permitted by the relevant regulations from time to time.
Investment Strategy
HSBC investment category:
Asia Bond
Investment type:
Fixed Income
Investment style:
Fixed Income
Interest rate sensitivity:
Investment instrument:
Stock, Bond, Cash, Other
Investment style is only applicable for funds that invest in equities. Interest rate sensitivity is only applicable for funds that invest in fixed income product.
Fund Portfolio
(as of 30-06-2024)
Asset allocation
Top 5 bond holdings country exposure
Country exposure %
China 78.84
Hong Kong 6.58
Macao 6.01
India 4.60
Japan 2.01
Top 10 holdings
Holding % of net asset
Us Ultra 10Yr Note Sep 24 5.17
Top 10 underlying holdings
% of asset in Top 10 holdings -
BlackRock ICS USD LiqEnvtlyAwr Agcy Inc 1.71
Top 10 underlying holdings
Holding % of net asset
% of asset in Top 10 holdings 0.00
China (People's Republic Of) 3.26
Top 10 underlying holdings
% of asset in Top 10 holdings -
China (People's Republic Of) 3.21
Top 10 underlying holdings
% of asset in Top 10 holdings -
Agricultural Development Bank of China 1.74
Top 10 underlying holdings
% of asset in Top 10 holdings -
China (People's Republic Of) 1.63
Top 10 underlying holdings
% of asset in Top 10 holdings -
Agricultural Development Bank of China 1.37
Top 10 underlying holdings
% of asset in Top 10 holdings -
China Development Bank 1.09
Top 10 underlying holdings
% of asset in Top 10 holdings -
Bank of China Ltd. 1.06
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 20.25
Fund Performance
(as of 30-06-2024)
Fund: BGF China Bond Fund A6 EUR Hedged Cash
Fund indexed performance (initial value =100%). Performance statistics are based on offer-bid prices of the fund with dividend reinvested, in fund class currency
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023
  • YTD
  • 0.09
  • -0.63
  • -10.23
  • -11.66
  • -2.87
  • -1.53
  • -
  • -
  • -
  • -
  • -
  • -
Fund Price Information
(as of 18-07-2024)
Fund price movement is calculated on Offer to Bid basis in fund class currency (EUR).
Indicative fund price:
  • NAV:
EUR 7.43
  • Bid:
  • Offer:
Change vs previous trading day:
52 week low-high:
EUR 7.25 - EUR 7.49
Fund price information is provided based on the latest fund trading date.
Dividend Information
(as of 30-06-2024)
Target distribution frequency:
Dividend yield:
Last dividend paid (per unit):
EUR 0.03
Last ex-dividend date:
Dividend yield is the dividend amount declared over the past twelve months as a percentage of the last month-end fund unit price, show in 2 decimal places. The amount of dividend may not be guaranteed by Fund House.
Yield And Credit Information
(as of 31-05-2024)
Average current yield:
Average yield to maturity:
Average duration:
3.54 years
Average credit quality:
Credit quality breakdown:
% %
AAA 0.27 BB 20.92
AA 0.42 B 7.14
A 33.35 Below B 0.27
BBB 29.89 Not Rated 7.75
Current yield refers to the annual interest of the bonds divided by the market price of a bond. Yield to maturity is the rate of return anticipated on a bond if it is held until the maturity date, assumed that all coupons are reinvested at the same rate. Duration is a measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. Credit quality is based on Standard and Poor’s classification.
Fund Statistic
(as of 30-06-2024)
Annualised return:
Standard deviation:
Sharpe ratio:
Fund statistics are calculated by using 3 years historical data, and are not calculated for fund which is less than 3 years old.
Sharpe ratio: Morningstar Asia Limited used the USD as the risk free factor for calculation
Fees and Charges
Initial charge:
Annual management fee (maximum):
Distribution fee:
Redemption fee:
Performance fee:
Highest contingent deferred sales charge:
Switching Fee:
The listed information may not cover all the fees and charges imposed on a fund. Please refer to the respective offering documents of the fund for details of relevant fees and charges.
Other Fund Information
Fund class currency:
Fund class inception date:
Fund share class size (Million):
EUR 34.96
(as of 27-06-2024)
Fund manager
(Start date):
Suanjin Tan (19-10-2021)
Yii Hui Wong (19-10-2021)
Yingbo Xu (19-05-2023)
Fund house:
BlackRock (Singapore) Limited
Morningstar Rating:

Initial Investment Amount:
Other fund classes available with HSBC:
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The declaration of distribution is at the sole discretion of the Fund Manager and is not guaranteed. The dividend information is for your reference only and it is not indicative of future performance.

The information in this website relating to Unit Trusts are provided by Morningstar Asia Limited (“Information Provider”) to HSBC Bank (Singapore) Limited (the “Bank”) unless otherwise specified. For technical reasons, certain information provided by Information Provider may be different from that supplied by the respective fund houses. Neither the Information Provider nor the Bank guarantee or endorse the accuracy, reliability and completeness of the information provided by the Information Provider or that it is up-to date, and that such information has not been independently verified by the Bank. The Bank disclaims liability for any errors, omissions or inaccuracies in the information provided in this website. The Bank also disclaims liability for any loss or damages resulting from the use of information contained herein, or the inability to use such information or in connection with any error, interruption, delay in operation or incomplete transmission, line or system failure. The information contained herein is solely for personal and non-commercial use and for reference only, and the information are not intended to provide professional advice nor is HSBC, in providing such information intended to be advising on Unit Trust. The information contained in this website is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribed for any Unit Trusts or other investments or products or deposit. The information contain herein may not be copied or re-distributed by any means.

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The Fund Risk Level stated in this website is determined according to the historical volatility of the fund or, where appropriate, the historical volatility of a comparable market index or comparable fund. You should refer to the detailed definition of fund risk level here.