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Fund Code: BDIAC
BGF Dynamic High Income Fund A8 AUD-Hedged Cash       
Risk Level: 3
Offering Document: 
Investment Objective
The Fund follows a flexible asset allocation policy that seeks to provide a high level of income. In order to generate high levels of income the Fund will seek diversified income sources across a variety of asset classes, investing significantly in income producing assets such as fixed income transferable securities, including corporate and government issues which may be fixed and floating and may be investment grade, sub-investment grade or unrated, covered call options and preference shares. The Fund will use a variety of investment strategies and may invest globally in the full spectrum of permitted investments including equities, equity-related securities, fixed income transferable securities, units of CIS, cash, deposits and money market instruments. Currency exposure is flexibly managed.
Investment Strategy
HSBC investment category:
Multi Asset
Investment type:
Multi Asset
Investment style:
Multi Asset
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 30-04-2024)
Asset allocation
Top 10 holdings
Holding % of net asset
Euro Bund Future June 24 6.12
Top 10 underlying holdings
% of asset in Top 10 holdings -
iShares MSCI USAQualDiv ESG ETF USD Dis 4.93
Top 10 underlying holdings
Holding % of net asset
Microsoft Corp 7.95
Apple Inc 4.74
Qualcomm Inc 3.35
Applied Materials Inc 2.93
Lam Research Corp 2.64
Texas Instruments Inc 2.63
AbbVie Inc 2.59
The Home Depot Inc 2.55
Chevron Corp 2.53
Johnson & Johnson 2.48
% of asset in Top 10 holdings 34.40
iShares Core S&P 500 ETF USD Dist 3.10
Top 10 underlying holdings
Holding % of net asset
Microsoft Corp 7.16
Apple Inc 6.18
NVIDIA Corp 5.89 Inc 3.70
Meta Platforms Inc Class A 2.36
Alphabet Inc Class A 2.31
Alphabet Inc Class C 1.95
Berkshire Hathaway Inc Class B 1.66
Eli Lilly and Co 1.44
Broadcom Inc 1.39
% of asset in Top 10 holdings 34.06
iShares $ High Yld Corp Bd ETF USD Dist 1.69
Top 10 underlying holdings
Holding % of net asset
BlackRock ICS USD LiqEnvtlyAwr Agcy Inc 3.30
TransDigm, Inc. 5.5% 1.39
CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.5% 1.29
Western Digital Corp. 4.75% 1.23
Teva Pharmaceutical Finance Netherlands III B.V. 3.15% 1.22
Vodafone Group PLC 7% 1.11
Newell Brands Inc. 5.7% 1.09
United Rentals (North America), Inc. 4.88% 0.82
SBA Communications Corp. 3.88% 0.77
SBA Communications Corp. 3.13% 0.76
% of asset in Top 10 holdings 12.98
AbbVie Inc. 1.46
Top 10 underlying holdings
% of asset in Top 10 holdings -
Mizuho Markets Cayman LP 0.69
Top 10 underlying holdings
% of asset in Top 10 holdings -
Taiwan Semiconductor Manufacturing Co Ltd 0.67
Top 10 underlying holdings
% of asset in Top 10 holdings -
Microsoft Corp 0.63
Top 10 underlying holdings
% of asset in Top 10 holdings -
United States Treasury Bonds 0.52
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 19.80
Fund Performance
(as of 30-04-2024)
Fund: BGF Dynamic High Income Fund A8 AUD-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
  • 12.41
  • -4.01
  • 3.97
  • -24.07
  • 5.48
  • -3.41
  • -
  • -
  • -
  • -
  • -
  • -
Fund Price Information
(as of 28-05-2024)
Fund price movement is calculated on Offer to Bid basis in fund class currency (AUD).
Indicative fund price:
  • NAV:
AUD 7.49
  • Bid:
  • Offer:
Change vs previous trading day:
52 week low-high:
AUD 6.76 - AUD 7.57
Fund price information is provided based on the latest fund trading date.
Dividend Information
(as of 30-04-2024)
Target distribution frequency:
Dividend yield:
Last dividend paid (per unit):
AUD 0.04
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 30-04-2024)
Average current yield:
Average yield to maturity:
Average duration:
0.94 years
Average credit quality:
Credit quality breakdown:
% %
AAA 6.25 BB 21.26
AA 9.98 B 22.88
A 8.84 Below B 6.95
BBB 18.43 Not Rated 5.41
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 30-04-2024)
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):
AUD 179.83
(as of 28-05-2024)
Fund manager
(Start date):
Justin Christofel (06-02-2018)
Alex Shingler (06-02-2018)
Michael Fredericks (06-02-2018)
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.

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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.