Important Risk Warning:
  • The mention of any investment product should not be construed as representing a recommendation to buy or sell that product, nor does it represent a forecast on future performance of the product.
  • Unit Trusts are investment products and some may involve derivatives. The value of investments and units may go down and up, and the investor may not get back the original sum invested. Past performance is not necessarily indicative of future performance. In a worst case scenario, the value of the fund may worth substantially less than the original amount you have invested (and in an extreme case could be worth nothing).
  • Investors and potential investors must not solely rely on the content in this website to make investment decisions and should read carefully and understand the offering documents (including the prospectus and full text of the risk factors stated therein), available at HSBC branches and at the fundhouses' webpages, before investing.
  • Before you make any investment decision, you may wish to consult a financial adviser. In the event that you choose not to seek advice from a financial adviser, you should carefully consider whether the investment product is suitable for you.
Selecting products with risk level relative to your attitude towards investment risk.
At HSBC, we offer a full range of products for your consideration with respect to your investment objective, investment tenor and your attitude according to the table below.
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:
Risk attitude Funds with risk level commensurate
Secure Risk Level 0
Very Cautious Risk Level 1
Cautious Risk Level 1 – 2
Balanced Risk Level 1 – 3
Adventurous Risk Level 1 – 4
Speculative Risk Level 1 – 5
Quick Search
Advanced Search
Top Performers
New Funds
Promotion Offer
 
     
HSBC Global Fund Approvals and Research List  Top Performers  CPFIS/SRS  MIP 
Factsheet  Chinese Factsheet  Prospectus  Annual Report  Interim Report  Product highlight sheet 
Fund Code: BDIUR
BGF Dynamic High Income Fund A6 USD Reinvest       
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 31-03-2024)
Asset allocation
Stock
Bond
Cash
Other
31.83%
47.85%
16.09%
4.23%
Top 10 holdings
Holding % of net asset
Euro Bund Future June 24 6.15
Top 10 underlying holdings
% of asset in Top 10 holdings -
iShares MSCI USAQualDiv ESG ETF USD Dis 5.20
Top 10 underlying holdings
Holding % of net asset
Microsoft Corp 7.62
Apple Inc 4.38
AbbVie Inc 2.85
Chevron Corp 2.74
Applied Materials Inc 2.71
The Home Depot Inc 2.69
Qualcomm Inc 2.69
Johnson & Johnson 2.56
Lam Research Corp 2.53
Texas Instruments Inc 2.39
% of asset in Top 10 holdings 33.16
iShares $ High Yld Corp Bd ETF USD Dist 1.66
Top 10 underlying holdings
Holding % of net asset
BlackRock ICS USD LiqEnvtlyAwr Agcy Inc 3.16
TransDigm, Inc. 5.5% 1.39
CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.5% 1.28
Western Digital Corp. 4.75% 1.20
Teva Pharmaceutical Finance Netherlands III B.V. 3.15% 1.18
Newell Brands Inc. 5.7% 1.07
Vodafone Group PLC 7% 1.07
United Rentals (North America), Inc. 4.88% 0.80
FirstEnergy Corp. 4.15% 0.75
SBA Communications Corp. 3.13% 0.75
% of asset in Top 10 holdings 12.64
iShares Core S&P 500 ETF USD Dist 1.01
Top 10 underlying holdings
Holding % of net asset
Microsoft Corp 6.98
Apple Inc 5.81
NVIDIA Corp 4.81
Amazon.com Inc 3.74
Meta Platforms Inc Class A 2.29
Alphabet Inc Class A 2.17
Alphabet Inc Class C 1.84
Berkshire Hathaway Inc Class B 1.74
Eli Lilly and Co 1.36
Broadcom Inc 1.34
% of asset in Top 10 holdings 32.07
UBS AG, London Branch 0.91
Top 10 underlying holdings
% of asset in Top 10 holdings -
Societe Generale S.A. 0.74
Top 10 underlying holdings
% of asset in Top 10 holdings -
Microsoft Corp 0.68
Top 10 underlying holdings
% of asset in Top 10 holdings -
Taiwan Semiconductor Manufacturing Co Ltd 0.64
Top 10 underlying holdings
% of asset in Top 10 holdings -
United States Treasury Notes 0.50
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 17.49
Fund Performance
(as of 31-03-2024)
Fund: BGF Dynamic High Income Fund A6 USD Reinvest
Index:
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
  • 13.43
  • -1.69
  • 4.20
  • -22.84
  • 7.24
  • -1.43
  • -
  • -
  • -
  • -
  • -
  • -
Fund Price Information
(as of 26-04-2024)
Fund price movement is calculated on Offer to Bid basis in fund class currency (USD).
Indicative fund price:
  • NAV:
USD 7.77
  • Bid:
-
  • Offer:
-
Change vs previous trading day:
0.78%
52 week low-high:
USD 7.08 - USD 7.95
Fund price information is provided based on the latest fund trading date.
Dividend Information
(as of 31-03-2024)
Target distribution frequency:
Monthly
Dividend yield:
7.12%
Last dividend paid (per unit):
USD 0.05
Last ex-dividend date:
28-03-2024
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 31-03-2024)
Average current yield:
6.76%
Average yield to maturity:
15.30%
Average duration:
0.92 years
Average credit quality:
B
Credit quality breakdown:
% %
AAA 1.33 BB 10.18
AA 2.87 B 9.08
A 3.95 Below B 2.86
BBB 7.57 Not Rated 62.16
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 31-03-2024)
Annualised return:
-0.87%
Standard deviation:
11.04%
Sharpe ratio:
-0.12
Alpha:
-1.71
Beta:
1.08
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
Alpha & Beta: Morningstar Asia Limited Used USD as the benchmark index for calculation
Fees and Charges
Initial charge:
0.05
Annual management fee (maximum):
0.015
Distribution fee:
-
Redemption fee:
0
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:
USD
Fund class inception date:
06-02-2018
Fund share class size (Million):
USD 1,349.14
(as of 26-04-2024)
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:

(as of 31-03-2024)
ISIN:
LU1564329115
Initial Investment Amount:
1000
Other fund classes available with HSBC:
Back to top    

Disclaimers:


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.


Investment involves risk. Investments are not obligations of, deposits in, insured or guaranteed by HSBC Bank (Singapore) Limited. The information contained on this web site is intended for Singapore residents only and should not be construed as a distribution, an offer to sell, or a solicitation to buy any securities in any jurisdiction where such activities would be unlawful under the laws of such jurisdiction, in particular the United States of America and Canada. You should refer to the website disclaimers for further important details.


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.
  [Disclaimer]