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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
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Fund Code: FMAIU
Fidelity Funds - Global Multi Asset Income Fund A-ACC-USD (Closed for subscription)      
Risk Level: 3
Offering Document: 
 
Investment Objective
The fund aims to achieve moderate capital growth over the medium to long term and provide income.
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 31-03-2025)
Asset allocation
Stock
Bond
Cash
Other
8.57%
76.01%
14.03%
1.40%
Top 10 holdings
Holding % of net asset
Ultra 10 Year US Treasury Note Future June 25 10.55
Top 10 underlying holdings
% of asset in Top 10 holdings -
Neuberger Berman CLO Income USD I5 Inc 2.35
Top 10 underlying holdings
Holding % of net asset
Trs Ibxxlltr Index /Long/ 4.51
Aqueduct European CLO 10 DAC 1.02
Sound Point Euro Clo 14 Funding Designated Activity Co. 1.01
OCP Euro CLO 2025-12 Designated Activity Company 0.88
Henley CLO XI Designated Activity Co. 0.87
Palmer Square European Clo 2025-1 Designated Activity Co. 0.87
Bridgepoint Clo VIII Designated Activity Co 0.86
Arbour Clo XIII Designated Activity Co. 0.84
APIDOS CLO XLII LTD 0.78
% of asset in Top 10 holdings 11.65
United States Treasury Bills 0% 2.88
Top 10 underlying holdings
% of asset in Top 10 holdings -
United States Treasury Bills 0% 2.26
Top 10 underlying holdings
% of asset in Top 10 holdings -
5 Year Treasury Note Future June 25 2.01
Top 10 underlying holdings
% of asset in Top 10 holdings -
South Africa (Republic of) 8.875% 1.86
Top 10 underlying holdings
% of asset in Top 10 holdings -
Neuberger Berman ShrtDurHYEggm$InstIn 1.37
Top 10 underlying holdings
Holding % of net asset
Neuberger Berman CLO Income USD Z Acc 1.14
AAdvantage Loyalty IP Ltd/ American Airlines Inc 1.12
Prime Securities Services Borrower, LLC and Prime Finance, Inc. 0.96
Tibco Software Inc 0.94
Mauser Packaging Solutions Holding Co. 0.92
EchoStar Corp. 0.86
Bausch Plus Lomb Corp. 0.79
Medline Borrower LP 0.77
Uniti Group LP/Uniti Fiber Holdings Inc/Uniti Group Finance 2019 Inc/CSL Ca 0.74
United Parks & Resorts Inc 0.71
% of asset in Top 10 holdings 8.95
Option on S&P 500 PR 1.81
Top 10 underlying holdings
% of asset in Top 10 holdings -
2 Year Treasury Note Future June 25 1.20
Top 10 underlying holdings
% of asset in Top 10 holdings -
First Trust Nasdaq Cybscty ETF A USD Acc 0.98
Top 10 underlying holdings
Holding % of net asset
Cisco Systems Inc 8.41
Broadcom Inc 8.39
CrowdStrike Holdings Inc Class A 8.01
Infosys Ltd ADR 7.97
Palo Alto Networks Inc 7.88
Cloudflare Inc 4.28
Zscaler Inc 4.28
Gen Digital Inc 4.01
F5 Inc 3.98
CyberArk Software Ltd 3.93
% of asset in Top 10 holdings 61.15
Secretaria Do Tesouro Nacional 10% 1.08
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 27.37
Fund Performance
(as of 31-05-2025)
Fund: Fidelity Funds - Global Multi Asset Income Fund A-ACC-USD
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
  • 2020
  • 2021
  • 2022
  • 2023
  • 2024
  • YTD
  • -2.18
  • -3.36
  • -17.86
  • -0.89
  • -2.18
  • -1.64
  • -
  • -
  • -
  • -
  • -
  • -
Fund Price Information
(as of 02-07-2025)
Fund price movement is calculated on Offer to Bid basis in fund class currency (USD).
Indicative fund price:
  • NAV:
USD 14.16
  • Bid:
-
  • Offer:
-
Change vs previous trading day:
-0.07%
52 week low-high:
USD 13.01 - USD 14.17
Fund price information is provided based on the latest fund trading date.
Yield And Credit Information
Average current yield:
7.03%
Average yield to maturity:
6.19%
Average duration:
1.75 years
Average credit quality:
-
Credit quality breakdown:
% %
AAA - BB -
AA - B -
A - Below B -
BBB - Not Rated -
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 31-05-2025)
Annualised return:
0.18%
Standard deviation:
8.02%
Sharpe ratio:
-0.28
Alpha:
-4.68
Beta:
0.77
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:
5.25
Annual management fee (maximum):
1.5
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:
27-03-2013
Fund share class size (Million):
USD 161.78
(as of 30-06-2025)
Fund manager
(Start date):
Talib Sheikh (01-01-2024)
George Efstathopoulos (20-05-2016)
Becky Qin (01-01-2024)
Fund house:
FIL Investment Management (Singapore)Ltd
Morningstar Rating:

(as of 31-05-2025)
ISIN:
LU0905233846
Initial Investment Amount:
1000
Other fund classes available with HSBC:
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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.
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