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Fund Code: HESUC
HSBC GIF - ESG Short Duration Credit Bond Fund (AM2 USD) Cash       
Risk Level: 2
Offering Document: 
Investment Objective
The fund aims to provide long term total return by investing in a diversified portfolio of bonds with an expected average duration of between 1 and 3 years and an average credit rating of Investment Grade, while promoting ESG characteristics within the meaning of Article 8 of SFDR. It aims to do this with a higher ESG rating, calculated as a weighted average of the ESG ratings given to the issuers of the sub-fund’s investments, than the weighted average of the constituents of the 50% ICE BofA 1-5 Year BBB US Corporate / 50% ICE BofA 1-5 Year BB US High Yield. The fund invests in normal market conditions a minimum of 70% of its net assets in short duration Investment Grade, Non-Investment Grade rated and unrated bonds and similar securities issued or guaranteed by governments, government agencies, quasi-government entities, state sponsored enterprises, local or regional governments and supranational bodies or companies meeting certain ESG rating and lower carbon intensity criteria.
Investment Strategy
HSBC investment category:
Global Fixed Income
Investment type:
Fixed Income
Investment style:
Fixed Income
Interest rate sensitivity:
Investment instrument:
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 31-07-2023)
Asset allocation
Top 5 bond holdings country exposure
Country exposure %
United States 75.62
France 7.78
Canada 5.27
United Kingdom 4.38
Netherlands 2.85
Top 10 holdings
Holding % of net asset
US 5 Year Note (CBT) Sept13 4.46
Top 10 underlying holdings
% of asset in Top 10 holdings -
HSBC US Dollar Liquidity Y 2.11
Top 10 underlying holdings
Holding % of net asset
Banco Santander (Brasil) S.A. 5.3% 6.92
People's Republic Of China 4.98
Depository Trust & Clearing Co 4.98
Mizuho Financial Group Inc 4.71
Credit Agricole S.A. 5.3% 4.43
Cooperatieve Rabobank Ua 3.43
Anz New Zealand (Int'l) Ltd. 1.66
Barclays Bank plc 5.13% 1.38
Credit Agricole S.A. 5.32% 1.38
People's Republic Of China 1.38
% of asset in Top 10 holdings 35.28
BPCE SA 2.045% 3.08
Top 10 underlying holdings
% of asset in Top 10 holdings -
Ford Motor Credit Company LLC 8.0305% 2.80
Top 10 underlying holdings
% of asset in Top 10 holdings -
CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.125% 2.29
Top 10 underlying holdings
% of asset in Top 10 holdings -
Graphic Packaging International LLC 1.512% 2.24
Top 10 underlying holdings
% of asset in Top 10 holdings -
NextEra Energy Capital Holdings Inc 4.9% 2.07
Top 10 underlying holdings
% of asset in Top 10 holdings -
Aercap Ireland Capital DAC 3.15% 2.06
Top 10 underlying holdings
% of asset in Top 10 holdings -
WestRock Company 4% 1.96
Top 10 underlying holdings
% of asset in Top 10 holdings -
Amgen Inc. 5.507% 1.53
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 24.60
Fund Performance
(as of 31-08-2023)
Fund: HSBC GIF - ESG Short Duration Credit Bond Fund (AM2 USD) 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
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • YTD
  • -
  • -
  • -
  • -
  • -
  • -
  • -
  • -
  • -
  • -
  • -
  • -
Fund Price Information
(as of 22-09-2023)
Fund price movement is calculated on Offer to Bid basis in fund class currency (USD).
Indicative fund price:
  • NAV:
USD 9.762
  • Bid:
  • Offer:
Change vs previous trading day:
52 week low-high:
USD 9.744 - USD 10.059
Fund price information is provided based on the latest fund trading date.
Dividend Information
Target distribution frequency:
Dividend yield:
Last dividend paid (per unit):
USD 0.05
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.
Fund Statistic
(as of 31-08-2023)
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.
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):
USD 0.31
(as of 31-08-2023)
Fund manager
(Start date):
Ricky Liu (26-07-2022)
Viral Desai (26-07-2022)
JasonE. Moshos (26-07-2022)
Fund house:
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.