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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: JIAGR
JPM Income A (mth) - GBP (hedged) Reinvest       
Risk Level: 4
Offering Document: 
 
Investment Objective
To provide income by investing primarily in debt securities. Investment approach Uses a globally integrated research driven investment process that focuses on analysing fundamental, quantitative and technical factors across countries, sectors and issuers. Uses an unconstrained approach to finding the best investment ideas across multiple fixed income sectors and countries with a focus on generating a consistent income distribution. Dynamically shifts among sectors and countries and adjusts duration depending on market conditions. Income is managed to minimise fluctuations in periodic dividend payments.
Investment Strategy
HSBC investment category:
Global Bond
Investment type:
Fixed Income
Investment style:
Fixed Income
Interest rate sensitivity:
Low
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 31-05-2021)
Asset allocation
Stock
Bond
Cash
Other
0.24%
93.93%
3.51%
2.33%
Top 5 bond holdings country exposure
Country exposure %
United States 88.89
Canada 0.89
United Kingdom 0.72
Mexico 0.71
Brazil 0.56
Top 10 holdings
Holding % of net asset
Government National Mortgage Association 2.5% 3.76
Top 10 underlying holdings
% of asset in Top 10 holdings -
JPM Global High Yield Bond X (mth) USD 0.99
Top 10 underlying holdings
Holding % of net asset
United States Treasury Bills 0% 1.51
CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.125% 1.48
United States Treasury Bills 0% 1.26
United States Treasury Bills 0% 1.17
Sprint Capital Corporation 8.75% 1.15
DISH DBS Corporation 5.875% 1.04
HCA Inc. 5.375% 0.94
T-Mobile US, Inc. 7.625% 0.91
HCA Inc. 5.875% 0.89
Tenet Healthcare Corporation 4.875% 0.85
% of asset in Top 10 holdings 11.22
JPM USD Liquidity LVNAV X (dist.) 0.70
Top 10 underlying holdings
Holding % of net asset
% of asset in Top 10 holdings 0.00
Government National Mortgage Association 2.5% 2.17
Top 10 underlying holdings
% of asset in Top 10 holdings -
United States Treasury Notes 0.375% 1.25
Top 10 underlying holdings
% of asset in Top 10 holdings -
Federal National Mortgage Association 5.8561% 0.42
Top 10 underlying holdings
% of asset in Top 10 holdings -
DISH DBS Corporation 5.875% 0.41
Top 10 underlying holdings
% of asset in Top 10 holdings -
Federal Home Loan Mortgage Corporation 4.5% 0.40
Top 10 underlying holdings
% of asset in Top 10 holdings -
Federal Home Loan Mortgage Corporation 4% 0.39
Top 10 underlying holdings
% of asset in Top 10 holdings -
T-Mobile US, Inc. 7.625% 0.39
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 10.89
Fund Performance
(as of 31-05-2021)
Fund: JPM Income A (mth) - GBP (hedged) 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
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • YTD
  • -
  • -
  • -
  • -
  • -1.78
  • -0.37
  • -
  • -
  • -
  • -
  • -
  • -
Fund Price Information
(as of 16-06-2021)
Fund price movement is calculated on Offer to Bid basis in fund class currency (GBP).
Indicative fund price:
  • NAV:
GBP 97.61
  • Bid:
GBP 97.12
  • Offer:
GBP 100.54
Change vs previous trading day:
-0.05%
52 week low-high:
GBP 94.05 - GBP 98.05
Fund price information is provided based on the latest fund trading date.
Dividend Information
(as of 31-05-2021)
Target distribution frequency:
Monthly
Dividend yield:
4.61%
Last dividend paid (per unit):
GBP 0.37
Last ex-dividend date:
03-05-2021
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 30-04-2021)
Average current yield:
4.67%
Average yield to maturity:
3.80%
Average duration:
1.50 years
Average credit quality:
BB
Credit quality breakdown:
% %
AAA 33.00 BB 25.00
AA 2.20 B 9.90
A 4.00 Below B 8.40
BBB 17.50 Not Rated 0.00
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 31-05-2021)
Annualised return:
-
Standard deviation:
-
Sharpe ratio:
-
Alpha:
-
Beta:
-
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:
0.03
Annual management fee (maximum):
0.01
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:
GBP
Fund class inception date:
05-09-2019
Fund share class size (Million):
GBP 32.01
(as of 28-05-2021)
Fund manager
(Start date):
J. Andrew Norelli (02-06-2014)
Andrew Headley (30-03-2017)
ThomasG. Hauser (01-07-2020)
Fund house:
JPMorgan Asset Mgmt (Singapore) Limited
Morningstar Rating:

ISIN:
LU2044938715
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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