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).
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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: JIAU
JPM Income A (acc) ¡V USD Class       
Risk Level: 3
Offering Document: 
 
Investment Objective
The Sub-Fund seeks to achieve its objective by investing opportunistically across multiple debt markets and sectors that the Investment Manager believes have high potential to produce risk adjusted income, whilst also seeking to benefit from capital growth opportunities. Exposures to certain countries, sectors, currencies and credit ratings of debt securities may vary and may be concentrated from time to time.
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 31-10-2020)
Asset allocation
Stock
Bond
Cash
Other
0.05%
94.73%
3.28%
1.94%
Top 5 bond holdings country exposure
Country exposure %
United States 91.94
Canada 0.99
United Kingdom 0.96
France 0.57
Netherlands 0.52
Top 10 holdings
Holding % of net asset
Federal National Mortgage Association 2.5% 4.51
Top 10 underlying holdings
% of asset in Top 10 holdings -
JPM Global High Yield Bond X (mth) USD 1.26
Top 10 underlying holdings
Holding % of net asset
United States Treasury Bills 0% 1.94
United States Treasury Bills 0% 1.61
United States Treasury Bills 0% 1.27
Sprint Capital Corporation 8.75% 1.22
United States Treasury Bills 0% 1.20
United States Treasury Bills 0% 1.14
United States Treasury Bills 0% 1.13
United States Treasury Bills 0% 1.02
DISH DBS Corporation 5.88% 1.01
United States Treasury Bills 0% 1.00
% of asset in Top 10 holdings 12.54
Federal Home Loan Banks 2.5% 4.51
Top 10 underlying holdings
% of asset in Top 10 holdings -
United States Treasury Notes 0.38% 1.68
Top 10 underlying holdings
% of asset in Top 10 holdings -
Federal Home Loan Mortgage Corporation 4.5% 0.81
Top 10 underlying holdings
% of asset in Top 10 holdings -
Federal Home Loan Mortgage Corporation 4.5% 0.55
Top 10 underlying holdings
% of asset in Top 10 holdings -
Federal Farm Credit Banks 5.9% 0.54
Top 10 underlying holdings
% of asset in Top 10 holdings -
Federal Home Loan Mortgage Corporation 4% 0.52
Top 10 underlying holdings
% of asset in Top 10 holdings -
Federal Home Loan Mortgage Corporation 4.05% 0.48
Top 10 underlying holdings
% of asset in Top 10 holdings -
Government National Mortgage Association 1.27% 0.48
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 15.33
Fund Performance
(as of 31-10-2020)
Fund: JPM Income A (acc) ¡V USD Class
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
  • 2015
  • 2016
  • 2017
  • 2018
  • 2019
  • YTD
  • -4.27
  • 4.73
  • 3.01
  • -2.55
  • 8.14
  • -2.89
  • -
  • -
  • -
  • -
  • -
  • -
Fund Price Information
(as of 27-11-2020)
Fund price movement is calculated on Offer to Bid basis in fund class currency (USD).
Indicative fund price:
  • NAV:
USD 128.85
  • Bid:
USD 128.21
  • Offer:
USD 132.72
Change vs previous trading day:
0.07%
52 week low-high:
USD 107.52 - USD 129.47
Fund price information is provided based on the latest fund trading date.
Yield And Credit Information
(as of 30-09-2020)
Average current yield:
4.62%
Average yield to maturity:
4.69%
Average duration:
1.65 years
Average credit quality:
BBB
Credit quality breakdown:
% %
AAA 39.60 BB 40.60
AA 0.50 B 0.00
A 3.10 Below B 0.00
BBB 16.20 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 31-10-2020)
Annualised return:
2.99%
Standard deviation:
6.63%
Sharpe ratio:
0.38
Alpha:
0.18
Beta:
0.70
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:
0.03
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:
USD
Fund class inception date:
02-06-2014
Fund share class size (Million):
USD 608.39
(as of 27-11-2020)
Fund manager
(Start date):
J. Andrew Norelli (02-06-2014)
Andrew Headley (30-03-2017)
ThomasG. Hauser (30-07-2020)
Fund house:
JPMorgan Asset Mgmt (Singapore) Limited
Morningstar Rating:

(as of 31-10-2020)
ISIN:
LU1041599405
Initial Investment Amount:
1000
Other fund classes available with HSBC:
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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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