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Fund Code: SGMSM
Schroder ISF Global Multi-Asset Income (Reinvest) SGD-Hedged (Closed for subscription)      
Risk Level: 3
Offering Document: 
Investment Objective
The Fund aims to provide an income distribution of 5% per annum and capital growth over a three to five year period after fees have been deducted by investing in a diversified range of assets and markets worldwide. The Fund aims to provide a volatility (a measure of how much the Fund's returns may vary over a year) of between 5-7% per annum. The Fund is actively managed and invests at least two-thirds of its assets directly or indirectly through derivatives in equity and equity-related securities, fixed income securities and Alternative Asset Classes.
Investment Strategy
HSBC investment category:
Multi Asset
Investment type:
Multi Asset / Balanced
Investment style:
Multi Asset / Balanced
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 30-09-2021)
Asset allocation
Equity holdings geographical allocation
Equity holdings sector allocation
Bond holdings sector allocation
Top 5 bond holdings country exposure
Country exposure %
United States 57.64
France 4.70
Netherlands 3.55
Canada 3.32
United Kingdom 3.29
Top 10 holdings
Holding % of net asset
Ultra US Treasury Bond Future Dec 21 2.76
Top 10 underlying holdings
% of asset in Top 10 holdings -
Schroder ISF MA Gr and Inc I Inc USD 2.51
Top 10 underlying holdings
Holding % of net asset
Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- 1.50
Stanley Black & Decker Inc Unit 1.21
Macquarie Bank Limited, London Branch 6.125% 1.15
Sea Ltd 0.25% 1.03
Bunge Ltd Pfd 1.01
Schroder ISF China Lcl Ccy Bd I Acc USD 0.97
Aptiv PLC PRF CONVERT 15/06/2023 USD 0.01 - Ser A 0.96
Meituan 0.90
JPMorgan Chase Bank, National Association 0.87
Broadcom Inc Broadcom Inc 8 % Mandatory Convertible Preferred Stock Ser A 0.86
% of asset in Top 10 holdings 10.47
Schroder ISF Sust Glbl Gr & Inc I DisUSD 2.02
Top 10 underlying holdings
Holding % of net asset
Microsoft Corp 4.94
The Toronto-Dominion Bank 3.62
Taiwan Semiconductor Manufacturing Co Ltd 3.48
Alphabet Inc Class A 3.46
GlaxoSmithKline PLC 3.21
Nestle SA 3.16
BOC Hong Kong Holdings Ltd 3.10
Reckitt Benckiser Group PLC 3.06
Texas Instruments Inc 2.92
UnitedHealth Group Inc 2.85
% of asset in Top 10 holdings 33.79
E-mini Financial Select Sector Future Dec 21 2.09
Top 10 underlying holdings
% of asset in Top 10 holdings -
Schroder ISF Em MA Inc I Dis USD M 1.78
Top 10 underlying holdings
Holding % of net asset
Schroder ISF Emerging Europe I Acc EUR 8.46
Taiwan Semiconductor Manufacturing Co Ltd 3.67
Samsung Electronics Co Ltd Participating Preferred 1.88
Tencent Holdings Ltd 1.75
Samsung Electronics Co Ltd 1.48
Alibaba Group Holding Ltd Ordinary Shares 1.39
LG Chem Ltd Participating Preferred 1.20
Kingsoft Corp 0.625% 1.08
MediaTek Inc 1.07
Cheniere Energy Inc 4.25% 1.05
% of asset in Top 10 holdings 23.04
Schroder ISF Sctsd Crdt I DisQV 1.55
Top 10 underlying holdings
Holding % of net asset
10 Year Treasury Note Future Dec 21 9.69
United States Treasury Bills 3.96
Primrose Residential 2021-1 Designated Activity Company 0.198% 1.41
Slm Student Loan Trust 2004-2 0.001% 1.31
SLM Student Loan Trust 2.3043% 1.11
Eagle Re 2020-1 Limited 1.536% 1.06
RMAC Securities No. 1 PLC 0.2543% 1.03
Barings Clo Ltd 2013-I 0.9883% 1.03
Alba 2007 - 1 plc 0.2523% 1.02
% of asset in Top 10 holdings 22.88
Euro Stoxx 50 Future Dec 21 1.44
Top 10 underlying holdings
% of asset in Top 10 holdings -
E-mini S&P 500 Future Dec 21 1.04
Top 10 underlying holdings
% of asset in Top 10 holdings -
E-mini Russell 2000 Index Future Dec 21 0.99
Top 10 underlying holdings
% of asset in Top 10 holdings -
Nikkei 225 Future Dec 21 0.95
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 17.10
Fund Performance
(as of 31-12-2021)
Fund: Schroder ISF Global Multi-Asset Income (Reinvest) SGD-Hedged
Fund indexed performance (initial value =100%). Performance statistics are based on offer-bid prices of the fund with dividend reinvested, in fund class currency
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • YTD
  • -0.11
  • -10.83
  • 5.72
  • -3.12
  • -0.88
  • -0.88
  • -
  • -
  • -
  • -
  • -
  • -
Fund Price Information
(as of 21-01-2022)
Fund price movement is calculated on Offer to Bid basis in fund class currency (SGD).
Indicative fund price:
  • NAV:
SGD 97.0932
  • Bid:
  • Offer:
Change vs previous trading day:
52 week low-high:
SGD 97.0932 - SGD 102.0942
Fund price information is provided based on the latest fund trading date.
Dividend Information
(as of 31-12-2021)
Target distribution frequency:
Dividend yield:
Last dividend paid (per unit):
SGD 0.37
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 31-12-2021)
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.
Sharpe ratio: Morningstar Asia Limited used the USD as the risk free factor for calculation
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 142.83
(as of 31-12-2021)
Fund manager
(Start date):
Remi Olu-Pitan (01-09-2018)
Dorian Carrell (01-09-2018)
Fund house:
Schroder Investment Management (Singapore) Ltd
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.