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Fund Code: SHYUC
Schroder ISF Global High Yield Fund (Class A / Dis / Cash) (Closed for subscription)      
Risk Level: 4
Offering Document: 
Investment Objective
The fund aims to provide income and capital growth by investing in below investment grade fixed and floating rate securities issued worldwide. The fund invests at least two-thirds of its assets in fixed and floating rate securities that have a below investment grade credit rating (as measured by Standard & Poor’s or any equivalent grade of other credit rating agencies). The securities may be denominated in various currencies and issued by governments, government agencies, supra-nationals and companies worldwide. The fund may invest up to 10% of its assets in contingent convertible bonds. The fund may also invest in money market instruments and hold cash. Under exceptional circumstances (e.g. market crash or major crisis), the fund may be invested temporarily up to 100% of its net asset value in liquid assets such as bank deposits, certificates of deposit, commercial paper and treasury bills for cash flow management.
Investment Strategy
HSBC investment category:
High Yield Bond
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 28-02-2021)
Asset allocation
Total number of equity holdings: 0
Total number of bond holdings : 602
Bond holdings sector allocation
Top 5 bond holdings country exposure
Country exposure %
United States 66.07
United Kingdom 5.00
Germany 3.78
Italy 3.48
France 3.34
Top 10 holdings
Holding % of net asset
Kraft Heinz Foods Company 4.875% 1.12
Top 10 underlying holdings
% of asset in Top 10 holdings -
Sell Protection on ITRAXX.EUROPE.CROSSOVER.34-V2.Dec.2025 1.02
Top 10 underlying holdings
% of asset in Top 10 holdings -
United States Treasury Bills 0.76
Top 10 underlying holdings
% of asset in Top 10 holdings -
CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.25% 0.65
Top 10 underlying holdings
% of asset in Top 10 holdings -
CCO Holdings, LLC/ CCO Holdings Capital Corp. 5% 0.61
Top 10 underlying holdings
% of asset in Top 10 holdings -
Community Health Systems Incorporated 6.625% 0.60
Top 10 underlying holdings
% of asset in Top 10 holdings -
Netflix, Inc. 4.875% 0.59
Top 10 underlying holdings
% of asset in Top 10 holdings -
Ford Motor Credit Company LLC 5.125% 0.57
Top 10 underlying holdings
% of asset in Top 10 holdings -
Liberty Mutual Group, Inc. 4.3% 0.56
Top 10 underlying holdings
% of asset in Top 10 holdings -
Bausch Health Companies Inc 5.5% 0.55
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 7.03
Fund Performance
(as of 31-05-2021)
Fund: Schroder ISF Global High Yield Fund (Class A / Dis / 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
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • YTD
  • 9.88
  • 3.53
  • -7.85
  • 11.31
  • 1.61
  • -0.84
  • -
  • -
  • -
  • -
  • -
  • -
Fund Price Information
(as of 18-06-2021)
Fund price movement is calculated on Offer to Bid basis in fund class currency (USD).
Indicative fund price:
  • NAV:
USD 19.5053
  • Bid:
  • Offer:
Change vs previous trading day:
52 week low-high:
USD 17.7753 - USD 19.529
Fund price information is provided based on the latest fund trading date.
Dividend Information
(as of 31-05-2021)
Target distribution frequency:
Dividend yield:
Last dividend paid (per unit):
USD 0.06
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.
Yield And Credit Information
(as of 28-02-2021)
Average current yield:
Average yield to maturity:
Average duration:
3.99 years
Average credit quality:
Credit quality breakdown:
% %
AAA 0.00 BB 52.94
AA -0.40 B 28.54
A 0.06 Below B 8.48
BBB 7.32 Not Rated 3.05
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:
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:
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 146.36
(as of 31-05-2021)
Fund manager
(Start date):
Martha Metcalf (31-12-2015)
Fund house:
Schroder Investment Management (Singapore) Ltd
Morningstar Rating:

(as of 31-05-2021)
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.