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Fund Code: AGGCR
AB FCP I - Global High Yield Portfolio (Class AT / Reinvest) - CNH H       
Risk Level: 3
Offering Document: 
 
Investment Objective
The investment objective of the Portfolio is to produce high current income as well as overall total return. In seeking to achieve this objective, the Portfolio will invest primarily, and at any time at least two-thirds of its assets in, a portfolio of high yielding debt securities of issuers located throughout the world, including U.S. issuers and issuers in emerging market countries.
Investment Strategy
HSBC investment category:
High Yield Bond
Investment type:
Fixed Income
Investment style:
Fixed Income
Interest rate sensitivity:
Medium
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 30-04-2021)
Asset allocation
Stock
Bond
Cash
Other
1.82%
104.80%
-11.67%
5.05%
Bond holdings sector allocation
Top 5 bond holdings country exposure
Country exposure %
United States 64.03
Brazil 4.38
Mexico 3.39
South Africa 3.02
Canada 1.96
Top 10 holdings
Holding % of net asset
10 Year Treasury Note Future June 21 4.68
Top 10 underlying holdings
% of asset in Top 10 holdings -
AB Em Mkt Lcl Ccy Dbt ZT 1.00
Top 10 underlying holdings
Holding % of net asset
IRS #514515 REC FIXED 2.4710 2.471% 23/03/2026 Pay 9.64
IRS #514427 REC FIXED 4.8000 4.8% 27/02/2023 Pay 8.20
Poland (Republic of) 2.25% 5.96
Russian Federation 7.05% 5.28
IRS #514517 REC FIXED 0.4390 .439% 23/03/2024 Pay 5.14
IRS RTP 2 09/20/2021 2% 20/09/2021 Receive 5.06
Mexico (United Mexican States) 8% 4.74
Thailand (Kingdom Of) 3.775% 4.69
Ministerio de Hacienda y Credito Publico 6.25% 4.67
Brazil (Federative Republic) 10% 4.55
% of asset in Top 10 holdings 57.94
Brazil (Federative Republic) 10% 2.17
Top 10 underlying holdings
% of asset in Top 10 holdings -
United States Treasury Bonds 6% 1.76
Top 10 underlying holdings
% of asset in Top 10 holdings -
United States Treasury Bonds 6.75% 1.34
Top 10 underlying holdings
% of asset in Top 10 holdings -
CDX-NAHYS36V1-5Y CDSS 589987 5% 20/06/2026 1.22
Top 10 underlying holdings
% of asset in Top 10 holdings -
AB Euro High Yield S Acc 0.78
Top 10 underlying holdings
Holding % of net asset
AB Financial Credit ZT USD Inc 3.12
Netflix, Inc. 3.625% 1.38
Altice Luxembourg S.A. 8% 1.30
Telefonica Europe B V 4.375% 1.23
Carnival Corporation 7.625% 1.03
UniCredit S.p.A. 4.875% 1.02
ZF Europe Finance B.V. 2% 0.91
Deutsche Bank AG 4.5% 0.90
Nidda Healthcare Holding GmbH 3.5% 0.90
Ziggo Bond Company B.V. 3.375% 0.88
% of asset in Top 10 holdings 12.67
5 Year Treasury Note Future June 21 1.14
Top 10 underlying holdings
% of asset in Top 10 holdings -
South Africa (Republic of) 7.75% 0.91
Top 10 underlying holdings
% of asset in Top 10 holdings -
ITRAXX-XOVERS35V1-5Y CDSS 5891 5% 20/06/2026 0.89
Top 10 underlying holdings
% of asset in Top 10 holdings -
AB Financial Credit ZT USD Inc 0.70
Top 10 underlying holdings
Holding % of net asset
UBS Group Funding (Switzerland) AG 5% 5.77
Ally Financial Inc FXDFR PRF PERPETUAL USD 1000 - Ser B 4.97
NatWest Group plc 5.125% 4.92
Caixabank S.A. 5.875% 4.87
JPMorgan Chase & Co DR 4.34
Erste Group Bank AG 4.25% 4.14
KBC Groupe SA 4.25% 4.14
Commerzbank Aktiengesellschaft 6.125% 3.96
Intesa Sanpaolo S.p.A. 3.75% 3.78
HSBC Holdings plc 6.375% 3.76
% of asset in Top 10 holdings 44.64
CDX-NAHYS34V5-5Y CDSS 555127 5% 20/06/2025 0.85
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 15.96
Fund Performance
(as of 31-05-2021)
Fund: AB FCP I - Global High Yield Portfolio (Class AT / Reinvest) - CNH H
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
  • 16.62
  • 10.57
  • -9.15
  • 7.73
  • -2.20
  • -2.39
  • -
  • -
  • -
  • -
  • -
  • -
Fund Price Information
(as of 18-06-2021)
Fund price movement is calculated on Offer to Bid basis in fund class currency (CNY).
Indicative fund price:
  • NAV:
CNH 84.95
  • Bid:
-
  • Offer:
-
Change vs previous trading day:
-0.02%
52 week low-high:
CNH 78.33 - CNH 85.74
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:
8.64%
Last dividend paid (per unit):
CNH 0.64
Last ex-dividend date:
28-05-2021
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 31-03-2021)
Average current yield:
6.66%
Average yield to maturity:
-
Average duration:
4.35 years
Average credit quality:
B
Credit quality breakdown:
% %
AAA 8.64 BB 30.40
AA 0.28 B 25.34
A 0.47 Below B 12.41
BBB 16.50 Not Rated 5.96
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:
3.39%
Standard deviation:
14.35%
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:
0.0625
Annual management fee (maximum):
0.0125
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:
CNY
Fund class inception date:
10-02-2012
Fund share class size (Million):
CNH 287.73
(as of 28-05-2021)
Fund manager
(Start date):
DouglasJ. Peebles (22-09-1997)
GershonM. Distenfeld (22-09-1997)
MatthewS. Sheridan (31-01-2017)
Fund house:
AllianceBernstein (Luxembourg) S.à r.l.
Morningstar Rating:

ISIN:
LU0747275229
Initial Investment Amount:
10000
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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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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