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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:
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Fund Code: HGDSA
HSBC GIF Global Short Duration Bond AC SGD       
Risk Level: 1
Offering Document: 
 
Investment Objective
The sub-fund aims to provide long term total return by investing in a portfolio of bonds with an average duration expected to be between 6 months and 3 years, while promoting ESG characteristics within the meaning of Article 8 of SFDR. The sub-fund aims to do this with a higher ESG rating than the Bloomberg Global Aggregate 1-3 Years Hedged USD (the “Reference Benchmark”), calculated as a weighted average of the ESG ratings of the issuers of the sub-fund’s investments, versus the weighted average of the ESG ratings of the Reference Benchmark constituents. The weighted averages of the ESG ratings for both the sub-fund and Reference Benchmark will be calculated at sub-fund and asset class level, which enables the sub-fund’s ESG performance to be evaluated at sub-fund or asset class level.
Investment Strategy
HSBC investment category:
Global Fixed Income
Investment type:
Fixed Income
Investment style:
Fixed Income
Interest rate sensitivity:
Low
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 31-05-2024)
Asset allocation
Stock
Bond
Cash
Other
0.00%
115.11%
-18.21%
3.09%
Top 5 bond holdings country exposure
Country exposure %
United States 38.75
United Kingdom 12.81
Germany 10.89
France 6.17
Ireland 4.25
Top 10 holdings
Holding % of net asset
2 Year Treasury Note Future Sept 24 22.55
Top 10 underlying holdings
% of asset in Top 10 holdings -
HSBC US Dollar ESG Liquidity Y USD Inc 1.25
Top 10 underlying holdings
Holding % of net asset
Svenska Handelsbanken Ab 4.21
Cooperatieve Rabobank Ua 4.21
Anz New Zealand (Int'l) Ltd. 4.21
Banco Santander (Brasil) S.A. 4.55% 4.21
Royal Bank of Canada 4.54% 4.21
Mizuho Financial Group Inc 3.61
The Toronto-Dominion Bank 4.56% 3.01
Cibc World Markets Corp 3.01
Credit Agricole Group 2.77
Nestle Sa 2.40
% of asset in Top 10 holdings 35.86
Euro Schatz Future June 24 4.43
Top 10 underlying holdings
% of asset in Top 10 holdings -
Germany (Federal Republic Of) 0.25% 4.02
Top 10 underlying holdings
% of asset in Top 10 holdings -
United States Treasury Notes 2.375% 2.63
Top 10 underlying holdings
% of asset in Top 10 holdings -
Germany (Federal Republic Of) 0% 2.46
Top 10 underlying holdings
% of asset in Top 10 holdings -
Germany (Federal Republic Of) 0% 1.56
Top 10 underlying holdings
% of asset in Top 10 holdings -
New Zealand (Government Of) 0.25% 1.46
Top 10 underlying holdings
% of asset in Top 10 holdings -
United States Treasury Notes 2.5% 1.44
Top 10 underlying holdings
% of asset in Top 10 holdings -
United Kingdom of Great Britain and Northern Ireland 0.5% 1.34
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 43.13
Fund Performance
(as of 30-06-2024)
Fund: HSBC GIF Global Short Duration Bond AC SGD
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
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023
  • YTD
  • 1.14
  • -0.34
  • -0.04
  • -8.77
  • 0.86
  • 1.33
  • -
  • -
  • -
  • -
  • -
  • -
Fund Price Information
(as of 23-07-2024)
Fund price movement is calculated on Offer to Bid basis in fund class currency (SGD).
Indicative fund price:
  • NAV:
SGD 11.673
  • Bid:
-
  • Offer:
-
Change vs previous trading day:
0.09%
52 week low-high:
SGD 10.754 - SGD 11.673
Fund price information is provided based on the latest fund trading date.
Yield And Credit Information
(as of 31-05-2024)
Average current yield:
3.81%
Average yield to maturity:
5.30%
Average duration:
2.54 years
Average credit quality:
BBB
Credit quality breakdown:
% %
AAA 15.95 BB 7.52
AA 14.12 B 0.72
A 23.07 Below B 0.00
BBB 36.30 Not Rated 2.32
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 30-06-2024)
Annualised return:
-0.28%
Standard deviation:
2.61%
Sharpe ratio:
-1.04
Alpha:
-0.83
Beta:
0.32
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:
0.02
Annual management fee (maximum):
0.005
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:
SGD
Fund class inception date:
16-06-2016
Fund share class size (Million):
USD 0.58
(as of 28-06-2024)
Fund manager
(Start date):
ErnstJosef Osiander (27-02-2015)
Oliver Boulind (30-04-2019)
Shamil Gohil (30-09-2021)
Fund house:
HSBC Global Asset Management (Singapore) Limited
Morningstar Rating:

(as of 30-06-2024)
ISIN:
LU1301846850
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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