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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: HSYUA
HGIF - Global Short Duration High Yield Bond (AC USD)       
Risk Level: 4
Offering Document: 
 
Investment Objective
The sub-fund invests for long term total return in a portfolio of high yield securities that are related to the USA whilst maintaining low interest rate risk. The sub-fund invests (normally a minimum of 70% of its net assets) in: · Non-Investment Grade and unrated fixed income securities and other higher yielding bonds issued by issuers which are domiciled in, based in, or carry out the larger part of their business in the USA and denominated in or hedged back into US dollars (USD). · Asset Backed Securities (“ABS”) and Mortgage Backed Securities (“MBS”) up to a maximum of 10% of its net assets. However, for liquidity and/or risk management purposes, the sub-fund may also invest up to 30% of its net assets in Investment Grade fixed income securities. The sub-fund may invest up to 10% of its net assets in fixed income securities issued by issuers which are domiciled in, based in, or carry out the larger part of their business in Emerging Markets.
Investment Strategy
HSBC investment category:
Global Bond
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 31-01-2024)
Asset allocation
Stock
Bond
Cash
Other
0.00%
94.09%
0.90%
5.01%
Top 5 bond holdings country exposure
Country exposure %
United States 68.35
France 6.80
Canada 3.85
Germany 3.17
United Kingdom 3.17
Top 10 holdings
Holding % of net asset
Ford Motor Credit Company LLC 4.389% 2.09
Top 10 underlying holdings
% of asset in Top 10 holdings -
HSBC US Dollar Liquidity Y 1.81
Top 10 underlying holdings
Holding % of net asset
Mizuho Financial Group Inc 6.39
People's Republic Of China 5.33
Depository Trust & Clearing Co 4.47
Banco Santander (Brasil) S.A. 5.31% 4.26
Cibc World Markets Corp 3.23
Royal Bank Of Canada 2.12
State Street Corp 1.97
Credit Agricole Group 1.92
Anz New Zealand (Int'l) Ltd. 1.64
Barclays Bank plc 5.38% 1.06
% of asset in Top 10 holdings 32.40
CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.5% 1.82
Top 10 underlying holdings
% of asset in Top 10 holdings -
United Wholesale Mortgage LLC 5.75% 1.71
Top 10 underlying holdings
% of asset in Top 10 holdings -
Dave & Busters, Inc. 7.625% 1.71
Top 10 underlying holdings
% of asset in Top 10 holdings -
Navient Corporation 6.75% 1.41
Top 10 underlying holdings
% of asset in Top 10 holdings -
NOVA Chemicals Corp. 5% 1.37
Top 10 underlying holdings
% of asset in Top 10 holdings -
HudBay Minerals Inc 4.5% 1.36
Top 10 underlying holdings
% of asset in Top 10 holdings -
Standard Buildings Solutions Inc. 5% 1.36
Top 10 underlying holdings
% of asset in Top 10 holdings -
Vistra Operations Co LLC 5.5% 1.32
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 15.95
Fund Performance
(as of 29-02-2024)
Fund: HGIF - Global Short Duration High Yield Bond (AC USD)
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
  • 4.76
  • 1.59
  • 0.56
  • -10.53
  • 6.65
  • -2.73
  • -
  • -
  • -
  • -
  • -
  • -
Fund Price Information
(as of 18-03-2024)
Fund price movement is calculated on Offer to Bid basis in fund class currency (USD).
Indicative fund price:
  • NAV:
USD 14.065
  • Bid:
-
  • Offer:
-
Change vs previous trading day:
0.24%
52 week low-high:
USD 12.792 - USD 14.071
Fund price information is provided based on the latest fund trading date.
Yield And Credit Information
(as of 31-01-2024)
Average current yield:
5.71%
Average yield to maturity:
6.30%
Average duration:
1.65 years
Average credit quality:
BB
Credit quality breakdown:
% %
AAA 0.00 BB 49.58
AA 0.00 B 36.32
A 0.57 Below B 2.01
BBB 8.65 Not Rated 2.86
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 29-02-2024)
Annualised return:
0.58%
Standard deviation:
6.08%
Sharpe ratio:
-0.16
Alpha:
0.05
Beta:
0.64
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):
0.009
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:
12-06-2013
Fund share class size (Million):
USD 2.34
(as of 29-02-2024)
Fund manager
(Start date):
MaryGottshall Bowers (03-09-2013)
Fund house:
HSBC Global Asset Management (Singapore) Limited
Morningstar Rating:

(as of 29-02-2024)
ISIN:
LU0922809933
Initial Investment Amount:
1000
Other fund classes available with HSBC:
Nil
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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.


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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.


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