Important Risk Warning:
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  • Unit Trusts are investment products and some may involve derivatives. The value of investments and units may go down and up, and the investor may not get back the original sum invested. Past performance is not necessarily indicative of future performance. In a worst case scenario, the value of the fund may worth substantially less than the original amount you have invested (and in an extreme case could be worth nothing).
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Selecting products with risk level relative to your attitude towards investment risk.
At HSBC, we offer a full range of products for your consideration with respect to your investment objective, investment tenor and your attitude according to the table below.
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:
Risk attitude Funds with risk level commensurate
Secure Risk Level 0
Very Cautious Risk Level 1
Cautious Risk Level 1 – 2
Balanced Risk Level 1 – 3
Adventurous Risk Level 1 – 4
Speculative Risk Level 1 – 5
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Fund Code: PIFHC
PIMCO GIS Income Fund Administrative Income HKD cash       
Risk Level: 3
Offering Document: 
 
Investment Objective
The primary investment objective of the Fund is to seek high current income, consistent with prudent investment management. Long-term capital appreciation is a secondary objective.
Investment Strategy
HSBC investment category:
Global Bond
Investment type:
Fixed Income
Investment style:
Fixed Income
Interest rate sensitivity:
Low
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 30-06-2020)
Asset allocation
Stock
Bond
Cash
Other
0.85%
122.73%
-30.35%
6.78%
Bond holdings sector allocation
Top 5 bond holdings country exposure
Country exposure %
United States 71.12
Mexico 5.30
United Kingdom 4.73
France 2.96
Russia 2.73
Top 10 holdings
Holding % of net asset
Federal National Mortgage Association 3% 7.85
Top 10 underlying holdings
% of asset in Top 10 holdings -
PIMCO US Dollar S/T Fl NAV Z USD Inc 2.85
Top 10 underlying holdings
Holding % of net asset
United States Treasury Bills 0% 8.06
United States Treasury Bills 0% 7.09
United States Treasury Bills 0% 6.45
United States Treasury Bills 0% 5.74
Federal Home Loan Banks 0.17% 3.55
United States Treasury Bills 0% 3.55
United States Treasury Bills 0% 2.97
Agence Francaise Development 0.37% 2.82
Federal National Mortgage Association 0.38% 1.94
Landeskreditbank Baden-Wuerttemberg Foerderbank 0.35% 1.94
% of asset in Top 10 holdings 44.11
Federal National Mortgage Association 2.5% 5.51
Top 10 underlying holdings
% of asset in Top 10 holdings -
Federal National Mortgage Association 3.5% 5.43
Top 10 underlying holdings
% of asset in Top 10 holdings -
Fnma Pass-Thru I 4% 4.41
Top 10 underlying holdings
% of asset in Top 10 holdings -
Federal National Mortgage Association 2.5% 3.52
Top 10 underlying holdings
% of asset in Top 10 holdings -
BNP Paribas Issuance B.V. 2.37% 3.02
Top 10 underlying holdings
% of asset in Top 10 holdings -
Cmbx.Na.Aaa.12 Sp Sal 2.16
Top 10 underlying holdings
% of asset in Top 10 holdings -
Federal National Mortgage Association 4% 1.80
Top 10 underlying holdings
% of asset in Top 10 holdings -
Cmbx.Na.Aaa.10 Sp Gst 1.80
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 38.35
Fund Performance
(as of 30-09-2020)
Fund: PIMCO GIS Income Fund Administrative Income HKD cash
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
  • 2015
  • 2016
  • 2017
  • 2018
  • 2019
  • YTD
  • -
  • -
  • -
  • -5.18
  • 2.72
  • -4.63
  • -
  • -
  • -
  • -
  • -
  • -
Fund Price Information
(as of 22-10-2020)
Fund price movement is calculated on Offer to Bid basis in fund class currency (HKD).
Indicative fund price:
  • NAV:
HKD 9.92
  • Bid:
-
  • Offer:
-
Change vs previous trading day:
0.00%
52 week low-high:
HKD 8.58 - HKD 10.16
Fund price information is provided based on the latest fund trading date.
Dividend Information
(as of 30-09-2020)
Target distribution frequency:
Monthly
Dividend yield:
4.07%
Last dividend paid (per unit):
HKD 0.03
Last ex-dividend date:
29-09-2020
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 30-06-2020)
Average current yield:
4.31%
Average yield to maturity:
4.52%
Average duration:
1.74 years
Average credit quality:
BB
Credit quality breakdown:
% %
AAA 45.00 BB 8.00
AA 4.00 B 7.00
A 9.00 Below B 9.00
BBB 18.00 Not Rated 0.00
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 30-09-2020)
Annualised return:
1.49%
Standard deviation:
5.61%
Sharpe ratio:
0.30
Alpha:
-1.25
Beta:
0.88
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:
0.05
Annual management fee (maximum):
0.0055
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:
HKD
Fund class inception date:
26-04-2017
Fund share class size (Million):
HKD 3,375.27
(as of 30-09-2020)
Fund manager
(Start date):
DanielJ. Ivascyn (30-11-2012)
AlfredT. Murata (30-11-2012)
Joshua Anderson (30-07-2018)
Fund house:
PIMCO Asia Pte Ltd
Morningstar Rating:

(as of 30-09-2020)
ISIN:
IE00BD0YVF41
Initial Investment Amount:
120000
Other fund classes available with HSBC:
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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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