Fact sheet: HSBC Common Fund for Income

Fund information
Fund name
HSBC Common Fund for Income
Fund manager company
HSBC Gbl Asset Mgt (HSBC Inv)
Fund type
Unit Trust
Fund manager
  • HSBC Investments(UK) Limitedsince 04/04/1994
Fund objective
To provide a regular and competitive level of income from an underlying portfolio of predominantly Sterling Government bonds.
Benchmark
  • FTSE - A British Government All Stocks Index
Investment style
Active
Investment method
None
Quick stats
1 Year return
6.5%
1 Year rank in sector
13/37
Sector
UT UK Gilts
Yield
2.9%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.49%
Fund size
£18m (£16m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
51
Top in this sector
Fund name1 Year
Insight UK Gov Lg Mty bond12.2%
Newton Long Gilt12.1%
Blackrock Inst Bd Over 15 Yr Glt12.1%
Aberdeen Stg Lg Dtd Gov Bd11.8%
Schroder Inst Lg Dtd StgBd11.7%
...more in UT UK Gilts

Performance snapshot

Holdings snapshot

  • UK98.4%
    Money Market1.6%
  • Government Bonds92%
    Corporate Bonds5.3%
    Money Market1.6%
    Others1.1%
  • UK Gilts92%
    Global Corporate Fixed Interest5.3%
    Money Market1.6%
    Others1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.4%-7.7%2.5%6.5%19.2%20.3%
Sector-1%-7.5%2.9%7.9%23.1%24.1%
Rank within sector8 / 3624 / 379 / 3713 / 3718 / 3615 / 32
Quartile1st3rd1st2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund6.8%0.9%11.8%-3.2%3%
Sector9%-0.1%14.3%-4.7%2.2%
Rank within sector25 / 372 / 3726 / 363 / 357 / 32
Quartile3rd1st3rd1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
5.49
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.21
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.49
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
6.49
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
7.79
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.07
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.04
Price movement
52 week high134.2
52 week low117.7
Current bid price-
Current offer price-
Current mid price123
Region
1UK98.41%
2Money Market1.59%
Industry sector
1Government Bonds92.02%
2Corporate Bonds5.25%
3Money Market1.59%
4Others1.14%
Asset type
1UK Gilts92.02%
2Global Corporate Fixed Interest5.25%
3Money Market1.59%
4Others1.14%
Individual holdings
1TREASURY 4.750% 07/03/202014.71%
2TREASURY 4.25% GILT 07/06/2032 GBP0.019.54%
3TREASURY 4.25% GILT 7/12/20278.21%
4TREASURY 5% GILT 07/03/18 GBP7.59%
5TREASURY 1.75% GILT 07/09/22 GBP0.017.38%
6TREASURY 4.25% GILT 7/12/466.84%
7TREASURY 4.5% GILT 07/03/2019 GBP0.015.65%
8TREASURY 4.25% GILT 7/9/39 GBP0.015.39%
9TREASURY 4.25% GILT 07/12/404.61%
Management
Fund manager group
HSBC
Fund manager company
HSBC Gbl Asset Mgt (HSBC Inv)
Fund type
Unit Trust
Fund objective
To provide a regular and competitive level of income from an underlying portfolio of predominantly Sterling Government bonds.
Benchmark
  • FTSE - A British Government All Stocks Index
Investment style
Active
Investment method
None
Fund manager
NameSinceBiography
HSBC Investments(UK) Limited04/04/1994The Quantitative Techniques (QT) is part of the Securities division of HSBC. Established in 1987, QT currently consists of 12 analysts, with extensive proprietary database systems and software. QT offers a comprehensive Indexation Advisory Serviceto institutional investors. By using QT`s services, clients can track the performance of any significant market, region, or industrial classification. QT currently has some £11 bn (US$18 bn) under its Indexation Advisory Service.
Compliance
IA Recognised, UCIS
Domicile
No data available.
Fund for sale in
United Kingdom
HSBC Common Fund for Income
Initial charge1%
Annual charge0.3%
Min single investment£2,500
Min regular saving£2,500
Available in ISANo
Ongoing charge (OCF)0.49%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price123
CurrencyGBX
Price updated29/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF201
HSBC Common Fund for Income A Inc
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.14%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price125.4
CurrencyGBX
Price updated29/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code04S7
Data provided by

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