Fact sheet: HSBC Corporate Bond

Fund information
Fund name
HSBC Corporate Bond C Acc
Fund manager company
HSBC Gbl Asset Mgt (HSBC Inv)
Fund type
OEIC
Fund managers
  • Mohamed Imtiaz Siddeeqsince 30/04/2012
Fund objective
The fund seeks to provide a regular and competitive level of income from an underlying portfolio of predominantly Sterling Corporate Bonds. The fund will invest predominantly in corporate bonds and other fixed interest securities. The ACD may also invest at its discretion in other transferable securities, money market instruments, deposits, cash and near cash and collective investment schemes. The Fund may, in addition to its other investment powers, use exchange traded and over the counter derivatives and forward currency contracts for investment purposes. Using these investment powers for investment purposes means, in particular, maintaining positions in these investments for the long term rather than just for tactical short-term purposes. However, where derivatives are used for the purposes of meeting the investment objective of the fund it is not intended that the use of derivatives would raise the overall risk profile of the fund.
Benchmark
  • iBoxx Sterling Corporates Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
7.9%
1 Year rank in sector
21/92
Sector
UT Sterling Corporate Bond
Yield
3.6%
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.
0.43%
Fund size
£1,118m (£459m 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.
40
Mid price
271.4
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond12.5%
F&C Instl Lg Dtd Corp Bd12%
Henderson Inst Long Dat Cr11.9%
Insight UK Corp Lg Mat Bd11.9%
Newton Long Corporate Bond11.4%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK43.4%
    USA13%
    France9.7%
    Netherlands9%
    Not Specified5.1%
  • Fixed Interest96%
    Others2%
    Mutual Funds1.3%
    Cash & Cash Equivalents0.7%
  • UK Fixed Interest43.4%
    US Fixed Interest13%
    French Fixed Interest9.7%
    Dutch Fixed Interest9%
    Global Fixed Interest5.1%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.8%-5.7%3.2%7.9%20.9%40.5%
Sector-1.4%-4.6%2.6%6.7%17.6%34.2%
Rank within sector77 / 9775 / 9420 / 9421 / 9214 / 8723 / 71
Quartile4th4th1st1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund8.7%-0.2%11.4%0.8%13.5%
Sector7.3%-0.3%10.1%0.2%12.1%
Rank within sector18 / 9252 / 9029 / 8739 / 7834 / 71
Quartile1st3rd2nd2nd2nd
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.
-0.06
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.
1.21
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.
0.43
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%.
6.46
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.
1.42
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.
0.68
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.
0.98
Price movement
52 week high289
52 week low245.2
Current bid price-
Current offer price-
Current mid price271.4
Region
1UK43.43%
2USA12.98%
3France9.66%
4Netherlands8.99%
5Not Specified5.07%
6Mexico2.68%
7Australia2.57%
8Ireland2.47%
9Italy2.37%
Industry sector
1Fixed Interest95.98%
2Others2.04%
3Mutual Funds1.27%
4Cash & Cash Equivalents0.71%
Asset type
1UK Fixed Interest43.43%
2US Fixed Interest12.98%
3French Fixed Interest9.66%
4Dutch Fixed Interest8.99%
5Global Fixed Interest5.07%
6Mexican Fixed Interest2.68%
7Australian Fixed Interest2.57%
8Irish Fixed Interest2.47%
9Italian Fixed Interest2.37%
Individual holdings
1TREASURY 4.5% GILT 7/9/2034 GBP0.011.62%
2FIDIS RETAIL FIN SERV 1.625 9/29/20211.23%
3TREASURY 3.5% GILT 22/01/45 GBP1.1%
4THAMES WATER UTILITIES CAYMAN FIN 4% GTD UNWRAPPED BDS 19/06/25 GBP1000001.09%
5E.ON AG 6.375 6/7/20321.08%
6CITIGROUP INC 5.125% BDS 12/12/18 GBP10000.94%
7TREASURY 2% GILT 07/09/25 GBP0.010.88%
8ELECTRICITE DE FRANCE 6.000 1/23/21140.87%
9WAL-MART STORES INC 5.625% BDS 27/03/34 GBP10000.85%
Management
Fund manager group
HSBC
Fund manager company
HSBC Gbl Asset Mgt (HSBC Inv)
Fund type
OEIC
Fund objective
The fund seeks to provide a regular and competitive level of income from an underlying portfolio of predominantly Sterling Corporate Bonds. The fund will invest predominantly in corporate bonds and other fixed interest securities. The ACD may also invest at its discretion in other transferable securities, money market instruments, deposits, cash and near cash and collective investment schemes. The Fund may, in addition to its other investment powers, use exchange traded and over the counter derivatives and forward currency contracts for investment purposes. Using these investment powers for investment purposes means, in particular, maintaining positions in these investments for the long term rather than just for tactical short-term purposes. However, where derivatives are used for the purposes of meeting the investment objective of the fund it is not intended that the use of derivatives would raise the overall risk profile of the fund.
Benchmark
  • iBoxx Sterling Corporates Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Mohamed Imtiaz Siddeeq30/04/2012Mohamed Siddeeq is a fund manager in the London fixed income team and started working in the industry in 1986 with the HSBC group. During his time with the group he has set up businesses in Asian fixed income and credit derivatives European high yield and managed investments on behalf of the HSBC balance sheet and Structured Investment Vehicles. Prior to re-joining the firm in 2009 Mohamed worked for RAB Capital managing an Asian fixed income fund. He holds BSc in Physics from the University of Bristol and the Investment Management Certificate.
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
HSBC Corporate Bond C Acc
Initial charge-
Annual charge0.3%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.43%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price271.4
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGTNE
HSBC Corporate Bond C Inc
Initial charge-
Annual charge0.3%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.43%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price121.5
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGTND
HSBC Corporate Bond Inst Acc
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.03%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price305.3
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeHI15
HSBC Corporate Bond Inst Gr Acc
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.03%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price306
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNDXF
HSBC Corporate Bond Inst Inc
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.03%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price222.5
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE2P5
HSBC Corporate Bond Ret Acc
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price265.2
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCJ25
HSBC Corporate Bond Ret Inc
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price120.9
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeCJ24
HSBC Corporate Bond Z Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGTNG
HSBC Corporate Bond Z Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGTNF
Data provided by

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