Fact sheet: HSBC GIF Gbl AsBk Bd

Fund information
Fund name
HSBC GIF Global Asset-Backed Bond ZC USD GBP
Fund manager company
HSBC Investment Funds (Lux) SA
Fund type
Offshore Fund
Fund manager
No data available.
Fund objective
The sub-fund invests for total return primarily in Asset Backed Securities ("ABS") and Mortgage Backed Securities ("MBS"). The sub-fund may also invest in other fixed income instruments issued globally denominated in a range of currencies, including but not limited to, corporate bonds, government securities, and cash. Issuers of these securities may be located in any country. The sub-fund may invest up to 100% of its assets in ABS and MBS securities whose underlyings include, but are not limited to, mortgages (residential and commercial), auto loans, corporate loans, bonds, credit cards, student loans and other receivables. The sub-fund's investments in ABS and MBS will be restricted to securities rated, at the time of purchase, at least BBB- or equivalent as measured by one or more of the independent rating agencies such as Moody's or Standard & Poor's. The sub-fund may also invest in financial derivative instruments such as futures, options, swaps (including, but not limited to, credit default swaps and Total Return Swaps), forward currency contracts and in other currency and credit derivatives, as well as other structured products. The sub-fund intends to use such financial derivative instruments for, inter alia, the purposes of managing interest and credit risks and currency positioning and also to enhance return when the Investment Adviser believes the investment in financial derivative instruments will assist the sub-fund in achieving its investment objectives.
Benchmark
No data available.
Investment style
No data available.
Investment method
Fixed Interest
Quick stats
1 Year return
19.4%
1 Year rank in sector
8/297
Sector
FO Fixed Int - Global
Yield
-
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.
0.2%
Fund size
£104m (£35m 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.
76
Top in this sector
Fund name1 Year
Capital Group GHIOL43.9%
Dodge & Cox Global Bond29.8%
CG Real Return25.4%
SKAGEN Tellus22.2%
La Mondiale Global Bond21.1%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%5.7%9.5%19.4%43.6%-
Sector0.9%-1.1%-0.4%5.2%6.3%13%
Rank within sector253 / 3221 / 3155 / 3098 / 2974 / 233-
Quartile4th1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund-24.2%4.9%11.5%-
Sector0.3%4.6%-1.6%3.7%-1.6%
Rank within sector-4 / 29816 / 27120 / 233-
Quartile1st1st1st
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.
12.59
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.
0.49
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.
1.03
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%.
9.52
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.
9.48
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.
1.15
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.
0.02
Price movement
52 week high111.57
52 week low89.69
Current bid price-
Current offer price-
Current mid price109.8
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
1TAURUS CMBS PLC 1 FRN 17/11/20264.09%
2CENT CLO LP 2.2770 27-JUL-263.84%
3EATON VANCE CDO LTD 1.2682 15-AUG-223.82%
4DECO 2.3420 07-NOV-243.45%
5CARLYLE GLOBAL MARKET STRATEGI 1.3500 21-SEP-293.08%
6CALLIDUS DEBT PARTNERS FUND LT 3.2773 23-OCT-212.99%
7AMERICAN MONEY MANAGEMENT CORP 3.2300 26-MAY-282.92%
8OCTAGON INVESTMENT PARTNERS 26 3.1243 15-APR-272.92%
9INVITATION HOMES TRUST 2.5413 17-JUN-312.89%
Management
Fund manager group
HSBC
Fund manager company
HSBC Investment Funds (Lux) SA
Fund type
Offshore Fund
Fund objective
The sub-fund invests for total return primarily in Asset Backed Securities ("ABS") and Mortgage Backed Securities ("MBS"). The sub-fund may also invest in other fixed income instruments issued globally denominated in a range of currencies, including but not limited to, corporate bonds, government securities, and cash. Issuers of these securities may be located in any country. The sub-fund may invest up to 100% of its assets in ABS and MBS securities whose underlyings include, but are not limited to, mortgages (residential and commercial), auto loans, corporate loans, bonds, credit cards, student loans and other receivables. The sub-fund's investments in ABS and MBS will be restricted to securities rated, at the time of purchase, at least BBB- or equivalent as measured by one or more of the independent rating agencies such as Moody's or Standard & Poor's. The sub-fund may also invest in financial derivative instruments such as futures, options, swaps (including, but not limited to, credit default swaps and Total Return Swaps), forward currency contracts and in other currency and credit derivatives, as well as other structured products. The sub-fund intends to use such financial derivative instruments for, inter alia, the purposes of managing interest and credit risks and currency positioning and also to enhance return when the Investment Adviser believes the investment in financial derivative instruments will assist the sub-fund in achieving its investment objectives.
Benchmark
No data available.
Investment style
No data available.
Investment method
Fixed Interest
Fund manager
No data available.
Compliance
Reporting Fund Status, UCIS, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Switzerland, France, United Kingdom, Luxembourg, Offshore
HSBC GIF Global Asset-Backed Bond IC USD
Initial charge5.54%
Annual charge0.45%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFNPU
HSBC GIF Global Asset-Backed Bond ZC USD
Initial charge5.54%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.2%
Total expense ratio (TER)0.2%
Bid price-
Offer price-
Mid price135.67
CurrencyUSD
Price updated30/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF91T
HSBC GIF Global Asset-Backed Bond ZC USD EUR
Initial charge5.54%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.2%
Total expense ratio (TER)0.2%
Bid price-
Offer price-
Mid price128.628
CurrencyEUR
Price updated30/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF91U
HSBC GIF Global Asset-Backed Bond ZC USD GBP
Initial charge5.54%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.2%
Total expense ratio (TER)0.2%
Bid price-
Offer price-
Mid price109.796
CurrencyGBP
Price updated30/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF91V
HSBC GIF Global Asset-Backed Bond ZC USD PLN
Initial charge5.54%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.2%
Total expense ratio (TER)0.2%
Bid price-
Offer price-
Mid price566.328
CurrencyPLN
Price updated30/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF91W
HSBC GIF Global Asset-Backed Bond ZC USD SGD
Initial charge5.54%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.2%
Total expense ratio (TER)0.2%
Bid price-
Offer price-
Mid price196.003
CurrencySGD
Price updated30/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF91X
Data provided by

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