Fact sheet: HSBC GIF Gbl AsBk Hg Yld Bd

Fund information
Fund name
HSBC GIF Global Asset-Backed High Yield Bond XC 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 long term total return in a portfolio of high yield asset backed bonds. The sub-fund's primary currency exposure is to the US dollar ("USD"). The sub-fund invests (normally a minimum of 90% of its net assets) in higher yielding Asset Backed Securities ("ABS") and Mortgage Backed Securities ("MBS"), including Non-Investment Grade rated, and in other fixed income instruments, including but not limited to, corporate bonds, government securities, and cash. These instruments will be denominated in a range of currencies, but hedged back into USD. The sub-fund's underlying exposures 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 may achieve its investment policy and limits by investing up to 10% of its net assets in units or shares of UCITS and other open-ended funds (including other funds of HSBC Global Investment Funds). 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
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
FO Fixed Int - Global High Yield
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.
0.85%
Fund size
£210m (£119m last year)
Top in this sector
Fund name1 Year
Pioneer SICV-Gbl Hi Yld30.2%
Natixis LoomsSyles HInc23.4%
T. Rowe Price GblHghIncBd13.6%
Franklin High Yield12.6%
Nomura Gbl Hgh Yld Bd12.5%
...more in FO Fixed Int - Global High Yield

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.1%-----
Sector0.2%0.5%4.9%8.4%9.4%32.9%
Rank within sector80 / 82-----
Quartile4th
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector10.1%-2.5%1.4%5.2%15.5%
Rank within sector-----
Quartile
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.
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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.
-
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.
-
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%.
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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.
-
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.
-
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.
-
Price movement
52 week high8.21
52 week low7.68
Current bid price-
Current offer price-
Current mid price8.03
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
1HSBC US DOLLAR LIQUIDITY Y3.73%
2GREENE KING FINANCE PLC 5.7020 15-DEC-342.39%
3AMERICAN MONEY MANAGEMENT CORP 7.8800 26-MAY-282.38%
4COLONY AMERICAN HOMES 4.1846 17-JUL-322.36%
5MORGAN STANLEY CAPITAL I TRUST 3.4455 13-JUL-292.36%
6FASTNET SECURITIES PLC 1.6962 10-OCT-562.35%
7SENECA PARK CLO LTD 4.1791 17-JUL-262.32%
8VENTURE CDO LTD 7.9900 15-JUL-282.27%
9WARWICK FINANCE RESIDENTIAL MO 2.3884 21-SEP-492.26%
Management
Fund manager group
HSBC
Fund manager company
HSBC Investment Funds (Lux) SA
Fund type
Offshore Fund
Fund objective
The sub-fund invests for long term total return in a portfolio of high yield asset backed bonds. The sub-fund's primary currency exposure is to the US dollar ("USD"). The sub-fund invests (normally a minimum of 90% of its net assets) in higher yielding Asset Backed Securities ("ABS") and Mortgage Backed Securities ("MBS"), including Non-Investment Grade rated, and in other fixed income instruments, including but not limited to, corporate bonds, government securities, and cash. These instruments will be denominated in a range of currencies, but hedged back into USD. The sub-fund's underlying exposures 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 may achieve its investment policy and limits by investing up to 10% of its net assets in units or shares of UCITS and other open-ended funds (including other funds of HSBC Global Investment Funds). 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
High Yield
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 High Yield Bond IC USD
Initial charge5.54%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFNPV
HSBC GIF Global Asset-Backed High Yield Bond XC EUR
Initial charge5.54%
Annual charge0.7%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.452
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNH1Z
HSBC GIF Global Asset-Backed High Yield Bond XC GBP
Initial charge5.54%
Annual charge0.7%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price8.025
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNH2A
HSBC GIF Global Asset-Backed High Yield Bond XC PLN
Initial charge5.54%
Annual charge0.7%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price42.034
CurrencyPLN
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNH2B
HSBC GIF Global Asset-Backed High Yield Bond XC SGD
Initial charge5.54%
Annual charge0.7%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price14.363
CurrencySGD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNH2C
HSBC GIF Global Asset-Backed High Yield Bond XC USD
Initial charge5.54%
Annual charge0.7%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.027
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNH2D
HSBC GIF Global Asset-Backed High Yield 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 price157.218
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF91O
HSBC GIF Global Asset-Backed High Yield 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 price148.207
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF91P
HSBC GIF Global Asset-Backed High Yield 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 price125.835
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF91Q
HSBC GIF Global Asset-Backed High Yield 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 price659.065
CurrencyPLN
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF91R
HSBC GIF Global Asset-Backed High Yield 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 price225.199
CurrencySGD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF91S
Data provided by

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