Fact sheet: HSBC GIF Glb Cor Bnd

Fund information
Fund name
HSBC GIF Global Corporate Bond ZD USD
Fund manager company
HSBC Investment Funds (Lux) SA
Fund type
Offshore Fund
Fund manager
  • Mohamed Imtiaz Siddeeqsince 30/06/2014
Fund objective
The sub-fund aims to provide long term total return by investing in a portfolio of corporate bonds. The sub-fund invests (normally a minimum of 90% of its net assets) in Investment Grade rated fixed income and other similar securities which are issued by companies in both developed markets, such as OECD countries, and Emerging Markets. These securities are denominated in developed market and Emerging Market currencies. Investments in Asset Backed Securities ("ABS") and Mortgage Backed Securities ("MBS") are limited to a maximum of 20% of the subfund's net assets. On an ancillary basis (normally up to 10% of its net assets) the sub-fund may invest in Non-Investment Grade rated fixed income securities, therefore an Investment Grade rated security that is downgraded below Investment Grade status will either continue to be held by the subfund under this limit or held by the sub-fund for a period to allow an orderly sale, taking into account the best interest of shareholders. The sub-fund may achieve its investment objective by investing up to 10% of its net assets in units or shares of UCITS and/or other Eligible UCIs (including other sub-funds of HSBC Global Investment Funds). The sub-fund may achieve its investment objective by investing in financial derivative instruments. However, the sub-fund does not intend to invest in financial derivative instruments extensively and their primary use will be for hedging purposes and cash flow management. Financial derivative instruments may also be used for efficient portfolio management. Financial derivative instruments that the sub-fund may use include, but are not limited to, foreign exchange forwards (including nondeliverable forwards), exchange-traded futures, foreign exchange options, swaptions and swaps (interest rate and credit default). Financial derivative instruments may also be embedded in other instruments used by the sub-fund (for example, participation notes). The sub-fund's primary currency exposure is to the US dollar. The sub-fund will normally hedge currency exposures into US dollar. On an ancillary basis (normally up to 10% of its net assets), the sub-fund may also have exposure to non-US dollar currencies including Emerging Market currencies.The sub-fund may invest up to 10% of its net assets in contingent convertible securities, however this is not expected to exceed 5%.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
9.7%
1 Year rank in sector
43/287
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
£1,877m (£1,459m 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.
21
Top in this sector
Fund name1 Year
Capital Group GHIOL33.4%
Aberdeen Global II GlGovtBd27.9%
Russell Gbl Bd27.7%
Dodge & Cox Global Bond26.9%
Baring Intl Bd26.8%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%3.3%6.3%9.7%--
Sector-0.1%2.4%4.3%5.8%8.5%17%
Rank within sector213 / 30472 / 30260 / 30043 / 287--
Quartile3rd1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund9.2%-0.4%---
Sector6.2%-1.6%3.7%-1.6%8.2%
Rank within sector68 / 296109 / 276---
Quartile1st2nd
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.
-
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%.
-
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 high10.93
52 week low10.07
Current bid price-
Current offer price-
Current mid price10.8
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
1BANK OF NOVA SCOTIA 1.65% BDS 14/06/19 USD20000.91%
2DAIMLER FINANCE NA LLC 1.5% BDS 05/07/19 USD1500000.69%
3HUNTINGTON NATIONAL BANK 1.7% BDS 26/02/18 USD10000.64%
4UNITED KINGDOM GILT0.58%
5CITIGROUP INC 4.125% BDS 25/07/28 USD10000.55%
6DT 4.25 '22 EUR0.55%
7MYLAN NV 3.95% BDS 15/06/26 USD20000.55%
8PNC BANK NA 1.5000 18-OCT-170.54%
9BANK OF MONTREAL 1.7500 15-JUN-210.53%
Management
Fund manager group
HSBC
Fund manager company
HSBC Investment Funds (Lux) SA
Fund type
Offshore Fund
Fund objective
The sub-fund aims to provide long term total return by investing in a portfolio of corporate bonds. The sub-fund invests (normally a minimum of 90% of its net assets) in Investment Grade rated fixed income and other similar securities which are issued by companies in both developed markets, such as OECD countries, and Emerging Markets. These securities are denominated in developed market and Emerging Market currencies. Investments in Asset Backed Securities ("ABS") and Mortgage Backed Securities ("MBS") are limited to a maximum of 20% of the subfund's net assets. On an ancillary basis (normally up to 10% of its net assets) the sub-fund may invest in Non-Investment Grade rated fixed income securities, therefore an Investment Grade rated security that is downgraded below Investment Grade status will either continue to be held by the subfund under this limit or held by the sub-fund for a period to allow an orderly sale, taking into account the best interest of shareholders. The sub-fund may achieve its investment objective by investing up to 10% of its net assets in units or shares of UCITS and/or other Eligible UCIs (including other sub-funds of HSBC Global Investment Funds). The sub-fund may achieve its investment objective by investing in financial derivative instruments. However, the sub-fund does not intend to invest in financial derivative instruments extensively and their primary use will be for hedging purposes and cash flow management. Financial derivative instruments may also be used for efficient portfolio management. Financial derivative instruments that the sub-fund may use include, but are not limited to, foreign exchange forwards (including nondeliverable forwards), exchange-traded futures, foreign exchange options, swaptions and swaps (interest rate and credit default). Financial derivative instruments may also be embedded in other instruments used by the sub-fund (for example, participation notes). The sub-fund's primary currency exposure is to the US dollar. The sub-fund will normally hedge currency exposures into US dollar. On an ancillary basis (normally up to 10% of its net assets), the sub-fund may also have exposure to non-US dollar currencies including Emerging Market currencies.The sub-fund may invest up to 10% of its net assets in contingent convertible securities, however this is not expected to exceed 5%.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Mohamed Imtiaz Siddeeq30/06/2014Mohamed 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
UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Chile, France, United Kingdom, Hong Kong, Ireland, Jersey, Luxembourg, Macau, Netherlands, Offshore, Panama
HSBC GIF Global Corporate Bond ZC 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)0.24%
Bid price-
Offer price-
Mid price7.313
CurrencyEUR
Price updated03/07/2014
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFLTB
HSBC GIF Global Corporate Bond ZC 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)0.24%
Bid price-
Offer price-
Mid price5.806
CurrencyGBP
Price updated03/07/2014
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFLTC
HSBC GIF Global Corporate 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)0.24%
Bid price-
Offer price-
Mid price10.285
CurrencyUSD
Price updated05/08/2015
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFLTD
HSBC GIF Global Corporate Bond ZD 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)0.23%
Bid price-
Offer price-
Mid price10.795
CurrencyUSD
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFLTH
HSBC GIF Global Corporate Bond ZD 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)0.23%
Bid price-
Offer price-
Mid price7.307
CurrencyEUR
Price updated02/07/2014
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFLTE
HSBC GIF Global Corporate Bond ZD 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)0.23%
Bid price-
Offer price-
Mid price5.811
CurrencyGBP
Price updated02/07/2014
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFLTF
HSBC GIF Global Corporate Bond ZDHGBP
Initial charge5.54%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.26%
Total expense ratio (TER)0.3%
Bid price-
Offer price-
Mid price10.601
CurrencyGBP
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFN4R
HSBC GIF Global Corporate Bond ZDHGBP USD
Initial charge5.54%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.26%
Total expense ratio (TER)0.3%
Bid price-
Offer price-
Mid price13.753
CurrencyUSD
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFN4S
HSBC GIF Global Corporate Bond ZQ1 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)-
Bid price-
Offer price-
Mid price10.753
CurrencyUSD
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFVUU
HSBC GIF Global Corporate Bond ZQ1HEUR EUR
Initial charge5.54%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.31%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.373
CurrencyEUR
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFQIQ
HSBC GIF Global Corporate Bond ZQ1HEUR USD
Initial charge5.54%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.31%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.688
CurrencyUSD
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFQIR
HSBC GIF Global Corporate Bond ZQ1HGBP
Initial charge5.54%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.749
CurrencyGBP
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFX4F
HSBC GIF Global Corporate Bond ZQ1HGBP USD
Initial charge5.54%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price13.945
CurrencyUSD
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFX8S
HSBC GIF Global Corporate Bond ZQ1HJPY
Initial charge5.54%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10654.252
CurrencyJPY
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE54K
HSBC GIF Global Corporate Bond ZQ1HJPY USD
Initial charge5.54%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.106
CurrencyUSD
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE5OE
Data provided by

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