Fact sheet: HSBC Gilt & Fixed Interest

Fund information
Fund name
HSBC Gilt & Fixed Interest C Acc
Fund manager company
HSBC Gbl Asset Mgt (HSBC Inv)
Fund type
OEIC
Fund managers
  • Amrita Sanyalsince 01/12/2014
  • Kate Morrisseysince 31/01/2014
Fund objective
The fund seeks to provide a regular and competitive level of income from an underlying portfolio of gilts and other highly rated fixed interest securities. The fund will invest predominantly in British Government stocks and other fixed interest stock whether issued in Great Britain or any other country in the world. 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
  • FTSE GILTS ALL STOCKS
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
4.4%
1 Year rank in sector
31/37
Sector
UT UK Gilts
Yield
2.8%
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
£56m (£59m 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.
48
Mid price
457.8
Top in this sector
Fund name1 Year
Vanguard UK Long DurGlt Id10.8%
Henderson Inst High Alpha Gilt10.3%
Insight UK Gov Lg Mty bond10.2%
Newton Long Gilt10.1%
Blackrock Inst Bd Over 15 Yr Glt9.9%
...more in UT UK Gilts

Performance snapshot

Holdings snapshot

  • UK94.9%
    Netherlands2.3%
    Australia1.4%
    Money Market0.9%
    Not Specified0.6%
  • Fixed Interest98.6%
    Cash & Cash Equivalents0.9%
    Mutual Funds0.6%
  • UK Fixed Interest94.9%
    Dutch Fixed Interest2.3%
    Australian Fixed Interest1.4%
    Cash & Cash Equivalents0.9%
    Others0.6%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.3%-7.5%1%4.4%17.7%17.1%
Sector-2.3%-8.2%1.8%6%22.6%23.4%
Rank within sector23 / 3618 / 3730 / 3731 / 3729 / 3627 / 32
Quartile3rd2nd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund6.4%-0.6%12.1%-4.7%1.3%
Sector8.2%-0.1%14.3%-4.7%2.2%
Rank within sector33 / 3730 / 3724 / 3613 / 3528 / 32
Quartile4th4th3rd2nd4th
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.
-0.43
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.
0.86
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.
0.31
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%.
7.18
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.
1.19
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.
-1.13
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.
1
Price movement
52 week high498.4
52 week low429.7
Current bid price-
Current offer price-
Current mid price457.8
Region
1UK94.88%
2Netherlands2.32%
3Australia1.36%
4Money Market0.86%
5Not Specified0.58%
Industry sector
1Fixed Interest98.56%
2Cash & Cash Equivalents0.86%
3Mutual Funds0.58%
Asset type
1UK Fixed Interest94.88%
2Dutch Fixed Interest2.32%
3Australian Fixed Interest1.36%
4Cash & Cash Equivalents0.86%
5Others0.58%
Individual holdings
1TREASURY 4.75% GILT 202012.96%
2TREASURY 4.5% GILT 07/03/2019 GBP0.0110.82%
3TREASURY 4.25% GILT 07/12/55 GBP0.019.98%
4TREASURY 4.25% GILT 07/06/2032 GBP0.019.89%
5TREASURY 4.25% GILT 7/12/468.35%
6TREASURY 4.25% GILT 07/12/404.91%
7TREASURY 5% GILT 07/03/18 GBP4.81%
8TREASURY 4.25% GILT 7/12/20274.67%
9TREASURY 1.75% GILT 07/09/22 GBP0.014.57%
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 gilts and other highly rated fixed interest securities. The fund will invest predominantly in British Government stocks and other fixed interest stock whether issued in Great Britain or any other country in the world. 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
  • FTSE GILTS ALL STOCKS
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Amrita Sanyal01/12/2014
Kate Morrissey31/01/2014Kate Morrissey is a fund manager in the global fixed income team and has been working in the industry since 1999. Prior to joing the firm in 2000 Kate worked for RP Martins HSBC. Within HSBC Kate has worked as a fixed income analyst and managed bond portfolios for HSBC's Discretionary Wealth Management business. Subsequently Kate headed the fixed income desk and assumed responsibility for fixed income strategy within the Discretionary Wealth Management business in London. Kate is a CFA charterholder and an Affiliate of the Securities Institute.
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
HSBC Gilt & Fixed Interest 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 price457.8
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGTNI
HSBC Gilt & Fixed Interest 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 price72.72
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGTNH
HSBC Gilt & Fixed Interest 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 price72.88
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE2P6
HSBC Gilt & Fixed Interest Ret Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)0.91%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price451.2
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMB07
HSBC Gilt & Fixed Interest Ret Inc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)0.91%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price72.48
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMB08
HSBC Gilt & Fixed Interest 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 codeGTNJ
Data provided by

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