Fact sheet: HSBC UK Gilt Index

Fund information
Fund name
HSBC UK Gilt Index C Acc
Fund manager company
HSBC Gbl Asset Mgt (HSBC Inv)
Fund type
OEIC
Fund managers
  • Ernst Josef Osiandersince 31/01/2014
  • Amrita Sanyalsince 01/12/2014
Fund objective
The fund seeks to provide income from an underlying portfolio of gilts that matches the return of the FTSE British Government All Stocks Total Return index before tax and charges are deducted. The fund will invest in gilts that make up the FTSE British Government All Stocks Total Return index. The ACD reserves the right to exercise the full powers of the fund in relation to borrowing and efficient portfolio management as and when it considers that the circumstances which then exist make it appropriate to do so. The scheme property may also not consist of the exact composition and weighting of the underlying stocks in the index.
Benchmark
  • FTSE Brit Govt All Stocks
Investment style
Passive/Tracking
Investment method
Physical - Full, Fixed Interest
Quick stats
1 Year return
6%
1 Year rank in sector
25/37
Sector
UT UK Gilts
Yield
2.7%
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
£99m (£82m 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
136.8
Top in this sector
Fund name1 Year
Insight UK Gov Lg Mty bond11.9%
Newton Long Gilt11.8%
Blackrock Inst Bd Over 15 Yr Glt11.7%
Aberdeen Stg Lg Dtd Gov Bd11.5%
Schroder Inst Lg Dtd StgBd11.4%
...more in UT UK Gilts

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.8%-6.9%0.8%6%20.6%19.1%
Sector-2.1%-7.5%1.4%7%23.6%23.1%
Rank within sector19 / 3717 / 3726 / 3725 / 3718 / 3620 / 32
Quartile3rd2nd3rd3rd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund7.3%-0.1%13.1%-5%1.8%
Sector8.6%-0.1%14.3%-4.7%2.2%
Rank within sector25 / 3719 / 3714 / 3618 / 3519 / 32
Quartile3rd3rd2nd3rd3rd
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.
0.87
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.
0.39
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%.
7.29
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.
1.12
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.
1
Price movement
52 week high148.3
52 week low127.3
Current bid price-
Current offer price-
Current mid price136.8
Region
1UK100.03%
2Money Market-0.03%
Industry sector
1Fixed Interest100.03%
2Cash & Cash Equivalents-0.03%
Asset type
1UK Fixed Interest100.03%
2Money Market-0.03%
Individual holdings
1TREASURY 4.25% GILT 07/06/2032 GBP0.013.56%
2TREASURY 4.75% GILT 07/12/30 GBP3.33%
3TREASURY 4.25% GILT 07/12/55 GBP0.013.26%
4TREASURY 5% GILT 20253.21%
5TREASURY 4.5% GILT 7/9/2034 GBP0.013.15%
6TREASURY 4% GILT 07/03/22 GBP0.013.12%
7TREASURY 4.25% GILT 07/03/36 GBP0.013.07%
8TREASURY 4.5% GILT 7/12/42 GBP3.03%
9TREASURY 4.25% GILT 7/12/20272.97%
Management
Fund manager group
HSBC
Fund manager company
HSBC Gbl Asset Mgt (HSBC Inv)
Fund type
OEIC
Fund objective
The fund seeks to provide income from an underlying portfolio of gilts that matches the return of the FTSE British Government All Stocks Total Return index before tax and charges are deducted. The fund will invest in gilts that make up the FTSE British Government All Stocks Total Return index. The ACD reserves the right to exercise the full powers of the fund in relation to borrowing and efficient portfolio management as and when it considers that the circumstances which then exist make it appropriate to do so. The scheme property may also not consist of the exact composition and weighting of the underlying stocks in the index.
Benchmark
  • FTSE Brit Govt All Stocks
Investment style
Passive/Tracking
Investment method
Physical - Full, Fixed Interest
Fund managers
NameSinceBiography
Ernst Josef Osiander31/01/2014Ernst Osiander is a fund manager in the London fixed income team and has been working in the industry since 1994. Prior to joining the firm in January 2012 Ernst worked for FMS Wertmanagement with a focus on sovereign credit risk. Between 1999 and 2010 he worked for various investment boutiques of BNY Mellon Asset Management managing global bond and currency portfolios. He holds a degree in Economics from the University of Munich.
Amrita Sanyal01/12/2014
Compliance
FE Passive Rateable, IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
HSBC UK Gilt Index C Acc
Initial charge-
Annual charge0.1%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price136.8
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG19A
HSBC UK Gilt Index C Inc
Initial charge-
Annual charge0.1%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price114.3
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG18Z
HSBC UK Gilt Index Inst Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.02%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100
CurrencyGBX
Price updated07/06/2010
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ1D1
HSBC UK Gilt Index Inst Inc
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.04%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price115.9
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJ1D0
HSBC UK Gilt Index Ret Acc
Initial charge-
Annual charge0.25%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)0.3%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price136.5
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ1C9
HSBC UK Gilt Index Ret Inc
Initial charge-
Annual charge0.25%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)0.3%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price114.4
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJ1C8
HSBC UK Gilt Index Z Inc
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.07%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price107.6
CurrencyGBX
Price updated21/01/2013
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGWGM
Data provided by

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