Fact sheet: HSBC Canadian Dollar Liquidity

Fund information

Fund name
HSBC Canadian Dollar Liquidity A
Fund company manager
HSBC Asset Management (IRL)
Fund type
SIB
Fund manager(s)
JASON MOSHOS
since 01/01/2011
Fund objective
To provide investors with security of capital and daily liquidity together with an investment return which is comparable to normal Canadian Dollar denominated money market interest rates. To achieve its objective, the HSBC Canadian Dollar Liquidity Fund intends to invest in a diversified portfolio of money market instruments meeting the following criteria: Maturity: The HSBC Canadian Dollar Liquidity Fund, which is a short-term money market fund as set out under Classification in the section entitled “Summary” further above, will invest in instruments which have a maximum maturity of 397 days. The HSBC Canadian Dollar Liquidity Fund may also invest in floating rate notes and/or variable rate notes which have a maximum maturity of 397 days. The weighted average portfolio maturity of the HSBC Canadian Dollar Liquidity Fund will not exceed 60 days. The weighted average portfolio life of the HSBC Canadian Dollar Liquidity Fund will not exceed 120 days. For the purposes of calculating the weighted average portfolio maturity, floating rate notes will be deemed to mature on the next coupon fixing date. Credit Quality: The HSBC Canadian Dollar Liquidity Fund proposes to invest in short-term transferable securities which at the time of purchase have a credit rating of at least A-1 or P-1 (or its equivalent) from a recognised credit rating agency such as Standard & Poor’s or Moody’s or if not so rated, must be considered by the Investment Manager to be of similar credit quality. Currency: The HSBC Canadian Dollar Liquidity Fund may invest only in securities denominated in Canadian Dollars or that are fully hedged back into Canadian Dollars. Permitted The HSBC Canadian Dollar Liquidity Fund may invest in instruments such Investments: as, but not limited to, certificates of deposit (CDs), commercial paper, medium term notes (MTNs), variable rate notes (VRNs), floating rate notes (FRNs), bankers acceptances, government bonds, treasury bills, Eurobonds, asset backed securities and corporate bonds which the Investment Manager considers to be of appropriate credit quality and which are consistent with the investment objective of the HSBC Canadian Dollar Liquidity Fund. The Investments will be listed or traded on a Recognised Market. The HSBC Canadian Dollar Liquidity Fund may also invest in financial derivative instruments and reverse repurchase agreements for the purposes of efficient portfolio management, further details of which are set out in the section entitled “Portfolio Management Techniques”.
Benchmark
No Specified Index
Investment style
Liquidity
Investment method
None

Quick stats

1 Year return

0.4 %

1 Year rank in sector

11/22

Sector

FO Currency - Other

Yield

0.8799

Fund size

£ 152.5 m

FE Risk score

92

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Money Market
    100%
  • Others
    25.92%
  • Time Deposits
    25.38%
  • Banks
    13.75%
  • Government Bonds
    11.05%
  • Cash Deposits
    10.75%
  • Money Market
    100%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.05 %0.25 %0.4 %1.12 %2.5 %
Sector0.06 %0.13 %0.65 %-0.01 %-0.1 %
Rank within sector11 / 2310 / 2211 / 228 / 217 / 19
Quartile th2 nd2 nd2 nd2 nd2 nd

Calendar performance

YTD-20172016201520142013
Fund0.39 %0.31 %0.37 %0.7 %0.67 %
Sector0.76 %-0.05 %-0.67 %0.28 %-0.42 %
Rank within sector11 / 229 / 216 / 218 / 199 / 19
Quartile th2 nd2 nd2 nd2 nd2 nd

Risk statistics

Alpha0.36
Beta-0.02
Sharpe-
Volatility0.05
Tracking error0.57
Information ratio0.69
R-Squared0.03

Price movement

52 week high1
52 week low1
Current bid price0
Current offer price0
Current mid price1

Holdings by region

  • 100% Money Market

Holdings by sector

  • 25.92% Others
  • 25.38% Time Deposits
  • 13.75% Banks
  • 11.05% Government Bonds
  • 10.75% Cash Deposits
  • 8.82% Commercial Paper
  • 3.21% Floating Rate Notes
  • 1.12% Fixed Interest

Holdings by asset type

  • 100% Money Market

Individual holdings

  • 21.83% GOVERNMENT OF CANADA
  • 9.05% SOCIETE GENERALE
  • 8.84% NATIONAL BANK OF CANADA
  • 7.48% CREDIT AGRICOLE
  • 4.1% PROVINCE OF QUEBEC
  • 3.51% PROVINCE OF MANITOBA CANADA
  • 3.33% TORONTO-DOMINION BANK
  • 3.3% JP MORGAN CHASE CANADA
  • 3.25% BANK OF NOVA SCOTIA
  • 3.23% BNP PARIBAS CANADA