Fact sheet: HSBC GIF Gbl AsBk Hg Yld Bd

Fund information

Fund name
HSBC GIF Global Asset-Backed High Yield Bond XC GBP
Fund company manager
HSBC Investment Funds (Lux) SA
Fund type
SIB
Fund manager(s)
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
-
Investment style
High Yield
Investment method
Fixed Interest

Quick stats

1 Year return

6.23 %

1 Year rank in sector

28/79

Sector

FO Fixed Int - Global High Yield

Yield
-
Fund size

£ 241.7 m

FE Risk score
-
NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund1.52 %-3.2 %6.23 %38.21 %0 %
Sector0.78 %2.6 %5.89 %14 %24.43 %
Rank within sector3 / 9482 / 9028 / 79 / /
Quartile th1 st4 th2 nd th th

Calendar performance

YTD-20172016201520142013
Fund-0.29 %0 %0 %0 %0 %
Sector4.9 %11.43 %-2.49 %1.36 %5.18 %
Rank within sector74 / 83 / / / /
Quartile th4 th th th th th

Risk statistics

Alpha13.38
Beta-0.12
Sharpe0.93
Volatility9.49
Tracking error10.67
Information ratio0.75
R-Squared0

Price movement

52 week high8.567
52 week low8.025
Current bid price0
Current offer price0
Current mid price8.271

Holdings by region

-

Holdings by sector

-

Holdings by asset type

-

Individual holdings

  • 2.5% ROSSLYN PORTFOLIO TRUST 20172) 4.1590 15-JUN-33
  • 2.32% HSBC US DOLLAR LIQUIDITY Y
  • 2.14% WARWICK FINANCE RESIDENTIAL MO 2.3884 21-SEP-49
  • 2.1% AMERICAN MONEY MANAGEMENT CORP 7.8800 26-MAY-28
  • 2.09% COLONY AMERICAN HOMES 4.1846 17-JUL-32
  • 2.09% SPIRIT ISSUER PLC 3.2794 28-DEC-31
  • 2.07% SENECA PARK CLO LTD 4.1791 17-JUL-26
  • 2.06% MORGAN STANLEY CAPITAL I TRUST 3.4455 13-JUL-29
  • 2.06% VENTURE CDO LTD 7.9900 15-JUL-28
  • 2.04% VOYA CLO LTD 7.4584 17-APR-30