Fact sheet: HSBC GIF Glb Cor Bnd

Fund information

Fund name
HSBC GIF Global Corporate Bond ZD USD
Fund company manager
HSBC Investment Funds (Lux) SA
Fund type
SIB
Fund manager
Mohamed Imtiaz Siddeeq
since 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
-
Investment style
Active
Investment method
Fixed Interest

Quick stats

1 Year return

2.99 %

1 Year rank in sector

11/25

Sector

FO Fixed Int - USD Corporate Bond

Yield
-
Fund size

£ 2.4 b

FE Risk score

24

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0 %3.7 %2.99 %13.82 %0 %
Sector0.04 %3.51 %3.3 %11.07 %17.07 %
Rank within sector28 / 3321 / 3111 / 255 / 19 /
Quartile th4 th3 rd2 nd2 nd th

Calendar performance

YTD-20172016201520142013
Fund4.26 %6.99 %-0.37 %0 %0 %
Sector4.21 %7.49 %-1.22 %5.37 %-1.46 %
Rank within sector23 / 315 / 2010 / 19 / /
Quartile th3 rd1 st3 rd th th

Risk statistics

Alpha1.21
Beta0.91
Sharpe0.19
Volatility3.6
Tracking error1.87
Information ratio0.49
R-Squared0.73

Price movement

52 week high10.974
52 week low10.443
Current bid price0
Current offer price0
Current mid price10.765

Holdings by region

-

Holdings by sector

-

Holdings by asset type

-

Individual holdings

  • 0.83% HSBC US DOLLAR 1 LIQUIDITY Y
  • 0.74% US TREASURY N/B 3.0000 15-FEB-47
  • 0.71% BANK OF NOVA SCOTIA 1.65% BDS 14/06/19 USD2000
  • 0.63% CANADIAN IMPERIAL BANK OF COMMERCE 2.55% BDS 16/06/22 USD2000
  • 0.54% DAIMLER FINANCE NA LLC 1.5% BDS 05/07/19 USD150000
  • 0.49% SINOPEC GROUP OVERSEAS DEV 2016 LTD 1.75% BDS 29/09/19 USD200000 144A
  • 0.42% ABN AMRO BANK NV 1.7984 18-JAN-19
  • 0.42% BANCO SANTANDER SA 4.2500 11-APR-27
  • 0.42% HUNTINGTON NATIONAL BANK 1.7% BDS 26/02/18 USD1000
  • 0.42% PNC BANK NA 1.5000 18-OCT-17