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  • Unit Trusts are investment products and some may involve derivatives. The value of investments and units may go down and up, and the investor may not get back the original sum invested. Past performance is not necessarily indicative of future performance. In a worst case scenario, the value of the fund may worth substantially less than the original amount you have invested (and in an extreme case could be worth nothing).
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  • Before you make any investment decision, you may wish to consult a financial adviser. In the event that you choose not to seek advice from a financial adviser, you should carefully consider whether the investment product is suitable for you.
Selecting products with risk level relative to your attitude towards investment risk.
At HSBC, we offer a full range of products for your consideration with respect to your investment objective, investment tenor and your attitude according to the table below.
The Fund Risk Level stated in this website is determined according to the historical volatility of the fund or, where appropriate, the historical volatility of a comparable market index or comparable fund:
Risk attitude Funds with risk level commensurate
Secure Risk Level 0
Very Cautious Risk Level 1
Cautious Risk Level 1 – 2
Balanced Risk Level 1 – 3
Adventurous Risk Level 1 – 4
Speculative Risk Level 1 – 5
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Fund Code: FFRFC
Franklin Floating Rate Fund (Class A / Dis / Cash) (Closed for subscription)      
Risk Level: 4
Offering Document: 
 
Investment Objective
The Company’s investment goal is to provide a high level of current income and preservation of capital by investing up to 100% of its net assets in shares of the Franklin Floating Rate Master Series (the “Common Shares”), a series of the Franklin Floating Rate Master Trust. The Master Fund's investment goal is to provide as high a level of current income and preservation of capital as is consistent with investment primarily in senior secured corporate loans and corporate debt securities with floating interest rates.
Investment Strategy
HSBC investment category:
US Bond
Investment type:
Fixed Income
Investment style:
Fixed Income
Interest rate sensitivity:
-
Investment instrument:
Stock, Bond, Cash, Other
Investment style is only applicable for funds that invest in equities. Interest rate sensitivity is only applicable for funds that invest in fixed income product.
Fund Portfolio
(as of 30-09-2024)
Asset allocation
Stock
Bond
Cash
Other
0.50%
90.07%
8.41%
1.03%
Total number of equity holdings: 2
Total number of bond holdings : 311
Bond holdings sector allocation
Top 5 bond holdings country exposure
Country exposure %
United States 97.18
Canada 1.03
Luxembourg 0.69
France 0.53
Germany 0.48
Top 10 holdings
Holding % of net asset
Boost Newco Borrower Llc 6.5% 01/31/2031 Usd Term B-1 Loans 1.05
Top 10 underlying holdings
% of asset in Top 10 holdings -
UTEX INDUSTRIES INC COM USD 1 1.04
Top 10 underlying holdings
% of asset in Top 10 holdings -
Central Parent Inc / Cdk Global Inc 6.5% 07/06/2029 2024 Refinance Term Loa 1.03
Top 10 underlying holdings
% of asset in Top 10 holdings -
Athenahealth Group Inc 6.5% 02/15/2029 Initial Term Loans 1.01
Top 10 underlying holdings
% of asset in Top 10 holdings -
Sedgwick Claims Management Services Inc 9.07734% 02/13/2028 2024 Term Loans 1.00
Top 10 underlying holdings
% of asset in Top 10 holdings -
ALL DAY ACQUISITIONCO LLC (24 HOUR FITNESS) 10.65169% 12/28/2025 EXIT TERM 0.91
Top 10 underlying holdings
% of asset in Top 10 holdings -
Hub International Ltd 6.5% 06/20/2030 2024-1 Incremental Term Loans 0.89
Top 10 underlying holdings
% of asset in Top 10 holdings -
Pmhc Ii Inc (Ferro) 6.5% 04/21/2029 Initial Term Loans 0.87
Top 10 underlying holdings
% of asset in Top 10 holdings -
Ukg Inc 8.81426% 02/09/2031 Initial Term Loan 0.87
Top 10 underlying holdings
% of asset in Top 10 holdings -
General Nutrition Centers Inc 10.77929% 10/07/2026 2nd Lien Term Loan (Pik) 0.87
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 9.52
Fund Performance
(as of 30-09-2024)
Fund: Franklin Floating Rate Fund (Class A / Dis / Cash)
Index:
Fund indexed performance (initial value =100%). Performance statistics are based on offer-bid prices of the fund with dividend reinvested, in fund class currency
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023
  • YTD
  • 1.71
  • -5.77
  • 7.67
  • -2.13
  • 15.02
  • -0.08
  • -
  • -
  • -
  • -
  • -
  • -
Fund Price Information
(as of 08-11-2024)
Fund price movement is calculated on Offer to Bid basis in fund class currency (USD).
Indicative fund price:
  • NAV:
USD 6.89
  • Bid:
-
  • Offer:
-
Change vs previous trading day:
0.15%
52 week low-high:
USD 6.85 - USD 7.11
Fund price information is provided based on the latest fund trading date.
Dividend Information
(as of 31-10-2024)
Target distribution frequency:
Monthly
Dividend yield:
9.49%
Last dividend paid (per unit):
USD 0.05
Last ex-dividend date:
01-10-2024
Dividend yield is the dividend amount declared over the past twelve months as a percentage of the last month-end fund unit price, show in 2 decimal places. The amount of dividend may not be guaranteed by Fund House.
Yield And Credit Information
(as of 31-08-2024)
Average current yield:
6.78%
Average yield to maturity:
10.10%
Average duration:
0.15 years
Average credit quality:
B
Credit quality breakdown:
% %
AAA 0.00 BB 20.09
AA 0.00 B 61.30
A 0.00 Below B 5.76
BBB 0.99 Not Rated 11.86
Current yield refers to the annual interest of the bonds divided by the market price of a bond. Yield to maturity is the rate of return anticipated on a bond if it is held until the maturity date, assumed that all coupons are reinvested at the same rate. Duration is a measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. Credit quality is based on Standard and Poor’s classification.
Fund Statistic
(as of 31-10-2024)
Annualised return:
-
Standard deviation:
-
Sharpe ratio:
0.55
Alpha:
0.66
Beta:
0.78
Fund statistics are calculated by using 3 years historical data, and are not calculated for fund which is less than 3 years old.
Sharpe ratio: Morningstar Asia Limited used the USD as the risk free factor for calculation
Alpha & Beta: Morningstar Asia Limited Used USD as the benchmark index for calculation
Fees and Charges
Initial charge:
0.03
Annual management fee (maximum):
0.008
Distribution fee:
-
Redemption fee:
0
Performance fee:
-
Highest contingent deferred sales charge:
-
Switching Fee:
-
The listed information may not cover all the fees and charges imposed on a fund. Please refer to the respective offering documents of the fund for details of relevant fees and charges.
Other Fund Information
Fund class currency:
USD
Fund class inception date:
15-10-2002
Fund share class size (Million):
USD 163.73
(as of 31-10-2024)
Fund manager
(Start date):
JustinG. Ma (01-06-2013)
Reema Agarwal (31-01-2019)
Margaret Chiu (01-03-2019)
Judy Sher (31-12-2019)
Fund house:
Franklin Templeton Investment Funds
Morningstar Rating:

ISIN:
IE0032578035
Initial Investment Amount:
1000
Other fund classes available with HSBC:
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Disclaimers:


The declaration of distribution is at the sole discretion of the Fund Manager and is not guaranteed. The dividend information is for your reference only and it is not indicative of future performance.

The information in this website relating to Unit Trusts are provided by Morningstar Asia Limited (“Information Provider”) to HSBC Bank (Singapore) Limited (the “Bank”) unless otherwise specified. For technical reasons, certain information provided by Information Provider may be different from that supplied by the respective fund houses. Neither the Information Provider nor the Bank guarantee or endorse the accuracy, reliability and completeness of the information provided by the Information Provider or that it is up-to date, and that such information has not been independently verified by the Bank. The Bank disclaims liability for any errors, omissions or inaccuracies in the information provided in this website. The Bank also disclaims liability for any loss or damages resulting from the use of information contained herein, or the inability to use such information or in connection with any error, interruption, delay in operation or incomplete transmission, line or system failure. The information contained herein is solely for personal and non-commercial use and for reference only, and the information are not intended to provide professional advice nor is HSBC, in providing such information intended to be advising on Unit Trust. The information contained in this website is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribed for any Unit Trusts or other investments or products or deposit. The information contain herein may not be copied or re-distributed by any means.


Investment involves risk. Investments are not obligations of, deposits in, insured or guaranteed by HSBC Bank (Singapore) Limited. The information contained on this web site is intended for Singapore residents only and should not be construed as a distribution, an offer to sell, or a solicitation to buy any securities in any jurisdiction where such activities would be unlawful under the laws of such jurisdiction, in particular the United States of America and Canada. You should refer to the website disclaimers for further important details.


The Fund Risk Level stated in this website is determined according to the historical volatility of the fund or, where appropriate, the historical volatility of a comparable market index or comparable fund. You should refer to the detailed definition of fund risk level here.
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