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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: HAHAC
HSBC Global Investment Funds - Asia High Yield Bond AM3H AUD Cash       
Risk Level: 4
Offering Document: 
 
Investment Objective
The sub-fund aims to provide long term total return by investing in a portfolio of Asian high yield bonds. The sub-fund invests in normal market conditions a minimum of 70% of its net assets in Non-Investment Grade rated and unrated fixed income securities which are either issued by companies which are domiciled in, based in or carry out the larger part of their business in Asia or issued or guaranteed by government, government agencies or supranational bodies in Asia. Investment in onshore Chinese fixed income securities include, but are not limited to, onshore fixed income securities denominated in RMB, issued within the People’s Republic of China (“PRC”) and traded on the China Interbank Bond Market (“CIBM”). The sub-fund may invest in the CIBM either through Bond Connect and/or the CIBM Initiative. The sub-fund may invest up to 30% of its net assets in onshore Chinese bonds issued by, amongst other, municipal and local governments, companies and policy banks.
Investment Strategy
HSBC investment category:
Asia Bond
Investment type:
Fixed Income
Investment style:
Fixed Income
Interest rate sensitivity:
-
Investment instrument:
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
0.00%
74.65%
20.40%
4.95%
Total number of equity holdings: 0
Total number of bond holdings : 174
Bond holdings sector allocation
Top 5 bond holdings country exposure
Country exposure %
India 27.29
China 27.12
Macao 17.50
Hong Kong 15.24
Indonesia 12.52
Top 10 holdings
Holding % of net asset
10 Year Treasury Note Future Dec 24 3.45
Top 10 underlying holdings
% of asset in Top 10 holdings -
NWD Finance (BVI) Limited 5.25% 1.65
Top 10 underlying holdings
% of asset in Top 10 holdings -
GLP China Holdings Ltd. 2.95% 1.62
Top 10 underlying holdings
% of asset in Top 10 holdings -
Indika Energy Tbk 8.75% 1.60
Top 10 underlying holdings
% of asset in Top 10 holdings -
Wynn Macau Ltd. 5.625% 1.58
Top 10 underlying holdings
% of asset in Top 10 holdings -
Melco Resorts Finance Limited 7.625% 1.55
Top 10 underlying holdings
% of asset in Top 10 holdings -
IRB Infrastructure Developers Ltd. 7.11% 1.55
Top 10 underlying holdings
% of asset in Top 10 holdings -
Mongolian Mining Corp / Energy Resources LLC 12.5% 1.53
Top 10 underlying holdings
% of asset in Top 10 holdings -
Ultra US Treasury Bond Future Dec 24 1.51
Top 10 underlying holdings
% of asset in Top 10 holdings -
Global Logistic Properties Ltd 3.875% 1.46
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 17.51
Fund Performance
(as of 31-10-2024)
Fund: HSBC Global Investment Funds - Asia High Yield Bond AM3H AUD 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
  • -
  • -
  • -15.74
  • -22.49
  • -8.04
  • 10.41
  • -
  • -
  • -
  • -
  • -
  • -
Fund Price Information
(as of 22-11-2024)
Fund price movement is calculated on Offer to Bid basis in fund class currency (AUD).
Indicative fund price:
  • NAV:
AUD 4.97
  • Bid:
-
  • Offer:
-
Change vs previous trading day:
-0.06%
52 week low-high:
AUD 4.822 - AUD 5.083
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:
9.44%
Last dividend paid (per unit):
AUD 0.04
Last ex-dividend date:
29-10-2024
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 30-09-2024)
Average current yield:
6.31%
Average yield to maturity:
9.02%
Average duration:
2.94 years
Average credit quality:
B
Credit quality breakdown:
% %
AAA 0.00 BB 55.37
AA 0.12 B 17.79
A 1.15 Below B 6.68
BBB 3.15 Not Rated 15.74
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:
-12.43%
Standard deviation:
22.32%
Sharpe ratio:
-0.67
Alpha:
-
Beta:
-
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
Fees and Charges
Initial charge:
0.03
Annual management fee (maximum):
0.0125
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:
AUD
Fund class inception date:
14-04-2020
Fund share class size (Million):
USD 5.86
(as of 31-10-2024)
Fund manager
(Start date):
AlfredLap Chung Mui (27-11-2019)
Ming Leap (01-02-2021)
Fund house:
HSBC Global Asset Management (Singapore) Limited
Morningstar Rating:

ISIN:
LU2098770311
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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