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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
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Fund Code: SCISC
Schroder International Selection Fund Global Credit Income SGD Hedged A Dis       
Risk Level: 2
Offering Document: 
 
Investment Objective
The Fund aims to provide income and capital growth by investing in fixed and floating rate securities issued by governments and companies worldwide. The Fund aims to mitigate losses in falling markets. The mitigation of losses cannot be guaranteed. The Fund is actively managed and invests at least two-thirds of its assets in fixed and floating rate investment grade and high yield securities issued by governments, government agencies, supra-nationals and companies worldwide, including emerging market countries.
Investment Strategy
HSBC investment category:
Global Bond
Investment type:
Fixed Income
Investment style:
Fixed Income
Interest rate sensitivity:
Medium
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 31-10-2024)
Asset allocation
Stock
Bond
Cash
Other
0.00%
110.39%
-12.17%
1.77%
Bond holdings sector allocation
Top 5 bond holdings country exposure
Country exposure %
United States 45.81
United Kingdom 17.27
Netherlands 4.15
France 4.11
Spain 2.86
Top 10 holdings
Holding % of net asset
5 Year Treasury Note Future Dec 24 10.06
Top 10 underlying holdings
% of asset in Top 10 holdings -
10 Year Treasury Note Future Dec 24 6.35
Top 10 underlying holdings
% of asset in Top 10 holdings -
Long Gilt Future Dec 24 5.65
Top 10 underlying holdings
% of asset in Top 10 holdings -
Schroder ISF Sust Glb Crdt Inc SDIAccEUR 3.71
Top 10 underlying holdings
Holding % of net asset
5 Year Treasury Note Future Dec 24 9.94
Federal National Mortgage Association 6% 3.06
2 Year Treasury Note Future Dec 24 2.05
Schroder ISF Sctsd Crdt I Dis EUR HQV 1.96
10 Year Treasury Note Future Dec 24 1.92
Federal National Mortgage Association 5.5% 1.85
Pachelbel Bidco S.p.A. 7.302% 1.17
Santander UK PLC 3.757% 1.17
% of asset in Top 10 holdings 23.13
Euro Schatz Future Dec 24 3.36
Top 10 underlying holdings
% of asset in Top 10 holdings -
Schroder ISF Securitised Crdt I Acc USD 2.34
Top 10 underlying holdings
Holding % of net asset
10 Year Treasury Note Future Dec 24 8.58
Government National Mortgage Association 5.5% 3.63
Federal National Mortgage Association 5.5% 3.21
Government National Mortgage Association 6% 3.15
2 Year Treasury Note Future Dec 24 25.46
Government National Mortgage Association 6.5% 2.74
Government National Mortgage Association 6% 2.32
United States Treasury Bills 0% 10.68
% of asset in Top 10 holdings 59.79
United States Treasury Notes 4.125% 1.80
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 33.27
Fund Performance
(as of 31-10-2024)
Fund: Schroder International Selection Fund Global Credit Income SGD Hedged A Dis
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
  • 10.46
  • 5.97
  • 0.85
  • -13.04
  • 7.85
  • 0.78
  • -
  • -
  • -
  • -
  • -
  • -
Fund Price Information
(as of 22-11-2024)
Fund price movement is calculated on Offer to Bid basis in fund class currency (SGD).
Indicative fund price:
  • NAV:
SGD 118.4541
  • Bid:
-
  • Offer:
-
Change vs previous trading day:
0.02%
52 week low-high:
SGD 115.5671 - SGD 121.1089
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:
5.79%
Last dividend paid (per unit):
SGD 0.57
Last ex-dividend date:
31-10-2024
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 31-10-2024)
Average current yield:
5.14%
Average yield to maturity:
6.07%
Average duration:
4.46 years
Average credit quality:
BBB
Credit quality breakdown:
% %
AAA 4.80 BB 15.19
AA 23.66 B 4.24
A 12.73 Below B 0.51
BBB 35.80 Not Rated 3.08
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:
-1.09%
Standard deviation:
12.18%
Sharpe ratio:
-0.26
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):
0.015
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:
SGD
Fund class inception date:
30-11-2016
Fund share class size (Million):
USD 265.90
(as of 31-10-2024)
Fund manager
(Start date):
Julien Houdain (28-02-2020)
Martin Coucke (31-08-2021)
Fund house:
Schroder Investment Management (Singapore) Ltd
Morningstar Rating:

ISIN:
LU1514168886
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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