Important Risk Warning:
  • Investors should not only base on content below alone to make investment decisions. Investors should refer to fund's offering documents and read carefully the summary of the key features and risks specific to this fund stated in the fund factsheet prepared by the relevant fund house, before making any investment decision.
  • Unit Trusts are investment products and some may involve derivatives. The investment decision is yours but you should not invest in the Unit Trusts unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives.
  • Unit Trusts are NOT equivalent to time deposits.
  • Investment involves risks. Past performance is no guide to future performance of the funds. Value of the investments and the income/dividend generated can fluctuate and is not guaranteed.
  • In the worst case scenario, the value of the unit trusts may be worth substantially less than the original amount you have invested (and in an extreme case could be worth nothing).
  • The funds invest in debt securities and are subject to interest rate, credit/counterparty, downgrading, market, currency, volatility, liquidity, regulatory and political risks.
  • If the funds invest in non-investment grade debt securities, distressed debt securities, defaulted debt securities, emerging market debt securities, mortgage and asset-backed securities, debt securities in a limited number of geographical market(s) or sector(s), the funds will be subject to a higher degree of risk.
  • If the funds invest in derivatives, additional risks will be involved, which may be different from those associated with investing in bonds, and the funds may be subject to higher volatility.
Selecting Products with Risk Level relative to your tolerance to investment risk
You may consider funds with risk level commensurate with your investment
risk tolerance, according to the table below:
Risk tolerance Funds with risk level commensurate
Very Cautious Risk level: 1
Cautious Risk level: 1 - 2
Balanced Risk level: 2 - 3
Adventurous Risk level: 3 – 4
Speculative Risk level: 4 – 5
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HSBC Fund Code: U62400
HSBC Risk Level: 3
Offering Document: 
Investment Objective
The sub-fund invests for high income primarily in a diversified portfolio of higher yielding fixed income bonds and other similar securities from around the world denominated in a range of currencies. Investment in mortgage and asset backed securities will be limited to a maximum of 20% of the sub-fund net assets. It may also invest in financial derivative instruments such as futures, options, swaps and forward currency contracts and in other currency and credit derivatives. The sub-fund intends to use such financial derivative instruments for, inter alia, the purposes of managing interest and credit risks and currency positioning but also to enhance return when the Adviser believes the investment in financial derivative instruments will assist the sub-fund in achieving its investment objectives. It will use foreign currency forward contracts or other financial derivative instruments to substantially protect the sub-fund from losses arising from currency depreciation against the USD.
Investment Strategy
HSBC investment category:
Global Fixed Income
Investment type:
Fixed Income
Investment style:
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 31-12-2016)
Asset allocation
Total number of equity holdings: 0
Total number of bond holdings : 1,068
Bond holdings sector allocation
Top 5 bond holdings country exposure
Country exposure %
United States 41.11
Netherlands 8.61
France 5.13
Cayman Islands 4.70
Mexico 3.32
Top 10 holdings
Holding % of net asset
US 10 Year Note (CBT) Mar17 3.93
Barccme 1% Cdx 20/09/16 - 20/12/21 Cdx27 0.92
Barccme 5% Cdx 20/09/2016 - 20/12/2021 Cdx27 0.61
Brazil Federative Rep 4.875% 0.58
US Treasury Note 1.5% 0.51
Deutsche Telekom Intl Fin B 144A 2.485% 0.49
Colombia Rep 4.375% 0.42
Siemens Fin Nv 144A 2% 0.39
Petrobras Intl Fin 5.375% 0.39
% of asset in Top 10 holdings 9.93
Fund Performance
(as of 31-03-2017)
Index: BBgBarc Global Aggregate TR Hdg USD
Fund indexed performance (initial value =100%). Performance statistics are based on bid to bid/ NAV to NAV prices of the fund with dividend reinvested, in USD
  • 2012
  • 2013
  • 2014
  • 2015
  • 2016
  • YTD
  • 18.31
  • 1.38
  • 5.48
  • -1.38
  • 6.61
  • 1.92
  • 5.72
  • -0.14
  • 7.59
  • 1.02
  • 3.95
  • 0.44
Fund Price Information
(as of 27-04-2017)
Fund price movement is calculated on bid to bid/ NAV to NAV basis in fund class currency (HKD ).
Indicative fund price:
  • NAV:
HKD 83.34800
  • Bid:
HKD 83.34800
  • Offer:
HKD 85.92600
Change vs previous trading day:
52 week low-high:
HKD 80.43400 - HKD 84.62800
Fund price information is provided based on the latest fund trading date.
Dividend Information
(as of 31-03-2017)
Target distribution frequency:
Dividend yield:
Last dividend paid (per unit):
HKD 0.27634
Last ex-dividend date:
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.
Fund Statistic
(as of 31-03-2017)
Annualised return:
Standard deviation:
Sharpe ratio:
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 USTREAS T-Bill Auction Ave 3 Mon as the risk free factor for calculation
Alpha & Beta: Morningstar Asia Limited Used BBgBarc Global Aggregate TR Hdg USD as the benchmark index for calculation
Fees and Charges
Initial charge:
Annual management fee (maximum):
Distribution fee:
Maintenance fee:
Redemption fee:
Performance fee:
Highest contingent deferred sales charge:
Switching Fee:
Switching transactions placed through HSBC are subject to 1% switching charge which is charged by HSBC, except switching transaction within the ‘No Subscription Fee Series’ across fund houses is free of charge.
For the ‘No Subscription Fee Series’ , an administration fee of 1% and a distribution fee of 1% - 1.25% p.a. may apply.
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:
Fund class inception date:
Fund size (Million):
USD 2,841.56
(as of 27-04-2017)
Fund manager
(Start date):
Jerry Samet (28-07-2010)
Fund house:
HSBC Global Asset Management (Hong Kong) Limited
Morningstar Rating:

(as of 31-03-2017)
Other fund classes available with HSBC:
This fund is applicable for HSBC investment-linked insurance plan, please visit any of our branches for more details.
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The information in this website relating to Unit Trusts are provided by Morningstar Asia Limited (“Information Provider”) to The Hongkong and Shanghai Banking Corporation 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 risks. Past performance is no guide to future performance of the funds. The value of investments and the income from them can fluctuate and is not guaranteed. Please refer to the offering documents of the respective funds for details, including risk factors. This website has not been reviewed by the Securities and Futures Commission. The information contained on this website is intended for Hong Kong 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. 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.