Important Risk Warning:
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  • 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' investment may involve substantial market, currency, volatility, liquidity, regulatory and political risks.
  • The funds invest in debt securities and are subject to interest rate, credit/counterparty, downgrading, market, currency, volatility, liquidity, regulatory and political risks.
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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: U62365
JPMORGAN CHINA INCOME FUND (ACC) - USD (Close for subscription)      
HSBC Risk Level: 5
Offering Document: 
Investment Objective
The investment objective of the Fund is to provide investors with income and long-term capital growth by investing at least 70% of its non-cash assets in (a) equity securities of companies which are based in, listed on any stock exchange of, or operate principally in the PRC and that the Investment Manager expects to pay dividends and (b) Chinese debt securities issued and/or distributed in or outside the PRC.
Investment Strategy
HSBC investment category:
Multi Asset
Investment type:
Multi Asset
Investment style:
Interest rate sensitivity:
Investment instrument:
Stock, Bond, Cash
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 31-03-2024)
Asset allocation
Total number of equity holdings: 60
Total number of bond holdings : 147
Equity holdings geographical allocation
Equity holdings sector allocation
Bond holdings sector allocation
Top 5 bond holdings country exposure
Country exposure %
China 68.38
United States 10.82
Hong Kong 8.67
South Korea 2.87
Macao 2.47
Top 10 holdings
Holding % of net asset
Tencent Holdings Ltd 2.89
China Construction Bank Corp Class H 2.83
China (People's Republic Of) 2.71% 2.28
China Yangtze Power Co Ltd Class A 2.27
Bank Of China Ltd Class H 2.18
China (People's Republic Of) 2.82% 1.70
Midea Group Co Ltd Class A 1.66
Haitian International Holdings Ltd 1.53
NetEase Inc Ordinary Shares 1.50
Focus Media Information Technology Co Ltd Class A 1.49
% of asset in Top 10 holdings 20.31
Fund Performance
(as of 31-05-2024)
Index: Morningstar China 50/50 NR 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
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023
  • YTD
  • 16.43
  • 14.00
  • -1.61
  • -16.26
  • -5.76
  • 7.06
  • 17.20
  • 19.26
  • -14.61
  • -17.09
  • -3.16
  • 4.16
Fund Price Information
(as of 11-06-2024)
Fund price movement is calculated on bid to bid/ NAV to NAV basis in fund class currency (USD ).
Indicative fund price:
  • NAV:
USD 17.08000
  • Bid:
  • Offer:
Change vs previous trading day:
52 week low-high:
USD 14.94000 - USD 17.69000
Fund price information is provided based on the latest fund trading date.
Fund Statistic
(as of 31-05-2024)
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 Morningstar China 50/50 NR 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 275.87
(as of 31-05-2024)
Fund manager
(Start date):
LilianBik Han Leung (01-01-2013)
Shaw-Yann Ho (26-02-2018)
Jason Pang (04-04-2018)
Elizabeth Pang (03-06-2019)
Fund house:
J.P. Morgan Asset Management
Morningstar Rating:

(as of 31-05-2024)
Other fund classes available with HSBC:
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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.

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