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HSBC GIF Euro Credit Bond Inclusive - Class AD - Income (EUR)

Sell:1,609.14p Buy:1,609.14p Change: 1.70p (0.11%)
Prices as at 9 July 2020
Sell:1,609.14p
Buy:1,609.14p
Change: 1.70p (0.11%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 9 July 2020
Sell:1,609.14p
Buy:1,609.14p
Change: 1.70p (0.11%)
Prices as at 9 July 2020
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Charges and Savings

Initial charges
Initial charge: 5.54%
Initial saving from HL: 5.54%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 1.10%
Ongoing saving from HL: 0.51% i
Net ongoing charge: 0.59%

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.


Other Information

Unit type: Inclusive
Manager:
Jean Olivier Neyrat
Fund launch date: 4 April 2003
Launch price: €10.00
Sector: Offshore
Fund size: £451 million
Number of holdings: 119
Fund type: SICAV
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 16:00
Trustee: HSBC Bank plc
Minimum investment: £100.00
Charges deducted from: Income
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

09/07/15 to 09/07/16 09/07/16 to 09/07/17 09/07/17 to 09/07/18 09/07/18 to 09/07/19 09/07/19 to 09/07/20
Annual return 23.95% 4.73% -0.02% 5.65% -0.72%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Fund Objective

The sub-fund invests for total return primarily in a diversified portfolio of Investment Grade rated fixed income (e.g. bonds) and other similar securities, denominated in Euro. The sub-fund will seek to invest primarily in Euro denominated Investment Grade corporate issues whilst reserving the possibility of investing in securities issued or guaranteed by governments, government agencies and supranational bodies. The sub-fund may also invest in financial derivative instruments such as futures, options, swaps (including, but not limited to, credit default swaps and Total Return 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 Investment Adviser believes the investment in financial derivative instruments will assist the sub-fund in achieving its investment objectives.The sub-fund may invest up to 10% of its net assets in contingent convertible securities, however this is not expected to exceed 5%.

Income Details

Distribution yield : 0.74%
Income paid: Annually
Type of payment: Dividend
Ex-dividend date: 6 July 2020
Payment date: 27 July 20204

This data is provided by Funds Library. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 31 July 2017.

Security Weight
FUTURES LIABILITY 10.68%
Deutsche Ann Fin BV 4% VRN Perp 2.82%
French Republic Government Bond OAT 0% 25/11/2029 2.28%
Allianz SE 4.75% VRN PERP 2.00%
UBS Group Funding 1.5% 30/11/2024 1.88%
UBS AG 4.75% VRN 12/02/2026 1.87%
Nationale Nederlanden Levensverz VRN 29/08/2042 1.87%
Belfius Bank SA 0.375% 13/02/2026 1.69%
Electricite de France SA 2% 09/12/2049 1.43%
La Banque Postale 2.75% VRN 19/11/2027 1.41%
Sector Weight
Bonds 97.98%
Cash and Equiv. 2.40%
Non-Classified 0.00%
Alternative Trading Strategies -0.38%
Country Weight
France 29.74%
Netherlands 18.83%
United States 8.47%
Germany 7.43%
Spain 5.96%
Belgium 4.49%
Switzerland 4.20%
United Kingdom 3.61%
Australia 2.89%
Cash and Equiv. 2.40%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 9 July 2020. Data provided by Funds Library, correct as at 29 February 2020.

FundsLibrary
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.