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





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
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Performance
24/05/17 to 24/05/18 | 24/05/18 to 24/05/19 | 24/05/19 to 24/05/20 | 24/05/20 to 24/05/21 | 24/05/21 to 24/05/22 | |
---|---|---|---|---|---|
Annual return | 1.06% | 2.68% | 0.95% | 0.55% | -9.16% |
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 chartOur 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
Security | Weight |
---|---|
Bundesobligation 0% 09/10/2026 | 3.78% |
European Union 0.45% 04/07/2041 | 2.46% |
Bank of America Corp 0.583% VRN 24/08/2028 | 1.97% |
Arval Service Lease SA 0% 01/10/2025 | 1.96% |
Erste Group Bank AG 0.1% VRN 16/11/2028 | 1.81% |
Credit Agricole SA 0.125% 09/12/2027 | 1.69% |
ING Groep NV 2.125% VRN 26/05/2031 | 1.47% |
BNP Paribas Cardif SA 1% 29/11/2024 | 1.36% |
Societe Generale SA 0.125% VRN 17/11/2026 | 1.32% |
Pernod Ricard SA 0.125% 04/10/2029 | 1.32% |
Sector | Weight |
---|---|
Bonds | 92.47% |
Alternative Trading Strategies | 15.93% |
Cash and Equiv. | 9.40% |
Non-Classified | -17.79% |
Country | Weight |
---|---|
France | 24.35% |
Germany | 15.16% |
Netherlands | 14.59% |
Cash and Equiv. | 9.40% |
United States | 6.33% |
Luxembourg | 5.93% |
Sweden | 4.96% |
Belgium | 4.55% |
United Kingdom | 3.19% |
Finland | 2.56% |
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 25 May 2022. Data provided by Broadridge, correct as at 31 December 2021.


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.