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

Sell:€16.11 Buy:€16.11 Change: €0.023 (0.14%)
Prices as at 21 June 2024
Sell:€16.11
Buy:€16.11
Change: €0.023 (0.14%)
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 21 June 2024
Sell:€16.11
Buy:€16.11
Change: €0.023 (0.14%)
Prices as at 21 June 2024
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: 3.10%
Initial saving from HL: 3.10%
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: €415 million
Number of holdings: 106
Fund type: SICAV
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 16:00
Trustee: HSBC Bank plc
Minimum investment: £100.00
Charges deducted from: n/a
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

21/06/19 to 21/06/20 21/06/20 to 21/06/21 21/06/21 to 21/06/22 21/06/22 to 21/06/23 21/06/23 to 21/06/24
Annual return 1.26% -2.65% -13.18% -0.67% 4.10%

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 includes the identification and analysis of a company’s ESG credentials (“ESG Credentials”) as an integral part of the investment decision making process to reduce risk and enhance returns. ESG Credentials may include, but are not limited to: - environmental and social factors, including but not limited to physical risks of climate change and human capital management, that may have a material impact on a security issuer’s financial performance and valuation - corporate governance practices that protect minority investor interests and promote long term sustainable value creation ESG Credentials are proprietary to HSBC, subject to ongoing research and may change over time as new criteria are identified. Notwithstanding the Excluded Activities as detailed below, the inclusion of a company in the sub-fund’s investment universe is at the discretion of the Investment Adviser. Issuers with improving ESG Credentials may be included when their credentials are still limited. The sub-fund will not invest in bonds issued by companies with specified involvement in specific excluded activities (“Excluded Activities”). Excluded Activities and specified involvement are proprietary to HSBC and include, but are not limited to: - Companies involved in the production of controversial weapons or their key components. Controversial weapons include but are not limited to anti-personnel mines, depleted uranium weapons and white phosphorous when used for military purposes. This exclusion is in addition to the banned weapons policy as detailed in Appendix 3, sub-section iv, of this prospectus. - Companies involved in the production of tobacco - Companies with more than 10% revenue generated from thermal coal extraction and do not have a clearly defined, credible plan to reduce exposure to below 10% Companies with more than 10% revenue generated from coal-fired power generation and do not have a clearly defined, credible plan to reduce exposure to below 10%.

Income Details

Distribution yield : 0.74%
Income paid: Annually
Type of payment: Dividend
Ex-dividend date: 6 July 2024
Payment date: 27 July 20244

This data is provided by Broadridge. 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
EUX EURO-BUND FUTURE Mar24 2.40%
TotalEnergies SE 2.625% VRN 29/12/2049 2.13%
Bank of America Corp 1.381% VRN 09/05/2030 1.69%
LOreal SA 3.375% 23/11/2029 1.46%
Buoni Poliennali Des Tes 4.5% 01/03/2024 1.45%
KBC Group NV 4.75% VRN 17/04/2035 1.44%
Apple Inc 0.5% 15/11/2031 1.40%
Autoroutes du Sud de la France S 3.25% 19/01/2033 1.37%
ESB Finance DAC 4% 03/05/2032 1.33%
Nordea Bank AB 0.625% VRN 18/08/2031 1.32%
Sector Weight
Bonds 97.99%
Cash and Equiv. 2.01%
Alternative Trading Strategies 0.96%
Non-Classified -0.96%
Country Weight
France 28.47%
Netherlands 14.65%
United States 9.80%
Germany 6.40%
Italy 6.31%
Non-Classified 5.35%
Belgium 4.55%
Finland 3.55%
Sweden 3.29%
Spain 3.22%

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 21 June 2024. Data provided by Broadridge, correct as at 29 February 2024.

Broadridge
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.