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HSBC GIF Global Emerging Market Bond Class BD - Income (GBP)

Sell:840.70p Buy:840.70p Change: 2.20p (0.26%)
Prices as at 24 May 2024
Change: 2.20p (0.26%)
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 24 May 2024
Change: 2.20p (0.26%)
Prices as at 24 May 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.
Also available as accumulation units Help

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): 0.98%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.98%
There are other unit types of this fund available:
Inclusive - Class A - Income (GBP) (Net ongoing charge 0.975%)
Inclusive - Class A - Accumulation (GBP) (Net ongoing charge 0.975%)
Class BC - Accumulation (GBP) (Net ongoing charge 0.98%)

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: Unbundled
Fund launch date: 24 July 1998
Sector: Offshore
Fund size: $1,079 million
Number of holdings: 409
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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24/05/19 to 24/05/20 24/05/20 to 24/05/21 24/05/21 to 24/05/22 24/05/22 to 24/05/23 24/05/23 to 24/05/24
Annual return 0.68% -4.25% -8.21% -0.83% 8.15%

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.

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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 and Non-Investment Grade rated fixed income (e.g. bonds) and other similar securities either issued by companies which have their registered office in Emerging Markets around the world, primarily denominated in US dollars, or which are issued or guaranteed by governments, government agencies and supranational bodies of Emerging Markets. The sub-fund may invest more than 10% and up to 30% of its net assets in securities issued by or guaranteed by a single sovereign issuer with a Non-Investment Grade credit rating. This is due to the fact that the sub-fund's reference benchmark, the JP Morgan Emerging Market Bond Index, may contain sovereign issuers that may have a Non-Investment Grade rating. The Investment Adviser may decide to invest in a specific non-investment grade sovereign issuer and/or to overweight (in relation to the reference benchmark) a particular Non-Investment Grade sovereign issuer. The Non-Investment Grade sovereign issuers that the sub-fund may invest up to 30% of its net assets in include, but are not limited to, Venezuela, Turkey and the Philippines. However, this list may change at any time as a result of: changes in credit ratings, changes in the sub-fund's benchmark weights, the Investment Adviser's decision to allocate a higher or lower proportion of the sub-fund's net assets to a particular benchmark constituent and/or market movements. The sub-fund may also invest in financial derivative instruments such as futures, forwards (including non-deliverable forwards), swaps, options, credit default swaps, as well as other structured products. The sub-fund intends to use such financial derivative instruments for, inter alia, return enhancement, hedging, tax-efficient access to instruments and whenever 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 : 3.85%
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
HSBC Global Liquidity Funds PLC 6.73%
Dominican Republic International 5.5% 22/02/2029 1.80%
Uruguay Government International 5.75% 28/10/2034 1.27%
Brazil Notas do Tesouro (Gov Of) 10% 01/01/2033 1.17%
Petroleos Mexicanos 7.69% 23/01/2050 1.15%
Qatar (Govt Of) 5.103% 23/04/2048 1.08%
Corp Nacional del Cobre de Chil 5.125% 02/02/2033 1.05%
Ivory Coast (Govt Of) 6.125% 15/06/2033 1.03%
Orient Uruguay (Republica) 5.1% 18/06/2050 0.98%
Petroleos Mexicanos 6.5% 13/03/2027 0.97%
Sector Weight
Bonds 91.18%
Cash and Equiv. 8.47%
Managed Funds 6.73%
Non-Classified 0.97%
Alternative Trading Strategies -7.36%
Country Weight
Cash and Equiv. 8.47%
Mexico 8.22%
Managed Funds 6.73%
Chile 5.50%
Colombia 4.59%
Turkey 3.80%
Dominican Republic 3.53%
United States 3.51%
Nigeria 3.49%
Uruguay 3.40%

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 24 May 2024. Data provided by Broadridge, correct as at 29 February 2024.

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.