HSBC GIF Global Emerging Markets Local Debt Class BC - Accumulation (GBP)
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Income and accumulation units
With income units, any income is paid as cash. This can be withdrawn, reinvested or simply held on your account. With accumulation units any income is retained within the fund; the number of units remains the same but the price of each unit increases by the amount of income generated within the fund. Generally accumulation units offer a slightly more efficient way to reinvest income, although many investors will choose to hold income units and reinvest the income to buy extra units.
×Charges and Savings
Initial charges | |
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Initial charge: | 3.10% |
Initial saving from HL: | 3.10% |
HL dealing charge: | Free |
Net initial charge: | 0.00% |
Annual charges | |||
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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: | |||
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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
16/08/19 to 16/08/20 | 16/08/20 to 16/08/21 | 16/08/21 to 16/08/22 | 16/08/22 to 16/08/23 | 16/08/23 to 16/08/24 | |
---|---|---|---|---|---|
Annual return | -7.46% | -1.64% | 0.22% | 2.85% | 3.72% |
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 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 and Non-Investment Grade bonds and other similar securities, as well as currency forwards and non-deliverable forwards (together "Instruments"). These Instruments are linked to the currency of securities issued or guaranteed by governments, government agencies or supranational bodies of Emerging Markets or companies which have their registered office in Emerging Markets and will be primarily denominated in local currency. On an ancillary basis, the sub-fund may consider investments in securities denominated in USD and those of other OECD countries. The sub-fund may also invest in additional financial derivative instruments such as futures, 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, taxadvantage 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.
Income Details
Security | Weight |
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United States Treasury Bill 0% 11/07/2024 | 9.96% |
United States Treasury Bill 0% 15/08/2024 | 9.17% |
United States Treasury Bill 0% 12/09/2024 | 8.98% |
HSBC Global Liquidity Funds PLC | 8.93% |
United States Treasury Bill 0% 13/06/2024 | 7.94% |
Brazil Letras do Tesouro Nacional 0% 01/10/2024 | 3.47% |
South Africa (Republic Of) 9% 31/01/2040 | 3.14% |
Brazil Notas do Tesouro(Govt) 10% 01/01/2029 | 2.65% |
Brazil Letras do Tesouro Nacional 0% 01/07/2024 | 2.61% |
Mexican Bonos 8.5% 18/11/2038 | 2.41% |
Sector | Weight |
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Bonds | 90.40% |
Managed Funds | 8.93% |
Cash and Equiv. | 0.71% |
Alternative Trading Strategies | 0.06% |
Non-Classified | -0.10% |
Country | Weight |
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United States | 37.79% |
Brazil | 11.49% |
Managed Funds | 8.93% |
South Africa | 5.68% |
Mexico | 5.31% |
Poland | 4.97% |
Indonesia | 4.53% |
Malaysia | 4.49% |
Non-Classified | 2.86% |
Romania | 2.49% |
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 16 August 2024. Data provided by Broadridge, correct as at 30 June 2024.
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4 If you elect to receive the income from an ISA or a 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.