HSBC GIF Global Emerging Market Bond Class BD - Income (GBP)
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 This can be withdrawn, reinvested or simply held on your account.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% |
Net initial charge: | 0.00% |
HL dealing charge: | Free |
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
24/12/19 to 24/12/20 | 24/12/20 to 24/12/21 | 24/12/21 to 24/12/22 | 24/12/22 to 24/12/23 | 24/12/23 to 24/12/24 | |
---|---|---|---|---|---|
Annual return | -0.65% | -2.00% | -11.18% | 4.04% | 9.39% |
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 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
Security | Weight |
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United States Treasury Bill 0% 31/12/2024 | 3.06% |
Costa Rica Government Internatio 6.55% 03/04/2034 | 1.21% |
Brazil Notas do Tesouro (Gov Of) 10% 01/01/2033 | 1.16% |
Ivory Coast Government Int 8.25% 30/01/2037 | 1.15% |
Turkiye Varlik Fonu Yonetimi AS 8.25% 14/02/2029 | 1.14% |
Petroleos Mexicanos 6.84% 23/01/2030 | 1.11% |
Petroleos Mexicanos 6.5% 13/03/2027 | 1.11% |
Petroleos Mexicanos 7.69% 23/01/2050 | 1.10% |
Senegal (Republic Of) 6.25% 23/05/2033 | 1.06% |
Colombia Government Internationa 8.75% 14/11/2053 | 1.04% |
Sector | Weight |
---|---|
Bonds | 96.26% |
Cash and Equiv. | 11.32% |
Managed Funds | 0.85% |
Non-Classified | -1.74% |
Alternative Trading Strategies | -6.69% |
Country | Weight |
---|---|
Cash and Equiv. | 11.32% |
United States | 9.32% |
Mexico | 7.03% |
Indonesia | 5.25% |
Chile | 5.02% |
Colombia | 4.43% |
United Arab Emirates | 3.74% |
Luxembourg | 3.65% |
Turkey | 3.31% |
Dominican Republic | 2.95% |
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 December 2024. Data provided by Broadridge, correct as at 30 September 2024.
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.