Morningstar Fund Report  | 02/04/2025Print

HSBC Japan Index Fund Accumulation C

Performance History28/02/2025
Growth of 1,000 (GBP) Advanced Graph
HSBC Japan Index Fund Accumulation C
Fund2.3-5.712.39.01.0
+/-Cat0.01.60.2-0.30.8
+/-B’mrk0.00.2-1.1-1.31.5
 
Category: Japan Large-Cap Equity
Category Benchmark: Morningstar Japan TME NR JPY
Key Stats
NAV
01/04/2025		 GBP 1.70
Day Change 0.14%
Morningstar Category™ Japan Large-Cap Equity
IA (formerly IMA) Sector Japan
ISIN GB00B80QGN87
Fund Size (Mil)
01/04/2025		 GBP 2881.23
Share Class Size (Mil)
01/04/2025		 GBP 269.55
Max Initial Charge -
Ongoing Charge
18/02/2025		  0.14%
Morningstar Research
Analyst Report29/11/2024
Kenneth Lamont, Senior Analyst
Morningstar, Inc

HSBC Japan Index is one of the very best trackers in a peer group in which passive funds have proved their worth over longer time frames. Our conviction surrounding this fund is built around the broad representative beta market exposure offered....

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent23
Process25
Performance
Price
Investment Objective: HSBC Japan Index Fund Accumulation C
The Fund aims to track the performance of the FTSE Japan Index (the “Index”) before the deduction of charges and tax. To achieve its investment objective, the Fund will invest directly in shares (equities) companies that make up the FTSE Japan Index. The Fund may also invest in the following assets which are not part of the Index: - cash to manage day-to-day cash flow requirements - units or shares collective investment schemes, including collective investment schemes managed or operated by the HSBC Group in order to manage day-to-day cash flow requirements. - equity related securities such as American Depositary Receipts and Global Depositary Receipts (which are certificates typically issued by a bank or trust company evidencing ownership of shares of a non-US issuer) in order to achieve exposure to a stock instead of using a physical security.
Returns
Trailing Returns (GBP)01/04/2025
YTD-0.85
3 Years Annualised6.37
5 Years Annualised8.63
10 Years Annualised6.80
12 Month Yield 1.75
Management
Manager Name
Start Date
Not Disclosed
10/07/2015
Inception Date
03/09/2012

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE Japan TR GBPMorningstar Japan TME NR JPY
Portfolio Profile for  HSBC Japan Index Fund Accumulation C28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock100.400.00100.40
Bond0.000.000.00
Property0.000.000.00
Cash9.8810.28-0.40
Other0.000.000.00
Top 5 Regions%
Japan100.00
United States0.00
Canada0.00
Latin America0.00
United Kingdom0.00
Top 5 Sectors%
Industrials22.73
Technology15.48
Consumer Cyclical15.39
Financial Services15.05
Communication Services8.66
Top 5 HoldingsSector%
Toyota Motor CorpConsumer CyclicalConsumer Cyclical4.59
Sony Group CorpTechnologyTechnology3.30
Mitsubishi UFJ Financial Group IncFinancial ServicesFinancial Services3.16
Hitachi LtdIndustrialsIndustrials2.44
Sumitomo Mitsui Financial Group IncFinancial ServicesFinancial Services2.07
Increase Decrease New since last portfolio
HSBC Japan Index Fund Accumulation C
Growth Of 1000 (GBP) 28/02/2025
Fund:  HSBC Japan Index Fund Accumulation C
Category:  Japan Large-Cap Equity
Category Index:  Morningstar Japan TME NR JPY
Growth of 1,000 GBP
Annual Returns (GBP)28/02/2025
 201820192020202120222023202428/02
Price Return-8.6815.4310.662.30-5.6812.318.950.98
+/- Category1.690.71-1.190.001.570.24-0.320.77
+/- Category Index-1.411.080.310.010.21-1.05-1.331.49
% Rank in Category3937535031566330
Trailing Returns (GBP)01/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.14   2.58-0.12
1 Week-3.36   -0.110.38
1 Month-1.81   0.580.05
3 Months-0.85   1.201.52
6 Months-0.91   -0.730.79
YTD-0.85   1.201.52
1 Year-3.09   -0.38-0.39
3 Years Annualised6.37   1.21-0.07
5 Years Annualised8.63   0.960.05
10 Years Annualised6.80   0.320.07
 
Category: Japan Large-Cap Equity
Category Index: Morningstar Japan TME NR JPY
Quarterly Returns (GBP)28/02/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
202411.47-4.090.371.53
20232.514.292.052.95
2022-4.00-7.162.183.57
20210.64-0.196.69-4.55
2020-11.9213.452.248.32
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageBelow Average4 star
5-YearAbove AverageBelow Average4 star
10-YearAverageAverage3 star
Overall*AverageAverage4 star
 
Category :  Japan Large-Cap EquityClick here to see our Methodology
Volatility Measurements28/02/2025
 
3-Yr Std Dev10.13 %
3-Yr Mean Return7.75 %
 
3-Yr Sharpe Ratio0.36
 
Modern Portfolio Statistics28/02/202528/02/2025
 Standard IndexBest Fit Index
 Morningstar Japan TME NR JPY  Morningstar Japan TME NR JPY
3-Yr Beta0.900.90
3-Yr Alpha1.311.31
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 21159-
Market Capitalisation% of Equity
Giant46.94
Large34.36
Medium18.60
Small0.10
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings13.320.98
Price/Book1.230.96
Price/Sales0.940.94
Price/Cash Flow7.220.95
Dividend-Yield Factor2.561.05
 
Long-Term Projected Earnings Growth9.821.01
Historical Earnings Growth13.080.97
Sales Growth7.730.93
Cash-Flow Growth12.810.83
Book-Value Growth9.190.97
 
Category: Japan Large-Cap Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock100.400.00100.40
Bond0.000.000.00
Property0.000.000.00
Cash9.8810.28-0.40
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States0.00-
Canada0.00-
Latin America0.00-
United Kingdom0.000.00
Eurozone0.00-
Europe - ex Euro0.00-
Europe - Emerging0.00-
Africa0.00-
Middle East0.000.00
Japan100.001.00
Australasia0.00-
Asia - Developed0.000.00
Asia - Emerging0.00-
 
Category: Japan Large-Cap Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials4.411.02
Consumer CyclicalConsumer Cyclical15.391.03
Financial ServicesFinancial Services15.050.95
Real EstateReal Estate3.811.18
Consumer DefensiveConsumer Defensive5.221.04
HealthcareHealthcare7.230.97
UtilitiesUtilities1.231.84
Communication ServicesCommunication Services8.660.95
EnergyEnergy0.791.35
IndustrialsIndustrials22.731.05
TechnologyTechnology15.480.90
 
Category: Japan Large-Cap Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings494
Total Number of Bond Holdings0
Assets in Top 10 Holdings23.72
NameSectorCountry% of Assets
Toyota Motor Corp102Japan4.59
Sony Group Corp311Japan3.30
Mitsubishi UFJ Financial Group Inc103Japan3.16
Hitachi Ltd310Japan2.44
Sumitomo Mitsui Financial Group Inc103Japan2.07
Recruit Holdings Co Ltd308Japan1.83
Nintendo Co Ltd308Japan1.71
Keyence Corp311Japan1.60
Mizuho Financial Group Inc103Japan1.55
Tokio Marine Holdings Inc103Japan1.46
 
Increase Decrease New since last portfolio
Category: Japan Large-Cap Equity
 
Management
Name of CompanyHSBC Asset Management (Fund Services UK) Limited
Phone-
Website -
AddressHSBC Asset Management (Fund Services UK) Limited
 -   -
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date03/09/2012
Fund Advisor(s)
HSBC Global Asset Management (UK) Ltd
Fund ManagerNot Disclosed
Manager Start Date10/07/2015
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.10%
Ongoing Charge0.14%
Purchase Details
Minimum Investments
Initial1000000  GBP
Additional500  GBP
Savings-
Tax Free Savings Schemes
ISAsYes