Morningstar Fund Report  | 23/04/2025Print

HSBC Income Fund Income C

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
HSBC Income Fund Income C
Fund15.94.68.58.24.5
+/-Cat-1.98.01.70.13.6
+/-B’mrk--0.9-1.6-0.6
 
Category: UK Equity Income
Category Benchmark: Morningstar UK All Cap TME ...
Key Stats
NAV
22/04/2025		 GBP 3.43
Day Change 0.83%
Morningstar Category™ UK Equity Income
IA (formerly IMA) Sector UK Equity Income
ISIN GB00B80L0G42
Fund Size (Mil)
22/04/2025		 GBP 103.28
Share Class Size (Mil)
22/04/2025		 GBP 79.47
Max Initial Charge -
Ongoing Charge
14/02/2025		  0.85%
Investment Objective: HSBC Income Fund Income C
The Fund aims to provide income together with growth in the long term, which is a period of five years or more. The Fund intends to provide a level of income consistent with the Investment Association UK Equity Income sector definition. To achieve its objective, the Fund will invest at least 80% of its value in the shares (equities) of UK companies, including preference shares. UK companies are deemed to be those that are domiciled or incorporated in the UK or earn at least 80% of their revenue from the UK.
Returns
Trailing Returns (GBP)22/04/2025
YTD2.36
3 Years Annualised6.62
5 Years Annualised11.36
10 Years Annualised3.66
12 Month Yield 3.91
Dividend Paying Frequency Half-yearly
Management
Manager Name
Start Date
Paul Denham
14/12/2020
Jonathan Dilley
14/12/2020
Inception Date
03/12/2012

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE AllSh TR GBPMorningstar UK All Cap TME NR GBP
Portfolio Profile for  HSBC Income Fund Income C31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.920.0099.92
Bond0.000.000.00
Property0.000.000.00
Cash83.4783.400.08
Other0.000.000.00
Top 5 Regions%
United Kingdom96.13
Australasia1.36
United States1.31
Eurozone1.21
Canada0.00
Top 5 Sectors%
Financial Services22.33
Energy13.99
Industrials13.14
Consumer Cyclical12.38
Consumer Defensive11.46
Top 5 HoldingsSector%
Shell PLCEnergyEnergy8.55
HSBC Holdings PLCFinancial ServicesFinancial Services7.11
BAE Systems PLCIndustrialsIndustrials5.50
GSK PLCHealthcareHealthcare4.60
AstraZeneca PLCHealthcareHealthcare4.44
Increase Decrease New since last portfolio
HSBC Income Fund Income C
Growth Of 1000 (GBP) 31/03/2025
Fund:  HSBC Income Fund Income C
Category:  UK Equity Income
Category Index:  Morningstar UK All Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-11.6118.88-16.0915.874.578.488.214.51
+/- Category-1.05-0.06-3.53-1.948.011.720.133.64
+/- Category Index-----0.86-1.61-0.65
% Rank in Category646284651536499
Trailing Returns (GBP)22/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.83   0.160.21
1 Week1.42   0.470.44
1 Month-2.97   -0.100.16
3 Months-1.32   1.870.02
6 Months1.60   3.57-0.06
YTD2.36   3.30-0.25
1 Year5.48   1.05-2.43
3 Years Annualised6.62   2.770.06
5 Years Annualised11.36   1.640.29
10 Years Annualised3.66   -0.55-1.75
 
Category: UK Equity Income
Category Index: Morningstar UK All Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20254.51---
20243.893.700.95-0.50
20233.24-1.523.333.26
20223.02-3.61-3.979.67
20218.030.743.612.76
2020-29.319.14-6.7116.58
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageBelow Average4 star
5-YearAverageAverage4 star
10-YearAverageAverage3 star
Overall*AverageAverage4 star
 
Category :  UK Equity IncomeClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev10.72 %
3-Yr Mean Return8.19 %
 
3-Yr Sharpe Ratio0.37
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK All Cap TME NR GBP  Morningstar UK All Cap TME NR GBP
3-Yr Beta0.920.92
3-Yr Alpha0.270.27
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 26229-
Market Capitalisation% of Equity
Giant36.64
Large34.43
Medium22.00
Small6.67
Micro0.25
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings11.110.99
Price/Book1.711.07
Price/Sales1.061.18
Price/Cash Flow7.911.10
Dividend-Yield Factor4.250.93
 
Long-Term Projected Earnings Growth9.040.95
Historical Earnings Growth-1.650.24
Sales Growth5.781.01
Cash-Flow Growth2.144.64
Book-Value Growth4.793.10
 
Category: UK Equity Income
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.920.0099.92
Bond0.000.000.00
Property0.000.000.00
Cash83.4783.400.08
Other0.000.000.00
World Regions31/03/2025
 % of EquityRelative to Category
United States1.310.51
Canada0.000.00
Latin America0.000.00
United Kingdom96.131.04
Eurozone1.210.36
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia1.3639.67
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: UK Equity Income
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials7.811.31
Consumer CyclicalConsumer Cyclical12.381.29
Financial ServicesFinancial Services22.330.89
Consumer DefensiveConsumer Defensive11.460.87
HealthcareHealthcare10.711.24
UtilitiesUtilities4.040.82
Communication ServicesCommunication Services1.710.28
EnergyEnergy13.991.87
IndustrialsIndustrials13.141.01
TechnologyTechnology2.431.08
 
Category: UK Equity Income
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings42
Total Number of Bond Holdings0
Assets in Top 10 Holdings49.85
NameSectorCountry% of Assets
Shell PLC309United Kingdom8.55
HSBC Holdings PLC103United Kingdom7.11
BAE Systems PLC310United Kingdom5.50
GSK PLC206United Kingdom4.60
AstraZeneca PLC206United Kingdom4.44
Barclays PLC103United Kingdom4.09
BP PLC309United Kingdom4.05
Imperial Brands PLC205United Kingdom3.87
Compass Group PLC102United Kingdom3.84
NatWest Group PLC103United Kingdom3.81
 
Increase Decrease New since last portfolio
Category: UK Equity Income
 
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 Date03/12/2012
Fund Advisor(s)
HSBC Global Asset Management (UK) Ltd
Fund ManagerPaul Denham
Manager Start Date14/12/2020
Fund ManagerJonathan Dilley
Manager Start Date14/12/2020
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.80%
Ongoing Charge0.85%
Purchase Details
Minimum Investments
Initial1000000  GBP
Additional500  GBP
Savings-
Tax Free Savings Schemes
ISAsYes