Morningstar Fund Report | 23/04/2025

HSBC Global Funds ICAV - Global Aggregate Bond UCITS ETF S5CH

Performance History	31/03/2025

Growth of 1,000 (GBP)	Advanced Graph

	Fund	-0.6	-0.1	1.1	5.1	-1.9
	+/-Cat	-0.1	-0.8	0.5	0.2	-0.1
	+/-B’mrk	0.2	1.4	0.4	0.1	-0.1


Category: Global Diversified Bond - USD Hedged
Category Benchmark: Morningstar Gbl Core Bd GR ...

Key Stats
NAV 22/04/2025		USD 11.37
Day Change		-0.05%
Morningstar Category™		Global Diversified Bond - USD Hedged
ISIN		IE00BF5DZ259
Fund Size (Mil) 22/04/2025		USD 12509.28
Share Class Size (Mil) 22/04/2025		USD 3115.51
Max Initial Charge		-
Ongoing Charge 07/03/2025		0.05%

Investment Objective: HSBC Global Funds ICAV - Global Aggregate Bond UCITS ETF S5CH

To achieve regular income and capital growth.

Returns

Trailing Returns (GBP)	22/04/2025
YTD	-5.29
3 Years Annualised	0.95
5 Years Annualised	-1.49
10 Years Annualised	-

12 Month Yield

0.00

Management

Manager Name Start Date
Not Disclosed 14/11/2018
Inception Date 14/11/2018

Category Benchmark

Fund Benchmark	Morningstar Benchmark
Bloomberg Global Aggregate TR Hdg USD	Morningstar Gbl Core Bd GR Hdg USD

Portfolio Profile for HSBC Global Funds ICAV - Global Aggregate Bond UCITS ETF S5CH	31/03/2025

Top 5 Holdings	%
HSBC US Dollar Liquidity W	2.49
China Development Bank 2.52%	0.32
Federal National Mortgage Associ...	0.29
China (People's Republic Of) 2.55%	0.29
China (People's Republic Of) 2.27%	0.24

Fixed Income
Effective Maturity	7.71
Effective Duration	5.37

Morningstar Style Box®

Fixed Income Style

Asset Allocation

	% Long	% Short	% Net Assets
Stock	0.00	0.00	0.00
Bond	98.95	0.00	98.95
Property	0.00	0.00	0.00
Cash	234.48	233.67	0.82
Other	0.30	0.06	0.24

Growth Of 1000 (GBP)

31/03/2025

	Fund: HSBC Global Funds ICAV - Global Aggregate Bond UCITS ETF S5CH
	Category: Global Diversified Bond - USD Hedged
	Category Index: Morningstar Gbl Core Bd GR Hdg USD

Annual Returns (GBP)					31/03/2025
	2019	2020	2021	2022	2023	2024	31/03
Price Return	3.83	2.42	-0.58	-0.13	1.08	5.12	-1.90
+/- Category	0.46	0.38	-0.06	-0.77	0.53	0.22	-0.08
+/- Category Index	-0.06	-0.11	0.20	1.35	0.37	0.12	-0.06
% Rank in Category	39	47	42	47	32	44	62

Trailing Returns (GBP)			22/04/2025
	Total Returns	+/- Category	+/- Category Index
1 Day	-0.05	-0.11	-0.24
1 Week	-0.86	-0.22	0.03
1 Month	-3.30	0.00	-0.01
3 Months	-6.78	-0.04	0.01
6 Months	-1.69	-0.08	0.04
YTD	-5.29	-0.15	-0.06
1 Year	-2.32	0.05	0.03
3 Years Annualised	0.95	-0.13	0.35
5 Years Annualised	-1.49	-0.74	0.34
10 Years Annualised	-	-	-

Category: Global Diversified Bond - USD Hedged
Category Index: Morningstar Gbl Core Bd GR Hdg USD

Quarterly Returns (GBP)				31/03/2025
	Quarter 1	Quarter 2	Quarter 3	Quarter 4
2025	-1.90	-	-	-
2024	0.92	-0.01	-1.83	6.11
2023	0.22	-2.77	2.16	1.54
2022	-2.00	3.61	5.18	-6.48
2021	-3.42	0.76	2.56	-0.39
2020	8.65	2.77	-3.81	-4.64

Morningstar Rating™(Relative to Category)

31/03/2025

	Morningstar Return	Morningstar Risk	Morningstar Rating™
3-Year	Average	Average
5-Year	Average	Average
10-Year	-	-	Not Rated
Overall	Average	Average

Click here to see our Methodology

Volatility Measurements

31/03/2025


3-Yr Std Dev	5.54 %
3-Yr Mean Return	2.19 %


3-Yr Sharpe Ratio	-0.32

Modern Portfolio Statistics	31/03/2025	31/03/2025
	Standard Index	Best Fit Index
	Morningstar Gbl Core Bd GR Hdg USD	Morningstar Gbl Core Bd GR Hdg USD
3-Yr Beta	0.95	0.95
3-Yr Alpha	0.25	0.25

Fixed Income Style

31/03/2025

Morningstar Style Box®

Fixed Income Style

Size	Rel to Cat
Total Market Value (Mil)	USD 12185


Maturity Distribution	%
1 to 3	22.25
3 to 5	18.90
5 to 7	11.65
7 to 10	14.72
10 to 15	6.02
15 to 20	5.69
20 to 30	16.49
Over 30	1.73

Effective Maturity	7.71
Effective Duration	5.37

Credit Quality Breakdown	%		%
AAA	21.59	BB	0.24
AA	11.26	B	0.00
A	29.30	Below B	0.00
BBB	38.01	Not Rated	-0.40

Category: Global Diversified Bond - USD Hedged

Asset Allocation

31/03/2025

	% Long	% Short	% Net Assets
Stock	0.00	0.00	0.00
Bond	98.95	0.00	98.95
Property	0.00	0.00	0.00
Cash	234.48	233.67	0.82
Other	0.30	0.06	0.24

Top 10 Holdings

31/03/2025

	Portfolio NEW
Total Number of Equity Holdings	0
Total Number of Bond Holdings	4962
Assets in Top 10 Holdings	4.71

Name	Sector	Country	% of Assets
HSBC US Dollar Liquidity W		Ireland	2.49
China Development Bank 2.52%		China	0.32
Federal National Mortgage Association...		United States	0.29
China (People's Republic Of) 2.55%		China	0.29
China (People's Republic Of) 2.27%		China	0.24
China (People's Republic Of) 2.04%		China	0.23
Federal National Mortgage Association 2%		United States	0.23
Federal National Mortgage Association...		United States	0.22
United States Treasury Notes 4.375%		United States	0.21
China (People's Republic Of) 3.25%		China	0.20

Increase Decrease New since last portfolio
Category: Global Diversified Bond - USD Hedged

Management

Name of Company	HSBC Investment Funds (Luxembourg) S.A.
Phone	(+352) 40 46 46 767
Website	http://www.assetmanagement.hsbc.com
Address	C/O HSBC Securities Services (Luxembourg) S.A.
	Luxembourg L-1160
	Luxembourg

Domicile	Ireland
Legal Structure	Open Ended Investment Company
UCITS	Yes
Inception Date	14/11/2018

Fund Advisor(s)
HSBC Global Asset Management (UK) Ltd

Fund Manager	Not Disclosed
Manager Start Date	14/11/2018

Fees and Expenses

Sales Charges (Maximum)
Max Initial Charge	n/a
Max Exit Charge*	n/a

Annual Charges
Max Annual Management Charge	0.04%
Ongoing Charge	0.05%

Purchase Details

Minimum Investments
Initial	100000000 USD
Additional	-
Savings	-

Tax Free Savings Schemes
ISAs	Yes