Morningstar Fund Report  | 07/04/2025Print

HSBC Developed World Lower Carbon ESG Tilt Equity Fund Accumulation S GBP

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
HSBC Developed World Lower Carbon ESG Tilt Equity Fund Accumulation S GBP
Fund23.4-6.913.217.0-3.3
+/-Cat5.42.40.42.70.4
+/-B’mrk3.70.8-2.1-2.31.0
 
Category: Global Large-Cap Blend Equity
Category Benchmark: Morningstar Global TME NR USD
Key Stats
NAV
07/04/2025		 GBP 1.33
Day Change -3.96%
Morningstar Category™ Global Large-Cap Blend Equity
IA (formerly IMA) Sector Global
ISIN GB00BN71RV62
Fund Size (Mil)
04/04/2025		 GBP 4180.72
Share Class Size (Mil)
04/04/2025		 GBP 0.14
Max Initial Charge -
Ongoing Charge
18/02/2025		  0.14%
Investment Objective: HSBC Developed World Lower Carbon ESG Tilt Equity Fund Accumulation S GBP
The Fund aims to track the performance of the FTSE Developed ESG Low Carbon Select Index (the “Index”) before the deduction of charges. To achieve its investment objective, the Fund will invest directly in shares (equities) of companies that make up the FTSE Developed ESG Low Carbon Select 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 of 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)07/04/2025
YTD-13.07
3 Years Annualised3.90
5 Years Annualised-
10 Years Annualised-
12 Month Yield 1.72
Management
Manager Name
Start Date
Joseph Molloy
12/10/2020
Inception Date
10/12/2020

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE Dev ESG Low Carbon Select NR USDMorningstar Global TME NR USD
Portfolio Profile for  HSBC Developed World Lower Carbon ESG Tilt Equity Fund Accumulation S GBP31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.960.0099.96
Bond0.000.000.00
Property0.000.000.00
Cash7.727.710.01
Other0.040.000.04
Top 5 Regions%
United States69.46
Eurozone9.02
Japan6.73
Europe - ex Euro4.73
United Kingdom4.28
Top 5 Sectors%
Technology28.63
Financial Services27.18
Healthcare11.24
Consumer Defensive7.98
Consumer Cyclical7.70
Top 5 HoldingsSector%
Visa Inc Class AFinancial ServicesFinancial Services6.73
NVIDIA CorpTechnologyTechnology6.08
Johnson & JohnsonHealthcareHealthcare5.50
Apple IncTechnologyTechnology4.60
Cisco Systems IncTechnologyTechnology3.36
Increase Decrease New since last portfolio
HSBC Developed World Lower Carbon ESG Tilt Equity Fund Accumulation S GBP
Growth Of 1000 (GBP) 31/03/2025
Fund:  HSBC Developed World Lower Carbon ESG Tilt Equity Fund Accumulation S GBP
Category:  Global Large-Cap Blend Equity
Category Index:  Morningstar Global TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 202120222023202431/03
Price Return23.40-6.9013.1916.99-3.30
+/- Category5.352.440.432.720.42
+/- Category Index3.740.81-2.06-2.300.99
% Rank in Category2026513936
Trailing Returns (GBP)07/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-3.96   -1.07-0.32
1 Week-10.10   -4.66-2.32
1 Month-12.36   -3.94-1.44
3 Months-14.06   -5.49-0.95
6 Months-9.91   -5.02-1.81
YTD-13.07   -5.20-1.39
1 Year-4.27   -2.54-2.33
3 Years Annualised3.90   -0.18-0.36
5 Years Annualised-   --
10 Years Annualised-   --
 
Category: Global Large-Cap Blend Equity
Category Index: Morningstar Global TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-3.30---
20247.872.55-0.226.00
20231.984.160.026.54
2022-2.26-8.963.021.56
20214.426.183.777.26
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageBelow Average4 star
5-Year--Not Rated
10-Year--Not Rated
OverallAverageBelow Average4 star
 
Category :  Global Large-Cap Blend EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev9.34 %
3-Yr Mean Return7.30 %
 
3-Yr Sharpe Ratio0.33
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Global TME NR USD  MSCI World NR USD
3-Yr Beta0.820.79
3-Yr Alpha-0.40-0.91
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 146960-
Market Capitalisation% of Equity
Giant49.18
Large38.02
Medium12.62
Small0.18
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings16.350.83
Price/Book2.660.79
Price/Sales2.210.89
Price/Cash Flow11.110.81
Dividend-Yield Factor2.391.34
 
Long-Term Projected Earnings Growth10.061.00
Historical Earnings Growth7.240.71
Sales Growth4.910.92
Cash-Flow Growth5.230.90
Book-Value Growth6.630.85
 
Category: Global Large-Cap Blend Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.960.0099.96
Bond0.000.000.00
Property0.000.000.00
Cash7.727.710.01
Other0.040.000.04
World Regions31/03/2025
 % of EquityRelative to Category
United States69.461.00
Canada1.110.48
Latin America0.090.32
United Kingdom4.280.96
Eurozone9.020.96
Europe - ex Euro4.731.02
Europe - Emerging0.2219.35
Africa0.000.00
Middle East0.181.32
Japan6.731.39
Australasia2.042.03
Asia - Developed2.101.02
Asia - Emerging0.040.03
 
Category: Global Large-Cap Blend Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials3.091.03
Consumer CyclicalConsumer Cyclical7.700.73
Financial ServicesFinancial Services27.181.61
Real EstateReal Estate0.800.43
Consumer DefensiveConsumer Defensive7.981.40
HealthcareHealthcare11.240.96
UtilitiesUtilities1.890.96
Communication ServicesCommunication Services5.650.67
EnergyEnergy1.630.66
IndustrialsIndustrials4.220.41
TechnologyTechnology28.631.06
 
Category: Global Large-Cap Blend Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings777
Total Number of Bond Holdings0
Assets in Top 10 Holdings34.24
NameSectorCountry% of Assets
Visa Inc Class A103United States6.73
NVIDIA Corp311United States6.08
Johnson & Johnson206United States5.50
Apple Inc311United States4.60
Cisco Systems Inc311United States3.36
Coca-Cola Co205United States2.65
Salesforce Inc311United States1.55
Amazon.com Inc102United States1.42
Verizon Communications Inc308United States1.25
Qualcomm Inc311United States1.09
 
Increase Decrease New since last portfolio
Category: Global Large-Cap Blend 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 Date10/12/2020
Fund Advisor(s)
HSBC Global Asset Management (UK) Ltd
Fund ManagerJoseph Molloy
Manager Start Date12/10/2020
Career Start Year1997
Education
1995, South Bank University, London, B.A./B.S.
 
Biography
Joseph is responsible for the management of the HSBC Quantitative Equity Team, which has an extensive fund range expanding across traditional Index, ETF & Alternatively Weighted funds, both pooled and segregated structures. Prior to HSBC, Joseph was Global Head of Index Equities at Legal & General Investment Management where he had been employed since 2009. Over his career Joseph has extensive Fund Management experience which has meant he has been a senior Portfolio manager for many portfolios across many index strategies. Joseph started his investment management career with Gulf International Bank as a portfolio dealer on the dealing desk. Joseph graduated in Business & Finance at London’s South Bank University in May 1995. Joseph represents HSBC as a current member of the FTSE Country Classification Committee.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.11%
Ongoing Charge0.14%
Purchase Details
Minimum Investments
Initial10000000  GBP
Additional10000000  GBP
Savings-
Tax Free Savings Schemes
ISAsNo