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Trending ETFs

Name

As of 10/27/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$1.00

$835 M

0.00%

0.63%

Vitals

YTD Return

3.3%

1 yr return

4.1%

3 Yr Avg Return

1.7%

5 Yr Avg Return

1.6%

Net Assets

$835 M

Holdings in Top 10

53.3%

52 WEEK LOW AND HIGH

$1.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.63%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Money Market Fund


Name

As of 10/27/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$1.00

$835 M

0.00%

0.63%

FTRXX - Profile

Distributions

  • YTD Total Return 3.3%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 1.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.01%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    HSBC U.S. Government Money Market Fund
  • Fund Family Name
    HSBC
  • Inception Date
    May 03, 1990
  • Shares Outstanding
    1642371
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Management Team

Fund Description

The Fund is a government money market fund and seeks to maintain a stable price of $1.00 per share. The Fund seeks to achieve its investment objective by investing at least 99.5% of its total assets in cash, securities issued or guaranteed by the United States or certain U.S. government agencies or instrumentalities (“U.S. Government Securities”) and/or repurchase agreements that are collateralized fully by these types of obligations. In addition, the Fund must invest, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, in U.S. Government Securities and repurchase agreements collateralized fully by these types of obligations. The Fund will invest in securities with maturities of (or deemed maturities of) 397 days or less and will maintain a dollar-weighted average portfolio maturity of 60 days or less and a dollar-weighted average portfolio life of 120 days or less.

The Fund invests in issues of the U.S. Treasury, such as bills, notes and bonds, and issues of U.S. government agencies and instrumentalities established under the authority of an Act of Congress. This includes securities of various U.S. government agencies which, while chartered or sponsored by Acts of Congress, are neither issued nor guaranteed by the U.S. Treasury. The Fund may invest in, among other things, obligations that are supported by the “full faith and credit” of the United States (e.g., obligations guaranteed by the Government National Mortgage Association); supported by the right of the issuer to borrow from the U.S. Treasury (e.g., obligations of the Federal National Mortgage Association); or supported only by the credit of the agency or instrumentality (e.g., obligations of the Federal Farm Credit Bank). The Fund may also invest in repurchase agreements that are collateralized by U.S. Government Securities, as well as securities of other money market funds that primarily invest in U.S. Government Securities and repurchase agreements collateralized by U.S. Government Securities.

In purchasing and selling securities for the Fund, portfolio managers consider the credit analysis performed by HSBC Global Asset Management (USA) Inc., the Fund’s investment adviser (the “Adviser”). Portfolio managers select investments from an approved credit list compiled by the Adviser’s global credit analysts, who have conducted an independent qualitative and quantitative review of each issuer on the list. Safety is prioritized, with additional emphasis placed on liquidity and yield.

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FTRXX - Performance

Return Ranking - Trailing

Period FTRXX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% 0.3% 4.8% 97.54%
1 Yr 4.1% 0.7% 5.4% 84.69%
3 Yr 1.7%* 0.6% 2.4% 57.49%
5 Yr 1.6%* 0.5% 110.1% 38.55%
10 Yr 0.9%* 0.2% 31.8% 51.43%

* Annualized

Return Ranking - Calendar

Period FTRXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% 0.0% 1.2% 24.18%
2022 0.0% 0.0% 0.0% 23.94%
2021 0.0% 0.0% 0.4% 23.84%
2020 0.0% 0.0% 2.0% 23.33%
2019 0.0% 0.0% 1.5% 22.67%

Total Return Ranking - Trailing

Period FTRXX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% 0.3% 4.8% 97.54%
1 Yr 4.1% 0.7% 5.4% 84.69%
3 Yr 1.7%* 0.6% 2.4% 57.49%
5 Yr 1.6%* 0.5% 110.1% 38.55%
10 Yr 0.9%* 0.2% 31.8% 51.43%

* Annualized

Total Return Ranking - Calendar

Period FTRXX Return Category Return Low Category Return High Rank in Category (%)
2023 2.0% 0.0% 2.7% 6.05%
2022 0.0% 0.0% 2.0% 63.03%
2021 0.8% 0.0% 44.0% 4.07%
2020 1.6% 0.0% 3797.9% 69.39%
2019 1.0% 0.0% 2.8% 72.67%

NAV & Total Return History


FTRXX - Holdings

Concentration Analysis

FTRXX Category Low Category High FTRXX % Rank
Net Assets 835 M 818 K 211 B 34.04%
Number of Holdings 119 1 346 18.78%
Net Assets in Top 10 17.8 B -343 K 163 B 34.51%
Weighting of Top 10 53.29% 22.7% 100.0% 70.29%

Top 10 Holdings

  1. Frb 0.05% , 1/3/2022 31.97%
  2. Frb 0.05% , 1/3/2022 31.97%
  3. Frb 0.05% , 1/3/2022 31.97%
  4. Frb 0.05% , 1/3/2022 31.97%
  5. Frb 0.05% , 1/3/2022 31.97%
  6. Frb 0.05% , 1/3/2022 31.97%
  7. Frb 0.05% , 1/3/2022 31.97%
  8. Frb 0.05% , 1/3/2022 31.97%
  9. Frb 0.05% , 1/3/2022 31.97%
  10. Frb 0.05% , 1/3/2022 31.97%

Asset Allocation

Weighting Return Low Return High FTRXX % Rank
Cash
76.21% 25.56% 100.00% 48.24%
Bonds
23.49% 0.00% 74.44% 47.78%
Convertible Bonds
0.30% 0.00% 21.22% 7.49%
Stocks
0.00% 0.00% 0.00% 23.89%
Preferred Stocks
0.00% 0.00% 0.00% 23.89%
Other
0.00% -1.67% 0.04% 24.12%

Bond Sector Breakdown

Weighting Return Low Return High FTRXX % Rank
Cash & Equivalents
76.21% 0.00% 100.00% 46.14%
Government
23.49% 0.00% 44.01% 46.84%
Corporate
0.30% 0.00% 100.00% 14.99%
Derivative
0.00% 0.00% 0.00% 23.89%
Securitized
0.00% 0.00% 1.75% 26.00%
Municipal
0.00% 0.00% 22.71% 28.81%

Bond Geographic Breakdown

Weighting Return Low Return High FTRXX % Rank
US
23.49% 0.00% 72.86% 47.78%
Non US
0.00% 0.00% 3.41% 25.06%

FTRXX - Expenses

Operational Fees

FTRXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.63% 0.08% 4.53% 21.93%
Management Fee 0.10% 0.03% 0.50% 15.69%
12b-1 Fee 0.00% 0.00% 1.00% 6.63%
Administrative Fee 0.04% 0.01% 0.55% 4.42%

Sales Fees

FTRXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 5.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FTRXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 5.00% 5.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FTRXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 485.00% N/A

FTRXX - Distributions

Dividend Yield Analysis

FTRXX Category Low Category High FTRXX % Rank
Dividend Yield 0.00% 0.00% 0.32% 52.69%

Dividend Distribution Analysis

FTRXX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FTRXX Category Low Category High FTRXX % Rank
Net Income Ratio 0.01% -1.09% 1.67% 38.41%

Capital Gain Distribution Analysis

FTRXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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FTRXX - Fund Manager Analysis

Managers

Management Team


Start Date

Tenure

Tenure Rank

Feb 28, 2006

16.26

16.3%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 46.68 15.07 19.01