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Name

As of 01/29/2021

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

HSBC High Yield Fund

HBYIX | Fund

$10.15

$36.3 M

4.79%

$0.44

2.20%

Vitals

YTD Return

-0.1%

1 yr return

8.1%

3 Yr Avg Return

5.9%

5 Yr Avg Return

7.3%

Net Assets

$36.3 M

Holdings in Top 10

14.9%

52 WEEK LOW AND HIGH

$10.2
$7.84
$10.18

Expenses

OPERATING FEES

Expense Ratio 2.20%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 71.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 01/29/2021

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

HSBC High Yield Fund

HBYIX | Fund

$10.15

$36.3 M

4.79%

$0.44

2.20%

HBYIX - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return 5.9%
  • 5 Yr Annualized Total Return 7.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 5.41%
DIVIDENDS
  • Dividend Yield 4.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    HSBC High Yield Fund
  • Fund Family Name
    HSBC
  • Inception Date
    Jul 14, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Rick Liu

Fund Description

HBYIX - Performance

Return Ranking - Trailing

Period HBYIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -1.5% 5.7% 89.99%
1 Yr 8.1% -49.7% 15.1% 13.05%
3 Yr 5.9%* -17.0% 9.8% 13.51%
5 Yr 7.3%* -8.2% 14.0% 59.46%
10 Yr N/A* 1.1% 9.3% N/A

* Annualized

Return Ranking - Calendar

Period HBYIX Return Category Return Low Category Return High Rank in Category (%)
2023 2.2% -46.8% 399.1% 14.23%
2022 6.8% -10.3% 226.1% 64.08%
2021 -8.4% -18.4% -0.2% 56.90%
2020 1.5% -9.5% 18.8% 36.71%
2019 7.6% -9.1% 28.6% 46.71%

Total Return Ranking - Trailing

Period HBYIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -1.5% 5.7% 88.36%
1 Yr 8.1% -49.7% 14.9% 11.02%
3 Yr 5.9%* -17.0% 9.8% 12.55%
5 Yr 7.3%* -8.2% 14.0% 52.95%
10 Yr N/A* 1.1% 9.3% N/A

* Annualized

Total Return Ranking - Calendar

Period HBYIX Return Category Return Low Category Return High Rank in Category (%)
2023 2.2% -46.8% 399.1% 14.23%
2022 7.2% -8.1% 23.9% 61.78%
2021 -2.6% -18.4% 1.3% 10.47%
2020 5.8% -8.5% 18.8% 17.44%
2019 13.0% -9.1% 39.0% 12.79%

NAV & Total Return History

HBYIX - Holdings

Concentration Analysis

HBYIX Category Low Category High HBYIX % Rank
Net Assets 36.3 M 3.56 M 28.7 B 93.39%
Number of Holdings 225 3 2239 72.45%
Net Assets in Top 10 4.9 M -492 M 3.47 B 90.73%
Weighting of Top 10 14.85% 2.8% 100.0% 34.33%

Top 10 Holdings

  1. iShares JP Morgan USD Em Mkts Bd ETF 3.37%
  2. Northern Institutional US Government 1.66%
  3. Select Medical Corporation 6.25% 1.40%
  4. Altice France Holdings S A 10.5% 1.35%
  5. Mileage Plus Hldgs Llc / Mileage Plus Intellectual Property Assets Ltd 6.5% 1.32%
  6. iShares iBoxx $ High Yield Corp Bd ETF 1.27%
  7. Clearwater Paper Corporation 5.38% 1.15%
  8. LifePoint Health, Inc 9.75% 1.14%
  9. FMG Resources (August 2006) Pty Ltd. 4.5% 1.14%
  10. Lumen Technologies Inc 8% 1.13%

Asset Allocation

Weighting Return Low Return High HBYIX % Rank
Bonds 		98.01% 6.16% 146.57% 7.26%
Cash 		1.67% -48.94% 75.30% 71.24%
Convertible Bonds 		0.32% 0.00% 18.92% 91.67%
Stocks 		0.00% -28.46% 43.20% 75.00%
Preferred Stocks 		0.00% 0.00% 11.16% 42.47%
Other 		0.00% -50.78% 52.10% 31.59%

Bond Sector Breakdown

Weighting Return Low Return High HBYIX % Rank
Corporate 		95.00% 0.00% 100.00% 51.28%
Government 		3.33% 0.00% 71.97% 10.23%
Cash & Equivalents 		1.68% 0.00% 92.44% 74.02%
Derivative 		0.00% 0.00% 39.66% 26.92%
Securitized 		0.00% 0.00% 93.82% 50.20%
Municipal 		0.00% 0.00% 13.37% 9.02%

Bond Geographic Breakdown

Weighting Return Low Return High HBYIX % Rank
US 		81.00% 0.00% 125.17% 40.19%
Non US 		17.01% -26.62% 97.17% 23.52%

HBYIX - Expenses

Operational Fees

HBYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.20% 0.03% 20.43% 7.27%
Management Fee 0.65% 0.00% 1.84% 71.45%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.04% 0.00% 0.50% 7.77%

Sales Fees

HBYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% 100.00%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

HBYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 98.44%

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.

HBYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 71.00% 0.00% 349.00% 58.69%

HBYIX - Distributions

Dividend Yield Analysis

HBYIX Category Low Category High HBYIX % Rank
Dividend Yield 4.79% 0.00% 4.34% 10.99%

Dividend Distribution Analysis

HBYIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

HBYIX Category Low Category High HBYIX % Rank
Net Income Ratio 5.41% -2.17% 10.93% 31.65%

Capital Gain Distribution Analysis

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

Distributions History

View More +

HBYIX - Fund Manager Analysis

Managers

Rick Liu

Start Date

Tenure

Tenure Rank

Jul 14, 2015

5.47

5.5%

Ricky Liu is a senior portfolio manager in the Global Credit team within HSBC Global Asset Management in New York and has been working in the financial industry since 2003. Ricky has been responsible for managing global and US credit portfolios since 2011, and is primarily focused on high yield and crossover credit. Previously, Ricky was a credit analyst in the Distressed Opportunities investment team in New York (2005-2011). He started his career at HSBC in 2004 as part of the Global Analyst rotational program of HSBC in Hong Kong and London. Ricky holds a Bachelor of Commerce (Hons) in Finance from the Sauder School of Business at the University of British Columbia (Canada) and is a CFA charterholder.

Mary Bowers

Start Date

Tenure

Tenure Rank

Jul 14, 2015

5.47

5.5%

Mary Bowers, Senior Portfolio Manager, joined HSBC Global Asset Management in September 2013 and has been working in the industry since 2001. Prior to joining HSBC, Ms. Bowers worked for Aberdeen Asset Management as part of the Artio Global (formerly Julius Baer Asset Management) high yield team which was acquired in the spring of 2013. She acted as a portfolio manager for the global high yield products at Aberdeen/Artio for 10 years. From 2001 to 2003, she was an analyst at Deutsche Bank in the global energy and power investment banking group.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 36.47 6.6 1.59

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