Explore current compelling yield environment
- The sub-fund aims to provide short term capital growth and income by investing in a portfolio of bonds and money market instruments whose average duration of the portfolio holdings of the sub-fund is not expected to exceed 1 year, which is considered to be ultra-short duration
- As of 30 September 2022, the sub-fund’s annualised dividend yields1 of Share Class PM2 and Share Class PM3HSGD are 4.61% and 4.09%
1. Source: HSBC Asset Management, as of 31 December 2022. As disclosed in the sub-fund’s prospectus and product highlight sheet, the sub-fund may pay dividends out of capital and/or from income gross of expenses, and the dividend is not guaranteed with amount and payment frequency determined at the Manager’s discretion. Dividend paid from capital may result in capital erosion and reduction in net asset value. The sub-fund may invest in financial derivative instruments for investment purpose which may lead to higher volatility to its net asset value. A positive distribution yield does not imply a positive return. Past distribution yields and payments do not represent future distribution yields and payments. Historical payments may be comprised of both distributed income and capital. The calculation method of annualised yield: ((1+ (dividend amount/ ex-dividend NAV))^12) – 1. The annualized dividend yield is calculated based on the dividend distribution on the relevant date with dividend reinvested, and may be higher or lower than the actual annual dividend yield.
The sub-fund was incepted on 8 June 2021.
For the Share Class PM2, the proportion of dividend paid out of distributed income was 65.21% and the proportion paid out of capital was 34.79%. The annualized volatility for the Share Class PM2 was 1.02% as of 31 Dec 2022.
For the Share Class PM3HSGD, the proportion of dividend paid out of distributed income was 73.60% and the proportion paid out of capital was 26.40%. The annualized volatility for the Share Class PM3HSGD was 1.00% as of 31 Dec 2022.
