fund
HSBC Global Strategy Cautious Portfolio C
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138.00p
Price (Inc)
These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.
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158.00p
Price (Acc)
These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?
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0.00%
Initial chargeSome funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!
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0.25%
Annual management charge
This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).
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0.58%
Ongoing charges
This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.
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1.00%
Yield
How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…
Fund summary
| Sector | Volatility Managed |
| Structure | OEIC |
| Launched | November, 2012 |
| Size | £394m |
| Yield | 1.00% |
| Charging basis | Income |
| Dividends paid | 15 Jun, 15 Dec |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 0.25% |
| Ongoing charges figure | 0.58% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 16/17 0.00%
- 17/18 0.00%
- 18/19 0.00%
- 19/20 0.00%
- 20/21 0.00%
Bestinvest MRI
- 3 years 0.00%
- 5 years 0.00%
- Career -1.10%
- 3 years 0.00%
- 5 years 0.00%
- Career 0.00%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Caroline Hitch / Jane Davies
Hitch is a senior portfolio manager responsible for a wide range of investment activities focused on developing, managing and reporting on the department's multi asset products. After graduating from Cambridge University with a degree in Economics, she joined James Capel & Co in London. Subsequently she has lived and worked in a number of other locations including the Channel Islands and Hong Kong and has been extensively involved with the activities of the investment teams in Europe and North America. Davies is a Senior Portfolio Manager and has been working in the industry since 1998. She has 14 years portfolio management experience with HSBC Group, focusing on multi-asset portfolio management and asset allocation. Her previous roles have included Head of Global Investment Solutions and Head of Multimanager for the UK and Middle East. She is a qualified Chartered Financial Analyst, holds the Investment Management Certificate (FSA, UK), is a Member of the Society of Technical Analysts (MSTA), and holds First Class BSc (Hons.) in Psychology and Philosophy (University of Leeds).
Track record
The track record of Caroline Hitch / Jane Davies in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.
Periods of worst performance
| Absolute | -9.00% (May 2012 - June 2012) |
| Relative | -15.00% (May 2012 - May 2013) |
About the MRI
Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.
Allocation
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Top 10 holdings
Data accurate as at 31 July 2020
| 31.85% | Hsbc Global Corporate Bond Index Zqhusd |
| 22.58% | Hsbc Global Government Bond Index Zqhusd |
| 11.06% | Hsbc American Index Inst Acc |
| 3.92% | Ishares Usd Corp Bond Ucits Etf |
| 3.36% | Hsbc Global Liq Sterling Liquidity Y |
| 2.58% | Ishares Emergmkts Idx (Ie) Instl Acc Usd |
| 2.48% | Hsbc European Index Inst Acc |
| 2.47% | Japan(Government Of) 1.1% Bds 20/06/20 Jpy50000 |
| 2.18% | Us Treasury N/B 1.2500 |
| 1.62% | United States Of Amer Treas Bonds 2% Bds 15/01/26 Usd1000 |
| Source: Trustnet |