HSBC World Select Dividend Distribution C

Fund of funds targeting income from bonds, equities, property and commodities.

  • 120.00p
    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.

  • 211.40p
    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?

  • 0.00%

    Initial charge

    Some 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!

  • 0.55%
    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).

  • 1.43%
    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.

  • 3.50%
    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…

Prices as at 26 January 2021

Fund summary

Sector Mixed Investment 20-60% Shares
Structure OEIC
Launched September, 2012
Size £434m
Yield 3.50%
Charging basis Capital
Dividends paid 15 Mar, 15 Jun, 15 Sep, 15 Dec

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.55%
Ongoing charges figure 1.43%

Allocation

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Investment process

The fund’s objective is to provide a high level of income by investing in a broad range of asset classes across global markets. The fund will invest primarily in collective investment schemes that in turn invest in fixed income securities, higher yielding equities, property, commodities and derivatives. The ACD may also invest at its discretion in other transferable securities, money market deposits, cash and near cash.

Manager research

Average monthly relative returns

  • 16/17 -0.21%
  • 17/18 0.33%
  • 18/19 -0.07%
  • 19/20 -0.54%
  • 20/21 0.03%

Bestinvest MRI

  • 3 years -0.19%
  • 5 years -0.09%
  • Career -0.02%
  • 3 years 50.00%
  • 5 years 50.00%
  • Career 83.90%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Jon Rebak

Rebak joined Multimanager in February 2000 and his role encompasses fund of funds management, the provision of asset allocation, fund selection and client services. He transferred to the unit from HSBC Investment Management where he worked for 8 years. His role there included private client responsibilities and involvement in funds committee deciding policy for both open and closed end funds. He has been employed by Group entities on a continuous basis for more than 20 years. Rebak holds a BA in Geography from the University College of Wales Lampeter.

Track record

Jon Rebak has 9.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.02%. During the worst period of relative performance (from February 2009 - June 2012) there was a decline of 12% relative to the index. The worst absolute loss has been 31%.

Periods of worst performance

Absolute -31.00% (October 2007 - February 2009)
Relative -12.00% (February 2009 - June 2012)

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

24.47% Hsbc Ucits Cn Cntl Dev Wld Eq Inc Faca1$
11.96% Hsbc Gif Global Em Local Dbt Zq1
8.78% Fidelity Global Qual Inc Etf Inc
7.42% Hsbc Corporate Bond Inst Inc
7.05% Hsbc Gif Global Em Bd Zq1
6.43% Vanguard Ftse 100 Ucits Etf Inc Gbp
5.25% Hsbc Gif Global Hi Yld Bd Zq1
4.91% Fidelity Emerg Mkts Qual Inc Etf Usd Acc
3.62% Hsbc Gif Glb Shrt Dur Hy Bd Zq1
3.35% Bbgi Sicav S.a. Ord
Source: Trustnet

Key Investor Information - Income

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Key Investor Information - Accumulation

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