fund
HSBC World Selection Cautious Portfolio C
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144.10p
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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166.20p
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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0.55%
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).
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1.16%
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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1.10%
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 | Unclassified |
| Structure | UNIT TRUST |
| Launched | December, 2012 |
| Size | £741m |
| Yield | 1.10% |
| Charging basis | |
| Dividends paid | 16 Jun, 15 Dec |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 0.55% |
| Ongoing charges figure | 1.16% |
Allocation
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Investment process
The fund aims to provide capital growth through cautious investment in a broad range of asset classes across global markets.
Manager research
Average monthly relative returns
- 16/17 -0.04%
- 17/18 0.01%
- 18/19 0.17%
- 19/20 0.00%
- 20/21 0.00%
Bestinvest MRI
- 3 years 0.00%
- 5 years 0.00%
- Career -0.13%
- 3 years 0.00%
- 5 years 0.00%
- Career 58.70%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Hsbc Multimanager
HSBC's multimanager team is led by James Hughes, who joined the group in 2006. He is responsible for all aspects of Multimanager in the UK and Middle East and manages a range of assets for wholesale and institutional clients. Hughes also has a supporting role with regard to research of various asset classes to ensure the team adhere to the global research process.
Track record
Hsbc Multimanager has 6.1 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.13%. During the worst period of relative performance (from February 2007 - June 2008) there was a decline of 12% relative to the index. The worst absolute loss has been 42%.
Periods of worst performance
| Absolute | -42.00% (May 2007 - February 2009) |
| Relative | -12.00% (February 2007 - June 2008) |
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 30 November 2019
| 15.05% | Hsbc Gif Global Govt Bd Zq1 |
| 11.7% | Hsbc Ftse All World Index Inst Acc |
| 10.51% | Hsbc Gif Global Corp Bd Zq1 |
| 5.48% | Hsbc Gif Global Em Local Dbt Zq1 |
| 4.97% | Hsbc Gif Glingd Sctsd Crdt Bd Zc |
| 4.55% | Hsbc Global Liq Sterling Liquidity Y |
| 3.45% | Hsbc Gif Global Re Eq Zq1 |
| 3.44% | Hsbc Gif Global Em Bd Zq1 |
| 3.21% | Hsbc Gif Multi-Asset Style Factors Zc |
| 2.96% | Hsbc Gif Global Hi Yld Bd Zq1 |
| Source: Trustnet |