HSBC Emerging Markets Debt Fund

As of April 10, 2017, the benchmark is 50% JP Morgan EM Bond Index Global (EMBI Global); 50% JP Morgan GBI-EM Global Diversified Index (GBI-EM GD). Prior to that date, the benchmark consisted of 100% JP Morgan Emerging Markets Bond Index Global (EMBI Global)

The Fund's local exposure is subject to margin rules imposed by applicable law which currently preclude the Fund from trading in certain uncleared derivatives. The inability to use these instruments may adversely impact the Fund's performance.

Monthly Performance returns as of 3/31/2019

1
MO
3
MO
6
MO
1
YR
3
YRS
5
YRS
Inception (4/7/2011) Gross Exp. Net Exp.
HSBC Emerging Markets Debt Fund - with sales charge -5.10% -0.35% -0.47% -8.62% 1.82% 2.27% 3.83% 3.11% 0.88%
HSBC Emerging Markets Debt Fund - without sales charge -0.32% 4.57% 4.51% -4.04% 3.47% 3.27% 4.47% 3.11% 0.88%
EMBIG/GBI-EM Blend 0.06% 4.76% 5.24% -2.11% 4.30% 2.05% 2.70% n/a n/a
Performance for the Fund reflects the expense ratio as reported in the prospectus dated February 28, 2018. HSBC Global Asset Management (USA) Inc., the Fund’s investment adviser has entered into a contractual expense limitation agreement with the Fund under which it will limit total expenses of the Fund (excluding interest, tax, brokerage commissions, extraordinary expenses and estimated indirect expenses attributable to the Fund’s investments in investment companies) to an annual rate of 0.85%. The expense limitation agreement is effective until March 1, 2019.
 

Quarterly Performance returns as of 3/31/2019

1
MO
3
MO
6
MO
1
YR
3
YRS
5
YRS
Inception (4/7/2011) Gross Exp. Net Exp.
HSBC Emerging Markets Debt Fund - with sales charge -5.10% -0.35% -0.47% -8.62% 1.82% 2.27% 3.83% 3.11% 0.88%
HSBC Emerging Markets Debt Fund - without sales charge -0.32% 4.57% 4.51% -4.04% 3.47% 3.27% 4.47% 3.11% 0.88%
EMBIG/GBI-EM Blend 0.06% 4.76% 5.24% -2.11% 4.30% 2.05% 2.70% n/a n/a
Performance for the Fund reflects the expense ratio as reported in the prospectus dated February 28, 2018. HSBC Global Asset Management (USA) Inc., the Fund’s investment adviser has entered into a contractual expense limitation agreement with the Fund under which it will limit total expenses of the Fund (excluding interest, tax, brokerage commissions, extraordinary expenses and estimated indirect expenses attributable to the Fund’s investments in investment companies) to an annual rate of 0.85%. The expense limitation agreement is effective until March 1, 2019.

Calendar Year Total Returns

Total returns table by year descending
Annual Returns for Years Ended:
With Sales Charge Without Sales Charge EMBIG/GBI-EM Blend
12/31/2018 -11.80% -7.40% -5.33%
12/31/2017 5.38% 10.61% 11.31%
12/31/2016 3.26% 8.37% n/a
12/31/2015 -4.73% 0.03% n/a
12/31/2014 0.21% 5.17% n/a
12/31/2013 -12.00% -7.57% n/a
12/31/2012 13.52% 19.23% n/a