HSBC High Yield Fund*

As of 7/31/2020

Quality Distribution

Quality Distribution Fund information and comparison to Benchmark (if available)
Quality Fund
AAA 0.0%
AA 0.0%
A 0.0%
BBB 4.0%
BB 37.0%
B 37.2%
CCC 13.7%
CC 0.0%
C 0.0%
D 0.0%
Unrated 5.0%
Cash 3.1%
Ratings AAA through BBB are considered investment grade, while ratings BB through D are considered not investment grade.

Top Ten Countries

Top ten countries in Fund.
Country Fund
United States 79.2%
Luxembourg 4.1%
Australia 1.4%
Ireland 1.3%
United Kingdom 1.3%
Canada 1.1%
Cayman Islands 0.7%
Zambia 0.7%
Peru 0.6%
Belgium 0.6%

Sector Allocation

Sector allocation information for Fund and comparison to Benchmark (if available)
Sector Name Fund
Healthcare 11.4%
Basic Industry 10.9%
Energy 10.7%
Media 8.7%
Financial Services 7.2%
Technology & Electronics 6.6%
Leisure 6.4%
Telecommunications 6.2%
Capital Goods 4.8%
Automotive 4.6%

*On April 1, 2019, the HSBC Global High Yield Bond Fund became the HSBC High Yield Fund. Although the fund will no longer invest in a globally diversified portfolio of high yield securities, the fund will invest opportunistically in investments outside of the United States.
**Prior to April 1, 2019, the fund's benchmark was the ICE BofA Global High Yield Index