HSBC High Yield Fund*

Overview of share class details including ticker, CUSIP, and inception date
Fund Description This actively managed fund aims to deliver consistent monthly income with longer-term capital appreciation. The fund primarily invests in a diversified portfolio of USD-denominated high yield bonds but can invest tactically in non-US companies or governments as well as in securitized debt and loans.
Benchmark ICE BofA U.S. High Yield Constrained Index
Ticker HBYIX
Cusip 44330V670
Inception Date July 14, 2015
Portfolio Manager Mary Bowers, CFA
Senior Portfolio Manager
Daily Nav (as of 8/14/2020) $9.80
Monthly Distribution Yield (as of 7/31/2020) 5.68%
12 Month Distribution Yield (as of 7/31/2020) 5.56%
SEC 30-Day Yield (as of 7/31/2020)1 5.83% / 4.20%
Dividend Frequency Monthly
Share Class Assets (as of 8/14/2020) $30.52 Million
Total Fund Assets (as of 8/14/2020) $34.17 Million
Minimum Initial Investment $1 million

The monthly distribution yield is calculated by annualizing actual dividend payments distributed for the monthly period ended on the date shown and dividing by the net asset value on the ex-dividend date.

The 12 month distribution yield is the sum of the Fund’s total trailing 12 month dividend payments for the period ended on the date shown and dividing by the net asset value on the most recent ex-dividend date.

*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