HSBC High Yield Fund*

As of 3/31/2019

Quality Distribution

Quality Distribution Fund information and comparison to Benchmark (if available)
Quality Fund
AAA --
AA --
A --
BBB 2.1%
BB 34.4%
B 35.7%
CCC 13.1%
CC --
D 0.1%
Unrated 7.0%
Cash 7.7%
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 66.1%
Canada 4.9%
United Kingdom 2.1%
Ireland 1.9%
Brazil 1.8%
Germany 1.7%
France 1.4%
Netherlands 1.1%
Argentina 0.8%
Turkey 0.8%

Sector Allocation

Sector allocation information for Fund and comparison to Benchmark (if available)
Sector Name Fund
Basic Industry 13.1%
Healthcare 11.1%
Energy 10.2%
Media 9.5%
Leisure 7.9%
Telecommunications 5.3%
Technology & Electronics 5.1%
Banking 4.5%
Financial Services 4.3%
Capital Goods 3.6%

*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 Merrill Lynch Global High Yield Index