HSBC High Yield Fund*

As of 12/31/2019

Quality Distribution

Quality Distribution Fund information and comparison to Benchmark (if available)
Quality Fund
AAA 0.0%
AA 0.0%
A 0.0%
BBB 2.8%
BB 34.7%
B 40.8%
CCC 13.7%
CC 0.1%
C 0.0%
D 0.0%
Unrated 5.3%
Cash 2.5%
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 74.5%
Luxembourg 4.1%
Canada 3.6%
United Kingdom 2.5%
Ireland 1.1%
Cayman Islands 1.0%
Australia 1.0%
Turkey 0.7%
Switzerland 0.7%
Belgium 0.6%

Sector Allocation

Sector allocation information for Fund and comparison to Benchmark (if available)
Sector Name Fund
Healthcare 11.0%
Basic Industry 10.6%
Media 9.2%
Telecommunications 9.2%
Energy 7.7%
Leisure 7.0%
Capital Goods 6.3%
Technology & Electronics 5.7%
Financial Services 5.2%
Retail 3.9%

*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