HSBC High Yield Fund*

As of 7/31/2019

Quality Distribution

Quality Distribution Fund information and comparison to Benchmark (if available)
Quality Fund
BBB 2.8%
BB 34.4%
B 42.9%
CCC 11.0%
CC 0.0%
C 0.0%
D 0.0%
Unrated 6.3%
Cash 2.7%
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 72.9%
Canada 4.2%
United Kingdom 2.0%
Australia 1.6%
Ireland 1.6%
Brazil 1.6%
Germany 1.3%
Switzerland 1.1%
Argentina 0.8%
Turkey 0.8%

*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