HSBC High Yield Fund*

As of 12/31/2020

Quality Distribution

Quality Distribution Fund information and comparison to Benchmark (if available)
Quality Fund
AAA 0.0%
AA 0.0%
A 0.0%
BBB 3.6%
BB 32.4%
B 40.0%
CCC 15.3%
CC 0.2%
C 0.0%
D 0.0%
Unrated 5.0%
Cash 3.5%
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 80.4%
Luxembourg 3.1%
Canada 2.1%
United Kingdom 1.2%
Australia 1.1%
Cayman Islands 1.0%
Zambia 0.7%
Peru 0.6%
Ireland 0.6%
France 0.4%

Sector Allocation

Sector allocation information for Fund and comparison to Benchmark (if available)
Sector Name Fund
Healthcare 11.5%
Basic Industry 10.8%
Energy 9.5%
Media 8.3%
Financial Services 6.7%
Leisure 6.2%
Automotive 5.6%
Telecommunications 5.0%
Capital Goods 4.9%
Technology & Electronics 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