HSBC High Yield Fund*

As of 5/31/2019

Quality Distribution

Quality Distribution Fund information and comparison to Benchmark (if available)
Quality Fund
AAA --
AA --
A --
BBB 3.1%
BB 35.2%
B 40.0%
CCC 12.2%
CC --
C --
D 0.1%
Unrated 6.2%
Cash 3.3%
Ratings AAA through BBB are considered investment grade, while ratings BB through D are considered not investment grade.

Sector Allocation

Sector allocation information for Fund and comparison to Benchmark (if available)
Sector Name Fund
Basic Industry 13.0%
Energy 10.6%
Healthcare 10.5%
Media 10.2%
Leisure 7.1%
Telecommunications 7.1%
Banking 5.3%
Technology & Electronics 5.0%
Services 4.2%
Financial Services 3.7%

*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