HSBC High Yield Fund*

As of April 1, 2019, the benchmark is the ICE BofA Merrill Lynch U.S. High Yield Constrained Index. Prior to that date, the benchmark was the ICE BofA Merrill Lynch Global High Yield Index.

Monthly Performance returns as of 5/31/2019

1
MO
3
MO
6
MO
1
YR
3
YRS
Inception (7/14/2015) Gross Exp. Net Exp.
HSBC High Yield Fund* - without sales charge -0.96% 0.92% 4.62% 4.37% 5.36% 4.20% 2.25% 0.83%
ICE BofA Merrill Lynch U.S. High Yield Constrained Index -1.27% 1.09% 5.16% 5.36% 7.06% 5.57% n/a n/a
ICE BofA Merrill Lynch Global High Yield -0.81% 1.57% 6.25% 6.50% 6.78% 5.73% n/a n/a
Performance for the Fund reflects the expense ratio as reported in the prospectus dated January 31, 2019. HSBC Global Asset Management (USA) Inc., the Fund’s investment adviser has entered into a contractual expense limitation agreement with the Fund under which it will limit total expenses of the Fund (excluding interest, tax, brokerage commissions, extraordinary expenses and estimated indirect expenses attributable to the Fund’s investments in investment companies) to an annual rate of 0.80%. The expense limitation agreement is effective until March 1, 2020.
 

Quarterly Performance returns as of 3/31/2019

1
MO
3
MO
6
MO
1
YR
3
YRS
Inception (7/14/2015) Gross Exp. Net Exp.
HSBC High Yield Fund* - without sales charge 0.79% 5.76% 2.11% 3.92% 6.31% 4.35% 2.25% 0.83%
ICE BofA Merrill Lynch U.S. High Yield Constrained Index 0.98% 7.40% 2.39% 5.93% 8.68% 5.79% n/a n/a
ICE BofA Merrill Lynch Global High Yield 1.13% 6.80% 3.87% 5.79% 7.80% 5.87% n/a n/a
Performance for the Fund reflects the expense ratio as reported in the prospectus dated January 31, 2019. HSBC Global Asset Management (USA) Inc., the Fund’s investment adviser has entered into a contractual expense limitation agreement with the Fund under which it will limit total expenses of the Fund (excluding interest, tax, brokerage commissions, extraordinary expenses and estimated indirect expenses attributable to the Fund’s investments in investment companies) to an annual rate of 0.80%. The expense limitation agreement is effective until March 1, 2020.


*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