# HSBC Global Investment Funds - Global Lower Carbon Bond Share Class AC	31 Aug 2020
| 3-Year Risk Measures | AC | Reference Benchmark | 5-Year Risk Measures | AC | Reference Benchmark |
| --- | --- | --- | --- | --- | --- |
| Volatility | - | - | Volatility | - | - |
| Sharpe Ratio | - | - | Sharpe Ratio | - | - |
| Tracking Error | - | - | Tracking Error | - | - |
| Information Ratio | - | - | Information Ratio | - | - |

| Characteristics | Fund | Reference Benchmark | Relative | Characteristics | Fund | Reference Benchmark | Relative |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Number of Holdings ex Cash | 683 | 12,221 | - | Modified Duration to Worst | 6.85 | 6.80 | 0.05 |
| Option Adjusted Spread Duration (OASD)3 | 7.09 | 6.86 | 0.22 |
| Average Coupon | 2.69 | 3.01 | -0.33 |
| Option Adjusted Duration (OAD) | 7.03 | 6.92 | 0.11 | Rating Average4 | A-/BBB+ | A-/BBB+ | - |
| Maturity Average | 9.18 | 8.80 | 0.37 |
| Yield to Worst (Gross) | 1.54 | 1.36 | 0.18 |  |
|  | Sector Allocation (Market Value %) | Fund | Reference Benchmark | Relative |
| Credit Quality Rating Allocation (Market Value %) | Fund | Reference Benchmark | Relative |
| Financial Institutions | 43.68 | 37.15 | 6.53 |
| AAA | 1.34 | 1.03 | 0.31 | Communications | 8.48 | 8.47 | 0.01 |
| AA | 5.43 | 8.47 | -3.04 | Consumer Cyclical | 8.40 | 8.01 | 0.39 |
| A | 39.69 | 38.78 | 0.91 | Energy | 7.75 | 6.01 | 1.74 |
| BBB | 50.81 | 51.71 | -0.90 | Consumer Non cyclical | 6.35 | 14.66 | -8.31 |
| BB | 1.50 | - | 1.50 | Utility | 5.65 | 8.49 | -2.84 |
| B | 0.04 | - | 0.04 | Technology | 4.51 | 5.22 | -0.71 |
| NR | 0.00 | - | 0.00 | Transportation | 3.92 | 3.09 | 0.83 |
| Cash | 1.19 | - | 1.19 | Capital Goods | 3.88 | 4.96 | -1.08 |
| Sorted from highest to lowest rating. Cash is not included in any rating. | Agencies | 2.41 | - | 2.41 |
| Other Sectors | 3.78 | 3.94 | -0.17 |
| Maturity Breakdown (Option Adjusted Duration) | Fund | Reference Benchmark | Relative | Cash | 1.19 | - | 1.19 |
| Only top 10 breakdowns are displayed. Other breakdowns are included in Others. |
| 0-2 years | 0.15 | 0.14 | 0.01 |
| 2-5 years | 1.03 | 1.08 | -0.05 | Geographical Allocation (Market Value %) | Fund | Reference Benchmark | Relative |
| 5-10 years | 2.19 | 2.18 | 0.02 |
| 10+ years | 3.65 | 3.53 | 0.13 | United States | 46.33 | 46.28 | 0.05 |
| Total | 7.03 | 6.92 | 0.11 | France | 10.15 | 10.51 | -0.36 |
| Sorted from shortest to longest per the length of maturity. | United Kingdom | 9.34 | 11.27 | -1.94 |
| Germany | 8.58 | 7.58 | 0.99 |
| Currency Allocation (Market Value %) | Fund | Reference Benchmark | Relative | Canada | 5.39 | 1.48 | 3.92 |
| Netherlands | 4.22 | 3.18 | 1.04 |
| USD | 100.34 | 100.00 | 0.34 | Switzerland | 3.82 | 2.20 | 1.62 |
| HKD | 0.00 | - | 0.00 | Italy | 2.77 | 2.05 | 0.71 |
| CHF | 0.00 | - | 0.00 | Spain | 2.26 | 2.84 | -0.58 |
| SGD | 0.00 | - | 0.00 | Ireland | 1.41 | 0.43 | 0.98 |
| GBP | -0.10 | - | -0.10 | Other Locations | 4.55 | 12.18 | -7.63 |
| EUR | -0.24 | - | -0.24 | Cash | 1.19 | - | 1.19 |

Translation (ENDE, 2020-08-31):
# HSBC Global Investment Funds - Global Lower Carbon Bond Anteilsklasse AC	31 Aug. 2020
| 3 Jahr Risikokennzahlen | AC | Benchmark | 5 Jahr Risikokennzahlen | AC | Benchmark |
| --- | --- | --- | --- | --- | --- |
| Volatilität | - | - | Volatilität | - | - |
| Sharpe-Ratio | - | - | Sharpe-Ratio | - | - |
| Tracking Error | - | - | Tracking Error | - | - |
| Information Ratio | - | - | Information Ratio | - | - |

| Kennzahlen | Fonds | Benchmark | Relativ | Kennzahlen | Fonds | Benchmark | Relativ |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Anzahl Anleihen | 683 | 12.221 | - | Modifizierte Duration im ungünstigsten Fall | 6,85 | 6,80 | 0,05 |
| Durchschnittlicher Kupon | 2,69 | 3,01 | -0,33 |
| Optionsbereinigte Duration (OAD) | 7,03 | 6,92 | 0,11 | Optionsbereinigte Spread- Duration (OASD)3 | 7,09 | 6,86 | 0,22 |
| Rendite im ungünstigsten Fall (Brutto) p.a. | 1,54 | 1,36 | 0,18 | Durchschnittliches Rating4 | A-/BBB+ | A-/BBB+ | - |
| Durchschnittliche Laufzeit | 9,18 | 8,80 | 0,37 |

| Bonitätsbewertung – Allokation (Marktwert %) | Fonds | Benchmark | Relativ | Sektor – Allokation (Marktwert %) | Fonds | Benchmark | Relativ |
| --- | --- | --- | --- | --- | --- | --- | --- |
| AAA | 1,34 | 1,03 | 0,31 | Finanzdienstleistungen | 43,68 | 37,15 | 6,53 |
| AA | 5,43 | 8,47 | -3,04 | Kommunikation | 8,48 | 8,47 | 0,01 |
| A | 39,69 | 38,78 | 0,91 | zyklische Konsumgüter | 8,40 | 8,01 | 0,39 |
| BBB | 50,81 | 51,71 | -0,90 | Energie | 7,75 | 6,01 | 1,74 |
| BB | 1,50 | - | 1,50 | nichtzyklische Konsumgüter | 6,35 | 14,66 | -8,31 |
| B | 0,04 | - | 0,04 | Versorger | 5,65 | 8,49 | -2,84 |
| NR | 0,00 | - | 0,00 | Technologie | 4,51 | 5,22 | -0,71 |
| Kasse | 1,19 | - | 1,19 | Transport | 3,92 | 3,09 | 0,83 |
| Sortierung von höchstem zu niedrigstem Rating. Liquide Mittel sind in keinem Rating enthalten. | Investitionsgüter | 3,88 | 4,96 | -1,08 |
| Agenturen | 2,41 | - | 2,41 |
| Restlaufzeiten (Optionsbereinigte Duration) |  |  |  | Andere Sektoren | 3,78 | 3,94 | -0,17 |
| Fonds | Benchmark | Relativ | Kasse | 1,19 | - | 1,19 |
|  |  |  | Nur die größten 10 Positionen werden dargestellt. Alle anderen Positionen sind in "Sonstiges" enthalten. |
| 0-2 Jahre | 0,15 | 0,14 | 0,01 |
| 2-5 Jahre | 1,03 | 1,08 | -0,05 | Geografische Allokation (Marktwert %) | Fonds | Benchmark | Relativ |
| 5-10 Jahre | 2,19 | 2,18 | 0,02 |
| 10+ Jahre | 3,65 | 3,53 | 0,13 | Vereinigte Staaten | 46,33 | 46,28 | 0,05 |
| Gesamtsumme | 7,03 | 6,92 | 0,11 | Frankreich | 10,15 | 10,51 | -0,36 |
| Sortierung von kürzester zu längster Fälligkeit. | Großbritannien | 9,34 | 11,27 | -1,94 |
| Deutschland | 8,58 | 7,58 | 0,99 |
| Währung – Allokation (Marktwert %) | Fonds | Benchmark | Relativ | Kanada | 5,39 | 1,48 | 3,92 |
| Niederlande | 4,22 | 3,18 | 1,04 |
| USD | 100,34 | 100,00 | 0,34 | Schweiz | 3,82 | 2,20 | 1,62 |
| HKD | 0,00 | - | 0,00 | Italien | 2,77 | 2,05 | 0,71 |
| CHF | 0,00 | - | 0,00 | Spanien | 2,26 | 2,84 | -0,58 |
| SGD | 0,00 | - | 0,00 | Irland | 1,41 | 0,43 | 0,98 |
| GBP | -0,10 | - | -0,10 | Sonstige Länder | 4,55 | 12,18 | -7,63 |
| EUR | -0,24 | - | -0,24 | Kasse | 1,19 | - | 1,19 |