HSBC Balanced
(Retail Accumulation [GBP])
Onshore OEIC

Performance

This fund's performance data cannot be shown.

Fund Aims

The fund seeks to obtain capital growth in the longer term together with income. The fund seeks to invest in a diverse portfolio of equities and bonds in the UK and overseas, together with money market instruments. Furthermore, up to 100 per cent in value of the property of the Sub-Fund may be invested in units or shares in other collective investment schemes. The ACD may also invest at its discretion in other transferable securities, deposits and cash and near cash.

Fund Manager

Justin Turner manager for: 11 years 6 months

Justin is an Associate Director of Investment Funds with responsibility for the HSBC Bank`s onshore and offshore range of investment vehicles. He joined HSBC Asset Management in 1994 and prior to this spent four years with the HSBC Bank in a variety of roles. Justin is a Bachelor graduate of Financial Services, a holder of the Investment Management Certificate and is a Chartered Financial Analyst (CFA) Candidate, Level II.

Fund Overview

Price

Bid 286.50p

Offer 286.50p (12/12/2024)

Historic yield

1.30%

Fund size

£313.4m

Number of holdings

Initial charge

4.00%

Annual Management Charge

1.50%

Ongoing Charges

1.63%

Top 10 Holdings
Stock Name	% Weight
HSBC American Index Institutional	9.9%
HSBC Global Funds ICAV - Multi-Factor Inc	7.3%
HSBC FTSE All-Share Index Institutional	6.9%
HSBC US Multi-Factor Equity -	5.3%
HSBC Global Investment Infrastructur Equity Fd Inc	4.6%
ICF Long Gilt Future JUN 2025	4.5%
HSBC European Index Institutional	4.3%
HSBC GIF Global Emerg Markets Local Debt Fund ZQ1	3.8%
HSBC UK Gilt Index Institutional	3.7%
HSBC GIF Global High Yield Bd ZQ Distribution USD	3.4%
Total	53.7%

X-RayEquity Sector Allocation

FTSE/ICB Supersector	% Weight
Managed Funds	40.9%
Non-Classified	10.7%
Technology	7.9%
Bonds	5.6%
Industrial Goods & Services	5.6%
Health Care	4.1%
Real Estate	4.0%
Banks	3.6%
Energy	2.3%
Other	10.6%
Cash and Equivalents	2.8%

Data accurate at: 30/04/2025

Performance figures show total return with no initial charge and net income reinvested, except for Offshore funds which show gross income reinvested. Cumulative performance figures are calculated from the previous working day. Discrete performance figures are calculated from the previous month end.

Data accurate at: 30/04/2025

Asset Allocation

	Managed Funds	86.4%
	Other	7.4%
	UK Equities	7.1%
	Exchange Traded Funds	1.9%
	Cash & Equivalents	1.2%
	International Equities	0.4%
	Hedge Funds	-4.4%

X-Ray Equity Sector Allocation

ICB Industries ICB Supersectors ICB Sectors ICB Subsectors

ICB Industries

Managed Funds		40.9%
Non-Classified		12.7%
Technology		7.9%
Financials		7.2%
Industrials		6.2%
Consumer Discretionary		5.1%
Health Care		4.1%
Real Estate		4.0%
Government		3.6%
Consumer Staples		3.1%
Cash and Equivalents		2.8%
Energy		2.3%
Commodities		1.9%
Basic Materials		1.5%
Utilities		1.4%
Telecommunications		0.9%
Alternative Trading Strategies		-5.7%

ICB Supersectors

Managed Funds		40.9%
Non-Classified		12.7%
Technology		7.9%
Industrial Goods & Services		5.6%
Health Care		4.1%
Real Estate		4.0%
Government		3.6%
Banks		3.6%
Cash and Equivalents		2.8%
Energy		2.3%
Financial Services		2.0%
Commodities		1.9%
Retail		1.8%
Food, Beverage & Tobacco		1.7%
Insurance		1.7%
Consumer Products & Services		1.6%
Personal Care, Drug & Grocery Stores		1.4%
Utilities		1.4%
Basic Resources		1.1%
Telecommunications		0.9%
Travel & Leisure		0.7%
Automobiles & Parts		0.6%
Construction & Materials		0.6%
Chemicals		0.5%
Media		0.4%
Alternative Trading Strategies		-5.7%

ICB Sectors

Managed Funds		40.9%
Non-Classified		12.7%
Software & Computer Services		4.0%
Technology Hardware & Equipment		3.8%
Government		3.6%
Banks		3.6%
Real Estate Investment Trusts		3.5%
Pharmaceuticals & Biotechnology		3.0%
Cash and Equivalents		2.8%
Non-Renewable Energy		2.2%
Commodities		1.9%
Retailers		1.8%
Industrial Support Services		1.7%
Aerospace & Defence		1.6%
Personal Care, Drug & Grocery Stores		1.4%
Investment Banking & Brokerage Services		1.4%
Industrial Metals & Mining		1.0%
Non-life Insurance		1.0%
Electricity		0.9%
General Industrials		0.7%
Medical Equipment & Services		0.7%
Travel & Leisure		0.7%
Life Insurance		0.7%
Tobacco		0.7%
Automobiles & Parts		0.6%
Construction & Materials		0.6%
Telecommunications Service Providers		0.6%
Consumer Services		0.6%
Food Producers		0.5%
Industrial Engineering		0.5%
Industrial Transportation		0.5%
Beverages		0.5%
Real Estate Investment & Services		0.5%
Household Goods & Home Construction		0.5%
Chemicals		0.5%
Gas, Water & Multi-utilities		0.5%
Electronic & Electrical Equipment		0.5%
Media		0.4%
Personal Goods		0.4%
Telecommunications Equipment		0.3%
Equity Investment Instruments		0.3%
Health Care Providers		0.3%
Finance & Credit Services		0.3%
Leisure Goods		0.2%
Precious Metals & Mining		<0.1%
Renewable Energy		<0.1%
Waste & Disposal Services		<0.1%
Industrial Materials		<0.1%
Mortgage Real Estate Investment Trusts		<0.1%
Alternative Trading Strategies		-5.7%

ICB Subsectors

Managed Funds		40.9%
Non-Classified		12.7%
Government		3.6%
Banks		3.6%
Pharmaceuticals		2.8%
Cash and Equivalents		2.8%
Software		2.1%
Semiconductors		2.1%
Commodities		1.9%
Integrated Oil & Gas		1.7%
Consumer Digital Services		1.4%
Diversified Retailers		1.3%
Computer Hardware		1.2%
Defense		1.0%
Conventional Electricity		0.9%
Personal Products		0.7%
Life Insurance		0.7%
Tobacco		0.7%
Industrial REITs		0.7%
Retail REITs		0.6%
Transaction Processing Services		0.6%
Residential REITs		0.6%
General Mining		0.6%
Professional Business Support Services		0.6%
Investment Services		0.6%
Diversified Industrials		0.6%
Telecommunications Services		0.6%
Aerospace		0.6%
Automobiles		0.5%
Medical Equipment		0.5%
Computer Services		0.5%
Food Products		0.5%
Food Retailers & Wholesalers		0.5%
Home Construction		0.5%
Asset Managers & Custodians		0.5%
Health Care REITs		0.4%
Vending & Catering Service		0.4%
Other Specialty REITs		0.4%
Production Technology Equipment		0.4%
Property & Casualty Insurance		0.4%
Industrial Suppliers		0.4%
Full Line Insurance		0.4%
Diversified Financial Services		0.4%
Telecommunications Equipment		0.3%
Equity Investment Instruments		0.3%
Multi-Utilities		0.3%
Diversified REITs		0.3%
Entertainment		0.3%
Oil: Crude Producers		0.3%
Soft Drinks		0.3%
Machinery: Industrial		0.3%
Real Estate Services		0.3%
Financial Data & Systems		0.2%
Real Estate Holding and Development		0.2%
Building Materials: Other		0.2%
Specialty Chemicals		0.2%
Health Care Management Services		0.2%
Airlines		0.2%
Chemicals: Diversified		0.2%
Electrical Components		0.2%
Biotechnology		0.2%
Medical Supplies		0.2%
Travel & Tourism		0.2%
Clothing & Accessories		0.2%
Storage REITs		0.2%
Consumer Services: Misc.		0.2%
Copper		0.2%
Specialty Retailers		0.2%
Distillers & Vintners		0.2%
Home Improvement Retailers		0.2%
Reinsurance		0.2%
Restaurants & Bars		0.1%
Cement		0.1%
Office REITs		0.1%
Electronic Components		0.1%
Containers & Packaging		0.1%
Machinery: Construction & Handling		0.1%
Apparel Retailers		0.1%
Construction		0.1%
Nondurable Household Products		0.1%
Oil Refining and Marketing		0.1%
Electronic Equipment: Gauges & Meters		<0.1%
Drug Retailers		<0.1%
Electronic Equipment: Control & Filter		<0.1%
Hotels & Motels		<0.1%
Railroads		<0.1%
Business Training & Employment Agencies		<0.1%
Iron & Steel		<0.1%
Insurance Brokers		<0.1%
Media Agencies		<0.1%
Brewers		<0.1%
Transportation Services		<0.1%
Commercial Vehicles & Parts		<0.1%
Electronic Entertainment		<0.1%
Health Care Facilities		<0.1%
Gas Distribution		<0.1%
Delivery Services		<0.1%
Pipelines		<0.1%
Water		<0.1%
Building: Climate Control		<0.1%
Auto Parts		<0.1%
Machinery: Tools		<0.1%
Footwear		<0.1%
Commercial Vehicle-Equipment Leasing		<0.1%
Hotel & Lodging REITs		<0.1%
Casinos & Gambling		<0.1%
Renewable Energy Equipment		<0.1%
Gold Mining		<0.1%
Metal Fabricating		<0.1%
Luxury Items		<0.1%
Consumer Electronics		<0.1%
Cosmetics		<0.1%
Railroad Equipment		<0.1%
Publishing		<0.1%
Infrastructure REITs		<0.1%
Electronic Equipment: Other		<0.1%
Marine Transportation		<0.1%
Waste & Disposal Services		<0.1%
Cable Television Services		<0.1%
Radio & TV Broadcasters		<0.1%
Consumer Lending		<0.1%
Fertilizers		<0.1%
Oil Equipment & Services		<0.1%
Paints & Coatings		<0.1%
Engineering & Contracting Services		<0.1%
Machinery: Agricultural		<0.1%
Electronic Equipment: Pollution Control		<0.1%
Health Care Services		<0.1%
Alternative Electricity		<0.1%
Tires		<0.1%
Machinery: Engines		<0.1%
Nonferrous Metals		<0.1%
Paper		<0.1%
Toys		<0.1%
Medical Services		<0.1%
Trucking		<0.1%
Farming, Fishing, Ranching & Plantations		<0.1%
Fruit & Grain Processing		<0.1%
Electronic Office Equipment		<0.1%
Security Services		<0.1%
Recreational Services		<0.1%
Building, Roofing/Wallboard & Plumbing		<0.1%
Offshore Drilling & Other Services		<0.1%
Plastics		<0.1%
Coal		<0.1%
Recreational Products		<0.1%
Aluminum		<0.1%
Household Equipment & Products		<0.1%
Recreational Vehicles & Boats		<0.1%
Diversified Materials		<0.1%
Household Appliance		<0.1%
Timber REITs		<0.1%
Machinery: Specialty		<0.1%
Mortgage Finance		<0.1%
Chemicals & Synthetic Fibers		<0.1%
Platinum & Precious Metals		<0.1%
Rental & Leasing Services: Consumer		<0.1%
Glass		<0.1%
Forestry		<0.1%
Education Services		<0.1%
Photography		<0.1%
Forms & Bulk Printing Services		<0.1%
Auto Services		<0.1%
Household Furnishings		<0.1%
Diamonds & Gemstones		<0.1%
Alternative Fuels		<0.1%
Textile Products		<0.1%
Mortgage REITs: Residential		<0.1%
Sugar		<0.1%
Alternative Trading Strategies		-5.7%

Interactive Sector Breakdown

Drill down to specific information by clicking the folders.

ICB Industry				ICB Subsectors	ICB Sectors	ICB Supersectors	ICB Industries
			Expand all / Collapse all
Technology							7.9%
	Technology					7.9%
		Software & Computer Services			4.0%
			Software	2.1%
			Consumer Digital Services	1.4%
			Computer Services	0.5%
		Technology Hardware & Equipment			3.8%
			Semiconductors	2.1%
			Computer Hardware	1.2%
			Production Technology Equipment	0.4%
			Electronic Components	0.1%
			Electronic Office Equipment	< 0.1%
Financials							7.2%
	Banks					3.6%
		Banks			3.6%
			Banks	3.6%
	Financial Services					2.0%
		Investment Banking & Brokerage Services			1.4%
			Investment Services	0.6%
			Asset Managers & Custodians	0.5%
			Diversified Financial Services	0.4%
		Equity Investment Instruments			0.3%
			Equity Investment Instruments	0.3%
		Finance & Credit Services			0.3%
			Financial Data & Systems	0.2%
			Consumer Lending	< 0.1%
			Mortgage Finance	< 0.1%
		Mortgage Real Estate Investment Trusts			< 0.1%
			Mortgage REITs: Residential	< 0.1%
	Insurance					1.7%
		Non-life Insurance			1.0%
			Property & Casualty Insurance	0.4%
			Full Line Insurance	0.4%
			Reinsurance	0.2%
			Insurance Brokers	0.1%
		Life Insurance			0.7%
			Life Insurance	0.7%
Industrials							6.2%
	Industrial Goods & Services					5.6%
		Industrial Support Services			1.7%
			Transaction Processing Services	0.6%
			Professional Business Support Services	0.6%
			Industrial Suppliers	0.4%
			Business Training & Employment Agencies	0.1%
			Security Services	< 0.1%
			Forms & Bulk Printing Services	< 0.1%
		Aerospace & Defence			1.6%
			Defense	1.0%
			Aerospace	0.6%
		General Industrials			0.7%
			Diversified Industrials	0.6%
			Containers & Packaging	0.1%
			Paints & Coatings	< 0.1%
			Plastics	< 0.1%
			Glass	< 0.1%
		Industrial Engineering			0.5%
			Machinery: Industrial	0.3%
			Machinery: Construction & Handling	0.1%
			Machinery: Tools	0.1%
			Machinery: Agricultural	< 0.1%
			Machinery: Engines	< 0.1%
			Machinery: Specialty	< 0.1%
		Industrial Transportation			0.5%
			Railroads	0.1%
			Transportation Services	0.1%
			Commercial Vehicles & Parts	0.1%
			Delivery Services	0.1%
			Commercial Vehicle-Equipment Leasing	0.1%
			Railroad Equipment	0.1%
			Marine Transportation	< 0.1%
			Trucking	< 0.1%
		Electronic & Electrical Equipment			0.5%
			Electrical Components	0.2%
			Electronic Equipment: Gauges & Meters	0.1%
			Electronic Equipment: Control & Filter	0.1%
			Electronic Equipment: Other	< 0.1%
			Electronic Equipment: Pollution Control	< 0.1%
	Construction & Materials					0.6%
		Construction & Materials			0.6%
			Building Materials: Other	0.2%
			Cement	0.1%
			Construction	0.1%
			Building: Climate Control	0.1%
			Engineering & Contracting Services	< 0.1%
			Building, Roofing/Wallboard & Plumbing	< 0.1%
Consumer Discretionary							5.1%
	Retail					1.8%
		Retailers			1.8%
			Diversified Retailers	1.3%
			Specialty Retailers	0.2%
			Home Improvement Retailers	0.2%
			Apparel Retailers	0.1%
	Consumer Products & Services					1.6%
		Consumer Services			0.6%
			Vending & Catering Service	0.4%
			Consumer Services: Misc.	0.2%
			Rental & Leasing Services: Consumer	< 0.1%
			Education Services	< 0.1%
		Household Goods & Home Construction			0.5%
			Home Construction	0.5%
			Household Equipment & Products	< 0.1%
			Household Appliance	< 0.1%
			Household Furnishings	< 0.1%
		Personal Goods			0.4%
			Clothing & Accessories	0.2%
			Footwear	0.1%
			Luxury Items	0.1%
			Cosmetics	0.1%
		Leisure Goods			0.2%
			Electronic Entertainment	0.1%
			Consumer Electronics	0.1%
			Toys	< 0.1%
			Recreational Products	< 0.1%
			Recreational Vehicles & Boats	< 0.1%
			Photography	< 0.1%
	Travel & Leisure					0.7%
		Travel & Leisure			0.7%
			Airlines	0.2%
			Travel & Tourism	0.2%
			Restaurants & Bars	0.1%
			Hotels & Motels	0.1%
			Casinos & Gambling	0.1%
			Recreational Services	< 0.1%
	Automobiles & Parts					0.6%
		Automobiles & Parts			0.6%
			Automobiles	0.5%
			Auto Parts	0.1%
			Tires	< 0.1%
			Auto Services	< 0.1%
	Media					0.4%
		Media			0.4%
			Entertainment	0.3%
			Media Agencies	0.1%
			Publishing	0.1%
			Radio & TV Broadcasters	< 0.1%
Health Care							4.1%
	Health Care					4.1%
		Pharmaceuticals & Biotechnology			3.0%
			Pharmaceuticals	2.8%
			Biotechnology	0.2%
		Medical Equipment & Services			0.7%
			Medical Equipment	0.5%
			Medical Supplies	0.2%
			Medical Services	< 0.1%
		Health Care Providers			0.3%
			Health Care Management Services	0.2%
			Health Care Facilities	0.1%
			Health Care Services	< 0.1%
Real Estate							4.0%
	Real Estate					4.0%
		Real Estate Investment Trusts			3.5%
			Industrial REITs	0.7%
			Retail REITs	0.6%
			Residential REITs	0.6%
			Health Care REITs	0.4%
			Other Specialty REITs	0.4%
			Diversified REITs	0.3%
			Storage REITs	0.2%
			Office REITs	0.1%
			Hotel & Lodging REITs	0.1%
			Infrastructure REITs	< 0.1%
			Timber REITs	< 0.1%
		Real Estate Investment & Services			0.5%
			Real Estate Services	0.3%
			Real Estate Holding and Development	0.2%
Government							3.6%
	Government					3.6%
		Government			3.6%
			Government	3.6%
Consumer Staples							3.1%
	Food, Beverage & Tobacco					1.7%
		Tobacco			0.7%
			Tobacco	0.7%
		Food Producers			0.5%
			Food Products	0.5%
			Farming, Fishing, Ranching & Plantations	< 0.1%
			Fruit & Grain Processing	< 0.1%
			Sugar	< 0.1%
		Beverages			0.5%
			Soft Drinks	0.3%
			Distillers & Vintners	0.2%
			Brewers	0.1%
	Personal Care, Drug & Grocery Stores					1.4%
		Personal Care, Drug & Grocery Stores			1.4%
			Personal Products	0.7%
			Food Retailers & Wholesalers	0.5%
			Nondurable Household Products	0.1%
			Drug Retailers	0.1%
Energy							2.3%
	Energy					2.3%
		Non-Renewable Energy			2.2%
			Integrated Oil & Gas	1.7%
			Oil: Crude Producers	0.3%
			Oil Refining and Marketing	0.1%
			Pipelines	0.1%
			Oil Equipment & Services	< 0.1%
			Offshore Drilling & Other Services	< 0.1%
			Coal	< 0.1%
		Renewable Energy			0.1%
			Renewable Energy Equipment	0.1%
			Alternative Fuels	< 0.1%
Commodities							1.9%
	Commodities					1.9%
		Commodities			1.9%
			Commodities	1.9%
Basic Materials							1.5%
	Basic Resources					1.1%
		Industrial Metals & Mining			1.0%
			General Mining	0.6%
			Copper	0.2%
			Iron & Steel	0.1%
			Metal Fabricating	0.1%
			Nonferrous Metals	< 0.1%
			Aluminum	< 0.1%
		Precious Metals & Mining			0.1%
			Gold Mining	0.1%
			Platinum & Precious Metals	< 0.1%
			Diamonds & Gemstones	< 0.1%
		Industrial Materials			< 0.1%
			Paper	< 0.1%
			Diversified Materials	< 0.1%
			Forestry	< 0.1%
			Textile Products	< 0.1%
	Chemicals					0.5%
		Chemicals			0.5%
			Specialty Chemicals	0.2%
			Chemicals: Diversified	0.2%
			Fertilizers	< 0.1%
			Chemicals & Synthetic Fibers	< 0.1%
Utilities							1.4%
	Utilities					1.4%
		Electricity			0.9%
			Conventional Electricity	0.9%
			Alternative Electricity	< 0.1%
		Gas, Water & Multi-utilities			0.5%
			Multi-Utilities	0.3%
			Gas Distribution	0.1%
			Water	0.1%
		Waste & Disposal Services			< 0.1%
			Waste & Disposal Services	< 0.1%
Telecommunications							0.9%
	Telecommunications					0.9%
		Telecommunications Service Providers			0.6%
			Telecommunications Services	0.6%
			Cable Television Services	< 0.1%
		Telecommunications Equipment			0.3%
			Telecommunications Equipment	0.3%
Alternative Trading Strategies							-5.7%
	Alternative Trading Strategies					-5.7%
		Alternative Trading Strategies			-5.7%
			Alternative Trading Strategies	-5.7%
Managed Funds							40.9%
Non-Classified							12.7%
Cash and Equivalents							2.8%

X-Ray Regional Allocation

	Managed Funds	40.9%
	North America	18.5%
	UK	17.7%
	Developed Europe - Excl UK	8.4%
	Non-Classified	3.4%
	Emerging Asia	3.2%
	Cash and Equivalents	2.8%
	Property	2.7%
	Japan	1.3%
	Australia & New Zealand	0.4%
	Middle East & Africa	0.2%
	Developed Asia	0.2%
	South & Central America	0.1%
	Emerging Europe	0.1%

Show/Hide Full Country Weights

Interactive Region Breakdown

Drill down to specific information by clicking the folders.

Expand all / Collapse all		Country	Region
Managed Funds			40.9%
North America			18.5%
	United States	18.5%
	Canada	< 0.1%
UK			17.7%
	United Kingdom	17.7%
	Jersey	< 0.1%
Developed Europe - Excl UK			8.4%
	Ireland	2.5%
	Germany	1.9%
	France	1.1%
	Switzerland	0.9%
	Netherlands	0.6%
	Spain	0.3%
	Sweden	0.3%
	Italy	0.3%
	Denmark	0.2%
	Luxembourg	0.1%
	Finland	0.1%
	Norway	0.1%
	Belgium	0.1%
	Austria	< 0.1%
	Portugal	< 0.1%
	Iceland	< 0.1%
Non-Classified			3.4%
Emerging Asia			3.2%
	China	1.7%
	Taiwan	0.6%
	India	0.4%
	South Korea	0.3%
	Malaysia	0.1%
	Thailand	0.1%
	Indonesia	< 0.1%
	Philippines	< 0.1%
	Viet Nam	< 0.1%
	Bangladesh	< 0.1%
Cash and Equivalents			2.8%
Property			2.7%
Japan			1.3%
	Japan	1.3%
Australia & New Zealand			0.4%
	Australia	0.4%
	New Zealand	< 0.1%
	New Caledonia	< 0.1%
Middle East & Africa			0.2%
	Saudi Arabia	0.1%
	South Africa	0.1%
	United Arab Emirates	< 0.1%
	Qatar	< 0.1%
	Kuwait	< 0.1%
	Israel	< 0.1%
	Egypt	< 0.1%
Developed Asia			0.2%
	Hong Kong	0.1%
	Singapore	0.1%
South & Central America			0.1%
	Brazil	0.1%
	Mexico	< 0.1%
	Chile	< 0.1%
	Colombia	< 0.1%
	Cayman Islands	< 0.1%
Emerging Europe			0.1%
	Poland	< 0.1%
	Greece	< 0.1%
	Turkey	< 0.1%
	Hungary	< 0.1%
	Czech Republic	< 0.1%
	Romania	< 0.1%
	Russian Federation	< 0.1%

Breakdown By Market Cap (%)

Top 10 Holdings
	Stock name	% Weight	Country	Sector
1	HSBC American Index Institutional	9.9 %	Managed Funds	North America
2	HSBC Global Funds ICAV - Multi-Factor Inc	7.3 %	Managed Funds	Global Equity (offshore)
3	HSBC FTSE All-Share Index Institutional	6.9 %	Managed Funds	UK All Companies
4	HSBC US Multi-Factor Equity -	5.3 %	Managed Funds	North America
5	HSBC Global Investment Infrastructur Equity Fd Inc	4.6 %	Managed Funds	[N/A]
6	ICF Long Gilt Future JUN 2025	4.5 %	Non-Classified	Non-Classified
7	HSBC European Index Institutional	4.3 %	Managed Funds	Europe Excluding UK
8	HSBC GIF Global Emerg Markets Local Debt Fund ZQ1	3.8 %	Managed Funds	Global Fixed Interest (offshore)
9	HSBC UK Gilt Index Institutional	3.7 %	Managed Funds	UK Gilts
10	HSBC GIF Global High Yield Bd ZQ Distribution USD	3.4 %	Managed Funds	Global Fixed Interest (offshore)

X-Ray FL Dual Aspect Analysis
	UK Equities	Int'l Equities	UK Bonds	Int'l Bonds	UK Gilts	Managed Funds	Property	Other	Cash & Equiv	Total
Technology	0.5%	7.3%						0.1%		7.9%
Telecommunications	0.1%	0.9%		0.0%						1.0%
Financials	3.0%	3.9%		0.0%			0.0%	0.3%		7.3%
Real Estate	0.3%	0.7%					3.0%	0.0%		4.0%
Consumer Discretionary	1.3%	3.9%		0.0%				0.0%		5.2%
Consumer Staples	1.8%	1.3%		0.0%				0.0%		3.1%
Energy	1.4%	0.9%						0.0%		2.3%
Utilities	0.6%	0.8%						0.0%		1.4%
Health Care	1.5%	2.6%						0.0%		4.1%
Industrials	2.1%	4.1%						0.0%		6.2%
Basic Materials	0.7%	0.8%						0.0%		1.5%
Cash and Equivalents									2.8%	2.8%
Managed Funds						40.9%				40.9%
Bonds			0.9%	1.1%	3.6%					5.6%
Non-Classified	0.0%	2.2%					0.0%	4.6%	0.0%	6.8%
Total	13.2%	29.4%	0.9%	1.1%	3.6%	40.9%	3.0%	5.0%	2.8%	100.0%

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.

Identification Codes

Sedol Code

0019028

Mex Code

MDBALA

ISIN code

GB0000190289

Distribution Details

Income Frequency

N/A

Distribution Payment Basis

Net

Charges

Discounted initial charge

0.000%

Net discounted AMC

0.750%

Initial charge

4.00%

Annual Management Charge

1.50%

Exit charge

None

Performance fees

None

Ongoing Charges

1.63%

Ratings

Aims & Benchmark

Benchmark

Investment Association Mixed Investment 40-85% Shares sector

IA sector

Mixed Investment 40-85% Shares

Aims

Fund Administration

Fund Trustee/Depository

State Street Trustees Limited

Fund Administrator

HSBC Global Asset Management (UK) Limited

Fund Registrar

State Street Trustees Limited

Fund Custodian

HSBC Global Asset Management (UK) Limited

Fund Background

Valuation point

Daily 12:00

Fund type

OEIC

Launch date

14/09/1992

Launch price

£0.50

Fund currency

Pound Sterling

Fund domicile

United Kingdom

Group Details

Group name

HSBC Asset Management (Fund Services UK)

Group address

1st Floor
78 St James's Street
London
SW1A 1EJ

Group telephone

0800 181 890

Dealing telephone

0845 7456126

adviser.services@hsbc.com

Homepage

www.assetmanagement.hsbc.com/uk

Fax number

020 7024 1989

Dealing

EMX

Yes

ISA Eligible

Yes

Minimum investment

£1000

Settlement period: buy

3 days

Settlement period: sell

3 days

Pricing basis

Forward

Data accurate at: 30/04/2025

Risk Analysis

Ratio

Value

Alpha

0.8919

Beta

0.9399

Sharpe

0.5677

Volatility

7.1115

Info Ratio

0.4281

Concentration Coefficient*

*A measure of portfolio concentration, e.g. where the fund coefficient is 25, this means the portfolio concentration is equivalent to holding 25 equally weighted stocks.

Risk Factors

Risk Factor

Yes/No

Charges to Capital

Emerging Markets

Yes

Concentrated Portfolio

Smaller Companies

High Yield Bonds

Yes

Sector Specific

Geared Investments

Value of Investments

Yes

Investments Long Term

Yes

Property

Exchange Rate

Yes

Higher Risk

Performance Charges

Derivative Exposure

Fund Specific Risks
Emerging Markets - The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk. High Yield Bonds - The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary. Value Of Investments - The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed. Investments Long Term - Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve. Exchange Rate - This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.

Fund Specific Risks

Emerging Markets - The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
High Yield Bonds - The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.
Value Of Investments - The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term - Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate - This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.

HSBC Balanced (Retail Accumulation [GBP]) Onshore OEIC

Performance

Fund Aims

Fund Manager

Fund Overview

Top 10 Holdings

X-RayEquity Sector Allocation

Asset Allocation

X-Ray Equity Sector Allocation

ICB Industries

ICB Supersectors

ICB Sectors

ICB Subsectors

Interactive Sector Breakdown

X-Ray Regional Allocation

Interactive Region Breakdown

Breakdown By Market Cap (%)

Top 10 Holdings

X-Ray FL Dual Aspect Analysis

Identification Codes

Distribution Details

Charges

Ratings

Aims & Benchmark

Fund Administration

Fund Background

Group Details

Dealing

Performance

Risk Analysis

Concentration Coefficient*

Risk Factors

HSBC Balanced
(Retail Accumulation [GBP])
Onshore OEIC