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HSBC Global Funds ICAV – Credit Income Advance Fund

Savour the new flavour of income

Download fund brochure

Important Information : expanded

HSBC Global Funds ICAV – Credit Income Advance Fund

The Fund will invest in a diverse range of global credit assets denominated in a variety of currencies and may take indirect economic exposure to credit assets
Fixed payout classes pay out a pre-determined annualized fixed percentage of their net asset value (NAV) or adjusted NAV at a pre-determined frequency. The pre-determined annualized fixed percentage does not reflect either the actual or expected income or performance of the Fund. Consequently, fixed payout classes are expected to payout capital gains and/or of capital and may do so over a prolonged or indefinite period. Paying-out of capital represents a withdrawal of investor’s initial investment and may result in an immediate reduction of the NAV per unit and a substantial erosion of an investor’s initial investment over the long term. Over the very long term an investor’s initial investment may be nearly or even completely exhausted. A positive payout does not imply a positive return
The Fund may invest in financial derivative instruments for investment purpose which may lead to higher volatility to its net asset value
The Fund’s investments may involve investment, volatility, liquidity, debt securities, non-investment grade and unrated debt securities, sovereign debt, geographic concentration, currency, asset backed securities and mortgage backed securities, Business Development Companies, investing in other collective investment schemes/ funds risks
The Fund may pay dividends out of capital/ payouts or gross of expenses. Dividend/ payout is not guaranteed and may result in capital erosion and reduction in net asset value
Portfolio Currency Hedged Share Classes or RMB denominated class are subject to higher currency and exchange rate risks
Investors should not invest solely based on this page and should read the offering documents for further fund details including risk factors

Why consider Credit Income Advance Fund?

Exposure to alternative credit investments

Diversify with a mix of traditional fixed income and alternative credit investments to capture broadened opportunities

Comprehensive portfolio

At least 50% of the portfolio is built on investment-grade securities, with targeted exposure to non-rated and non-investment grade options

Regular income potential

Share classes available with fixed monthly payouts of 8%¹ (annualised payout rate of NAV, payout maybe paid out of capital refer to Important Information #2)

Source: HSBC Asset Management, November 2025. For illustrative purpose only.
Diversification does not ensure a profit or protect against loss.

1. For fixed payout share classes only. A positive payout does not imply a positive return. The payout rate is not guaranteed. Under normal circumstances, the payout rate is pre-determined and is not subject to the Manager’s ongoing discretion. Should the Manager decide to adjust the payout rate, affected investors will receive at least one month’s prior written notification.

Unlocking income potential with diversified credit investments

Diversified income sources

The Credit Income Advance Fund combines traditional fixed income with alternative credit investments to provide access to a broader range of income opportunities
These alternative credit assets, such as listed private credit and broadly syndicated loans, offer ways to explore new potential in global credit while diversifying your investment portfolio

BDCs: Business Development Companies. The diagram above is for illustrative purposes only and does not reflect the actual portfolio allocation. The actual universe and allocation may differ and are subject to change without prior notice. Diversification does not ensure a profit or protect against loss. There is no guarantee that the allocation outlined above will produce the desired results or achieve any particular level of returns.

Yield opportunities

Despite rate cuts, longer-term interest rates in Western markets are expected to remain elevated due to persistent inflation uncertainty and concerns over government debt sustainability
This environment may create opportunities for higher yields across both traditional and alternative credit markets

Yield opportunities across global credit markets

BDCs: Business Development Companies. Source: HSBC Asset Management, Bloomberg. Data is as of the end of October 2025. Indices used: Global Investment Grade Bonds, Securitised Credit and Global Non-Investment Grade Bonds: ICE BofA indices of the respective asset classes; Leveraged Loans: J.P. Morgan index; BDCs: S&P Down Jones index. Yield to maturity is quoted for all data, except for BDCs, which use the 12-month dividend yield. The level of yield is not guaranteed and may rise or fall in the future. Past performance does not predict future returns. You cannot invest directly in an index. For illustrative purpose only.

Monthly payout with multiple currency share classes

The Credit Income Advance Fund offers fixed payout classes, which aim to offer a fixed monthly payout of 8%² (annualised payout rate of NAV, payout may be paid out of capital refer to Important Information #2 )
It provides a choice of 10 currency share classes to cater various investor needs

2. For fixed payout share classes only. A positive payout does not imply a positive return. The payout rate is not guaranteed. Under normal circumstances, the payout rate is pre-determined and is not subject to the Manager’s ongoing discretion. Should the Manager decide to adjust the payout rate, affected investors will receive at least one month’s prior written notification. The payout amount may vary from month to month based on the portfolio’s performance. The amount for each payout is determined by multiplying 8% with the net asset value on the relevant dealing day, and then dividing it by 12.

Investment involves risks. Past performance is not indicative of future performance. Any forecast, projection or target where provided is indicative only and is not guaranteed in any way. HSBC Asset Management accepts no liability for any failure to meet such forecasts, projections or targets. For illustrative purposes only. The views expressed above were held at the time of preparation and are subject to change without notice.

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Disclaimer

The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested. Past performance is not a reliable indicator of future performance. Any views and opinions expressed are subject to change without notice. Any forecast, projection or target where provided is indicative only and is not guaranteed in any way. We accept no liability for any failure to meet such forecast, projection or target. This page is prepared for general information purposes only and does not have any regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive it. Any views and opinions expressed are subject to change without notice. This document does not constitute an offering document and should not be construed as a recommendation, an offer to sell or the solicitation of an offer to purchase or subscribe to any investment.