Morningstar® Fund Report™|29/09/2025 |
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Performance History | 31/08/2025 |
Growth of 1,000(USD) | |
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• | Fund | -0.97 | -11.17 | 5.76 | 2.98 | 2.52 |
• | +/-Cat | 0.47 | -0.56 | -0.80 | -0.08 | -1.24 |
• | +/-Idx | 0.72 | 1.33 | -0.98 | -0.18 | -0.63 |
Category: Global Diversified Bond - USD Hedged | ||||||
Index: Morningstar Global Core Bond GR Hedged USD | ||||||
Trailing Returns | 25/09/2025 | |||||
Fund | +/-Idx | |||||
YTD | 3.03 | -0.81 | ||||
3 Years | 11.58 | -1.40 | ||||
5 Years | 0.32 | 1.17 | ||||
10 Years | 20.72 | -2.12 | ||||
12 Month Yield | - | |||||
Dividend Paying Frequency | Monthly | |||||
Key Stats | ||
Morningstar Category
Global Diversified Bond - USD Hedged
Morningstar Rating™

ISIN
HK0000244407
NAV 25/09/2025
USD 8.0600
Day Change
-0.25%
Total Net Assets (mil)
29/08/2025
USD 4568.20
USD 4568.20
Front Load Fee
3.00%
Deferred Load Fee
-
Manager Name
Jason Pang
Arjun Vij
Inception Date
13/05/2015
Benchmark | ||||
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Investment strategy |
The investment policy of the Fund aims to achieve a return in excess of global bond markets by investing primarily in global investment grade debt securities. |
Portfolio Profile | 31/08/2025 |
Morningstar Style Box®_Morningstar: | |||||
Fixed Income Style | |||||
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Asset Allocation % | |||
% Long | % Short | % Net Assets | |
Stocks | 0.00 | 0.00 | 0.00 |
Bonds | 98.60 | 0.13 | 98.47 |
Cash | 3.77 | 2.78 | 0.99 |
Other | 0.53 | 0.00 | 0.53 |
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Annual Returns | 31/08/2025 | |||||||
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
Total Return | 0.25 | 8.65 | 5.82 | -0.97 | -11.17 | 5.76 | 2.98 | 2.52 |
+/- Category | -0.20 | 1.13 | 0.54 | 0.47 | -0.56 | -0.80 | -0.08 | -1.24 |
+/- Index | -1.62 | 0.58 | 0.03 | 0.72 | 1.33 | -0.98 | -0.18 | -0.63 |
% Rank (Rel to Cat) | 59 | 27 | 45 | 29 | 46 | 70 | 56 | 61 |
Trailing Returns | 25/09/2025 | |||
Total Return | +/- Category | +/- Index | ||
1 Day | -0.25 | -0.26 | -0.17 | |
1 Week | -0.37 | -0.20 | -0.27 | |
1 Month | 0.67 | 0.08 | -0.30 | |
3 Months | 1.40 | 0.13 | -0.25 | |
6 Months | 2.94 | -0.44 | -0.02 | |
YTD | 3.03 | -1.21 | -0.81 | |
1 Year | 1.88 | -1.68 | -0.76 | |
3 Years | 11.58 | -5.18 | -1.40 | |
5 Years | 0.32 | -2.87 | 1.17 | |
10 Years | 20.72 | -2.38 | -2.12 | |
Category:Global Diversified Bond - USD Hedged | ||||
Index:Morningstar Global Core Bond GR Hedged USD |
Quarterly Returns | 31/08/2025 | |||
Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
2025 | 0.51 | 1.39 | - | - |
2024 | 0.08 | -0.33 | 4.20 | -0.93 |
2023 | 2.28 | -0.33 | -2.03 | 5.90 |
2022 | -3.96 | -5.12 | -2.83 | 0.32 |
Dividend | 25/09/2025 |
12 Month Yield | - |
2025 | 0.35 |
2024 | 0.50 |
2023 | 0.40 |
2022 | 0.31 |
Morningstar Rating™ | 31/08/2025 |
3-Year |
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5-Year |
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10-Year |
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Overall |
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Volatility Measurements | 31/08/2025 | |||||||||||||||||||||||||
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Fixed Income Style | 31/08/2025 | ||||||||||||||||||||||||||||||||
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Category: Global Diversified Bond - USD Hedged |
AssetAllocation | 31/08/2025 |
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Top 10 Holdings | 31/08/2025 |
Portfolio | |
Total Number of Equity Holdings | 0 |
Total Number of Bond Holdings | 354 |
Assets in Top 10 Holdings % | 39.65 |
Product Name | Sector | Country/Region | % of Assets | ||
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United Kingdom | 6.05 | ||
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Italy | 4.20 | ||
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France | 3.35 | ||
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Italy | 3.14 | ||
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China | 2.81 | ||
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United States | 2.79 | ||
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United States | 2.30 | ||
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United States | 2.30 | ||
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Spain | 1.88 | ||
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China | 1.74 | ||
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Category: Global Diversified Bond - USD Hedged | |||||
For the market value of financial derivatives, Morningstar's calculation method includes the nominal value of derivative agreements to reflect position-holding (position) for your reference. If the position-holding ranking calculated by Morningstar shall be different from that published by the fund company, the ranking in the monthly report (click here) by the fund company shall prevail. |
Management Team | |||||||||||||||||||||||||||||
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Biography | |||||||||||||||||||||||||||||
Jason Pang, executive director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Hong Kong, Jason is a portfolio manager for the Asian Fixed Income team and is responsible for local rates and FX. Prior to joining the firm in 2016, he was a portfolio manager with similar focus at AXA IM and HSBC Global Asset Management. From 2006 to 2013, Jason worked for UBS in Hong Kong and occupied a number of roles within the wholesale distribution team before becoming a portfolio manager in 2010. Jason holds a B.S. double major in actuarial science and economics from the University of Toronto and is a holder of the CAIA and FRM designations. | |||||||||||||||||||||||||||||
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Biography | |||||||||||||||||||||||||||||
Arjun Vij, CFA, vice president, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Hong Kong, he is a portfolio manager on the Global Aggregate Strategies team and manages the J.P. Morgan Bond Fund. He is also responsible for managing multi-sector bond portfolios for Asian institutional clients, and customized credit portfolios for private clients. Previously, while based in London, he structured liability-aware portfolios for European insurance companies, and while based in Columbus, Ohio, he assisted in managing customized credit portfolios for US-based pension plans. Arjun obtained a B.A. in economics from the University of Chicago, is a CFA charterholder and holds the Investment Management Certificate from the UK society of Investment Professionals. |
Fees and Expenses | ||||||||||||
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