$HSBC GIF Ultra Short Duration Bond MDis (LU2334458192.MF)$ ...

$HSBC GIF Ultra Short Duration Bond MDis(LU2334458192.MF)$ i think should buy beginning of the month after XD instead of month end before XD. because if buy beginning of the month, the NAV is low and you will accumulate the profit until it XD and deduct the dividend. the nav will then go lower but at least still higher than the first day you bought.  if buy end of the month where nav is high, the nav will drop after XD which will be lower than your purchase price.