Fact sheet: FF EmMaToReDe

Fund information
Fund name
FF Emerging Market Total Return Debt A Acc USD
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Steve Ellissince 28/09/2015
  • Eric Wongsince 28/09/2015
Fund objective
Aims to provide income and capital growth. At least 70% invested directly or indirectly in global emerging-markets bonds including those denominated in local and globally traded major currencies (“hard currencies”) and nominal and inflation linked debt instruments. Emerging markets include Latin America, South East Asia, Africa, Eastern Europe (including Russia) and the Middle East, but investments can also be made in other regions. The fund may achieve exposure to such investments or elements of their return through the use of financial derivative instruments. May invest in shares or units of other investment funds. Has the freedom to invest in other types of securities, including local market debt instruments, fixed income, equity securities and corporate bonds of emerging market issuers, and lower quality debt securities. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
11.2%
1 Year rank in sector
148/219
Sector
FO Fixed Int - Emerging Markets
Yield
4%
Fund size
£239m (£217m last year)
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$63.2%
Pictet Lat Am Lcl Cur Dt44.5%
Schroder ISF EmgMktBd40%
Old Mutual Em Mt Dt39.1%
Ashmore EMHghYldCrDb36.9%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Latin America39.4%
    Europe22.3%
    Asia Pacific ex Japan13.2%
    USA13.1%
    Others9.3%
  • Government Bills42.8%
    Government Bonds27.7%
    Money Market7.1%
    Banks3.6%
    Cyclical Consumer Goods3.3%
  • American Emerging Fixed Interest39.4%
    European Fixed Interest22.3%
    Asia Pacific ex Japan Fixed Interest13.2%
    US Fixed Interest13.1%
    Global Fixed Interest10.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.6%-3.1%-1.7%11.2%--
Sector1.9%-1.8%-0.4%13.4%2.6%8.2%
Rank within sector146 / 227166 / 226155 / 222148 / 219--
Quartile3rd3rd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund0.4%9.6%---
Sector0.9%10.2%-7.3%-0.6%-7%
Rank within sector191 / 227101 / 219---
Quartile4th2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high11.46
52 week low9.8
Current bid price-
Current offer price-
Current mid price11
Region
1Latin America39.41%
2Europe22.25%
3Asia Pacific ex Japan13.17%
4USA13.05%
5Others9.26%
6Middle East/ Africa1.32%
7Not Specified0.92%
8UK0.36%
9Japan0.24%
Industry sector
1Government Bills42.84%
2Government Bonds27.72%
3Money Market7.1%
4Banks3.64%
5Cyclical Consumer Goods3.32%
6Basic Industries2.62%
7Energy2.27%
8Utilities1.78%
9Non-Cyclical Consumer Goods1.57%
Asset type
1American Emerging Fixed Interest39.41%
2European Fixed Interest22.25%
3Asia Pacific ex Japan Fixed Interest13.17%
4US Fixed Interest13.05%
5Global Fixed Interest10.18%
6Middle East & African Fixed Interest1.32%
7UK Fixed Interest0.36%
8Japanese Fixed Interest0.24%
9German Fixed Interest0.02%
Individual holdings
1FIDELITY INSTITUTIONAL LIQUIDITY USD A ACC6.56%
2BRAZIL(FEDERATIVE REPUBLIC OF) 6% T-BILL 15/08/2024 BRL10004.84%
3COLOMBIA(REPUBLIC OF) 10% BDS 24/07/24 COP1000004.78%
4INDONESIA(REPUBLIC OF) 5.625% BDS 15/05/23 IDR10000003.14%
5TURKEY(REPUBLIC OF) 6.25% BDS 26/09/22 USD10003.02%
6MEXICO(UNITED MEXICAN STATES) 2.5% TB 10/12/20 MXV1002.91%
7BANCO CENTRAL DE LA REP ARGENTINA 0% COMM PAPER 18/01/17 ARS12.82%
8SOUTH AFRICA(REPUBLIC OF) 8% BDS 31/01/30 ZAR12.81%
9RUSSIAN FEDERATION MINISTRY FINANCE 2.5% BDS 16/08/23 RUB10002.78%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
Aims to provide income and capital growth. At least 70% invested directly or indirectly in global emerging-markets bonds including those denominated in local and globally traded major currencies (“hard currencies”) and nominal and inflation linked debt instruments. Emerging markets include Latin America, South East Asia, Africa, Eastern Europe (including Russia) and the Middle East, but investments can also be made in other regions. The fund may achieve exposure to such investments or elements of their return through the use of financial derivative instruments. May invest in shares or units of other investment funds. Has the freedom to invest in other types of securities, including local market debt instruments, fixed income, equity securities and corporate bonds of emerging market issuers, and lower quality debt securities. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Steve Ellis28/09/2015Steve is a portfolio manager, based in London. He joined the firm in 2011 and is a partner in the business. Steve specialises in portfolio construction and derivative pricing. From 1996 to 1998 Steve worked for the Reserve Bank of Australia (RBA) as a Senior Bank Analyst and studied the sale programme and leasing of RBA's gold reserves. He has closely studied the global gold-leasing market ever since. He holds a degree in Banking and Finance from Curtin University, Perth and he obtained a Masters in Applied Finance in Sydney before moving to London in 2001. Steve has worked in derivatives markets at international banks in both Sydney and London for over 10 years before launching and managing his own successful multi-strategy gold hedge fund at RAB Capital from 2006 to 2010.
Eric Wong28/09/2015Eric Wong, based in Hong Kong, is the portfolio manager of Fidelity Funds - Asian Bond Fund. He also co-manages a number of emerging market debt funds including the Fidelity Funds - Emerging Market Debt Fund, the Fidelity Funds' Emerging Market Corporate Debt Fund and the Fidelity Funds - Emerging Market Local Currency Fund. He has over 10 years of investment experience, joining Fidelity Worldwide Investment in 2012.
Compliance
Transparent for Austrian Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Poland, Sweden
FF Emerging Market Total Return Debt A (USD hedged) Acc EUR
Initial charge3.5%
Annual charge1.2%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.8424
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFX0P
FF Emerging Market Total Return Debt A Acc USD
Initial charge3.5%
Annual charge1.2%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.0015
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFX0Q
FF Emerging Market Total Return Debt A EUR
Initial charge3.5%
Annual charge1.2%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.4742
CurrencyEUR
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFX0R
FF Emerging Market Total Return Debt E (USD hedged) Mdist EUR
Initial charge-
Annual charge1.2%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.335
CurrencyEUR
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFX0S
FF Emerging Market Total Return Debt I (USD hedged) EUR
Initial charge-
Annual charge0.65%
Min single investment£500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.6562
CurrencyEUR
Price updated16/01/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFX0T
FF Emerging Market Total Return Debt I (USD hedged) QInc(G) GBP
Initial charge-
Annual charge0.65%
Min single investment£10,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.0704
CurrencyGBP
Price updated16/01/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE3VT
FF Emerging Market Total Return Debt I USD
Initial charge-
Annual charge0.65%
Min single investment£10,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.8916
CurrencyUSD
Price updated16/01/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFX0U
FF Emerging Market Total Return Debt Y (EUR/USD hedged) EUR
Initial charge-
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.0747
CurrencyEUR
Price updated16/01/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE9CO
FF Emerging Market Total Return Debt Y Acc EUR
Initial charge-
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.7919
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFX0V
FF Emerging Market Total Return Debt Y Acc USD
Initial charge-
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.0865
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFX0W
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