Fact sheet: Fidelity Asian Bd

Fund information
Fund name
Fidelity Asian Bond A Acc USD
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Bryan Collinssince 01/01/2017
  • Eric Wongsince 01/10/2013
Fund objective
Aims to provide income and capital growth. At least 70% invested into investment grade bonds of issuers that have their main business activities in Asia. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments may be made in bonds issued in currencies other than the fund’s reference currency. Exposure to currencies may be hedged, for example with currency forward contracts. The reference currency is the currency used for reporting and may be different from the dealing currency. Can invest in bonds issued by governments, companies and other bodies. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is reinvested in additional shares or paid to shareholders on request. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • The BofA Merrill Lynch Asia Dollar Investment Grade Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
2.2%
1 Year rank in sector
21/24
Sector
FO Fixed Int - USD Corporate Bond
Yield
3.2%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.1%
Fund size
£570m (£118m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
78
Top in this sector
Fund name1 Year
Invesco GblInvGrCorpBd9.6%
Franklin Fltng Rte II8.5%
StanLife Inv EM Corp Bd7.3%
Natixis Dur Hgd Gbl Corp Bd6.5%
JPM Flx Crd6.1%
...more in FO Fixed Int - USD Corporate Bond

Performance snapshot

Holdings snapshot

  • Asia Pacific ex Japan62.2%
    Money Market20%
    USA16.2%
    Australasia1%
    Japan0.3%
  • Government Bonds38%
    Money Market20%
    Utilities9.4%
    Basic Industries9.1%
    Banks6.6%
  • Asia Pacific ex Japan Fixed Interest62.2%
    Money Market20%
    US Fixed Interest16.2%
    Asia Pacific Fixed Interest1%
    Japanese Fixed Interest0.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%1.8%-0.8%2.2%15%24.1%
Sector0.9%1.6%0.6%5.3%10.7%19.9%
Rank within sector25 / 3318 / 3225 / 2821 / 244 / 215 / 14
Quartile4th3rd4th4th1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund2.5%3.7%3.1%8.6%-2.5%
Sector2.1%7.5%-1.2%5.4%-1.5%
Rank within sector8 / 3220 / 223 / 223 / 1913 / 16
Quartile1st4th1st1st4th
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.
1.69
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.
0.85
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.
0.33
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%.
3.5
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.
1.94
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.
0.59
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.
0.71
Price movement
52 week high13.55
52 week low12.9
Current bid price-
Current offer price-
Current mid price13.34
Region
1Asia Pacific ex Japan62.2%
2Money Market20.02%
3USA16.24%
4Australasia1.02%
5Japan0.3%
6UK0.22%
Industry sector
1Government Bonds38.04%
2Money Market20.02%
3Utilities9.43%
4Basic Industries9.09%
5Banks6.62%
6Cyclical Consumer Goods5.08%
7Energy4.22%
8Non-Cyclical Consumer Goods2.69%
9Technology2.09%
Asset type
1Asia Pacific ex Japan Fixed Interest62.2%
2Money Market20.02%
3US Fixed Interest16.24%
4Asia Pacific Fixed Interest1.02%
5Japanese Fixed Interest0.3%
6UK Fixed Interest0.22%
Individual holdings
No data available.
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 into investment grade bonds of issuers that have their main business activities in Asia. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments may be made in bonds issued in currencies other than the fund’s reference currency. Exposure to currencies may be hedged, for example with currency forward contracts. The reference currency is the currency used for reporting and may be different from the dealing currency. Can invest in bonds issued by governments, companies and other bodies. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is reinvested in additional shares or paid to shareholders on request. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • The BofA Merrill Lynch Asia Dollar Investment Grade Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Bryan Collins01/01/2017The portfolio manager, Bryan Collins, joined Fidelity's Hong Kong office in 2006. Bryan was the dedicated Asian high yield trader before being promoted to Assistant Portfolio Manager for the FF Asian High Yield Fund in May 2008. Bryan has been an integral part of the Asian High Yield team since the FF Asian High Yield Fund's launch. He also manages the FF-Asian Bond Fund and FF-China RMB Bond Fund. Prior to Fidelity, Bryan was a fixed income trader with Credit Suisse Asset Management and was based in Sydney, Australia. He is a CFA charter holder and has completed a Masters of Commerce and a Bachelor of Arts from the University of New South Wales.
Eric Wong01/10/2013Eric 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, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Hong Kong, Hungary, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Poland, Portugal, Qatar, Singapore, Slovakia, Slovenia, Sweden
Fidelity Asian Bond A Acc USD
Initial charge3.5%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price13.34
CurrencyUSD
Price updated24/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNGO2
Fidelity Asian Bond A Hedged Dis EUR
Initial charge3.5%
Annual charge0.75%
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 price10.32
CurrencyEUR
Price updated24/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFUWF
Fidelity Asian Bond A Hedged MDist(G) AUD
Initial charge3.5%
Annual charge0.75%
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 price10.07
CurrencyAUD
Price updated24/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE7DA
Fidelity Asian Bond A Hedged MInc(G) SGD
Initial charge3.5%
Annual charge0.75%
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 price0.986
CurrencySGD
Price updated24/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE9FC
Fidelity Asian Bond A MInc(G) HKD
Initial charge3.5%
Annual charge0.75%
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 price10.09
CurrencyHKD
Price updated24/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE7DB
Fidelity Asian Bond A MInc(G) USD
Initial charge3.5%
Annual charge0.75%
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 price10.07
CurrencyUSD
Price updated24/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE7DC
Fidelity Asian Bond A Mdis USD
Initial charge3.5%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price11.12
CurrencyUSD
Price updated24/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNGO3
Fidelity Asian Bond I Acc USD
Initial charge-
Annual charge0.4%
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 price10.7
CurrencyUSD
Price updated24/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1PR
Fidelity Asian Bond Y Acc USD
Initial charge-
Annual charge0.4%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.93%
Bid price-
Offer price-
Mid price13.54
CurrencyUSD
Price updated24/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNGO4
Fidelity Asian Bond Y QDis USD
Initial charge-
Annual charge0.4%
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 price10.36
CurrencyUSD
Price updated24/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFX2L
Data provided by

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