Fact sheet: Fidelity Asian Bd

Fund information
Fund name
Fidelity Asian Bond A Mdis USD
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Eric Wongsince 30/09/2013
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
  • BofAML Asian Dollar Investment Grade TR USD
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.5%
1 Year rank in sector
17/48
Sector
FO Fixed Int - USD Investment Grade
Yield
3.6%
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.
1.22%
Fund size
£752m (£79m 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
Blackrock Gbl Infltn Lkd Bd $8%
Invesco GblInvGrCorpBd6.5%
Vanguard USIvGdCId5.7%
Nikko AM Asia Credit5.2%
Pimco GIS GblInvGrCr5.2%
...more in FO Fixed Int - USD Investment Grade

Performance snapshot

Holdings snapshot

  • Asia Pacific ex Japan86.4%
    USA5.1%
    Australasia4.4%
    Money Market2.8%
    Japan1.1%
  • Government Bonds41.9%
    Banks16.7%
    Utilities6.9%
    Basic Industries6.4%
    Capital Goods5%
  • Asia Pacific ex Japan Fixed Interest86.4%
    US Fixed Interest5.1%
    Asia Pacific Fixed Interest4.4%
    Money Market2.8%
    Japanese Fixed Interest1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.1%-4%-1.2%3.5%16%26.2%
Sector-2.2%-3%-0.7%2.9%9%19.5%
Rank within sector48 / 5441 / 5228 / 5217 / 485 / 455 / 40
Quartile4th4th3rd2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund3.6%3.1%8.6%-2.5%11%
Sector3.4%-0.7%6%-1.1%10.1%
Rank within sector17 / 484 / 475 / 4525 / 445 / 40
Quartile2nd1st1st3rd1st
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.
1.97
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.
1.04
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.
0.42
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%.
3.53
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.
1.65
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.
1.25
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.
0.78
Price movement
52 week high11.55
52 week low10.84
Current bid price-
Current offer price-
Current mid price10.96
Region
1Asia Pacific ex Japan86.36%
2USA5.07%
3Australasia4.42%
4Money Market2.76%
5Japan1.07%
6UK0.26%
7Not Specified0.05%
8Others0.01%
Industry sector
1Government Bonds41.85%
2Banks16.72%
3Utilities6.92%
4Basic Industries6.36%
5Capital Goods5%
6Energy4.91%
7Cyclical Consumer Goods3.67%
8Non-Cyclical Consumer Goods3.45%
9Money Market2.76%
Asset type
1Asia Pacific ex Japan Fixed Interest86.36%
2US Fixed Interest5.07%
3Asia Pacific Fixed Interest4.42%
4Money Market2.76%
5Japanese Fixed Interest1.07%
6UK Fixed Interest0.26%
7Global Fixed Interest0.06%
Individual holdings
1INDONESIA(REPUBLIC OF) 11.625% SRN 04/03/19 USD1000`REG S`11.91%
2POWER SECTOR ASSET&LIABILITIES MGMT 7.25% GTD NTS 27/05/19 USD1000`REG S`6.45%
3DBS GROUP HLDGS LTD FRN 31/12/49 USD2000004.33%
4PHILIPPINES(REPUBLIC OF) 8.375% BDS 17/06/19 USD10003.36%
5CHINA NATIONAL BLUESTAR GRP CO LTD 3.5% BDS 30/09/21 USD2000003.02%
6LI & FUNG 5.25% BDS 29/12/49 USD2000002.72%
7PHILIPPINES(REPUBLIC OF) 9.875% BDS 15/1/2019 USD10002.6%
8GLOBAL CHEMICAL PCL PTT 4.25% BDS 19/09/22 USD200000 REG S2.21%
9SIRIUS INTERNATIONAL GRP LTD 4.6% BDS 01/11/26 USD2000 REG S1.94%
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
  • BofAML Asian Dollar Investment Grade TR USD
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Eric Wong30/09/2013Eric 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, 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 charge5.25%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price12.99
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNGO2
Fidelity Asian Bond A Hedged Dis EUR
Initial charge5.25%
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 price10.13
CurrencyEUR
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFUWF
Fidelity Asian Bond A Hedged MDist(G) AUD
Initial charge5.25%
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 price9.937
CurrencyAUD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE7DA
Fidelity Asian Bond A Hedged MInc(G) SGD
Initial charge5.25%
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 price0.977
CurrencySGD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE9FC
Fidelity Asian Bond A MInc(G) HKD
Initial charge5.25%
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 price9.932
CurrencyHKD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE7DB
Fidelity Asian Bond A MInc(G) USD
Initial charge5.25%
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 price9.947
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE7DC
Fidelity Asian Bond A Mdis USD
Initial charge5.25%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price10.96
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNGO3
Fidelity Asian Bond I Acc USD
Initial charge1%
Annual charge0.45%
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 price10.4
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1PR
Fidelity Asian Bond Y Acc USD
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)0.93%
Bid price-
Offer price-
Mid price13.18
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNGO4
Fidelity Asian Bond Y QDis USD
Initial charge-
Annual charge0.5%
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 price10.18
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFX2L
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