Fact sheet: Fidelity Asian Hi Yd

Fund information
Fund name
Fidelity Asian High Yield Y Acc USD
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Bryan Collinssince 01/10/2009
Fund objective
Aims to provide high current income and capital growth. At least 70% invested in high yielding sub investment grade bonds of issuers or in high-yielding bonds of sub investment grade issuers, all having their main business activities in Asia. The fund may invest its net assets directly in onshore China bonds listed or traded on any eligible market in China. 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. The types of bonds in which the fund will mainly invest will be subject to high risk and will not be required to meet a minimum rating standard. May invest in assets directly or achieve exposure indirectly through other eligible means including derivatives. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income, including for investment purposes, in line with the fund’s risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is paid to shareholders out of net investment income for most of the time. The fund seeks to maintain a stable payment per share so far as is reasonable. The payment is not fixed and will vary according to economic and other circumstances, and the ability of the fund to support stable payments without a long-term positive or negative impact on its capital. This may occasionally result in income payment coming out of the capital. 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
  • BofA ML Asian $ Cp Cn Bld
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
12.4%
1 Year rank in sector
2/26
Sector
FO Fixed Int - Asia Pacific
Yield
5.8%
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.
0.9%
Fund size
£3,392m (£2,767m 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.
80
Top in this sector
Fund name1 Year
Aberdeen Gbl AsLCuShDuBd14.5%
Fidelity Asian Hi Yd12.4%
Ashmore EmMRKAsCrpDbt10.1%
Eastspring Inv AHYBd9.2%
Matthews Asia Credit Opps8.9%
...more in FO Fixed Int - Asia Pacific

Performance snapshot

Holdings snapshot

  • Asia Pacific ex Japan83.1%
    USA5.6%
    Money Market4.5%
    Latin America1.7%
    Australasia1.6%
  • Property19.6%
    Banks13.1%
    Cyclical Consumer Goods11.8%
    Utilities11.1%
    Basic Industries8%
  • Asia Pacific ex Japan Fixed Interest83.1%
    US Fixed Interest5.6%
    Money Market4.5%
    American Emerging Fixed Interest1.7%
    Asia Pacific Fixed Interest1.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%2.6%3.9%12.4%23.9%43.6%
Sector0.3%2.4%0.2%3.9%8.2%13.3%
Rank within sector4 / 2916 / 291 / 282 / 263 / 211 / 14
Quartile1st3rd1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund4%14.1%1.9%4.1%3.2%
Sector3.5%4.6%-2%3.7%-3.3%
Rank within sector14 / 292 / 255 / 2212 / 202 / 20
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.
4.64
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
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.
0.77
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%.
5.22
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.
2.66
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.
1.74
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.
0.74
Price movement
52 week high18.83
52 week low16.74
Current bid price-
Current offer price-
Current mid price18.84
Region
1Asia Pacific ex Japan83.07%
2USA5.59%
3Money Market4.47%
4Latin America1.65%
5Australasia1.59%
6UK1.37%
7Not Specified0.91%
8Japan0.88%
9France0.48%
Industry sector
1Property19.6%
2Banks13.05%
3Cyclical Consumer Goods11.79%
4Utilities11.07%
5Basic Industries8.02%
6Non-Cyclical Consumer Goods5.25%
7Government Bonds4.87%
8Money Market4.47%
9Transport4.1%
Asset type
1Asia Pacific ex Japan Fixed Interest83.07%
2US Fixed Interest5.59%
3Money Market4.47%
4American Emerging Fixed Interest1.65%
5Asia Pacific Fixed Interest1.59%
6UK Fixed Interest1.37%
7Global Fixed Interest0.9%
8Japanese Fixed Interest0.88%
9French Fixed Interest0.48%
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 high current income and capital growth. At least 70% invested in high yielding sub investment grade bonds of issuers or in high-yielding bonds of sub investment grade issuers, all having their main business activities in Asia. The fund may invest its net assets directly in onshore China bonds listed or traded on any eligible market in China. 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. The types of bonds in which the fund will mainly invest will be subject to high risk and will not be required to meet a minimum rating standard. May invest in assets directly or achieve exposure indirectly through other eligible means including derivatives. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income, including for investment purposes, in line with the fund’s risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is paid to shareholders out of net investment income for most of the time. The fund seeks to maintain a stable payment per share so far as is reasonable. The payment is not fixed and will vary according to economic and other circumstances, and the ability of the fund to support stable payments without a long-term positive or negative impact on its capital. This may occasionally result in income payment coming out of the capital. 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
  • BofA ML Asian $ Cp Cn Bld
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Bryan Collins01/10/2009The 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.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Singapore ILIP, Reporting Fund Status, SRS, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, 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, Peru, Poland, Portugal, Qatar, Singapore, Slovakia, Slovenia, Sweden, Taiwan - Province Of China, United Arab Emirates
Fidelity Asian High Yield A Acc EUR
Initial charge3.5%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price20.33
CurrencyEUR
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeW958
Fidelity Asian High Yield A Acc USD
Initial charge3.5%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price17.04
CurrencyUSD
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeW957
Fidelity Asian High Yield A Hedged EUR
Initial charge3.5%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.41%
Bid price-
Offer price-
Mid price9.559
CurrencyEUR
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF21D
Fidelity Asian High Yield A Hedged HMDis(G) AUD
Initial charge3.5%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.08
CurrencyAUD
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFJAX
Fidelity Asian High Yield A Hedged MDis JPY
Initial charge3.5%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price1015
CurrencyJPY
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code10GZ
Fidelity Asian High Yield A Hedged MDis SGD
Initial charge3.5%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price0.933
CurrencySGD
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI7Q3
Fidelity Asian High Yield A Hedged MInc(G) SGD
Initial charge3.5%
Annual charge1%
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 price1.028
CurrencySGD
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFUJT
Fidelity Asian High Yield A Hedged RMB
Initial charge3.5%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.41%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price114
CurrencyCNY
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF2RH
Fidelity Asian High Yield A MDis HKD
Initial charge3.5%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price9.778
CurrencyHKD
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKMB7
Fidelity Asian High Yield A MDis USD
Initial charge3.5%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price8.566
CurrencyUSD
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBLL9
Fidelity Asian High Yield A MInc USD
Initial charge3.5%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price9.484
CurrencyUSD
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN9P0
Fidelity Asian High Yield A MInc(G) USD
Initial charge3.5%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.655
CurrencyUSD
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF8TA
Fidelity Asian High Yield E Hedged MDis EUR
Initial charge-
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.433
CurrencyEUR
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF83X
Fidelity Asian High Yield I Acc 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 price11.54
CurrencyUSD
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1PS
Fidelity Asian High Yield I MDis 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 price10.32
CurrencyUSD
Price updated27/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFUJU
Fidelity Asian High Yield W Acc GBP
Initial charge-
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.612
CurrencyGBP
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK5LF
Fidelity Asian High Yield 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 price11.76
CurrencyEUR
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFVZC
Fidelity Asian High Yield Y Acc SGD
Initial charge-
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.395
CurrencySGD
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFJAY
Fidelity Asian High Yield 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)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price18.84
CurrencyUSD
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFL2
Fidelity Asian High Yield Y Hedged EUR
Initial charge-
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price9.559
CurrencyEUR
Price updated27/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF21C
Fidelity Asian High Yield Y MDis HKD
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 price10.73
CurrencyHKD
Price updated27/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFWGX
Fidelity Asian High Yield Y MDis SGD
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 price1.064
CurrencySGD
Price updated27/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFWGY
Fidelity Asian High Yield Y MDis 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 price10.68
CurrencyUSD
Price updated27/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFWGZ
Fidelity Asian High Yield Y MInc 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 price10.98
CurrencyUSD
Price updated27/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFX2T
Data provided by

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