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 30/09/2009
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. 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 Asian Dollar High Yield Corporate Constrained Blended Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
12.6%
1 Year rank in sector
2/27
Sector
FO Fixed Int - Asia Pacific
Yield
6.2%
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.
0.9%
Fund size
£3,405m (£2,241m 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.
79
Top in this sector
Fund name1 Year
Aberdeen Gbl AsLCuShDuBd18.5%
Fidelity Asian Hi Yd12.6%
Eastspring Inv AHYBd9.7%
Matthews Asia Credit Opps8.7%
Ashmore Emg Mkts Asian CorpDebt8.7%
...more in FO Fixed Int - Asia Pacific

Performance snapshot

Holdings snapshot

  • Asia Pacific ex Japan78.6%
    USA7.6%
    Money Market5.7%
    UK3.7%
    Australasia2.3%
  • Property20.7%
    Banks12.6%
    Cyclical Consumer Goods11.2%
    Basic Industries9.2%
    Utilities7.4%
  • Asia Pacific ex Japan Fixed Interest78.6%
    US Fixed Interest7.6%
    Money Market5.7%
    UK Fixed Interest3.7%
    Asia Pacific Fixed Interest2.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%0.7%6%12.6%21.9%50%
Sector-2.7%-3.5%0.3%3.8%6.4%14%
Rank within sector4 / 292 / 293 / 292 / 273 / 231 / 14
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund13.8%1.9%4.1%3.2%20.7%
Sector4.7%-2%3.7%-3.3%11.1%
Rank within sector2 / 275 / 2512 / 232 / 221 / 14
Quartile1st1st3rd1st1st
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.
4.77
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.
1.02
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.
0.66
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%.
5.26
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.
2.76
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.
1.72
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.
0.73
Price movement
52 week high18.17
52 week low15.48
Current bid price-
Current offer price-
Current mid price18.06
Region
1Asia Pacific ex Japan78.59%
2USA7.57%
3Money Market5.65%
4UK3.66%
5Australasia2.25%
6Not Specified1.27%
7Latin America0.52%
8Europe0.49%
Industry sector
1Property20.69%
2Banks12.61%
3Cyclical Consumer Goods11.23%
4Basic Industries9.23%
5Utilities7.42%
6Money Market5.65%
7Transport5.56%
8Government Bonds4.72%
9Technology4.57%
Asset type
1Asia Pacific ex Japan Fixed Interest78.59%
2US Fixed Interest7.57%
3Money Market5.65%
4UK Fixed Interest3.66%
5Asia Pacific Fixed Interest2.25%
6Global Fixed Interest1.27%
7American Emerging Fixed Interest0.52%
8European Fixed Interest0.49%
Individual holdings
1FIDELITY INSTITUTIONAL LIQUIDITY USD A ACC3.34%
2ABJA INVESTMENT CO 5.95% BDS 31/07/24 USD10002.08%
3NATIONAL SAVINGS BANK 8.875% BDS 18/09/18 USD200000 REG S1.72%
4WYNN MACAU LTD 5.25% NTS 15/10/21 USD10001.6%
5GREENKO DUTCH BV 8.5% BDS 23/07/19 USD200000REG S1.46%
6STUDIO CITY FINANCE LTD 8.5% BDS 01/12/20 USD1000 REG S1.46%
7GREENKO INVESTMENT CO 4.875% BDS 16/08/23 USD200000REG S1.39%
8STATS CHIPPAC 8.5% NTS 24/11/20 USD200000REG S1.32%
9MOON WISE GLOBAL 9% BDS 29/01/49 USD2000001.26%
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. 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 Asian Dollar High Yield Corporate Constrained Blended Index
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Bryan Collins30/09/2009The 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 charge5.25%
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 price19.79
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeW958
Fidelity Asian High Yield A Acc USD
Initial charge5.25%
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 price16.36
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeW957
Fidelity Asian High Yield A Hedged EUR
Initial charge5.25%
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 price9.263
CurrencyEUR
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF21D
Fidelity Asian High Yield A Hedged HMDis(G) AUD
Initial charge5.25%
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 price9.906
CurrencyAUD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFJAX
Fidelity Asian High Yield A Hedged MDis JPY
Initial charge5.25%
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 price997.9
CurrencyJPY
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code10GZ
Fidelity Asian High Yield A Hedged MDis SGD
Initial charge5.25%
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 price0.913
CurrencySGD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI7Q3
Fidelity Asian High Yield A Hedged MInc(G) SGD
Initial charge5.25%
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 price1.012
CurrencySGD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFUJT
Fidelity Asian High Yield A Hedged RMB
Initial charge5.25%
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 price108.6
CurrencyCNY
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF2RH
Fidelity Asian High Yield A MDis HKD
Initial charge5.25%
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 price9.524
CurrencyHKD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKMB7
Fidelity Asian High Yield A MDis USD
Initial charge5.25%
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 price8.371
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBLL9
Fidelity Asian High Yield A MInc USD
Initial charge5.25%
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 price9.279
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN9P0
Fidelity Asian High Yield A MInc(G) USD
Initial charge5.25%
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 price9.494
CurrencyUSD
Price updated06/12/2016
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 price9.292
CurrencyEUR
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF83X
Fidelity Asian High Yield I Acc USD
Initial charge1%
Annual charge0.6%
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 price11.05
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1PS
Fidelity Asian High Yield I MDis USD
Initial charge1%
Annual charge0.6%
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 price10.08
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFUJU
Fidelity Asian High Yield W Acc GBP
Initial charge-
Annual charge0.5%
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 price1.567
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK5LF
Fidelity Asian High Yield Y Acc EUR
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 price11.42
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFVZC
Fidelity Asian High Yield Y Acc SGD
Initial charge-
Annual charge0.5%
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 price1.358
CurrencySGD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFJAY
Fidelity Asian High Yield 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)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price18.06
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFL2
Fidelity Asian High Yield Y Hedged EUR
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price9.263
CurrencyEUR
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF21C
Fidelity Asian High Yield Y MDis HKD
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 price10.45
CurrencyHKD
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFWGX
Fidelity Asian High Yield Y MDis SGD
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 price1.056
CurrencySGD
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFWGY
Fidelity Asian High Yield Y MDis 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 price10.44
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFWGZ
Fidelity Asian High Yield Y MInc 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 price10.73
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFX2T
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.