Fact sheet: Fidelity Chn RMB Bd

Fund information
Fund name
Fidelity China RMB Bond E Acc EUR
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund manager
  • Bryan Collinssince 08/12/2011
Fund objective
Aims to provide income and capital growth. Invests in Chinese Renminbi (RMB) denominated debt, money market securities, cash and/or cash equivalents. At least 70% invested directly and/or indirectly in investment grade bonds denominated in RMB, investment grade bonds of issuers that have their principal business activities in the Asia Pacific region, bonds denominated in RMB of investment grade issuers or in bonds of investment grade issuers that have their principal business activities in the Asia Pacific region. Exposure to bonds denominated in other currencies may be hedged to maintain currency exposure in RMB. The fund may invest its net assets directly in onshore China bonds listed or traded on exchanges in China or on the mainland China interbank bond markets. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can invest in bonds issued by governments, companies and other bodies. 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 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. The Reference Currency of the fund is hedged to the Share class principal dealing currency with the objective of minimising variability in Net Asset Value per Share returns arising from exchange rate movements between the two currencies. Income is paid quarterly to shareholders out of gross investment income. This class of shares takes fees and charges from the capital and not from the income generated by the fund. Any capital growth in this class of shares will be reduced by the fees and charges, this means that the capital may reduce over time if the fund’s growth does not compensate for it. 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
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-0%
1 Year rank in sector
13/18
Sector
FO Fixed Int - Other Single Inv Grade
Yield
-
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.
1.69%
Fund size
£149m (£208m 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.
71
Top in this sector
Fund name1 Year
Kotak India Fixed Income11.9%
Parvest Bond JPY3.9%
Aberdeen Global II Aus $ Bd2.7%
UBS (L)Bd-AUD2.4%
Swisscanto (LU) Bond AUD2.4%
...more in FO Fixed Int - Other Single Inv Grade

Performance snapshot

Holdings snapshot

  • Asia Pacific ex Japan91.4%
    Japan2.9%
    UK2.3%
    Money Market1.9%
    Australasia1.2%
  • Banks22.3%
    Government Bonds11%
    Utilities9.2%
    Government Bills8.7%
    Property7.6%
  • Asia Pacific ex Japan Fixed Interest91.4%
    Japanese Fixed Interest2.9%
    UK Fixed Interest2.3%
    Money Market1.9%
    Asia Pacific Fixed Interest1.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%1.5%3.2%-0%25.1%-
Sector-0.8%-1%-0.1%5.7%8.7%11%
Rank within sector1 / 182 / 182 / 1813 / 182 / 17-
Quartile1st1st1st3rd1st
Calendar performance
 YTD - 20162015201420132012
Fund0.9%8.9%14.2%0.4%-
Sector5.1%0.3%3.5%0.8%0.7%
Rank within sector10 / 182 / 172 / 173 / 14-
Quartile3rd1st1st1st
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.
10.09
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.
-0.59
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.
0.49
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%.
8.92
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.
9.37
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.
0.52
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.
0.02
Price movement
52 week high12.58
52 week low11.77
Current bid price-
Current offer price-
Current mid price12.46
Region
1Asia Pacific ex Japan91.39%
2Japan2.94%
3UK2.33%
4Money Market1.89%
5Australasia1.23%
6Canada0.67%
7Not Specified-0.09%
8USA-0.35%
Industry sector
1Banks22.33%
2Government Bonds10.96%
3Utilities9.23%
4Government Bills8.73%
5Property7.57%
6Transport7.19%
7Basic Industries7.12%
8Insurance6.09%
9Other Financial4.49%
Asset type
1Asia Pacific ex Japan Fixed Interest91.39%
2Japanese Fixed Interest2.94%
3UK Fixed Interest2.33%
4Money Market1.89%
5Asia Pacific Fixed Interest1.23%
6Canadian Fixed Interest0.67%
7Global Fixed Interest-0.09%
8US Fixed Interest-0.35%
Individual holdings
1CHINA NATIONAL PETROLEUM CO 4.8% BDS 15/03/22 CNY10003.73%
2CHINA CONSTRUCTION BANK 4.9% BDS 12/11/2024 CNY10000002.93%
3RIZHAO PORT(HONG KONG) CO LTD 1% BDS 15/05/17 CNY12.86%
44.9% STATE GRID CORP 15/22 'A'2.63%
5SIRIUS INTERNATIONAL GRP LTD 4.6% BDS 01/11/26 USD2000 REG S2.24%
6BESTGAIN REAL ESTATE LYRA LTD 4.05% MTN 16/12/16 CNY100002.16%
7STARWAY ASSETS ENTERPRISES INC. 4.1% BDS 22/01/17 CNY10000002.16%
8SINOCHEM OFFSHORE CAPITAL CO LTD 3.55% NTS 13/05/17 CNY12.1%
9CHINA CHENGTONG DEVELOPMENT GROUP 4% BDS 09/05/17 CNY10000002.04%
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. Invests in Chinese Renminbi (RMB) denominated debt, money market securities, cash and/or cash equivalents. At least 70% invested directly and/or indirectly in investment grade bonds denominated in RMB, investment grade bonds of issuers that have their principal business activities in the Asia Pacific region, bonds denominated in RMB of investment grade issuers or in bonds of investment grade issuers that have their principal business activities in the Asia Pacific region. Exposure to bonds denominated in other currencies may be hedged to maintain currency exposure in RMB. The fund may invest its net assets directly in onshore China bonds listed or traded on exchanges in China or on the mainland China interbank bond markets. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can invest in bonds issued by governments, companies and other bodies. 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 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. The Reference Currency of the fund is hedged to the Share class principal dealing currency with the objective of minimising variability in Net Asset Value per Share returns arising from exchange rate movements between the two currencies. Income is paid quarterly to shareholders out of gross investment income. This class of shares takes fees and charges from the capital and not from the income generated by the fund. Any capital growth in this class of shares will be reduced by the fees and charges, this means that the capital may reduce over time if the fund’s growth does not compensate for it. 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
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Bryan Collins08/12/2011The 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, Reporting Fund Status, UCITS IV 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, Hungary, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Malta, Netherlands, Norway, Offshore, Oman, Poland, Qatar, Singapore, Slovakia, Sweden
Fidelity China RMB Bond A (EUR/USD hedged) Acc EUR
Initial charge5.25%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.24%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.7166
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFJDC
Fidelity China RMB Bond A Acc EUR
Initial charge5.25%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price12.765
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG2AQ
Fidelity China RMB Bond A Acc RMB
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price120.43
CurrencyCNY
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0MD0
Fidelity China RMB 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)1.19%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.9694
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFJDB
Fidelity China RMB Bond E (EUR/USD hedged) Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.73%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.624
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFJDD
Fidelity China RMB Bond E (EUR/USD hedged) Gdist EUR
Initial charge-
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.72%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price8.707
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFQPN
Fidelity China RMB Bond E Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price12.46
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG2AR
Fidelity China RMB Bond I Acc EUR
Initial charge1%
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 price9.859
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFVZG
Fidelity China RMB Bond I Qdist USD
Initial charge1%
Annual charge-
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 price9.53
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE7QG
Fidelity China RMB Bond W Acc GBP
Initial charge-
Annual charge0.38%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.1909
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFUWH
Fidelity China RMB Bond Y Acc EUR
Initial charge-
Annual charge0.38%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)0.82%
Bid price-
Offer price-
Mid price12.963
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG2AP
Fidelity China RMB Bond Y Acc USD
Initial charge-
Annual charge0.38%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.069
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFJDE
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