Fact sheet: Fidelity Emg Mkt Dt

Fund information
Fund name
Fidelity Emerging Market Debt A USD
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Steve Ellissince 05/11/2012
  • Eric Wongsince 30/04/2016
Fund objective
Aims to provide income and capital growth. At least 70% invested in global emerging-markets bonds. Emerging markets include Latin America, South East Asia, Africa, Eastern Europe (including Russia) and the Middle East, but investments can also be made in other regions. 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 in other types of securities, including local market debt instruments, fixed income, equity securities and corporate bonds of emerging market issuers, and lower quality debt securities. 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
  • JPM Emerging Market Bond Global Diversified
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
4.6%
1 Year rank in sector
133/218
Sector
FO Fixed Int - Emerging Markets
Yield
3.9%
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.
1.67%
Fund size
£1,798m (£1,032m 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.
82
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$40.5%
Pictet Lat Am Lcl Cur Dt33.9%
Rubrics Ind Fxd Inc UCITS32.2%
Pioneer SICV-Emg Mkt Bd29%
Schroder ISF EmgMktBd28.3%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Global Emerging Markets93.5%
    Money Market6.5%
  • Fixed Interest93.5%
    Money Market6.5%
  • Global Emerging Market Fixed Interest93.5%
    Money Market6.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.2%-4.9%0.6%4.6%15.3%26.6%
Sector-4.2%-3.4%2.8%6%-0.2%6.2%
Rank within sector117 / 227143 / 225161 / 223133 / 21832 / 16828 / 100
Quartile3rd3rd3rd3rd1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund7.2%-0.3%7.5%-7.7%18.9%
Sector8.4%-7.3%-0.6%-7%14.7%
Rank within sector124 / 22050 / 20314 / 17371 / 12721 / 101
Quartile3rd1st1st3rd1st
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.
5.17
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.
0.78
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.
0.35
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%.
6.01
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.
2.67
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.
1.9
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.
0.87
Price movement
52 week high12.4
52 week low10.84
Current bid price-
Current offer price-
Current mid price11.47
Region
1Global Emerging Markets93.46%
2Money Market6.54%
Industry sector
1Fixed Interest93.46%
2Money Market6.54%
Asset type
1Global Emerging Market Fixed Interest93.46%
2Money Market6.54%
Individual holdings
1FIDELITY INSTITUTIONAL LIQUIDITY USD A ACC6.64%
2MEXICO(UNITED MEXICAN STATES) 4.125% BDS 21/01/26 USD2000003.49%
3SERBIA(REPUBLIC OF) 4.875% NTS 25/02/20 USD200000 REG S3.03%
4UKRAINE(REPUBLIC OF) 7.75% NTS 27/10/19 USD76100002.24%
5SRI LANKA(REPUBLIC OF) 5.125% BDS 11/04/19 USD2000002.12%
6NORTHERN LIGHTS III BV 7.00 16/08/20191.95%
7SCF CAPITAL LTD 5.375% BDS 16/06/23 USD2000001.67%
8ARGENTINA(REPUBLIC OF) 7.5% NTS 22/04/26 USD1000 REG S PH 11.57%
9MARFRIG HLDGS EUROPE BV 8% BDS 08/06/23 USD2000001.57%
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 in global emerging-markets bonds. Emerging markets include Latin America, South East Asia, Africa, Eastern Europe (including Russia) and the Middle East, but investments can also be made in other regions. 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 in other types of securities, including local market debt instruments, fixed income, equity securities and corporate bonds of emerging market issuers, and lower quality debt securities. 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
  • JPM Emerging Market Bond Global Diversified
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Steve Ellis05/11/2012Steve is a portfolio manager, based in London. He joined the firm in 2011 and is a partner in the business. Steve specialises in portfolio construction and derivative pricing. From 1996 to 1998 Steve worked for the Reserve Bank of Australia (RBA) as a Senior Bank Analyst and studied the sale programme and leasing of RBA's gold reserves. He has closely studied the global gold-leasing market ever since. He holds a degree in Banking and Finance from Curtin University, Perth and he obtained a Masters in Applied Finance in Sydney before moving to London in 2001. Steve has worked in derivatives markets at international banks in both Sydney and London for over 10 years before launching and managing his own successful multi-strategy gold hedge fund at RAB Capital from 2006 to 2010.
Eric Wong30/04/2016Eric 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, IA Recognised, Reporting Fund Status, 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, Gulf Cooperation Council, Guernsey, Hong Kong, Hungary, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Poland, Portugal, Qatar, Singapore, Slovakia, Sweden, Taiwan - Province Of China
Fidelity Emerging Market Debt A Acc EUR
Initial charge5.25%
Annual charge1.25%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.66%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price22.1
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQF95
Fidelity Emerging Market Debt A Acc USD
Initial charge5.25%
Annual charge1.25%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price18.79
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA7G4
Fidelity Emerging Market Debt A EUR
Initial charge5.25%
Annual charge1.25%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price13.28
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeQH66
Fidelity Emerging Market Debt A Hedged Acc EUR
Initial charge5.25%
Annual charge1.25%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.66%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price13.33
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK9I6
Fidelity Emerging Market Debt A Hedged Acc HUF
Initial charge5.25%
Annual charge1.25%
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 price3218
CurrencyHUF
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE05U
Fidelity Emerging Market Debt A Hedged Acc SEK
Initial charge5.25%
Annual charge1.25%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price128.3
CurrencySEK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code13N8
Fidelity Emerging Market Debt A Hedged Mdis AUD
Initial charge5.25%
Annual charge1.25%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.76
CurrencyAUD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFCEE
Fidelity Emerging Market Debt A MDIST EUR
Initial charge5.25%
Annual charge1.25%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price12.8
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA7G7
Fidelity Emerging Market Debt A MDIST USD
Initial charge5.25%
Annual charge1.25%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price11.09
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA7G6
Fidelity Emerging Market Debt A MInc USD
Initial charge5.25%
Annual charge1.25%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.66%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.301
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF8TC
Fidelity Emerging Market Debt A USD
Initial charge5.25%
Annual charge1.25%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price11.47
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeQH65
Fidelity Emerging Market Debt E Acc EUR
Initial charge-
Annual charge1.25%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.06%
Total expense ratio (TER)2.06%
Bid price-
Offer price-
Mid price20.86
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC6Z3
Fidelity Emerging Market Debt E Hedged MDis EUR
Initial charge-
Annual charge1.25%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.07%
Total expense ratio (TER)2.07%
Bid price-
Offer price-
Mid price9.975
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0MZ2
Fidelity Emerging Market Debt EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price21.04
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeQF16
Fidelity Emerging Market Debt I Acc USD
Initial charge1%
Annual charge0.7%
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 price10.83
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE64Z
Fidelity Emerging Market Debt Inc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price22.4279
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG0R5
Fidelity Emerging Market Debt USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.11
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeQF17
Fidelity Emerging Market Debt W Acc GBP
Initial charge-
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.313
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFUWI
Fidelity Emerging Market Debt Y Acc USD
Initial charge-
Annual charge0.7%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.11%
Total expense ratio (TER)1.11%
Bid price-
Offer price-
Mid price20.46
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeQF15
Fidelity Emerging Market Debt Y EUR
Initial charge-
Annual charge0.7%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.63
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFNZA
Fidelity Emerging Market Debt Y Hedged EUR
Initial charge-
Annual charge0.7%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.65
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFQPQ
Fidelity Emerging Market Debt Y Hedged QDis EUR
Initial charge-
Annual charge0.7%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.11%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price8.896
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF3AB
Data provided by

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