Fact sheet: Fidelity Em Mkt Corp Dt

Fund information

Fund name
Fidelity Emerging Market Corporate Debt A Acc USD
Fund company manager
Fidelity International (FIL In
Fund type
SIB
Fund manager
Eric Wong
since 01/04/2014
Fund objective
Aims to provide income and capital growth. At least 70% invested in investment grade and sub investment grade global emerging-markets corporate bonds denominated in major currencies. Up to 25% may be invested in sovereign bonds of emerging market issuers. 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 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. 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 accumulated in the share price. 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
J. P. Morgan Corporate Emerging Markets Bond Index Broad Diversified
Investment style
None
Investment method
Fixed Interest

Performance snapshot

Quick stats

1 Year return

5.83 %

1 Year rank in sector

56/236

Sector

FO Fixed Int - Emerging Markets

Yield

2.7

Fund size

£ 84.0 m

FE Risk score

80

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Latin America
    42.1%
  • Asia Pacific ex Japan
    25.93%
  • Europe
    12.7%
  • USA
    9.31%
  • Others
    3.96%
  • Government Bonds
    15.54%
  • Banks
    13.85%
  • Communications
    10.68%
  • Basic Industries
    9.47%
  • Capital Goods
    8.02%
  • American Emerging Fixed Interest
    42.1%
  • Asia Pacific ex Japan Fixed Interest
    25.93%
  • European Fixed Interest
    12.7%
  • US Fixed Interest
    9.31%
  • Global Fixed Interest
    5.07%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund1.16 %5.1 %5.83 %15.81 %0 %
Sector1 %4.4 %4.31 %3.39 %7.17 %
Rank within sector82 / 25294 / 24556 / 23640 / 195 /
Quartile th2 nd2 nd1 st1 st th

Calendar performance

YTD-20172016201520142013
Fund7.04 %10.51 %-1.34 %5.73 %0 %
Sector7.32 %10.22 %-7.28 %-0.56 %-7.02 %
Rank within sector138 / 24483 / 22777 / 20941 / 172 /
Quartile th3 rd2 nd2 nd1 st th

Risk statistics

Alpha4.33
Beta0.66
Sharpe0.26
Volatility5.49
Tracking error3.68
Information ratio1.11
R-Squared0.75

Price movement

52 week high12.19
52 week low11.14
Current bid price0
Current offer price0
Current mid price12.16

Holdings by region

  • 42.1% Latin America
  • 25.93% Asia Pacific ex Japan
  • 12.7% Europe
  • 9.31% USA
  • 3.96% Others
  • 3.53% Middle East/ Africa
  • 0.99% International
  • 0.62% Australasia
  • 0.44% UK
  • 0.3% France

Holdings by sector

  • 15.54% Government Bonds
  • 13.85% Banks
  • 10.68% Communications
  • 9.47% Basic Industries
  • 8.02% Capital Goods
  • 6.88% Non-Cyclical Consumer Goods
  • 6.74% Cyclical Consumer Goods
  • 6.59% Utilities
  • 5.79% Money Market
  • 5.45% Transport

Holdings by asset type

  • 42.1% American Emerging Fixed Interest
  • 25.93% Asia Pacific ex Japan Fixed Interest
  • 12.7% European Fixed Interest
  • 9.31% US Fixed Interest
  • 5.07% Global Fixed Interest
  • 3.53% Middle East & African Fixed Interest
  • 0.62% Asia Pacific Fixed Interest
  • 0.44% UK Fixed Interest
  • 0.3% French Fixed Interest

Individual holdings

-