Fact sheet: Fidelity Em Mkt Loc Cur Dt

Fund information

Fund name
Fidelity Emerging Market Local Currency Debt E MDis EUR
Fund company manager
Fidelity International (FIL In
Fund type
SIB
Fund manager
Eric Wong
since 12/04/2013
Fund objective
Aims to provide income and capital growth. At least 70% invested in investment grade and sub investment grade global emerging market bonds and cash denominated in local currency. It may also invest in global emerging market bonds denominated in non local currency. 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. Up to 25% of the assets of the fund may be invested in corporate bonds of emerging market issuers. 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
JPM GBI EM Global Diversified
Investment style
None
Investment method
Fixed Interest

Performance snapshot

Quick stats

1 Year return

2.08 %

1 Year rank in sector

212/236

Sector

FO Fixed Int - Emerging Markets

Yield

3.4

Fund size

£ 95.0 m

FE Risk score

101

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Global Emerging Markets
    89.18%
  • Money Market
    10.82%
  • BBB
    47.94%
  • A
    24.96%
  • Money Market
    10.82%
  • Non-Rated
    7.8%
  • BB
    6.98%
  • Global Emerging Market Fixed Interest
    89.18%
  • Money Market
    10.82%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.43 %-2.86 %2.36 %2.76 %0 %
Sector1.14 %4.63 %6.71 %5.61 %6.39 %
Rank within sector207 / 252231 / 243212 / 236140 / 196 /
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Calendar performance

YTD-20172016201520142013
Fund1.6 %12.15 %-8.15 %7.73 %0 %
Sector8.54 %10.22 %-7.28 %-0.56 %-7.02 %
Rank within sector221 / 24253 / 226148 / 20715 / 170 /
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Risk statistics

Alpha-0.28
Beta1.07
Sharpe-0
Volatility10.45
Tracking error6.99
Information ratio-0.06
R-Squared0.55

Price movement

52 week high8.471
52 week low7.776
Current bid price0
Current offer price0
Current mid price7.964

Holdings by region

  • 89.18% Global Emerging Markets
  • 10.82% Money Market

Holdings by sector

  • 47.94% BBB
  • 24.96% A
  • 10.82% Money Market
  • 7.8% Non-Rated
  • 6.98% BB
  • 1.47% B
  • 0.03% Others

Holdings by asset type

  • 89.18% Global Emerging Market Fixed Interest
  • 10.82% Money Market

Individual holdings

-