Fidelity Funds - US Dollar Bond Fund A Dis USD

富達基金 - 美元債券基金 A類 Dis 美元

LU0048622798

Risk Rating: Level 2

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating one (1) or two (2), these are mainly aimed at providing capital preservation for investors by investing primarily in money market instruments and, investment grade sovereign bonds etc. For more details, please refer to the Due Diligence section under the Procedures page.

On Holiday

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

0.75%

HKD4,000.00Min. Subscription

AUD / CHF / HKD / JPY / EUR / GBP / CAD / USD / NZD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

16:30

2019-09-30

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
-0.66%
3 mth
+2.61%
6 mth
+6.71%
1 yr
+11.23%
3 yr
+9.25%
5 yr
+17.99%

Analytical Figures (3 years)

Annualized Return
+2.99%
Annualized Volatility
+3.78%
Sharpe Ratio
+0.44

Fund Information

Fund Houses
FIL Investment Management (Hong Kong) Limited
Launch Date
1990-11-11
Fund Manager
Rick Patel
Manager Start Date
Rick Patel (Start Date: 2009-03-19)
Geographical Focus
US
Asset Class/ Sector
Fixed Income - Investment grade
Risk Rating
Risk Level 2

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating one (1) or two (2), these are mainly aimed at providing capital preservation for investors by investing primarily in money market instruments and, investment grade sovereign bonds etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-08-30)
USD 1,255,709,807.203
Management Fee
0.75%
Latest Dividend
USD 0.073600 (2019-07-31)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

0.75%

HKD4,000.00Min. Subscription

AUD / CHF / HKD / JPY / EUR / GBP / CAD / USD / NZD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

16:30

2019-09-30

Dividend Records

Dividend DateDividend Records (USD)
2019-07-310.073600
2019-01-310.069700
2018-07-310.053300
2018-01-310.052800
2017-07-310.060200
2017-01-310.037000
2016-07-310.040900
2016-01-310.033600
2015-08-020.042700
2015-02-010.042000
2014-07-310.052000
2014-02-020.050800
2013-07-310.047200
2013-01-310.048700
2012-07-310.059200
2012-01-310.067900
2011-07-310.072600
2011-01-310.072100
2010-08-010.085500
2010-01-310.101600
2009-08-020.134200
2009-02-010.120000
2008-07-310.122100
2008-01-310.137800
2007-07-310.118800
2007-01-310.125800
2006-07-310.114700
2006-01-310.117600
2005-07-310.090300
2005-01-310.107700
2004-08-010.055900
2004-02-010.127400
2003-07-310.111000
2003-02-020.149800
2002-07-310.132400
2002-01-310.153600
2001-07-310.120700
2001-01-310.153400
2000-07-310.137200
2000-01-310.143300
1999-08-010.134100
1999-01-310.147400
1998-08-020.160800
1998-02-010.161300
1997-07-310.170200
1997-02-020.140600
1996-07-310.076500
1996-01-310.075500
1995-10-310.152200
1995-04-300.152000
1994-11-020.150200
1994-05-020.132900
1993-11-020.139900
1993-10-310.139900
1993-05-020.162000
1992-11-020.166300
1992-04-300.179400
1992-04-050.179400
1992-02-100.166300
1991-10-310.193000
1991-05-010.185000

Investment Objective

The fund is a Bond fund and aims to provide income with the possibility of capital gains.
At least 70% of the fund's net asset value (and normally 75%) will be invested in US Dollar denominated debt securities.

Nature and Extent of Risks

Investment involves risks. Please refer to the Hong Kong Prospectus for details including the risk factors.
1. Investment Risk
The fund is an investment fund. The fund’s investment portfolio may fall in value and therefore your investment in the fund may suffer losses. There is no assurance that the strategy employed by the fund will be successful and therefore the investment objectives of the fund may not be achieved.
2. Bonds, Debt Instruments & Fixed Income and Credit Risk
The value of bonds, debt instruments and other fixed income instruments will fluctuate depending on market interest rates, the credit quality of the issuer and liquidity considerations. Increase in market interest rates, decline in the credit quality of the issuer and decrease in liquidity will adversely impact the value of these instruments.
Investments may be adversely affected if any of the institutions with which money is deposited suffers insolvency or other financial difficulties (default). Credit risk arises from the uncertainty about the ultimate repayment of principal and interest of bond or other debt instrument investments. In both cases the entire deposit or purchase price of the debt instrument is at risk of loss if there is no recovery after default.
Valuation of the fund’s investments may involve uncertainties and judgmental determinations. If such valuation turns out to be incorrect, this may affect the Net Asset Value calculation of the fund.
3. Securitised or Structured Debt Instruments
The fund may invest in securitised or structured debt instruments (collectively referred to as structured products), which may employ leverage causing the price of the instruments to be more volatile. The lack of liquidity may cause the current market price of assets to become disconnected from the underlying assets’ value and consequently funds investing in securitised products may be more susceptible to liquidity risk. The liquidity of a structured product can be less than a regular bond or debt instrument and this may adversely affect either the ability to sell the position or the price at which such a sale is transacted.
4. Below Investment Grade/Unrated Securities & High Yielding Debt Instruments
The fund may invest in below investment grade and unrated securities. Below investment grade and unrated securities may be subject to wider fluctuations in yield, wider bid-offer spreads, greater liquidity premium (i.e. lower liquidity) and consequently greater fluctuations in market values and greater credit / default risk than higher rated securities. These fluctuations may affect the value of the fund’s share price to a greater extent than a fund that invests in higher rated securities.
The fund may also invest in high yielding debt instruments where the level of income may be relatively high (compared to investment grade debt securities); however the risk of depreciation and realisation of capital losses on such debt instruments held will be significantly higher than on lower yielding debt instruments. Further, as these instruments are typically rated below investment grade or are unrated, they are often subject to a higher risk of issuer default. The vulnerability to economic cycles is also higher as during economic downturns, these instruments are more volatile than investment grade bonds as investors become more risk averse and default risk rises.
5. Credit rating risk
Credit ratings assigned by rating agencies are subject to limitations and do not guarantee the creditworthiness of the security and/or issuer at all times.
6. Foreign Currency Risk
The fund’s total return and balance sheet can be significantly affected by foreign exchange rate movements where the fund’s assets and income are denominated in currencies other than the base currency of the fund. Also, a class of shares may be designated in a currency other than the base currency of the fund. This means that currency movements and changes in exchange rate controls may significantly affect the value of the fund’s share price.
7. Financial Derivative Instruments
Although the fund will not make extensive use of financial derivative instruments for investment purposes or use complex derivative instruments or strategies to meet the investment objectives of the fund, the use of financial derivative instruments may give rise to leverage, liquidity, counterparty and valuations risks at times. In adverse situations, the fund’s use of derivative instruments may become ineffective and the fund may suffer significant losses.

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