Fidelity Funds - Asian High Yield Fund A MDis USD

富達基金 - 亞洲高收益基金 A類 MDis 美元

LU0286669428

Risk Rating: Level 4

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 three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities 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

1.00%

HKD4,000.00Min. Subscription

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

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

14:00

-

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+0.01%
3 mth
+0.15%
6 mth
+6.95%
1 yr
+19.46%
3 yr
+14.48%
5 yr
+32.63%

Analytical Figures (3 years)

Annualized Return
+4.61%
Annualized Volatility
+11.89%
Sharpe Ratio
+0.34

Fund Information

Fund Houses
FIL Investment Management (Hong Kong) Limited
Launch Date
2007-04-01
Fund Manager
Peter Khan
Terrence Pang
Tae Ho Ryu
Manager Start Date
Peter Khan (Start Date: 2019-01-02) Terrence Pang (Start Date: 2020-07-01) Tae Ho Ryu (Start Date: 2020-07-01)
Geographical Focus
Asia Pacific ex Japan
Asset Class/ Sector
Fixed Income - High yield
Risk Rating
Risk Level 4

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 three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2021-03-30)
EUR 4,354,231,144.387
Management Fee
1.00%
Latest Dividend
USD 0.041700 (2021-03-31)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.00%

HKD4,000.00Min. Subscription

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

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

14:00

-

Dividend Records

Dividend DateDividend Records (USD)
2021-03-310.041700
2021-02-280.027600
2021-01-310.032600
2021-01-030.040600
2020-11-300.034900
2020-11-010.038600
2020-09-300.039800
2020-08-310.033400
2020-08-020.039700
2020-06-300.041600
2020-05-310.039600
2020-04-300.043200
2020-03-310.050800
2020-03-010.039400
2020-02-020.043100
2020-01-010.043700
2019-12-010.037300
2019-10-310.045600
2019-09-300.039300
2019-09-010.039100
2019-07-310.046900
2019-06-300.038400
2019-06-020.044300
2019-04-300.044900
2019-03-310.041200
2019-02-280.034300
2019-02-270.034300
2019-01-310.042500
2019-01-010.038300
2018-12-020.042600
2018-10-310.045900
2018-09-300.037800
2018-09-020.042900
2018-07-310.044500
2018-07-010.039800
2018-05-310.047600
2018-04-300.042700
2018-04-010.042700
2018-02-280.039000
2018-01-310.042400
2018-01-010.038900
2017-11-300.037600
2017-10-310.044100
2017-10-010.037200
2017-08-310.042700
2017-07-310.038300
2017-07-020.038100
2017-05-310.038900
2017-04-300.042500
2017-04-020.034900
2017-02-280.039800
2017-01-310.036400
2017-01-010.037300
2016-11-300.040000
2016-10-310.040800
2016-10-020.039600
2016-08-310.040700
2016-07-310.039600
2016-06-300.039500
2016-05-310.039900
2016-05-010.039200
2016-03-310.041200
2016-02-290.042000
2016-01-310.042200
2016-01-030.042400
2015-11-300.039700
2015-11-010.042900
2015-09-300.038900
2015-08-310.038200
2015-08-020.042600
2015-06-300.040600
2015-05-310.043100
2015-04-300.042500
2015-03-310.042800
2015-03-010.045400
2015-02-010.042500
2015-01-010.044600
2014-11-300.045100
2014-11-020.045200
2014-09-300.045600
2014-08-310.044800
2014-07-310.040000
2014-06-300.044900
2014-06-010.041700
2014-04-300.047300
2014-03-310.048500
2014-03-020.049200
2014-02-020.048500
2014-01-010.052900
2013-12-010.052600
2013-10-310.045400
2013-09-300.046200
2013-09-010.045800
2013-07-310.045100
2013-06-300.045700
2013-06-020.045200
2013-04-300.046600
2013-03-310.045200
2013-02-280.046800
2013-01-310.044200
2013-01-010.045600
2012-12-020.045400
2012-10-310.044700
2012-09-300.044400
2012-09-020.045400
2012-07-310.046200
2012-07-010.047400
2012-05-310.046900
2012-04-300.046000
2012-04-010.044900
2012-02-290.053500
2012-01-310.048800
2012-01-010.048900
2011-11-300.049200
2011-10-310.055200
2011-10-020.051100
2011-08-310.051300
2011-07-310.053800
2011-06-300.056300
2011-05-310.055300
2011-05-010.050400
2011-03-310.051300
2011-02-280.051300
2011-01-310.050900
2011-01-020.050400
2010-11-300.053100
2010-10-310.045400
2010-09-300.045900
2010-08-310.047800
2010-08-010.050000
2010-06-300.050700
2010-05-310.050400
2010-05-020.039500
2010-03-310.042200
2010-02-280.047700
2010-01-310.037000
2010-01-030.052800
2009-11-300.049000
2009-11-010.045100
2009-09-300.042000
2009-08-310.043900
2009-08-020.045700
2009-06-300.047300
2009-05-310.050800
2009-04-300.049800
2009-03-310.043400
2009-03-010.070000
2009-02-010.065300
2009-01-010.058200
2008-11-300.069400
2008-11-020.062700
2008-09-300.053300
2008-08-310.062300
2008-07-310.055100
2008-06-300.052300
2008-06-010.061700
2008-04-300.053800
2008-03-310.056900
2008-03-020.057000
2008-01-310.058600
2008-01-010.060100
2007-12-020.055300
2007-10-310.051800
2007-09-300.050900
2007-09-020.051900
2007-07-310.056000

Investment Objective

The fund is a Bond fund and seeks a high level of current income and capital appreciation by investing primarily (i.e. at least 70% of the fund's assets) in high yielding, sub investment grade securities of issuers, or in high-yielding securities of sub investment grade issuers, all having their principal business activities in the Asian region. This region includes certain countries considered to be emerging markets.

Nature and Extent of Risks

Investment involves risks.
Please refer to the Hong Kong Prospectus for details including the risk factors.
1. Risk to Capital and Income (Investment Risk)
The assets of the fund are subject to fluctuations in value. There is no guarantee of repayment of principal and you may not get back the original amount invested. Past performance is no guarantee of future performance.
2. Bonds and other Debt Instruments
The value of bonds or other debt instruments will fluctuate depending on e.g. market interest rates, the credit quality of the issuer, the currency of the investment (when it is different from the base currency of the fund) and liquidity considerations. In general, the prices of debt instruments rise when interest rates fall, whilst their prices fall when interest rates rise.
3. Downgrading risk
The credit rating of a debt instrument or its issuer may subsequently be downgraded. In the event of such downgrading, the value of the fund may be adversely affected. The investment manager may or may not be able to dispose of the debt instruments that are being downgraded.
4. Credit/Default Risk
Investments may be adversely affected if any of the institutions with which money is deposited suffers insolvency or are otherwise unable to pay interest or principal (default). Credit risk also arises from the uncertainty about the ultimate repayment of principal and interest from 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. 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. Valuation Risk
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.
7. Risk associated with Debt Securities Rated Below Investment Grade/Unrated Securities and High Yielding Debt Instruments
The fund may invest in debt securities rated below investment grade or unrated securities. Such securities are generally subject to lower liquidity, higher volatility, heightened risk of default and loss of principal and interest than higher-rated/lower yielding debt securities.
Income-producing securities
Although the fund will generally invest in income-producing securities, it is not guaranteed that all underlying investments will generate income. To the extent that underlying investments of the fund are income producing, higher yields generally mean that there will be increased potential for capital appreciation and/or depreciation for fixed income securities.
8. Risk of investing in CoCos and other instruments with loss-absorption features
The fund may invest in instruments with loss-absorption features. Those features have been designed to meet specific regulatory requirements imposed on financial institutions and typically include terms and conditions specifying the instrument is subject to contingent write-down or contingent conversion to ordinary shares on the occurrence of the following: (a) when a financial institution is near or at the point of non-viability; or (b) when the capital ratio of a financial institution falls to a specified level.
Debt instruments with loss-absorption features are subject to greater capital risks when compared to traditional debt instruments as such instruments are typically subject to the risk of being written down or converted to ordinary shares upon the occurrence of pre-defined trigger events (such as those disclosed above). Such trigger events are likely to be outside of the issuer’s control and are complex and difficult to predict and may result in a significant or total reduction in the value of such instruments.
In the event of the activation of a trigger, there may be potential price contagion and volatility to the entire asset class.
9. Debt instruments with loss-absorption features may also be exposed to liquidity, valuation and sector concentration risk. 
The fund may invest in CoCos, which are highly complex and are of high risk. CoCos are a form of hybrid debt security with loss-absorption features that are intended to either convert into equity shares of the issuer (potentially at a discounted price) or have their principal written down (including permanently written down to zero) upon the occurrence of certain ‘triggers’. Coupon payments on CoCos are discretionary and may be cancelled by the issuer at any point, for any reason, and for any length of time.
The fund may also invest in senior non-preferred debts. While these instruments are generally senior to subordinated debts, they may be subject to write-down upon the occurrence of a trigger event and will no longer fall under the creditor ranking hierarchy of the issuer. This may result in total loss principal invested.
10. Emerging Markets
This fund invests in emerging market securities which may involve increased risks and special considerations not typically associated with the investment in securities in more developed markets. The price of these securities may be more volatile and/or less liquid than those of securities in more developed markets.
This volatility or lack of liquidity may stem from political, economic, legal, taxation, settlement, transfer of securities, custody and currency/currency control factors.
Although care is taken to understand and manage these risks, the fund and accordingly the shareholders in the fund will ultimately bear the risks associated with investing in these markets.
11. Foreign Currency Risk
The fund’s assets may be 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. Fluctuations in the exchange rates between these currencies and the base currency as well as changes in exchange rate controls may adversely affect the fund’s net asset value.
12. Risks associated with distribution out of/effectively out of the Fund’s capital
Payment of dividends out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction of the NAV per share/unit.
The distribution amount and net asset value of the hedged share class may be adversely affected by differences in the interest rates of the reference currency of the hedged share class and the fund’s base currency, resulting in an increase in the amount of distribution that is paid out of capital and hence a greater erosion of capital than other non-hedged share classes.
13. Financial Derivative Instruments
The fund’s net derivative exposure may be up to 50% of its net asset value. The use of derivatives may give rise to liquidity risk, counterparty credit risk, volatility risk, valuations risks and over-the-counter transaction risk at times. The leverage element/component of a derivative can result in a loss significantly greater than the amount invested in the financial derivative instrument by the fund. Exposure to financial derivative instruments may lead to a high risk of significant loss by the fund.