Fidelity Funds - US Dollar Cash Fund A Acc USD

富達基金 - 美元現金基金 A 類 Acc 美元

LU0261952922

Risk Rating: Level 1

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.

Non-dealing Hours

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

0.40%

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

-

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+0.13%
3 mth
+0.40%
6 mth
+0.91%
1 yr
+1.92%
3 yr
+3.96%
5 yr
+4.07%

Analytical Figures (3 years)

Annualized Return
+1.30%
Annualized Volatility
+0.18%
Sharpe Ratio
-8.11

Fund Information

Fund Houses
FIL Investment Management (Hong Kong) Limited
Launch Date
1993-07-25
Fund Manager
Timothy Foster
Manager Start Date
2008-11-17
Geographical Focus
Global
Asset Class/ Sector
Money Market
Risk Rating
Risk Level 1

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 2019-10-30)
USD 1,698,669,049.434
Management Fee
0.40%
Latest Dividend
USD 0.010000 (2013-07-31)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

0.40%

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

-

Dividend Records

Dividend DateDividend Records (USD)
2013-07-310.010000
2012-07-310.005900
2011-07-310.005500
2010-08-010.006200
2009-08-020.157500
2008-07-310.491100
2007-07-310.538500
2006-07-310.377300
2005-07-310.130400
2004-08-020.038100
2003-07-310.069700
2002-07-310.254100
2001-07-310.667100
2000-07-310.577500
1999-08-010.566100
1998-08-020.601600

Investment Objective

The fund is a Cash fund and aims to provide a return in line with money market rates where both capital security and liquidity are primary considerations from professionally managed portfolios of debt securities (including, without limitation, issues of US and other governments and supranational agencies, such as US treasury bills, notes and bonds, instruments of US and other banks, commercial paper and certificates of deposit) and other assets permitted by law in different geographical areas and currencies, with the opportunity to achieve the objective of regular income and high liquidity.

Nature and Extent of Risks

Investment involves risks. Please refer to the Hong Kong Prospectus for details including the risk factors. The purchase of shares is not the same as placing monies on deposit with a bank or a deposit taking company and that the fund has no obligation to redeem or sell shares at the dealing price paid by the investor. The fund does not guarantee a stable net asset value. The fund is not subject to supervision of the Hong Kong Monetary Authority.
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 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.
3.Credit Risk
Investments may be adversely affected if any of the institutions with which money is deposited suffers insolvency or other financial difficulties (default). Credit risk also arises from the uncertainty about the ultimate repayment of principal and interest of 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.
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.Mortgage-Related Securities
Generally, rising interest rates tend to extend the duration of fixed rate mortgage-related securities making them more sensitive to changes in interest rates. As a result, in a period of rising interest rates a fund holding mortgage-related securities may exhibit additional volatility (extension risk). In addition, adjustable and fixed rate mortgage-related securities are subject to prepayment risk. When interest rates decline, borrowers may pay off their mortgages sooner than expected. This can reduce the returns of the fund because the fund may have to reinvest that money at the lower prevailing interest rates. In addition investments in securitised products may be less liquid than other securities. 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 securitised 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.
6.Repurchase Transactions
Repurchase transactions involve risks in that (a) in the event of the failure of the counterparty with which cash of a fund has been placed there is the risk that collateral received may realise less than the cash placed out; that (b) (i) locking cash in transactions of excessive size or duration, (ii) delays in recovering cash placed out, or (iii) difficulty in realizing collateral may restrict the ability of the fund to meet redemption requests, security purchases or, reinvestment; and that (c) repurchase transactions may further expose a fund to risks similar to those associated with optional or forward derivative financial instruments.
7.Risk of Investing in Cash Fund
An investment in the cash funds is neither insured nor guaranteed by any government, government agencies or government-sponsored agencies or any bank guarantee fund. The fund does not guarantee a stable net asset value. The performance of the fund may be affected by changes in money market rates, economic and market conditions and in legal, regulatory and tax requirements. In a low interest rate environment or during adverse market conditions, the fund may invest in negative yield instruments which may adversely impact the net asset value of the fund.
8.European Risk
The fund’s performance will be closely tied to the economic, political, regulatory, geopolitical, market, currency or other conditions in the European Economic Area and could be more volatile than the performance of more geographically diversified funds. In light of the concerns on sovereign credit risk of certain European countries and in particular these countries' fiscal conditions, the fund may be subject to increased liquidity, price, and foreign exchange risk. If there are adverse credit events in certain European countries e.g. downgrade of the sovereign credit rating of a European country or a European financial institution, the performance of the fund could decline significantly and will possibly result in significant loss. Measures taken by the governments of the European countries, central banks and other authorities to address their economic and financial problems may not be effective and such failure may result in further deterioration of these countries’ fiscal conditions.
9.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.
10.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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