Fidelity Funds - Asian Bond Fund A MDis USD

富達基金 - 亞洲債券基金 A類 MDis 美元

LU0605512432

Risk Rating: Level 3

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.

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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

-

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+0.36%
3 mth
+0.86%
6 mth
+5.83%
1 yr
+15.07%
3 yr
+14.39%
5 yr
+23.09%

Analytical Figures (3 years)

Annualized Return
+4.58%
Annualized Volatility
+4.00%
Sharpe Ratio
+0.50

Fund Information

Fund Houses
FIL Investment Management (Hong Kong) Limited
Launch Date
2011-04-17
Fund Manager
Eric Yung Wong
Morgan Lau
Belinda Liao
Manager Start Date
Eric Yung Wong (Start Date: 2017-01-02) Morgan Lau (Start Date: 2019-01-02) Belinda Liao (Start Date: 2019-07-01)
Geographical Focus
Asia
Asset Class/ Sector
Fixed Income - Investment grade
Risk Rating
Risk Level 3

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 2019-10-30)
USD 1,431,757,683.184
Management Fee
0.75%
Latest Dividend
USD 0.030600 (2019-10-31)

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

-

Dividend Records

Dividend DateDividend Records (USD)
2019-10-310.030600
2019-09-300.031000
2019-09-010.026500
2019-07-310.035000
2019-06-300.028400
2019-06-020.035700
2019-04-300.030600
2019-03-310.034100
2019-02-280.030300
2019-02-270.030300
2019-01-310.039100
2019-01-010.034700
2018-12-020.031600
2018-10-310.032600
2018-09-300.025900
2018-09-020.028600
2018-07-310.028000
2018-07-010.024600
2018-05-310.029600
2018-04-300.021100
2018-04-010.026200
2018-02-280.023400
2018-01-310.028400
2018-01-010.026900
2017-11-300.025800
2017-10-310.027700
2017-10-010.024800
2017-08-310.030000
2017-07-310.026000
2017-07-020.027200
2017-05-310.028700
2017-04-300.030100
2017-04-020.031600
2017-02-280.032300
2017-01-310.034900
2017-01-010.033500
2016-11-300.032900
2016-10-310.029400
2016-10-020.031000
2016-08-310.030100
2016-07-310.030400
2016-06-300.041500
2016-05-310.029700
2016-05-010.004600
2016-03-310.020200
2016-02-290.023300
2016-01-310.021100
2016-01-030.020500
2015-11-300.027200
2015-11-010.025900
2015-09-300.019900
2015-08-310.016500
2015-08-020.017600
2015-06-300.016100
2015-05-310.015400
2015-04-300.021700
2015-03-310.019300
2015-03-010.025700
2015-02-010.025600
2015-01-010.022800
2014-11-300.023800
2014-11-020.025800
2014-09-300.026800
2014-08-310.025600
2014-07-310.028700
2014-06-300.024700
2014-06-010.026800
2014-04-300.028100
2014-03-310.026100
2014-03-020.026500
2014-02-020.032200
2014-01-010.027700
2013-12-010.029400
2013-10-310.030200
2013-09-300.036800
2013-09-010.036800
2013-07-310.036600
2013-06-300.029100
2013-06-020.031000
2013-04-300.030500
2013-03-310.034400
2013-02-280.032000
2013-01-310.029800
2013-01-010.031800
2012-12-020.033500
2012-10-310.034600
2012-09-300.027100
2012-09-020.030200
2012-07-310.029700
2012-07-010.027500
2012-05-310.028400
2012-04-300.029100
2012-04-010.030300
2012-02-290.031000
2012-01-310.029400
2012-01-010.026400
2011-11-300.024500
2011-10-310.023900
2011-10-020.027200
2011-08-310.027100
2011-07-310.024800
2011-06-300.027200
2011-05-310.023800

Investment Objective

The fund is a Bond fund and aims to achieve income and capital growth.

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.
- Investment 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. 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.
4. 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.
5. 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.
6. Emerging Markets
- This fund invests in emerging market securities (in particular securities in Asia) and the price of these securities may be more volatile than those of securities in more developed markets.
- This volatility may stem from political and economic factors and be exacerbated by legal, trading liquidity, settlement, transfer of securities and currency 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.
7. Investment Grade Risk
The fund may invest in investment grade debt securities. Investment grade debt securities, like other types of debt securities, involve credit risk and may be subject to ratings downgrades by the rating agencies in the period between their issuance and maturity. Such downgrades may occur during the period in which the fund invests in these securities and it may be difficult for the fund to dispose of the debt securities that are being downgraded. In the instance of one or more downgrades, below investment grade or otherwise, the fund may continue to hold such securities. Such downgrading may affect the net asset value of the fund.
8. 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.
9. Financial Derivative Instruments
Although the fund will not make extensive use of derivatives for investment purposes or use complex derivatives or strategies to meet the investment objectives of the fund, the use of derivatives may give rise to leverage, liquidity, counterparty and valuations risks at times. In adverse situations, the fund’s use of derivatives may become ineffective and the fund may suffer significant losses.
10. Risks associated with distribution out of capital
- For certain Classes of Shares, dividends may be 1) paid out of gross income while fees/charges may be charged to capital of the fund. This will result in an increase in distributable income for the payment of dividends, and therefore the fund may pay dividend effectively out of capital; or 2) paid directly out of capital where the net income generated by the fund is insufficient to pay a distribution as declared. Investors should note that the payment of dividends directly out of capital and/or effectively out of capital represents a return or withdrawal of part of the amount they originally invested or from any capital gains attributable to the original investment. Such distributions may result in an immediate decrease in the net asset value per Share of the fund. If there is a change to this policy, prior approval will be sought from the SFC and affected investors will receive at least one month’s prior written notification.
- The Net Asset Value of a certain 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.

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