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.

Non-dealing Hours

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

14:00

-

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
-0.57%
3 mth
-1.70%
6 mth
-0.30%
1 yr
+12.55%
3 yr
+19.72%
5 yr
+21.45%

Analytical Figures (3 years)

Annualized Return
+6.18%
Annualized Volatility
+7.38%
Sharpe Ratio
+0.69

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 2021-03-30)
USD 3,513,014,861.253
Management Fee
0.75%
Latest Dividend
USD 0.032900 (2021-03-31)

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

14:00

-

Dividend Records

Dividend DateDividend Records (USD)
2021-03-310.032900
2021-02-280.022400
2021-01-310.021900
2021-01-030.023900
2020-11-300.020500
2020-11-010.025200
2020-09-300.025900
2020-08-310.024800
2020-08-020.029400
2020-06-300.031500
2020-05-310.030200
2020-04-300.030200
2020-03-310.029500
2020-03-010.024000
2020-02-020.027000
2020-01-010.029400
2019-12-010.025800
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 appreciation by investing primarily (i.e. at least 70% of the fund's assets) in investment grade fixed income securities of issuers that have 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. 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. 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.
9. 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.
10. 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.
11. 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.
12. 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.