• This fund invests primarily in a range of global asset classes.
  • The fund is subject to investment, equities, commodities, foreign currency, sovereign debt and credit rating risk, risks of investing in emerging markets, risks of investing in Real Estate Investment Trusts (“REIT”) and risks associated with the use of Systematic Multi Asset Risk Targeted (SMART) model. The fund may invest in equity linked notes which may subject to the default risk of the structurer of the note. The fund’s investments in real estate securities are subject to substantially the same risks as direct investments in real estate. This fund may invest in bonds or debt securities which may be subject to credit, liquidity, counterparty and market risks. The fund will invest in non-investment grade bonds and unrated securities which may be subject to greater credit and liquidity risks, and may be more volatile than higher rated securities. The fund will invest in investment grade debt securities, which may be subject to ratings downgrades by the rating agencies that may affect the net asset value of the fund.
  • This fund may make extensive use of derivatives or use complex derivatives which may involve liquidity risk, counterparty risk, volatility risk, valuation risk, over-the-counter transaction risk and high leverage risk.
  • Investors may suffer substantial loss of their investments in the fund. Investor should not invest in the fund solely based on the information provided in this document and should read the prospectus (including potential risks involved) for details.

Fidelity Funds - SMART Global Moderate Fund A-USD^^

0.16%
0.04
  • Price date: 23/03/2017
  • Morningstar rating: -
  • Risk rating+: 3
  • Only for clients who undergone training on derivatives products.

Performance & NAV

Annual performance Total return (%)

<span>Annual performance</span> Total return (%)
2016201520142013201220112010200920082007
0.21-0.705.3228.0713.92-10.3711.7833.84-44.6711.58

Morningstar benchmark (%)

Morningstar benchmark (%)
2016201520142013201220112010200920082007
4.56-5.181.1515.4614.99-3.134.0022.29-22.1012.05

Cumulative return Fund (%)

<span>Cumulative return</span> Fund (%)
YTD6 mths1 yr3 yrs5 yrsSince Launch
2.701.9010.025.1540.74147.00

Morningstar category (%)

Morningstar category (%)
YTD6 mths1 yr3 yrs5 yrsSince Launch
2.76-0.796.34-14.56-2.56-

Morningstar benchmark (%)

Morningstar benchmark (%)
YTD6 mths1 yr3 yrs5 yrsSince Launch
2.940.239.891.4525.89-

As of 28/02/2017, based on latest unit NAV of most recent calendar month.

Fund details

Investment objective

The fund aims to provide moderate long term capital growth by investing in a range of global asset classes. The fund will actively allocate to, and within, different asset classes and geographies based on their potential to generate moderate capital growth or reduce risk or volatility within the overall portfolio. The main asset classes in which the fund will invest include global government bonds, global inflation linked bonds, global corporate bonds including investment grade bonds, global high yield bonds, emerging market bonds and global equities. The fund may invest directly and/or indirectly (including through the use of financial derivative instruments) up to 90% of its assets in equities and up to 90% of its assets in global government bonds, global corporate, inflation linked bonds and emerging market bonds which may comprise global high yield up to 30% of the fund’s assets and up to 10% in hybrid bonds (‘Hybrids’), that is, debt securities with equity-like features. The Fund may also seek exposure up to 30% of its assets in infrastructure securities, commodities and real estate investment trusts (REITS). The fund aims to manage the long term average volatility, under normal market conditions, within a range of 6 to 8% per annum. This volatility range is however not guaranteed. The fund may also invest in UCITS and UCIs.

About this fund
Fund details as of28 Feb 2017
Denominated currencyUSD
Fund launch date31 Dec 1997
Class launch date31 Dec 1997
Class launch price10.00 USD
Fund size264.52 million
IndexNot Benchmarked X 100%
Morningstar BenchMarkCat 50%Barclays Euro Agg TR&50%FTSE Wld TR
Morningstar CategoryEUR Flexible Allocation - Global
Unique Identifiers
ISIN
LU0080751232
Bloomberg ticker
FIDGGFI LX
PhoneXpress code
1062
Fund manager
Fund manager
(Start date)
Eugene Philalithis
(30 Jun 2016)
Fund Fees
Sale ChargesUp to 5.25%
Annual management feeUp to 1.25%

There are other fees and charges for the fund and please refer to the prospectus for details.

Volatility Measures
R-Squared
-
Beta
-
Alpha
-
3 years standard deviation

As of  28/02/2017

10.23%
Risk rating

As of  31/08/2016

3
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Data Source: Morningstar Asia Limited. All fund prices quoted are calculated as at the latest valuation date and are for indication only. The Morningstar sourced information is provided to investor(s) for reference purposes only.

Past performance information is not indicative of future performance. Investors may not get back the full amount invested. Calculation of performance is based on the NAV-to-NAV for the stated period, with dividend reinvested, in denominated currency. These figures show by how much the share class increased or decreased in value during the stated period. Where no past performance is shown there was insufficient data available in that period to calculate performance.

Performance has been calculated in the “Denominated currency” set out in the “About this fund” section in the “Fund details” tab, including ongoing charges and excluding subscription fee and redemption fee you may have to pay.

Payments of dividends out of capital will only be made to seek to maintain a stable payment per share but the payment per share is not fixed. Dividend yield of the fund does not represent the return of the fund, and past dividend yield does not represent future dividend yield. The dividends are not guaranteed.

As part of the investor protection requirements from the Securities and Futures Commission, only clients that have undergone training on derivatives products can buy this fund. Fidelity Personal Investment account holders can log in to Fidelity Online to complete a short course on derivatives.

+

Fund risk ratings shown are calculated based on information as of #{hkweb.fundDetailService.getMaxRetailFundsRiskLevelAsOfDate}. Risk ratings are 1 = Low risk, 2 = Low to Medium risk, 3 = Medium risk, 4 = Medium to High risk, 5 = High risk. Fund risk ratings are generally reviewed on a semi-annual basis.

For more details on Fund risk ratings and its calculation methodology, please refer to the overview.

The fund risk rating is sourced from a methodology developed by Morningstar Investment Management Asia Limited and its affiliates. The fund risk rating is provided to investor(s) for reference purposes only.

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Source: Fidelity.

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The name of the fund is not indicative of the fund’s performance and return.