• This fund invests primarily in Asian high yield bonds.
  • The fund is subject to investment, emerging markets, foreign currency, credit rating and RMB currency risk, the risks of investing in securitised or structured debt instruments and mortgages-related securities. 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 may invest in onshore China fixed income securities directly through the Qualified Foreign Institutional Investor (“QFII”) scheme and may incur losses due to limited investment opportunities, illiquidity of the onshore China fixed income securities, and/or delay or disruption in execution of trades or in settlement of trades. The fund may invest in equity linked notes which may subject to the default risk of the structurer of the note. The fund may invest in credit linked notes which may subject to the default risk of the structurer of the note.
  • This fund can invest in derivative instruments which may involve additional risks (For example, leverage may cause greater volatility).
  • Dividend of certain share classes, at the Board’s discretion, may be 1) paid out of gross income, i.e. 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 (For MCDIST share class, payment will be made out of capital). This will represent a return or withdrawal of part of the amount they originally invested or from any capital gains attributable to the original investment. This may result in an immediate decrease in the fund’s NAV per share.
  • 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 - Asian High Yield Fund A-MDIST-USD

0.04%
0.003
  • Price date: 27/04/2017
  • Morningstar rating: 4 out of 5 stars
  • Risk rating+: 3

Performance & NAV

Annual performance Total return (%)

<span>Annual performance</span> Total return (%)
2016201520142013201220112010200920082007
13.511.493.532.6320.11-7.5918.9973.89-40.74-1.55#

Morningstar benchmark (%)

Morningstar benchmark (%)
2016201520142013201220112010200920082007
11.742.399.16-3.81------

Cumulative return Fund (%)

<span>Cumulative return</span> Fund (%)
YTD6 mths1 yr3 yrs5 yrsSince Launch
3.383.7513.6522.4640.6269.58

Morningstar category (%)

Morningstar category (%)
YTD6 mths1 yr3 yrs5 yrsSince Launch
4.092.9810.8919.0235.34-

Morningstar benchmark (%)

Morningstar benchmark (%)
YTD6 mths1 yr3 yrs5 yrsSince Launch
4.142.0411.2126.05--

As of 31/03/2017, based on latest unit NAV of most recent calendar month.

Fund details

Investment objective

This fund seeks a high level of current income and capital appreciation by investing primarily in highyielding 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 fund will suit those investors seeking high income and capital appreciation and who are prepared to accept the risks associated with this type of investment. The type of debt securities in which the fund will primarily invest will be subject to high risk and will not be required to meet a minimum rating standard. Not all securities will be rated for creditworthiness by an internationally recognized rating agency. The fund may invest its net assets directly in onshore China fixed income securities listed or traded on exchanges in China. Portfolio Information: Such onshore China fixed income securities are listed or traded on exchanges in China such as the Shanghai and Shenzhen Stock Exchange, and are issued by a variety of issuers such as government, quasi-government, banks, financial institutions or other corporate entities established or incorporated in China or corporate entities whose commercial activities are mainly carried out in China.

About this fund
Fund details as of31 Mar 2017
Denominated currencyUSD
Fund launch date02 Apr 2007
Class launch date02 Apr 2007
Class launch price10.00 USD
Fund size3,392.25 million
IndexBofAML Asian Dollar Corporate HY TR USD X 100%
Morningstar BenchMarkMarkit iBoxx Asian USD High Yield Bond TR USD
Morningstar CategoryAsia High Yield Bond
Unique Identifiers
ISIN
LU0286669428
Bloomberg ticker
FFASIAM LX
PhoneXpress code
1152
Fund manager
Fund manager
(Start date)
Bryan Collins
(01 Oct 2009)
Fund Fees
Sale ChargesUp to 3.50%
Annual management feeUp to 1.00%

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

Volatility Measures
R-Squared
0.96
Beta
0.97
Alpha
-1.23
3 years standard deviation

As of  31/03/2017

5.23%
Risk rating

As of  28/02/2017

3

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.

+

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.

#

Since launch date to the end of launch year.

^

Source: Fidelity.

^^

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