Fidelity Funds - China RMB Bond Fund A-Acc-RMB

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Performance History30/04/2022
Growth of 1,000 (GBP) Advanced Graph
Fidelity Funds - China RMB Bond Fund A-Acc-RMB
Fund4.01.87.33.91.1
+/-Cat0.61.41.10.7-0.3
+/-B’mrk-2.11.4-0.3-2.3-2.1
 
Key Stats
NAV
18/05/2022
 CNY 138.75
Day Change 0.44%
Morningstar Category™ China Bond
ISIN LU0715234463
Fund Size (Mil)
30/04/2022
 CNY 3966.53
Share Class Size (Mil)
18/05/2022
 CNY 1027.52
Max Initial Charge 3.50%
Ongoing Charge
04/02/2022
  1.09%
Morningstar Research
Analyst Report

Fidelity China RMB Bond is a flexible China bond strategy that is managed by a budding lead manager. However, his track record here remains relatively short and combined with ongoing enhancements in the investment process, this strategy continues...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
PeopleAverage
ParentAbove Average
ProcessAverage
Performance
Price
Investment Objective: Fidelity Funds - China RMB Bond Fund A-Acc-RMB
The fund aims to achieve income and capital appreciation via exposure to RMB denominated debt, money market securities and cash and/or cash equivalents (including, inter alia, time deposits). The fund will primarily invest, directly and/or indirectly, in investment grade securities denominated in RMB, investment grade securities of issuers that have their principal business activities in the Asia Pacific region, securities denominated in RMB of investment grade issuers or in securities of investment grade issuers that have their principal business activities in the Asia Pacific region. This region includes certain countries considered to be emerging markets. Exposure to non-RMB denominated debt securities may be hedged in order to seek to maintain the currency exposure in RMB. The fund may invest its net assets directly in onshore China fixed income securities listed or traded on any Eligible Market in China. The fund is actively managed without reference to an index.
Returns
Trailing Returns (GBP)18/05/2022
YTD-0.61
3 Years Annualised3.07
5 Years Annualised4.08
10 Years Annualised4.91
12 Month Yield 0.00
Management
Manager Name
Start Date
Morgan Lau
01/07/2020
Terrence Pang
01/07/2020
Click here to see others
Inception Date
08/12/2011
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Category Benchmark
Fund BenchmarkMorningstar Benchmark
Not BenchmarkedMarkit iBoxx ALBI China Offshore TR CNH
Target Market
Role In Portfolio
Standalone / CoreNot Specific
ComponentNot Specific
OtherNot Specific
Primary Objective
PreservationNot Specific
GrowthYes
IncomeYes
HedgingNot Specific
OtherNot Specific
Portfolio Profile for  Fidelity Funds - China RMB Bond Fund A-Acc-RMB31/03/2022
Fixed Income
Effective Maturity8.07
Effective Duration4.40
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond89.130.0089.13
Property0.000.000.00
Cash45.0541.253.80
Other7.060.007.06

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In order to provide consistency across the report data provided by different Asset Managers, the calculated data points presented are generated using Morningstar’s proprietary calculation methodology which is set out in more detail at(https://www.morningstar.com/research/signature)