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Fidelity Funds - Asian Bond Fund

Asia USD investment grade bonds covering government and corporate issues. Active strategy.

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About the Fund

Data as of

Fidelity International Ltd (FIL) is the international business arm of Fidelity Investments, a privately owned US-origin asset manager founded in 1946 and is one of the largest globally with over US$16tn of AUM across a wide range of services and products. FIL on its own manages over US$1tn of assets with long-only mutual funds being the core business.

The Fidelity Asian Bond Fund is an actively managed bond strategy that aims to achieve capital growth over time and provide income, by investing primarily in Asian USD investment grade sovereign and corporate bonds, with no maturity constraints. The fund can invest in hybrids and contingent convertible bonds (max 30%) and distressed securities (max 10%) though typically has minimal actual exposures in these. The fund uses in-house research and investment capabilities to identify suitable opportunities across issuers, sectors, geographies and security types. This may include an assessment of bond issuers’ creditworthiness, macroeconomic factors, and valuations. The fund has a portfolio of >400 holdings.

Performance

Price Performance – Maximum Period

The FairHorizon Context

Investment-Time-Horizon in years

0 - 22 - 44 - 7 7 - 1010 - 1515+
Expected long-term return
2 - 4% p.a.
Expected volatility
3 - 5% p.a.

Building Block Returns

Fidelity Funds - Asian Bond Fund

Ann. return (3-year):
4.18%
Ann. return (5-year):
0.33%
Ann. return (10-year):
2.28%
Ann. Standard Deviation (5-year):
7.71%

This fund provides an active approach to invest in the broad Asian USD investment grade bond market across both sovereign and corporate issues.

Benchmark Returns

iShares J.P. Morgan USD Asia Credit Bond Index ETF

Ann. return (3-year):
6.84%
Ann. return (5-year):
1.92%
Ann. return (10-year):
3.31%
Ann. Standard Deviation (5-year):
6.88%
Link to the Funds FairSheet

FairHorizon Benchmark Returns

Dimensional Funds PLC - World Allocation 40/60 Fund

Ann. return (3-year):
9.82%
Ann. return (5-year):
4.98%
Ann. return (10-year):
—
Ann. Standard Deviation (5-year):
6.84%
Link to the Funds FairSheet

The Dimensional World Allocation 40/60 Fund is our FAIRHORIZON Green reference benchmark solution that has 40% global developed equities and 60% global investment grade short-to-medium maturity bonds for global moderate risk bonds-like returns and volatility.

SHARING OUR PASSION FOR INVESTMENTS FAIRSHEET™  Fidelity Funds - Asian Bond Fund  Page 1/2

Why we prefer this fund

Relevance of strategy

This fund provides an active approach to invest in the broad Asian USD investment grade bond market across both sovereign and corporate issues.

Historical maximum drawdown & recovery time

Max drawdown (since inception)
-25.18%
Recovery Period
— (still in drawdown)

Diversification

Credit Rating

  • Aaa1.25%
  • Aa12.21%
  • A20.96%
  • Baa43.60%
  • Ba3.14%
  • B0.68%
  • Caa0.43%
  • Others17.74%

Sectors

  • Government-Related52.08%
  • Corporate46.16%
  • Others1.77%

Geography

  • Indonesia18.01%
  • South Korea17.84%
  • Cayman Islands9.85%
  • Hong Kong7.53%
  • British Virgin Islands7.36%
  • Philippines6.85%
  • Singapore5.73%
  • India5.32%
  • Malaysia4.61%
  • China3.36%
  • United Kingdom2.59%
  • Others10.95%