Fidelity (Onshore) Emerging Markets Class W Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/03/19 to 31/03/20 |
31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
|
|---|---|---|---|---|---|
| Fund | -10.2% | 59.0% | -15.5% | -11.3% | 7.8% |
| Sector | -15.4% | 46.8% | -8.7% | -4.4% | 6.0% |
| Rank | 25/128 | 35/137 | 115/148 | 138/157 | 66/164 |
| Quartile | 1 | 1 | 4 | 4 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | -6.9% | 2.9% | 6.3% | |
| Sector | -2.5% | 2.8% | 5.4% | |
| Rank | 118/148 | 60/128 | 32/91 | |
| Quartile | 4 | 2 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 9.97 |
| SAMSUNG ELECTRONICS CO. LTD | 4.85 |
| JOINT STOCK COMPANY KASPI.KZ | 4.61 |
| NASPERS | 3.77 |
| NU HOLDINGS | 3.67 |
| AIA GROUP LIMITED | 3.26 |
| PT. BANK CENTRAL ASIA TBK | 3.19 |
| ICICI BANK LIMITED | 3.16 |
| GRUPO MEXICO SAB DE CV | 3.03 |
| MAKEMYTRIP LTD | 2.97 |
| Total | 42.48 |
Fund Aims
Aims to provide long-term capital growth with the level of income expected to be low.Invests primarily in company shares in countries experiencing rapid economic growth including those in Africa, the Indian sub-continent, Latin America, South East Asia, Europe and the Middle East.
Fund Manager
TBC
Nick received a Bachelor in Commerce & Accounting from the University of Natal, he is a member of the South African Institute of Chartered Accountants and is a CFA Charterholder. Prior to joining Fidelity, Nick worked as a Senior Auditor for Price Waterhouse in South Africa, as a Project Accountant for JP Morgan in London and as a Foreign Exchange Product Accountant for Daiwa Europe Bank. Nick has ten years of investment experience having joined Fidelity in 1998; he was a Pan European Research Analyst between 1998 and 2004 before becoming an Assistant Portfolio Manager in September 2004. He progressed to Portfolio Manager in November 2005 taking control of the Internal EMEA mandate and became Portfolio Manager for Fidelity Fund's Emerging Europe, Middle East and Africa Fund in June 2007.
Fund Overview
| Mid (26/04/2024) | 175.50p |
| Historic yield | - |
| Fund size (29/02/2024) | £1538.28m |
| Number of holdings | 167 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.95% |
| Launch date | 15/05/2013 |
Asset Allocation
| International Equities | 99.79% | |
| Alternative Trading Strategies | 0.07% | |
| Cash and Equivalents | -0.39% | |
| Other Assets | 0.53% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 99.79% | |
| Alternative Trading Strategies | 0.07% | |
| Cash and Equivalents | -0.39% | |
| Other Assets | 0.53% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 33.58% | - | - | - | |
| Banks | - | 24.08% | - | - | |
| Banks | - | - | 24.08% | - | |
| Banks | - | - | - | 24.08% | |
| Financial Services | - | 6.24% | - | - | |
| Finance & Credit Services | - | - | 3.67% | - | |
| Consumer Lending | - | - | - | 3.67% | |
| Investment Banking & Brokerage Services | - | - | 2.57% | - | |
| Diversified Financial Services | - | - | - | 1.79% | |
| Investment Services | - | - | - | 0.56% | |
| Asset Managers & Custodians | - | - | - | 0.21% | |
| Insurance | - | 3.26% | - | - | |
| Life Insurance | - | - | 3.26% | - | |
| Life Insurance | - | - | - | 3.26% | |
| Technology | 26.03% | - | - | - | |
| Technology | - | 26.03% | - | - | |
| Technology Hardware & Equipment | - | - | 17.82% | - | |
| Semiconductors | - | - | - | 15.33% | |
| Computer Hardware | - | - | - | 1.29% | |
| Production Technology Equipment | - | - | - | 1.20% | |
| Software & Computer Services | - | - | 8.21% | - | |
| Computer Services | - | - | - | 4.33% | |
| Consumer Digital Services | - | - | - | 3.88% | |
| Consumer Discretionary | 19.19% | - | - | - | |
| Consumer Products & Services | - | 9.50% | - | - | |
| Personal Goods | - | - | 3.52% | - | |
| Clothing & Accessories | - | - | - | 3.52% | |
| Consumer Services | - | - | 2.51% | - | |
| Consumer Services: Misc. | - | - | - | 1.62% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.89% | |
| Leisure Goods | - | - | 2.49% | - | |
| Recreational Vehicles & Boats | - | - | - | 1.38% | |
| Electronic Entertainment | - | - | - | 1.11% | |
| Household Goods & Home Construction | - | - | 0.98% | - | |
| Household Appliance | - | - | - | 0.98% | |
| Retail | - | 4.45% | - | - | |
| Retailers | - | - | 4.45% | - | |
| Diversified Retailers | - | - | - | 4.04% | |
| Specialty Retailers | - | - | - | 0.41% | |
| Travel & Leisure | - | 4.05% | - | - | |
| Travel & Leisure | - | - | 4.05% | - | |
| Travel & Tourism | - | - | - | 2.97% | |
| Restaurants & Bars | - | - | - | 1.07% | |
| Automobiles & Parts | - | 1.20% | - | - | |
| Automobiles & Parts | - | - | 1.20% | - | |
| Automobiles | - | - | - | 1.20% | |
| Consumer Staples | 6.08% | - | - | - | |
| Food, Beverage & Tobacco | - | 4.17% | - | - | |
| Food Producers | - | - | 4.17% | - | |
| Food Products | - | - | - | 4.17% | |
| Personal Care, Drug & Grocery Stores | - | 1.92% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.92% | - | |
| Food Retailers & Wholesalers | - | - | - | 1.92% | |
| Telecommunications | 4.85% | - | - | - | |
| Telecommunications | - | 4.85% | - | - | |
| Telecommunications Equipment | - | - | 4.85% | - | |
| Telecommunications Equipment | - | - | - | 4.85% | |
| Industrials | 3.82% | - | - | - | |
| Industrial Goods & Services | - | 3.82% | - | - | |
| Industrial Transportation | - | - | 3.09% | - | |
| Transportation Services | - | - | - | 1.95% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 1.14% | |
| Industrial Engineering | - | - | 0.73% | - | |
| Machinery: Tools | - | - | - | 0.73% | |
| Basic Materials | 3.67% | - | - | - | |
| Basic Resources | - | 3.49% | - | - | |
| Industrial Metals & Mining | - | - | 3.49% | - | |
| Nonferrous Metals | - | - | - | 3.03% | |
| Copper | - | - | - | 0.46% | |
| Iron & Steel | - | - | - | 0.00% | |
| Chemicals | - | 0.18% | - | - | |
| Chemicals | - | - | 0.18% | - | |
| Specialty Chemicals | - | - | - | 0.18% | |
| Fertilizers | - | - | - | 0.00% | |
| Energy | 1.59% | - | - | - | |
| Energy | - | 1.59% | - | - | |
| Non-Renewable Energy | - | - | 1.59% | - | |
| Integrated Oil & Gas | - | - | - | 1.27% | |
| Oil: Crude Producers | - | - | - | 0.31% | |
| Health Care | 0.98% | - | - | - | |
| Health Care | - | 0.98% | - | - | |
| Health Care Providers | - | - | 0.98% | - | |
| Health Care Facilities | - | - | - | 0.98% | |
| Non-Classified | 0.54% | - | - | - | |
| Alternative Trading Strategies | 0.07% | - | - | - | |
| Alternative Trading Strategies | - | 0.07% | - | - | |
| Alternative Trading Strategies | - | - | 0.07% | - | |
| Alternative Trading Strategies | - | - | - | 0.07% | |
| Cash and Equivalents | -0.39% | - | - | - | |
Regional Allocation
| Emerging Asia | 56.26% | |
| North America | 13.38% | |
| South & Central America | 9.27% | |
| Middle East & Africa | 6.10% | |
| Developed Europe - Excl UK | 5.94% | |
| Developed Asia | 5.13% | |
| Emerging Europe | 2.92% | |
| Non-Classified | 1.38% | |
| Cash and Equivalents | -0.39% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 99.84% | |
| US Dollar | 0.08% | |
| Cash | 0.08% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Emerging Asia | 56.26% | - | |
India
|
- | 18.06% | |
Taiwan
|
- | 14.18% | |
China
|
- | 7.08% | |
South Korea
|
- | 6.99% | |
Indonesia
|
- | 5.34% | |
Kazakhstan
|
- | 4.61% | |
| North America | 13.38% | - | |
United States
|
- | 12.92% | |
Canada
|
- | 0.46% | |
| South & Central America | 9.27% | - | |
Mexico
|
- | 5.71% | |
Brazil
|
- | 3.56% | |
| Middle East & Africa | 6.10% | - | |
South Africa
|
- | 6.10% | |
| Developed Europe - Excl UK | 5.94% | - | |
Luxembourg
|
- | 2.52% | |
Netherlands
|
- | 1.31% | |
France
|
- | 0.96% | |
Portugal
|
- | 0.84% | |
Austria
|
- | 0.32% | |
| Developed Asia | 5.13% | - | |
Hong Kong
|
- | 4.00% | |
Singapore
|
- | 1.14% | |
| Emerging Europe | 2.92% | - | |
Greece
|
- | 1.55% | |
Hungary
|
- | 1.37% | |
Russian Federation
|
- | 0.00% | |
| Non-Classified | 1.38% | - | |
| Cash and Equivalents | -0.39% | - | |
Breakdown By Market Cap (%)
| Mega |
|
48.69% |
| Large |
|
18.69% |
| Medium |
|
12.69% |
| Micro |
|
0.18% |
| Non-Classified |
|
20.14% |
| Cash |
|
-0.39% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 9.97% | Technology Hardware & Equipment | Taiwan |
| 2 | SAMSUNG ELECTRONICS CO. LTD | 4.85% | Telecommunications Equipment | South Korea |
| 3 | JOINT STOCK COMPANY KASPI.KZ | 4.61% | Banks | Kazakhstan |
| 4 | NASPERS | 3.77% | Software & Computer Services | South Africa |
| 5 | NU HOLDINGS | 3.67% | Finance & Credit Services | United States |
| 6 | AIA GROUP LIMITED | 3.26% | Life Insurance | Hong Kong |
| 7 | PT. BANK CENTRAL ASIA TBK | 3.19% | Banks | Indonesia |
| 8 | ICICI BANK LIMITED | 3.16% | Banks | India |
| 9 | GRUPO MEXICO SAB DE CV | 3.03% | Industrial Metals & Mining | Mexico |
| 10 | MAKEMYTRIP LTD | 2.97% | Travel & Leisure | United States |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 26.03% | - | - | - | - | - | - | 26.03% |
| Telecommunications | - | 4.85% | - | - | - | - | - | - | 4.85% |
| Financials | - | 33.58% | - | - | - | - | - | - | 33.58% |
| Consumer Discretionary | - | 19.19% | - | - | - | - | - | - | 19.19% |
| Consumer Staples | - | 6.08% | - | - | - | - | - | - | 6.08% |
| Energy | - | 1.59% | - | - | - | - | - | - | 1.59% |
| Health Care | - | 0.98% | - | - | - | - | - | - | 0.98% |
| Industrials | - | 3.82% | - | - | - | - | - | - | 3.82% |
| Basic Materials | - | 3.67% | - | - | - | - | - | - | 3.67% |
| Cash and Equivalents | - | - | - | - | - | - | - | -0.39% | -0.39% |
| Non-Classified | - | - | - | - | - | - | 0.60% | - | 0.60% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B9SMK77 |
| Mex Code | FILEMS |
| Isin Code | GB00B9SMK778 |
| Citi Code | JAZJ |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.95% |
Aims and Benchmark
| Aims | Aims to provide long-term capital growth with the level of income expected to be low.Invests primarily in company shares in countries experiencing rapid economic growth including those in Africa, the Indian sub-continent, Latin America, South East Asia, Europe and the Middle East. |
| Benchmark | MSCI Emerging Markets (NUK) |
| Benchmark Category | - |
| IA Sector | Global Emerging Markets |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | No income |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 July | 31 August |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | J.P. Morgan Trustee and Depositary Company Limited |
| Fund Administrator | Internal |
| Fund Registrar | Internal |
| Fund Custodian | J.P. Morgan Trustee and Depositary Company Limited |
Group Details
| Group name | Fidelity International (Onshore) |
| Group address | Oakhill House 130 Tonbridge Road Hildenborougha Kent TN11 9DZ |
| Group telephone | 0800 41 41 81 |
| Dealing telephone | 0800 41 41 81 |
| brokerline@uk.fid-intl.com | |
| Homepage | www.fidelity.co.uk |
| Fax number | 0800 783 9646 |
Dealing
| Minimum Investment | - |
| Minimum Top Up | - |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 2 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -4.46 |
| Beta | 1.02 |
| Sharpe | -0.01 |
| Standard Deviation | 13.62 |
| Info Ratio | -1.01 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | Yes |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | Yes |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Emerging Markets
The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Umbrella Liabilities
If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.