Fidelity (Onshore) Asia 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 | -5.7% | 49.0% | -15.1% | -4.7% | -0.8% |
| Sector | -11.3% | 48.5% | -5.2% | -2.5% | 0.3% |
| Rank | 21/104 | 59/106 | 91/112 | 75/117 | 73/118 |
| Quartile | 1 | 3 | 4 | 3 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | -7.1% | 2.4% | 8.5% | |
| Sector | -2.5% | 4.1% | 7.2% | |
| Rank | 82/112 | 76/104 | 17/81 | |
| Quartile | 3 | 3 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 9.88 |
| SAMSUNG ELECTRONICS CO. LTD | 9.10 |
| AIA GROUP LIMITED | 5.59 |
| TENCENT HOLDINGS LIMITED | 5.29 |
| HDFC BANK LIMITED | 4.89 |
| ICICI BANK LIMITED | 4.07 |
| ALIBABA GROUP HOLDING LIMITED | 3.48 |
| AXIS BANK LIMITED | 3.45 |
| PT. BANK CENTRAL ASIA TBK | 2.66 |
| MEDIATEK | 2.40 |
| Total | 50.82 |
Fund Aims
The Fund's investment objective is to achieve long-term capital growth from a portfolio made up of the shares of companies throughout the Pacific Basin (excluding Japan).
Fund Manager
Teera Chanpongsang joined Fidelity Worldwide Investment, Hong Kong, in 1994 as a research analyst and has covered Thailand, regional banks, and regional telecommunication stocks. In 1998, he was promoted to country Portfolio Manager of FF Thailand Fund, which he managed successfully through to September 2004. Teera managed the FF Global Telecommunications Fund from July 2001 to March 2003 and again from September 2004 to December 2007. In 2004 Teera moved to London as a member of the Global Equity Team. He relocated back to Hong Kong in July 2007, and took on management of a segregated Emerging Asia fund which covers the same investment universe as the FF Emerging Asia Fund. Prior to Fidelity, Teera worked for accountants Coopers & Lybrand and later went on to be General Manager for the Chi Cha Group Company in Thailand. Teera holds an MBA from the University of California at Berkeley, USA and a BAcc (Hons) in Accounting from Chulalongkorn University in Thailand. Teera Chanponsang was named in FE Trustnet's list of Alpha Managers in 2012. The 160 managers on the list, selected from 1100 eligible managers, are rated on their risk-adjusted alpha, distinguishing those who are best able to navigate all phases of the market cycle.
Fund Overview
| Mid (26/04/2024) | 1574.00p |
| Historic yield | - |
| Fund size (31/01/2024) | £2467.74m |
| Number of holdings | 183 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.93% |
| Launch date | 15/10/2012 |
Asset Allocation
| International Equities | 96.46% | |
| Alternative Trading Strategies | 0.14% | |
| Cash and Equivalents | -0.97% | |
| Other Assets | 4.38% |
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 | 96.46% | |
| Alternative Trading Strategies | 0.14% | |
| Cash and Equivalents | -0.97% | |
| Other Assets | 4.38% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 31.75% | - | - | - | |
| Banks | - | 19.62% | - | - | |
| Banks | - | - | 19.62% | - | |
| Banks | - | - | - | 19.62% | |
| Insurance | - | 8.76% | - | - | |
| Life Insurance | - | - | 7.64% | - | |
| Life Insurance | - | - | - | 7.64% | |
| Non-life Insurance | - | - | 1.12% | - | |
| Property & Casualty Insurance | - | - | - | 1.12% | |
| Financial Services | - | 3.37% | - | - | |
| Finance & Credit Services | - | - | 2.28% | - | |
| Consumer Lending | - | - | - | 2.28% | |
| Investment Banking & Brokerage Services | - | - | 1.08% | - | |
| Investment Services | - | - | - | 1.08% | |
| Technology | 28.69% | - | - | - | |
| Technology | - | 28.69% | - | - | |
| Technology Hardware & Equipment | - | - | 17.97% | - | |
| Semiconductors | - | - | - | 14.02% | |
| Electronic Components | - | - | - | 1.82% | |
| Computer Hardware | - | - | - | 1.12% | |
| Production Technology Equipment | - | - | - | 1.02% | |
| Software & Computer Services | - | - | 10.72% | - | |
| Consumer Digital Services | - | - | - | 8.40% | |
| Computer Services | - | - | - | 2.32% | |
| Consumer Discretionary | 13.43% | - | - | - | |
| Retail | - | 4.75% | - | - | |
| Retailers | - | - | 4.75% | - | |
| Diversified Retailers | - | - | - | 4.70% | |
| Specialty Retailers | - | - | - | 0.05% | |
| Consumer Products & Services | - | 3.50% | - | - | |
| Personal Goods | - | - | 1.25% | - | |
| Clothing & Accessories | - | - | - | 1.25% | |
| Leisure Goods | - | - | 1.18% | - | |
| Recreational Vehicles & Boats | - | - | - | 1.18% | |
| Household Goods & Home Construction | - | - | 1.07% | - | |
| Household Appliance | - | - | - | 1.07% | |
| Travel & Leisure | - | 2.64% | - | - | |
| Travel & Leisure | - | - | 2.64% | - | |
| Travel & Tourism | - | - | - | 1.66% | |
| Casinos & Gambling | - | - | - | 0.98% | |
| Automobiles & Parts | - | 2.54% | - | - | |
| Automobiles & Parts | - | - | 2.54% | - | |
| Automobiles | - | - | - | 2.54% | |
| Telecommunications | 11.43% | - | - | - | |
| Telecommunications | - | 11.43% | - | - | |
| Telecommunications Equipment | - | - | 9.79% | - | |
| Telecommunications Equipment | - | - | - | 9.79% | |
| Telecommunications Service Providers | - | - | 1.65% | - | |
| Telecommunications Services | - | - | - | 1.65% | |
| Industrials | 4.84% | - | - | - | |
| Industrial Goods & Services | - | 3.49% | - | - | |
| Industrial Engineering | - | - | 1.66% | - | |
| Machinery: Tools | - | - | - | 0.95% | |
| Machinery: Engines | - | - | - | 0.71% | |
| Electronic & Electrical Equipment | - | - | 1.11% | - | |
| Electronic Equipment: Gauges & Meters | - | - | - | 1.11% | |
| General Industrials | - | - | 0.43% | - | |
| Paints & Coatings | - | - | - | 0.43% | |
| Industrial Transportation | - | - | 0.28% | - | |
| Transportation Services | - | - | - | 0.28% | |
| Construction & Materials | - | 1.35% | - | - | |
| Construction & Materials | - | - | 1.35% | - | |
| Cement | - | - | - | 1.35% | |
| Non-Classified | 4.38% | - | - | - | |
| Consumer Staples | 3.98% | - | - | - | |
| Food, Beverage & Tobacco | - | 3.10% | - | - | |
| Beverages | - | - | 1.98% | - | |
| Distillers & Vintners | - | - | - | 1.98% | |
| Food Producers | - | - | 1.12% | - | |
| Food Products | - | - | - | 1.12% | |
| Personal Care, Drug & Grocery Stores | - | 0.88% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 0.88% | - | |
| Food Retailers & Wholesalers | - | - | - | 0.88% | |
| Health Care | 1.57% | - | - | - | |
| Health Care | - | 1.57% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 1.39% | - | |
| Biotechnology | - | - | - | 1.02% | |
| Pharmaceuticals | - | - | - | 0.37% | |
| Medical Equipment & Services | - | - | 0.10% | - | |
| Medical Equipment | - | - | - | 0.10% | |
| Health Care Providers | - | - | 0.08% | - | |
| Health Care Services | - | - | - | 0.08% | |
| Real Estate | 0.77% | - | - | - | |
| Real Estate | - | 0.77% | - | - | |
| Real Estate Investment & Services | - | - | 0.77% | - | |
| Real Estate Holding and Development | - | - | - | 0.77% | |
| Alternative Trading Strategies | 0.14% | - | - | - | |
| Alternative Trading Strategies | - | 0.14% | - | - | |
| Alternative Trading Strategies | - | - | 0.14% | - | |
| Alternative Trading Strategies | - | - | - | 0.14% | |
| Cash and Equivalents | -0.97% | - | - | - | |
Regional Allocation
| Emerging Asia | 80.95% | |
| Developed Asia | 13.76% | |
| Non-Classified | 5.80% | |
| North America | 0.47% | |
| Cash and Equivalents | -0.97% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 100.71% | |
| US Dollar | 0.04% | |
| Cash | -0.75% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Emerging Asia | 80.95% | - | |
India
|
- | 23.66% | |
China
|
- | 19.68% | |
South Korea
|
- | 15.78% | |
Taiwan
|
- | 14.77% | |
Indonesia
|
- | 6.18% | |
Thailand
|
- | 0.82% | |
Philippines
|
- | 0.06% | |
| Developed Asia | 13.76% | - | |
Hong Kong
|
- | 12.16% | |
Singapore
|
- | 1.60% | |
| Non-Classified | 5.80% | - | |
| North America | 0.47% | - | |
United States
|
- | 0.47% | |
| Cash and Equivalents | -0.97% | - | |
Breakdown By Market Cap (%)
| Mega |
|
72.73% |
| Large |
|
16.40% |
| Medium |
|
2.92% |
| Non-Classified |
|
8.92% |
| Cash |
|
-0.97% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 9.88% | Technology Hardware & Equipment | Taiwan |
| 2 | SAMSUNG ELECTRONICS CO. LTD | 9.10% | Telecommunications Equipment | South Korea |
| 3 | AIA GROUP LIMITED | 5.59% | Life Insurance | Hong Kong |
| 4 | TENCENT HOLDINGS LIMITED | 5.29% | Software & Computer Services | China |
| 5 | HDFC BANK LIMITED | 4.89% | Banks | India |
| 6 | ICICI BANK LIMITED | 4.07% | Banks | India |
| 7 | ALIBABA GROUP HOLDING LIMITED | 3.48% | Retailers | China |
| 8 | AXIS BANK LIMITED | 3.45% | Banks | India |
| 9 | PT. BANK CENTRAL ASIA TBK | 2.66% | Banks | Indonesia |
| 10 | MEDIATEK | 2.40% | Technology Hardware & Equipment | Taiwan |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 28.69% | - | - | - | - | - | - | 28.69% |
| Telecommunications | - | 11.43% | - | - | - | - | - | - | 11.43% |
| Financials | - | 31.75% | - | - | - | - | - | - | 31.75% |
| Real Estate | - | 0.77% | - | - | - | - | - | - | 0.77% |
| Consumer Discretionary | - | 13.43% | - | - | - | - | 0.24% | - | 13.67% |
| Consumer Staples | - | 3.98% | - | - | - | - | - | - | 3.98% |
| Health Care | - | 1.57% | - | - | - | - | - | - | 1.57% |
| Industrials | - | 4.84% | - | - | - | - | - | - | 4.84% |
| Cash and Equivalents | - | - | - | - | - | - | - | -0.97% | -0.97% |
| Non-Classified | - | - | - | - | - | - | 4.27% | - | 4.27% |
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 | B6Y7NF4 |
| Mex Code | - |
| Isin Code | GB00B6Y7NF43 |
| Citi Code | GMUE |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.93% |
Aims and Benchmark
| Aims | The Fund's investment objective is to achieve long-term capital growth from a portfolio made up of the shares of companies throughout the Pacific Basin (excluding Japan). |
| Benchmark | MSCI AC Far East ex Japan (N) Index |
| Benchmark Category | - |
| IA Sector | Asia Pacific Excluding Japan |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £0.25 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 March | 30 April |
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 | £1000 |
| Minimum Top Up | £250 |
| 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 | -4.92 |
| Beta | 1.16 |
| Sharpe | -0.02 |
| Standard Deviation | 15.95 |
| Info Ratio | -1.02 |
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 | Yes |
| 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.
Derivative Exposure
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
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.