Evidence and analysis
- Share-class currency
- USD
- ISIN
- LU0251131958
- Hedging status
- Not inferred from currency; consult the exact share-class factsheet.
The fund's base currency, shown in the prospectus description below, can differ from this share class's dealing currency. All benchmark comparisons above use the stated share-class currency.
Benchmark: S&P 500 Index (Net)
| Period | Fund | Index | Gap (pp) |
|---|---|---|---|
| 1 year | 6.2% | 15.3% | -9.1 |
| 1-year: Underperforming | |||
| 3 years | 29.7% | 83.4% | -53.7 |
| 3-year: Underperforming | |||
Gap = fund minus index in percentage points. Returns are cumulative, with dividends reinvested, in the share class currency. Includes ongoing charges; excludes entry/exit fees. Based on Fidelity's rounded comparison table. A negative gap indicates underperformance for that period.
The Fidelity Funds - America Fund A-ACC-USD page has been refreshed from Fidelity Funds’ April 2026 Hong Kong Extract Prospectus. The PDF fund description is for America Fund.
Investment Objective
The fund aims to achieve capital growth over time.
Investment Policy
The fund invests at least 70% (and normally 75%) of its assets, in equities of companies that are listed, headquartered, or do most of their business in the US. The fund may also invest in money market instruments on an ancillary basis.
Investment Process
In actively managing the fund, the Investment Manager considers growth and valuation metrics, company financials, return on capital, cash flows and other measures, as well as company management, industry, economic conditions, and other factors. The Investment Manager considers ESG characteristics when assessing investment risks and opportunities. In determining ESG characteristics, the Investment Manager takes into account ESG ratings provided by Fidelity or external agencies. The fund aims to achieve an ESG score of its portfolio greater than that of its benchmark. Through the investment management process, the Investment Manager aims to ensure that investee companies follow good governance practices. For more information, see Sustainable Investing and ESG Integration and the Sustainability Annex.
SFDR Product Category
Article 8 (promotes environmental and/or social characteristics) ESG Tilt.
Derivatives and Techniques
The fund may use derivatives for hedging and for efficient portfolio management. In addition to core derivatives (see How the Funds Use Instruments and Techniques), the fund intends to use TRS. TRS (including CFD) usage Expected 0%; maximum 5%. Securities lending Expected 15%; maximum 30%. Repos/reverse repos Expected 0%; maximum 30%.
Benchmark
S&P500 Index, a broad market index that does not take into account ESG characteristics. Used for: performance comparison only.
Base Currency
USD.
Main Risks
- Concentration
- Counterparty and collateral
- Currency
- Derivatives
- Equities
- Hedging
- Investment fund
- Liquidity
- Market
- Operational
- Sustainable investing
Risk Management Method
Commitment.
Source
- Fidelity Funds, April 2026 Hong Kong Extract Prospectus:
data/fidelity/pr.ff.HK-en.HK.pdf
Historical AUM (prior source)
$2,861m (as of 30 April 2026, per Fidelity monthly factsheet)
Latest Official Fund Data
| Metric | Current official value |
|---|---|
| NAV (USD) | 40.8700 |
| NAV date | 2026-10-23 |
| Daily NAV change | -0.1400 (-0.3414%) |
| 1-year performance | 6.1897% |
| 3-year performance | 29.6793% |
| Performance date | 2026-09-30 |
| Fund type | Equity Fund |
| ISIN | LU0251131958 |
Source: Fidelity Hong Kong mutual-fund directory, retrieved 2026-10-26. Observation dates are shown separately; performance figures are reproduced from the official directory in the share class currency. Historical risk and return analysis below has not been recalculated by this directory refresh.
Risk & Return Metrics
Sector Allocation
| Sector | Weight |
|---|---|
| Industrials | 19.3% |
| Financial Services | 14.3% |
| Health Care | 12.8% |
| Communication Services | 12.0% |
| Basic Materials | 10.8% |
| Technology | 8.9% |
| Consumer Defensive | 6.5% |
| Energy | 6.3% |
| Consumer Cyclical | 4.6% |
| Utilities | 2.5% |
Portfolio Manager
Rosanna Burcheri, Ashish Bhardwaj
Share class: A-ACC-USD | ISIN: LU0251131958 | Data: yfinance (1048 trading days, annualised at 252 days/year)
| Metric | Daily | Annualised |
|---|---|---|
| Expected Return | 0.0287% | 7.51% |
| Risk (Std Dev) | 0.8815% | 13.99% |
| Metric | Value |
|---|---|
| First NAV | 31.3600 |
| Last NAV | 40.6700 |
| Total Return (period) | 29.69% |