Evidence and analysis
- Share-class currency
- USD
- ISIN
- LU1313547892
- 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: No index published by Fidelity
| Period | Fund | Index | Gap (pp) |
|---|---|---|---|
| 1 year | 0.1% | Not reported | — |
| 1-year: Unavailable | |||
| 3 years | 18.9% | Not reported | — |
| 3-year: Unavailable | |||
Fidelity does not publish a comparable index return here; underperformance cannot be assessed.
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 - Asia Pacific Strategic Income Fund A-ACC-USD page has been refreshed from Fidelity Funds’ April 2026 Hong Kong Extract Prospectus. The PDF fund description is for Asia Pacific Strategic Income Fund.
Investment Objective
The fund aims to achieve capital growth over time and provide income.
Investment Policy
The fund invests at least 70% of its assets, in investment grade debt securities of issuers that are headquartered, or do most of their business in Asia Pacific, including emerging markets. The fund may also invest in money market instruments on an ancillary basis. The fund may invest in the following assets according to the percentages indicated: Asia Pacific local currency bonds: up to 80% below investment grade bonds: up to 30% hybrids and contingent convertible (CoCo) bonds: less than 30%, with CoCos less than 20% Listed China onshore bonds including urban investment bonds, asset-backed securities and below investment grade, or unrated bonds (directly and/or indirectly): up to 50% (in aggregate) China offshore bonds (including dim sum bonds): up to 50% emerging market bonds: up to 100%. The fund may also invest in other subordinated financial debt and preference shares. The funds exposure to distressed securities is limited to 10% of its assets.
Investment Process
In actively managing the fund, the Investment Manager uses in-house research and investment capabilities to identify suitable opportunities across bond issuers, sectors, geographies, and security types. This may include an assessment of bond issuers cred itworthiness, macroeconomic factors, and valuations. The fund will actively allocate among below investment grade and emerging market bonds. The Investment Manager takes into account Sustainability Risks in its investment process. For more information, see Sustainable Investing and ESG Integration.
Derivatives and Techniques
The fund may use derivatives for hedging, efficient portfolio management and investment purposes. In addition to core derivatives (see How the Funds Use Instruments and Techniques), the fund intends to use TRS. TRS (including CFD) usage Expected 10%; maximum 50%. Securities lending Expected 15%; maximum 30%. Repos/reverse repos Expected 0%; maximum 30%.
Benchmark
None.
Base Currency
USD.
Main Risks
- China
- CoCo bonds
- Concentration
- Convertible securities
- Counterparty and collateral
- Credit
- Currency
- Derivatives
- Distressed securities
- Emerging markets
- Hedging
- High yield
- Interest rate
- Investment fund
- Liquidity
- Market
- Operational
Risk Management Method
Commitment.
Source
- Fidelity Funds, April 2026 Hong Kong Extract Prospectus:
data/fidelity/pr.ff.HK-en.HK.pdf
Latest Official Fund Data
| Metric | Current official value |
|---|---|
| NAV (USD) | 11.3452 |
| NAV date | 2026-10-23 |
| Daily NAV change | 0.0027 (0.0238%) |
| 1-year performance | 0.1491% |
| 3-year performance | 18.9352% |
| Performance date | 2026-09-30 |
| Fund type | Bond Fund |
| ISIN | LU1313547892 |
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 |
|---|---|
| Energy | 81.5% |
| Basic Materials | 17.0% |
| Consumer Cyclical | 1.5% |
Portfolio Manager
Terrence Pang, Tae Ho Ryu
Share class: A-ACC-USD | ISIN: LU1313547892 | Data: yfinance (1048 trading days, annualised at 252 days/year)
| Metric | Daily | Annualised |
|---|---|---|
| Expected Return | 0.0086% | 2.19% |
| Risk (Std Dev) | 0.3229% | 5.13% |
| Metric | Value |
|---|---|
| First NAV | 10.5682 |
| Last NAV | 11.5009 |
| Total Return (period) | 8.83% |