Evidence and analysis
- Share-class currency
- HKD
- ISIN
- LU2242650005
- 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: 75% MSCI ACWI Index (Net); 25% Bloomberg Global Aggregate Index Hedged to USD
| Period | Fund | Index | Gap (pp) |
|---|---|---|---|
| 1 year | 20.3% | 13.3% | +7.0 |
| 1-year: Outperforming | |||
| 3 years | 62.7% | 61.4% | +1.3 |
| 3-year: Outperforming | |||
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 - Global Multi Asset Dynamic Fund A-ACC-HKD page has been refreshed from Fidelity Funds’ April 2026 Hong Kong Extract Prospectus. The PDF fund description is for Global Multi Asset Dynamic Fund.
Investment Objective
The fund aims to achieve capital growth over the long term.
Investment Policy
The fund invests in a range of asset classes including equities, corporate and government bonds, commodities, money market instruments and REIT s f rom anywhere i n the world, including emerging markets. The fund may invest in the following assets according to the percentages indicated: bonds of any type: up to 100% investment grade bonds: up to 50% below investment grade and unrated bonds: up to 75% emerging markets bonds: up to 75% emerging markets equities: up to 75% equities: up to 100% Russian securities: up to 15% eligible commodity exposure: up to 50% China A and B shares and listed onshore bonds (directly and/or indirectly): less than 30% (in aggregate) REIT s: up to 30% hybrids and contingent convertible (CoCo) bonds: less than 30%, with less than 20% in CoCos SPACs: less than 5% The fund may also i nvest 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 will tactically allocate investments across asset classes and geographic areas (including emerging markets) based on their potential to generate capital growth or reduce overall risk. 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 50%; maximum 150%. Securities lending Expected 15%; maximum 30%. Repos/reverse repos Expected 0%; maximum 30%.
Benchmark
75% MSCI ACWI Index; 25% Bloomberg Global Aggregate Index, indices that do not take into account ESG characteristics. Used for: performance comparison only.
Base Currency
USD.
Main Risks
- Asset allocation
- China
- CoCo bonds
- Commodities
- Convertible securities
- Counterparty and collateral
- Credit
- Currency
- Derivatives
- Distressed securities
- Emerging markets
- Equities
- Hedging
- High yield
- Interest rate
- Investment fund
- Liquidity
- Market
- Operational
- Real estate
- Russia
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)
$493m (as of 30 April 2026, per Fidelity monthly factsheet)
Latest Official Fund Data
| Metric | Current official value |
|---|---|
| NAV (HKD) | 13.4400 |
| NAV date | 2026-10-23 |
| Daily NAV change | 0.0400 (0.2985%) |
| 1-year performance | 20.3166% |
| 3-year performance | 62.6635% |
| Performance date | 2026-09-30 |
| Fund type | Multi Asset Fund |
| ISIN | LU2242650005 |
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 |
|---|---|
| Technology | 32.2% |
| Financial Services | 13.3% |
| Industrials | 10.9% |
| Consumer Cyclical | 7.8% |
| Communication Services | 7.3% |
| Health Care | 6.9% |
| Basic Materials | 6.8% |
| Utilities | 5.7% |
| Consumer Defensive | 3.7% |
| Energy | 3.7% |
Portfolio Manager
Pek Ng, Joseph Zhang
Share class: A-ACC-USD | ISIN: LU0261961675 | Data: yfinance (1047 trading days, annualised at 252 days/year)
| Metric | Daily | Annualised |
|---|---|---|
| Expected Return | 0.0399% | 10.58% |
| Risk (Std Dev) | 0.7669% | 12.17% |
| Metric | Value |
|---|---|
| First NAV | 15.6700 |
| Last NAV | 23.0700 |
| Total Return (period) | 47.22% |