Evidence and analysis
- Share-class currency
- USD
- ISIN
- LU0261952922
- 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 | 3.7% | Not reported | — |
| 1-year: Unavailable | |||
| 3 years | 14.1% | 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.
Latest Official Fund Data
| Metric | Current official value |
|---|---|
| NAV (USD) | 13.6199 |
| NAV date | 2026-10-23 |
| Daily NAV change | 0.0020 (0.0147%) |
| 1-year performance | 3.7178% |
| 3-year performance | 14.1162% |
| Performance date | 2026-09-30 |
| Fund type | Cash Fund |
| ISIN | LU0261952922 |
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.
Portfolio Manager
Tim Foster, Ravin Seeneevassen
The Fidelity Funds - US Dollar Cash Fund A-ACC-USD page has been refreshed from Fidelity Funds’ April 2026 Hong Kong Extract Prospectus. The PDF fund description is for US Dollar Cash Fund.
Investment Objective
The fund aims to offer returns in line with money market rates over the recommended holding period.
Investment Policy
The fund invests at least 70% (and normally 75%) in US dollar denominated money market instruments such as reverse repurchase agreements and deposits. The fund qualifies as a short-term VNAV money market fund and it is rated Aaa-mf by Moodys Investor Services, Inc.
Investment Process
In actively managing the fund t he Investment Manager uses fundamental and relative analysis to select issuers and short term securities whilst constructing a high quality portfolio with a focus on liquidity and risk management. The Investment Manager considers ESG characteristics when assessing investment risks and opportunities. In determining ESG characteristics, the I nvestment 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 investment universe. 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 only for the purpose of hedging the interest rate or exchange rate risks inherent in other investments of the fund. TRS (including CFD) usage None. Securities lending Expected 0%; maximum 0%. Repos/reverse repos Expected 0%; maximum 10/15%.
Benchmark
None.
Base Currency
USD.
Main Risks
- Concentration
- Counterparty and collateral
- Credit
- Currency
- Derivatives
- Hedging
- Interest rate
- 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