Portfolio Manager
Terrence Pang, Belinda Liao, Tae Ho Ryu
The Fidelity Funds - China RMB Bond Fund page has been refreshed from Fidelity Funds’ April 2026 Hong Kong Extract Prospectus. The PDF fund description is for China RMB Bond Fund.
Investment Objective
The fund aims to maximise total return over the long term.
Investment Policy
The fund aims to achieve its investment objective through exposure to RMB denominated debt, money market instruments, cash and cash equivalents (including term deposits). The fund invests at least 70% of its assets, in investment grade debt securities denominated in RMB, investment grade securities of issuers that do most of their business in the Asia Pacific region, securities denominated in RMB of investment grade issuers, or in securities of investment grade issuers that do most of their business in the Asia Pacific region, including emerging markets. The fund may invest, directly or indirectly, in the following assets according to the percentages indicated: • Listed China onshore bonds (directly and/or indirectly): up to 100% • hybrids and contingent convertible (CoCo) bonds: less than 30%, with less than 20% in CoCos. The fund may invest in other subordinated financial debt and preference shares. The fund’s exposure to distressed securities is limited to 10% of its assets. Exposure to non-RMB investments may be hedged to maintain the currency exposure to RMB.
Investment Process
In actively managing the fund, the Investment Manager considers issuer financials, such as revenue and profit growth, cash flows and credit analysis, as well as market and macroeconomic 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 investment universe. Through the investment management process the Investment Manager aims to ensure that investee companies follow good governance practices.
SFDR Product Category
Article 8 (promotes environmental and/or social characteristics) – ESG Tilt.
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
CNH
Main Risks
- China
- CoCo bonds
- Concentration
- Convertible securities
- Counterparty and collateral
- Credit
- Currency
- Derivatives
- Distressed securities
- Emerging markets
- Hedging
- Interest rate
- Investment fund
- Liquidity
- Market
- Operational
- Sustainable investing
Risk Management Method
Commitment.
Fidelity Hong Kong Website Data
Note: Visit the fund’s factsheet at https://www.fidelity.com.hk/en/funds/factsheet/CRMBU/G for the latest Morningstar rating, risk rating, NAV, fund size, and performance data.
Available Metrics (to be populated from Fidelity HK factsheet):
- Morningstar Rating: ★★★★☆ (to be verified)
- Risk Rating: /5 (Medium to High) (to be verified)
- Fund Size: (to be verified)
- NAV: (to be verified)
- Annual Management Fee: (to be verified)
- Max Sales Charge: (to be verified)
- Launch Date: (to be verified)
- 3-Year Standard Deviation: (to be verified)
- ISIN: (from prospectus)
- Bloomberg Ticker: (to be verified)
Performance Data (from Fidelity HK factsheet):
- Annual performance table
- Cumulative performance (YTD, 6m, 1yr, 3yr, 5yr)
- Top 10 holdings
- ESG metrics and MSCI ratings
- Volatility measures (standard deviation, beta, alpha, risk rating)
Charges and Expenses (from Fidelity HK factsheet):
- Max. Sales Charge
- Annual Management Fee
- Other fees (refer to prospectus)
Source
- Fidelity Funds, April 2026 Hong Kong Extract Prospectus:
data/fidelity/pr.ff.HK-en.HK.pdf