Evidence and analysis
- Share-class currency
- USD
- ISIN
- LU0048580855
- 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: MSCI Golden Dragon 10/40 Index
| Period | Fund | Index | Gap (pp) |
|---|---|---|---|
| 1 year | 5.9% | 14.2% | -8.3 |
| 1-year: Underperforming | |||
| 3 years | 55.7% | 94.3% | -38.6 |
| 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.
Latest Official Fund Data
| Metric | Current official value |
|---|---|
| NAV (USD) | 318.9000 |
| NAV date | 2026-10-23 |
| Daily NAV change | 0.8000 (0.2515%) |
| 1-year performance | 5.8890% |
| 3-year performance | 55.6551% |
| Performance date | 2026-09-30 |
| Fund type | Equity Fund |
| ISIN | LU0048580855 |
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
Cynthia Chen
The Fidelity Funds - Greater China Fund page has been refreshed from Fidelity Funds’ April 2026 Hong Kong Extract Prospectus. The PDF fund description is for Greater China 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 listed in the Greater China region including Hong Kong, China and Taiwan. Some of these investments may be from emerging markets. The fund may also invest in money market instruments on an ancillary basis. The fund may invest up to 60% of its assets (directly and/or indirectly) in China A and B Shares (in aggregate).
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
SFDR Product Category
Article 8 (promotes environmental and/or social characteristics) – ESG Tilt.
Derivatives and Techniques
The fund may use derivatives for hedging and 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
MSCI Golden Dragon 10/40 Index, a broad market index that does not take into account ESG characteristics.
Base Currency
USD.
Main Risks
- China
- Concentration
- Counterparty and collateral
- Currency
- Derivatives
- Emerging markets
- Equities
- Hedging
- 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/FHGD/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)
From Fidelity HK Search Data:
- Morningstar Rating: 3/5
- Risk Rating: 5/5
Top Holdings
| Holding | Symbol | Weight |
|---|---|---|
| Tencent Holdings Ltd | 0700.HK | 7.82% |
| Alibaba Group Holding Ltd Ordinary Shares | 9988.HK | 4.67% |
| Prosus NV Ordinary Shares - Class N | PRX.AS | 4.65% |
| China Merchants Bank Co Ltd Class A | 600036.SS | 3.62% |
| BOC Aviation Ltd Shs Unitary 144A/Reg S | 2588.HK | 3.46% |
| China Construction Bank Corp Class H | 00939 | 2.98% |
| China Mengniu Dairy Co Ltd | 2319.HK | 2.52% |
| Trip.com Group Ltd | 9961.HK | 2.52% |
| Industrial And Commercial Bank Of China Ltd Cla… | 01398 | 2.49% |
| NetEase Inc Ordinary Shares | 9999.HK | 2.40% |
Source
- Fidelity Funds, April 2026 Hong Kong Extract Prospectus:
data/fidelity/pr.ff.HK-en.HK.pdf
Sector Allocation
| Sector | Weight |
|---|---|
| Consumer Cyclical | 27.7% |
| Communication Services | 15.0% |
| Financial Services | 11.5% |
| Real Estate | 9.1% |
| Industrials | 8.0% |
| Basic Materials | 7.0% |
| Consumer Defensive | 6.6% |
| Energy | 6.3% |
| Technology | 3.7% |
| Health Care | 3.3% |