The Fidelity Funds - Global Income Fund (A-ACC-USD) seeks to provide income and capital preservation by investing in a diversified global portfolio of income-generating assets, including investment-grade and high-yield bonds, government securities, and income-producing equities.
Investment Objective
This multi-asset income fund draws from the broadest global universe to construct a portfolio optimized for income generation. The fund can allocate across government bonds, corporate bonds, high-yield debt, convertible bonds, preferred shares, and dividend equities — wherever the best risk-adjusted income opportunities exist.
Multi-Asset Income Approach
The key advantage of a multi-asset income approach is diversification across income sources:
- Government bonds: Safe-haven income with interest rate sensitivity
- Investment-grade corporates: Higher yield than government bonds with manageable credit risk
- High-yield bonds: Significant yield pickup with higher default risk
- Emerging market debt: Additional yield with geographic diversification
- Dividend equities: Income with potential capital growth
Dynamic Allocation
The fund manager actively adjusts allocations based on relative valuations, yield curves, credit spreads, and macroeconomic conditions — potentially shifting toward bonds in risk-off environments and equities when valuations are attractive.
Accumulating Share Class
The ACC share class reinvests income rather than distributing it.
Risk Considerations
Interest rate risk, credit risk, currency risk, and equity market volatility all apply to this multi-asset fund. The broad mandate requires skilled asset allocation to navigate different market environments effectively.
Risk & Return Metrics
Share class: A-ACC-USD | ISIN: LU0882574303 | Data: yfinance (1004 trading days, annualised at 252 days/year)
| Metric | Daily | Annualised |
|---|---|---|
| Expected Return | 0.0154% | 3.97% |
| Risk (Std Dev) | 0.2425% | 3.85% |
| Metric | Value |
|---|---|
| First NAV | 12.5000 |
| Last NAV | 14.5500 |
| Total Return (period) | 16.40% |