The Fidelity Funds - Global Inflation-linked Bond Fund A-ACC-USD page has been refreshed from Fidelity Funds’ April 2026 Hong Kong Extract Prospectus. The PDF fund description is for Global Inflation-linked Bond Fund.
Investment Objective
The fund aims to provide an attractive level of real income and capital growth over time.
Investment Policy
The fund invests at least 70% of its assets in investment grade and below investment grade inflation-linked bonds, nominal bonds issued by governments, agencies, supranational entities, corporations, and banks from anywhere in the world, including emerging markets. Investments include below investment grade and investment grade securities. The fund may also invest in money market instruments on an ancillary basis. The fund may invest in the following assets according to the percentages indicated: money market instruments and term deposits: less than 30% convertible bonds: up to 25% equities and other participations rights: up to 10%.
Investment Process
In actively managing the fund, the Investment Manager uses in-house research and investment capabilities to identify suitable opportunities across bond issuers, sectors, geographies, and security types. This may include an assessment of bond issuers creditworthiness, macroeconomic factors, and valuations. The Investment Manager will utilize a range of strategies such as active yield curve strategies, sector rotation, security selection, relative value management and duration management from within the glo bal-inflation linked, interest rate and credit markets. The Investment Manager considers ESG factors 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 benchmark. Through the investment management process, the Investment Manager aims to ensure that investee issuers and countries 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 for hedging, efficient portfolio management and investment purposes. The fund may use long or short positions. The fund uses derivatives, including complex derivative instruments or strategies, to meet the investment objectives of the fund with a level of risk which is consistent with the risk profile of the fund. Derivatives may be used to create economic exposure to an asset akin to a physical holding of that asset. The fund will use (i) interest rate swaps and futures to actively manage the level of interest rate risk, (ii) inflation swaps to eliminate unwanted, or pursue desired, inflation risks and (iii) curren cy derivatives to hedge or gain exposure to currencies or replicate currency exposure of the underlying securities of a bond index. The long and short active currency positions implemented by the fund may not be correlated with the underlying securities po sitions held by the fund. 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
Bloomberg World Government Inflation-Linked 1 to 10 Year Index, a broad market index that does not take into account ESG factors. Used for: investment selection, risk monitoring, and performance comparison. The fund invests in securities of the benchmark, however, the management of the fund is discretionary, therefore the fund may invest in securities not included in the benchmark, and its performance over any period may or may not deviate significantly from that of the benchmark.
Base Currency
USD.
Main Risks
- Concentration
- Convertible securities
- Counterparty and collateral
- Credit
- Currency
- Derivatives
- Emerging market
- s
- Hedging
- High yield
- Interest rate
- Investment fund
- 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