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Fidelity Asia Focus Inclusive - Class A - Income (USD)

Sell:951.82p Buy:951.82p Change: 1.45p (0.15%)
Prices as at 25 October 2021
Change: 1.45p (0.15%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 25 October 2021
Change: 1.45p (0.15%)
Prices as at 25 October 2021
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Charges and Savings

Initial charges
Initial charge: 5.25%
Initial saving from HL: 5.25%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 1.93%
Ongoing saving from HL: 0.75% i
Net ongoing charge: 1.18%
There are other unit types of this fund available:
Inclusive - Class A - Income (GBP) (Net ongoing charge 1.18%)
Class W - Accumulation (GBP) (Net ongoing charge 1.08%)

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.

Other Information

Unit type: Inclusive
Dhananjay Phadnis
Fund launch date: 1 October 1990
Launch price: $10.00
Sector: Offshore
Fund size: £4,141 million
Number of holdings: 78
Fund type: SICAV
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 17:00
Trustee: Brown Brothers Harriman
Minimum investment: £100.00
Charges deducted from: n/a
Available in a regular savings plan: No
Minimum regular savings value: n/a

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25/10/16 to 25/10/17 25/10/17 to 25/10/18 25/10/18 to 25/10/19 25/10/19 to 25/10/20 25/10/20 to 25/10/21
Annual return 15.87% -5.35% 14.40% 18.68% 9.08%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Fund Objective

The fund aims to achieve long-term capital growth from a portfolio primarily made up of equity securities issued by companies that are listed in, incorporated or have their domicile in, or exercise a majority of their activity in Asia excluding Japan. The fund adopts a best-in-class strategy under which a minimum of 70% of the fund’s net assets will be invested in securities which are deemed to maintain sustainable characteristics. Sustainable characteristics may include but are not limited to effective governance and superior management of environmental and social issues (‘ESG’), and an issuer is deemed to maintain this, if it has an ESG rating which is above the minimum ESG rating threshold determined by the Investment Manager from time to time. The Investment Manager will determine the minimum ESG rating threshold and assess the ratings of securities and their issuers based on quantitative and qualitative assessments of their sustainability characteristics. “Quantitative assessments” will be by reference to ESG ratings from external providers including but not limited to MSCI, or an internal rating assigned by the Investment Manager using primarily Fidelity Sustainability Ratings, relevant data in third-party certificates or labels, assessment reports on carbon footprints, and percentage of revenue or profits of the issuers generated from ESG-relevant activities. Fidelity Sustainability Ratings is a proprietary rating system created by Fidelity’s research analysts which scores issuers on an A-E scale and trajectory forecast based on fundamental bottom-up research and materiality assessment using criteria specific to the industry of each company. “Qualitative assessments” will be by reference to case studies, environmental, social and governance impacts associated with the issuers, product safety documents, customer reviews, company visits or data from proprietary models and local intelligence. ESG ratings and associated ESG data, including Fidelity Sustainability Ratings, are part of a centralised research platform operated by the Investment Manager. The provision and source of ESG data is reviewed on a regular basis to ensure its continuing suitability, adequacy and effectiveness for the assessment of sustainability characteristics. Assessment factors and minimum ratings thresholds may change over time or vary in importance depending on the sector or industry an issuer operates in. The fund adheres to a principles-based exclusion framework which sets out the basis upon which certain issuers are excluded from the permissible investment universe. The framework incorporates both norms-based screening and negative screening of certain sectors, companies or practices based on specific ESG criteria to be determined by the Investment Manager from time to time. The norms-based screening includes issuers which fail to behave in a way which meets their fundamental responsibilities in the areas of human rights, labour, environment and anti-corruption as set out by the Ten Principles of the United Nations Global Compact. The negative screening includes issuers within certain single product categories or industries which are fundamentally unsustainable or are associated with significant risks or liabilities from societal, environmental or health related harm. As an illustrative example, manufacturers of controversial weapons (e.g. land mines, nuclear weapons) are excluded from the investment universe of the fund under this framework. The current exclusion criteria may be updated from time to time. To apply this exclusion, the Investment Manager may use data provided by internal research teams as well as various external ESG data, tools and research providers. The largest ten securities held in the fund’s portfolio may account for 50% or more of the fund’s Net Asset Value, resulting in a reasonably concentrated portfolio. The fund may invest its net assets directly in China A and B Shares.

Income Details

Income paid: Annually
Type of payment: Dividend
Ex-dividend date: 1 August 2022
Payment date: 15 August 20224

This data is provided by Funds Library. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. There is currently no yield information available for this fund.

Security Weight
Fidelity Offshore Institutional Liquidity - US Dollar Class A 2.98%
JD.COM INC 2.57%
Sector Weight
Technology Hardware & Equipment 20.06%
Banks 14.90%
Software & Computer Services 13.22%
Life Insurance 9.32%
Retailers 5.44%
Pharmaceuticals & Biotechnology 5.23%
Travel & Leisure 3.00%
Food Producers 2.96%
Cash and Equiv. 2.46%
Alternative Trading Strategies 2.21%
Country Weight
China 21.60%
Hong Kong 18.35%
India 17.43%
South Korea 15.12%
Taiwan 9.54%
United States 3.67%
Cash and Equiv. 2.46%
Philippines 2.38%
Indonesia 2.32%
United Kingdom 1.88%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 25 October 2021. Data provided by Funds Library, correct as at 31 August 2021.

You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.