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Fidelity China High Yield W-MIncome (G) Hgd Class W - Income - GBP

Sell:49.20p Buy:49.20p Change: 0.1p (0.20%)
Prices as at 14 June 2024
Sell:49.20p
Buy:49.20p
Change: 0.1p (0.20%)
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 14 June 2024
Sell:49.20p
Buy:49.20p
Change: 0.1p (0.20%)
Prices as at 14 June 2024
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: 0.00%
Initial saving from HL: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 0.95%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.95%

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: Unbundled
Manager:
Multiple
Fund launch date: 30 November 2015
Sector: Specialist
Fund size: £730 million
Number of holdings: 137
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: Yes
Minimum regular savings value: £25.00

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Performance

14/06/19 to 14/06/20 14/06/20 to 14/06/21 14/06/21 to 14/06/22 14/06/22 to 14/06/23 14/06/23 to 14/06/24
Annual return n/a 11.92% -39.21% -3.93% 4.98%

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

This fund seeks a high level of current income by investing primarily in high-yielding, sub-investment grade or non-rated debt securities of issuers that have their head office or exercise a majority of their activity in the Greater China region (including China, Hong Kong, Taiwan, and Macau). This region includes certain countries considered to be emerging markets. This fund will suit those investors seeking high income and who are prepared to accept the risks associated with this type of investment. The type of debt securities in which the fund will primarily invest will be subject to high risk and will not be required to meet a minimum credit rating standard. Not all securities will be rated for creditworthiness by an internationally recognized rating agency. The fund may invest its net assets directly in onshore China fixed income securities listed or traded on Eligible Markets in China. The manager is not restricted in its choice of companies either by market sector or industry, and will choose investments largely determined by the availability of attractive investment opportunities. The fund is actively managed without reference to an index. The fund’s exposure to Distressed Securities is limited to 10% of its assets. Portfolio Information: Onshore China fixed income securities are listed or traded on Eligible Markets in China, and are issued by a variety of issuers such as government, quasi government, banks, financial institutions or other corporate entities established or incorporated in China or corporate entities whose commercial activities are mainly carried out in China. The investments of the fund may be denominated in various currencies and is not restricted to one single currency. The fund may invest in hybrids and CoCos, as well as in other subordinated financial debt and preference shares.

Income Details

Distribution yield : 6.70%
Income paid: Monthly
Type of payment: Dividend
Ex-dividend date: 1 August 2024
Payment date: 15 August 20244

This data is provided by Broadridge. 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. Information correct as at 31 December 2022.

Security Weight
ENN CLEAN ENERGY INTERNATIONAL INVESTMENT LTD 3.375% 05/12/2026 REGS 5.14%
BANK COMMUNICATIONS CO LTD 3.8%/VAR PERP REGS 5.06%
INDUSTRIAL & COML BK CHINA 3.2%/VAR PERP REGS 4.99%
WEST CHINA CEM LTD 4.95% 07/08/2026 REGS 3.37%
STUDIO CITY FIN LTD 5% 01/15/2029 REGS 3.16%
BANK OF CHINA LTD 3.6%/VAR PERP REGS 3.10%
MELCO RESORTS FIN LTD 5.375% 12/04/2029 REGS 2.72%
LENOVO GROUP LTD 5.875% 04/24/2025 REGS 2.61%
CHINA SHENHUA OVERSEAS CAP CO LTD 3.875% 01/20/2025 REGS 2.57%
CHONG HING BANK LTD 5.7%/VAR PERP REGS 2.36%
Sector Weight
Bonds 92.59%
Cash and Equiv. 6.07%
Non-Classified 2.46%
Alternative Trading Strategies -1.12%
Country Weight
Non-Classified 36.72%
United States 19.81%
Hong Kong 17.83%
China 13.85%
Cash and Equiv. 6.07%
Germany 2.24%
Singapore 1.35%
Mongolia 0.79%
United Kingdom 0.42%
Indonesia 0.39%

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 14 June 2024. Data provided by Broadridge, correct as at 31 March 2024.

Broadridge
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.