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Fidelity China - Managed Fund

Fund Objective
To achieve returns in excess of the benchmark over the medium to long term.
Fund Strategy
The Fidelity China Fund provides investors with the potential for long-term capital growth by investing in companies located in China, as well as companies located elsewhere that derive a significant proportion of their earnings from China (Chinese Securities). Fidelity believes that markets are semi-efficient and share prices don't always reflect inherent value. Through in-house, bottom-up company research, Fidelity aims to uncover the opportunities that it believes offer the greatest scope for outperformance.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return -3.59% 14.35% 3.03% 6.8% 1.37% 1.19% 0.46% 6.48%
Growth return -3.59% 14.35% -1.47% 2.14% -4.14% -4.68% -7.69% -0.99%
Income return 0% 0% 4.5% 4.66% 5.51% 5.87% 8.15% 7.47%
Market index (MSCI AC Golden Dragon NR AUD)
Total return -3.87% 11.07% 11.8% 22.12% 11.45% -0.25% 3.45% 7.37%
As at 30 Nov 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Fidelity China
International Equities
97.29%
Cash
2.71%
Average Allocation of Peers
International Equities
98.82%
Cash
1.18%

General Information

Fund Details
Type Description
Fidelity China
FID0011AU
Equity Greater China
starstarstar (as at 30 Nov 2024)
Investment Fund
29 Sep 2005
$30.17 million (as at 30 Nov 2024)
$23.5846 (as at 24 Dec 2024)
$23.4436 (as at 24 Dec 2024)
Open
Offer information
Type Description
MER 1.21% (as at 30 Jun 2024)
Indirect Cost Ratio (ICR) 1.21% (as at 30 Jun 2024)
Performance fee (not included in ICR) 0
Minimum initial investment $25,000
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 31 Oct 2024)

Holding (as at 31 Oct 2024) Type % of Portfolio
Alibaba Group Holding Ltd Ordinary Shares Equity 8.33%
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FAQs about the Fidelity China

The objective of the Fidelity China managed fund is To achieve returns in excess of the benchmark over the medium to long term.

The strategy of the Fidelity China managed fund is The Fidelity China Fund provides investors with the potential for long-term capital growth by investing in companies located in China, as well as companies located elsewhere that derive a significant proportion of their earnings from China (Chinese Securities). Fidelity believes that markets are semi-efficient and share prices don't always reflect inherent value. Through in-house, bottom-up company research, Fidelity aims to uncover the opportunities that it believes offer the greatest scope for outperformance.

The APIR code of the Fidelity China managed fund is FID0011AU.

Fidelity China’s total return last month was -3.59%. This was made up of a growth return of -3.59% and an income return of 0%. These returns were calculated as at 30 Nov 2024.

Fidelity China’s total return for the last three months was 14.35%. This was made up of a growth return of 14.35% and an income return of 0%%. These returns were calculated as at 30 Nov 2024.

Fidelity China’s one-year total return is 6.8%. This was made up of a growth return of 2.14% and an income return of 4.66%. These returns were calculated as at 30 Nov 2024.

Fidelity China’s one-year total return is 1.19%. This was made up of a growth return of -4.68% and an income return of 5.87%. These returns were calculated as at 30 Nov 2024.

The asset allocation of the Fidelity China managed fund is :

International Equities
97.29%
Cash
2.71%

The Fidelity China managed fund belongs to the Equity Greater China sector/asset class.

As at 30 Nov 2024, the size of the Fidelity China managed fund was $30.17 million.

The Fidelity China managed fund has an inception date of 29 Sep 2005.

The current entry price of the Fidelity China managed fund is $23.5846 per unit and the current exit price is $23.4436 per unit (as at 24 Dec 2024).

The current exit price of the Fidelity China managed fund is $23.4436 per unit and the current entry price is $23.5846 per unit (as at 24 Dec 2024).

The minimum initial investment amount for the Fidelity China managed fund is $25,000. Minimum additional investment is $0.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.