Fidelity Emerging Market Total Return Debt Class W - Income (GBP)
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Income and accumulation units
With income units, any income is paid as cash. This can be withdrawn, reinvested or simply held on your account. With accumulation units any income is retained within the fund; the number of units remains the same but the price of each unit increases by the amount of income generated within the fund. Generally accumulation units offer a slightly more efficient way to reinvest income, although many investors will choose to hold income units and reinvest the income to buy extra units.
×Charges and Savings
Initial charges | |
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Initial charge: | 0.00% |
Initial saving from HL: | 0.00% |
HL dealing charge: | Free |
Net initial charge: | 0.00% |
Annual charges | |||
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Performance fee: | No | ||
Ongoing charge (OCF/TER): | 0.93% | ||
Ongoing saving from HL: | 0.00% | ||
Net ongoing charge: | 0.93% | ||
There are other unit types of this fund available: | |||
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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
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Performance
15/08/19 to 15/08/20 | 15/08/20 to 15/08/21 | 15/08/21 to 15/08/22 | 15/08/22 to 15/08/23 | 15/08/23 to 15/08/24 | |
---|---|---|---|---|---|
Annual return | n/a | 7.93% | -22.69% | 1.94% | 7.86% |
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 chartOur 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 income and capital appreciation through investing primarily directly or indirectly in Emerging Market government and corporate bonds, including those denominated in local and globally traded major currencies (“hard currencies”) and nominal and inflation linked debt instruments. The fund may also achieve exposure to such investments or elements of their return through the use of financial derivative instruments. Investments will be made within, although will not be limited to, Latin America, Asia, Africa, Eastern Europe (including Russia) and the Middle East. The fund may invest its net assets directly in onshore China fixed income securities listed or traded on any Eligible Market in China. A minimum of 50% of the fund’s net assets will be invested in securities deemed to maintain sustainable characteristics, as described in the section entitled “1.3.2(a) Fidelity Sustainable Investing Framework” above. The fund is actively managed and references a composite of 50% J.P. Morgan Government Bond Index - Emerging Markets Global Diversified; 25% J.P. Morgan Corporate Emerging Markets Bond Index - Broad Diversified; 25% J.P. Morgan Emerging Markets Bond Index - Global Diversified (the “Index”) for portfolio level risk measurement only as its global exposure is measured using the relative VaR approach. For the avoidance of doubt, the Investment Manager is not constrained by the Index and there are no restrictions on the extent to which the fund’s performance may deviate from that of the Index. The fund’s exposure to Distressed Securities is limited to 10% of its assets. Shareholders’ attention is drawn to the fact that the Index is not an index which integrates environmental and social considerations. Instead, the fund promotes environmental and social characteristics by adhering to the Fidelity Sustainable Investing Framework, as described above.
Income Details
Security | Weight |
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SOUTH AFRICA REPUBLIC OF 7% 02/28/2031 | 4.89% |
COMISION FEDERAL DE ELECTRICID 5% 07/30/2049 REGS | 4.30% |
COLOMBIA REPUBLIC OF 7.5% 08/26/2026 | 3.90% |
SOUTH AFRICA REPUBLIC OF 8.875% 02/28/2035 | 3.86% |
BRAZIL LETRAS DO TESOURO NACIONAL 0% 10/01/2024 | 3.32% |
NOTA DO TESOURO NACIONAL 10% 01/01/2031 | 3.31% |
BRAZIL LETRAS DO TESOURO NACIONAL 0% 07/01/2024 | 3.30% |
BRAZILIAN GOVERNMENT INTERNATIONAL BOND 10% 01/01/2025 | 3.24% |
INDONESIA REPUBLIC OF 7.5% 04/15/2040 | 3.19% |
MEXICAN BONOS DESARR FIX RT 8% 11/07/2047 | 3.01% |
Sector | Weight |
---|---|
Bonds | 97.37% |
Cash and Equiv. | 2.23% |
Non-Classified | 0.53% |
Non-Renewable Energy | 0.01% |
Real Estate Investment & Services | 0.00% |
Alternative Trading Strategies | -0.15% |
Country | Weight |
---|---|
Brazil | 15.70% |
South Africa | 11.18% |
Non-Classified | 10.58% |
Colombia | 6.20% |
Mexico | 5.39% |
United States | 4.16% |
Indonesia | 4.14% |
Romania | 3.11% |
Turkey | 3.10% |
Malaysia | 2.50% |
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 15 August 2024. Data provided by Broadridge, correct as at 30 June 2024.
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4 If you elect to receive the income from an ISA or a 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.