Fidelity Funds - China Consumer Fund A-Acc-USD
Sub-fund of Fidelity Funds (SICAV domiciled in Luxembourg)
Key Information
Legal Documents

Fund Profile

Category: SICAV

Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Fidelity Funds - China Consumer Fund a sub-fund of Fidelity Funds A-ACC-USD (ISIN: LU0594300179) This fund is managed by FIL Investment Management (Luxembourg) S.A. n Aims to provide long-term capital growth with the level of income expected to be low. n At least 70% invested in the shares of companies having their head office or a main part of their activities in China or Hong Kong. These companies are involved in the development, manufacture or sales of goods or services to consumers in China. n China is considered to be an emerging market. n The fund may invest up to 10% of its net assets directly in China A and B Shares (with aggregate exposure including direct and indirect investments being less than 30% of its assets). n Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. n May invest in assets directly or achieve exposure indirectly through other eligible means including derivatives. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income, including for investment purposes, in line with the fund’s risk profile. n The fund has discretion in its choices of investments within its objectives and policies. n Income is accumulated in the share price. n Shares can usually be bought and sold each business day of the fund. Lower risk Higher risk Typically lower rewards Typically higher rewards 1 2 3 4 5 6 7 n The risk category was calculated using historical performance data. n The risk category may not be a reliable indication of the future risk profile of the fund, is not guaranteed and may change over time. n The lowest category does not mean a "risk free" investment. n The

Morningstar Rating
More information about the calculation of the Morningstar Ratings
Risk and reward profile
Lower Risk
Possible Lower
Higher Risk
Possible Higher
Key Information
Closing Price 06/12/201919.28
Morningstar categoryChina Equity
Distribution statusAccumulating
Inception Date23/02/2011
Minimum initial amount100.00 USD
Fees And Charges
Entry feeNone
Purchase charge0.5% (subject to minimum)
Custody feeNone
Exit feeNone
Sale chargeNone
Ongoing charge1.91% of which 0.60% is paid by the Fund Manager to MeDirect
Fund management company
AddressFidelity (FIL Inv Mgmt (Lux) S.A.) 2a, rue Albert Borschette Luxembourg L-1246 Luxembourg
Manager NameRaymond Ma
Manager Start Date23/02/2011
Total Net Assets (mil)3,071.51 USD (30/11/2019)
AdministratorFIL Investment Management (Lux) S.A

Legal Documents

en 13/09/2019
Annual Report
en 30/04/2019
Semi Annual Report
en 31/10/2018
Morningstar Report


Historical returns are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Entry fees, purchase charges, custody fees, exit fees, sale charges and taxes are not included in the calculation of past performance. Ongoing charges (including management fees, administrative fees and other costs) have been taken in to account, as they are already included in the price/NAV of the fund.
The performance in euro can be lower or higher than the performance in the currency of denomination of the fund due to fluctuations in exchange rates.
Annualised performance in USD
PeriodAnnualised returnDate
1 year14.29%06/12/2019
3 years10.63%06/12/2019
5 years6.46%06/12/2019
Since launch7.76%06/12/2019
Cumulative performance in USD
YTD 01/01/201917.49%
1 month-1.13%
3 months1.31%
6 months8.62%
Quarterly Returns
Q 1Q 2Q 3Q 4
No Data Available

Asset Allocation
% Long% Short% Net Assets
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
Sharpe Ratio
Sortino Ratio
Positive Months7.0022.0033.00
Negative Months5.0014.0027.00
Worst Month-11.18-11.72-12.48
World Regions
Asia - Emerging75.77
Asia - Developed17.27
United States1.65
United Kingdom0.54
Latin America0.31
Stock Sector Weighting
Sector% of Equity
Consumer Cyclical29.14
Communication Services22.06
Financial Services16.78
Consumer Defensive14.96
Real Estate1.03
Top 10 Holdings
HoldingSectorCountry% of Assets
Alibaba Group Holding Ltd ADR Consumer CyclicalChina9.86
Tencent Holdings Ltd Communication ServicesChina8.12
AIA Group Ltd Financial ServicesHong Kong5.78
China Mobile Ltd Communication ServicesChina4.71
Ping An Insurance (Group) Co. of China Ltd Class H Financial ServicesChina3.95
China Life Insurance Co Ltd Class H Financial ServicesChina3.48
China Mengniu Dairy Co Ltd Consumer DefensiveChina2.98
New Oriental Education & Technology Group Inc ADR Consumer DefensiveChina2.87 Group Ltd ADR Consumer CyclicalChina2.35
NetEase Inc ADR Communication ServicesChina2.26
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Equity Style
Closing Price
All key information and documents must be reviewed before being able to Invest.