Fidelity China RMB Bond -A(USD) ACC
The Fidelity China Rmb Bond primarily invests in Chinese Renminbi (RMB) denominated bonds, money market securities, cash and/or cash equivalents. The fund invests at least 70% of assets in investment grade bonds in RMB denomination or issued by entities operating in the Asia Pacific region. It is an actively managed portfolio without reference to any index.
With 230+ holdings from 154 issuers, the fund has a diverse portfolio with only ard. 18% of its assets come from the top 10 holdings, and nearly half of its assets are of grade "A" (Sep 2021). The fund has a 3-year volatility of 6.49%, an average credit rating of A-, and an effective duration of 3.8, with investment grade (ex-treasury) making upto 60% of the portfolio and high yield accounting for just ard. 10% (Sep 2021).The fund may invest in hybrid securities, CoCos, as well as other subordinate loans and preference shares.