Morningstar Fund Report  | 02/04/2025Print

FF - China A Shares Fund Y Acc RMB

Performance History28/02/2025
Growth of 1,000 (GBP) Advanced Graph
FF - China A Shares Fund Y Acc RMB
Fund--23.2-18.25.20.9
+/-Cat--3.71.9-5.1-0.3
+/-B’mrk--5.2-1.6-8.41.6
 
Category: China Equity - A Shares
Category Benchmark: MSCI China A Onshore NR CNY
Key Stats
NAV
01/04/2025		 CNY 71.34
Day Change -0.02%
Morningstar Category™ China Equity - A Shares
ISIN LU2385789909
Fund Size (Mil)
28/02/2025		 EUR 2.98
Share Class Size (Mil)
01/04/2025		 CNY 0.02
Max Initial Charge -
Ongoing Charge
28/03/2025		  1.13%
Investment Objective: FF - China A Shares Fund Y Acc RMB
The fund aims to achieve capital growth over the long term. The fund invests at least 70% of its assets, in equities of companies that are listed or traded in China. The fund may also invest in money market instruments on an ancillary basis. The fund may invest up to 20% of its assets in securities of issuers with low but improving ESG characteristics.
Returns
Trailing Returns (GBP)01/04/2025
YTD0.31
3 Years Annualised-7.36
5 Years Annualised-
10 Years Annualised-
12 Month Yield 0.00
Management
Manager Name
Start Date
Ben Li
30/09/2023
Theresa Zhou
30/09/2023
Inception Date
08/12/2021

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI China A International NR USDMSCI China A Onshore NR CNY
Portfolio Profile for  FF - China A Shares Fund Y Acc RMB28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock100.210.00100.21
Bond0.000.000.00
Property0.000.000.00
Cash1.461.67-0.21
Other0.000.000.00
Top 5 Regions%
Asia - Emerging95.16
Asia - Developed4.84
United States0.00
Canada0.00
Latin America0.00
Top 5 Sectors%
Financial Services20.89
Technology18.87
Industrials16.36
Consumer Cyclical12.07
Consumer Defensive9.76
Top 5 HoldingsSector%
Contemporary Amperex Technology ... IndustrialsIndustrials7.49
China Merchants Bank Co Ltd Class AFinancial ServicesFinancial Services5.44
Tencent Holdings LtdCommunication ServicesCommunication Services4.99
Luxshare Precision Industry Co L... TechnologyTechnology3.81
BYD Co Ltd Class AConsumer CyclicalConsumer Cyclical3.71
Increase Decrease New since last portfolio
FF - China A Shares Fund Y Acc RMB
Growth Of 1000 (GBP) 28/02/2025
Fund:  FF - China A Shares Fund Y Acc RMB
Category:  China Equity - A Shares
Category Index:  MSCI China A Onshore NR CNY
Growth of 1,000 GBP
Annual Returns (GBP)28/02/2025
 20222023202428/02
Price Return-23.22-18.235.210.86
+/- Category-3.681.93-5.11-0.28
+/- Category Index-5.15-1.60-8.381.58
% Rank in Category74407744
Trailing Returns (GBP)01/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.02   0.250.24
1 Week-0.20   0.970.90
1 Month-0.55   1.711.88
3 Months0.31   1.503.44
6 Months1.10   2.053.51
YTD0.31   1.503.44
1 Year2.20   -8.47-5.04
3 Years Annualised-7.36   -1.17-1.93
5 Years Annualised-   --
10 Years Annualised-   --
 
Category: China Equity - A Shares
Category Index: MSCI China A Onshore NR CNY
Quarterly Returns (GBP)28/02/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20241.341.310.721.74
2023-1.73-11.512.08-7.88
2022-18.049.63-10.21-4.82
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageBelow Average3 star
5-Year--Not Rated
10-Year--Not Rated
OverallAverageBelow Average3 star
 
Category :  China Equity - A SharesClick here to see our Methodology
Volatility Measurements28/02/2025
 
3-Yr Std Dev20.10 %
3-Yr Mean Return-7.78 %
 
3-Yr Sharpe Ratio-0.60
 
Modern Portfolio Statistics28/02/202528/02/2025
 Standard IndexBest Fit Index
 MSCI China A Onshore NR CNY  MSCI China A Onshore NR CNY
3-Yr Beta0.790.79
3-Yr Alpha-4.35-4.35
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)EUR 39200-
Market Capitalisation% of Equity
Giant61.79
Large29.60
Medium8.61
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings15.001.04
Price/Book2.061.30
Price/Sales1.851.88
Price/Cash Flow10.371.41
Dividend-Yield Factor2.790.91
 
Long-Term Projected Earnings Growth6.970.80
Historical Earnings Growth5.421.45
Sales Growth5.861.70
Cash-Flow Growth10.962.81
Book-Value Growth7.991.05
 
Category: China Equity - A Shares
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock100.210.00100.21
Bond0.000.000.00
Property0.000.000.00
Cash1.461.67-0.21
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States0.00-
Canada0.00-
Latin America0.00-
United Kingdom0.00-
Eurozone0.00-
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.00-
Middle East0.00-
Japan0.00-
Australasia0.00-
Asia - Developed4.84-
Asia - Emerging95.160.95
 
Category: China Equity - A Shares
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials5.760.51
Consumer CyclicalConsumer Cyclical12.071.32
Financial ServicesFinancial Services20.891.21
Real EstateReal Estate2.771.82
Consumer DefensiveConsumer Defensive9.761.57
HealthcareHealthcare5.940.75
Communication ServicesCommunication Services6.494.39
EnergyEnergy1.090.29
IndustrialsIndustrials16.360.97
TechnologyTechnology18.870.92
 
Category: China Equity - A Shares
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings67
Total Number of Bond Holdings0
Assets in Top 10 Holdings39.91
NameSectorCountry% of Assets
Contemporary Amperex Technology Co Lt... 310China7.49
China Merchants Bank Co Ltd Class A103China5.44
Tencent Holdings Ltd308China4.99
Luxshare Precision Industry Co Ltd Cl... 311China3.81
BYD Co Ltd Class A102China3.71
Fuyao Glass Industry Group Co Ltd Cla... 102China3.42
China Construction Bank Corp Class A103China3.06
Shanxi Xinghuacun Fen Wine Factory Co... 205China2.81
Hansoh Pharmaceutical Group Co Ltd206China2.70
Hong Kong Exchanges and Clearing Ltd103Hong Kong2.48
 
Increase Decrease New since last portfolio
Category: China Equity - A Shares
 
Management
Name of CompanyFidelity (FIL Inv Mgmt (Lux) S.A.)
Phone+ 352 250 404 2400
Websitewww.fidelity-international.com
Address2a, rue Albert Borschette
 Luxembourg   L-1246
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date08/12/2021
Fund Advisor(s)
FIL Fund Management Limited
Fund ManagerBen Li
Manager Start Date30/09/2023
Fund ManagerTheresa Zhou
Manager Start Date30/09/2023
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.80%
Ongoing Charge1.13%
Purchase Details
Minimum Investments
Initial2500  CNH
Additional1000  CNH
Savings-
Tax Free Savings Schemes
ISAsNo