Morningstar Fund Report  | 07/04/2025Print

Fidelity Funds - Asian Special Situations Fund A-DIST-USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Fidelity Funds - Asian Special Situations Fund A-DIST-USD
Fund-5.2-12.9-4.29.4-1.3
+/-Cat-2.3-1.70.0-1.70.9
+/-B’mrk-2.2-5.1-5.2-2.90.3
 
Category: Asia ex-Japan Equity
Category Benchmark: Morningstar Asia xJpn TME N...
Key Stats
NAV
04/04/2025		 USD 50.28
Day Change -3.02%
Morningstar Category™ Asia ex-Japan Equity
ISIN LU0054237671
Fund Size (Mil)
28/02/2025		 USD 1904.77
Share Class Size (Mil)
04/04/2025		 USD 344.45
Max Initial Charge 5.25%
Ongoing Charge
28/03/2025		  1.93%
Morningstar Research
Analyst Report17/07/2024
Hunter Beaudoin, Associate Analyst
Morningstar, Inc

Fidelity Asian Special Situations has several strengths, including an experienced portfolio manager who is backed by a vast analyst team, as well as a well-defined and consistent approach. The vehicle's clean share class Y-Acc-USD continues to...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent24
Process24
Performance
Price
Investment Objective: Fidelity Funds - Asian Special Situations Fund A-DIST-USD
The fund aims to achieve capital growth long term. The fund invests at least 70% (and normally 75%) of its assets, in equities of companies that are listed, headquartered or do most of their business in Asia (excluding Japan) including emerging markets. The fund will have a mixture of investments in larger, medium and smaller sized companies. The fund will seek opportunities in special situations equities which are shares in companies that generally have attractive valuations in relation to net assets or earning potential and/or companies which are undervalued and whose recovery potential is not recognised by the market. The fund may also invest in money market instruments on an ancillary basis. The fund invests at least 50% of its assets in securities companies with favourable environmental, social and governance (ESG) characteristics.
Returns
Trailing Returns (GBP)04/04/2025
YTD-7.18
3 Years Annualised-3.70
5 Years Annualised2.57
10 Years Annualised3.91
12 Month Yield 0.03
Dividend Paying Frequency Annually
Management
Manager Name
Start Date
Teera Chanpongsang
01/07/2021
Inception Date
03/10/1994

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI AC Asia Ex Japan NR USDMorningstar Asia xJpn TME NR USD
Portfolio Profile for  Fidelity Funds - Asian Special Situations Fund A-DIST-USD28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.180.0097.18
Bond0.050.000.05
Property0.000.000.00
Cash3.841.062.78
Other0.000.000.00
Top 5 Regions%
Asia - Emerging60.31
Asia - Developed38.83
United States0.86
Canada0.00
Latin America0.00
Top 5 Sectors%
Technology28.31
Financial Services26.70
Consumer Cyclical19.91
Communication Services13.02
Consumer Defensive4.15
Top 5 HoldingsSector%
Taiwan Semiconductor Manufacturi... TechnologyTechnology8.63
Tencent Holdings LtdCommunication ServicesCommunication Services8.48
Alibaba Group Holding Ltd Ordina... Consumer CyclicalConsumer Cyclical5.79
Samsung Electronics Co LtdTechnologyTechnology5.51
ICICI Bank LtdFinancial ServicesFinancial Services4.22
Increase Decrease New since last portfolio
Fidelity Funds - Asian Special Situations Fund A-DIST-USD
Growth Of 1000 (GBP) 31/03/2025
Fund:  Fidelity Funds - Asian Special Situations Fund A-DIST-USD
Category:  Asia ex-Japan Equity
Category Index:  Morningstar Asia xJpn TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-9.2516.0917.18-5.18-12.91-4.199.41-1.27
+/- Category2.701.37-5.64-2.27-1.680.02-1.720.93
+/- Category Index-2.332.60-3.41-2.16-5.09-5.18-2.870.33
% Rank in Category2737726661546739
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-3.02   -1.56-4.13
1 Week-6.68   -1.70-4.45
1 Month-6.33   -1.93-4.73
3 Months-8.69   -2.55-5.84
6 Months-12.19   -3.18-5.26
YTD-7.18   -1.60-4.94
1 Year-3.07   -3.59-9.08
3 Years Annualised-3.70   -1.77-5.24
5 Years Annualised2.57   -2.26-4.34
10 Years Annualised3.91   -0.54-1.87
 
Category: Asia ex-Japan Equity
Category Index: Morningstar Asia xJpn TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-1.27---
20243.356.890.10-1.07
20231.09-4.17-1.580.48
2022-8.21-1.81-6.703.58
20213.631.62-7.29-2.89
2020-15.5914.378.4311.95
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAverage3 star
5-YearBelow AverageAverage2 star
10-YearAverageAverage3 star
OverallAverageAverage3 star
 
Category :  Asia ex-Japan EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev16.28 %
3-Yr Mean Return0.66 %
 
3-Yr Sharpe Ratio-0.20
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Asia xJpn TME NR USD  Morningstar Asia xJpn TME GR USD
3-Yr Beta1.061.06
3-Yr Alpha-2.70-3.07
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 80644-
Market Capitalisation% of Equity
Giant77.35
Large20.36
Medium1.29
Small1.01
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings13.841.05
Price/Book1.891.08
Price/Sales1.931.10
Price/Cash Flow6.690.98
Dividend-Yield Factor2.471.00
 
Long-Term Projected Earnings Growth10.411.00
Historical Earnings Growth8.331.41
Sales Growth1.170.26
Cash-Flow Growth6.930.70
Book-Value Growth8.191.12
 
Category: Asia ex-Japan Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock97.180.0097.18
Bond0.050.000.05
Property0.000.000.00
Cash3.841.062.78
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States0.860.40
Canada0.000.00
Latin America0.000.00
United Kingdom0.000.00
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.00-
Middle East0.00-
Japan0.000.00
Australasia0.000.00
Asia - Developed38.831.02
Asia - Emerging60.311.03
 
Category: Asia ex-Japan Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials0.910.36
Consumer CyclicalConsumer Cyclical19.911.05
Financial ServicesFinancial Services26.701.22
Real EstateReal Estate1.340.46
Consumer DefensiveConsumer Defensive4.151.25
HealthcareHealthcare2.780.97
Communication ServicesCommunication Services13.021.17
IndustrialsIndustrials2.890.46
TechnologyTechnology28.311.03
 
Category: Asia ex-Japan Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings65
Total Number of Bond Holdings1
Assets in Top 10 Holdings48.69
NameSectorCountry% of Assets
Taiwan Semiconductor Manufacturing Co... 311Taiwan8.63
Tencent Holdings Ltd308China8.48
Alibaba Group Holding Ltd Ordinary Sh... 102China5.79
Samsung Electronics Co Ltd311Korea, Republic Of5.51
ICICI Bank Ltd103India4.22
HDFC Bank Ltd103India4.22
AIA Group Ltd103Hong Kong3.47
MediaTek Inc311Taiwan3.35
Trip.com Group Ltd102China2.75
Bharti Airtel Ltd308India2.27
 
Increase Decrease New since last portfolio
Category: Asia ex-Japan Equity
 
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 Date03/10/1994
Fund Advisor(s)
FIL Fund Management Limited
Fund ManagerTeera Chanpongsang
Manager Start Date01/07/2021
Career Start Year1998
 
Biography
Teera commands a strong background in research and fund management in the telecommunications sector. He has been the research team leader of the Asia Pacific ex-Japan telecommunications sector, and co-manager of the fund, since early 2000. He joined Fidelity in 1994 as a research analyst covering a wide spectrum of sectors including banks and telecommunications in South East Asia, and as the country specialist for Thailand. Since July 1998, Teera has managed Fidelity Funds Thailand Fund.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.25%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.93%
Purchase Details
Minimum Investments
Initial2500  USD
Additional1000  USD
Savings-
Tax Free Savings Schemes
ISAsYes