Morningstar Fund Report  | 11/04/2025Print

Fidelity Funds - US Dollar Cash Fund A-DIST-USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Fidelity Funds - US Dollar Cash Fund A-DIST-USD
Fund0.714.2-0.97.1-2.0
+/-Cat0.00.70.20.30.0
+/-B’mrk-0.3-0.3-0.1-0.10.0
 
Category: USD Money Market
Category Benchmark: Morningstar USD 1M Cash TR USD
Key Stats
NAV
10/04/2025		 USD 12.22
Day Change -1.57%
Morningstar Category™ USD Money Market
ISIN LU0064963852
Fund Size (Mil)
28/02/2025		 USD 2503.56
Share Class Size (Mil)
10/04/2025		 USD 542.78
Max Initial Charge -
Ongoing Charge
28/03/2025		  0.31%
Investment Objective: Fidelity Funds - US Dollar Cash Fund A-DIST-USD
The fund aims to offer returns in line with money market rates over the recommended holding period. The fund invests at least 70% (and normally 75%) in US dollar denominated money market instruments such as reverse repurchase agreements and deposits. The fund qualifies as a short-term VNAV money market fund and it is rated Aaa-mf by Moody’s Investor Services, Inc.
Returns
Trailing Returns (GBP)10/04/2025
YTD-2.26
3 Years Annualised4.42
5 Years Annualised1.68
10 Years Annualised2.93
12 Month Yield 5.05
Dividend Paying Frequency Annually
Management
Manager Name
Start Date
Timothy Foster
17/11/2008
Ravin Seeneevassen
01/04/2025
Inception Date
20/09/1993

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Not BenchmarkedMorningstar USD 1M Cash TR USD
Portfolio Profile for  Fidelity Funds - US Dollar Cash Fund A-DIST-USD28/02/2025
Fixed Income
Effective Maturity-
Effective Duration-
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond1.860.001.86
Property0.000.000.00
Cash153.3255.1798.14
Other0.000.000.00
Growth Of 1000 (GBP) 31/03/2025
Fund:  Fidelity Funds - US Dollar Cash Fund A-DIST-USD
Category:  USD Money Market
Category Index:  Morningstar USD 1M Cash TR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return7.87-2.09-2.910.6914.22-0.887.10-1.97
+/- Category0.03-0.36-0.50-0.020.720.160.28-0.02
+/- Category Index-0.43-0.39-0.36-0.27-0.26-0.08-0.12-0.03
% Rank in Category6679927427513353
Trailing Returns (GBP)10/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.57   -1.66-1.58
1 Week1.67   -0.14-0.05
1 Month-0.09   -1.83-1.80
3 Months-4.67   -2.52-2.14
6 Months2.90   -1.74-1.89
YTD-2.26   -1.93-1.59
1 Year1.66   -2.41-2.67
3 Years Annualised4.42   -0.43-0.69
5 Years Annualised1.68   -0.36-0.53
10 Years Annualised2.93   -0.24-0.50
 
Category: USD Money Market
Category Index: Morningstar USD 1M Cash TR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-1.97---
20242.241.24-4.498.33
2023-1.66-1.535.51-2.98
20222.838.539.32-6.38
2021-1.03-0.162.41-0.49
20207.180.41-4.51-5.52
 
 
 
Morningstar Rating™(Relative to Category)-
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-Year--Not Rated
5-Year--Not Rated
10-Year--Not Rated
Overall--Not Rated
 
Category :  USD Money MarketClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev8.24 %
3-Yr Mean Return5.28 %
 
3-Yr Sharpe Ratio0.14
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar USD 1M Cash TR USD  Morningstar USD 1M Cash TR USD
3-Yr Beta1.101.10
3-Yr Alpha-0.11-0.11
 
Fixed Income Style-
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)USD 2504
Maturity Distribution %
1 to 30.00
3 to 50.00
5 to 70.00
7 to 100.00
10 to 150.00
15 to 200.00
20 to 300.00
Over 300.00
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA -   BB-
AA-   B-
A-   Below B-
BBB-   Not Rated-
 
Category: USD Money Market
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock0.000.000.00
Bond1.860.001.86
Property0.000.000.00
Cash153.3255.1798.14
Other0.000.000.00
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings2
Assets in Top 10 Holdings77.45
NameSectorCountry% of Assets
BRED BANQUE POPULAIRE TD 4.34% 03/05/... France7.99
LANDESBANK BADEN-WUERT (UNGTD) TD 4.3... Germany7.99
BRED BANQUE POPULAIRE TD 4.34% 03/04/... France7.99
LANDESBANK BADEN-WUERT (UNGTD) TD 4.3... Germany7.99
LANDESBANK BADEN-WUERT (UNGTD) TD 4.3... Germany7.99
BRED BANQUE POPULAIRE TD 4.34% 03/03/... France7.99
LANDESBANK HESS-THURNGN(UNGTD) TD 4.3... Germany7.96
LANDESBANK HESS-THURNGN(UNGTD) TD 4.3... Germany7.96
LANDESBANK HESS-THURNGN(UNGTD) TD 4.3... Germany7.96
KBC BANK NV TD 4.32% 03/03/2025Belgium5.61
 
Increase Decrease New since last portfolio
Category: USD Money Market
 
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 Date20/09/1993
Fund Advisor(s)
FIL Fund Management Limited
Fund ManagerTimothy Foster
Manager Start Date17/11/2008
Education
Cambridge University, B.A.
Cambridge University, M.S.
 
Biography
Tim Foster is a Portfolio Manager of Fidelity’s money market, inflation-linked and total return bond disciplines. Tim joined Fidelity in 2003 as a Quantitative Analyst and became a Portfolio Manager in 2007. Tim is the Lead Portfolio Manager for Fidelity’s money market funds and Co Portfolio Manager on Fidelity’s inflation-linked and strategic bond funds. Tim is therefore a key member of both Fidelity’s Money Market & Short Dated and Total Return & Unconstrained strategy teams. Tim has a BA, MSci in Natural Sciences from Cambridge University and is a CFA charter holder. He also has a Certificate in Quantitative Finance.
Fund ManagerRavin Seeneevassen
Manager Start Date01/04/2025
Education
University of Oxford, M.S.
 
Biography
Ravin Seeneevassen is a Portfolio Manager of Fidelity’s inflation-linked, total return bond and money market disciplines. Ravin is the Lead Portfolio Manager for Fidelity’s inflation-linked and absolute return funds and Co Portfolio Manager on Fidelity’s strategic bond and money market funds. Ravin is therefore a key member of both Fidelity’s Money Market & Short Dated and Total Return & Unconstrained strategy teams. Ravin joined Fidelity in November 2024 with extensive experience in unconstrained fixed income strategies, having previously been a portfolio manager in Allianz Global Investors’ Macro Unconstrained Fixed Income team. Ravin has an MEng in Engineering, Economics & Management from Oxford University and an MSc in Machine Learning from the University of London. He also holds the Investment Management Certificate (IMC).
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.15%
Ongoing Charge0.31%
Purchase Details
Minimum Investments
Initial2500  USD
Additional1000  USD
Savings-
Tax Free Savings Schemes
ISAsYes