Fidelity Global Bond Fund

Fidelity Global Bond Fund
Fund fact sheet Invest now

About this fund

Unique investment style which is tactical, nimble, and high conviction and seeks alpha across active duration, yield curve management and credit exposure

Benefits from the collective investment expertise of our large global fixed income, equity, macro, ESG, and quant research teams

A focus on risk management to ensure the fund is efficiently diversified to ensure no single risk dominates

Why this fund

A broad and diversified portfolio of high-quality fixed-income assets selected from around 30,000 opportunities around the world.

A dedicated fixed income team with long tenure and experience.  Globally, we've been managing global aggregate bonds fo 30+ years.

A clear and repeatable team-based investment process which leverages insights from our network of fixed income and equity analysts worldwide.

The Fidelity advantage in fixed income

 

Did you know that we've been investing in fixed income globally for more than 35 years? Hear from our fixed income experts to discover how we can add value to your fixed income investing.

Is now the time for bonds?

We take a look at why now may be the time for bonds to shine, and why investors should be thinking about including them in their portfolios.

Key facts

Unit prices (at 04/12/24)
Buy 10.3333 / Sell 10.3333
Unit price history
Buy/sell spread
Buy 0.00% / Sell 0.00%

At a glance

Objective
The Funds aims to provide a steady level of income over the medium to long term.
Benchmark
Bloomberg Global Aggregate Bond Index AUD Hedged
Management costs1
0.45%
Fund size (at 04/12/24)
A$1.13M
Inception date
28 February 2024
Distribution frequency
Quarterly
Currency
Australian dollar

Unique identifiers

APIR code
FID0709AU
ARSN code
670 988 539

Fund managers

Rick Patel
Ireland
Ario Emami Nejad
London
Daniel Ushakov
London

Performance2

Chart as at: 30 November 2024

Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Total returns (net) have been calculated using exit prices and take into account the applicable buy/sell spread and are net of fees and costs and assume reinvestment of distributions. No allowance has been made for taxation or for any fees charged by operators of master trusts or wrap accounts through which the products are offered. Returns of more than one year are annualised. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. The Fund gains its exposure to global fixed income by investing in an offshore fund managed by one of our related entities (Underlying Fund). The holdings of the Underlying Fund are not selected, managed or measured with reference to any benchmark. 

Net returns as at 30 November 2024

Timeframe 1 mth
%
3 mth
%
6 mth
%
Since inception
(28/02/24) % pa
Fund 1.35 0.40 4.59 4.44
Benchmark 1.16 0.70 4.42 4.45
Active return 0.19 -0.30 0.17 -0.01

Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Total returns (net) have been calculated using exit prices and take into account the applicable buy/sell spread and are net of fees and costs and assume reinvestment of distributions. No allowance has been made for taxation or for any fees charged by operators of master trusts or wrap accounts through which the products are offered. Returns of more than one year are annualised. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. The Fund gains its exposure to global fixed income by investing in an offshore fund managed by one of our related entities (Underlying Fund). The holdings of the Underlying Fund are not selected, managed or measured with reference to any benchmark. 

Net as at 30 November 2024

1 mth
%
3 mth
%
6 mth
%
Since inception
(28/02/24) % pa
Total return 1.35 0.40 4.59 4.44
Growth 1.35 -0.86 3.28 3.14
Income - 1.25 1.31 1.30

Growth return is the unit price movement on exit to exit basis. Income is expressed as Total Return less growth component.

Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Total returns (net) have been calculated using exit prices and take into account the applicable buy/sell spread and are net of fees and costs and assume reinvestment of distributions. No allowance has been made for taxation or for any fees charged by operators of master trusts or wrap accounts through which the products are offered. Returns of more than one year are annualised. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. The Fund gains its exposure to global fixed income by investing in an offshore fund managed by one of our related entities (Underlying Fund). The holdings of the Underlying Fund are not selected, managed or measured with reference to any benchmark. 

DistributionDistribution (CPU)Reinvestment price
30-Sep-2413.1081$10.3694

CPU = cents per unit. The above cash CPU excludes imputation credits and foreign income tax offsets which are non-cash components and are reported in the end of year tax statement. If the Distribution CPU column is 0.0000 it means that nothing was distributed. 

Sectors and holdings

As at 31 October 2024

As at 31 October 2024

As at 31 October 2024

% total net assets
USTN 4% 02/15/34 4.9%
GERMANY GOVT 2.2% 02/15/34 RGS 4.1%
USTN 4.875% 10/31/28 3.9%
UK GILT 0.875% 07/31/33 RGS 3.8%
USTN 4.5% 11/30/24 3.7%
USTN 4.625% 05/31/31 3.1%
USTN 3.875% 08/15/34 3.0%
USTN 3.75% 08/31/31 3.0%
USTN 4% 07/31/29 3.0%
CHINA GOVT 2.8% 11/15/32 3.0%

Fund ratings3

Organisation Rating / Recommendation
Morningstar Neutral4
Lonsec

Recommended5
The Lonsec report is only available to financial advisers, please contact us for a copy

This Fund is subject to the risk of stock market fluctuations. Investors accessing the Fund through a master trust or wrap account will also bear any fees charged by the operator of such master trust or wrap account. Any apparent discrepancies in the numbers are due to rounding.

1Management costs and buy/sell spread are current as at the date of publication of this website. These fees may be subject to change in the future.

2The Fund gains its exposure to global fixed income by investing in an offshore fund managed by one of our related entities (Underlying Fund). The holdings of the Underlying Fund are not selected, managed or measured with reference to any benchmark. 

3You should refer to respective research houses (and their disclaimers below) to obtain further information about the meaning of the rating and the rating scale. Ratings are only one factor to be taken into account when deciding whether to invest. Ratings are subject to change without notice and may not be regularly updated. Ratings are current as at date (s) stated below. Fidelity pays a fee to some research houses for rating our funds.

4 ©2024 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and opinions presented herein do not constitute investment advice; are provided solely for informational purposes and therefore are not an offer to buy or sell a security; and are not warranted to be correct, complete or accurate. The opinions expressed are as of the date written and are subject to change without notice. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, the information, data, analyses or opinions or their use. The information contained herein is the proprietary property of Morningstar and may not be reproduced, in whole or in part, or used in any manner, without the prior written consent of Morningstar. Investment research is produced and issued by subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869. Please see  important disclosures at the end of this report.

5The Lonsec Rating (assigned May 2024) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to "General Advice" (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Fidelity International product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria.

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