Fidelity Global Short Duration Income - Managed Fund

Fund Objective

To provide a steady level of income and positive total returns over the medium to long term.

Fund Strategy

The Fidelity Global Short Duration Income Fund provides exposure through the Underlying Fund to investment grade and high yield corporate bonds which have a low duration (sensitivity to interest rates). The Fund seeks to maintain an overall average credit rating of investment grade, however may invest up to 50% of its assets in sub-investment grade securities. It may also invest in fixed income assets other than corporate bonds as a means of adding performance.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	0.7%	1.44%	3.85%	7.99%	-%	-%	-%	-%
Growth return	0.7%	0.06%	1.14%	2.69%	-%	-%	-%	-%
Income return	0%	1.38%	2.71%	5.3%	-%	-%	-%	-%
Market index (Bloomberg Global Aggregate TR Hdg AUD)
Total return	0.75%	1.93%	2.33%	4.78%	6.56%	4.35%	-0.42%	1.97%

As at 31 May 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

General Information

Fund Details

Type	Description
Fund Name	Fidelity Global Short Duration Income
APIR Code	FID5964AU
Sector/Asset Class	Diversified Credit
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	28 Jul 2022
Fund Size	$1.03 million (as at 31 May 2024)
Entry Price	$10.2549 (as at 7 Jun 2024)
Exit Price	$10.2549 (as at 7 Jun 2024)
Fund Status	Open

Offer information

Type	Description
MER	0.45% (as at 15 Dec 2023)
Indirect Cost Ratio (ICR)	0.45% (as at 30 Jun 2023)
Performance fee (not included in ICR)	0
Minimum initial investment	$25,000
Minimum additional investments

Top 10 holdings (as at 30 Jun 2023)

Holding (as at 30 Jun 2023)	Type	% of Portfolio
Fidelity ILF - USD A Acc	Mutual Fund - Open End	5.40%
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FAQs about the Fidelity Global Short Duration Income

What is the objective of the Fidelity Global Short Duration Income managed fund?

The objective of the Fidelity Global Short Duration Income managed fund is To provide a steady level of income and positive total returns over the medium to long term.

What is the strategy for the Fidelity Global Short Duration Income managed fund?

The strategy of the Fidelity Global Short Duration Income managed fund is The Fidelity Global Short Duration Income Fund provides exposure through the Underlying Fund to investment grade and high yield corporate bonds which have a low duration (sensitivity to interest rates). The Fund seeks to maintain an overall average credit rating of investment grade, however may invest up to 50% of its assets in sub-investment grade securities. It may also invest in fixed income assets other than corporate bonds as a means of adding performance.

What is the APIR code of the Fidelity Global Short Duration Income managed fund?

The APIR code of the Fidelity Global Short Duration Income managed fund is FID5964AU.

What was Fidelity Global Short Duration Income’s total return last month?

Fidelity Global Short Duration Income’s total return last month was 0.7%. This was made up of a growth return of 0.7% and an income return of 0%. These returns were calculated as at 31 May 2024.

What was Fidelity Global Short Duration Income’s total return for the last three months?

Fidelity Global Short Duration Income’s total return for the last three months was 1.44%. This was made up of a growth return of 0.06% and an income return of 1.38%%. These returns were calculated as at 31 May 2024.

What is Fidelity Global Short Duration Income’s one-year total return?

Fidelity Global Short Duration Income’s one-year total return is 7.99%. This was made up of a growth return of 2.69% and an income return of 5.3%. These returns were calculated as at 31 May 2024.

What is Fidelity Global Short Duration Income’s three-year total return?

Fidelity Global Short Duration Income’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 May 2024.

What is the asset allocation of the Fidelity Global Short Duration Income managed fund?

The asset allocation of the Fidelity Global Short Duration Income managed fund is :

Fixed Interest: 100%

Australian Equities: 0%

International Equities: 0%

Cash: 0%

Alternatives: 0%

What sector/asset class does the Fidelity Global Short Duration Income managed fund belong to?

The Fidelity Global Short Duration Income managed fund belongs to the Diversified Credit sector/asset class.

What is the size of the Fidelity Global Short Duration Income managed fund?

As at 31 May 2024, the size of the Fidelity Global Short Duration Income managed fund was $1.03 million.

What is the inception date of the Fidelity Global Short Duration Income managed fund?

The Fidelity Global Short Duration Income managed fund has an inception date of 28 Jul 2022.

What is the current entry price of the Fidelity Global Short Duration Income managed fund?

The current entry price of the Fidelity Global Short Duration Income managed fund is $10.2549 per unit and the current exit price is $10.2549 per unit (as at 7 Jun 2024).

What is the current exit price of the Fidelity Global Short Duration Income managed fund?

The current exit price of the Fidelity Global Short Duration Income managed fund is $10.2549 per unit and the current entry price is $10.2549 per unit (as at 7 Jun 2024).

What is the minimum investment amount for the Fidelity Global Short Duration Income managed fund?

The minimum initial investment amount for the Fidelity Global Short Duration Income managed fund is $25,000. Minimum additional investment is $0.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

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