Fidelity Funds - US High Yield Fund I-MDIST-USD
ISIN LU1235295703 / Valor 28461341
Fidelity Funds - US High Yield Fund I-MDIST-USD
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General Objective
The fund aims to provide high current income and capital growth by primarily investing in USD denominated high yield corporate bonds. Emphasis is placed on bottom-up name selection, due diligence, and ensuring adequate liquidity.
Fund Exposure
The fund is highly diversified and maintains an issuer and sector constrained framework to manage concentration risks inherent within the US high yield market. It has the freedom to invest outside the fund's principal geographies, market sectors, industries, or asset classes. Investments may be made in bonds issued in currencies other than the fund’s reference currency.
Risks
Investors should be aware that the value of investments and any income from them may go down as well as up, and there is a risk that the issuers of bonds may not be able to repay the money they have borrowed or make interest payments. Additionally, rising interest rates may cause the value of the investment to fall.
Source
https://www.fidelity.com.hk/en/funds/factsheet/USHMH/G
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