Fidelity Target™ 2020 Fund A-USD | TATW/G | Fidelity Lifestyle Fund
Important risk warnings / information
  • This fund will typically invest in equities, bonds, interest bearing debt securities and money market securities throughout the world, in accordance with an asset allocation that will become increasingly conservative as the target year 2020 is approached.
  • The fund is subject to risk to capital and income, foreign currency risk, equities risk and risks associated with debt securities, including Credit / Counterparty, Interest Rate, Downgrading, Valuation and Credit Rating Risk. The fund is subject to sovereign debt risk of certain countries within the Eurozone, higher volatility, liquidity, currency and default risks.
  • The fund is subject to the risks of all asset classes included in its asset allocation. To the extent that patterns of correlation or non-correlation among asset classes do not behave as expected, the fund may experience greater volatility or losses than it otherwise would have. The performance of the fund is dependent on the outcome of the asset allocation and there is a risk that losses will be realised as the asset allocation changes. Investors should not select the fund based solely on their age or retirement date. There is no guarantee that investors will receive the principal invested on the target date.
  • The fund may invest in instruments with loss-absorption features which are subject to greater capital risks, liquidity, valuation and sector concentration risk. The fund may invest in CoCos, which are highly complex and are of high risk. CoCos are a form of hybrid debt security with loss-absorption features that are intended to either convert into equity shares of the issuer or have their principal written down upon the occurrence of certain ‘triggers’. The fund may also invest in senior non-preferred debts, which may be subject to write-down upon the occurrence of a trigger event and may result in total loss of principal invested.
  • The fund’s net derivative exposure may be up to 50% of its NAV, the use of derivatives may involve liquidity risk, counterparty credit risk, volatility risk, valuations risks and over-the-counter transaction risk, at times. Exposure to financial derivative instruments and its leverage element may lead to a high risk of significant loss by the fund.
  • Investors may suffer substantial loss of their investments in the fund. Investor should not invest in the fund solely based on the information provided in this document and should read the offering documents, including Product Key Facts (including the risk factors) for details.

Fidelity Funds - Fidelity Target™ 2020 Fund A-USD

Risk rating+

1
2
3
4
5

Morningstar rating

NAV (USD)

US$25.0400
+0.04% (+US$0.0100)
10/05/2024

Overview

Period:
YTD
3m
6m
1yr
3yrs
5yrs
10yrs
 – 
Created with Highstock 6.1.42019-072020-012020-072021-012021-072022-012022-072023-012023-072024-01200420082012201620202…2024-5%0%5%10%15%20%ZoomYTD3m6m1yr3yrs5yrs10yrsFromApr 30, 2019ToApr 30, 2024Fund performanceIndexAs of 30/04/2024

Annual performance

(30/04/2024)

Cumulative performance

(30/04/2024)

Summary of investment objective

The fund aims to achieve capital growth over the long term for investors planning to withdraw substantial portions of their investment in the year 2020. The fund invests in a range of asset classes such as equities, bonds, interest bearing and money market instruments from anywhere in the world, including emerging markets.

Fund facts

Fund category Fidelity Lifestyle Fund
Index (30/04/2024) The benchmark is a blend of market indices▽
Fund manager Pek Ng
Class launch date 10/05/2002
Fund manager (start date) 10/05/2002
Fund size (31/03/2024) US$11.48 (million)
Bloomberg ticker FID2020 LX
PhoneXpress fund code 1039

Data Source: NAV is sourced from Morningstar Asia Limited; the performance information is sourced from Fidelity.

Note: The fund prices quoted are for indication only. The daily change in the fund prices is the difference between the NAV as of the NAV date quoted and of the previous valuation date.

Please refer to the Fidelity Prospectus for Hong Kong Investors for further details (including risk factors).

Where no past performance is shown there was insufficient data available in that period to calculate performance.

Performance has been calculated in the “Denominated currency” set out in the “Fund facts” section in the “Fund data” tab, including ongoing charges and excluding subscription fee and redemption fee you may have to pay.

Past performance information is not indicative of future performance. Investors may not get back the full amount invested. Calculation of performance is based on the NAV-to-NAV for the stated period, with dividend reinvested, in denominated currency.

Payments of dividends out of capital will only be made to seek to maintain a stable payment per share but the payment per share is not fixed. Dividend yield of the fund does not represent the return of the fund, and past dividend yield does not represent future dividend yield. The dividends are not guaranteed.

▽
The benchmark is a blend of Market Indices which consist of SOFR Index. Prior to 02 Aug 2021, USD 1W LIBID. Prior to 01 Dec 2020, Bloomberg Global Aggregate G5 x-US Collateralized ex-European ABS Index, MSCI World Index (Net), USD 1W LIBID. Prior to 01 Jan 2019, Bloomberg Commodity Index, Bloomberg Global Aggregate G5 x-US Collateralized ex-European ABS Index, FTSE EPRA/NAREIT Developed Index (Gross), MSCI World Index (Net), USD 1W LIBID. Prior to 01 Jun 2015, Bloomberg Commodity Index, Bloomberg Global Aggregate G5 x-US Collateralized ex-European ABS Index, FTSE EPRA/NAREIT Developed Index (Gross), MSCI World Index (Net). Prior to 03 Aug 2009, MSCI World Index (Net). As the fund’s exposure to different asset classes evolves over time in line with the fund’s investment policy, the Market Indices referenced and their weightings will also change accordingly. Further information on the current list of Market Indices as well as past weightings is available on request.
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Fund risk ratings shown are the latest risk rating provided by Morningstar. Risk ratings are 1 = Low risk, 2 = Low to Medium risk, 3 = Medium risk, 4 = Medium to High risk, 5 = High risk. Fund risk ratings are generally reviewed on a semi-annual basis.

For more details on Fund risk ratings and its calculation methodology, please refer to the overview.

The fund risk rating is sourced from a methodology developed by Morningstar Investment Management Asia Limited and its affiliates. The fund risk rating is provided to direct investor(s) for reference purposes only.

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Source: Fidelity.