Key Highlights

  • Fidelity Asia Active ETF (ASX:FASI) held a fund size of $28.87 million across 35 companies, having listed on the ASX on 31 May 2024.
  • Technology is the largest sector at 42.38 per cent, below the category average of 46.95 per cent.
  • Taiwan Semiconductor Manufacturing is the top holding at 13.24 per cent, ahead of Techtronic Industries and Samsung Electronics.
  • The fund's final distribution of $0.761 per unit was considerably higher than the $0.457 per unit paid in the prior comparable period, lifting its annual Yield to 6.90 per cent.

Fidelity Asia Active ETF (ASX:FASI) is an ASX-listed, actively managed fund that invests in companies located in Asia, as well as companies located elsewhere that derive a significant proportion of their Earnings from the region. The fund is benchmarked against the MSCI AC Asia ex Japan NR USD index, was admitted to the ASX on 31 May 2024, and sits within the Equity Asia Pacific w/o Japan Morningstar category, with a fund size of $28.87 million, 2,580,084 units on issue and a management fee of 1.15 per cent.

Sector Composition

FASI's sector allocation is more balanced than some of its peers. Technology represents 42.38 per cent of the fund, below the category average of 46.95 per cent, while financial services accounts for 17.59 per cent, above the category's 13.96 per cent. Consumer cyclical makes up 14.05 per cent, close to the category average of 13.10 per cent, and industrials 8.49 per cent. Communication services contributes 6.79 per cent and basic materials 6.72 per cent, more than double the category's 3.16 per cent. Consumer defensive and healthcare each hold weightings below 2.00 per cent, and the fund carries no allocation to real estate or energy.

By market capitalisation, companies above $1 billion account for 100.00 per cent of the fund, above the category average of 97.02 per cent. The asset mix includes 96.36 per cent in equities and 3.64 per cent in cash, with no bond or other exposure.

Top Holdings

FASI holds 35 companies, with its top 10 positions representing 63.30 per cent of the fund. Taiwan Semiconductor Manufacturing is the largest holding at 13.24 per cent, followed by Techtronic Industries at 8.17 per cent and Samsung Electronics at 7.03 per cent. Tencent Holdings holds a 6.54 per cent weighting, SK hynix 6.02 per cent, Advanced Micro-fabrication Equipment 5.90 per cent, AIA Group 4.86 per cent, Cholamandalam Investment and Finance 4.76 per cent, Sea Limited 3.79 per cent and Yum China Holdings 2.93 per cent.

Geographic Exposure

China represents the largest country exposure at 34.60 per cent, above the category average of 30.30 per cent. Taiwan contributes 17.93 per cent, South Korea 13.55 per cent, India 12.96 per cent, above the category's 5.96 per cent, Hong Kong 15.02 per cent, well above the category average of 5.24 per cent, Singapore 3.93 per cent and Thailand 1.99 per cent.

Distribution and Risk Metrics

FASI reported a Beta of 0.65 and a Standard Deviation of 16.60, among the lower Volatility readings recorded across the funds reviewed. The fund's most recent final distribution was $0.761 per unit, with an ex-date of 1 July 2026, producing an annual yield of 6.90 per cent. This distribution was considerably higher than the $0.457 per unit paid in July 2025 and the $0.292 per unit paid in July 2024. The fund's ISIN is AU0000333908.

Conclusion

Fidelity Asia Active ETF (ASX:FASI) provides actively managed exposure to a relatively concentrated set of 35 companies across China, Taiwan, South Korea, India and Hong Kong. Its sector allocation is more diversified across financials, consumer cyclical and basic materials than some regional peers, and its most recent distribution rose markedly compared with the two prior comparable periods.