Fact sheet: Canlife Fidelity MA Open Gth Pn

Fund information
Fund name
Canlife Fidelity Multi Asset Open Growth Pn PS4
Fund manager company
Canada Life Ltd
Fund type
Pension Fund
Fund managers
  • Richard Skeltsince 30/06/2007
Underlying fund
Fidelity MA Open Grth
Fund objective
The fund aims to provide long-term capital growth. The fund invests in a range of assets to gain exposure to equities, bonds, commodities, property and cash based in the UK and other worldwide markets. The Fund will invest in funds and may also invest in transferable securities, money market instruments, cash and deposits. It is anticipated that as an “open” fund, investment shall be made in both funds managed by third party fund providers and funds managed by Fidelity and in such proportions as the investment manager may decide in pursuit of the investment strategy. The fund has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. The fund can invest in bonds issued by governments, companies and other bodies. The fund can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. May also make extensive use of derivatives including more complex instruments or strategies to achieve the investment objective and these may result in leverage. In such situations performance may rise or fall more than it would have done otherwise, reflecting such additional exposure.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
11.9%
1 Year rank in sector
326/794
Sector
PN Mixed Investment 40%-85% Shares
Yield
-
Fund size
£0m (£0m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
62
Bid price
163.4
Offer price
172
Top in this sector
Fund name1 Year
BlackRock LGIM Oseas Consn Idx Pn23.2%
Scot Eq Ext Bal Coll (ex MLC) Pn22%
FL My Ftr Adv Gth XE/IE Pn21.6%
FL My Ftr Advantage Gth Pn21.3%
Scot Eq Caerus Pfl DRP 4 Pn20.5%
...more in PN Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • UK34.1%
    North America18.5%
    Money Market14.8%
    Not Specified12.1%
    International5.8%
  • Equities56.4%
    Fixed Interest16.7%
    Commodity & Energy15.1%
    Others14.8%
    Property8.4%
  • UK Equities23.2%
    North American Equities18.5%
    Commodity & Energy15.1%
    Money Market14.8%
    UK Fixed Interest10.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.6%1.1%9.4%11.9%15%37.8%
Sector-2.2%-0.5%9.1%10.3%20.2%49.6%
Rank within sector668 / 912222 / 912505 / 894326 / 794589 / 691528 / 595
Quartile3rd1st3rd2nd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund12%-1.6%4%8%10.2%
Sector10.6%2.2%5.7%13.1%9.9%
Rank within sector380 / 800708 / 753488 / 692614 / 661304 / 596
Quartile2nd4th3rd4th3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-1.36
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.98
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.25
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
7.02
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
1.64
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.92
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.95
Price movement
52 week high169.1
52 week low134.7
Current bid price163.4
Current offer price172
Current mid price-
Region
1UK34.1%
2North America18.45%
3Money Market14.81%
4Not Specified12.1%
5International5.81%
6Europe ex UK5.74%
7Japan4.23%
8Global Emerging Markets2.43%
9Pacific ex-Japan2.34%
Industry sector
1Equities56.4%
2Fixed Interest16.69%
3Commodity & Energy15.08%
4Others14.81%
5Property8.42%
6Derivatives-11.4%
Asset type
1UK Equities23.21%
2North American Equities18.45%
3Commodity & Energy15.08%
4Money Market14.81%
5UK Fixed Interest10.88%
6Property8.42%
7Global Fixed Interest5.81%
8Europe ex UK Equities5.74%
9Japanese Equities4.23%
Individual holdings
1ILF US DOLLAR FUND DIS C9.83%
2BLACKROCK GLOBAL PROPERTY SECURITIES EQUITY TRACKER L ACC7.42%
3INDEPENDENT FRANCHISE VAR CAP COMP7.27%
4MAJEDIE UK EQUITY X ACC5.96%
5FIDELITY STRATEGIC BOND INC5.09%
6JOHCM UK DYNAMIC Y ACC4.87%
7ARTEMIS INCOME I ACC4.57%
8MORANT WRIGHT SAKURA UNHEDGED ACC JPY4.23%
9FIDELITY INSTITUTIONAL UK AGGREGATE BOND GR4.02%
Management
Fund manager group
Canada Life
Fund manager company
Canada Life Ltd
Fund type
Pension Fund
Fund objective
The fund aims to provide long-term capital growth. The fund invests in a range of assets to gain exposure to equities, bonds, commodities, property and cash based in the UK and other worldwide markets. The Fund will invest in funds and may also invest in transferable securities, money market instruments, cash and deposits. It is anticipated that as an “open” fund, investment shall be made in both funds managed by third party fund providers and funds managed by Fidelity and in such proportions as the investment manager may decide in pursuit of the investment strategy. The fund has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. The fund can invest in bonds issued by governments, companies and other bodies. The fund can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. May also make extensive use of derivatives including more complex instruments or strategies to achieve the investment objective and these may result in leverage. In such situations performance may rise or fall more than it would have done otherwise, reflecting such additional exposure.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
Richard Skelt30/06/2007Richard is a more than 20 years veteran of Fidelity Worldwide Investment. He joined in 1991 as Research Analyst and became Head of Quantitative Research and Portfolio Manager in mid-90s. He is the founder of the Investment Solutions Group, the Fidelity’s $42bn AUM investment team with capabilities in strategic and tactical asset allocation and manager selection. Richard manages a number of multi asset and equity funds with internal and open architecture for both retail and institutional clients. Richard holds an MBA from the London Business School.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Canlife Fidelity Multi Asset Open Growth Pn PS4
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.31%
Total expense ratio (TER)1.57%
Bid price163.4
Offer price172
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeXA53
Canlife Fidelity Multi Asset Open Growth Pn PS5
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.31%
Total expense ratio (TER)1.57%
Bid price108.9
Offer price108.9
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM4PQ
Data provided by

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