Fact sheet: FF AusDoCa

Fund information
Fund name
FF Australian Dollar Cash A Acc AUD
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund manager
  • Timothy Fostersince 17/11/2008
Fund objective
Aims to provide a return in line with money market rates, with capital security and liquidity being the primary considerations. At least 70% invested in Australian Dollar denominated interest bearing debtwith less than 12 months to maturity. The types of debt securities may include instruments of US and other banks, commercial papers, obligations issued or guaranteed by governments, governmental agencies, or instrumentalities, variable rate notes, variable rate certificates of deposit, certain investment grade collateralised mortgage obligations and other asset-backed securities, and issues of governments and supranational agencies, such as Treasury Bills, notes and bonds. Has the freedom to invest in other permitted assets such as money market instruments and cash provided the average residual maturity of the portfolio is not more than 12 months. 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. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund.
Benchmark
  • AUD Overnight Index Swap 1 Week
Investment style
None
Investment method
Short Dated Bonds
Quick stats
1 Year return
1.2%
1 Year rank in sector
4/22
Sector
FO Currency - Other
Yield
1%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.22%
Fund size
£145m (£149m 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.
85
Top in this sector
Fund name1 Year
Nomura C101.6%
UBS (L)MnMk-AUD1.5%
JPM Liq AUD Liq1.5%
FF AusDoCa1.2%
Oasis Cres Gbl ST Inc0.5%
...more in FO Currency - Other

Performance snapshot

Holdings snapshot

  • France24.2%
    Australia20.4%
    Netherlands18%
    Japan8.6%
    Not Specified7%
  • A33.6%
    Others26.8%
    AA17.9%
    AAA17.6%
    A+4.1%
  • Money Market100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%0.3%0.6%1.2%4%8.9%
Sector-0.2%-0.3%-0.3%0.1%-0.4%0.4%
Rank within sector2 / 233 / 233 / 234 / 223 / 213 / 21
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund1.2%1.2%1.5%1.7%2.8%
Sector0%-0.7%0.3%-0.4%1.5%
Rank within sector5 / 224 / 234 / 225 / 225 / 22
Quartile1st1st1st1st1st
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.
1.31
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.
-
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%.
0.06
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.
0.61
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.
2.36
Price movement
52 week high10.11
52 week low9.99
Current bid price-
Current offer price-
Current mid price10.11
Region
1France24.17%
2Australia20.41%
3Netherlands18.03%
4Japan8.63%
5Not Specified7.01%
6International6.54%
7Norway4.15%
8Canada4.15%
9Germany4.14%
Industry sector
1A33.57%
2Others26.78%
3AA17.9%
4AAA17.61%
5A+4.14%
Asset type
1Money Market100%
Individual holdings
1AUSTRALIA(COMMONWEALTH OF) 6% BDS 15/02/2017 AUD10007.06%
2WESTPAC BANKING CORP 7.25% BDS 18/11/16 AUD1000004.28%
3TREASURY CORP OF VICTORIA 5.75% BDS 15/11/16 AUD1004.25%
4INTERNATIONAL BANK FOR REC & DEV 6% BDS 09/11/16 AUD1000003.48%
5EUROPEAN INVESTMENT BANK 6.125% MTN 23/01/17 AUD10003.18%
6NESTLE FINANCE INTL LTD 4.625% NTS 29/03/17 AUD20002.55%
7NETWORK RAIL INFRASTRUCTURE FINANCE 6% NTS 15/11/16 AUD1000000.28%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
Aims to provide a return in line with money market rates, with capital security and liquidity being the primary considerations. At least 70% invested in Australian Dollar denominated interest bearing debtwith less than 12 months to maturity. The types of debt securities may include instruments of US and other banks, commercial papers, obligations issued or guaranteed by governments, governmental agencies, or instrumentalities, variable rate notes, variable rate certificates of deposit, certain investment grade collateralised mortgage obligations and other asset-backed securities, and issues of governments and supranational agencies, such as Treasury Bills, notes and bonds. Has the freedom to invest in other permitted assets such as money market instruments and cash provided the average residual maturity of the portfolio is not more than 12 months. 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. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund.
Benchmark
  • AUD Overnight Index Swap 1 Week
Investment style
None
Investment method
Short Dated Bonds
Fund manager
NameSinceBiography
Timothy Foster17/11/2008Tim Foster is a Portfolio Manager within Fidelity International’s London-based fixed income team managing various money market and short-term bond funds. Tim joined Fidelity in 2003 as a Quantitative Analyst and progressed to become a Portfolio Manager in 2007. He has a BA MSc in Natural Sciences from Cambridge University and is a CFA Charterholder. He also has a Certificate in Quantitative Finance.
Compliance
Transparent for Austrian Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Spain, Finland, France, United Kingdom, Guernsey, Hong Kong, Ireland, Iceland, Italy, Jersey, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Portugal, Sweden, Taiwan - Province Of China
FF Australian Dollar Cash A Acc AUD
Initial charge-
Annual charge0.4%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price10.1128
CurrencyAUD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFJ15
FF Australian Dollar Cash W Acc AUD
Initial charge-
Annual charge0.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.13
CurrencyAUD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE19M
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