Fact sheet: FL Composite Fid Spcl Sits Pn

Fund information
Fund name
FL Composite Fidelity Special Situations Pn
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Jorma Korhonensince 01/12/2011
  • Sanjeev Shahsince 01/12/2011
No data available.
Fund objective
The fund's investment objective is to achieve long-term capital growth from a portfolio primarily made up of the shares of companies in the UK and around the world. The fund has a blend of investments in larger, medium and smaller sized companies. The fund is not restricted in its choice of companies either by size or industry, or in terms of the geographical split of the portfolio, and will choose stocks largely determined by the availability of attractive investment opportunities. The fund may also invest in other transferable securities, units in collective investment schemes, money market instruments, cash and deposits. Derivatives and forward transactions may also be used for investment purposes. The fund may also use derivatives for efficient portfolio management.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
16.5%
1 Year rank in sector
512/961
Sector
PN Global Equities
Yield
-
Fund size
£8m (£7m 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.
94
Top in this sector
Fund name1 Year
AXA Wealth Sch ISF Gbl Recv Pn32.8%
L&G M&G Global Dividend Pn30%
Aviva M&G Global Div Pn29.7%
OMW M&G Global Div29.6%
OMW IPL M&G Global Dividend Pn29.6%
...more in PN Global Equities

Performance snapshot

Holdings snapshot

  • UK44.6%
    USA32.6%
    Japan5.5%
    International3.9%
    France3.1%
  • Financials24.6%
    Industrials17.9%
    Information Technology11.6%
    Health Care10.2%
    Consumer Discretionary5.4%
  • UK Equities44.6%
    US Equities32.6%
    Japanese Equities5.5%
    French Equities3.1%
    Dutch Equities2.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.5%4.6%14.8%16.5%41.8%123%
Sector-2.2%2.3%13.9%16.1%31.7%75.5%
Rank within sector332 / 1039196 / 1035481 / 1025512 / 961168 / 8498 / 746
Quartile2nd1st2nd3rd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund15.4%12.9%7.9%31%23.9%
Sector16.6%3.7%7.8%21.4%11.2%
Rank within sector599 / 96311 / 921389 / 84917 / 8203 / 752
Quartile3rd1st2nd1st1st
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.
2.41
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.
1.01
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.
0.79
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%.
11.5
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.
5.23
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.
0.45
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.
0.78
Price movement
52 week high465.3
52 week low338.8
Current bid price-
Current offer price-
Current mid price454.7
Region
1UK44.64%
2USA32.55%
3Japan5.55%
4International3.92%
5France3.1%
6Netherlands2.56%
7Korea1.98%
8Austria1.26%
9Hong Kong1.21%
Industry sector
1Financials24.55%
2Industrials17.85%
3Information Technology11.58%
4Health Care10.19%
5Consumer Discretionary5.43%
6Oil & Gas4.67%
7Consumer Services3.83%
8Technology3.78%
9Energy3.52%
Asset type
1UK Equities44.64%
2US Equities32.55%
3Japanese Equities5.55%
4French Equities3.1%
5Dutch Equities2.56%
6South Korean Equities1.98%
7Austrian Equities1.26%
8Hong Kong Equities1.21%
9Money Market1.07%
Individual holdings
1FIDELITY GLOBAL SPECIAL SITUATIONS ACC50.27%
2FIDELITY SPECIAL SITUATIONS A ACC49.73%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
The fund's investment objective is to achieve long-term capital growth from a portfolio primarily made up of the shares of companies in the UK and around the world. The fund has a blend of investments in larger, medium and smaller sized companies. The fund is not restricted in its choice of companies either by size or industry, or in terms of the geographical split of the portfolio, and will choose stocks largely determined by the availability of attractive investment opportunities. The fund may also invest in other transferable securities, units in collective investment schemes, money market instruments, cash and deposits. Derivatives and forward transactions may also be used for investment purposes. The fund may also use derivatives for efficient portfolio management.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Jorma Korhonen01/12/2011Jorma Korhonen is a Portfolio Manager at Fidelity International Ltd (FIL). From FIL's London headquarters, Mr. Korhonen manages the Fidelity Global Special Situations Fund. Mr. Korhonen has previously run the Fidelity Funds International (European ex-UK pool), Switzerland, Italy and Iberia funds as well as the Fidelity (JIT) Global Equity Fund. A ten-year veteran of Fidelity, Mr. Korhonen became a portfolio manager in January 2002. He joined Fidelity in 1996 and spent the next six years as a research analyst, both in London and in Boston. As an analyst he covered many sectors, including banks and financial services. Before joining Fidelity, Mr. Korhonen spent five years with Dai-ichi Kangyo Bank in Luxembourg. Born in Helsinki, Finland in 1966, Mr. Korhonen has an MBA from the IMD business school in Lausanne, Switzerland and a BBA from the Schiller International University, Germany.
Sanjeev Shah01/12/2011Sanjeev Shah is a portfolio manager with Fidelity Investment Services Limited. He has been with Fidelity since 1996, when he joined as a research analyst covering the food retail, media, pharmaceutical and telecom sectors. Between 1998 and 2002, Sanjeev was the Assistant Portfolio Manager to the UK Income Fund Managers. In October 2002, he took on the management responsibility for the Fidelity UK Aggressive Fund.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Composite Fidelity Special Situations Pn
Initial charge-
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price454.7
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLM23
FL Composite Fidelity Special Situations Pn Inet
Initial charge-
Annual charge1.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.09%
Bid price-
Offer price-
Mid price352.99
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeOQ50
Data provided by

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