Fact sheet: FL Fid MoneyBuilder Income Pn

Fund information
Fund name
FL Fidelity MoneyBuilder Income Pn
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Sajiv Vaidsince 03/08/2015
  • Ian Spreadburysince 03/10/1995
Underlying fund
Fidelity Moneybld Income
Fund objective
Fidelity state that the fund aims to generate an income. Any income received will be reinvested to increase the value of the units. The fund invests primarily in Sterling denominated (or hedged back to Sterling) bonds. The fund has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments may be made in bonds issued in currencies other than the fund’s denominated currency. Exposure to currencies may be hedged. The fund can invest in bonds issued by governments, companies and other bodies. The fund may use derivatives for investment purposes as well as for efficient portfolio management.
Benchmark
  • BofA Merrill Lynch Euro-Sterling
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
9%
1 Year rank in sector
130/264
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£10m (£11m 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.
41
Top in this sector
Fund name1 Year
AEGON Long Core Plus Pn16.2%
FL TEActv Bln Bd IE16.1%
BlackRock DC AqOv 15 YCrp BdIx HP15%
MetLife Fid Corp Bd 20yr Pn14.6%
OMW IPL L&G AAA CrpBdOv15YIx Pn14.3%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK70.6%
    USA8%
    France5%
    Germany2.9%
    Europe2.5%
  • Investment Grade Bonds37.6%
    Financials23.8%
    Asset/Mortgage-Backed Securities13.4%
    Government Bonds9.5%
    Investment Grade Government Bonds7.8%
  • UK Fixed Interest70.6%
    US Fixed Interest8%
    French Fixed Interest5%
    European Fixed Interest4.8%
    German Fixed Interest2.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%2.9%1.3%9%23.5%44.8%
Sector1%2.8%1.8%8.9%19.9%38.3%
Rank within sector159 / 267126 / 266209 / 265130 / 26446 / 23538 / 218
Quartile3rd2nd4th2nd1st1st
Calendar performance
 YTD - 20172016201520142013
Fund2.5%9.8%1.2%12.7%0.7%
Sector2.2%9.4%0.2%10.5%1%
Rank within sector97 / 265102 / 26151 / 24716 / 235139 / 226
Quartile2nd2nd1st1st3rd
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.
0.91
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
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.
0.7
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%.
5.54
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.
1.09
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.
0.82
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.
0.96
Price movement
52 week high223.3
52 week low201
Current bid price-
Current offer price-
Current mid price219.7
Region
1UK70.64%
2USA7.98%
3France5.03%
4Germany2.86%
5Europe2.53%
6Australasia2.35%
7Continental Europe2.31%
8International1.88%
9Switzerland1.47%
Industry sector
1Investment Grade Bonds37.59%
2Financials23.81%
3Asset/Mortgage-Backed Securities13.41%
4Government Bonds9.46%
5Investment Grade Government Bonds7.76%
6High Yield Bond5.24%
7Others2.01%
8Money Market0.69%
9Index Linked0.06%
Asset type
1UK Fixed Interest70.64%
2US Fixed Interest7.98%
3French Fixed Interest5.03%
4European Fixed Interest4.84%
5German Fixed Interest2.86%
6Asia Pacific Fixed Interest2.35%
7Global Fixed Interest1.86%
8Swiss Fixed Interest1.47%
9Canadian Fixed Interest1.36%
Individual holdings
1UNITED KINGDOM OF GREAT BRITAIN9.67%
2ELECTRICITE DE FRANCE2.42%
3ABBEY NATIONAL TREASURY SERVICES PLC2.07%
4BARCLAYS BANK PLC1.8%
5TRANSPORT FOR LONDON1.74%
6Bank Of Scotland Plc1.72%
7Aa Bond Co Ltd1.69%
8EUROPEAN INVESTMENT BANK1.61%
9NETWORK RAIL INFRA FIN PLC 1.6%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Fidelity state that the fund aims to generate an income. Any income received will be reinvested to increase the value of the units. The fund invests primarily in Sterling denominated (or hedged back to Sterling) bonds. The fund has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments may be made in bonds issued in currencies other than the fund’s denominated currency. Exposure to currencies may be hedged. The fund can invest in bonds issued by governments, companies and other bodies. The fund may use derivatives for investment purposes as well as for efficient portfolio management.
Benchmark
  • BofA Merrill Lynch Euro-Sterling
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Sajiv Vaid03/08/2015Sajiv Vaid joined Fidelity in 2015 and is co-Manager on the Moneybuilder and Extra Income Funds. After graduation Sajiv joined Gerrard Group (1994-1997) as a trainee bond fund manager, joining Fuji Investments as a fully-fledged bond fund manager in 1997, where he managed global fixed income portfolios. In 2001, he joined Royal London Asset Management where he managed their flagship retail and institutional corporate funds. Sajiv graduated from the University of Hull in 1991 in Economic & Social History and holds an MA in Modern International Studies from University of Leeds.
Ian Spreadbury03/10/1995Ian Spreadbury is a Senior Portfolio Manager at Fidelity International with 30 years investment experience. Since joining Fidelity in 1995, he has been responsible for managing several of Fidelity's bond strategies. Previously, he worked for Legal and General in various positions including Senior Portfolio Manager (Bonds). Ian has a BSc in Pure & Applied Mathematics from University College of North Wales and an MSc in Mathematical Statistics from University of Sussex. He is also a Fellow of the Institute of Actuaries and is one of the most experienced fixed income managers in the industry.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Fidelity MoneyBuilder Income Pn
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price219.7
CurrencyGBX
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLR89
FL Fidelity MoneyBuilder Income Pn Inet
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price186.02
CurrencyGBX
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeOQ49
Data provided by

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