Fact sheet: FL Fid Target 2020 EP

Fund information
Fund name
FL Fidelity Target 2020 EP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Eugene Philalithissince 06/04/2014
  • Joo Hee Leesince 30/06/2010
Underlying fund
Fidelity Target TM 2020
Fund objective
The Fund aims to achieve capital growth for investors planning to withdraw their investment in the year 2020. It is intended to close the Fund shortly afterwards. The Fund will initially target growth through exposure to global equity markets and commodities. This will be achieved by investing primarily in funds, including those managed by Fidelity. The Fund’s exposure will become increasingly defensive as the Fund approaches maturity, through global exposure to debt instruments (e.g. bond funds) and cash. As the target date nears, the Fund will have a UK bias and will primarily invest into cash, deposits and gilts, with the aim of capital preservation. At any stage the Fund may also invest directly in transferable securities, money market instruments, cash and deposits. Derivatives may also be used by the fund for efficient portfolio management and for investment purposes.
Benchmark
  • No Specified Index
Investment style
Target Maturity
Investment method
Equity, Fixed Interest, Money Market
Quick stats
1 Year return
13.5%
1 Year rank in sector
254/530
Sector
PN Specialist
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.
51
Bid price
288
Offer price
288
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Performance snapshot

Holdings snapshot

  • UK41.2%
    Not Specified19.5%
    Europe ex UK10.1%
    Asia Pacific8.7%
    Money Market6.9%
  • No data available.
  • UK Fixed Interest33%
    Europe ex UK Equities10.1%
    Commodity & Energy9.9%
    Hedge9.9%
    Asia Pacific Equities8.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%2.3%2.7%13.5%21.4%40.1%
Sector0.4%3%3.9%13.5%24.2%41.9%
Rank within sector329 / 559310 / 555274 / 550254 / 530210 / 397164 / 334
Quartile3rd3rd2nd2nd3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund1.8%13%0.6%5.6%11.6%
Sector2.5%11.6%2%7.2%11%
Rank within sector313 / 555209 / 519281 / 455207 / 393132 / 365
Quartile3rd2nd3rd3rd2nd
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.
-0.46
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.
0.95
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.
0.49
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%.
5.93
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.
1.71
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.
-0.47
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.
0.92
Price movement
52 week high290.1
52 week low251.2
Current bid price288
Current offer price288
Current mid price-
Region
1UK41.2%
2Not Specified19.5%
3Europe ex UK10.1%
4Asia Pacific8.7%
5Money Market6.9%
6North America6.5%
7Global Emerging Markets3.8%
8International3.3%
Industry sector
No data available.
Asset type
1UK Fixed Interest33%
2Europe ex UK Equities10.1%
3Commodity & Energy9.9%
4Hedge9.9%
5Asia Pacific Equities8.7%
6UK Equities7.9%
7Money Market6.9%
8North American Equities6.5%
9Global Emerging Market Equities3.8%
Individual holdings
1UK AGGREGATE BOND FUND GROSS PAYING ACCUMULATION SHARES18.1%
2UK GILT FUND GROSS PAYING ACCUMULATION SHARES13.5%
3ETFS ALL COMMODITIES GBP8.4%
4FIDELITY CASH FUND Y ACCUMULATION SHARES6.9%
5KAMES ICVC - UK EQUITY ABSOLUTE RETURN FUND5.9%
6HELIUM PERFORMANCE A3.9%
7EMERGING MARKETS FUND ACCUMULATION SHARES3.8%
8JAPAN FUND ACCUMULATION SHARES2.9%
9FIDELITY FUNDS - EUROPEAN LARGER COMPANIES FUND Y-ACC-EURO2.8%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
The Fund aims to achieve capital growth for investors planning to withdraw their investment in the year 2020. It is intended to close the Fund shortly afterwards. The Fund will initially target growth through exposure to global equity markets and commodities. This will be achieved by investing primarily in funds, including those managed by Fidelity. The Fund’s exposure will become increasingly defensive as the Fund approaches maturity, through global exposure to debt instruments (e.g. bond funds) and cash. As the target date nears, the Fund will have a UK bias and will primarily invest into cash, deposits and gilts, with the aim of capital preservation. At any stage the Fund may also invest directly in transferable securities, money market instruments, cash and deposits. Derivatives may also be used by the fund for efficient portfolio management and for investment purposes.
Benchmark
  • No Specified Index
Investment style
Target Maturity
Investment method
Equity, Fixed Interest, Money Market
Fund managers
NameSinceBiography
Eugene Philalithis06/04/2014Eugene Philalithis joined Fidelity in 2007 as a Portfolio Manager, with a focus on fixed income and alternatives. Eugene manages a number of multi asset funds with internal and open architecture for both retail and institutional clients. He has currently 17 years of investment experience which includes Russell Investment in London and Canadian Imperial Bank of Commerce in Singapore. Eugene has a Bachelor or Engineering and an MBA, both from Imperial College, London.
Joo Hee Lee30/06/2010Joo Hee is the portfolio manager of a number of Target Funds, denominated in a variety of major currencies. The Target Funds represent $781m of assets under management. She is also the leader of the group's Strategic Asset Allocation Team, responsible for asset class analysis, benchmark design and modelling. Joo Hee joined Fidelity as a Portfolio Manager in 2006. Her prior experience includes the design and co-management of a quantitative fund at Pioneer Investments, and quantitative analysis roles at Russell Investments Group, and Sal. Oppenheim. Joo Hee holds a Ph.D. in Solid State Physics, Cambridge University, and a B.Sc. and M.Sc. in Chemistry. She is CQF qualified and is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Fidelity Target 2020 EP
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.3%
Bid price288
Offer price288
Mid price-
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAQN8
FL Fidelity Target 2020 EP S3
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.3%
Bid price288
Offer price288
Mid price-
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAQN9
Data provided by

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