Fact sheet: FL Fid Target 2025 EP

Fund information
Fund name
FL Fidelity Target 2025 EP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Joo Hee Leesince 30/06/2010
  • Eugene Philalithissince 06/04/2014
Underlying fund
Fidelity Target 2025
Fund objective
Fidelity state that the objective is to achieve long-term capital growth to 2025. The fund will move increasingly to an asset allocation appropriate to achieve a combination of income and long-term capital growth as 2025 is approached. The policy is to invest in a wide range of investments covering markets throughout the world and providing exposure to bonds, company shares, index based commodity derivatives, property and cash. The fund will invest primarily in funds, including those managed by Fidelity. The manager has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes and can invest in bonds issued by governments, companies and other bodies. The manager 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 and may also make extensive use of derivatives including more complex instruments or strategies to achieve the objective.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Equity, Fixed Interest, Money Market
Quick stats
1 Year return
11.2%
1 Year rank in sector
217/422
Sector
PN Flexible Investment
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.
75
Bid price
301.1
Offer price
301.1
Top in this sector
Fund name1 Year
Aviva Variable Annuity CU Pn27.7%
Aegon Mrc Divfd Gth Pn24.3%
FL Threadneedle Gbl Equ Inc Pn23.5%
FL Thrdndl Gbl Eq Inc XE/IE Pn22.6%
FL Spicers Adventurous Pn22.3%
...more in PN Flexible Investment

Performance snapshot

Holdings snapshot

  • UK23%
    Europe ex UK20.4%
    Money Market14.2%
    Asia Pacific13.8%
    North America11.6%
  • No data available.
  • Europe ex UK Equities20.4%
    Money Market14.2%
    UK Equities14%
    Asia Pacific Equities13.8%
    North American Equities11.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.2%1.4%9.7%11.2%20.5%56.2%
Sector-1.9%-0.2%8.8%10.6%22.1%55%
Rank within sector406 / 485175 / 472285 / 464217 / 422200 / 309177 / 246
Quartile4th2nd3rd3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund11.3%2.5%5.1%16.8%12.2%
Sector11%2.5%6.7%14.8%10.5%
Rank within sector242 / 430179 / 335205 / 309171 / 266103 / 249
Quartile3rd3rd3rd3rd2nd
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.
-1.04
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.
1.15
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.
0.47
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%.
8.14
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.
2.52
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.
-0.01
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 high314.3
52 week low245.8
Current bid price301.1
Current offer price301.1
Current mid price-
Region
1UK23%
2Europe ex UK20.4%
3Money Market14.2%
4Asia Pacific13.8%
5North America11.6%
6Not Specified7%
7Global Emerging Markets6.9%
8International3.1%
Industry sector
No data available.
Asset type
1Europe ex UK Equities20.4%
2Money Market14.2%
3UK Equities14%
4Asia Pacific Equities13.8%
5North American Equities11.6%
6UK Fixed Interest9%
7Commodity & Energy7%
8Global Emerging Market Equities6.9%
9International Equities2.2%
Individual holdings
1THREADNEEDLE ABSOLUTE RETURN BOND I ACC10.08%
2ETFS ALL COMMODITIES DJ-UBSCISM USD6.84%
3ETFS ALL COMMODITIES DJ-UBSCISM USD6.84%
4FIDELITY GROSS ACCUMULATING CASH A GBP4.04%
5SOURCE MSCI EUROPE VALUE SOURCE1.53%
6ISHARES PLC ISHARES CORE FTSE100 UCITS ETF GBP DIST1.48%
7ISHARES PLC ISHARES CORE FTSE100 UCITS ETF GBP DIST1.48%
8ISHARES II PLC MSCI USA DIV IQ UCITS ETF $ DIST USD1.28%
9ROYAL DUTCH SHELL0.82%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Fidelity state that the objective is to achieve long-term capital growth to 2025. The fund will move increasingly to an asset allocation appropriate to achieve a combination of income and long-term capital growth as 2025 is approached. The policy is to invest in a wide range of investments covering markets throughout the world and providing exposure to bonds, company shares, index based commodity derivatives, property and cash. The fund will invest primarily in funds, including those managed by Fidelity. The manager has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes and can invest in bonds issued by governments, companies and other bodies. The manager 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 and may also make extensive use of derivatives including more complex instruments or strategies to achieve the objective.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Equity, Fixed Interest, Money Market
Fund managers
NameSinceBiography
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.
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.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Fidelity Target 2025 EP
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.73%
Bid price301.1
Offer price301.1
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAQO0
FL Fidelity Target 2025 EP S3
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.73%
Bid price301.1
Offer price301.1
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAQO1
Data provided by

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