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 01/07/2010
  • Eugene Philalithissince 07/04/2014
Underlying fund
Fidelity Target 2025
Fund objective
Fidelity state that the aim of the fund is to achieve capital growth for investors planning to withdraw their investment in the year 2025. 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 acheived 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 (eg 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
15.6%
1 Year rank in sector
249/401
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.
73
Bid price
318.3
Offer price
318.3
Top in this sector
Fund name1 Year
Baillie Gifford International PP29.4%
OMW IPL F&CUK EqLkd GiltPn29.3%
Scot Eq UBS Stockmkt Mgd Pn28.5%
OMW M&G Managed Growth28%
Pru Ex-DSF InvesPerp MgdGth Pn26.7%
...more in PN Flexible Investment

Performance snapshot

Holdings snapshot

  • UK27%
    Europe ex UK18.4%
    Not Specified18.3%
    Asia Pacific14.4%
    North America11.4%
  • No data available.
  • Europe ex UK Equities18.4%
    Asia Pacific Equities14.4%
    UK Equities13.8%
    UK Fixed Interest13.2%
    North American Equities11.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.1%1.5%1.8%15.6%26.5%57.3%
Sector-0.3%2.3%2.8%14.2%27.4%55.4%
Rank within sector297 / 446369 / 445316 / 424249 / 401214 / 319176 / 259
Quartile3rd4th3rd3rd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund1.9%15.5%2.5%5%16.9%
Sector2.5%14.2%2.5%6.7%14.8%
Rank within sector333 / 427208 / 388176 / 334204 / 310165 / 269
Quartile4th3rd3rd3rd3rd
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.
-1.06
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.
1.12
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.
0.66
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%.
7.87
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.
2.4
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.
-0.04
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 high325.4
52 week low266.7
Current bid price318.3
Current offer price318.3
Current mid price-
Region
1UK27%
2Europe ex UK18.4%
3Not Specified18.3%
4Asia Pacific14.4%
5North America11.4%
6Global Emerging Markets6.6%
7International3%
8Money Market0.7%
9Others0.2%
Industry sector
No data available.
Asset type
1Europe ex UK Equities18.4%
2Asia Pacific Equities14.4%
3UK Equities13.8%
4UK Fixed Interest13.2%
5North American Equities11.4%
6Hedge9.6%
7Commodity & Energy8.7%
8Global Emerging Market Equities6.6%
9International Equities2.2%
Individual holdings
1ETFS ALL COMMODITIES (GB)8.7%
2UK AGGREGATE BOND FUND GROSS PAYING ACCUMULATION SHARES7.2%
3EMERGING MARKETS FUND ACCUMULATION SHARES6.6%
4KAMES ICVC - UK EQUITY ABSOLUTE RETURN FUND5.8%
5UK GILT FUND GROSS PAYING ACCUMULATION SHARES5.4%
6FIDELITY FUNDS - EUROPEAN LARGER COMPANIES FUND Y-ACC-EURO5.1%
7JAPAN FUND ACCUMULATION SHARES4.8%
8FIDELITY FUNDS - EUROPEAN DIVIDEND FUND YACC-EURO4.7%
9FIDELITY FUNDS - EUROPEAN VALUE FUND Y-ACCEURO4.6%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Fidelity state that the aim of the fund is to achieve capital growth for investors planning to withdraw their investment in the year 2025. 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 acheived 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 (eg 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
Joo Hee Lee01/07/2010Joo 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 Philalithis07/04/2014<<AUTOMATED>>
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 price318.3
Offer price318.3
Mid price-
CurrencyGBX
Price updated24/04/2017
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 price318.3
Offer price318.3
Mid price-
CurrencyGBX
Price updated24/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAQO1
Data provided by

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