Fact sheet: FL Fid Target 2030 EP

Fund information
Fund name
FL Fidelity Target 2030 EP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Eugene Philalithissince 07/04/2014
  • Joo Hee Leesince 01/07/2010
Underlying fund
Fidelity Target 2030
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 2030. 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
17.5%
1 Year rank in sector
145/401
Sector
PN Flexible Investment
Yield
-
Fund size
£1m (£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.
86
Bid price
348.7
Offer price
348.7
Top in this sector
Fund name1 Year
OMW M&G Managed Growth27.8%
OMW IPL F&CUK EqLkd GiltPn27.6%
Baillie Gifford International PP27%
OMW CF Miton Worldwide Oppo26.7%
Aviva Variable Annuity CU Pn26.3%
...more in PN Flexible Investment

Performance snapshot

Holdings snapshot

  • Europe ex UK24.8%
    UK21.4%
    Asia Pacific18.8%
    North America15.2%
    Global Emerging Markets8.8%
  • No data available.
  • Europe ex UK Equities24.8%
    Asia Pacific Equities18.8%
    UK Equities18.4%
    North American Equities15.2%
    Global Emerging Market Equities8.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.7%0.8%2.2%17.5%36.1%69.2%
Sector-1.4%1.6%2.6%13.7%28.3%53.3%
Rank within sector305 / 446355 / 445270 / 424145 / 40189 / 31980 / 259
Quartile3rd4th3rd2nd2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund2.3%16.9%5%6.2%21%
Sector2.2%14.2%2.5%6.7%14.8%
Rank within sector242 / 427156 / 38878 / 334147 / 31059 / 269
Quartile3rd2nd1st2nd1st
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.
-0.56
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.
1.32
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.
0.81
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%.
9.31
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.
3.51
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.
0.58
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.
0.91
Price movement
52 week high360
52 week low284.3
Current bid price348.7
Current offer price348.7
Current mid price-
Region
1Europe ex UK24.8%
2UK21.4%
3Asia Pacific18.8%
4North America15.2%
5Global Emerging Markets8.8%
6Not Specified7.7%
7International2.9%
8Money Market0.4%
Industry sector
No data available.
Asset type
1Europe ex UK Equities24.8%
2Asia Pacific Equities18.8%
3UK Equities18.4%
4North American Equities15.2%
5Global Emerging Market Equities8.8%
6Hedge4.8%
7UK Fixed Interest3%
8Commodity & Energy2.9%
9International Equities2.9%
Individual holdings
1EMERGING MARKETS FUND ACCUMULATION SHARES8.8%
2FIDELITY FUNDS - EUROPEAN LARGER COMPANIES FUND Y-ACC-EURO6.8%
3FIDELITY FUNDS - EUROPEAN DIVIDEND FUND Y ACC-EURO6.3%
4JAPAN FUND ACCUMULATION SHARES6.2%
5FIDELITY FUNDS - EUROPEAN VALUE FUND Y-ACC-EURO6.1%
6FIDELITY AMERICAN SPECIAL SITUATIONS ACC5.4%
7FIDELITY SPECIAL SITUATIONS A ACC5.1%
8FIDELITY RENAISSANCE FUND F ACCUMULATION SHARES4.4%
9FIDELITY MONEYBUILDER GROWTH INC4%
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 2030. 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
Eugene Philalithis07/04/2014<<AUTOMATED>>
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.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Fidelity Target 2030 EP
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.69%
Bid price348.7
Offer price348.7
Mid price-
CurrencyGBX
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAQO2
FL Fidelity Target 2030 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)1.69%
Bid price348.7
Offer price348.7
Mid price-
CurrencyGBX
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAQO3
Data provided by

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