Fact sheet: FL Fidelity Spl Sit AP

Fund information
Fund name
FL Fidelity Special Situations AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Alex Wrightsince 01/01/2014
Underlying fund
Fidelity Special Situations
Fund objective
Fidelity state that the fund aims to provide long-term capital growth. The fund invests primarily in the shares of UK companies blending investments in larger, medium-sized and smaller companies. The fund has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. The fund 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 investment objective. The fund has discretion in its choices of investments within its objectives and policies.
Benchmark
  • FTSE All Share
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
26%
1 Year rank in sector
212/845
Sector
PN UK All Companies
Yield
-
Fund size
£3m (£2m 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.
89
Top in this sector
Fund name1 Year
Stan Life SLI UK Eq Rcvry Pn71.5%
Fidelity UBS UK Select Pn45.1%
Halifax IM UK Growth Pn44.9%
CM UBS UK Opportunities Pension44.6%
SW UBS UK Opps Pn44%
...more in PN UK All Companies

Performance snapshot

Holdings snapshot

  • UK84%
    USA13.3%
    Austria2.4%
    Denmark1.7%
    Germany1.5%
  • Financials35.3%
    Industrials26%
    Oil & Gas9.4%
    Consumer Services7.7%
    Technology7.4%
  • UK Equities84%
    US Equities13.3%
    Austrian Equities2.4%
    Danish Equities1.7%
    German Equities1.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.1%6.2%18.7%26%30.3%123.3%
Sector3.9%4.5%11%20.2%16.3%65.4%
Rank within sector675 / 869146 / 86561 / 863212 / 84531 / 80816 / 762
Quartile4th1st1st2nd1st1st
Calendar performance
 YTD - 20172016201520142013
Fund2.3%15.3%13.1%-0.1%33.6%
Sector2.4%10.2%4.4%0.6%24.2%
Rank within sector469 / 869174 / 84547 / 832484 / 807113 / 786
Quartile3rd1st1st3rd1st
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.
3.98
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.
1.04
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.
0.5
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%.
11.36
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.
4.89
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.
0.82
Price movement
52 week high506.9
52 week low369.1
Current bid price-
Current offer price-
Current mid price506.7
Region
1UK83.96%
2USA13.27%
3Austria2.41%
4Denmark1.71%
5Germany1.53%
6Ireland1.45%
7Brazil0.27%
8Hong Kong0.2%
9Italy0.14%
Industry sector
1Financials35.33%
2Industrials25.99%
3Oil & Gas9.38%
4Consumer Services7.69%
5Technology7.44%
6Health Care6.11%
7Consumer Goods4.46%
8Telecommunications4.31%
9Basic Materials3.42%
Asset type
1UK Equities83.96%
2US Equities13.27%
3Austrian Equities2.41%
4Danish Equities1.71%
5German Equities1.53%
6Irish Equities1.45%
7Brazilian Equities0.27%
8Hong Kong Equities0.2%
9Italian Equities0.14%
Individual holdings
1ROYAL DUTCH SHELL6.85%
2CRH5.86%
3CITIGROUP INC5.48%
4SHIRE PLC4.18%
5BT GROUP4.09%
6ULTRA ELECTRONICS HLDGS3.65%
7ROYAL MAIL PLC3.48%
8PHOENIX GROUP HLDGS3.15%
9HOMESERVE3.11%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Fidelity state that the fund aims to provide long-term capital growth. The fund invests primarily in the shares of UK companies blending investments in larger, medium-sized and smaller companies. The fund has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. The fund 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 investment objective. The fund has discretion in its choices of investments within its objectives and policies.
Benchmark
  • FTSE All Share
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Alex Wright01/01/2014Alex Wright has over 14 years of investment experience in UK and European equity markets. He joined Fidelity in 2001 as a research analyst and has covered a number of sectors across the market capitalisation spectrum. He has managed the Fidelity Special Situations Fund since January 2014 and has been portfolio manager of the Fidelity UK Smaller Companies Fund since its launch in February 2008. He has also been responsible for managing Fidelity Special Values PLC since September 2012. Alex has a BSc (Economics) from Warwick University, where he graduated with First Class Honours, and he is also a CFA Charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Fidelity Special Situations AP
Initial charge-
Annual charge0.77%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price506.7
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE169
FL Fidelity Special Situations AP Inet
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.79%
Bid price-
Offer price-
Mid price440.9
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCPC0
Data provided by

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