Fact sheet: Fidelity EMts Inft Lkd Bd

Fund information
Fund name
Fidelity Emerging Markets Inflation Linked Bond E Mdist EUR
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Steve Ellissince 31/08/2016
Fund objective
The Fund aims to provide a real income and capital growth. Real income is the income after adjusting for inflation. At least 70% invested in inflation-linked bonds issued by governments and government agencies of emerging countries worldwide. Investments will be made in Latin America, South East Asia, Africa, Eastern Europe (including Russia) and the Middle East but it is not limited to these regions.Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments may be made in bonds issued in currencies other than the fund's reference currency. Exposure to currencies may be hedged, for example with currency forward contracts. The reference currency is the currency used for reporting and may be different from the dealing currency. Can invest in bonds issued by governments, companies and other bodies.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. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund.This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • Barclays Emerging Markets Inflation-Linked Tradable Short Maturity Index USD
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
13.5%
1 Year rank in sector
115/200
Sector
FO Fixed Int - Emerging Markets
Yield
2%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.79%
Fund size
£144m (£166m 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
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$53.7%
Pictet Lat Am Lcl Cur Dt43.1%
SEI Emg Mkts Dt37.3%
Aviva Investors Emg Mkts Bd36.6%
Old Mutual Em Mt Dt36.4%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Latin America53.6%
    Europe16.9%
    Others9.7%
    Asia Pacific ex Japan8.3%
    Money Market4.7%
  • Government Bills95.4%
    Money Market4.7%
    Foreign Exchange-0.2%
  • American Emerging Fixed Interest53.6%
    European Fixed Interest16.9%
    Global Fixed Interest9.6%
    Asia Pacific ex Japan Fixed Interest8.3%
    Money Market4.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.7%1.8%6.5%13.5%4%-
Sector0.4%4.7%8.5%13.1%3.8%13.9%
Rank within sector206 / 213200 / 210168 / 207115 / 200102 / 162-
Quartile4th4th4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund8.4%-9%9%-15.2%-
Sector13.2%-7.3%-0.6%-7%14.7%
Rank within sector179 / 205137 / 1948 / 170124 / 125-
Quartile4th3rd1st4th
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.
-0.12
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.
0.99
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
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%.
10.3
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.
7.16
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.
-0.05
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.
0.52
Price movement
52 week high8.82
52 week low7.44
Current bid price-
Current offer price-
Current mid price8.58
Region
1Latin America53.56%
2Europe16.89%
3Others9.69%
4Asia Pacific ex Japan8.29%
5Money Market4.71%
6USA4.49%
7Middle East/ Africa2.51%
8Not Specified-0.14%
Industry sector
1Government Bills95.44%
2Money Market4.71%
3Foreign Exchange-0.15%
Asset type
1American Emerging Fixed Interest53.56%
2European Fixed Interest16.89%
3Global Fixed Interest9.55%
4Asia Pacific ex Japan Fixed Interest8.29%
5Money Market4.71%
6US Fixed Interest4.49%
7Middle East & African Fixed Interest2.51%
Individual holdings
1MEXICO(UNITED MEXICAN STATES) 2.5% TB 10/12/20 MXV10019.7%
2TURKEY(REPUBLIC OF) 3% BDS 23/02/22 TRY100014.09%
3BRAZIL(FEDERATIVE REPUBLIC OF) 6% BDS 15/08/18 BRL100011.21%
4SOUTH AFRICA(REPUBLIC OF) 2.75% BDS 31/01/22 ZAR110.17%
5BRAZIL(FEDERATIVE REPUBLIC OF) FRN 15/05/19 BRL10008.32%
6BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/25 BRL10008.14%
7MINISTRY OF FINANCE (THAILAND) 1.2% BDS 14/07/21 THB1000004.27%
8KOREA(REPUBLIC OF) 1.125% BDS 10/06/23 KRW100003.84%
9MEXICO(UNITED MEXICAN STATES) 4% BDS 15/11/40 MXV10003.82%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
The Fund aims to provide a real income and capital growth. Real income is the income after adjusting for inflation. At least 70% invested in inflation-linked bonds issued by governments and government agencies of emerging countries worldwide. Investments will be made in Latin America, South East Asia, Africa, Eastern Europe (including Russia) and the Middle East but it is not limited to these regions.Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments may be made in bonds issued in currencies other than the fund's reference currency. Exposure to currencies may be hedged, for example with currency forward contracts. The reference currency is the currency used for reporting and may be different from the dealing currency. Can invest in bonds issued by governments, companies and other bodies.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. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund.This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • Barclays Emerging Markets Inflation-Linked Tradable Short Maturity Index USD
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Steve Ellis31/08/2016Steve is a portfolio manager, based in London. He joined the firm in 2011 and is a partner in the business. Steve specialises in portfolio construction and derivative pricing. From 1996 to 1998 Steve worked for the Reserve Bank of Australia (RBA) as a Senior Bank Analyst and studied the sale programme and leasing of RBA's gold reserves. He has closely studied the global gold-leasing market ever since. He holds a degree in Banking and Finance from Curtin University, Perth and he obtained a Masters in Applied Finance in Sydney before moving to London in 2001. Steve has worked in derivatives markets at international banks in both Sydney and London for over 10 years before launching and managing his own successful multi-strategy gold hedge fund at RAB Capital from 2006 to 2010.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Chile, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Hungary, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Malta, Netherlands, Norway, Offshore, Oman, Poland, Portugal, Qatar, Slovakia, Sweden
Fidelity Emerging Markets Inflation Linked Bond A Acc EUR
Initial charge5.25%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.29%
Total expense ratio (TER)1.33%
Bid price-
Offer price-
Mid price11.11
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF5PX
Fidelity Emerging Markets Inflation Linked Bond A Mdist EUR
Initial charge5.25%
Annual charge0.8%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.29%
Total expense ratio (TER)1.34%
Bid price-
Offer price-
Mid price8.585
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF39F
Fidelity Emerging Markets Inflation Linked Bond D Acc EUR
Initial charge3%
Annual charge0.8%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.63
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8JK
Fidelity Emerging Markets Inflation Linked Bond E Acc EUR
Initial charge-
Annual charge0.8%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.79%
Total expense ratio (TER)1.84%
Bid price-
Offer price-
Mid price9.985
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code10YL
Fidelity Emerging Markets Inflation Linked Bond E Mdist EUR
Initial charge-
Annual charge0.8%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.79%
Total expense ratio (TER)1.84%
Bid price-
Offer price-
Mid price8.575
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF39G
Fidelity Emerging Markets Inflation Linked Bond I Acc USD
Initial charge1%
Annual charge0.45%
Min single investment£500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.61%
Bid price-
Offer price-
Mid price8.911
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0W5G
Fidelity Emerging Markets Inflation Linked Bond Y Acc USD
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.367
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFMRA
Fidelity Emerging Markets Inflation Linked Bond Y GBP
Initial charge5.25%
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price10.27
CurrencyGBP
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF21E
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