Fact sheet: Fidelity Extra Income

Fund information
Fund name
Fidelity Extra Income Y
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund managers
  • Sajiv Vaidsince 02/08/2015
  • Ian Spreadburysince 30/06/2002
Fund objective
The Fund's investment objective is to achieve a relatively high level of income. The Fund will obtain exposure primarily to UK corporate and government bonds and other fixed income and money market securities, preference shares and convertibles.
Benchmark
  • BofA ML Euro-Sterling (NUK)
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
6%
1 Year rank in sector
28/77
Sector
UT Sterling Strategic Bond
Yield
4%
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.
0.78%
Fund size
£511m (£447m 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.
26
Mid price
123.8
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc12.8%
Fidelity I Stg Cr + Bd11.2%
Fidelity UK Inv Grd Lg Cr10.4%
Legg Mason IFBrwiGlInOp10.1%
AXA Framlington Mgd Inc9.4%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK59.9%
    USA12.2%
    Continental Europe6.5%
    Europe5.5%
    Germany5.2%
  • High Yield Bond38.2%
    Investment Grade Bonds27.6%
    Financials17.1%
    Asset/Mortgage-Backed Securities8.5%
    Government Bonds6%
  • UK Fixed Interest57.2%
    UK Corporate Fixed Interest38.2%
    UK Gilts6%
    Money Market0.6%
    Alternative Investment Strategies-1.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%-3.3%2.9%6%17.3%40%
Sector-0.8%-2.8%2.5%5.2%13.2%31.8%
Rank within sector42 / 8350 / 8221 / 8228 / 7717 / 7121 / 60
Quartile3rd3rd2nd2nd1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund7%-0.2%9.6%3.2%15.2%
Sector6.2%-0.3%6.8%2.6%12.6%
Rank within sector29 / 7746 / 7420 / 7237 / 6428 / 61
Quartile2nd3rd2nd3rd2nd
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.
0.22
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.
1.27
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.
0.38
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%.
4.46
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.
1.5
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.
0.83
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.
0.93
Price movement
52 week high129.4
52 week low116.4
Current bid price-
Current offer price-
Current mid price123.8
Region
1UK59.87%
2USA12.24%
3Continental Europe6.51%
4Europe5.54%
5Germany5.15%
6France4.53%
7Latin America3%
8Switzerland1.28%
9Australasia1.2%
Industry sector
1High Yield Bond38.18%
2Investment Grade Bonds27.62%
3Financials17.09%
4Asset/Mortgage-Backed Securities8.52%
5Government Bonds6%
6Others3.77%
7Money Market0.56%
8Investment Grade Government Bonds0.17%
9Foreign Exchange-1.91%
Asset type
1UK Fixed Interest57.17%
2UK Corporate Fixed Interest38.18%
3UK Gilts6%
4Money Market0.56%
5Alternative Investment Strategies-1.91%
Individual holdings
1RWE FINANCE BV 6.125% MTN 06/07/39 GBP500001.14%
2IMPERIAL BRANDS FINANCE PLC 9% GTD NTS 17/02/22 GBP500001.02%
3EDF 6% BDS 22/01/14 USD20001%
4FIDELITY INSTITUTIONAL LIQUIDITY GBP A DIS0.98%
5PREMIERTEL CLS`B`6.175% BDS 8/5/32 GBP10000.91%
6UNITED STATES OF AMER TREAS NOTES 2.125% TB 15/05/25 USD10000.89%
7GREAT ROLLING STOCK CO LTD 6.25% NTS 27/07/20 GBP10000.88%
8TREASURY 2% GILT 07/09/25 GBP0.010.84%
9ENTERPRISE INNS 6.375% SEC BDS 26/9/2031 GBP10000.82%
Management
Fund manager group
No data available.
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund objective
The Fund's investment objective is to achieve a relatively high level of income. The Fund will obtain exposure primarily to UK corporate and government bonds and other fixed income and money market securities, preference shares and convertibles.
Benchmark
  • BofA ML Euro-Sterling (NUK)
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Sajiv Vaid02/08/2015Sajiv Vaid joined Fidelity in 2015 and is co-Manager on the Moneybuilder and Extra Income Funds. After graduation Sajiv joined Gerrard Group (1994-1997) as a trainee bond fund manager, joining Fuji Investments as a fully-fledged bond fund manager in 1997, where he managed global fixed income portfolios. In 2001, he joined Royal London Asset Management where he managed their flagship retail and institutional corporate funds. Sajiv graduated from the University of Hull in 1991 in Economic & Social History and holds an MA in Modern Internatio.al Studies from University of Leeds.
Ian Spreadbury30/06/2002Ian Spreadbury is a Senior Portfolio Manager at Fidelity International with 30 years investment experience. Since joining Fidelity in 1995, he has been responsible for managing several of Fidelity's bond strategies. Previously, he worked for Legal and General in various positions including Senior Portfolio Manager (Bonds). Ian has a BSc in Pure & Applied Mathematics from University College of North Wales and an MSc in Mathematical Statistics from University of Sussex. He is also a Fellow of the Institute of Actuaries and is one of the most experienced fixed income managers in the industry.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
France, United Kingdom, Guernsey, Ireland, Jersey
Fidelity Extra Income Acc
Initial charge3.5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)1.46%
Total expense ratio (TER)1.46%
Bid price-
Offer price-
Mid price174.4
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCQB9
Fidelity Extra Income Dis
Initial charge3.5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.46%
Total expense ratio (TER)1.46%
Bid price-
Offer price-
Mid price27
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFI58
Fidelity Extra Income Gr Dis
Initial charge3.5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.46%
Total expense ratio (TER)1.46%
Bid price-
Offer price-
Mid price27.01
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFP24
Fidelity Extra Income Gross Acc
Initial charge3.5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.46%
Total expense ratio (TER)1.46%
Bid price-
Offer price-
Mid price186.6
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCQC0
Fidelity Extra Income Y
Initial charge-
Annual charge0.6%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)0.78%
Total expense ratio (TER)0.78%
Bid price-
Offer price-
Mid price123.8
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGQM5
Fidelity Extra Income Y Acc
Initial charge-
Annual charge0.6%
Min single investment£1,000
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price117.7
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJTXY
Fidelity Extra Income Y Gr Dis GBP
Initial charge-
Annual charge0.6%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)0.78%
Total expense ratio (TER)0.78%
Bid price-
Offer price-
Mid price123.9
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGQM6
Fidelity Extra Income Y Grs Acc
Initial charge-
Annual charge0.6%
Min single investment£1,000
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price120.3
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJTXZ
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.