Fact sheet: Fidelity FAST US

Fund information
Fund name
Fidelity FAST US I USD
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Aditya Khowalasince 31/05/2014
Fund objective
Aims to provide long-term capital growth. At least 70% invested in shares and related instruments that provide exposure to companies that have their head office in, are listed in, or have a main part of their activity in the US. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. 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. May also make extensive use of derivatives including more complex instruments or strategies to achieve the investment objective and these may result in leverage. In such situations performance may rise or fall more than it would have done otherwise, reflecting such additional exposure. 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
  • S&P 500 TR (NB Net of Luxembourg tax)
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
8%
1 Year rank in sector
84/207
Sector
FO Equity - USA
Yield
-
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.
0.94%
Fund size
£401m (£217m 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.
98
Top in this sector
Fund name1 Year
Dodge & Cox US Stk41.8%
Wells Fargo WW US SelEqt37.6%
Hermes US SMID Equity37.4%
Oyster US Selection37%
GAM Star Gamco US Eq35.9%
...more in FO Equity - USA

Performance snapshot

Holdings snapshot

  • USA79.4%
    Money Market10.9%
    Canada4.5%
    Belgium3.1%
    Israel2.4%
  • Information Technology26.7%
    Consumer Staples18.6%
    Materials11.8%
    Money Market10.9%
    Industrials10.8%
  • US Equities79.4%
    Money Market10.9%
    Canadian Equities4.5%
    Belgian Equities3.1%
    Israeli Equities2.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5.3%-0.3%1.8%8%33.5%-
Sector6.5%2.3%5.6%5.5%20%69.2%
Rank within sector87 / 219174 / 218171 / 21384 / 20730 / 176-
Quartile2nd4th4th2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund9.5%3.2%15.3%--
Sector7.5%-1.6%10.7%31.8%10.2%
Rank within sector84 / 20954 / 19232 / 177--
Quartile2nd2nd1st
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.
4.25
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.
0.88
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.
0.61
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%.
10.39
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.
3.8
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.
0.93
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.
0.89
Price movement
52 week high154.6
52 week low124.91
Current bid price-
Current offer price-
Current mid price154.07
Region
1USA79.4%
2Money Market10.9%
3Canada4.5%
4Belgium3.1%
5Israel2.4%
6Sweden0.3%
7France-0.1%
8Germany-0.5%
Industry sector
1Information Technology26.7%
2Consumer Staples18.6%
3Materials11.8%
4Money Market10.9%
5Industrials10.8%
6Consumer Discretionary7.7%
7Financials5%
8Energy3.5%
9Telecommunications Utilities3.5%
Asset type
1US Equities79.4%
2Money Market10.9%
3Canadian Equities4.5%
4Belgian Equities3.1%
5Israeli Equities2.4%
6Swedish Equities0.3%
7French Equities-0.1%
8German Equities-0.5%
Individual holdings
No data available.
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
Aims to provide long-term capital growth. At least 70% invested in shares and related instruments that provide exposure to companies that have their head office in, are listed in, or have a main part of their activity in the US. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. 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. May also make extensive use of derivatives including more complex instruments or strategies to achieve the investment objective and these may result in leverage. In such situations performance may rise or fall more than it would have done otherwise, reflecting such additional exposure. 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
  • S&P 500 TR (NB Net of Luxembourg tax)
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Aditya Khowala31/05/2014Aditya Khowala is the Portfolio Manager for the US equity funds. Aditya Khowala joined Fidelity in January 2006 as a research analyst, covering the banking and energy sectors. He managed the UK Research Portfolio for 3.5 years prior to joining the US Equtiy team in early 2012. Prior to Fidelity, Aditya worked at i2 Technologies in Australia, Korea and Hong Kong, having started his career in venture capitalism in 2000 at Chryscapital, India. Aditya has a post-graduate degree in Management from IIM, Ahmedabad, India. Aditya also holds an MBA with Hons from IMD, Lausanne.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Iceland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Poland, Portugal, Sweden
Fidelity FAST US A EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.92%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price181.66
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF8VD
Fidelity FAST US A Hedged EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.97%
Total expense ratio (TER)1.98%
Bid price-
Offer price-
Mid price147.16
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF8VI
Fidelity FAST US A USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.91%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price149.75
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF8VE
Fidelity FAST US E EUR
Initial charge-
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.67%
Total expense ratio (TER)2.68%
Bid price-
Offer price-
Mid price177.43
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF8VJ
Fidelity FAST US I USD
Initial charge1%
Annual charge0.8%
Min single investment£20,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price154.07
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF8VF
Fidelity FAST US Y GBP
Initial charge-
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price187.1
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF8VH
Fidelity FAST US Y USD
Initial charge-
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price153.05
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF8VG
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