Fact sheet: Fidelity Flexible Bond

Fund information
Fund name
Fidelity Flexible Bond Y GBP
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Ian Spreadburysince 31/05/1995
Fund objective
The fund aims to achieve income and capital growth by primarily investing in a broad range of fixed income instruments of issuers globally either denominated in Sterling or other currencies. Exposure to non-Sterling denominated debt securities will be largely hedged back to Sterling. The fund may also invest in UCITS and UCIs. Portfolio information: The manager is not restricted in his choice of investments either by region or country, market sector or industry, and will choose investments largely determined by the availability of attractive investment opportunities. The fund may invest up to 50% of its assets in high-yielding, lower quality instruments which will not be required to meet minimum rating standards and may not be rated for creditworthiness by any internationally recognised rating agency.
Benchmark
  • BofA Merrill Lynch Sterling Large Cap
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
9%
1 Year rank in sector
1/19
Sector
FO Fixed Int - GBP
Yield
3.3%
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.
0.77%
Fund size
£229m (£175m 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.
33
Top in this sector
Fund name1 Year
Fidelity Flexible Bond9%
Coutts Cayman Fdr UK Sovgn Bd7.9%
Wellington Stg Core Bd Plus7.6%
Royal London Stg ExYdBd7.6%
Coutts UK Sovgn Bd Idx Prog7.5%
...more in FO Fixed Int - GBP

Performance snapshot

Holdings snapshot

  • UK47.1%
    USA16%
    International7.1%
    Australasia5.4%
    Latin America5.1%
  • Government Bills31.1%
    Communications11.4%
    Utilities9.2%
    Government Bonds8.2%
    Asset/Mortgage-Backed Securities7.4%
  • UK Fixed Interest47.1%
    US Fixed Interest16%
    Global Fixed Interest5.4%
    Asia Pacific Fixed Interest5.4%
    American Emerging Fixed Interest5.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.9%-3.4%0.9%9%22.5%-
Sector-1.4%-4.5%2.5%6.5%18.4%29.8%
Rank within sector13 / 2210 / 2215 / 201 / 192 / 20-
Quartile3rd2nd3rd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund9.4%-1.3%13.3%--
Sector7.1%0.3%10.4%-0.4%6.9%
Rank within sector1 / 1917 / 194 / 19--
Quartile1st4th1st
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.
0.87
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.
0.55
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%.
5.88
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.
2.85
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.
0.36
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.
0.76
Price movement
52 week high1.1
52 week low0.99
Current bid price-
Current offer price-
Current mid price1.05
Region
1UK47.07%
2USA15.97%
3International7.1%
4Australasia5.36%
5Latin America5.14%
6Canada4.11%
7Europe4.06%
8Money Market3.93%
9France3.82%
Industry sector
1Government Bills31.08%
2Communications11.35%
3Utilities9.24%
4Government Bonds8.2%
5Asset/Mortgage-Backed Securities7.39%
6Non-Cyclical Consumer Goods5.28%
7Transport4.72%
8Banks4.5%
9Money Market3.93%
Asset type
1UK Fixed Interest47.07%
2US Fixed Interest15.97%
3Global Fixed Interest5.43%
4Asia Pacific Fixed Interest5.36%
5American Emerging Fixed Interest5.14%
6Canadian Fixed Interest4.11%
7European Fixed Interest4.06%
8Money Market3.93%
9French Fixed Interest3.82%
Individual holdings
1TREASURY 5% GILT 07/03/18 GBP13.05%
2ONTARIO(PROVINCE OF) 0.024% BDS 02/06/26 CAD12.32%
3AUSTRALIA(COMMONWEALTH OF) 3.75% BDS 21/04/37 AUD10001.72%
4NEW ZEALAND 2.5% BDS 20/09/35 NZD10001.59%
5UNITED STATES OF AMER TREAS NOTES 2.125% TB 15/05/25 USD10001.58%
6EUROPEAN UNION 3.5% GTD 04/06/21 EUR10001.4%
7FIDELITY INSTITUTIONAL LIQUIDITY GBP A ACC1.31%
8TREASURY 3.5% GILT 22/07/68 GBP0.011.21%
9ARGENTINA(REPUBLIC OF) 18.2% BDS 03/10/21 ARS10001.1%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
The fund aims to achieve income and capital growth by primarily investing in a broad range of fixed income instruments of issuers globally either denominated in Sterling or other currencies. Exposure to non-Sterling denominated debt securities will be largely hedged back to Sterling. The fund may also invest in UCITS and UCIs. Portfolio information: The manager is not restricted in his choice of investments either by region or country, market sector or industry, and will choose investments largely determined by the availability of attractive investment opportunities. The fund may invest up to 50% of its assets in high-yielding, lower quality instruments which will not be required to meet minimum rating standards and may not be rated for creditworthiness by any internationally recognised rating agency.
Benchmark
  • BofA Merrill Lynch Sterling Large Cap
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Ian Spreadbury31/05/1995Ian 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
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, Switzerland, Chile, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Hong Kong, Hungary, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Peru, Poland, Portugal, Qatar, Singapore, Slovakia, Sweden
Fidelity Flexible Bond A Acc EUR
Initial charge5.25%
Annual charge1%
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 price9.806
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE61E
Fidelity Flexible Bond A Acc GBP
Initial charge5.25%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price1.69
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG833
Fidelity Flexible Bond A GBP
Initial charge5.25%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price0.335
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFI24
Fidelity Flexible Bond A Hedged Acc EUR
Initial charge5.25%
Annual charge1%
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 price10.51
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE61F
Fidelity Flexible Bond A Hedged EUR
Initial charge5.25%
Annual charge1%
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 price9.695
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeC0TK
Fidelity Flexible Bond E Hedged Acc EUR
Initial charge-
Annual charge1%
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 price10.44
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE61G
Fidelity Flexible Bond E Hedged EUR
Initial charge-
Annual charge1%
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 price10.26
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE61H
Fidelity Flexible Bond Y Acc EUR
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.837
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE61I
Fidelity Flexible Bond Y Acc GBP
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.089
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFX3L
Fidelity Flexible Bond Y GBP
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)0.78%
Bid price-
Offer price-
Mid price1.052
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF7EX
Fidelity Flexible Bond Y Hedged Acc EUR
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.57
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE61J
Fidelity Flexible Bond Y Hedged EUR
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.3
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE61K
Fidelity Flexible Bond Y Hedged USD
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.41
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE61L
Data provided by

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