Fact sheet: Fidelity Gb InflLkd Bd

Fund information
Fund name
Fidelity Global Inflation Linked Bond Y Hedged GBP
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Ian Fishwicksince 31/08/2016
  • Timothy Fostersince 31/08/2016
Fund objective
Aims to provide attractive real level of income and capital appreciation. Real income is the income after adjusting for inflation. At least 70% invested in inflation-linked bonds, nominal bonds and other securities from issuers worldwide across developed and emerging markets. The fund will utilise a range of strategies from within, amongst others, the global inflation-linked, interest rate and credit markets. These strategies may include active yield curve strategies, sector rotation, security selection, relative value management and duration management. Has the freedom to invest outside the principal asset classes and may invest up to 30% in Money Market Instruments and bank deposits, up to 25% in convertible bonds and up to 10% in shares and other participations rights. 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. The class may only be acquired by institutional investors. 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 World Government Inflation-Linked 1 to 10 Year Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
4.1%
1 Year rank in sector
-
Sector
FO Fixed Int - Global
Yield
0.5%
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.
0.52%
Fund size
£1,186m (£1,235m 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.
17
Top in this sector
Fund name1 Year
Capital Group GHIOL32%
Aberdeen Global II GlGovtBd27.9%
Russell Gbl Bd27.7%
Dodge & Cox Global Bond26.9%
Baring Intl Bd26.7%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • USA38.7%
    Germany17.7%
    International14.9%
    UK8.1%
    Australasia7.1%
  • Government Bills94.3%
    Non-Cyclical Consumer Goods3.1%
    Basic Industries0.8%
    Money Market0.8%
    Property0.5%
  • US Fixed Interest38.7%
    German Fixed Interest17.7%
    Global Fixed Interest13.4%
    UK Fixed Interest8.1%
    Asia Pacific Fixed Interest7.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%2.4%2.9%4.1%1.6%3.8%
Sector-0.4%2.2%3.9%5.1%8.3%16%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund4.1%-2.1%0.2%-4.3%5.3%
Sector5.9%-1.6%3.7%-1.6%8.2%
Rank within sector-----
Quartile
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.
-2.03
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.
0.86
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%.
2.57
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.
1.3
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.
-1.86
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 high1.23
52 week low1.17
Current bid price-
Current offer price-
Current mid price1.22
Region
1USA38.65%
2Germany17.72%
3International14.89%
4UK8.12%
5Australasia7.06%
6Canada4.83%
7Japan3.89%
8Scandinavia2.78%
9Europe1.44%
Industry sector
1Government Bills94.28%
2Non-Cyclical Consumer Goods3.07%
3Basic Industries0.82%
4Money Market0.8%
5Property0.54%
6Transport0.49%
7Cyclical Consumer Goods0.46%
8Communications0.36%
9Asset/Mortgage-Backed Securities0.24%
Asset type
1US Fixed Interest38.65%
2German Fixed Interest17.72%
3Global Fixed Interest13.4%
4UK Fixed Interest8.12%
5Asia Pacific Fixed Interest7.06%
6Canadian Fixed Interest4.83%
7Japanese Fixed Interest3.89%
8Scandinavian Fixed Interest2.78%
9European Fixed Interest1.44%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES 0.125% TB 15/07/24 USD100020.54%
2UNITED STATES OF AMER TREAS NOTES 0.625% NTS 15/01/26 USD1008.92%
3GERMANY(FEDERAL REPUBLIC OF) 0.1% BDS 15/04/23 EUR0.018.86%
4ITALY(REPUBLIC OF) 2.35% BDS 15/09/24 EUR10007.67%
5GERMANY(FEDERAL REPUBLIC) 1.75% ILN 15/04/20 EUR0.017.48%
6UNITED STATES OF AMER TREAS NOTES 0.25% TB 15/01/25 USD10005.26%
7TREASURY 1.875% IDX LKD GILT 22/11/22 GBP5.18%
8NEW ZEALAND 2% ILN 20/09/25 NZD10003.34%
9UNITED STATES OF AMER TREAS NOTES 0.125% NTS 15/04/18 USD10003.22%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
Aims to provide attractive real level of income and capital appreciation. Real income is the income after adjusting for inflation. At least 70% invested in inflation-linked bonds, nominal bonds and other securities from issuers worldwide across developed and emerging markets. The fund will utilise a range of strategies from within, amongst others, the global inflation-linked, interest rate and credit markets. These strategies may include active yield curve strategies, sector rotation, security selection, relative value management and duration management. Has the freedom to invest outside the principal asset classes and may invest up to 30% in Money Market Instruments and bank deposits, up to 25% in convertible bonds and up to 10% in shares and other participations rights. 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. The class may only be acquired by institutional investors. 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 World Government Inflation-Linked 1 to 10 Year Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Ian Fishwick31/08/2016Ian Fishwick is responsible for managing Fidelity’s sterling bond strategies including separate accounts for institutional investors. Ian has 29 years of investment experience and has worked for Fidelity for the past 9 years. He has been a portfolio manager for over 25 years. Ian has held a range of senior positions within the asset management industry including: Head of UK Fixed Income at Credit Suisse Asset Management, Chief Investment Officer for Sun Life of Canada’s UK asset management business, Head of Fixed Income for Sun Life of Canada, and Portfolio Manager for Confederation Life. He has a Masters Degree in Natural Sciences from Cambridge University and is a Fellow of the Institute of Actuaries.
Timothy Foster31/08/2016Tim Foster is a Portfolio Manager within Fidelity International’s London-based fixed income team managing various money market and short-term bond funds. Tim joined Fidelity in 2003 as a Quantitative Analyst and progressed to become a Portfolio Manager in 2007. He has a BA MSc in Natural Sciences from Cambridge University and is a CFA Charterholder. He also has a Certificate in Quantitative Finance.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV 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, Poland, Portugal, Qatar, Singapore, Slovakia, Sweden, Taiwan - Province Of China
Fidelity Global Inflation Linked Bond A Acc USD
Initial charge5.25%
Annual charge0.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)0.71%
Bid price-
Offer price-
Mid price10.35
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC0W8
Fidelity Global Inflation Linked Bond A Hedged Acc EUR
Initial charge5.25%
Annual charge0.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)0.71%
Bid price-
Offer price-
Mid price11.9
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC0X0
Fidelity Global Inflation Linked Bond A Hedged GBP
Initial charge5.25%
Annual charge0.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.72%
Total expense ratio (TER)0.71%
Bid price-
Offer price-
Mid price1.185
CurrencyGBP
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeC0W9
Fidelity Global Inflation Linked Bond A Hedged SGD
Initial charge5.25%
Annual charge0.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.76%
Total expense ratio (TER)0.73%
Bid price-
Offer price-
Mid price1.088
CurrencySGD
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeDMF7
Fidelity Global Inflation Linked Bond E Hedged Acc EUR
Initial charge-
Annual charge0.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.71
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFG1C
Fidelity Global Inflation Linked Bond I Acc USD
Initial charge1%
Annual charge0.35%
Min single investment£500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.44%
Total expense ratio (TER)0.44%
Bid price-
Offer price-
Mid price9.238
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0W5H
Fidelity Global Inflation Linked Bond Y Acc USD
Initial charge-
Annual charge0.3%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.52%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.313
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF8NY
Fidelity Global Inflation Linked Bond Y Hedged Acc EUR
Initial charge-
Annual charge0.3%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.52%
Total expense ratio (TER)0.53%
Bid price-
Offer price-
Mid price12.06
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNND9
Fidelity Global Inflation Linked Bond Y Hedged GBP
Initial charge-
Annual charge0.3%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.52%
Total expense ratio (TER)0.51%
Bid price-
Offer price-
Mid price1.221
CurrencyGBP
Price updated22/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE4I8
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