Fact sheet: Fidelity Gbl Corp Bd

Fund information
Fund name
Fidelity Global Corporate Bond A Acc EUR
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Peter Khansince 09/09/2010
  • Kris Atkinsonsince 31/08/2016
Fund objective
Aims to provide income and capital growth. At least 70% invested in global investment grade corporate bonds. 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. May invest in assets directly or achieve exposure indirectly through other eligible means including derivatives. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income, including for investment purposes, 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
  • Bloomberg Barclays Global Aggregate Corporate Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.2%
1 Year rank in sector
154/303
Sector
FO Fixed Int - Global
Yield
2.1%
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.
1.05%
Fund size
£113m (£122m 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.
68
Top in this sector
Fund name1 Year
Capital Group GHIOL29.7%
Dodge & Cox Global Bond24%
LM WAHiYcrEn21.6%
BlueBay Fin Cap Bd18.9%
HSBC GIF Gbl AsBk Bd17.4%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • USA40.8%
    UK15.7%
    Asia Pacific ex Japan6.5%
    Germany6.2%
    Europe5.9%
  • Banks21.8%
    Energy9.4%
    Non-Cyclical Consumer Goods9.3%
    Communications8.1%
    Utilities7.2%
  • US Fixed Interest40.8%
    UK Fixed Interest15.7%
    Asia Pacific ex Japan Fixed Interest6.5%
    German Fixed Interest6.2%
    European Fixed Interest5.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.7%-2.9%-0.8%3.2%24.6%30.6%
Sector0.4%1%2.8%4.1%5.5%12.6%
Rank within sector318 / 335323 / 333294 / 317154 / 30310 / 25114 / 179
Quartile4th4th4th3rd1st1st
Calendar performance
 YTD - 20172016201520142013
Fund-1.6%6.6%7.2%16.8%-4%
Sector2.1%4.6%-1.6%3.7%-1.6%
Rank within sector302 / 32467 / 2955 / 2695 / 234150 / 206
Quartile4th1st1st1st3rd
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.
7.25
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.
0.92
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.
0.79
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%.
6.85
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.
6.34
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.
1.08
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.
0.14
Price movement
52 week high13.64
52 week low12.72
Current bid price-
Current offer price-
Current mid price13.19
Region
1USA40.82%
2UK15.67%
3Asia Pacific ex Japan6.48%
4Germany6.17%
5Europe5.85%
6Australasia5.4%
7France3.87%
8International3.63%
9Middle East/ Africa3.39%
Industry sector
1Banks21.82%
2Energy9.37%
3Non-Cyclical Consumer Goods9.33%
4Communications8.09%
5Utilities7.22%
6Insurance7.1%
7Government Bills6.05%
8Cyclical Consumer Goods5.93%
9Basic Industries4.99%
Asset type
1US Fixed Interest40.82%
2UK Fixed Interest15.67%
3Asia Pacific ex Japan Fixed Interest6.48%
4German Fixed Interest6.17%
5European Fixed Interest5.85%
6Asia Pacific Fixed Interest5.4%
7French Fixed Interest3.87%
8Global Fixed Interest3.59%
9Middle East & African Fixed Interest3.39%
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 income and capital growth. At least 70% invested in global investment grade corporate bonds. 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. May invest in assets directly or achieve exposure indirectly through other eligible means including derivatives. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income, including for investment purposes, 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
  • Bloomberg Barclays Global Aggregate Corporate Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Peter Khan09/09/2010Peter Khan is portfolio manager of Fidelity Euro Short-Term Bond Fund. Peter joined Fidelity in 2000 as a trader and progressed to become the Head of Trading. He became a portfolio manager in 2009. Prior to Fidelity, he was with Bayerische Hypo-und- Vereinsbank as the head of trading and with Smith Barney Shearson as a Financial Consultant.Peter has been responsible for euro fixed ncome portfolios since 2009. He also co-leads the weekly Euro Bond strategy meeting. Peter is currently responsible for in excess of $US 632 million of fixed income assets under management.
Kris Atkinson31/08/2016Kris Atkinson the Fund manager of the Fidelity Funds Runtime 2018th. He looks back on 14 years of investment experience back, which he at since joining Fidelity in 2000 as a credit analyst has acquired. He is a CFA Accredited and has charter holder an MA from the University of Cambridge.
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, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Hungary, Ireland, Iceland, Italy, Jersey, Luxembourg, Malta, Netherlands, Norway, Offshore, Oman, Poland, Qatar, Slovakia, Sweden
Fidelity Global Corporate Bond A Acc EUR
Initial charge3.5%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.21%
Bid price-
Offer price-
Mid price13.19
CurrencyEUR
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code12FG
Fidelity Global Corporate Bond A Hedged Acc EUR
Initial charge3.5%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.26%
Bid price-
Offer price-
Mid price11.79
CurrencyEUR
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code12FF
Fidelity Global Corporate Bond Y Acc USD
Initial charge-
Annual charge0.4%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price12.6
CurrencyUSD
Price updated24/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKXV1
Fidelity Global Corporate Bond Y Hedged Acc EUR
Initial charge-
Annual charge0.4%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)1.11%
Bid price-
Offer price-
Mid price12.98
CurrencyEUR
Price updated24/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKXV2
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.