Fact sheet: Fidelity Gbl Hi Grd Inc

Fund information
Fund name
Fidelity Global High Grade Income E MDis EUR
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund manager
  • Rick Patelsince 25/11/2008
Fund objective
Aims to provide attractive current income. At least 70% invested in a worldwide diversified portfolio of high quality and shortdated bonds that are issued and denominated in approximately 10 chosen markets/currencies. High quality bonds are considered to be bonds issued by governments, quasi-government and supranational entities with investment grade credit ratings (as measured by Standard & Poor’s or any equivalent grade of other credit rating agencies). 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 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. 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
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-3%
1 Year rank in sector
293/296
Sector
FO Fixed Int - Global
Yield
2.3%
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.
1.45%
Fund size
£177m (£221m 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.
65
Top in this sector
Fund name1 Year
Capital Group GHIOL32.5%
Dodge & Cox Global Bond27.4%
HSBC GIF Gbl AsBk Bd24.3%
Russell Gbl Bd24.3%
Morg Stnly Gbl Mrtg Securts23.5%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • Australasia19.7%
    Others10.7%
    Scandinavia10.3%
    Latin America10.2%
    Canada10.2%
  • Government Bills98.6%
    Money Market1.4%
  • Asia Pacific Fixed Interest19.7%
    Global Fixed Interest10.7%
    Scandinavian Fixed Interest10.3%
    American Emerging Fixed Interest10.2%
    Canadian Fixed Interest10.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%1.8%2.7%-3%3.1%-
Sector-1.9%-2.1%0.9%2.9%5.6%14.2%
Rank within sector8 / 31517 / 31370 / 308293 / 296146 / 236-
Quartile1st1st1st4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund0.8%-1%4.4%-8.4%0.7%
Sector3.9%-1.6%3.7%-1.6%8.2%
Rank within sector258 / 300138 / 276113 / 237195 / 206162 / 171
Quartile4th2nd2nd4th4th
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.
-1.9
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.
1.1
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%.
5.48
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.
4.71
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.
-0.38
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.
0.26
Price movement
52 week high8.71
52 week low7.86
Current bid price-
Current offer price-
Current mid price8.06
Region
1Australasia19.69%
2Others10.65%
3Scandinavia10.25%
4Latin America10.22%
5Canada10.2%
6Asia Pacific ex Japan10.14%
7UK9.66%
8USA9.56%
9France9.03%
Industry sector
1Government Bills98.63%
2Money Market1.37%
Asset type
1Asia Pacific Fixed Interest19.69%
2Global Fixed Interest10.65%
3Scandinavian Fixed Interest10.25%
4American Emerging Fixed Interest10.22%
5Canadian Fixed Interest10.2%
6Asia Pacific ex Japan Fixed Interest10.14%
7UK Fixed Interest9.66%
8US Fixed Interest9.56%
9French Fixed Interest9.03%
Individual holdings
1SOUTH AFRICA(REPUBLIC OF) 8% BDS 21/12/18 ZAR110.62%
2MEXICO(UNITED MEXICAN STATES) 8.5% BDS 13/12/18 MXN10010.24%
3NORWAY(KINGDOM OF) 4.25% BDS 19/05/17 NOK100010.23%
4CANADA(GOVT OF) 4.25% BDS 01/06/18 CAD100010.21%
5SINGAPORE(GOVT OF) 4% BDS 1/9/18 SGD100010.13%
6AUSTRALIA(COMMONWEALTH OF) 6% BDS 15/02/2017 AUD100010.01%
7TREASURY 8 3/4% GILT 20179.55%
8NEW ZEALAND(GOVERNMENT OF) 6% BDS 15/12/17 NZD100009.54%
9UNITED STATES OF AMER TREAS BONDS 8.875% 15/8/2017 USD10009.05%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
Aims to provide attractive current income. At least 70% invested in a worldwide diversified portfolio of high quality and shortdated bonds that are issued and denominated in approximately 10 chosen markets/currencies. High quality bonds are considered to be bonds issued by governments, quasi-government and supranational entities with investment grade credit ratings (as measured by Standard & Poor’s or any equivalent grade of other credit rating agencies). 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 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. 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
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Rick Patel25/11/2008The portfolio manager, Rick Patel, joined Fidelity in 2000 as a quantitative analyst, before moving to the Hong Kong office on being promoted to the position of Associate Portfolio Manager in 2005 and later Portfolio Manager in 2007. He moved back to the London office in 2009. Prior to Fidelity, Rick began his career in the industry at Prudential in 1999 where he worked in fixed income research. Rick holds a BA (Hons) in Mathematical Science from Oxford University, as well as a Certification of Quantitative Finance and an Investment Management Certificate (IMC). He is also a Chartered Financial Analyst (CFA).
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Hong Kong, Iceland, Italy, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Poland, Portugal, Qatar, Singapore, Sweden, Taiwan - Province Of China
Fidelity Global High Grade Income A Acc EUR
Initial charge5.25%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.96%
Bid price-
Offer price-
Mid price9.977
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code10YN
Fidelity Global High Grade Income A Acc USD
Initial charge5.25%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price10.4
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDWY3
Fidelity Global High Grade Income A MDis EUR
Initial charge5.25%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price8.054
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0MYZ
Fidelity Global High Grade Income A MDis USD
Initial charge5.25%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price6.9
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeDWY2
Fidelity Global High Grade Income A MInc EUR
Initial charge5.25%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price8.426
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF39H
Fidelity Global High Grade Income E MDis EUR
Initial charge-
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price8.056
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0MZ0
Fidelity Global High Grade Income E MInc EUR
Initial charge-
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.49%
Bid price-
Offer price-
Mid price8.43
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF39I
Fidelity Global High Grade Income J MDis JPY
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price726.4
CurrencyJPY
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF21F
Fidelity Global High Grade Income Y Acc EUR
Initial charge-
Annual charge0.38%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price10.1
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code10YM
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