Fact sheet: Fidelity Global Alpha

Fund information
Fund name
Fidelity Global Alpha A Acc USD
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Velislava Dimitrovasince 30/01/2015
  • Karoline Eichelbergsince 30/01/2015
  • Anas Chakrasince 30/01/2015
Fund objective
Aims to provide long-term capital growth and a positive return with a relatively low sensitivity to global equity markets. At least 70% invested in shares of (and related instruments that provide exposure to) companies throughout the world, as well as cash, money market instruments, fixed income instruments and UCITS or other UCIs. The Investment Manager will gain long exposure to those companies viewed as attractive while maintaining a short exposure to those companies viewed as unattractive, using a variety of instruments, including financial derivative instruments. Short exposure will only be achieved through the use of financial derivative instruments. The fund may invest its net assets directly in China A and B shares. 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
  • Libor USD Cash Overnight
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-6%
1 Year rank in sector
459/474
Sector
FO Equity - International
Yield
-
Fund size
£38m (£29m 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.
81
Top in this sector
Fund name1 Year
Heptagon Kprnk GblAlCpEq50.5%
Schroder ISF Gbl Rec42.1%
Dodge & Cox Gbl Stk38.8%
SKAGEN Focus36.1%
Dimensional Gbl Small Cos35%
...more in FO Equity - International

Performance snapshot

Holdings snapshot

  • Money Market97.7%
    Europe ex UK23.4%
    UK1.5%
    Global Emerging Markets-0.1%
    Asia Pacific ex Japan-3%
  • Money Market97.7%
    Consumer Staples13.2%
    Information Technology10%
    Financials5.9%
    Health Care4.6%
  • Money Market97.7%
    Europe ex UK Equities23.4%
    UK Equities1.5%
    Global Emerging Market Equities-0.1%
    Asia Pacific ex Japan Equities-3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%-1%-1.2%-6%--
Sector2.9%0.7%5.1%6.1%16.8%56%
Rank within sector441 / 500337 / 497424 / 487459 / 474--
Quartile4th3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-5.7%----
Sector6.8%0.7%6%21.3%12.7%
Rank within sector461 / 475----
Quartile4th
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high10.37
52 week low9.59
Current bid price-
Current offer price-
Current mid price9.72
Region
1Money Market97.7%
2Europe ex UK23.4%
3UK1.5%
4Global Emerging Markets-0.1%
5Asia Pacific ex Japan-3%
6Others-3.5%
7North America-16%
Industry sector
1Money Market97.7%
2Consumer Staples13.2%
3Information Technology10%
4Financials5.9%
5Health Care4.6%
6Industrials3%
7Telecommunications Utilities2.9%
8Consumer Discretionary-0.6%
9Materials-2.3%
Asset type
1Money Market97.7%
2Europe ex UK Equities23.4%
3UK Equities1.5%
4Global Emerging Market Equities-0.1%
5Asia Pacific ex Japan Equities-3%
6International Equities-3.5%
7North American Equities-16%
Individual holdings
1NESTLE SA8.85%
2EIFFAGE5.15%
3BT GROUP4.4%
4ALPHABET INC4.31%
5WOLSELEY PLC3.99%
6WALGREENS BOOTS ALLIANCE3.97%
7LVMH MOET HENNESSY VUITTON SE3.51%
8PRICELINE GROUP INC (THE)3.19%
9WELLS FARGO & CO3.19%
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 and a positive return with a relatively low sensitivity to global equity markets. At least 70% invested in shares of (and related instruments that provide exposure to) companies throughout the world, as well as cash, money market instruments, fixed income instruments and UCITS or other UCIs. The Investment Manager will gain long exposure to those companies viewed as attractive while maintaining a short exposure to those companies viewed as unattractive, using a variety of instruments, including financial derivative instruments. Short exposure will only be achieved through the use of financial derivative instruments. The fund may invest its net assets directly in China A and B shares. 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
  • Libor USD Cash Overnight
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Velislava Dimitrova30/01/2015
Karoline Eichelberg30/01/2015
Anas Chakra30/01/2015Anas Chakra has worked as a fund manager for Fidelity since March 2000 and has been responsible for managing a number of institutional UK equity portfolios. He joined Fidelity in 1995 as a research analyst. In this role, he covered a number of sectors including construction, steel, textiles and retailers. He also researched South African companies as part of the Emerging Markets Team.
Compliance
Transparent for Austrian Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Hungary, Italy, Luxembourg, Netherlands, Norway, Offshore, Poland, Portugal, Slovakia, Sweden
Fidelity Global Alpha A (Euro/USD hedged) Acc EUR
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.551
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFR4O
Fidelity Global Alpha A Acc USD
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.715
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFR4N
Fidelity Global Alpha I Acc USD
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.861
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFR4R
Fidelity Global Alpha Y (Euro/USD hedged) Acc EUR
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.635
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFR4Q
Fidelity Global Alpha Y Acc USD
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.802
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFR4P
Data provided by

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