Fact sheet: Fidelity Global High Yield

Fund information
Fund name
Fidelity Global High Yield Y Acc
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund managers
  • Kris Atkinsonsince 01/09/2014
  • Peter Khansince 19/03/2012
Fund objective
The Fund aims to provide high current income and capital growth. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Obtains exposure primarily to high-yielding, sub investment grade bonds of issuers globally.
Benchmark
  • BofA Merrill Lynch Global High Yield Custom Regional Blend Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
16.3%
1 Year rank in sector
1/23
Sector
UT Sterling High Yield
Yield
5.6%
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.
1.03%
Fund size
£80m (£38m 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.
30
Mid price
1362
Top in this sector
Fund name1 Year
Fidelity Global High Yield16.3%
L&G High Income Trust15.6%
AXA Global High Income14.1%
Schroder Hi Yield Opps13.7%
JPM Global High Yield Bond13.2%
...more in UT Sterling High Yield

Performance snapshot

Holdings snapshot

  • USA40.6%
    UK14.7%
    Latin America12.4%
    Asia Pacific ex Japan10.2%
    Europe10.1%
  • Communications14%
    Cyclical Consumer Goods11.8%
    Energy11.5%
    Basic Industries9.8%
    Non-Cyclical Consumer Goods9.8%
  • US Fixed Interest40.6%
    UK Fixed Interest14.7%
    European Fixed Interest14.3%
    American Emerging Fixed Interest12.4%
    Asia Pacific ex Japan Fixed Interest10.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%2.4%5.8%16.3%14.5%35.9%
Sector-0.3%1.7%3.5%10.6%11%32.2%
Rank within sector16 / 235 / 232 / 231 / 235 / 2210 / 21
Quartile3rd1st1st1st1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund2.3%15.8%-1.8%0.7%5.5%
Sector1.7%9.9%-0.3%1.8%6.2%
Rank within sector5 / 231 / 2316 / 2319 / 2218 / 21
Quartile1st1st3rd4th4th
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.
0.88
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.
1.13
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.
0.24
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%.
5.6
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.
2.4
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.
0.53
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.
0.83
Price movement
52 week high1372
52 week low1166
Current bid price-
Current offer price-
Current mid price1362
Region
1USA40.61%
2UK14.74%
3Latin America12.41%
4Asia Pacific ex Japan10.21%
5Europe10.08%
6Continental Europe4.18%
7France2.18%
8Germany2.18%
9Others1.96%
Industry sector
1Communications14.01%
2Cyclical Consumer Goods11.76%
3Energy11.49%
4Basic Industries9.8%
5Non-Cyclical Consumer Goods9.78%
6Banks9.05%
7Capital Goods8.72%
8Money Market5.23%
9Utilities4.66%
Asset type
1US Fixed Interest40.61%
2UK Fixed Interest14.74%
3European Fixed Interest14.26%
4American Emerging Fixed Interest12.41%
5Asia Pacific ex Japan Fixed Interest10.21%
6French Fixed Interest2.18%
7German Fixed Interest2.18%
8Canadian Fixed Interest1.76%
9Japanese Fixed Interest1.21%
Individual holdings
1(ARGID) ARD FINANCE SA1.69%
2TESCO PROPERTY FIN 1 PLC1.6%
3AES PANAMA SA1.39%
4CEMEX SAB DE CV1.39%
5(ALFARU) ALFA BOND ISSUANCE PLC1.36%
6AREVA SA1.33%
7BANCO DO BRASIL (CAYMAN ISLANDS)1.21%
8GARFUNKELUX HOLDCO 3 SA1.21%
9 PETROBRAS GLOBAL FINANCE1.2%
Management
Fund manager group
No data available.
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund objective
The Fund aims to provide high current income and capital growth. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Obtains exposure primarily to high-yielding, sub investment grade bonds of issuers globally.
Benchmark
  • BofA Merrill Lynch Global High Yield Custom Regional Blend Index
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Kris Atkinson01/09/2014KRIS ATKINSON is 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.
Peter Khan19/03/2012Peter 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.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
France, United Kingdom, Guernsey, Ireland, Jersey
Fidelity Global High Yield A Acc
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.57%
Total expense ratio (TER)1.48%
Bid price-
Offer price-
Mid price1322
CurrencyGBX
Price updated29/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0Z4X
Fidelity Global High Yield A Gr Acc
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.57%
Total expense ratio (TER)1.48%
Bid price-
Offer price-
Mid price1376
CurrencyGBX
Price updated29/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0Z4Y
Fidelity Global High Yield A Gr Inc
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.57%
Total expense ratio (TER)1.48%
Bid price-
Offer price-
Mid price1072
CurrencyGBX
Price updated29/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0Z4W
Fidelity Global High Yield A Inc
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.57%
Total expense ratio (TER)1.48%
Bid price-
Offer price-
Mid price1072
CurrencyGBX
Price updated29/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0Z4V
Fidelity Global High Yield I Acc
Initial charge-
Annual charge0.45%
Min single investment£10,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1363
CurrencyGBX
Price updated29/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0Z53
Fidelity Global High Yield Y Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.03%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1362
CurrencyGBX
Price updated29/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0Z51
Fidelity Global High Yield Y Gr Acc
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.03%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1411
CurrencyGBX
Price updated29/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0Z52
Fidelity Global High Yield Y Gr Inc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.03%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1071
CurrencyGBX
Price updated29/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0Z50
Fidelity Global High Yield Y Inc
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.03%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1072
CurrencyGBX
Price updated29/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0Z4Z
Data provided by

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