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 31/08/2014
  • 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
11.7%
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
£74m (£37m 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
1307
Top in this sector
Fund name1 Year
Fidelity Global High Yield11.7%
Newton Global Hi Yield Bd10.3%
L&G High Income Trust9.7%
Investec MonthlyHiInc9.4%
JPM Global High Yield Bond8.8%
...more in UT Sterling High Yield

Performance snapshot

Holdings snapshot

  • USA33.8%
    Latin America16%
    Asia Pacific ex Japan15.3%
    UK11.6%
    Europe9.6%
  • Communications12.8%
    Cyclical Consumer Goods11.1%
    Basic Industries10.5%
    Banks9.6%
    Non-Cyclical Consumer Goods9.1%
  • US Fixed Interest33.8%
    American Emerging Fixed Interest16%
    Asia Pacific ex Japan Fixed Interest15.3%
    European Fixed Interest13.3%
    UK Fixed Interest11.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%1.6%7.5%11.7%13.2%-
Sector-0.4%-0.2%4.2%6.5%10.3%40.7%
Rank within sector15 / 232 / 231 / 231 / 237 / 22-
Quartile3rd1st1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund13.8%-1.8%0.7%5.5%-
Sector8%-0.3%1.8%6.2%18.4%
Rank within sector1 / 2316 / 2319 / 2218 / 21-
Quartile1st3rd4th4th
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.
0.83
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.
1.12
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.
0.2
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.
2.37
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.
0.51
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.
0.82
Price movement
52 week high1328
52 week low1106
Current bid price-
Current offer price-
Current mid price1307
Region
1USA33.75%
2Latin America16.03%
3Asia Pacific ex Japan15.25%
4UK11.62%
5Europe9.62%
6Continental Europe3.65%
7Money Market3.58%
8France2.59%
9Germany2.48%
Industry sector
1Communications12.8%
2Cyclical Consumer Goods11.11%
3Basic Industries10.47%
4Banks9.63%
5Non-Cyclical Consumer Goods9.14%
6Energy8.14%
7Technology7.22%
8Utilities7.06%
9Capital Goods6.99%
Asset type
1US Fixed Interest33.75%
2American Emerging Fixed Interest16.03%
3Asia Pacific ex Japan Fixed Interest15.25%
4European Fixed Interest13.27%
5UK Fixed Interest11.62%
6Money Market3.58%
7French Fixed Interest2.59%
8German Fixed Interest2.48%
9Canadian Fixed Interest2.29%
Individual holdings
1FIDELITY INSTITUTIONAL LIQUIDITY GBP A DIS2.82%
2PETROBRAS GLOBAL FINANCE BV 8.375% BDS 23/05/21 USD20002%
3CEMEX S.A.B. DE C.V. 7.75% BDS 16/04/26 USD200000 REG S1.86%
4STATS CHIPPAC 8.5% NTS 24/11/20 USD200000REG S1.75%
5VALEANT PHARMACEUTICALS INTL INC 7.0% BDS 01/10/20 USD1000`144A`1.25%
6GOLDEN LEGACY PTE LTD 9% GTD SNR NTS 24/04/19 USD1000 REG S1.21%
7FAGE INTL. SA/ FA 5.625%1.18%
8ARD FINANCE SA FRN 15/09/23 EUR1000001.05%
9TESCO PROPERTY FINANCE 2 PLC 6.0517% MTG BDS 13/10/39 GBP10001.03%
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 Atkinson31/08/2014KRIS 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 price1271
CurrencyGBX
Price updated01/12/2016
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 price1323
CurrencyGBX
Price updated01/12/2016
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 price1042
CurrencyGBX
Price updated01/12/2016
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 price1042
CurrencyGBX
Price updated01/12/2016
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 price1307
CurrencyGBX
Price updated01/12/2016
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 price1307
CurrencyGBX
Price updated01/12/2016
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 price1354
CurrencyGBX
Price updated01/12/2016
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 price1041
CurrencyGBX
Price updated01/12/2016
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 price1042
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0Z4Z
Data provided by

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