Fact sheet: Fidelity Inst Gbl Focus

Fund information
Fund name
Fidelity Institutional Global Focus I Acc EUR
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund manager
  • Brenda Reedsince 01/05/2007
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in company shares listed in the world's stock markets. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments are concentrated in the shares of a more limited number of companies and therefore the resulting portfolio will be less diversified. 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. The fund may only be acquired by Institutional Investors. 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
  • MSCI AC World
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
28.7%
1 Year rank in sector
110/480
Sector
FO Equity - International
Yield
-
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.
0.9%
Fund size
£130m (£115m 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.
102
Top in this sector
Fund name1 Year
Heptagon Kprnk GblAlCpEq65.9%
SKAGEN Focus51.6%
Dimensional World Equity46.1%
Sanlam FOUR Gbl Equity44.6%
La Mondiale Intl Eq44.6%
...more in FO Equity - International

Performance snapshot

Holdings snapshot

  • USA54%
    Japan10.7%
    UK7.1%
    Others6.2%
    Germany4.3%
  • Information Technology20.5%
    Financials16.7%
    Industrials10.5%
    Consumer Discretionary9.3%
    Consumer Staples9.3%
  • US Equities54%
    Japanese Equities10.7%
    UK Equities7.1%
    International Equities6.2%
    German Equities4.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.7%8.7%13%28.7%53.8%95.1%
Sector2.9%7.1%7%21.4%20.5%51%
Rank within sector20 / 51171 / 50671 / 497110 / 48031 / 38527 / 288
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund6.1%7.8%14.4%18%18.8%
Sector4.4%7.9%0.7%6%21.3%
Rank within sector73 / 508197 / 47217 / 41838 / 376247 / 328
Quartile1st2nd1st1st4th
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.
6.95
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.
1.07
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.
0.87
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%.
12.17
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.
6.94
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.
1.02
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.
0.67
Price movement
52 week high202.1
52 week low157.1
Current bid price-
Current offer price-
Current mid price202.1
Region
1USA54%
2Japan10.7%
3UK7.1%
4Others6.2%
5Germany4.3%
6Money Market3.8%
7France2.9%
8Canada2.4%
9India2.4%
Industry sector
1Information Technology20.5%
2Financials16.7%
3Industrials10.5%
4Consumer Discretionary9.3%
5Consumer Staples9.3%
6Health Care8.5%
7Energy7.9%
8Materials7.5%
9Telecommunications Utilities3.9%
Asset type
1US Equities54%
2Japanese Equities10.7%
3UK Equities7.1%
4International Equities6.2%
5German Equities4.3%
6Money Market3.8%
7French Equities2.9%
8Canadian Equities2.4%
9Indian Equities2.4%
Individual holdings
1JPMORGAN CHASE & CO2.36%
2APPLE INC2.21%
3ALPHABET INC2.11%
4SAP SE1.8%
5WELLS FARGO & CO1.77%
6MICROSOFT CORP1.74%
7ROYAL DUTCH SHELL1.61%
8ORIX CORP1.47%
9BNP PARIBAS1.45%
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 with the level of income expected to be low. At least 70% invested in company shares listed in the world's stock markets. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments are concentrated in the shares of a more limited number of companies and therefore the resulting portfolio will be less diversified. 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. The fund may only be acquired by Institutional Investors. 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
  • MSCI AC World
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Brenda Reed01/05/2007Brenda Reed joined Fidelity in January 1992 as a Research Analyst in Boston. She has held roles as Director of Research for European Equities in London and Director of Research for Japanese Equities in Tokyo and managed several of Fidelity's funds internationally. Brenda has managed money in US and Japan and has acted director of research and a research analyst in Japan and the US respectively. In January 2003, she returned to managing client money, assuming responsibility for Fidelity Funds Global Focus Fund. Brenda was instrumental in the development of the sector funds within the Fidelity funds SICAV range and has been responsible for developing our sector based analysis throughout her various research roles. The Fidelity Institutional Global Focus Fund was launched at the beginning of 2004. Prior to joining Fidelity, Brenda was Vice President at New England Research and Management in Boston. Brenda holds an MBA, Finance from Tuck School of Business, Dartmouth College and a BSc from Boston University. Brenda brings to the fund a truly international perspective and a wealth of experience in the art of sector based analysis and investment management.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Ireland, Iceland, Italy, Jersey, Luxembourg, Malta, Netherlands, Norway, Offshore, Poland, Sweden
Fidelity Institutional Global Focus I Acc EUR
Initial charge-
Annual charge0.8%
Min single investment£500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price202.1
CurrencyEUR
Price updated20/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeX050
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