Fact sheet: Fidelity Inst Long Bond

Fund information
Fund name
Fidelity Institutional Long Bond
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund managers
  • Timothy Fostersince 05/07/2015
  • Ian Fishwicksince 17/11/2008
Fund objective
Aims to provide income and capital growth. At least half of the portfolio will obtain exposure to UK and overseas government bonds and other fixed interest securities with a remaining maturity of at least 15 years. May also invest in relation to other UK and overseas government bonds and fixed interest securities. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments may be made in relation to bonds issued in currencies other than the fund’s denominated currency. Exposure to currencies may be hedged, for example with currency forward contracts. Can invest in relation to bonds issued by governments, companies and other bodies. The fund may make use of derivatives which are consistent with achieving the fund’s objective. This may result in “leverage” by which we mean a level of exposure which could expose the fund to the potential of greater gains or losses than would otherwise be the case. The fund has discretion in its choices of investments within its objectives and policies. Income is reinvested in additional shares or paid to shareholders on request. 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
  • FTSE A UK Gilts Over 15 Years Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
12.7%
1 Year rank in sector
25/67
Sector
UT Global Bonds
Yield
2.4%
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.
0.33%
Fund size
£193m (£152m 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.
86
Mid price
55.35
Top in this sector
Fund name1 Year
M&G Global gvt bnd29.8%
Aberdeen World Gov Bd25.6%
M&G Global Macro Bond24.5%
BlackRock Osea GovBdTrk24.2%
BlackRock OseaCorBdTrk24.1%
...more in UT Global Bonds

Performance snapshot

Holdings snapshot

  • UK82.3%
    USA3.3%
    France2.9%
    Australasia2.8%
    Middle East/ Africa2.3%
  • Government Bonds72.4%
    Investment Grade Bonds10%
    Financials7.3%
    Investment Grade Government Bonds3.2%
    Money Market1.8%
  • UK Gilts72.4%
    UK Fixed Interest23.2%
    Money Market1.8%
    Alternative Investment Strategies1.6%
    UK Corporate Fixed Interest1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.7%-12.1%2.6%12.7%42.2%43.2%
Sector-2.9%-1.5%5.3%11.7%13.5%19%
Rank within sector50 / 7069 / 6942 / 6925 / 671 / 574 / 47
Quartile3rd4th3rd2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund14.2%-0.5%25.8%-6.1%3.6%
Sector11.3%-1.3%3.8%-2%6.1%
Rank within sector25 / 6733 / 611 / 5846 / 5537 / 47
Quartile2nd3rd1st4th4th
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.
9.92
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.
0.53
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.
0.67
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%.
13.12
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.
12.98
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.
0.48
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.
0.05
Price movement
52 week high64.18
52 week low49.38
Current bid price-
Current offer price-
Current mid price55.35
Region
1UK82.32%
2USA3.27%
3France2.89%
4Australasia2.82%
5Middle East/ Africa2.26%
6Not Specified1.55%
7Germany1.16%
8Latin America1.06%
9Asia Pacific ex Japan1%
Industry sector
1Government Bonds72.38%
2Investment Grade Bonds10.01%
3Financials7.33%
4Investment Grade Government Bonds3.21%
5Money Market1.82%
6Foreign Exchange1.55%
7Others1.34%
8Asset/Mortgage-Backed Securities1.3%
9High Yield Bond1.06%
Asset type
1UK Gilts72.38%
2UK Fixed Interest23.19%
3Money Market1.82%
4Alternative Investment Strategies1.55%
5UK Corporate Fixed Interest1.06%
Individual holdings
1TREASURY 3.25% GILT 22/01/44 GBP0.0115.18%
2TREASURY 3.75% GILT 22/07/52 GBP0.0114.53%
3TREASURY 4.25% GILT 7/9/39 GBP0.0110.21%
4TREASURY 3.5% GILT 22/07/68 GBP0.017.53%
5TREASURY 4.75% GILT 07/12/38 GBP6.92%
6TREASURY 4.25% GILT 07/03/36 GBP0.013.77%
7TREASURY 4.25% GILT 07/12/49 GBP0.013.77%
8TREASURY 4.25% GILT 07/12/55 GBP0.013.6%
9TREASURY 4% GILT 22/01/60 GBP0.013.52%
Management
Fund manager group
No data available.
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund objective
Aims to provide income and capital growth. At least half of the portfolio will obtain exposure to UK and overseas government bonds and other fixed interest securities with a remaining maturity of at least 15 years. May also invest in relation to other UK and overseas government bonds and fixed interest securities. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments may be made in relation to bonds issued in currencies other than the fund’s denominated currency. Exposure to currencies may be hedged, for example with currency forward contracts. Can invest in relation to bonds issued by governments, companies and other bodies. The fund may make use of derivatives which are consistent with achieving the fund’s objective. This may result in “leverage” by which we mean a level of exposure which could expose the fund to the potential of greater gains or losses than would otherwise be the case. The fund has discretion in its choices of investments within its objectives and policies. Income is reinvested in additional shares or paid to shareholders on request. 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
  • FTSE A UK Gilts Over 15 Years Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Timothy Foster05/07/2015Tim Foster is a Portfolio Manager within Fidelity International’s London-based fixed income team managing various money market and short-term bond funds. Tim joined Fidelity in 2003 as a Quantitative Analyst and progressed to become a Portfolio Manager in 2007. He has a BA MSc in Natural Sciences from Cambridge University and is a CFA Charterholder. He also has a Certificate in Quantitative Finance.
Ian Fishwick17/11/2008Ian Fishwick is responsible for managing Fidelity’s sterling bond strategies including separate accounts for institutional investors. Ian has 29 years of investment experience and has worked for Fidelity for the past 9 years. He has been a portfolio manager for over 25 years. Ian has held a range of senior positions within the asset management industry including: Head of UK Fixed Income at Credit Suisse Asset Management, Chief Investment Officer for Sun Life of Canada’s UK asset management business, Head of Fixed Income for Sun Life of Canada, and Portfolio Manager for Confederation Life. He has a Masters Degree in Natural Sciences from Cambridge University and is a Fellow of the Institute of Actuaries.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Denmark, Finland, France, United Kingdom, Guernsey, Ireland, Netherlands, Norway, Sweden
Fidelity Institutional Long Bond
Initial charge-
Annual charge0.25%
Min single investment£100,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.33%
Total expense ratio (TER)0.33%
Bid price-
Offer price-
Mid price55.35
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF135
Fidelity Institutional Long Bond Gr
Initial charge-
Annual charge0.25%
Min single investment£100,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.33%
Total expense ratio (TER)0.33%
Bid price-
Offer price-
Mid price93.21
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS83
Fidelity Institutional Long Bond Gr Inc
Initial charge-
Annual charge0.25%
Min single investment£100,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.32%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1236
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG5BA
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