Fact sheet: Fidelity Inst UK Aggr Bd

Fund information
Fund name
Fidelity Institutional UK Aggregate Bond Gr
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund managers
  • Ian Fishwicksince 01/08/2007
Fund objective
Aims to provide income and capital growth. Obtains exposure primarily to UK government and non-government bonds. 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
No data available.
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
10.8%
1 Year rank in sector
17/89
Sector
UT Sterling Corporate Bond
Yield
2.6%
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.
0.42%
Fund size
£522m (£527m 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.
40
Mid price
205.7
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond17%
Henderson Inst Long Dat Cr15.6%
F&C Instl Lg Dtd Corp Bd15.2%
Newton Long Corporate Bond15.1%
Baillie Gifford Inv Gd LgBd14.5%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK67.8%
    USA5.4%
    Latin America4.7%
    Australasia3.8%
    Switzerland3.5%
  • Government Bonds36.6%
    Financials26.3%
    Investment Grade Bonds16.5%
    High Yield Bond6.4%
    Asset/Mortgage-Backed Securities4.9%
  • UK Fixed Interest53.9%
    UK Gilts36.6%
    UK Corporate Fixed Interest6.4%
    Money Market3.1%
    Alternative Investment Strategies0.1%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.3%3.7%2.1%10.8%26.3%40.9%
Sector1%2.9%1.8%9%19%35%
Rank within sector13 / 9612 / 9429 / 9217 / 8910 / 8220 / 69
Quartile1st1st2nd1st1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund2.7%11.2%0.4%14.1%-1.3%
Sector2.4%9.1%-0.3%10.1%0.2%
Rank within sector26 / 9414 / 8722 / 8510 / 8270 / 76
Quartile2nd1st2nd1st4th
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.
4.34
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.
0.75
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%.
6.38
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.
6.22
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.
0.11
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.
0.23
Price movement
52 week high209
52 week low184.8
Current bid price-
Current offer price-
Current mid price205.7
Region
1UK67.82%
2USA5.39%
3Latin America4.69%
4Australasia3.83%
5Switzerland3.46%
6Europe3.31%
7France3.17%
8Middle East/ Africa2.91%
9Germany2.32%
Industry sector
1Government Bonds36.56%
2Financials26.3%
3Investment Grade Bonds16.51%
4High Yield Bond6.43%
5Asset/Mortgage-Backed Securities4.85%
6Investment Grade Government Bonds4.67%
7Money Market3.05%
8Others1.55%
9Foreign Exchange0.09%
Asset type
1UK Fixed Interest53.88%
2UK Gilts36.56%
3UK Corporate Fixed Interest6.43%
4Money Market3.05%
5Alternative Investment Strategies0.09%
Individual holdings
1UNITED KINGDOM OF GREAT BRITAIN39.54%
2LLOYDS BANKING GROUP PLC2.81%
3NATIONAL GRID ELECTRICITY TRANS2.34%
4(WSTP) WESTPAC BANKING CORP2.1%
5Aa Bond Co Ltd2%
6HSBC BANK PLC1.61%
7(THAMES) THAMES WATER UTIL CAY FI1.58%
8BARCLAYS BANK PLC1.36%
9CREDIT SUISSE1.26%
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. Obtains exposure primarily to UK government and non-government bonds. 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
No data available.
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Ian Fishwick01/08/2007Ian 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
Denmark, Finland, France, United Kingdom, Guernsey, Ireland, Netherlands, Norway, Sweden
Fidelity Institutional UK Aggregate Bond Gr
Initial charge-
Annual charge0.35%
Min single investment£100,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.42%
Total expense ratio (TER)0.42%
Bid price-
Offer price-
Mid price205.7
CurrencyGBX
Price updated24/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeD827
Data provided by

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