Fact sheet: Fidelity Inst UK Idx Lkd Bd

Fund information
Fund name
Fidelity Institutional UK Index Linked Bond
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund managers
  • Ian Fishwicksince 30/08/2016
  • Timothy Fostersince 30/08/2016
Fund objective
Aims to provide income and capital growth. Obtains exposure primarily to UK and overseas government index-linked bonds as well as other index-linked 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
  • FTSE Actuaries UK Index-Linked Over 5 Years
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
21.2%
1 Year rank in sector
4/20
Sector
UT UK Index - Linked Gilts
Yield
0.1%
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
£394m (£255m 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.
93
Mid price
313.8
Top in this sector
Fund name1 Year
Insight UK Index Linked Bond21.9%
BlackRock Idx Lnkd Gilt Trckr21.2%
Blackrock Inst Bd Idx Lkd21.2%
Fidelity Inst UK Idx Lkd Bd21.2%
AXA Sterling Idx Linked Bd21.1%
...more in UT UK Index - Linked Gilts

Performance snapshot

Holdings snapshot

  • UK89.3%
    Money Market4.3%
    Continental Europe2.2%
    USA1.8%
    Australasia1.5%
  • Index Linked92.8%
    Money Market4.3%
    Investment Grade Bonds2.3%
    Government Bonds1.1%
    Asset/Mortgage-Backed Securities0.1%
  • UK Fixed Interest95.2%
    Money Market4.3%
    UK Gilts1.1%
    Alternative Investment Strategies-0.6%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.3%-6.4%15.7%21.2%45.8%55.9%
Sector-4%-5.6%13.7%18.6%39.1%46.8%
Rank within sector12 / 2116 / 214 / 204 / 204 / 193 / 15
Quartile3rd4th1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund23.2%-1.1%20.9%0.8%0.1%
Sector20.7%-1.2%18%-0.3%0.2%
Rank within sector4 / 2012 / 205 / 193 / 1911 / 15
Quartile1st3rd2nd1st3rd
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.
10.05
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.
0.66
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.
0.76
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%.
12.99
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.
12.45
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.
0.58
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.
0.09
Price movement
52 week high344.8
52 week low255.2
Current bid price-
Current offer price-
Current mid price313.8
Region
1UK89.29%
2Money Market4.27%
3Continental Europe2.18%
4USA1.82%
5Australasia1.51%
6France0.98%
7Europe0.46%
8Germany0.02%
9Others0.01%
Industry sector
1Index Linked92.82%
2Money Market4.27%
3Investment Grade Bonds2.29%
4Government Bonds1.12%
5Asset/Mortgage-Backed Securities0.07%
6Foreign Exchange-0.56%
Asset type
1UK Fixed Interest95.18%
2Money Market4.27%
3UK Gilts1.12%
4Alternative Investment Strategies-0.56%
Individual holdings
1TREASURY 0.125% GILT 22/03/44 GBP0.0113.9%
2TREASURY 0.625% IDX-LKD GILT 22/11/42 GBP8.56%
3TREASURY 0.75% IDX-LKD GILT 22/03/34 GBP0.016.5%
4TREASURY 1.25% IDX-LKD GILT 22/11/55 GBP0.016.1%
5TREASURY 4.125%IDX-LINKED GILT 22/07/30 GBP0.015.29%
6TREASURY 0.125% IDX LKD GILT 22/03/46 GBP4.91%
7TREASURY 0.125% GILT 22/03/68 GBP0.014.9%
8TREASURY 0.375% IDX-LKD GILT 22/03/62 GBP4.86%
9TREASURY 0.5% IDX LKD GILT 22/3/50 GBP0.014.66%
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 and overseas government index-linked bonds as well as other index-linked 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
  • FTSE Actuaries UK Index-Linked Over 5 Years
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Ian Fishwick30/08/2016Ian 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.
Timothy Foster30/08/2016Tim 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.
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 UK Index Linked 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 price313.8
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFI50
Fidelity Institutional UK Index Linked 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 price381.4
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS82
Fidelity Institutional UK Index Linked Bond Gr Inc
Initial charge-
Annual charge0.25%
Min single investment£100,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.33%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1479
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG5BC
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