Fact sheet: Fidelity Inst UK Lg Crp Bd

Fund information
Fund name
Fidelity Institutional UK Long Corporate Bond
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund managers
  • Ian Fishwicksince 31/07/2007
Fund objective
Aims to provide income and capital growth. Obtains exposure primarily to non-government bonds at least half of which will have a remaining maturity of at least 10 years. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes.
Benchmark
  • The BofA Merrill Lynch 10+ Year Eurosterling Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
11%
1 Year rank in sector
7/92
Sector
UT Sterling Corporate Bond
Yield
3.5%
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
£521m (£390m 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.
58
Mid price
147.5
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond12.5%
F&C Instl Lg Dtd Corp Bd12%
Henderson Inst Long Dat Cr11.9%
Insight UK Corp Lg Mat Bd11.9%
Newton Long Corporate Bond11.4%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK41.1%
    USA25.1%
    France9.8%
    Europe5.2%
    Latin America4.3%
  • Investment Grade Bonds46.8%
    Financials19.9%
    Government Bonds10.6%
    Asset/Mortgage-Backed Securities8.2%
    High Yield Bond7.7%
  • UK Fixed Interest41.1%
    American Fixed Interest25.1%
    French Fixed Interest9.8%
    European Fixed Interest6.6%
    American Emerging Fixed Interest4.3%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.1%-8.2%4.2%11%30.4%54.4%
Sector-1.4%-4.6%2.6%6.7%17.6%34.2%
Rank within sector88 / 9787 / 944 / 947 / 926 / 873 / 71
Quartile4th4th1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund12.4%-0.8%16.9%0%15.1%
Sector7.3%-0.3%10.1%0.2%12.1%
Rank within sector5 / 9271 / 905 / 8756 / 7820 / 71
Quartile1st4th1st3rd2nd
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.
0.02
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.
1.68
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.
0.59
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%.
9.02
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.
3.86
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.
0.87
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.
0.97
Price movement
52 week high162
52 week low131.8
Current bid price-
Current offer price-
Current mid price147.5
Region
1UK41.14%
2USA25.05%
3France9.79%
4Europe5.2%
5Latin America4.31%
6Germany3.99%
7Switzerland2.96%
8Middle East/ Africa1.63%
9Continental Europe1.44%
Industry sector
1Investment Grade Bonds46.78%
2Financials19.93%
3Government Bonds10.57%
4Asset/Mortgage-Backed Securities8.15%
5High Yield Bond7.72%
6Investment Grade Government Bonds4.34%
7Others1.67%
8Money Market1.22%
9Foreign Exchange-0.38%
Asset type
1UK Fixed Interest41.14%
2American Fixed Interest25.05%
3French Fixed Interest9.79%
4European Fixed Interest6.64%
5American Emerging Fixed Interest4.31%
6German Fixed Interest3.99%
7Swiss Fixed Interest2.96%
8Middle East & African Fixed Interest1.63%
9Scandinavian Fixed Interest1.42%
Individual holdings
1TREASURY 4.25% GILT 07/03/36 GBP0.015.77%
2GILEAD SCIENCES INC 4.75% BDS 01/03/46 USD10002.72%
3APPLE INC 3.6% BDS 31/07/42 GBP1000002.12%
4TREASURY 4.5% GILT 7/12/42 GBP2.08%
5WAL-MART STORES INC 6.2% BDS 15/04/38 USD10001.97%
6JUTURNA(EUROPEAN LOAN CONDUIT NO16) 5.0636% NOTES 10/8/33 GBP50000 REG`S`1.79%
7TESCO PROPERTY FINANCE 3 PLC 5.744% BDS 13/04/40 GBP10001.57%
8E.ON INTERNATIONAL FINANCE 6.75% MTN 27/01/39 GBP500001.54%
9HALLIBURTON CO BDS 15/11/45 USD20001.49%
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 non-government bonds at least half of which will have a remaining maturity of at least 10 years. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes.
Benchmark
  • The BofA Merrill Lynch 10+ Year Eurosterling Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Ian Fishwick31/07/2007Ian 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
Switzerland, Denmark, Finland, France, United Kingdom, Guernsey, Ireland, Netherlands, Norway, Sweden
Fidelity Institutional UK Long Corporate Bond
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 price147.5
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFI93
Fidelity Institutional UK Long Corporate Bond Gr Acc
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 price277.3
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS84
Fidelity Institutional UK Long Corporate Bond Gr Inc
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)-
Bid price-
Offer price-
Mid price1184
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGFWJ
Data provided by

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