Fact sheet: Fidelity Intl Bd

Fund information
Fund name
Fidelity International Bond A USD
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • David Simnersince 30/08/2016
  • Rick Patelsince 30/08/2016
Fund objective
Aims to provide relatively high income with the possibility of capital growth. Invests in international markets to maximize performance measured in US Dollars. The fund may invest its net assets directly in onshore China bonds listed or traded on any eligible market in China. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments may be made in bonds issued in currencies other than the fund’s reference currency. Exposure to currencies may be hedged, for example with currency forward contracts. The reference currency is the currency used for reporting and may be different from the dealing currency. Can invest in bonds issued by governments, companies and other bodies. 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. 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
  • Bloomberg Barclays Global Aggregate
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
2%
1 Year rank in sector
177/295
Sector
FO Fixed Int - Global
Yield
1.4%
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.
1.16%
Fund size
£322m (£323m 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.
69
Top in this sector
Fund name1 Year
Capital Group GHIOL32.9%
Dodge & Cox Global Bond25.7%
HSBC GIF Gbl AsBk Bd24.3%
Morg Stnly Gbl Mrtg Securts23.5%
Russell Gbl Bd23.1%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • USA30.2%
    Japan14%
    Germany11.8%
    International10.3%
    UK8.4%
  • Government Bills59.8%
    Banks14.9%
    Non-Cyclical Consumer Goods8.3%
    Money Market3%
    Communications2.8%
  • US Fixed Interest30.2%
    Japanese Fixed Interest14%
    German Fixed Interest11.8%
    Global Fixed Interest10%
    UK Fixed Interest8.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.7%-6%-4.9%2%-4.5%-2.7%
Sector-1.9%-2.2%0.7%3.2%5.9%13.5%
Rank within sector275 / 315280 / 312294 / 307177 / 295215 / 236146 / 169
Quartile4th4th4th3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund2.2%-5.4%-1.2%-3.3%5.2%
Sector3.8%-1.6%3.7%-1.6%8.2%
Rank within sector190 / 299242 / 275209 / 236142 / 206117 / 171
Quartile3rd4th4th3rd3rd
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.
-4.22
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.
1.44
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
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%.
5.45
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.
3.88
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.
-0.91
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.
0.54
Price movement
52 week high1.19
52 week low1.09
Current bid price-
Current offer price-
Current mid price1.1
Region
1USA30.15%
2Japan13.96%
3Germany11.81%
4International10.25%
5UK8.37%
6Australasia6.06%
7France3.9%
8Canada3.82%
9Europe3.04%
Industry sector
1Government Bills59.81%
2Banks14.85%
3Non-Cyclical Consumer Goods8.26%
4Money Market3%
5Communications2.83%
6Energy2.82%
7Government Bonds2.8%
8Insurance1.33%
9Cyclical Consumer Goods1.14%
Asset type
1US Fixed Interest30.15%
2Japanese Fixed Interest13.96%
3German Fixed Interest11.81%
4Global Fixed Interest10.02%
5UK Fixed Interest8.37%
6Asia Pacific Fixed Interest6.06%
7French Fixed Interest3.9%
8Canadian Fixed Interest3.82%
9European Fixed Interest3.04%
Individual holdings
1JAPAN(GOVERNMENT OF) 0.4% NTS 20/06/25 JPY10000003.8%
2JAPAN(GOVERNMENT OF) 1% BDS 20/09/21 JPY1000 3183.69%
3FIDELITY INSTITUTIONAL LIQUIDITY USD A ACC3.67%
4UNITED STATES OF AMER TREAS BONDS FXD RT BDS 15/05/46 USD1003.4%
5GERMANY(FEDERAL REPUBLIC OF) 0.1% BDS 15/04/23 EUR0.013.38%
6GERMANY(FEDERAL REPUBLIC OF) 0.5% BDS 15/02/26 EUR0.013.18%
7JAPAN(GOVERNMENT OF) 1.7% BDS 20/09/32 JPY500003.06%
8AUSTRALIA(COMMONWEALTH OF) 5.75% BDS 15/07/22 AUD10002.98%
9UNITED STATES OF AMER TREAS BONDS 0.125% BDS 15/04/20 USD1002.88%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
Aims to provide relatively high income with the possibility of capital growth. Invests in international markets to maximize performance measured in US Dollars. The fund may invest its net assets directly in onshore China bonds listed or traded on any eligible market in China. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments may be made in bonds issued in currencies other than the fund’s reference currency. Exposure to currencies may be hedged, for example with currency forward contracts. The reference currency is the currency used for reporting and may be different from the dealing currency. Can invest in bonds issued by governments, companies and other bodies. 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. 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
  • Bloomberg Barclays Global Aggregate
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
David Simner30/08/2016David Simner joined Fidelity in 1996, having previously started in the industry for NatWest Markets in 1995. His first eight years at Fidelity were as a quantitative analyst within the fixed income team and then, in 2004, he became Director of Quantitative Research in London. In 2007, David was promoted to the role of portfolio manager. In addition to being the manager of Fidelity's main European fixed income range since 2009, David has also had responsibility for the global fixed income range since 2007. He also leads the weekly Euro Bond strategy meeting. David is a Chartered Engineer and holds a B.Sc from Imperial College of Science and Technology in London.
Rick Patel30/08/2016The portfolio manager, Rick Patel, joined Fidelity in 2000 as a quantitative analyst, before moving to the Hong Kong office on being promoted to the position of Associate Portfolio Manager in 2005 and later Portfolio Manager in 2007. He moved back to the London office in 2009. Prior to Fidelity, Rick began his career in the industry at Prudential in 1999 where he worked in fixed income research. Rick holds a BA (Hons) in Mathematical Science from Oxford University, as well as a Certification of Quantitative Finance and an Investment Management Certificate (IMC). He is also a Chartered Financial Analyst (CFA).
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Bahrain, Switzerland, Chile, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Gulf Cooperation Council, Guernsey, Hong Kong, Hungary, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Peru, Poland, Portugal, Qatar, Singapore, Slovakia, Sweden, Taiwan - Province Of China
Fidelity International Bond A Acc USD
Initial charge5.25%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price12.67
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG840
Fidelity International Bond A Hedged Acc EUR
Initial charge5.25%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price13.36
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBOJ3
Fidelity International Bond A Hedged Acc JPY
Initial charge5.25%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1001
CurrencyJPY
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE7QH
Fidelity International Bond A USD
Initial charge5.25%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price1.097
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFJ02
Fidelity International Bond Y Acc USD
Initial charge-
Annual charge0.38%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price9.661
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF6IY
Data provided by

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