Fact sheet: Fidelity MA Open Grth

Fund information
Fund name
Fidelity Multi Asset Open Growth Y Acc
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund managers
  • Ayesha Akbarsince 01/02/2010
  • James Batemansince 05/02/2013
Fund objective
The fund aims to provide long-term capital growth. The fund invests in a range of assets to gain exposure to equities, bonds, commodities, property and cash based in the UK and other worldwide markets. The Fund will invest in funds and may also invest in transferable securities, money market instruments, cash and deposits. It is anticipated that as an “open” fund, investment shall be made in both funds managed by third party fund providers and funds managed by Fidelity and in such proportions as the investment manager may decide in pursuit of the investment strategy. The fund has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. The fund can invest in bonds issued by governments, companies and other bodies. The fund 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. May also make extensive use of derivatives including more complex instruments or strategies to achieve the investment objective and these may result in leverage. In such situations performance may rise or fall more than it would have done otherwise, reflecting such additional exposure.
Benchmark
No data available.
Investment style
Flexible
Investment method
None
Quick stats
1 Year return
24.2%
1 Year rank in sector
59/268
Sector
UT Mixed Investment 40%-85% Shares
Yield
-
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.
1.5%
Fund size
£111m (£110m 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.
62
Mid price
57.47
Top in this sector
Fund name1 Year
Orbis Gbl Bal45.8%
FP MA DRP VIII37.7%
CF Greenmount37.2%
HSBC Wld Seltn Advntr Pfl37%
SVS TPI Aggressive 136.9%
...more in UT Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • UK32.5%
    North America18.4%
    Money Market16.3%
    Not Specified11.4%
    International5.9%
  • Equities54.2%
    Fixed Interest18.2%
    Others16.3%
    Commodity & Energy14%
    Property7%
  • UK Equities20.2%
    North American Equities18.4%
    Money Market16.3%
    Commodity & Energy14%
    UK Fixed Interest12.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.3%3.3%9.8%24.2%23.8%46.2%
Sector3.3%2.7%8.6%19.7%22.9%50.6%
Rank within sector35 / 28491 / 28093 / 27759 / 268124 / 243158 / 208
Quartile1st2nd2nd1st3rd4th
Calendar performance
 YTD - 20172016201520142013
Fund2.7%16.6%-0.7%5%9.1%
Sector2%13.3%2.2%5%13.5%
Rank within sector48 / 28355 / 268229 / 252139 / 242203 / 224
Quartile1st1st4th3rd4th
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.
0.11
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.
0.99
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.
0.45
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%.
7.3
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.
1.78
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.
0.02
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.
0.94
Price movement
52 week high57.08
52 week low44.36
Current bid price-
Current offer price-
Current mid price57.47
Region
1UK32.46%
2North America18.39%
3Money Market16.33%
4Not Specified11.36%
5International5.94%
6Europe ex UK5.88%
7Global Emerging Markets4.33%
8Japan3.5%
9Pacific ex-Japan1.82%
Industry sector
1Equities54.16%
2Fixed Interest18.16%
3Others16.33%
4Commodity & Energy13.98%
5Property6.97%
6Derivatives-9.59%
Asset type
1UK Equities20.24%
2North American Equities18.39%
3Money Market16.33%
4Commodity & Energy13.98%
5UK Fixed Interest12.22%
6Property6.97%
7Global Fixed Interest5.94%
8Europe ex UK Equities5.88%
9Global Emerging Market Equities4.33%
Individual holdings
1ILF US DOLLAR FUND DIS C9.89%
2INDEPENDENT FRANCHISE VAR CAP COMP7.33%
3BLACKROCK GLOBAL PROPERTY SECURITIES EQUITY TRACKER L ACC6.97%
4MAJEDIE UK EQUITY X ACC5.62%
5FIDELITY STRATEGIC BOND INC4.87%
6FIDELITY INDEX US P4.16%
7JOHCM UK DYNAMIC Y ACC4.1%
8ARTEMIS INCOME I ACC4.06%
9FIDELITY INSTITUTIONAL UK AGGREGATE BOND GR3.93%
Management
Fund manager group
No data available.
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund objective
The fund aims to provide long-term capital growth. The fund invests in a range of assets to gain exposure to equities, bonds, commodities, property and cash based in the UK and other worldwide markets. The Fund will invest in funds and may also invest in transferable securities, money market instruments, cash and deposits. It is anticipated that as an “open” fund, investment shall be made in both funds managed by third party fund providers and funds managed by Fidelity and in such proportions as the investment manager may decide in pursuit of the investment strategy. The fund has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. The fund can invest in bonds issued by governments, companies and other bodies. The fund 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. May also make extensive use of derivatives including more complex instruments or strategies to achieve the investment objective and these may result in leverage. In such situations performance may rise or fall more than it would have done otherwise, reflecting such additional exposure.
Benchmark
No data available.
Investment style
Flexible
Investment method
None
Fund managers
NameSinceBiography
Ayesha Akbar01/02/2010Ayesha Akbar joined Fidelity's MultiManager Business in June 2008 as Portfolio Manager covering Asia Pacific ex-Japan and Global Emerging Market equities. She also brings a wealth of experience in other asset classes as a member of a broad asset team with previous employers. Prior to joining Fidelity Ayesha worked at Barclays Wealth for six years. She spent the first five years helping to establish the £10bn+ multi-manager business with the Private Clients division, working on global and regional fixed income and Asia/Emerging equities. For the last 12 months she has been an Associate Director of the newly formed Wealth division, focusing on manager research and portfolio management for Asian and Emerging equities. Prior to joining Barclays, Ayesha worked for two years as an investment analyst for Abu Dhabi Investment Authority, researching and managing portfolios of external funds focused on UK and European equities. Ayesha Akbar is a CFA Charterholder. She has a BSc (Hons) Economics degree and an MSc (Accounting and Finance) degree both gained from the London School of Economics and Political Science.
James Bateman05/02/2013James joined Fidelity in 2012, having previously worked at Barclays Wealth, Northern Trust Global Investments, Investment Manager Selection Limited and Mercer Management Consulting. He has an MA in Economics from the University of Cambridge. James leads our global manager research and portfolio management capabilities.
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Jersey
Fidelity Multi Asset Open Growth A Acc
Initial charge3.5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.99%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price55.28
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFT84
Fidelity Multi Asset Open Growth N Acc
Initial charge-
Annual charge0.5%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.27%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price125
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJJFY
Fidelity Multi Asset Open Growth Y Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.5%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price57.47
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG7FS
Data provided by

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