Fact sheet: Fidelity Ml Ast OpAd

Fund information
Fund name
Fidelity Multi Asset Open Adventurous Y Acc
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund managers
  • Ayesha Akbarsince 11/01/2017
  • Bill McQuakersince 11/01/2017
Fund objective
This Fund targets an average annual return of 6.5% after the deduction of ongoing fund charges, over a typical market cycle of 5-7 years. The return target assumes the deduction of the ongoing charges figure (OCF) on the Y share class. There is no guarantee that the target will be achieved by the Fund. The Fund typically has a large exposure to higher risk investments meaning that it is likely to experience short-term price fluctuations and an investor may not get back the full amount invested. The Fund invests primarily into funds (including those managed by Fidelity) which provide global exposure to a diversified range of assets. The Fund can also invest directly in to transferable securities, money market instruments, cash and deposits, and is also able to use derivatives for efficient portfolio management and investment purposes. Asset allocation exposure of the Fund will be actively managed subject to it remaining within the following parameters: 60-100% equity, 0-40% debt instruments (which may include high yield and emerging market debt) 0-20% cash and 0-30% alternatives (such as infrastructure securities and Real Estate Investment Trusts).
Benchmark
  • No Specified Index
Investment style
Flexible
Investment method
None
Quick stats
1 Year return
20.6%
1 Year rank in sector
71/242
Sector
UT Flexible Investment
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.
1.65%
Fund size
£10m (£9m 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.
80
Mid price
136.8
Top in this sector
Fund name1 Year
M&G Managed Growth34.6%
TB Wise Income30.4%
CF Miton Worldwide Opps29.8%
TB Wise Investment29.5%
Smith & Williamson MM GblInvest29.4%
...more in UT Flexible Investment

Performance snapshot

Holdings snapshot

  • UK25.4%
    North America22.8%
    Not Specified18.7%
    Europe ex UK14.5%
    Japan6.1%
  • No data available.
  • UK Equities25.4%
    North American Equities22.8%
    Europe ex UK Equities14.5%
    Commodity & Energy7.7%
    Japanese Equities6.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%2.1%5%20.6%26.8%-
Sector0.3%2.8%4.4%16.5%25.2%48.8%
Rank within sector198 / 255179 / 25299 / 24371 / 242101 / 191-
Quartile4th3rd2nd2nd3rd
Calendar performance
 YTD - 20172016201520142013
Fund3%20.4%-1.9%4.9%-
Sector3.6%12.8%2%4.9%14.1%
Rank within sector163 / 24333 / 230195 / 208113 / 186-
Quartile3rd1st4th3rd
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.
-0.67
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.
1.13
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%.
8.76
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.
2.24
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.
0.13
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.
0.95
Price movement
52 week high139.4
52 week low110.5
Current bid price-
Current offer price-
Current mid price136.8
Region
1UK25.4%
2North America22.8%
3Not Specified18.7%
4Europe ex UK14.5%
5Japan6.1%
6Global Emerging Markets5.7%
7Money Market3.4%
8Pacific ex-Japan3.4%
Industry sector
No data available.
Asset type
1UK Equities25.4%
2North American Equities22.8%
3Europe ex UK Equities14.5%
4Commodity & Energy7.7%
5Japanese Equities6.1%
6Property6.1%
7Global Emerging Market Equities5.7%
8Asia Pacific ex Japan Equities3.4%
9Money Market3.4%
Individual holdings
1BLOOMBERG COMMODITY INDEX_CFD6.7%
2MAJEDIE ASSET MANAGEMENT6.5%
3FIDELITY INDEX US FUND F ACCUMULATION SHARES6.4%
4JO HAMBRO CAPITAL MANAGEMENT UK UMBRELLA FUND - UK DYNAMIC FUND5.9%
5BLACKROCK GLB PROP SEC EQT FND5.7%
6ARTEMIS INCOME I ACC5.4%
7ALMA CAPITAL INVESTMENT FUNDS - ALMA HOTCHKINS & WILEY US LARGE CAP VALUE EQUITY I USD4.4%
8OLD MUTUAL NORTH AMERICAN EQUITY A ACC GBP4.3%
9BLACKROCK CONTINENTAL EUROPEAN A ACC4.2%
Management
Fund manager group
No data available.
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund objective
This Fund targets an average annual return of 6.5% after the deduction of ongoing fund charges, over a typical market cycle of 5-7 years. The return target assumes the deduction of the ongoing charges figure (OCF) on the Y share class. There is no guarantee that the target will be achieved by the Fund. The Fund typically has a large exposure to higher risk investments meaning that it is likely to experience short-term price fluctuations and an investor may not get back the full amount invested. The Fund invests primarily into funds (including those managed by Fidelity) which provide global exposure to a diversified range of assets. The Fund can also invest directly in to transferable securities, money market instruments, cash and deposits, and is also able to use derivatives for efficient portfolio management and investment purposes. Asset allocation exposure of the Fund will be actively managed subject to it remaining within the following parameters: 60-100% equity, 0-40% debt instruments (which may include high yield and emerging market debt) 0-20% cash and 0-30% alternatives (such as infrastructure securities and Real Estate Investment Trusts).
Benchmark
  • No Specified Index
Investment style
Flexible
Investment method
None
Fund managers
NameSinceBiography
Ayesha Akbar11/01/2017<<AUTOMATED>>
Bill McQuaker11/01/2017Bill joined Fidelity Multi Asset in October 2016. He has three decades of investment experience, joining Fidelity from Henderson Global Investors, where he was Head of Multi Asset. Before this, Bill worked at Credit Suisse, where he held roles in European equity strategy and quantitative research. Over his extensive career, Bill has developed a rigorous and disciplined investment approach. He has a deep understanding of asset class behaviour, and substantial experience in managing multi asset investment strategies to deliver specific outcomes for clients.Bill graduated from Edinburgh University in 1985, with a BComm degree in Business.
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Jersey
Fidelity Multi Asset Open Adventurous N Acc
Initial charge-
Annual charge0.5%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.47%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price129.2
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJJFV
Fidelity Multi Asset Open Adventurous Y Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price136.8
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI3BP
Data provided by

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