Fact sheet: Fidelity MlAsOpDef

Fund information
Fund name
Fidelity Multi Asset Open Defensive Y Acc
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund managers
  • James Batemansince 21/01/2013
  • Eugene Philalithissince 21/01/2013
Fund objective
Aims to provide long-term growth.Invests in a range of global assets to gain exposure to global markets mainly in bonds and cash, however, it is intended that the fund may also have exposure to equities, property and commodities. Invests 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.Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes.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.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.Gross paying shares may be held by, or on behalf of, certain eligible categories of UK resident investors.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
No data available.
Investment style
Cautious
Investment method
None
Quick stats
1 Year return
9.4%
1 Year rank in sector
15/75
Sector
UT Mixed Investment 0%-35% 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.
1.45%
Fund size
£7m (£10m 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.
31
Mid price
117.7
Top in this sector
Fund name1 Year
BlackRock NURS II Consensus 3515.7%
SVS TPI Cautious 315.1%
Old Mutual Cirilium Cons12.2%
SJP Strategic Income11.9%
7IM AAP Income10.7%
...more in UT Mixed Investment 0%-35% Shares

Performance snapshot

Holdings snapshot

  • Not Specified33.7%
    International28.1%
    UK25.4%
    North America5.6%
    Money Market2.9%
  • No data available.
  • Global Fixed Interest28.2%
    Others27%
    UK Fixed Interest19.7%
    UK Equities5.7%
    North American Equities5.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%-0.3%5.8%9.4%16.7%-
Sector-0.8%-1.3%4.1%6.3%13.1%25.3%
Rank within sector63 / 8321 / 8320 / 8215 / 7520 / 58-
Quartile4th2nd1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund9.4%-0.6%6.9%--
Sector6.6%0.3%5.2%4.2%6.3%
Rank within sector16 / 7552 / 6115 / 58--
Quartile1st4th2nd
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.
1.08
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.
0.98
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.
0.36
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%.
4.11
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.
1.33
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.
0.75
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.
0.9
Price movement
52 week high120.2
52 week low104.9
Current bid price-
Current offer price-
Current mid price117.7
Region
1Not Specified33.7%
2International28.1%
3UK25.4%
4North America5.6%
5Money Market2.9%
6Europe ex UK1.7%
7Global Emerging Markets1%
8Japan1%
9Pacific ex-Japan0.6%
Industry sector
No data available.
Asset type
1Global Fixed Interest28.2%
2Others27%
3UK Fixed Interest19.7%
4UK Equities5.7%
5North American Equities5.6%
6Commodity & Energy4.6%
7Money Market2.9%
8Property2%
9Europe ex UK Equities1.7%
Individual holdings
1FIDELITY INSTITUTIONAL UK AGGREGATE BOND GR10.91%
2NATIXIS LOOMIS SAYLES GLOBAL OPPORTUNISTIC BOND H-S GBP6%
3SYQUANT CAPITAL5.06%
4FIDELITY STRATEGIC BOND INC4.92%
5FIDELITY GROSS ACCUMULATING CASH A GBP4.91%
6PIMCO GIS CAPITAL SECURITIES INST HEDGED INC GBP4.52%
7KAMES UK EQUITY ABSOLUTE RETURN B ACC4.48%
8FF GLOBAL INFLATION LINKED BOND Y HEDGED GBP4.03%
9FF CORE EURO BOND Y ACC EUR3.63%
Management
Fund manager group
No data available.
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund objective
Aims to provide long-term growth.Invests in a range of global assets to gain exposure to global markets mainly in bonds and cash, however, it is intended that the fund may also have exposure to equities, property and commodities. Invests 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.Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes.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.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.Gross paying shares may be held by, or on behalf of, certain eligible categories of UK resident investors.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
No data available.
Investment style
Cautious
Investment method
None
Fund managers
NameSinceBiography
James Bateman21/01/2013James 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.
Eugene Philalithis21/01/2013Eugene Philalithis joined Fidelity in 2007 as a Portfolio Manager, with a focus on fixed income and alternatives. Eugene manages a number of multi asset funds with internal and open architecture for both retail and institutional clients. He has currently 17 years of investment experience which includes Russell Investment in London and Canadian Imperial Bank of Commerce in Singapore. Eugene has a Bachelor or Engineering and an MBA, both from Imperial College, London.
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Jersey
Fidelity Multi Asset Open Defensive N Acc
Initial charge-
Annual charge0.5%
Min single investment£1,000
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price116.4
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJJFU
Fidelity Multi Asset Open Defensive N Gr Acc
Initial charge-
Annual charge0.5%
Min single investment£1,000
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price117.6
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJJFT
Fidelity Multi Asset Open Defensive Y Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price117.7
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI3BN
Fidelity Multi Asset Open Defensive Y Gr Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price118.8
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI3BO
Data provided by

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