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
  • Ayesha Akbarsince 11/01/2017
  • Bill McQuakersince 11/01/2017
Fund objective
This Fund targets an average annual return of 4% 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 lower risk investments with the aim of mitigating the risk of capital losses; however, an investor may not get back the full amount invested. The Fund invests primarily into other funds (including those managed by Fidelity) which provide global exposure to a diversified range of assets. The Fund can also invest directly into 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: 0-35% equity, 15-100% debt instruments (which may include high yield and emerging market debt), 0-30% cash and 0-30% alternatives (such as infrastructure securities and Real Estate Investment Trusts).
Benchmark
  • No Specified Index
Investment style
Cautious
Investment method
None
Quick stats
1 Year return
10%
1 Year rank in sector
34/78
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
£8m (£8m 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.
32
Mid price
121.1
Top in this sector
Fund name1 Year
SVS TPI Cautious 315.6%
BlackRock NURS II Consensus 3514.9%
Old Mutual Cirilium Cons14.3%
AXA Defensive Dist14.3%
SJP Strategic Income13.7%
...more in UT Mixed Investment 0%-35% Shares

Performance snapshot

Holdings snapshot

  • International29.4%
    Money Market28%
    UK24.6%
    Not Specified6.6%
    Europe ex UK5.3%
  • No data available.
  • Global Fixed Interest29.4%
    Money Market28%
    UK Fixed Interest18.1%
    UK Equities6.5%
    Europe ex UK Equities5.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%1.3%0.8%10%17.9%-
Sector0.4%2.2%1.8%9%15.3%27.1%
Rank within sector72 / 8569 / 8465 / 8234 / 7821 / 56-
Quartile4th4th4th2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund1.4%11%-0.6%6.9%-
Sector2.2%8.4%0.3%5.2%4.2%
Rank within sector63 / 8317 / 7348 / 5814 / 55-
Quartile4th1st4th2nd
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.
1.17
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.
0.97
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.
0.6
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.
1.34
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.
0.89
Price movement
52 week high121.9
52 week low109.4
Current bid price-
Current offer price-
Current mid price121.1
Region
1International29.4%
2Money Market28%
3UK24.6%
4Not Specified6.6%
5Europe ex UK5.3%
6North America2.9%
7Pacific ex-Japan1.2%
8Global Emerging Markets1%
9Japan1%
Industry sector
No data available.
Asset type
1Global Fixed Interest29.4%
2Money Market28%
3UK Fixed Interest18.1%
4UK Equities6.5%
5Europe ex UK Equities5.3%
6Commodity & Energy4.3%
7North American Equities2.9%
8Property2.3%
9Asia Pacific ex Japan Equities1.2%
Individual holdings
1FIDELITY INSTITUTIONAL UK AGGREGATE BOND GR9.9%
2LOOMIS SAYLES GBL OPP BOND GBP5.6%
3FIDELITY GROSS ACCUMULATING CASH FUND4.6%
4FIDELITY STRATEGIC BOND FUND A INCOME SHARES4.5%
5Syquant Helium A EUR4.5%
6PIMCO FDS GIS CAP SEC-GBP-H4.3%
7FIDELITY FUNDS - GLOBAL INFLATION-LINKED BOND FUND Y-GBP (HEDGED)3.7%
8MS LONG TERM TRENDS UCITS FUND3.5%
9BLOOMBERG COMMODITY INDEX_CFD3.3%
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 4% 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 lower risk investments with the aim of mitigating the risk of capital losses; however, an investor may not get back the full amount invested. The Fund invests primarily into other funds (including those managed by Fidelity) which provide global exposure to a diversified range of assets. The Fund can also invest directly into 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: 0-35% equity, 15-100% debt instruments (which may include high yield and emerging market debt), 0-30% cash and 0-30% alternatives (such as infrastructure securities and Real Estate Investment Trusts).
Benchmark
  • No Specified Index
Investment style
Cautious
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 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 price119.9
CurrencyGBX
Price updated25/04/2017
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 price121.1
CurrencyGBX
Price updated25/04/2017
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 price121.1
CurrencyGBX
Price updated25/04/2017
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 price122.2
CurrencyGBX
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI3BO
Data provided by

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