Fact sheet: Fidelity MltAstDef

Fund information
Fund name
Fidelity Multi Asset Defensive Y
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund managers
  • Kevin O' Nolansince 31/01/2015
  • Nick Peterssince 31/01/2015
Fund objective
The Fund aims to provide long-term growth through global exposure to lower risk assets together with some exposure to higher risk assets. The Fund will primarily invest in funds (including funds managed by Fidelity). The Fund may also invest directly into transferable securities, other collective investment schemes, 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 and typical allocation will be as follows: 75% lower risk assets (such as debt instruments e.g. bonds and cash) and 25% higher risk assets (including equities, commodities and property securities). However, the Fund’s allocation between lower risk and higher risk assets can be tactically adjusted within the following ranges in order to preserve capital or take advantage of market opportunities: 65-100% lower risk assets and 0-35% higher risk assets.
Benchmark
No data available.
Investment style
Cautious,Growth
Investment method
None
Quick stats
1 Year return
8.3%
1 Year rank in sector
53/78
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.
1.34%
Fund size
£37m (£33m 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.
30
Mid price
137.6
Top in this sector
Fund name1 Year
SVS TPI Cautious 315.3%
BlackRock NURS II Consensus 3515.2%
Old Mutual Cirilium Cons15%
AXA Defensive Dist14.3%
SJP Strategic Income14.1%
...more in UT Mixed Investment 0%-35% Shares

Performance snapshot

Holdings snapshot

  • USA42.8%
    UK25.1%
    Japan9.4%
    Ireland5.6%
    Others5.1%
  • Others32.5%
    Financials12.1%
    Industrials9.2%
    Information Technology8.2%
    Real Estate7.4%
  • UK Fixed Interest41.1%
    Money Market28.2%
    Global Fixed Interest6.7%
    UK Equities5.1%
    Commodity & Energy4.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%1.7%1.3%8.3%19.1%26.6%
Sector0.5%2.3%2.2%9.4%15.3%27%
Rank within sector64 / 8559 / 8463 / 8253 / 7814 / 5629 / 43
Quartile4th3rd4th3rd1st3rd
Calendar performance
 YTD - 20172016201520142013
Fund1%8.9%0.5%8.9%2.4%
Sector2.2%8.4%0.3%5.2%4.2%
Rank within sector75 / 8336 / 7335 / 584 / 5542 / 50
Quartile4th2nd3rd1st4th
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.
1.5
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.
0.96
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.
0.64
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%.
4.32
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.
1.9
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.
0.69
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.
0.8
Price movement
52 week high138.6
52 week low127
Current bid price-
Current offer price-
Current mid price137.6
Region
1USA42.8%
2UK25.1%
3Japan9.4%
4Ireland5.6%
5Others5.1%
6Germany3.3%
7Australia2.1%
8France2.1%
9Switzerland1.5%
Industry sector
1Others32.5%
2Financials12.1%
3Industrials9.2%
4Information Technology8.2%
5Real Estate7.4%
6Consumer Discretionary7%
7Consumer Staples6.6%
8Health Care6.4%
9Materials3.8%
Asset type
1UK Fixed Interest41.1%
2Money Market28.2%
3Global Fixed Interest6.7%
4UK Equities5.1%
5Commodity & Energy4.4%
6North American Equities4.3%
7Property3.8%
8Europe ex UK Equities2.7%
9Japanese Equities2%
Individual holdings
1FIDELITY CASH FUND Y ACCUMULATION SHARES26.57%
2UK AGGREGATE BOND FUND GROSS PAYING ACCUMULATION SHARES23.06%
3UK GILT FUND GROSS PAYING ACCUMULATION SHARES12.02%
4LONG GILT FUTURE JUN17 G M76.16%
5BLOOMBERG COMMODITY INDEX_CFD4.81%
6BLACKROCK GLB PROP SEC EQT FND2.5%
7FIDELITY ENHANCED INCOME W MONTHLY INC2.4%
8FIDELITY AMERICAN SPECIAL SITUATIONS ACC1.62%
9FIDELITY GLOBAL PROPERTY FUND A ACCUMULATION SHARES1.51%
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 growth through global exposure to lower risk assets together with some exposure to higher risk assets. The Fund will primarily invest in funds (including funds managed by Fidelity). The Fund may also invest directly into transferable securities, other collective investment schemes, 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 and typical allocation will be as follows: 75% lower risk assets (such as debt instruments e.g. bonds and cash) and 25% higher risk assets (including equities, commodities and property securities). However, the Fund’s allocation between lower risk and higher risk assets can be tactically adjusted within the following ranges in order to preserve capital or take advantage of market opportunities: 65-100% lower risk assets and 0-35% higher risk assets.
Benchmark
No data available.
Investment style
Cautious,Growth
Investment method
None
Fund managers
NameSinceBiography
Kevin O' Nolan31/01/2015Kevin O’Nolan is a Portfolio Manager in Fidelity Solutions. He joined Fidelity in 2008 as an Asset Allocation Analyst. During his time at Fidelity he has worked as a key member of Fidelity Solutions’ Tactical Asset Allocation team. In January 2015, Kevin O’Nolan became the lead portfolio manager on all five of our risk profiled Multi Asset Allocator funds. He was also appointed co-portfolio manager to 4 of our risk profiled Multi Asset growth range of funds and our two Global Multi Asset Tactical funds. Kevin’s deep understanding of the full range of market dynamics makes a significant contribution to our TAA process and views. Kevin holds a BA (Hons) in Management Science and Information Systems Studies from Trinity College, Dublin and an MSc in Investment Management from Cass Business School, London. He is also a CFA Charterholder.
Nick Peters31/01/2015<<AUTOMATED>>
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Jersey
Fidelity Multi Asset Defensive Acc
Initial charge3.5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price133
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHTY3
Fidelity Multi Asset Defensive Gr Acc
Initial charge3.5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.85%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price133.7
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code03EZ
Fidelity Multi Asset Defensive N Acc
Initial charge-
Annual charge0.5%
Min single investment£1,000
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price120.6
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJJFP
Fidelity Multi Asset Defensive N Gr Acc
Initial charge-
Annual charge0.5%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.11%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price121.4
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJJFO
Fidelity Multi Asset Defensive Y
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.34%
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price137.6
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHTY4
Fidelity Multi Asset Defensive Y Gr Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price130.4
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code03EY
Data provided by

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