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
  • Nick Peterssince 31/01/2015
  • Kevin O' Nolansince 31/01/2015
Fund objective
The fund aims to provide long-term growth. It invests mostly in a range of global assets providing exposure to bonds and cash. The fund may also have some exposure to company shares, property and commodities. Invests primarily in funds managed and operated by Fidelity and 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 and 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
Cautious,Growth
Investment method
None
Quick stats
1 Year return
5.7%
1 Year rank in sector
43/75
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.
1.34%
Fund size
£33m (£25m 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.
29
Mid price
133.4
Top in this sector
Fund name1 Year
BlackRock NURS II Consensus 3514.5%
SVS TPI Cautious 313.4%
Old Mutual Cirilium Cons11.7%
VT Turcan Connell Inc Pfl11.2%
CF PruDyFo0-30Pf10.6%
...more in UT Mixed Investment 0%-35% Shares

Performance snapshot

Holdings snapshot

  • USA49.3%
    UK26.1%
    Japan6.7%
    Ireland5.9%
    Others3%
  • Others37.3%
    Financials9%
    Industrials8.3%
    Real Estate7.8%
    Information Technology7.5%
  • UK Fixed Interest40.9%
    Money Market29.9%
    Global Fixed Interest6.7%
    UK Equities5.6%
    North American Equities5.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.5%-2.1%3.8%5.7%16.4%24.3%
Sector-1.7%-1.3%4.4%5.7%12%25.8%
Rank within sector41 / 8356 / 8348 / 8143 / 7514 / 5831 / 41
Quartile2nd3rd3rd3rd1st4th
Calendar performance
 YTD - 20162015201420132012
Fund6.5%0.5%8.9%2.4%2%
Sector6.3%0.3%5.2%4.2%6.3%
Rank within sector40 / 7537 / 614 / 5843 / 5140 / 43
Quartile3rd3rd1st4th4th
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.
1.44
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.
0.49
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%.
4.15
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.
1.83
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.
0.68
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 high137.7
52 week low122.4
Current bid price-
Current offer price-
Current mid price133.4
Region
1USA49.34%
2UK26.13%
3Japan6.7%
4Ireland5.88%
5Others3%
6Germany1.77%
7Canada1.67%
8Australia1.64%
9France1.23%
Industry sector
1Others37.25%
2Financials8.99%
3Industrials8.33%
4Real Estate7.83%
5Information Technology7.5%
6Consumer Staples6.7%
7Consumer Discretionary6.56%
8Health Care6.04%
9Energy3.5%
Asset type
1UK Fixed Interest40.9%
2Money Market29.85%
3Global Fixed Interest6.71%
4UK Equities5.63%
5North American Equities5.09%
6Commodity & Energy4.98%
7Property2.94%
8Japanese Equities1.31%
9Europe ex UK Equities1.31%
Individual holdings
1FIDELITY GROSS ACCUMULATING CASH A GBP27.47%
2TREASURY 4.25% GILT 7/9/39 GBP0.012.42%
3TREASURY 3.25% GILT 22/01/44 GBP0.011.74%
4TREASURY 3.75% GILT 22/07/52 GBP0.011.6%
5DEUTSCHE BANK AG LONDON 0% BDS 10/02/17 USD11.52%
6DEUTSCHE BANK AG LONDON 0% BDS 16/02/17 USD11.52%
7TREASURY 4.5% GILT 7/9/2034 GBP0.011.52%
8TREASURY 3.75% GILT 07/09/21 GBP1.38%
9TREASURY 4% GILT 07/03/22 GBP0.011.19%
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. It invests mostly in a range of global assets providing exposure to bonds and cash. The fund may also have some exposure to company shares, property and commodities. Invests primarily in funds managed and operated by Fidelity and 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 and 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
Cautious,Growth
Investment method
None
Fund managers
NameSinceBiography
Nick Peters31/01/2015Nick Peters is Portfolio Manager in the Investment Solutions Group. Nick has 20 years of industry experience and joined Fidelity in 2012. Prior to joining Fidelity, Nick was a member of the multi-manager team at Barclays Wealth, responsible for UK and European Equities. He joined Barclays in 2010 from BAE Systems Pension Fund where he was responsible for the fund's external managers across asset classes. Prior to joining BAE Systems in 2009, Nick was an Equity Portfolio Manager at Henderson Global Investors. He was a Director within the Multi Strategy Equity team. He joined AMP Asset Management (which later merged with Henderson) in 1993. Nick holds a BA (Hons) in Economics and Statistics from Exeter University and is a Fellow of the Institute of Chartered Accountants in England & Wales (ICAEW).
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.
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 price129.2
CurrencyGBX
Price updated01/12/2016
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 price129.7
CurrencyGBX
Price updated01/12/2016
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 price116.7
CurrencyGBX
Price updated01/12/2016
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 price117.5
CurrencyGBX
Price updated01/12/2016
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 price133.4
CurrencyGBX
Price updated01/12/2016
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 price126.3
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code03EY
Data provided by

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