Fact sheet: Fidelity MnyBldrIncRdDr

Fund information
Fund name
Fidelity MoneyBuilder Income Reduced Duration Y Acc
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund managers
  • Ian Spreadburysince 29/01/2013
  • Sajiv Vaidsince 02/08/2015
Fund objective
Aims to provide an attractive level of income.The fund will be substantially (over 85%) invested in the Fidelity MoneyBuilder Income Fund (which invests primarily in sterling denominated (or hedged back to sterling) fixed interest securities) and will use derivatives to hedge interest rate risk on its investment in the Fidelity MoneyBuilder Income Fund such that the returns achieved may be substantially different to those of the Fidelity MoneyBuilder Income Fund.
Benchmark
  • BOA MERRILL LYNCH EUROSTERLING (HEDGED TO 2 YEARS INTEREST RATE DURATION)
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
2.7%
1 Year rank in sector
89/92
Sector
UT Sterling Corporate Bond
Yield
2.6%
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.
0.61%
Fund size
£71m (£151m 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.
20
Mid price
1072
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond12.5%
F&C Instl Lg Dtd Corp Bd12%
Henderson Inst Long Dat Cr11.9%
Insight UK Corp Lg Mat Bd11.9%
Newton Long Corporate Bond11.4%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK70.8%
    USA9.9%
    Money Market7.6%
    France4.6%
    International3.1%
  • Government Bonds22.6%
    Utilities16.7%
    Asset/Mortgage-Backed Securities14.4%
    Money Market7.6%
    Communications6.5%
  • UK Fixed Interest70.8%
    US Fixed Interest9.9%
    Money Market7.6%
    French Fixed Interest4.6%
    European Fixed Interest3.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%-1%2.2%2.7%4.4%-
Sector-1.4%-4.6%2.6%6.7%17.6%34.2%
Rank within sector10 / 979 / 9463 / 9489 / 9287 / 87-
Quartile1st1st3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund2.7%-0.7%1.7%--
Sector7.3%-0.3%10.1%0.2%12.1%
Rank within sector91 / 9264 / 9085 / 87--
Quartile4th3rd4th
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.
-0.46
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.
0.36
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
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%.
3.53
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.
4.51
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.
-0.82
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.
0.29
Price movement
52 week high1086
52 week low1003
Current bid price-
Current offer price-
Current mid price1072
Region
1UK70.84%
2USA9.94%
3Money Market7.61%
4France4.58%
5International3.05%
6Germany2.29%
7Europe2.12%
8Australasia1.89%
9Continental Europe1.61%
Industry sector
1Government Bonds22.64%
2Utilities16.74%
3Asset/Mortgage-Backed Securities14.39%
4Money Market7.61%
5Communications6.54%
6Insurance6.16%
7Non-Cyclical Consumer Goods6.16%
8Transport5.76%
9Banks5.29%
Asset type
1UK Fixed Interest70.84%
2US Fixed Interest9.94%
3Money Market7.61%
4French Fixed Interest4.58%
5European Fixed Interest3.73%
6German Fixed Interest2.29%
7Asia Pacific Fixed Interest1.89%
8Swiss Fixed Interest1.04%
9American Emerging Fixed Interest0.69%
Individual holdings
1FIDELITY MONEYBUILDER INCOME Y GR ACC93.87%
2TREASURY 5% GILT 07/03/18 GBP5.86%
Management
Fund manager group
No data available.
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund objective
Aims to provide an attractive level of income.The fund will be substantially (over 85%) invested in the Fidelity MoneyBuilder Income Fund (which invests primarily in sterling denominated (or hedged back to sterling) fixed interest securities) and will use derivatives to hedge interest rate risk on its investment in the Fidelity MoneyBuilder Income Fund such that the returns achieved may be substantially different to those of the Fidelity MoneyBuilder Income Fund.
Benchmark
  • BOA MERRILL LYNCH EUROSTERLING (HEDGED TO 2 YEARS INTEREST RATE DURATION)
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Ian Spreadbury29/01/2013Ian Spreadbury is a Senior Portfolio Manager at Fidelity International with 30 years investment experience. Since joining Fidelity in 1995, he has been responsible for managing several of Fidelity's bond strategies. Previously, he worked for Legal and General in various positions including Senior Portfolio Manager (Bonds). Ian has a BSc in Pure & Applied Mathematics from University College of North Wales and an MSc in Mathematical Statistics from University of Sussex. He is also a Fellow of the Institute of Actuaries and is one of the most experienced fixed income managers in the industry.
Sajiv Vaid02/08/2015Sajiv Vaid joined Fidelity in 2015 and is co-Manager on the Moneybuilder and Extra Income Funds. After graduation Sajiv joined Gerrard Group (1994-1997) as a trainee bond fund manager, joining Fuji Investments as a fully-fledged bond fund manager in 1997, where he managed global fixed income portfolios. In 2001, he joined Royal London Asset Management where he managed their flagship retail and institutional corporate funds. Sajiv graduated from the University of Hull in 1991 in Economic & Social History and holds an MA in Modern Internatio.al Studies from University of Leeds.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
France, United Kingdom, Guernsey
Fidelity MoneyBuilder Income Reduced Duration Y Acc
Initial charge-
Annual charge0.4%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)0.61%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1072
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0LSM
Fidelity MoneyBuilder Income Reduced Duration Y Gr Acc
Initial charge-
Annual charge0.4%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)0.61%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1091
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0LSL
Fidelity MoneyBuilder Income Reduced Duration Y Gr Inc
Initial charge-
Annual charge0.4%
Min single investment£1,000,000
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)0.61%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price980.9
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJKXU
Fidelity MoneyBuilder Income Reduced Duration Y Inc
Initial charge-
Annual charge0.4%
Min single investment£1,000,000
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)0.61%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price980.4
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJKXT
Data provided by

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