Fact sheet: Fidelity Newton Long Corp Bond Pn

Fund information
Fund name
Fidelity Newton Long Corporate Bond Pn 4
Fund manager company
Fidelity (FIL Life Ins Ltd)
Fund type
Pension Fund
Fund managers
  • Scott Freedmansince 31/10/2012
  • Howard Cunninghamsince 31/03/2004
Underlying fund
Newton Long Corporate Bond
Fund objective
The objective of the Fund is to maximise returns through investment in predominantly sterling denominated fixed interest securities excluding gilts.
Benchmark
  • BofA Merrill Lynch Non-Gilt 10yr + Invest Grade TR
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
10%
1 Year rank in sector
34/174
Sector
PN Sterling Fixed Interest
Yield
0%
Fund size
£0m
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.
58
Top in this sector
Fund name1 Year
OMW IPL F&C Real Dynamic LDI Pn49.9%
OMW IPL F&C Sht Pr Rl Dn LDI Pn48.1%
OMW IPL F&C Nominal Dyn LDI Pn33.4%
OMW IPL LGIM 2055IdxLkdGltPn27.3%
OMW IPL LGIMOvr15Yr I LGltPn23.8%
...more in PN Sterling Fixed Interest

Performance snapshot

Holdings snapshot

  • International99.7%
    Money Market0.3%
  • Financials19.2%
    Utilities17.5%
    Asset/Mortgage-Backed Securities16.2%
    Others15.6%
    Government Agency Bonds10%
  • Global Fixed Interest66.9%
    Others16%
    Global Government Fixed Interest10.7%
    Supranational Fixed Interest6.4%
    Money Market-0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.3%-8.1%3.8%10%27.1%50.4%
Sector-2%-6.9%5.4%9%23.1%33.1%
Rank within sector158 / 178143 / 17750 / 17734 / 17430 / 14213 / 127
Quartile4th4th2nd1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund11.1%-0.2%16.1%-0.3%13.2%
Sector10.6%-1.2%13.9%-1.7%6.6%
Rank within sector39 / 17592 / 15330 / 14226 / 13613 / 127
Quartile1st3rd1st1st1st
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.
-0.03
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.
1.13
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.
0.55
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%.
8.72
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.
2.85
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.
0.3
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 high2.24
52 week low1.82
Current bid price-
Current offer price-
Current mid price2.03
Region
1International99.68%
2Money Market0.32%
Industry sector
1Financials19.2%
2Utilities17.53%
3Asset/Mortgage-Backed Securities16.22%
4Others15.57%
5Government Agency Bonds9.97%
6Telecommunications6.15%
7Consumer Goods6.01%
8Fixed Interest4.9%
9Industrials4.13%
Asset type
1Global Fixed Interest66.9%
2Others16.03%
3Global Government Fixed Interest10.71%
4Supranational Fixed Interest6.42%
5Money Market-0.06%
Individual holdings
1EUROPEAN INVESTMENT BANK3.53%
2HSBC BANK PLC2.94%
3PRUDENTIAL FIN2.94%
4GLAXOSMITHKLINE2.45%
5ELECTRIC DE FRANCE2.36%
6ENGIE SA2.27%
7SSE PLC2.26%
8CENTRICA PLC2.12%
9LCR FINANCE PLC2.11%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity (FIL Life Ins Ltd)
Fund type
Pension Fund
Fund objective
The objective of the Fund is to maximise returns through investment in predominantly sterling denominated fixed interest securities excluding gilts.
Benchmark
  • BofA Merrill Lynch Non-Gilt 10yr + Invest Grade TR
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Scott Freedman31/10/2012Scott Freedman is a credit analyst, specialising in investment grade non-financial bonds. Scott joined Newton in 2009. He acquired three years of high yield credit analyst experience at Standard Asset Management, prior to which he qualified as a chartered accountant in the auditing department of PricewaterhouseCoopers, focusing on the insurance and investment management industry.
Howard Cunningham31/03/2004Howard is a fixed income portfolio manager. He joined Newton in 2000 as a senior credit analyst with particular responsibility for investment-grade bonds, and took on portfolio management responsibilities in 2002. In addition to his responsibilities as manager of the Newton Long Gilt Fund, Newton Index-linked Fund , Newton Long Corporate Bond Fund and certain segregated credit portfolios, he is also the co-manager of the Newton Global Dynamic Bond Fund. Howard began his career in NatWest Group, working in a variety of corporate relationship and credit roles. He is an Associate of the Chartered Institute of Bankers, and a member of the UK Society for Investment Professionals. 15 years at Newton and 28 years investment experience
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Fidelity Newton Long Corporate Bond Pn 4
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price2.033
CurrencyGBP
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeFCN1
Data provided by

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