Fact sheet: Fidelity North American Eq Pn

Fund information
Fund name
Fidelity North American Equity Pn 2
Fund manager company
Fidelity (FIL Life Ins Ltd)
Fund type
Pension Fund
Fund managers
  • Ayesha Akbarsince 30/04/2013
  • Nick Peterssince 30/04/2013
Underlying fund
Fidelity Inst America
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. Invests primarily in the shares of US companies. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. 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. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • S&P 500
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
29.6%
1 Year rank in sector
123/309
Sector
PN North America
Yield
-
Fund size
£14m
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.
98
Top in this sector
Fund name1 Year
BlackRock Aq Lf Canadn EqIdx Pn46.5%
Canlife North American Pn43.7%
FL Investec American AP42.9%
Zurich Investec American Pn41.9%
FL Investec American EP41.4%
...more in PN North America

Performance snapshot

Holdings snapshot

  • USA93.5%
    Money Market2.8%
    Canada1.1%
    UK0.9%
    Netherlands0.9%
  • Information Technology20.2%
    Others19.9%
    Industrials10.8%
    Health Care9.4%
    Consumer Staples9.1%
  • US Equities93.4%
    Money Market2.8%
    Canadian Equities1.1%
    Dutch Equities0.9%
    UK Equities0.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.7%8.5%21.9%29.6%72%143.2%
Sector4%8.6%21.7%27.3%60.1%118.6%
Rank within sector143 / 321166 / 321189 / 320123 / 30934 / 29629 / 269
Quartile2nd3rd3rd2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund28.4%6.5%23.3%31.8%8.4%
Sector26.6%4.4%18.7%29.2%7%
Rank within sector129 / 30946 / 30414 / 29667 / 28478 / 271
Quartile2nd1st1st1st2nd
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.
3.72
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.
0.93
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.
1.48
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%.
10.88
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.
2.02
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.
1.29
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.
0.97
Price movement
52 week high722.5
52 week low503.5
Current bid price-
Current offer price-
Current mid price719.9
Region
1USA93.51%
2Money Market2.8%
3Canada1.07%
4UK0.87%
5Netherlands0.86%
6Belgium0.37%
7Israel0.26%
8Sweden0.21%
9France0.04%
Industry sector
1Information Technology20.18%
2Others19.93%
3Industrials10.75%
4Health Care9.4%
5Consumer Staples9.13%
6Financials8.85%
7Consumer Discretionary7.73%
8Energy4.37%
9Materials3.06%
Asset type
1US Equities93.4%
2Money Market2.8%
3Canadian Equities1.1%
4Dutch Equities0.9%
5UK Equities0.9%
6Belgian Equities0.4%
7Israeli Equities0.3%
8Swedish Equities0.2%
Individual holdings
1FIDELITY INSTITUTIONAL LIQUIDITY FD UNITED STATES DOLLAR FD DISTRIBUTION NAV8.93%
2GENERAL ELECTRIC CO.2.3%
3MOLSON COORS BREWING CO2.29%
4ORACLE CORP2.14%
5PFIZER INC1.88%
6VERIZON COMMUNICATIONS INC1.72%
7MICROSOFT CORP1.67%
8CITIGROUP INC1.62%
9ALPHABET INC1.59%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity (FIL Life Ins Ltd)
Fund type
Pension Fund
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. Invests primarily in the shares of US companies. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. 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. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • S&P 500
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Ayesha Akbar30/04/2013Ayesha Akbar joined Fidelity's MultiManager Business in June 2008 as Portfolio Manager covering Asia Pacific ex-Japan and Global Emerging Market equities. She also brings a wealth of experience in other asset classes as a member of a broad asset team with previous employers. Prior to joining Fidelity Ayesha worked at Barclays Wealth for six years. She spent the first five years helping to establish the £10bn+ multi-manager business with the Private Clients division, working on global and regional fixed income and Asia/Emerging equities. For the last 12 months she has been an Associate Director of the newly formed Wealth division, focusing on manager research and portfolio management for Asian and Emerging equities. Prior to joining Barclays, Ayesha worked for two years as an investment analyst for Abu Dhabi Investment Authority, researching and managing portfolios of external funds focused on UK and European equities. Ayesha Akbar is a CFA Charterholder. She has a BSc (Hons) Economics degree and an MSc (Accounting and Finance) degree both gained from the London School of Economics and Political Science.
Nick Peters30/04/2013Nick 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).
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Fidelity North American Equity Pn 2
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 price719.9
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeFVE1
Fidelity North American Equity Pn Cl4
Initial charge-
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price324.4
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFB72
Fidelity North American Equity Pn Cl5
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price289.3
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeQB64
Fidelity North American Equity Pn Cl8
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price337
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF395
Data provided by

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