Fact sheet: Fidelity Strategic Bond

Fund information
Fund name
Fidelity Strategic Bond Y Dis GBP
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund manager
  • Ian Spreadburysince 17/04/2005
Fund objective
The fund aims to provide relatively high income with the possibility of capital growth. It invests primarily in sterling denominated (or hedged back to sterling) bonds. It has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can invest in bonds issued by governments, companies and other bodies. The fund may make extensive use of derivatives including complex instruments and strategies which are consistent with achieving the fund's objective. This may result in "leverage" by which we mean a level of exposure which could expose the fund to the potential of greater gains or losses than would otherwise be the case. The fund has discretion in its choices of investments within its objectives and policies.
Benchmark
  • No Specified Index
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
3.7%
1 Year rank in sector
53/77
Sector
UT Sterling Strategic Bond
Yield
2.8%
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.
0.68%
Fund size
£1,812m (£1,583m 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.
23
Mid price
121.7
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc10.5%
Fidelity I Stg Cr + Bd10.4%
Fidelity UK Inv Grd Lg Cr9.4%
Legg Mason IFBrwiGlInOp8.6%
Fidelity Pre-Retirmnt Bd8.5%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK45.2%
    USA15.4%
    Continental Europe6.1%
    Latin America5.8%
    Canada5.5%
  • Investment Grade Bonds26.5%
    High Yield Bond23.4%
    Government Bonds19.5%
    Financials10.4%
    Investment Grade Government Bonds8.2%
  • UK Fixed Interest45.2%
    US Fixed Interest15.4%
    European Fixed Interest11%
    American Emerging Fixed Interest5.8%
    Canadian Fixed Interest5.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.5%-4%0.4%3.7%13.1%31.9%
Sector-1.2%-3.2%2.7%4.7%12.4%32.6%
Rank within sector80 / 8355 / 8278 / 8253 / 7735 / 7136 / 60
Quartile4th3rd4th3rd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund4.7%-0.9%9%1.7%12.4%
Sector5.7%-0.3%6.8%2.6%12.6%
Rank within sector52 / 7759 / 7423 / 7241 / 6440 / 61
Quartile3rd4th2nd3rd3rd
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.
-0.01
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.
1.14
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.
0.33
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
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.
1.45
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.
0.38
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.
0.88
Price movement
52 week high127.8
52 week low117.4
Current bid price-
Current offer price-
Current mid price121.7
Region
1UK45.16%
2USA15.42%
3Continental Europe6.1%
4Latin America5.83%
5Canada5.49%
6Australasia5.19%
7Europe4.88%
8France4.61%
9Germany3.61%
Industry sector
1Investment Grade Bonds26.5%
2High Yield Bond23.42%
3Government Bonds19.45%
4Financials10.36%
5Investment Grade Government Bonds8.16%
6Asset/Mortgage-Backed Securities5.69%
7Index Linked5.26%
8Money Market2.96%
9Others1.81%
Asset type
1UK Fixed Interest45.16%
2US Fixed Interest15.42%
3European Fixed Interest10.98%
4American Emerging Fixed Interest5.83%
5Canadian Fixed Interest5.49%
6Asia Pacific Fixed Interest5.19%
7French Fixed Interest4.61%
8German Fixed Interest3.61%
9Asia Pacific ex Japan Fixed Interest1.88%
Individual holdings
1TREASURY 5% GILT 07/03/18 GBP8.89%
2ONTARIO(PROVINCE OF) 0.024% BDS 02/06/26 CAD12.89%
3FIL INVESTMENT MANAGEMENT(LUX)SA INSTITUTIONAL EURO HIGH YIELD I EUR ACC1.85%
4NEW ZEALAND 2.5% BDS 20/09/35 NZD10001.65%
5FIDELITY INSTITUTIONAL LIQUIDITY GBP A DIS1.6%
6ONTARIO(PROVINCE OF) 3.45% BDS 02/06/45 CAD10001.3%
7QUEBEC(PROVINCE OF) 2.5% BDS 20/04/26 USD50001.28%
8ARGENTINA(REPUBLIC OF) 18.2% BDS 03/10/21 ARS10001.14%
9FIL INVESTMENT MANAGEMENT(LUX)SA EMERGING MARKETS INFL LKD BD Y USD ACC1.14%
Management
Fund manager group
No data available.
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund objective
The fund aims to provide relatively high income with the possibility of capital growth. It invests primarily in sterling denominated (or hedged back to sterling) bonds. It has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can invest in bonds issued by governments, companies and other bodies. The fund may make extensive use of derivatives including complex instruments and strategies which are consistent with achieving the fund's objective. This may result in "leverage" by which we mean a level of exposure which could expose the fund to the potential of greater gains or losses than would otherwise be the case. The fund has discretion in its choices of investments within its objectives and policies.
Benchmark
  • No Specified Index
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Ian Spreadbury17/04/2005Ian 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.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
France, United Kingdom, Guernsey, Ireland, Jersey
Fidelity Strategic Bond Acc
Initial charge3.5%
Annual charge1%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.21%
Bid price-
Offer price-
Mid price138.1
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIQO3
Fidelity Strategic Bond Acc Gross
Initial charge3.5%
Annual charge1%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.21%
Bid price-
Offer price-
Mid price143.3
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIQO4
Fidelity Strategic Bond Inc
Initial charge3.5%
Annual charge1%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.21%
Bid price-
Offer price-
Mid price31.54
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF258
Fidelity Strategic Bond Inc Gross
Initial charge3.5%
Annual charge1%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.21%
Bid price-
Offer price-
Mid price31.54
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF259
Fidelity Strategic Bond Y Acc
Initial charge-
Annual charge0.5%
Min single investment£1,000
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price115.4
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJP6G
Fidelity Strategic Bond Y Dis GBP
Initial charge-
Annual charge0.5%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)0.68%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price121.7
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGQN4
Fidelity Strategic Bond Y Gr Dis GBP
Initial charge-
Annual charge0.5%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)0.68%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price121.7
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGQN3
Fidelity Strategic Bond Y Grs Acc
Initial charge-
Annual charge0.5%
Min single investment£1,000
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price116
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJTYD
Data provided by

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