Fact sheet: Fidelity Target 2030

Fund information
Fund name
Fidelity Target 2030 A Acc
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund managers
  • Joo Hee Leesince 01/07/2010
  • Eugene Philalithissince 07/04/2014
Fund objective
The Fund aims to achieve capital growth for investors planning to withdraw their investment in the year 2030. It is intended to close the Fund shortly afterwards. The Fund will initially target growth through exposure to global equity markets and commodities. This will be achieved by investing primarily in funds, including those managed by Fidelity. The Fund’s exposure will become increasingly defensive as the Fund approaches maturity, through global exposure to debt instruments (e.g. bond funds) and cash. As the target date nears, the Fund will have a UK bias and will primarily invest into cash, deposits and gilts, with the aim of capital preservation. At any stage the Fund may also invest directly in transferable securities, money market instruments, cash and deposits. Derivatives may also be used by the fund for efficient portfolio management and for investment purposes.
Benchmark
No data available.
Investment style
Target Maturity,Flexible
Investment method
None
Quick stats
1 Year return
25.4%
1 Year rank in sector
57/241
Sector
UT Flexible Investment
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.
1.99%
Fund size
£5m (£4m 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.
85
Mid price
178.2
Top in this sector
Fund name1 Year
M&G Managed Growth39.2%
CF Purisima EAFE Total Rtn35.1%
TB Wise Income35%
Margetts Venture Strategy33.9%
CF Miton Worldwide Opps33.3%
...more in UT Flexible Investment

Performance snapshot

Holdings snapshot

  • Europe ex UK26.3%
    UK21.3%
    Asia Pacific18.2%
    North America13.6%
    Not Specified8.8%
  • No data available.
  • Europe ex UK Equities26.3%
    UK Equities18.3%
    Asia Pacific Equities18.2%
    North American Equities13.6%
    Global Emerging Market Equities8.7%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.6%3.8%9.9%25.4%37.8%85.3%
Sector1.8%2.5%8%19.6%26.6%57.9%
Rank within sector39 / 25854 / 25571 / 24557 / 24139 / 19323 / 165
Quartile1st1st2nd1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund6.5%16.6%4.7%6%20.6%
Sector5.3%12.8%2%4.9%14.1%
Rank within sector79 / 24576 / 23248 / 21074 / 18834 / 178
Quartile2nd2nd1st2nd1st
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.
-0.8
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.
1.53
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.
0.75
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%.
9.32
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.
4.11
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.
0.69
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.
0.91
Price movement
52 week high178.2
52 week low141
Current bid price-
Current offer price-
Current mid price178.2
Region
1Europe ex UK26.3%
2UK21.3%
3Asia Pacific18.2%
4North America13.6%
5Not Specified8.8%
6Global Emerging Markets8.7%
7International2.6%
8Money Market0.5%
Industry sector
No data available.
Asset type
1Europe ex UK Equities26.3%
2UK Equities18.3%
3Asia Pacific Equities18.2%
4North American Equities13.6%
5Global Emerging Market Equities8.7%
6Hedge5%
7Commodity & Energy3.8%
8UK Fixed Interest3%
9International Equities2.6%
Individual holdings
1EMERGING MARKETS FUND ACCUMULATION SHARES8.7%
2FIDELITY FUNDS - EUROPEAN LARGER COMPANIES FUND Y-ACC-EURO7.3%
3FIDELITY FUNDS - EUROPEAN DIVIDEND FUND Y ACC-EURO6.5%
4FIDELITY FUNDS - EUROPEAN VALUE FUND Y-ACC-EURO6.5%
5JAPAN FUND ACCUMULATION SHARES5.9%
6FIDELITY SPECIAL SITUATIONS A ACC5.1%
7FIDELITY AMERICAN SPECIAL SITUATIONS ACC4.8%
8FIDELITY MONEYBUILDER GROWTH INC4%
9FIDELITY RENAISSANCE FUND F ACCUMULATION SHARES3.9%
Management
Fund manager group
No data available.
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund objective
The Fund aims to achieve capital growth for investors planning to withdraw their investment in the year 2030. It is intended to close the Fund shortly afterwards. The Fund will initially target growth through exposure to global equity markets and commodities. This will be achieved by investing primarily in funds, including those managed by Fidelity. The Fund’s exposure will become increasingly defensive as the Fund approaches maturity, through global exposure to debt instruments (e.g. bond funds) and cash. As the target date nears, the Fund will have a UK bias and will primarily invest into cash, deposits and gilts, with the aim of capital preservation. At any stage the Fund may also invest directly in transferable securities, money market instruments, cash and deposits. Derivatives may also be used by the fund for efficient portfolio management and for investment purposes.
Benchmark
No data available.
Investment style
Target Maturity,Flexible
Investment method
None
Fund managers
NameSinceBiography
Joo Hee Lee01/07/2010Joo Hee is the portfolio manager of a number of Target Funds, denominated in a variety of major currencies. The Target Funds represent $781m of assets under management. She is also the leader of the group's Strategic Asset Allocation Team, responsible for asset class analysis, benchmark design and modelling. Joo Hee joined Fidelity as a Portfolio Manager in 2006. Her prior experience includes the design and co-management of a quantitative fund at Pioneer Investments, and quantitative analysis roles at Russell Investments Group, and Sal. Oppenheim. Joo Hee holds a Ph.D. in Solid State Physics, Cambridge University, and a B.Sc. and M.Sc. in Chemistry. She is CQF qualified and is a CFA charterholder.
Eugene Philalithis07/04/2014Eugene Philalithis joined Fidelity in 2007 as a Portfolio Manager, with a focus on fixed income and alternatives. Eugene manages a number of multi asset funds with internal and open architecture for both retail and institutional clients. He has currently 17 years of investment experience which includes Russell Investment in London and Canadian Imperial Bank of Commerce in Singapore. Eugene has a Bachelor or Engineering and an MBA, both from Imperial College, London.
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Jersey
Fidelity Target 2030 A Acc
Initial charge3.5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.99%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price178.2
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeX319
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