Fact sheet: Fidelity Target TM 2020

Fund information
Fund name
Fidelity Target TM 2020 A Acc
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund managers
  • Joo Hee Leesince 30/06/2010
  • Eugene Philalithissince 06/04/2014
Fund objective
The Fund’s investment objective is to achieve long term capital growth for investors to 2020. The Fund will move increasingly to an asset allocation appropriate to achieve a combination of income and long term capital growth as the year 2020 is approached. Invests in a wide range of investments covering markets throughout the world and providing exposure to bonds, company shares, index based commodity derivatives, property and cash. The Fund will invest primarily in funds, including those managed by Fidelity. It may also invest directly in transferable securities (which includes company shares and bonds), money market instruments, cash and deposits. 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. 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. May also make extensive use of derivatives including more complex instruments or strategies to achieve the investment objective and these may result in leverage. In such situations performance may rise or fall more than it would have done otherwise, reflecting such additional exposure. 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
No data available.
Investment style
Target Maturity,Flexible
Investment method
None
Quick stats
1 Year return
10.4%
1 Year rank in sector
121/223
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.
1.6%
Fund size
£21m (£21m 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.
52
Mid price
62.2
Top in this sector
Fund name1 Year
M&G Managed Growth31.6%
CF IM Global Strategy25.2%
Margetts Venture Strategy23.7%
Invesco Perp Managed Growth23.3%
Architas Birthstar TD 2036 4023.2%
...more in UT Flexible Investment

Performance snapshot

Holdings snapshot

  • UK38%
    Money Market19%
    Europe ex UK11.9%
    Asia Pacific8.1%
    Not Specified7.9%
  • No data available.
  • UK Fixed Interest29.8%
    Money Market19%
    Europe ex UK Equities11.9%
    UK Equities8.2%
    Asia Pacific Equities8.1%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%-0.1%7.1%10.4%18.3%41.6%
Sector-0.2%0.7%8.7%10.1%19.4%45.9%
Rank within sector168 / 252182 / 246182 / 246121 / 223125 / 186107 / 158
Quartile3rd3rd3rd3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund10.5%0.3%5.2%11.3%9.9%
Sector9.9%2%4.9%14.1%9.7%
Rank within sector130 / 232163 / 209107 / 188121 / 17777 / 160
Quartile3rd4th3rd3rd2nd
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.
-0.31
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
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.
0.3
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%.
6.11
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.
1.84
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.
-0.19
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 high63.87
52 week low53.05
Current bid price-
Current offer price-
Current mid price62.2
Region
1UK38%
2Money Market19%
3Europe ex UK11.9%
4Asia Pacific8.1%
5Not Specified7.9%
6North America6.8%
7International4.3%
8Global Emerging Markets4%
Industry sector
No data available.
Asset type
1UK Fixed Interest29.8%
2Money Market19%
3Europe ex UK Equities11.9%
4UK Equities8.2%
5Asia Pacific Equities8.1%
6Commodity & Energy8.1%
7North American Equities6.8%
8Global Emerging Market Equities4%
9Global Fixed Interest3%
Individual holdings
1THREADNEEDLE ABSOLUTE RETURN BOND I ACC10.02%
2FIDELITY GROSS ACCUMULATING CASH A GBP8.06%
3ETFS ALL COMMODITIES DJ-UBSCISM USD6.61%
4ETFS ALL COMMODITIES DJ-UBSCISM USD6.61%
5TREASURY 4.25% GILT 7/9/39 GBP0.012.07%
6TREASURY 3.25% GILT 22/01/44 GBP0.011.52%
7TREASURY 4.5% GILT 7/9/2034 GBP0.011.35%
8TREASURY 3.75% GILT 22/07/52 GBP0.011.34%
9TREASURY 3.75% GILT 07/09/21 GBP1.12%
Management
Fund manager group
No data available.
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund objective
The Fund’s investment objective is to achieve long term capital growth for investors to 2020. The Fund will move increasingly to an asset allocation appropriate to achieve a combination of income and long term capital growth as the year 2020 is approached. Invests in a wide range of investments covering markets throughout the world and providing exposure to bonds, company shares, index based commodity derivatives, property and cash. The Fund will invest primarily in funds, including those managed by Fidelity. It may also invest directly in transferable securities (which includes company shares and bonds), money market instruments, cash and deposits. 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. 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. May also make extensive use of derivatives including more complex instruments or strategies to achieve the investment objective and these may result in leverage. In such situations performance may rise or fall more than it would have done otherwise, reflecting such additional exposure. 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
No data available.
Investment style
Target Maturity,Flexible
Investment method
None
Fund managers
NameSinceBiography
Joo Hee Lee30/06/2010Joo 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 Philalithis06/04/2014Eugene 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 TM 2020 A Acc
Initial charge3.5%
Annual charge1.1%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price62.2
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFS49
Data provided by

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