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 aims to achieve capital growth for investors planning to withdraw their investment in the year 2020. 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
18.3%
1 Year rank in sector
180/245
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 (£20m 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.
51
Mid price
64.23
Top in this sector
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...more in UT Flexible Investment

Performance snapshot

Holdings snapshot

  • UK38.5%
    Money Market17.5%
    Europe ex UK11.1%
    Not Specified10.1%
    Asia Pacific8.8%
  • No data available.
  • UK Fixed Interest30.5%
    Money Market17.5%
    Europe ex UK Equities11.1%
    Alternative Assets10.1%
    Asia Pacific Equities8.8%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%4.1%2.4%18.3%20.7%38.5%
Sector0.7%5.7%5.5%22.5%24.6%45.9%
Rank within sector202 / 254210 / 252215 / 249180 / 245152 / 193126 / 162
Quartile4th4th4th3rd4th4th
Calendar performance
 YTD - 20172016201520142013
Fund1.4%12.6%0.3%5.2%11.3%
Sector2.6%12.8%2%4.9%14.1%
Rank within sector223 / 252141 / 235165 / 213106 / 191122 / 180
Quartile4th3rd4th3rd3rd
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.
-0.41
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.
0.99
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.
0.49
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%.
6.06
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.
1.86
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.
-0.28
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 high64.41
52 week low54.72
Current bid price-
Current offer price-
Current mid price64.23
Region
1UK38.5%
2Money Market17.5%
3Europe ex UK11.1%
4Not Specified10.1%
5Asia Pacific8.8%
6North America6.7%
7Global Emerging Markets4%
8International3.3%
Industry sector
No data available.
Asset type
1UK Fixed Interest30.5%
2Money Market17.5%
3Europe ex UK Equities11.1%
4Alternative Assets10.1%
5Asia Pacific Equities8.8%
6UK Equities8%
7North American Equities6.7%
8Global Emerging Market Equities4%
9Global Fixed Interest2%
Individual holdings
1FIDELITY GROSS ACCUMULATING CASH A GBP19.03%
2ETFS ALL COMMODITIES DJ-UBSCISM USD6.89%
3ETFS ALL COMMODITIES DJ-UBSCISM USD6.89%
4TREASURY 4.25% GILT 7/9/39 GBP0.011.86%
5TREASURY 3.25% GILT 22/01/44 GBP0.011.35%
6TREASURY 4.5% GILT 7/9/2034 GBP0.011.22%
7SOURCE MSCI EUROPE VALUE SOURCE1.21%
8TREASURY 3.75% GILT 22/07/52 GBP0.011.18%
9TREASURY 3.75% GILT 07/09/21 GBP1.1%
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 2020. 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 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 price64.23
CurrencyGBX
Price updated20/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFS49
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