Fact sheet: Fidelity TgtTM 2015 (€)

Fund information
Fund name
Fidelity Target TM 2015 (Euro) A EUR
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Joo Hee Leesince 30/06/2010
  • Eugene Philalithissince 06/04/2014
Fund objective
Aims to provide long-term capital growth for investors planning to withdraw substantial portions of their investment in the year 2015. Typically invests in a wide range of markets throughout the world providing exposure to shares of companies, bonds, interest rate bearing debt securities, money market securities and commodities. The fund is managed in accordance with an asset allocation that will become increasingly conservative as the target year is approached. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments may be made in currencies other than Euro. Exposure to other currencies may be hedged, for example with currency forward contracts. 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. 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 Specified Index
Investment style
Target Maturity,Flexible
Investment method
Mixed
Quick stats
1 Year return
0.8%
1 Year rank in sector
93/150
Sector
FO Mixed Asset - Flexible
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.
1.27%
Fund size
£47m (£71m 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.
66
Top in this sector
Fund name1 Year
HSBC Pfl World Seltn 425.2%
Investec EmrgMktsMA23.7%
Smith & Williamson Mid-OceanWdInv21.8%
Aria Absolut Inc Prtd UCITs21.5%
Northstar Mgd Stg19.8%
...more in FO Mixed Asset - Flexible

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0%-0.2%0.1%0.8%12.4%37.6%
Sector0.4%-1%1.9%2.1%8.9%23.7%
Rank within sector88 / 16558 / 166111 / 16193 / 15040 / 10624 / 77
Quartile3rd2nd3rd3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund0.8%1.1%9.7%6.8%13.4%
Sector2.6%-0.1%5%6.8%6.9%
Rank within sector100 / 15059 / 12617 / 10955 / 9514 / 78
Quartile3rd2nd1st3rd1st
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.
2.9
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.
0.31
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.
0.08
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%.
2.39
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.
3.87
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.
0.32
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.
0.42
Price movement
52 week high32.64
52 week low32.11
Current bid price-
Current offer price-
Current mid price32.16
Region
1Money Market100%
Industry sector
1Money Market100%
Asset type
1Money Market100%
Individual holdings
1FRANCE(GOVT OF) 1% NTS 25/05/18 EUR115.96%
2GERMANY(FEDERAL REPUBLIC OF) 0% BDS 16/03/18 EUR0.0112.05%
3FRANCE(GOVT OF) 4.25% TB 25/10/17 EUR111.26%
4FRANCE(GOVT OF) 0% NTS 25/05/20 EUR16.29%
5SPAIN(KINGDOM OF) 3.75% BDS 31/10/18 EUR10003.78%
6SNCF RESEAU 0.05% MTN 22/10/18 EUR1000002.44%
7TEVA PHARMACEUTICAL FINANCE NL II 0.375% BDS 25/07/20 EUR1000001.46%
8ANHEUSER-BUSCH INBEV SA/NV 0.625% NTS 17/03/20 EUR10001.43%
9VONOVIA FINANCE BV 1.625% MTN 15/12/20 EUR1000001.04%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
Aims to provide long-term capital growth for investors planning to withdraw substantial portions of their investment in the year 2015. Typically invests in a wide range of markets throughout the world providing exposure to shares of companies, bonds, interest rate bearing debt securities, money market securities and commodities. The fund is managed in accordance with an asset allocation that will become increasingly conservative as the target year is approached. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments may be made in currencies other than Euro. Exposure to other currencies may be hedged, for example with currency forward contracts. 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. 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 Specified Index
Investment style
Target Maturity,Flexible
Investment method
Mixed
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
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Hong Kong, Hungary, Ireland, Iceland, Italy, Jersey, Luxembourg, Malta, Netherlands, Norway, Offshore, Oman, Portugal, Qatar, Slovakia, Sweden
Fidelity Target TM 2015 (Euro) A Acc EUR
Initial charge5.25%
Annual charge0.4%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)1.27%
Bid price-
Offer price-
Mid price13.5
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeD825
Fidelity Target TM 2015 (Euro) A EUR
Initial charge5.25%
Annual charge0.4%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)1.27%
Bid price-
Offer price-
Mid price32.16
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFT47
Data provided by

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