Fact sheet: Fidelity UK Aggregate Bd Pn

Fund information
Fund name
Fidelity UK Aggregate Bond Pn Cl4
Fund manager company
Fidelity (FIL Life Ins Ltd)
Fund type
Pension Fund
Fund managers
  • Ian Fishwicksince 31/07/2007
Underlying fund
Fidelity Inst UK Aggr Bd
Fund objective
Aims to provide income and capital growth. Obtains exposure primarily to UK government and non-government bonds. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments may be made in relation to bonds issued in currencies other than the fund’s denominated currency. Exposure to currencies may be hedged, for example with currency forward contracts. Can invest in relation to bonds issued by governments, companies and other bodies. The fund may make use of derivatives 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. Income is reinvested in additional shares or paid to shareholders on request. 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
No data available.
Investment method
No data available.
Quick stats
1 Year return
6%
1 Year rank in sector
78/175
Sector
PN Sterling Fixed Interest
Yield
-
Fund size
£1m
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.
40
Top in this sector
Fund name1 Year
OMW IPL F&C Real Dynamic LDI Pn45.8%
OMW IPL F&C Sht Pr Rl Dn LDI Pn43.6%
OMW IPL F&C Nominal Dyn LDI Pn35.9%
OMW IPL LGIM 2055IdxLkdGltPn18.8%
OMW IPL LGIMOvr15Yr I LGltPn17.4%
...more in PN Sterling Fixed Interest

Performance snapshot

Holdings snapshot

  • UK65.6%
    USA6.8%
    Latin America4.8%
    France4%
    Switzerland3.8%
  • Government Bonds44.3%
    Banks13.8%
    Utilities6.8%
    Insurance6.7%
    Asset/Mortgage-Backed Securities4.9%
  • UK Fixed Interest65.6%
    American Fixed Interest6.8%
    American Emerging Fixed Interest4.8%
    European Fixed Interest4.5%
    French Fixed Interest4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.9%-6.1%3.2%6%22.7%37.6%
Sector-2.5%-7.2%4.4%7.7%22.7%32.8%
Rank within sector103 / 17854 / 17740 / 17778 / 17541 / 14235 / 127
Quartile3rd2nd1st2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund8.2%0.2%13.9%-1.5%9.9%
Sector10%-1.2%13.9%-1.7%6.6%
Rank within sector61 / 17558 / 15339 / 14244 / 13631 / 127
Quartile2nd2nd2nd2nd1st
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.
1.01
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.
0.83
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.
0.57
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%.
6.24
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.
1.68
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.
-0.09
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.
0.97
Price movement
52 week high201.1
52 week low173.4
Current bid price-
Current offer price-
Current mid price187.8
Region
1UK65.62%
2USA6.77%
3Latin America4.81%
4France3.99%
5Switzerland3.75%
6Europe3.52%
7Middle East/ Africa2.89%
8Australasia2.73%
9Asia Pacific ex Japan1.9%
Industry sector
1Government Bonds44.33%
2Banks13.76%
3Utilities6.82%
4Insurance6.73%
5Asset/Mortgage-Backed Securities4.93%
6Basic Industries4.17%
7Energy3.3%
8Communications3.05%
9Mortgage & Secured Bonds2.91%
Asset type
1UK Fixed Interest65.62%
2American Fixed Interest6.77%
3American Emerging Fixed Interest4.81%
4European Fixed Interest4.46%
5French Fixed Interest3.99%
6Swiss Fixed Interest3.75%
7Middle East & African Fixed Interest2.89%
8Asia Pacific Fixed Interest2.73%
9Asia Pacific ex Japan Fixed Interest1.9%
Individual holdings
1TREASURY 4.25% GILT 7/9/39 GBP0.014.55%
2TREASURY 4.75% GILT 07/12/38 GBP4.22%
3TREASURY 4.5% GILT 7/12/42 GBP4.05%
4TREASURY 3.75% GILT 07/09/21 GBP3.3%
5TREASURY 3.75% GILT 22/07/52 GBP0.013.09%
6TREASURY 6% GILT 20282.94%
7TREASURY 3.25% GILT 22/01/44 GBP0.012.86%
8TREASURY 4.75% GILT 07/12/30 GBP2.6%
9TREASURY 4% GILT 07/03/22 GBP0.012.56%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity (FIL Life Ins Ltd)
Fund type
Pension Fund
Fund objective
Aims to provide income and capital growth. Obtains exposure primarily to UK government and non-government bonds. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments may be made in relation to bonds issued in currencies other than the fund’s denominated currency. Exposure to currencies may be hedged, for example with currency forward contracts. Can invest in relation to bonds issued by governments, companies and other bodies. The fund may make use of derivatives 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. Income is reinvested in additional shares or paid to shareholders on request. 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
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Ian Fishwick31/07/2007Ian Fishwick is responsible for managing Fidelity’s sterling bond strategies including separate accounts for institutional investors. Ian has 29 years of investment experience and has worked for Fidelity for the past 9 years. He has been a portfolio manager for over 25 years. Ian has held a range of senior positions within the asset management industry including: Head of UK Fixed Income at Credit Suisse Asset Management, Chief Investment Officer for Sun Life of Canada’s UK asset management business, Head of Fixed Income for Sun Life of Canada, and Portfolio Manager for Confederation Life. He has a Masters Degree in Natural Sciences from Cambridge University and is a Fellow of the Institute of Actuaries.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Fidelity UK Aggregate Bond Pn Cl4
Initial charge-
Annual charge0.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price187.8
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeH900
Fidelity UK Aggregate Bond Pn Cl8
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price191.8
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeH899
Data provided by

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