Fact sheet: Fidelity UK Corporate Bd Pn

Fund information
Fund name
Fidelity UK Corporate Bond Pn Cl4
Fund manager company
Fidelity (FIL Life Ins Ltd)
Fund type
Pension Fund
Fund manager
  • Ian Fishwicksince 31/07/2007
Underlying fund
Fidelity Inst UK Corp Bd
Fund objective
Aims to provide income and capital growth. Obtains exposure primarily to 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
  • BofA Merrill Lynch Euro-Sterling
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
10%
1 Year rank in sector
48/262
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£5m
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.
35
Top in this sector
Fund name1 Year
L&G PMC AAAAAA CpBd Ov15Y Id Pn16%
BlackRock DC AqOv 15 YCrp BdIx HP15.9%
OMW IPL L&G AAA CrpBdOv15YIx Pn15.7%
Aviva AT SF Corp Bd Pn12.8%
AEGON UK Long Corporate Bond Pn12.3%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK50.9%
    USA13.4%
    Switzerland6.1%
    France5.8%
    Latin America5.5%
  • Financials37.3%
    Investment Grade Bonds30.1%
    Government Bonds9%
    High Yield Bond8.6%
    Asset/Mortgage-Backed Securities7.5%
  • UK Fixed Interest50.9%
    US Fixed Interest13.4%
    Swiss Fixed Interest6.1%
    French Fixed Interest5.8%
    American Emerging Fixed Interest5.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%2.7%-0.1%10%23.3%42.5%
Sector0.7%2.3%-0.9%8.3%19.7%36.8%
Rank within sector114 / 26854 / 26654 / 26648 / 26242 / 23645 / 217
Quartile2nd1st1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund1.7%10.3%0.4%12.2%1.5%
Sector1.1%9.4%0.2%10.5%1%
Rank within sector42 / 26678 / 262126 / 24728 / 23695 / 227
Quartile1st2nd3rd1st2nd
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.
0.78
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.
1.02
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.
0.65
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%.
5.66
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.
0.99
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.
0.92
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 high224.9
52 week low200.8
Current bid price-
Current offer price-
Current mid price220.9
Region
1UK50.9%
2USA13.39%
3Switzerland6.11%
4France5.78%
5Latin America5.52%
6Australasia4.28%
7Germany3.16%
8Europe2.99%
9Middle East/ Africa2.16%
Industry sector
1Financials37.33%
2Investment Grade Bonds30.07%
3Government Bonds9.04%
4High Yield Bond8.64%
5Asset/Mortgage-Backed Securities7.46%
6Investment Grade Government Bonds5.22%
7Others1.64%
8Foreign Exchange0.7%
9Money Market-0.1%
Asset type
1UK Fixed Interest50.9%
2US Fixed Interest13.39%
3Swiss Fixed Interest6.11%
4French Fixed Interest5.78%
5American Emerging Fixed Interest5.52%
6Asia Pacific Fixed Interest4.28%
7European Fixed Interest3.62%
8German Fixed Interest3.16%
9Middle East & African Fixed Interest2.16%
Individual holdings
1UNITED KINGDOM OF GREAT BRITAIN9.04%
2LLOYDS BANKING GROUP PLC3.85%
3NATIONAL GRID ELECTRICITY TRANS2.75%
4CREDIT SUISSE2.6%
5GE CAPITAL UK2.54%
6Aa Bond Co Ltd2.46%
7HSBC BANK PLC2.44%
8BARCLAYS BANK PLC1.83%
9THAMES WATER UTILITIES CAYMAN FIN 1.875% BDS 24/01/24 GBP1000001.76%
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 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
  • BofA Merrill Lynch Euro-Sterling
Investment style
None
Investment method
Fixed Interest
Fund manager
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 Corporate 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 price220.9
CurrencyGBX
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFX18
Fidelity UK Corporate Bond Pn Cl5
Initial charge-
Annual charge0.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price198.8
CurrencyGBX
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKX37
Fidelity UK Corporate 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 price202.2
CurrencyGBX
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF388
Data provided by

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