Fact sheet: Fidelity UK Smaller Companies

Fund information
Fund name
Fidelity UK Smaller Companies W Acc
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund managers
  • Alex Wrightsince 29/02/2008
  • Jonathan Wintonsince 01/03/2013
Accolades
 Winner - UK Smaller Companies
Fund objective
The fund aims to provide long-term capital growth. It invests primarily in the shares of smaller capitalisation UK companies and has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. It 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.
Benchmark
  • Numis Smaller Companies Index (ex-IC)
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
6.5%
1 Year rank in sector
19/47
Sector
UT UK Smaller Companies
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.
0.95%
Fund size
£348m (£345m 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.
63
Mid price
204.7
Top in this sector
Fund name1 Year
Cavendish AIM23.3%
The MI Discretionary Unit20.1%
Jupiter UK Smaller Companies18.8%
TB Amati UK Sm Cos15.5%
Marlborough UK Micro Cap Gwth12.1%
...more in UT UK Smaller Companies

Performance snapshot

Holdings snapshot

  • UK87.1%
    Ireland6.1%
    Austria3.1%
    Germany1.5%
    Denmark1.1%
  • Industrials25.1%
    Consumer Discretionary19.3%
    Financials17.6%
    Real Estate9.6%
    Information Technology7.5%
  • UK Equities87.1%
    Irish Equities6.1%
    Austrian Equities3.1%
    German Equities1.5%
    Danish Equities1.1%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.6%1.5%5.3%6.5%30.5%165.2%
Sector3.6%0.8%5.2%5.3%21.5%94.6%
Rank within sector36 / 4817 / 4828 / 4819 / 4719 / 462 / 44
Quartile3rd2nd3rd2nd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund5.2%16.7%2%50.1%42.1%
Sector4.4%14.2%-1.9%37.4%22.5%
Rank within sector22 / 4725 / 4716 / 466 / 451 / 44
Quartile2nd3rd2nd1st1st
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.
3.14
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.
0.82
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.
0.58
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%.
9.14
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.
4.01
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.
0.49
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.
0.85
Price movement
52 week high204
52 week low175.4
Current bid price-
Current offer price-
Current mid price204.7
Region
1UK87.1%
2Ireland6.1%
3Austria3.1%
4Germany1.5%
5Denmark1.1%
6Canada0.6%
7Italy0.6%
8Hong Kong0.3%
9France0.2%
Industry sector
1Industrials25.1%
2Consumer Discretionary19.3%
3Financials17.6%
4Real Estate9.6%
5Information Technology7.5%
6Consumer Staples6.8%
7Energy6.4%
8Materials4.2%
9Telecommunications Utilities2.1%
Asset type
1UK Equities87.1%
2Irish Equities6.1%
3Austrian Equities3.1%
4German Equities1.5%
5Danish Equities1.1%
6Canadian Equities0.6%
7Italian Equities0.6%
8Hong Kong Equities0.3%
9French Equities0.2%
Individual holdings
1FIDELITY INSTITUTIONAL LIQUIDITY GBP A DIS3.61%
2ICAP3.24%
3HOMESERVE3%
4CONWERT IMMOBILIEN INVEST SE2.98%
5LADBROKES CORAL GROUP PLC2.69%
6ESURE GROUP PLC2.67%
7ULTRA ELECTRONICS HLDGS2.58%
8BREWIN DOLPHIN HLDGS2.54%
9C&C GROUP2.44%
Management
Fund manager group
No data available.
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund objective
The fund aims to provide long-term capital growth. It invests primarily in the shares of smaller capitalisation UK companies and has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. It 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.
Benchmark
  • Numis Smaller Companies Index (ex-IC)
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Alex Wright29/02/2008Alex Wright has over 14 years of investment experience in UK and European equity markets. He joined Fidelity in 2001 as a research analyst and has covered a number of sectors across the market capitalisation spectrum. He has managed the Fidelity Special Situations Fund since January 2014 and has been portfolio manager of the Fidelity UK Smaller Companies Fund since its launch in February 2008. He has also been responsible for managing Fidelity Special Values PLC since September 2012. Alex has a BSc (Economics) from Warwick University, where he graduated with First Class Honours, and he is also a CFA Charterholder.
Jonathan Winton01/03/2013Jonathan Winton is a London based portfolio manager who has 8 years of experience. Jonathan has done his BA Hons Politics in University of Nottingham. Previously he was managing Pan European Beverages & Tobacco(2011-2013), Pan European Small Cap Technology(2008-2011), Pan European Support Services(2005-2008). Jonathan started managing from February 2013.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
France, United Kingdom, Guernsey, Ireland, Jersey
Fidelity UK Smaller Companies A Acc
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.72%
Bid price-
Offer price-
Mid price226.5
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMPR2
Fidelity UK Smaller Companies W Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)0.95%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price204.7
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGMUG
Fidelity UK Smaller Companies Y Acc
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.17%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price231.9
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMPR3
Data provided by

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