Fact sheet: Fidelity US Dollar Bond

Fund information
Fund name
Fidelity US Dollar Bond A USD
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Rick Patelsince 19/03/2009
Fund objective
Aims to provide relatively high income with the possibility of capital growth. At least 70% invested in US Dollar denominated debt securities. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments may be made in bonds issued in currencies other than the fund’s reference currency. Exposure to currencies may be hedged, for example with currency forward contracts. The reference currency is the currency used for reporting and may be different from the dealing currency. 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 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 ML US Lg Cap Cor/Gov
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
1.7%
1 Year rank in sector
31/48
Sector
FO Fixed Int - USD Investment Grade
Yield
1.4%
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.
1.15%
Fund size
£908m (£711m 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.
79
Top in this sector
Fund name1 Year
Blackrock Gbl Infltn Lkd Bd $8%
Pimco GIS GblInvGrCr5.6%
Invesco GblInvGrCorpBd5.6%
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MFS Meridian US CrpBnd5.3%
...more in FO Fixed Int - USD Investment Grade

Performance snapshot

Holdings snapshot

  • USA72%
    France3.8%
    Europe3.6%
    UK3.6%
    Germany2.7%
  • Government Bills51.7%
    Banks14.7%
    Non-Cyclical Consumer Goods10.3%
    Government Bonds5%
    Energy3.9%
  • American Fixed Interest72%
    European Fixed Interest4.3%
    French Fixed Interest3.8%
    UK Fixed Interest3.6%
    German Fixed Interest2.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.5%-3.6%-2.1%1.7%9.3%13.4%
Sector-2%-2.9%-0.6%2.9%9.3%19.4%
Rank within sector40 / 5439 / 5244 / 5231 / 4817 / 4520 / 40
Quartile3rd3rd4th3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund2.3%0.3%6.8%-3.3%6.5%
Sector3.6%-0.7%6%-1.1%10.1%
Rank within sector30 / 4817 / 4711 / 4535 / 4421 / 40
Quartile3rd2nd1st4th3rd
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.
-0.1
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
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%.
3.62
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.
1.92
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.
-0.04
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.
0.72
Price movement
52 week high7.4
52 week low6.95
Current bid price-
Current offer price-
Current mid price7.06
Region
1USA72.03%
2France3.83%
3Europe3.61%
4UK3.61%
5Germany2.7%
6International2.41%
7Australasia2.24%
8Japan1.82%
9Money Market1.66%
Industry sector
1Government Bills51.67%
2Banks14.71%
3Non-Cyclical Consumer Goods10.29%
4Government Bonds4.99%
5Energy3.9%
6Communications2.95%
7Capital Goods2.08%
8Cyclical Consumer Goods2.06%
9Money Market1.66%
Asset type
1American Fixed Interest72.03%
2European Fixed Interest4.27%
3French Fixed Interest3.83%
4UK Fixed Interest3.61%
5German Fixed Interest2.7%
6Asia Pacific Fixed Interest2.24%
7Japanese Fixed Interest1.82%
8Global Fixed Interest1.75%
9Money Market1.66%
Individual holdings
1UNITED STATES OF AMER TREAS BONDS 1.5% BDS 15/08/26 USD10005.36%
2UNITED STATES OF AMER TREAS BONDS 1.25% BDS 30/06/23 USD1000 7063.51%
3UNITED STATES OF AMER TREAS NOTES 1.125% BDS 28/02/21 USD1003.35%
4UNITED STATES OF AMER TREAS NOTES 2% NTS 31/10/21 USD1002.6%
5UNITED STATES OF AMER TREAS NOTES 1.875% BDS 31/07/20 USD10002.59%
6UNITED STATES OF AMER TREAS NOTES FXD BDS 31/05/18 USD1002.48%
7UNITED STATES OF AMER TREAS NOTES 1% BDS 31/12/17 USD1002.46%
8United States Treasury Note/Bond2.15%
9FIDELITY INSTITUTIONAL LIQUIDITY USD A ACC2.1%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
Aims to provide relatively high income with the possibility of capital growth. At least 70% invested in US Dollar denominated debt securities. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments may be made in bonds issued in currencies other than the fund’s reference currency. Exposure to currencies may be hedged, for example with currency forward contracts. The reference currency is the currency used for reporting and may be different from the dealing currency. 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 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 ML US Lg Cap Cor/Gov
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Rick Patel19/03/2009The portfolio manager, Rick Patel, joined Fidelity in 2000 as a quantitative analyst, before moving to the Hong Kong office on being promoted to the position of Associate Portfolio Manager in 2005 and later Portfolio Manager in 2007. He moved back to the London office in 2009. Prior to Fidelity, Rick began his career in the industry at Prudential in 1999 where he worked in fixed income research. Rick holds a BA (Hons) in Mathematical Science from Oxford University, as well as a Certification of Quantitative Finance and an Investment Management Certificate (IMC). He is also a Chartered Financial Analyst (CFA).
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, SRS, UCITS IV Compliant, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, Switzerland, Chile, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Gulf Cooperation Council, Guernsey, Hong Kong, Hungary, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Peru, Poland, Portugal, Qatar, Singapore, Slovakia, Slovenia, Sweden, Taiwan - Province Of China
Fidelity US Dollar Bond A Acc USD
Initial charge5.25%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price15.04
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG852
Fidelity US Dollar Bond A USD
Initial charge5.25%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price7.055
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFE71
Fidelity US Dollar Bond D Acc USD
Initial charge3%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.835
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8IX
Fidelity US Dollar Bond MDIST A USD
Initial charge5.25%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price11.31
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA2D6
Fidelity US Dollar Bond Y Acc USD
Initial charge-
Annual charge0.38%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)0.77%
Bid price-
Offer price-
Mid price14.38
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFK7
Fidelity US Dollar Bond Y Inc USD
Initial charge-
Annual charge0.38%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.14
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFX3R
Fidelity US Dollar Bond Y MDis USD
Initial charge-
Annual charge0.38%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.04
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFX3Q
Data provided by

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