Fact sheet: Fidelity Undiscovered Talent

Fund information
Fund name
Fidelity Undiscovered Talent Y Acc
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund managers
  • James Batemansince 03/09/2013
  • Nick Peterssince 03/09/2013
Fund objective
The fund aims to provide long-term capital growth. Invests primarily in funds to gain exposure to global markets mainly in equities, and this may include funds managed and operated by Fidelity, and may also invest in transferable securities, money market instruments, cash and deposits. The fund will seek to invest in new, emerging or undiscovered fund managers. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. 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. 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. 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
  • MSCI AC World Index (Net)
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
16.2%
1 Year rank in sector
143/247
Sector
UT Global
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.
1.69%
Fund size
£6m (£6m 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
Mid price
138.8
Top in this sector
Fund name1 Year
First State Gbl Resrcs67%
UBS FTSE RAFI Devlpd 1000 Idx38.1%
Orbis Gbl Eq36.4%
Natixis HarsAsGblConcntdEq36%
NFU Mutual Global Growth33.1%
...more in UT Global

Performance snapshot

Holdings snapshot

  • USA47%
    International14.6%
    Europe ex UK10.9%
    Global Emerging Markets10.3%
    Japan8%
  • No data available.
  • US Equities47%
    International Equities14.6%
    Europe ex UK Equities10.9%
    Global Emerging Market Equities10.3%
    Japanese Equities8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%2.9%14.1%16.2%34.1%-
Sector0.1%1.8%12.7%16.6%30.1%66.4%
Rank within sector126 / 26385 / 262108 / 257143 / 247103 / 226-
Quartile2nd2nd2nd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund16.6%1.4%11.5%--
Sector15.7%3.4%6.7%19.7%9.9%
Rank within sector125 / 250185 / 24039 / 226--
Quartile2nd4th1st
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.
1.8
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.
0.88
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.
0.75
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%.
9.43
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.
3.15
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.
0.2
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.
0.91
Price movement
52 week high143.8
52 week low106.4
Current bid price-
Current offer price-
Current mid price138.8
Region
1USA47%
2International14.6%
3Europe ex UK10.9%
4Global Emerging Markets10.3%
5Japan8%
6UK5.3%
7Asia Pacific ex Japan3.9%
Industry sector
No data available.
Asset type
1US Equities47%
2International Equities14.6%
3Europe ex UK Equities10.9%
4Global Emerging Market Equities10.3%
5Japanese Equities8%
6UK Equities5.3%
7Asia Pacific ex Japan Equities3.9%
Individual holdings
1MAJEDIE US EQUITY Z ACC GBP15.34%
2LAZARD US EQUITY CONCENTRATED INSTITUTIONAL EA ACC GBP11.12%
3HERONBRIDGE UK EQUITY A8.73%
4ALMA CAPITAL INVESTMENT FUNDS - ALMA EIKOH JAPAN LARGE CAP EQUITY7.98%
5FF FAST GLOBAL Y ACC GBP6.5%
6SANDS CAPITAL FUNDS PLC EMERGING MKTS GRWTH A USD ACC6.42%
7SSGA SPDR S&P US DIVIDEND ARISTOCRATS UCITS ETF GBP6.3%
8SSGA LUX EUROPE VALUE SPOTLIGHT I6.05%
9FF AMERICAN DIVERSIFIED Y ACC USD5.4%
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. Invests primarily in funds to gain exposure to global markets mainly in equities, and this may include funds managed and operated by Fidelity, and may also invest in transferable securities, money market instruments, cash and deposits. The fund will seek to invest in new, emerging or undiscovered fund managers. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. 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. 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. 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
  • MSCI AC World Index (Net)
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
James Bateman03/09/2013James joined Fidelity in 2012, having previously worked at Barclays Wealth, Northern Trust Global Investments, Investment Manager Selection Limited and Mercer Management Consulting. He has an MA in Economics from the University of Cambridge. James leads our global manager research and portfolio management capabilities.
Nick Peters03/09/2013Nick Peters is Portfolio Manager in the Investment Solutions Group. Nick has 20 years of industry experience and joined Fidelity in 2012. Prior to joining Fidelity, Nick was a member of the multi-manager team at Barclays Wealth, responsible for UK and European Equities. He joined Barclays in 2010 from BAE Systems Pension Fund where he was responsible for the fund's external managers across asset classes. Prior to joining BAE Systems in 2009, Nick was an Equity Portfolio Manager at Henderson Global Investors. He was a Director within the Multi Strategy Equity team. He joined AMP Asset Management (which later merged with Henderson) in 1993. Nick holds a BA (Hons) in Economics and Statistics from Exeter University and is a Fellow of the Institute of Chartered Accountants in England & Wales (ICAEW).
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Jersey
Fidelity Undiscovered Talent Y Acc
Initial charge-
Annual charge0.75%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price138.8
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJNQA
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