Fact sheet: LV= Fidelity M A Open Stgc Pn

Fund information
Fund name
LV= Fidelity Multi Asset Open Strategic Pn S2
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund managers
  • Eugene Philalithissince 01/02/2010
  • James Batemansince 05/02/2013
Underlying fund
Fidelity Ml Ass Op Sg
Fund objective
This Fund targets an average annual return of 5% after the deduction of ongoing fund charges, over a typical market cycle of 5-7 years. The return target assumes the deduction of the ongoing charges figure (OCF) on the Y share class. There is no guarantee that the target will be achieved by the Fund. The Fund typically has exposure to both higher and lower risk investments meaning that there is a moderate risk of capital losses and an investor may not get back the full amount invested. The Fund invests primarily into funds (including those managed by Fidelity) which provide global exposure to a diversified range of assets. The Fund can also invest directly into transferable securities, money market instruments, cash and deposits, and is also able to use derivatives for efficient portfolio management and investment purposes. Asset allocation exposure of the Fund will be actively managed subject to it remaining within the following parameters: 20-60% equity, 5-80% debt instruments (which may include high yield and emerging market debt), 0-30% cash and 0-30% alternatives (such as infrastructure securities and Real Estate Investment Trusts).
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
15.4%
1 Year rank in sector
120/490
Sector
PN Mixed Investment 20%-60% Shares
Yield
-
Fund size
£1m (£0m 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.
44
Bid price
154.5
Offer price
162.6
Top in this sector
Fund name1 Year
OMW IPL F&C UKEq LnkInflPn41%
OMW IPL F&COs EqLnkUKInflPn34.6%
AXA Wealth TEAMS cl Gvn ptfl VPn27.7%
OMW IPL F&C Os EqLkUK GltPn26.9%
AXA Wealth TEAMS cl Gvn ptfl IVPn26.1%
...more in PN Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • UK39.9%
    Money Market15.9%
    International14.9%
    North America9.9%
    Europe ex UK8.7%
  • Equities40.6%
    Fixed Interest37.7%
    Others15.9%
    Commodity & Energy3.8%
    Property3.7%
  • UK Fixed Interest22.8%
    UK Equities17.1%
    Money Market15.9%
    Global Fixed Interest14.9%
    North American Equities9.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%2.9%4.8%15.4%23.7%41.1%
Sector0.6%2.9%3.1%13%21.7%38.9%
Rank within sector223 / 529295 / 52296 / 519120 / 490118 / 407151 / 351
Quartile2nd3rd1st1st2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund2.5%14.4%-0.2%6.4%7.9%
Sector2.3%11.8%1.3%6%8.3%
Rank within sector218 / 522106 / 459332 / 423130 / 397254 / 380
Quartile2nd1st4th2nd3rd
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.
1.09
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.
0.92
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.
0.71
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%.
5.12
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.
1.46
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.
0.4
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.
0.92
Price movement
52 week high155.5
52 week low133.2
Current bid price154.5
Current offer price162.6
Current mid price-
Region
1UK39.89%
2Money Market15.93%
3International14.93%
4North America9.92%
5Europe ex UK8.69%
6Not Specified5.73%
7Global Emerging Markets2.14%
8Japan1.83%
9Pacific ex-Japan0.94%
Industry sector
1Equities40.65%
2Fixed Interest37.7%
3Others15.93%
4Commodity & Energy3.84%
5Property3.68%
6Derivatives-1.79%
Asset type
1UK Fixed Interest22.77%
2UK Equities17.13%
3Money Market15.93%
4Global Fixed Interest14.93%
5North American Equities9.92%
6Europe ex UK Equities8.69%
7Commodity & Energy3.84%
8Property3.68%
9Global Emerging Market Equities2.14%
Individual holdings
1UK AGGREGATE BOND FUND GROSS PAYING ACCUMULATION SHARES11.26%
2MAJEDIE ASSET MANAGEMENT4.37%
3LOOMIS SAYLES GLOBAL OPPORTUNISTIC BOND3.98%
4FIDELITY STRATEGIC BOND FUND A INCOME SHARES3.89%
5BLOOMBERG COMMODITY INDEX_CFD3.75%
6JO HAMBRO CAPITAL MANAGEMENT UK UMBRELLA FUND - UK DYNAMIC FUND3.6%
7FIDELITY CASH FUND Y ACCUMULATION SHARES3.47%
8LEGAL & GENL AL STK GLT INX FN2.94%
9THE UNITED STATES DOLLAR FUND CLASS C FLEX DISTRIBUTING SHARES SERIES 12.92%
Management
Fund manager group
LVFS
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund objective
This Fund targets an average annual return of 5% after the deduction of ongoing fund charges, over a typical market cycle of 5-7 years. The return target assumes the deduction of the ongoing charges figure (OCF) on the Y share class. There is no guarantee that the target will be achieved by the Fund. The Fund typically has exposure to both higher and lower risk investments meaning that there is a moderate risk of capital losses and an investor may not get back the full amount invested. The Fund invests primarily into funds (including those managed by Fidelity) which provide global exposure to a diversified range of assets. The Fund can also invest directly into transferable securities, money market instruments, cash and deposits, and is also able to use derivatives for efficient portfolio management and investment purposes. Asset allocation exposure of the Fund will be actively managed subject to it remaining within the following parameters: 20-60% equity, 5-80% debt instruments (which may include high yield and emerging market debt), 0-30% cash and 0-30% alternatives (such as infrastructure securities and Real Estate Investment Trusts).
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Eugene Philalithis01/02/2010Eugene Philalithis joined Fidelity in 2007 as a Portfolio Manager, with a focus on fixed income and alternatives. Eugene manages a number of multi asset funds with internal and open architecture for both retail and institutional clients. He has currently 17 years of investment experience which includes Russell Investment in London and Canadian Imperial Bank of Commerce in Singapore. Eugene has a Bachelor or Engineering and an MBA, both from Imperial College, London.
James Bateman05/02/2013James 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.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
LV= Fidelity Multi Asset Open Strategic Pn
Initial charge-
Annual charge1.89%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.59%
Bid price147.5
Offer price155.3
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBNH4
LV= Fidelity Multi Asset Open Strategic Pn S2
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.45%
Bid price154.5
Offer price162.6
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2R1
Data provided by

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