Fact sheet: LV= Fidelity MulAss All BalPn

Fund information
Fund name
LV= Fidelity Multi Asset Allocator Balanced Pn 2
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund managers
  • Kevin O' Nolansince 31/01/2015
  • Nick Peterssince 31/01/2015
Underlying fund
Fidelity MulAs All Str
Fund objective
The fund aims to provide long-term growth. The fund Invests mostly in a range of global assets providing exposure to bonds, company shares, commodities, property and cash. The fund Invests primarily in funds, including those managed by Fidelity. It is anticipated that the fund will mainly invest in index tracking funds with the aim of pursuing a lower cost investment approach. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. The fund can invest in bonds issued by governments, companies and other bodies. The fund 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
No data available.
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
11.7%
1 Year rank in sector
107/461
Sector
PN Mixed Investment 20%-60% Shares
Yield
-
Fund size
£3m (£2m 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.
50
Bid price
124.8
Offer price
131.3
Top in this sector
Fund name1 Year
OMW IPL F&C UKEq LnkInflPn31.9%
AXA Wealth TEAMS cl Gvn ptfl VPn22%
AXA Wealth TEAMS cl Gvn ptfl IVPn20.9%
FL Investec Cautious Mgd AP19.2%
Zurich Investec Caut Mgd Pn18.5%
...more in PN Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • UK45.4%
    Money Market22.5%
    Not Specified12.6%
    North America6.7%
    International5.3%
  • Fixed Interest34.8%
    Equities30.2%
    Money Market28.1%
    Commodity & Energy14.1%
    Property1.1%
  • UK Fixed Interest29.5%
    Money Market22.5%
    UK Equities15.9%
    Commodity & Energy14.1%
    North American Equities6.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%-0.3%6.1%11.7%20.6%-
Sector-0.2%-1.2%6.5%9.5%18.9%39.5%
Rank within sector291 / 528155 / 528243 / 517107 / 461112 / 398-
Quartile3rd2nd2nd1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund11.2%-0.4%7.6%5.8%-
Sector9.6%1.3%6%8.3%9.4%
Rank within sector121 / 462345 / 42466 / 398326 / 380-
Quartile2nd4th1st4th
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.
0.93
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.
0.96
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.
0.51
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%.
5.48
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.
2.11
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.
0.33
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 high128.6
52 week low106.9
Current bid price124.8
Current offer price131.3
Current mid price-
Region
1UK45.43%
2Money Market22.48%
3Not Specified12.56%
4North America6.71%
5International5.29%
6Europe ex UK2.89%
7Global Emerging Markets2.24%
8Japan1.52%
9Pacific ex-Japan0.87%
Industry sector
1Fixed Interest34.79%
2Equities30.16%
3Money Market28.14%
4Commodity & Energy14.06%
5Property1.11%
6Derivatives-8.26%
Asset type
1UK Fixed Interest29.5%
2Money Market22.48%
3UK Equities15.93%
4Commodity & Energy14.06%
5North American Equities6.71%
6Others5.65%
7Global Fixed Interest5.29%
8Europe ex UK Equities2.89%
9Global Emerging Market Equities2.24%
Individual holdings
1L&G ALL STOCKS GILT INDEX TRUST M ACC21.31%
2FIDELITY INDEX UK F15.93%
3FIDELITY GROSS ACCUMULATING CASH A GBP14.06%
4ILF US DOLLAR FUND DIS C8.43%
5BLACKROCK UK CREDIT BOND INDEX DIS7.72%
6FIDELITY INDEX US F6.35%
7ISHARES $ TIPS UCITS ETF GBP5.29%
8ISHARES $ TIPS UCITS ETF GBP5.29%
9FIDELITY INDEX EUROPE EX UK F ACC2.89%
Management
Fund manager group
LVFS
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund objective
The fund aims to provide long-term growth. The fund Invests mostly in a range of global assets providing exposure to bonds, company shares, commodities, property and cash. The fund Invests primarily in funds, including those managed by Fidelity. It is anticipated that the fund will mainly invest in index tracking funds with the aim of pursuing a lower cost investment approach. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. The fund can invest in bonds issued by governments, companies and other bodies. The fund 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
No data available.
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
Kevin O' Nolan31/01/2015Kevin O’Nolan is a Portfolio Manager in Fidelity Solutions. He joined Fidelity in 2008 as an Asset Allocation Analyst. During his time at Fidelity he has worked as a key member of Fidelity Solutions’ Tactical Asset Allocation team. In January 2015, Kevin O’Nolan became the lead portfolio manager on all five of our risk profiled Multi Asset Allocator funds. He was also appointed co-portfolio manager to 4 of our risk profiled Multi Asset growth range of funds and our two Global Multi Asset Tactical funds. Kevin’s deep understanding of the full range of market dynamics makes a significant contribution to our TAA process and views. Kevin holds a BA (Hons) in Management Science and Information Systems Studies from Trinity College, Dublin and an MSc in Investment Management from Cass Business School, London. He is also a CFA Charterholder.
Nick Peters31/01/2015Nick 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
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
LV= Fidelity Multi Asset Allocator Balanced Pn 2
Initial charge-
Annual charge0.28%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.28%
Bid price124.8
Offer price131.3
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGR4O
Data provided by

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