Fact sheet: RLP Fidelity Mnybuild IncPn

Fund information
Fund name
RLP Fidelity Moneybuilder Income Pn
Fund manager company
Royal London
Fund type
Pension Fund
Fund manager
  • Fidelity Investmentssince 26/03/2010
Underlying fund
Fidelity Moneybld Income
Fund objective
To achieve an attractive level of income.The fund aims to achieve an attractive level of return while keeping risk firmly under control from a richly diversified portfolio primarily invested in sterlingdenominated (or hedged back to sterling) bonds issued by companies, all of which are regarded as ‘investment-grade’ by ratings agencies such as Moody’s and Standard & Poor’s. Emphasis is put on bottom up issuer selection and ensuring adequate diversity due to the asymmetric nature of corporate bond returns.
Benchmark
  • BofA Merrill Lynch Euro-Sterling
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
8.1%
1 Year rank in sector
189/264
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£15m (£13m 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.
34
Bid price
148.5
Offer price
156.3
Top in this sector
Fund name1 Year
AEGON Long Core Plus Pn16.8%
OMW IPL L&G AAA CrpBdOv15YIx Pn16.3%
BlackRock DC AqOv 15 YCrp BdIx HP16%
MetLife Fid Corp Bd 20yr Pn15.5%
FL TEActv Bln Bd IE15.2%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK70.6%
    USA8%
    France5%
    Germany2.9%
    Europe2.5%
  • Investment Grade Bonds37.6%
    Financials23.8%
    Asset/Mortgage-Backed Securities13.4%
    Government Bonds9.5%
    Investment Grade Government Bonds7.8%
  • UK Fixed Interest70.6%
    US Fixed Interest8%
    French Fixed Interest5%
    European Fixed Interest4.8%
    German Fixed Interest2.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%3.2%1.9%8.1%19.2%34.4%
Sector1%3.5%2.3%9.2%20%38.1%
Rank within sector190 / 267175 / 266201 / 265189 / 264134 / 235170 / 218
Quartile3rd3rd4th3rd3rd4th
Calendar performance
 YTD - 20172016201520142013
Fund2.2%8.6%-0.7%12.1%-0.3%
Sector2.3%9.4%0.2%10.5%1%
Rank within sector171 / 265167 / 261210 / 24736 / 235199 / 226
Quartile3rd3rd4th1st4th
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.
-0.39
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.
1.04
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.
0.48
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%.
5.73
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.
0.93
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.
-0.15
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.
0.97
Price movement
52 week high152.2
52 week low137.4
Current bid price148.5
Current offer price156.3
Current mid price-
Region
1UK70.64%
2USA7.98%
3France5.03%
4Germany2.86%
5Europe2.53%
6Australasia2.35%
7Continental Europe2.31%
8International1.88%
9Switzerland1.47%
Industry sector
1Investment Grade Bonds37.59%
2Financials23.81%
3Asset/Mortgage-Backed Securities13.41%
4Government Bonds9.46%
5Investment Grade Government Bonds7.76%
6High Yield Bond5.24%
7Others2.01%
8Money Market0.69%
9Index Linked0.06%
Asset type
1UK Fixed Interest70.64%
2US Fixed Interest7.98%
3French Fixed Interest5.03%
4European Fixed Interest4.84%
5German Fixed Interest2.86%
6Asia Pacific Fixed Interest2.35%
7Global Fixed Interest1.86%
8Swiss Fixed Interest1.47%
9Canadian Fixed Interest1.36%
Individual holdings
1UNITED KINGDOM OF GREAT BRITAIN9.4%
2ELECTRICITE DE FRANCE2.43%
3ABBEY NATIONAL TREASURY SERVICES PLC2.04%
4BARCLAYS BANK PLC1.79%
5TRANSPORT FOR LONDON1.73%
6Aa Bond Co Ltd1.69%
7Bank Of Scotland Plc1.66%
8EUROPEAN INVESTMENT BANK1.6%
9NETWORK RAIL INFRA FIN PLC 1.6%
Management
Fund manager group
Scottish Life
Fund manager company
Royal London
Fund type
Pension Fund
Fund objective
To achieve an attractive level of income.The fund aims to achieve an attractive level of return while keeping risk firmly under control from a richly diversified portfolio primarily invested in sterlingdenominated (or hedged back to sterling) bonds issued by companies, all of which are regarded as ‘investment-grade’ by ratings agencies such as Moody’s and Standard & Poor’s. Emphasis is put on bottom up issuer selection and ensuring adequate diversity due to the asymmetric nature of corporate bond returns.
Benchmark
  • BofA Merrill Lynch Euro-Sterling
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Fidelity Investments26/03/2010
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
RLP Fidelity Moneybuilder Income Pn
Initial charge-
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.44%
Bid price148.5
Offer price156.3
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeINJ8
Data provided by

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