Fact sheet: SIP Fidelity Extra Inc Pn

Fund information
Fund name
SIP Fidelity Extra Income Pn S6
Fund manager company
Sanlam Investments & Pensions
Fund type
Pension Fund
Fund managers
  • Ian Spreadburysince 30/06/2002
  • Sajiv Vaidsince 02/08/2015
Underlying fund
Fidelity Extra Income
Fund objective
The Fund's investment objective is to achieve a relatively high level of income. The Fund will obtain exposure primarily to UK corporate and government bonds and other fixed income and money market securities, preference shares and convertibles.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
5.8%
1 Year rank in sector
126/174
Sector
PN Sterling Fixed Interest
Yield
-
Fund size
£0m (£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.
31
Bid price
222.3
Offer price
234
Top in this sector
Fund name1 Year
OMW IPL F&C Sht Pr Rl Dn LDI Pn51.3%
OMW IPL F&C Real Dynamic LDI Pn48.7%
OMW IPL F&C Nominal Dyn LDI Pn33.9%
OMW IPL LGIM 2055IdxLkdGltPn24.2%
OMW IPL LGIMOvr15Yr I LGltPn21.5%
...more in PN Sterling Fixed Interest

Performance snapshot

Holdings snapshot

  • UK61.9%
    USA9.3%
    Continental Europe7.8%
    Europe5.6%
    Germany4.2%
  • High Yield Bond37.7%
    Investment Grade Bonds25.2%
    Financials18.9%
    Asset/Mortgage-Backed Securities8.3%
    Government Bonds4.3%
  • UK Fixed Interest56.2%
    UK Corporate Fixed Interest37.7%
    UK Gilts4.3%
    Alternative Investment Strategies0.9%
    Money Market0.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%2%-0.6%5.8%11%29.2%
Sector0.8%2.5%-1.8%10.1%25.7%35.2%
Rank within sector85 / 18194 / 17928 / 178126 / 174135 / 14268 / 131
Quartile2nd3rd1st3rd4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund1.4%5.1%-1.2%8.4%3.6%
Sector0.7%13.1%-1.2%13.9%-1.7%
Rank within sector27 / 179160 / 174141 / 152128 / 1415 / 134
Quartile1st4th4th4th1st
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.
-0.08
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.
0.44
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.
-
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%.
4.54
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.
5.16
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.
-0.83
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.
0.54
Price movement
52 week high226.6
52 week low209.9
Current bid price222.3
Current offer price234
Current mid price-
Region
1UK61.92%
2USA9.28%
3Continental Europe7.8%
4Europe5.58%
5Germany4.2%
6France3.81%
7Latin America2.72%
8Australasia1.13%
9Switzerland1.09%
Industry sector
1High Yield Bond37.74%
2Investment Grade Bonds25.15%
3Financials18.94%
4Asset/Mortgage-Backed Securities8.33%
5Government Bonds4.3%
6Others3.67%
7Foreign Exchange0.88%
8Money Market0.85%
9Investment Grade Government Bonds0.14%
Asset type
1UK Fixed Interest56.23%
2UK Corporate Fixed Interest37.74%
3UK Gilts4.3%
4Alternative Investment Strategies0.88%
5Money Market0.85%
Individual holdings
1Bank Of Scotland Plc3.29%
2UNITED KINGDOM OF GREAT BRITAIN2.73%
3BARCLAYS BANK PLC2.35%
4ELECTRICITE DE FRANCE1.58%
5United States Of America1.57%
6WESTERN POWER DISTRIBUTION1.49%
7LYNX I CORP1.44%
8NGG FINANCE PLC1.36%
9ROYAL BANK OF SCOTLAND GROUP PLC1.28%
Management
Fund manager group
Sanlam
Fund manager company
Sanlam Investments & Pensions
Fund type
Pension Fund
Fund objective
The Fund's investment objective is to achieve a relatively high level of income. The Fund will obtain exposure primarily to UK corporate and government bonds and other fixed income and money market securities, preference shares and convertibles.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Ian Spreadbury30/06/2002Ian Spreadbury is a Senior Portfolio Manager at Fidelity International with 30 years investment experience. Since joining Fidelity in 1995, he has been responsible for managing several of Fidelity's bond strategies. Previously, he worked for Legal and General in various positions including Senior Portfolio Manager (Bonds). Ian has a BSc in Pure & Applied Mathematics from University College of North Wales and an MSc in Mathematical Statistics from University of Sussex. He is also a Fellow of the Institute of Actuaries and is one of the most experienced fixed income managers in the industry.
Sajiv Vaid02/08/2015Sajiv Vaid joined Fidelity in 2015 and is co-Manager on the Moneybuilder and Extra Income Funds. After graduation Sajiv joined Gerrard Group (1994-1997) as a trainee bond fund manager, joining Fuji Investments as a fully-fledged bond fund manager in 1997, where he managed global fixed income portfolios. In 2001, he joined Royal London Asset Management where he managed their flagship retail and institutional corporate funds. Sajiv graduated from the University of Hull in 1991 in Economic & Social History and holds an MA in Modern Internatio.al Studies from University of Leeds.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
SIP Fidelity Extra Income Pn S6
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price222.3
Offer price234
Mid price-
CurrencyGBX
Price updated22/03/2017
Type-
Institutional or retail classInstitutional
Domicile-
Citi codeOH71
SIP Fidelity Extra Income Pn S7
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price231
Offer price-
Mid price-
CurrencyGBX
Price updated22/03/2017
Type-
Institutional or retail classInstitutional
Domicile-
Citi codeOX16
Data provided by

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