Fact sheet: Zurich Fid Mlti Asst Inc Pn

Fund information
Fund name
Zurich Fidelity Multi Asset Open Strategic Pn ZP
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund managers
  • Bill McQuakersince 01/01/2017
  • Ayesha Akbarsince 01/01/2017
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
15.1%
1 Year rank in sector
127/490
Sector
PN Mixed Investment 20%-60% Shares
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.
44
Top in this sector
Fund name1 Year
OMW IPL F&C UKEq LnkInflPn41.3%
OMW IPL F&COs EqLnkUKInflPn35.1%
AXA Wealth TEAMS cl Gvn ptfl VPn26.8%
OMW IPL F&C Os EqLkUK GltPn26.6%
AXA Wealth TEAMS cl Gvn ptfl IVPn25.3%
...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
Fund0.4%2.3%4.9%15.1%24.7%42.2%
Sector0.3%2.7%3.2%13%21.7%38.9%
Rank within sector205 / 529348 / 52292 / 519127 / 490108 / 407123 / 351
Quartile2nd3rd1st2nd2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund2.1%14.9%0.6%6.6%8.2%
Sector2.3%11.8%1.3%6%8.3%
Rank within sector294 / 52294 / 459285 / 423117 / 397242 / 380
Quartile3rd1st3rd2nd3rd
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.
1.13
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.
0.95
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.
0.74
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%.
5.22
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.
1.31
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.
0.6
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.
0.94
Price movement
52 week high165.3
52 week low141.9
Current bid price-
Current offer price-
Current mid price164.2
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
Zurich
Fund manager company
Zurich Assurance 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
Bill McQuaker01/01/2017Bill joined Henderson in 2005 as Head of the Multi-Manager team with portfolio management responsibilities for a number of funds including taking the lead on asset allocation within the funds. In January 2011 Bill assumed the role of Deputy Head of Equities, with responsibility for overseeing the management of all of Henderson's equity assets. Bill currently serves as Co-Head of Multi-Asset and is the Co-Asset Allocation Strategist of the International Opportunities Fund and Asset Allocation Strategist for the Emerging Markets Opportunities Fund. He also serves as co-manager of the All Asset Fund. Bill graduated with honours from The University of Edinburgh with a degree in Business.
Ayesha Akbar01/01/2017<<AUTOMATED>>
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Zurich Fidelity Multi Asset Open Strategic Pn Inet
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price143.3
Offer price143.3
Mid price-
CurrencyGBX
Price updated27/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeAIR9
Zurich Fidelity Multi Asset Open Strategic Pn ZP
Initial charge-
Annual charge0.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.33%
Bid price-
Offer price-
Mid price164.2
CurrencyGBX
Price updated27/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeZ322
Data provided by

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