Fact sheet: Fidelity Inst UK Corp Bd

Fund information

Fund name
Fidelity Institutional UK Corporate Bond
Fund company manager
Fidelity International (FIL In
Fund type
OIC
Fund manager
Ian Fishwick
since 01/08/2007
Fund objective
Aims to provide income and capital growth. Obtains exposure primarily to non-government bonds. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments may be made in relation to bonds issued in currencies other than the fund’s denominated currency. Exposure to currencies may be hedged, for example with currency forward contracts. Can invest in relation to bonds issued by governments, companies and other bodies. The fund may make use of derivatives which are consistent with achieving the fund’s objective. This may result in “leverage” by which we mean a level of exposure which could expose the fund to the potential of greater gains or losses than would otherwise be the case. The fund has discretion in its choices of investments within its objectives and policies. Income is reinvested in additional shares or paid to shareholders on request. 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
BofA Merrill Lynch Euro-Sterling
Investment style
None
Investment method
Fixed Interest

Performance snapshot

Quick stats

1 Year return

10.69 %

1 Year rank in sector

31/90

Sector

UT Sterling Corporate Bond

Yield

2.82

Fund size

£ 535.6 m

FE Risk score

34

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • UK
    49.68%
  • USA
    13.3%
  • Latin America
    5.98%
  • Switzerland
    5.9%
  • France
    5.64%
  • Financials
    40.3%
  • Investment Grade Bonds
    27.29%
  • High Yield Bond
    9.28%
  • Government Bonds
    8.05%
  • Asset/Mortgage-Backed Securities
    7.78%
  • UK Fixed Interest
    49.68%
  • US Fixed Interest
    13.3%
  • American Emerging Fixed Interest
    5.98%
  • Swiss Fixed Interest
    5.9%
  • French Fixed Interest
    5.64%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.3 %5.76 %9.02 %22.35 %39.93 %
Sector0.45 %4.9 %7.92 %19.36 %34.16 %
Rank within sector65 / 9726 / 9531 / 9022 / 8423 / 70
Quartile th3 rd2 nd2 nd2 nd2 nd

Calendar performance

YTD-20172016201520142013
Fund4.94 %9.79 %-0.1 %11.67 %0.84 %
Sector4.07 %9.08 %-0.3 %10.06 %0.21 %
Rank within sector23 / 9535 / 8847 / 8621 / 8338 / 77
Quartile th1 st2 nd3 rd2 nd2 nd

Risk statistics

Alpha0.78
Beta1.04
Sharpe0.61
Volatility5.63
Tracking error0.93
Information ratio1.05
R-Squared0.97

Price movement

52 week high134.2
52 week low126
Current bid price0
Current offer price0
Current mid price134

Holdings by region

  • 49.68% UK
  • 13.3% USA
  • 5.98% Latin America
  • 5.9% Switzerland
  • 5.64% France
  • 5.25% Germany
  • 4.54% Australasia
  • 3.28% Europe
  • 1.96% Middle East/ Africa
  • 1.47% Asia Pacific ex Japan

Holdings by sector

  • 40.3% Financials
  • 27.29% Investment Grade Bonds
  • 9.28% High Yield Bond
  • 8.05% Government Bonds
  • 7.78% Asset/Mortgage-Backed Securities
  • 5.44% Investment Grade Government Bonds
  • 1.61% Others
  • 0.57% Foreign Exchange
  • -0.31% Money Market

Holdings by asset type

  • 49.68% UK Fixed Interest
  • 13.3% US Fixed Interest
  • 5.98% American Emerging Fixed Interest
  • 5.9% Swiss Fixed Interest
  • 5.64% French Fixed Interest
  • 5.25% German Fixed Interest
  • 4.54% Asia Pacific Fixed Interest
  • 3.89% European Fixed Interest
  • 1.96% Middle East & African Fixed Interest
  • 1.47% Asia Pacific ex Japan Fixed Interest

Individual holdings

  • 8.05% UNITED KINGDOM OF GREAT BRITAIN
  • 3.73% LLOYDS BANKING GROUP PLC
  • 2.53% CREDIT SUISSE
  • 2.52% GE CAPITAL UK
  • 2.4% Aa Bond Co Ltd
  • 2.38% HSBC BANK PLC
  • 2.23% (THAMES) THAMES WATER 2.375% 5/3/23 RGS
  • 2.15% (MET) MET LIFE GLOB FUNDING I
  • 2.05% (WSTP) WESTPAC BANKING CORP
  • 1.79% BARCLAYS BANK PLC