Fact sheet: Fidelity SMRT Gbp Defens

Fund information

Fund name
Fidelity SMART Global Defensive A EUR
Fund company manager
Fidelity International (FIL In
Fund type
SIB
Fund manager(s)
Joo Hee Lee
since 30/06/2016
Eugene Philalithis
since 30/06/2016
Fund objective
Aims to provide stable long-term growth. Invests directly or indirectly (including through the use of derivatives) in a wide range of global asset classes and geographies including global government, global inflation-linked, global corporate, investment grade, global high yield and emerging market bonds, as well as shares of companies globally, based on their potential to generate moderate capital growth or reduce risk or fluctuation within the overall portfolio. Up to 40% may be invested directly or indirectly (including through the use of derivatives) in shares of companies. Up to 100% may be invested directly or indirectly (including through the use of derivatives) in government bonds, corporate, inflation linked and emerging market bonds. These may comprise global high yield bonds up to 40% of the fund’s assets and hybrid bonds (Hybrids) up to 10% of the fund's assets. Corporate Hybrids are highly subordinated debt securities which carry equity-like features, such as coupon payments that may be deferred or cancelled at the discretion of the issuer, and are typically the last to be paid in the event of insolvency. Up to 30% may be invested directly or indirectly (including through the use of derivatives) in infrastructure securities, commodities and real estate investment trusts (REITS). Any commodity exposure will be obtained indirectly through eligible instruments or derivatives. May invest in units of other investment funds. Aims to manage the long term average volatility under normal market conditions within a range of 2 to 5% per annum. The fund may make extensive use of derivatives or use complex derivatives to meet its investment objectives in line with the fund's risk profile. Can use derivatives, including but not limited to, currency derivatives, index futures, options, credit default swaps, interest rate swaps, contracts for difference and covered called options, to achieve indirect exposure to the main assets listed above, to generate additional capital or income in line with the fund's risk profile or with the aim of risk or cost reduction. In adverse market conditions the fund may hold more than 10% of its assets in cash, Money Market Instruments and money market funds. 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
-
Investment style
Balanced
Investment method
None

Performance snapshot

Sector
Fund
Sector
Fund
Sector
Fund

Quick stats

1 Year return

-3.47 %

1 Year rank in sector

145/145

Sector

FO Mixed Asset - Balanced

Yield
-
Fund size

£ 240.0 m

FE Risk score

80

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Performance vs. Sector

Sector
Fund
Sector
Fund
Sector
Fund

Cumulative performance

1m6m1y3y5y
Fund2.59 %-6.32 %-3.85 %4.91 %25.28 %
Sector1.26 %4.23 %7.43 %15.61 %28.76 %
Rank within sector15 / 151149 / 149145 / 145118 / 12565 / 90
Quartile th1 st4 th4 th4 th3 rd

Calendar performance

YTD-20172016201520142013
Fund-6.1 %3.88 %3.53 %11.01 %9.27 %
Sector7.33 %5.2 %-0.3 %4.7 %7.52 %
Rank within sector146 / 14679 / 13622 / 12711 / 11642 / 96
Quartile th4 th3 rd1 st1 st2 nd

Risk statistics

Alpha-2.62
Beta0.85
Sharpe-0
Volatility7.21
Tracking error5.6
Information ratio-0.6
R-Squared0.4

Price movement

52 week high12.95
52 week low11.45
Current bid price0
Current offer price0
Current mid price11.89

Holdings by region

-

Holdings by sector

-

Holdings by asset type

-

Individual holdings

-