| Quick Stats | |||||
|---|---|---|---|---|---|
| Fund currency | GBX | Change on day | -0.30 p | Sector | IMA Sterling Corporate Bond |
| Bid price | - | Change on day | -0.20% | Fund Size | £34.63 B 30/04/2013 |
| Mid price | 150.70 p | Yield | 3.64% | Fund type | OEIC |
| Offer price | - | Unit type | Accumulation | Available as | - |
| Price date | 24/05/2013 | Crown Rating |  |
Launch date | 22/05/2009 |
| Fund Objective | Purchase Information | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| The fund aims to provide an attractive level of income. It invests primarily in Sterling denominated bonds and has the freedom to invest outside the fund’s principal geographies, market sectors, industries or asset classes. The fund may invest in bonds issued in currencies other than the fund’s denominated currency. Exposure to currencies may be hedged, for example with currency forward contracts. The fund can invest in bonds issued by governments, companies and other bodies and use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund’s risk profile. |
|
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| Manager Information | |
|---|---|
| Manager name | Ian Spreadbury |
| Manager since | 03/10/1995 |
| Manager's biography | Ian Spreadbury has over 30 years of investment experience, having started his career in 1978. Ian joined Fidelity in 1995 as a Senior Portfolio Manager. Previously, he was working as Senior Portfolio Manager (Bonds), Legal & General (1985-1995), Underwriter (pensions), Legal & General (1982-85), Assistant Actuary (Pensions) Legal & General (1981-82), and as Employee Benefit Consultant at Sedgwick Forbes from 1978 to 1981. He 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. Ian Spreadbury has been named in FE Trustnets' list of Alpha Managers 2012. He has been placed in the list of managers every year since its inception in 2009. The 160 managers on the list, selected from 1100 eligible managers, are rated on their risk-adjusted alpha, distinguishing those who are best able to navigate all phases of the market cycle. He was also named 'Outstanding Investor' in the OBSR (Old Broad Street Research) Awards 2011. |
Performance Chart
| Cumulative Performance | |||||
|---|---|---|---|---|---|
| 3 mth |
6 mth |
1 yr |
3 yr |
5 yr |
|
| Fund | 4.07 | 3.93 | 11.63 | 24.75 | - |
| Sector | 3.87 | 4.12 | 12.96 | 23.90 | 40.42 |
| Relative to sector | 0.19 | -0.18 | -1.17 | 0.69 | - |
| Rank within sector | 35 / 88 | 52 / 87 | 63 / 84 | 47 / 79 | 19 / 73 |
| Discrete Performance | |||||
|---|---|---|---|---|---|
| 24/05/2012 -24/05/2013 |
24/05/2011 -24/05/2012 |
24/05/2010 -24/05/2011 |
24/05/2009 -24/05/2010 |
24/05/2008 -24/05/2009 |
|
| Fund | 11.63 | 5.97 | 5.46 | 20.80 | - |
| Sector | 12.96 | 3.73 | 5.75 | 22.98 | -7.84 |
| Relative to sector | -1.17 | 2.16 | -0.27 | -1.77 | - |
| Top 10 Holdings | % of Fund | |
|---|---|---|
| 1 | EUROPEAN INVESTMENT BANK 6% BDS 7/12/2028 GBP1000 | 2.50 |
| 2 | UK TREASURY WAR LOAN 3.5% PERPETUAL | 1.90 |
| 3 | ABBEY NATIONAL TREASURY SERVICES 5.125% NTS 14/04/22 GBP1000 | 1.40 |
| 4 | CPUK FINANCE LTD 4.811% BDS 28/02/42 GBP1000 | 1.30 |
| 5 | ASPIRE DEFENCE FINANCE 4.674% SER`A`GTD SEC BD 31/3/40 GBP50000 | 1.20 |
| 6 | TREASURY 1.75% GILT 7/9/2022 DEC 12 WI | 1.20 |
| 7 | GLAXOSMITHKLINE CAPITAL 3.375% NTS 20/12/27 GBP1000 | 1.10 |
| 8 | GREAT ROLLING STOCK CO LTD 6.875% BDS 27/07/35 GBP50000 | 1.10 |
| 9 | TESCO PROPERTY FINANCE 2 PLC 6.0517% MTG BDS 13/10/39 GBP1000 | 1.10 |
| 10 | TESCO PROPERTY FINANCE 5 PLC 5.6611% NTS 13/10/41 GBP100000 | 1.00 |
Region Weighting - as at April 30, 2013
| Region | % of Fund | Chart | ||
|---|---|---|---|---|
| 1 | UK | 62.30% | ||
| 2 | USA | 7.90% | ||
| 3 | Netherlands | 4.80% | ||
| 4 | Cayman Islands | 3.90% | ||
| 5 | Channel Islands | 3.90% | ||
| 6 | France | 3.80% | ||
| 7 | Others | 3.50% | ||
| 8 | International | 3.40% | ||
| 9 | Others | 6.50% | ||
Asset Weighting - as at April 30, 2013
| Asset | % of Fund | Chart | ||
|---|---|---|---|---|
| 1 | UK Fixed Interest | 66.20% | ||
| 2 | US Fixed Interest | 7.90% | ||
| 3 | Global Fixed Interest | 6.90% | ||
| 4 | Dutch Fixed Interest | 4.80% | ||
| 5 | American Emerging Fixed Interest | 3.90% | ||
| 6 | French Fixed Interest | 3.80% | ||
| 7 | Irish Fixed Interest | 2.10% | ||
| 8 | Italian Fixed Interest | 2.10% | ||
| 9 | Others | 2.30% | ||
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