Fidelity Target 2015 A Acc
Latest (Mid) Price:
GBX 49.67
Day Change:
-0.02%
| Shares Class | Inc. |
|---|---|
| Yield | 0.00 |
| Total Expense Ratio | 1.51 |
Fund Performance
Cumulative Performance
Discrete Performance
MoneyAM Fund Centre
Quick Stats
| Fund Size | 12,662,276.21 | Launch Date | 30/05/2003 | Standard Initial Charge (%) | 3.50 |
|---|---|---|---|---|---|
| Currency | GBX | ISA Eligible | Yes | Annual Management Charge (%) | 0.85 |
| Sector | IMA UK Equity Income | Min Investment (£) | 1,000.00 | Total Expense Ratio (%) | 1.51 |
| ISIN | GB0033123604 | Min Topup (£) | 250.00 | Ongoing Charge (%) | 1.3200 (on 30/10/2015) |
Fund Objective
The Fund's investment objective is to achieve long term capital growth for investors to 2015. The Fund will move increasingly to an asset allocation appropriate to achieve a combination of income and long term capital growth as the year 2015 is approached. In 2015 the Fund will merge into the Fidelity Retirement Income Fund Accumulation Share Class. It invests in a wide range of investments covering markets throughout the world and providing exposure to bonds, company shares, index based commodity derivatives, property and cash. The Fund will invest primarily in funds, including those managed by Fidelity. It may also invest directly in transferable securities (which includes company shares and bonds), money market instruments, cash and deposits and has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. The fund can invest in bonds issued by governments, companies and other bodies and can 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. May also make extensive use of derivatives including more complex instruments or strategies to achieve the investment objective and these may result in leverage. In such situations performance may rise or fall more than it would have done otherwise, reflecting such additional exposure.
Fund Managers
Joo Hee Lee
Joo Hee is the portfolio manager of a number of Target Funds, denominated in a variety of major currencies. The Target Funds represent $781m of assets under management. She is also the leader of the group's Strategic Asset Allocation Team, responsible for asset class analysis, benchmark design and modelling. Joo Hee joined Fidelity as a Portfolio Manager in 2006. Her prior experience includes the design and co-management of a quantitative fund at Pioneer Investments, and quantitative analysis roles at Russell Investments Group, and Sal. Oppenheim. Joo Hee holds a Ph.D. in Solid State Physics, Cambridge University, and a B.Sc. and M.Sc. in Chemistry. She is CQF qualified and is a CFA charterholder.
Asset Breakdown
| Name | Weight |
|---|---|
| Asia Pacific Equities | 1.54% |
| Europe ex UK Equities | 2.35% |
| Global Emerging Market Equitie | 0.76% |
| Hedge | 9.89% |
| Money Market | 37.84% |
| North American Equities | 1.54% |
| UK Equities | 1.51% |
| UK Fixed Interest | 44.57% |
Region Breakdown
| Name | Weight |
|---|---|
| China | 3.83% |
| France | 6.68% |
| Germany | 6.34% |
| Hong Kong | 1.94% |
| India | 1.96% |
| International | 15.48% |
| Japan | 13.13% |
| Not Specified | 0.92% |
| Switzerland | 7.67% |
| Taiwan | 1.83% |
| UK | 17.48% |
| USA | 22.74% |
Sector Breakdown
| Name | Weight |
|---|---|
| Consumer Discretionary | 16.69% |
| Consumer Staples | 9.23% |
| Energy | 4.22% |
| Financials | 22.72% |
| Health Care | 12.78% |
| Industrials | 9.85% |
| Information Technology | 13.21% |
| Materials | 3.45% |
| Others | 3.22% |
| Telecommunications Utilities | 2.77% |
| Utilities | 1.86% |
Top 10 Holdings
| Name | Weight |
|---|---|
| FIDELITY GROSS ACCUMULATING CA | 32.20% |
| TREASURY 0% TSY BILL 29/02/16 | 12.52% |
| FIDELITY CASH A ACC GBP | 11.64% |
| TREASURY 0% TSY BILL 16/11/15 | 10.18% |
| THREADNEEDLE ABSOLUTE RETURN B | 9.79% |
| TREASURY 0% TSY BILL 08/02/16 | 5.09% |
| TREASURY 2% GILT 22/01/16 GBP0 | 4.90% |
| ISHARES UK GILTS 0-5YR UCITS E | 2.38% |
| TREASURY 0% TSY BILL 04/01/16 | 2.17% |
| TREASURY 4.25% GILT 7/9/39 GBP | 0.30% |
Please remember that past performance is not a guide of future returns. The value of investments and the income from them can go down as well as up as a result of currency exchange and market fluctuations and investors may not get back the amount originally invested.
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