Fidelity Institutional Reduced Dura
Latest (Mid) Price:
GBX 994.30
Day Change:
-0.48%
| Shares Class | Inc. |
|---|---|
| Yield | 2.71 |
| Total Expense Ratio | 0.00 |
Fund Performance
Cumulative Performance
Discrete Performance
MoneyAM Fund Centre
Quick Stats
| Fund Size | 17,000,000.00 | Launch Date | 05/06/2013 | Standard Initial Charge (%) | 0.00 |
|---|---|---|---|---|---|
| Currency | GBX | ISA Eligible | No | Annual Management Charge (%) | 0.35 |
| Sector | IMA UK Equity Income | Min Investment (£) | 100,000.00 | Total Expense Ratio (%) | 0.00 |
| ISIN | GB00B9SL2679 | Min Topup (£) | 100,000.00 | Ongoing Charge (%) | 0.4400 (on 30/10/2015) |
Fund Objective
Aims to provide income and capital growth. Obtains exposure primarily to non-government bonds. Derivatives may be used to reduce interest rate risk in the fund, the use of such techniques may substantially affect the returns achieved. 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.
Fund Managers
Ian Fishwick
Ian Fishwick is responsible for managing Fidelity’s sterling bond strategies including separate accounts for institutional investors. Ian has 29 years of investment experience and has worked for Fidelity for the past 9 years. He has been a portfolio manager for over 25 years. Ian has held a range of senior positions within the asset management industry including: Head of UK Fixed Income at Credit Suisse Asset Management, Chief Investment Officer for Sun Life of Canada’s UK asset management business, Head of Fixed Income for Sun Life of Canada, and Portfolio Manager for Confederation Life. He has a Masters Degree in Natural Sciences from Cambridge University and is a Fellow of the Institute of Actuaries.
Asset Breakdown
| Name | Weight |
|---|---|
| American Emerging Fixed Intere | 4.31% |
| Asia Pacific Fixed Interest | 4.07% |
| Asia Pacific ex Japan Fixed In | 0.92% |
| European Fixed Interest | 5.56% |
| Foreign Exchange | 0.00% |
| French Fixed Interest | 7.94% |
| German Fixed Interest | 2.78% |
| Middle East & African Fixed In | 5.24% |
| Money Market | 5.14% |
| Others | 1.36% |
| Swiss Fixed Interest | 5.52% |
| UK Fixed Interest | 62.19% |
| US Fixed Interest | 4.24% |
Region Breakdown
| Name | Weight |
|---|---|
| Asia Pacific ex Japan | 0.92% |
| Australasia | 4.07% |
| Continental Europe | 0.53% |
| Europe | 5.03% |
| France | 7.94% |
| Germany | 2.78% |
| Latin America | 4.31% |
| Middle East/ Africa | 5.24% |
| Money Market | 5.14% |
| Not Specified | 0.00% |
| Others | 0.00% |
| Switzerland | 5.52% |
| UK | 62.19% |
| USA | 4.24% |
Sector Breakdown
| Name | Weight |
|---|---|
| Asset/Mortgage-Backed Securiti | 13.71% |
| Banks | 13.75% |
| Basic Industries | 6.11% |
| Capital Goods | 1.54% |
| Communications | 0.57% |
| Cyclical Consumer Goods | 1.70% |
| Energy | 1.30% |
| Foreign Exchange | 0.00% |
| Government Bonds | 25.97% |
| Insurance | 14.29% |
| Money Market | 5.14% |
| Mortgage & Secured Bonds | 5.79% |
| Non-Cyclical Consumer Goods | 1.67% |
| Other Financial | 1.69% |
| Property | 2.65% |
| Technology | 1.25% |
| Utilities | 12.63% |
Top 10 Holdings
| Name | Weight |
|---|---|
| TREASURY 4.25% GILT 07/03/36 G | 7.09% |
| TREASURY 6% GILT 2028 | 4.41% |
| EDF 6% UNDATED BDS GBP100000 | 4.13% |
| ENGIE SA 5.95% NTS 16/03/11 EU | 3.21% |
| TREASURY 2.75% GILT 07/09/24 G | 2.93% |
| CLYDESDALE BANK 4.625% REG CVD | 2.86% |
| MEXICO(UNITED MEXICAN STATES) | 2.64% |
| CHANNEL LINK ENTERPRISES FINAN | 2.63% |
| TREASURY 4.5% GILT 7/9/2034 GB | 2.47% |
| SOCIETY OF LLOYDS(THE) 4.75% S | 2.45% |
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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