MoneyAM Fund Centre

Quick Stats

Fund Objective

The Fund aims to deliver an income with the potential to increase the value ofyour investment. The Fund will be at least 85% invested in the Fidelity Institutional Sterling CorePlus Bond Fund, but it is the intention through the use of derivatives to adjustinterest rate risk to a target of 5 years, such that the returns achieved may besubstantially different to those of the Fidelity Institutional Sterling Core Plus BondFund. The Fund is actively managed. The Investment Manager identifiessuitable opportunities for the Fund utilising in-house research and investmentcapabilities.The Investment Manager will, when selecting investments for the Fund and forthe purposes of monitoring risk, consider the 50% ICE Bank of America MerrillLynch 15+ Year UK Gilt Index and 50% ICE Bank of America Merrill Lynch 15+Year Sterling Non-Gilt Index. However, the Investment Manager has a limiteddegree of freedom relative to the custom blend and may invest in issuers,sectors, countries and security types not included in the custom blend in orderto take advantage of investment opportunities. This means the Fund’sinvestments and therefore performance may vary from, but is unlikely to besignificantly different to, the index. The Fund may also obtain exposure totransferable securities, money market instruments, collective investmentschemes, cash and near cash and deposits. Derivatives may be used forhedging and may include (but are not limited to) derivatives on exchangerates, interest rates, inflation and credit. The Fund may also take positionswhich enable it to benefit from falling asset prices. The Fund’s performance can be compared to the blend of indices set out inthe Investment Policy above as the constituents best represent thecharacteristics the Fund is seeking to gain exposure to.Many funds sold in the UK are grouped into sectors by the InvestmentAssociation (the trade body that represents UK Investment Managers), tofacilitate comparison between funds with broadly similar characteristics. ThisFund is classified in the IA Unclassified sector. Performance data on fundswithin this sector may be prepared and published by data providers and willbe used when evaluating the performance of this Fund. The IA sector mostclosely reflects the combination of assets in the Fund.

Fund Managers

Sajiv Vaid

Sajiv joined Fidelity in 2015 as co-manager of the Fidelity MoneyBuilder Income and Extra Income Funds. He became lead manager of both funds in January 2019 and has also been lead manager of the Fidelity Short Dated Corporate Bond Fund since its launch in November 2016. After graduation, Sajiv joined Gerrard Group as a trainee bond fund manager, working there until 1997. He then moved to Fuji Investments as a fully-fledged bond fund manager, where he managed global fixed income portfolios. In 2001, he joined Royal London Asset Management where he managed their flagship retail and institutional corporate funds. Sajiv graduated from the University of Hull in 1991 in Economic & Social History and holds an MA in Modern International Studies from University of Leeds.

Ian Fishwick

Ian joined Fidelity in 2007 and has been running Sterling benchmarked institutional bond portfolios. He also acts a Co-Portfolio Manager on inflation linked strategies including the Fidelity Funds - Global Inflation Linked Bond and Fidelity Institutional Index Linked funds. Prior to joining Fidelity, Ian had twenty years’ experience in asset management. He joined Confederation Life as a credit analyst in 1986 and later became a portfolio manager, Head of Fixed Income and CIO for Sun Life of Canada’s UK asset management business. In 2001 he became Head of UK Fixed Income at Credit Suisse Asset Management, where he stayed until joining Fidelity.Ian has a MA (Hons) from studying Natural Sciences at Downing College, Cambridge and is a Fellow of the Institute of Actuaries.

Kristian Atkinson

Kris Atkinson is Portfolio Manager of Fidelity’s Global Corporate Bond, Fixed Maturity and Global Hybrids portfolios. Kris joined Fidelity in 2000 as a Research Associate, became a Credit Analyst in 2001 and was promoted to a Senior Credit Analyst position in 2010. During this time he covered a variety of sectors across Investment Grade, High Yield and Emerging markets including European utilities, consumer / retail, pharmaceutical, global energy and basic materials. He became a Portfolio Manager in 2013.Prior to joining Fidelity, Kris worked for Lexecon, a consultancy subsequently acquired by Charles River Associates. Kris has an MA Economics from the University of Cambridge.