Fidelity (Onshore) Strategic Bond Class W Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | 7.6% | -0.4% | -15.1% | 3.3% | 8.7% |
| Sector | 6.1% | 1.7% | -10.6% | 3.5% | 8.9% |
| Rank | 20/70 | 63/75 | 67/79 | 56/85 | 51/88 |
| Quartile | 2 | 4 | 4 | 3 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | -1.6% | 0.4% | 1.8% | |
| Sector | 0.3% | 1.7% | 2.7% | |
| Rank | 68/79 | 54/70 | 45/51 | |
| Quartile | 4 | 4 | 4 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| UST NOTES 1.75% 01/31/2029 | 8.12 |
| UST NOTES 0.625% 07/31/2026 | 6.48 |
| UNITED STATES TREASURY BOND 1.125% 05/15/2040 | 6.42 |
| GERMANY FEDERAL REPUBLIC OF 2.9% 06/18/2026 REGS | 6.38 |
| UST NOTES 1.5% 08/15/2026 | 5.30 |
| UST NOTES 0.75% 01/31/2028 | 4.03 |
| UST NOTES 3.5% 09/15/2025 | 3.65 |
| UST NOTES 2.75% 08/31/2025 | 2.89 |
| INDONESIA REPUBLIC OF 4.75% 01/08/2026 REGS | 2.88 |
| UST NOTES 1.875% 07/31/2026 | 2.77 |
| Total | 48.93 |
Fund Aims
The Fund’s investment objective is to achieve a relatively high income with the possibility of capital growth. The Fund will obtain exposure primarily to sterling-denominated (or hedged back to sterling) fixed interest securities.
Fund Manager
TBC
Fund Overview
| Mid (20/12/2024) | 129.50p |
| Distribution yield | 2.48% |
| Underlying yield | - |
| Fund size (30/09/2024) | £319.98m |
| Number of holdings | 460 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.60% |
| Launch date | 19/09/2013 |
Asset Allocation
| International Bonds | 69.76% | |
| UK Corporate Bonds | 20.68% | |
| Alternative Trading Strategies | 2.37% | |
| UK Gilts | 1.86% | |
| Money Market | 0.41% | |
| International Equities | 0.00% | |
| Cash and Equivalents | -0.04% | |
| Other Assets | 4.94% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Bonds | 69.76% | |
| UK Corporate Bonds | 20.68% | |
| Alternative Trading Strategies | 2.37% | |
| UK Gilts | 1.86% | |
| Money Market | 0.41% | |
| International Equities | 0.00% | |
| Cash and Equivalents | -0.04% | |
| Other Assets | 4.94% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 92.30% | - | - | - | |
| Non-Classified | 4.94% | - | - | - | |
| Alternative Trading Strategies | 2.37% | - | - | - | |
| Alternative Trading Strategies | - | 2.37% | - | - | |
| Alternative Trading Strategies | - | - | 2.37% | - | |
| Alternative Trading Strategies | - | - | - | 2.37% | |
| Cash and Equivalents | 0.38% | - | - | - | |
| Consumer Discretionary | 0.00% | - | - | - | |
| Travel & Leisure | - | 0.00% | - | - | |
| Travel & Leisure | - | - | 0.00% | - | |
| Airlines | - | - | - | 0.00% | |
Regional Allocation
| Developed Europe - Excl UK | 30.16% | |
| North America | 28.60% | |
| UK | 22.54% | |
| Non-Classified | 10.79% | |
| South & Central America | 2.62% | |
| Emerging Europe | 2.28% | |
| Middle East & Africa | 1.19% | |
| Developed Asia | 0.82% | |
| Cash and Equivalents | 0.38% | |
| Other Regions | 0.62% |
Fixed Interest Currencies
| Euro | 36.16% | |
| US Dollar | 30.30% | |
| Pound Sterling | 24.40% | |
| Non-Fixed Interest Assets | 7.73% | |
| Mexican Peso | 1.45% | |
| Cash | -0.04% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 30.16% | - | |
Germany
|
- | 8.18% | |
Italy
|
- | 6.40% | |
France
|
- | 2.97% | |
Netherlands
|
- | 2.77% | |
Luxembourg
|
- | 2.63% | |
Spain
|
- | 1.95% | |
Sweden
|
- | 1.52% | |
Ireland
|
- | 1.27% | |
Belgium
|
- | 0.55% | |
Norway
|
- | 0.54% | |
Portugal
|
- | 0.34% | |
Switzerland
|
- | 0.33% | |
Austria
|
- | 0.29% | |
Denmark
|
- | 0.27% | |
Iceland
|
- | 0.16% | |
| North America | 28.60% | - | |
United States
|
- | 25.86% | |
Canada
|
- | 2.75% | |
| UK | 22.54% | - | |
United Kingdom
|
- | 22.54% | |
| Non-Classified | 10.79% | - | |
| South & Central America | 2.62% | - | |
Mexico
|
- | 1.70% | |
Brazil
|
- | 0.61% | |
Argentina
|
- | 0.31% | |
| Emerging Europe | 2.28% | - | |
Greece
|
- | 1.26% | |
Czech Republic
|
- | 0.27% | |
Poland
|
- | 0.27% | |
Hungary
|
- | 0.22% | |
Ukraine
|
- | 0.13% | |
Turkey
|
- | 0.12% | |
| Middle East & Africa | 1.19% | - | |
South Africa
|
- | 0.55% | |
Kenya
|
- | 0.24% | |
Egypt
|
- | 0.23% | |
Gabon
|
- | 0.17% | |
| Developed Asia | 0.82% | - | |
Singapore
|
- | 0.52% | |
Hong Kong
|
- | 0.29% | |
| Cash and Equivalents | 0.38% | - | |
| Japan | 0.35% | - | |
Japan
|
- | 0.35% | |
| Emerging Asia | 0.27% | - | |
Georgia
|
- | 0.15% | |
India
|
- | 0.11% | |
| Australia & New Zealand | 0.01% | - | |
Australia
|
- | 0.01% | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
43.60% |
| 5Yr - 10Yr Maturity |
|
29.65% |
| 10Yr - 15Yr Maturity |
|
6.47% |
| > 15Yr Maturity |
|
12.57% |
| Cash And Equivalents |
|
0.38% |
| Unknown Maturity |
|
4.94% |
| Other Asset Types |
|
2.38% |
Fixed Interest Quality Profile
| AAA |
|
12.36% |
| AA |
|
3.91% |
| A |
|
9.39% |
| BBB |
|
21.98% |
| Sub-Investment Grade |
|
11.50% |
| Unknown Quality |
|
33.16% |
| Cash and Equivalents |
|
0.38% |
| Other Asset Types |
|
7.32% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | UST NOTES 1.75% 01/31/2029 | 8.12% | Non-Classified | Non-Classified |
| 2 | UST NOTES 0.625% 07/31/2026 | 6.48% | Non-Classified | Non-Classified |
| 3 | UNITED STATES TREASURY BOND 1.125% 05/15/2040 | 6.42% | Bonds | United Kingdom |
| 4 | GERMANY FEDERAL REPUBLIC OF 2.9% 06/18/2026 REGS | 6.38% | Non-Classified | Non-Classified |
| 5 | UST NOTES 1.5% 08/15/2026 | 5.30% | Bonds | United States |
| 6 | UST NOTES 0.75% 01/31/2028 | 4.03% | Non-Classified | Non-Classified |
| 7 | UST NOTES 3.5% 09/15/2025 | 3.65% | Bonds | Germany |
| 8 | UST NOTES 2.75% 08/31/2025 | 2.89% | Non-Classified | Non-Classified |
| 9 | INDONESIA REPUBLIC OF 4.75% 01/08/2026 REGS | 2.88% | Non-Classified | Non-Classified |
| 10 | UST NOTES 1.875% 07/31/2026 | 2.77% | Non-Classified | Non-Classified |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only.
Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | BCRWZS5 |
| Mex Code | FIAADI |
| Isin Code | GB00BCRWZS59 |
| Citi Code | JP6G |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.60% |
Aims and Benchmark
| Aims | The Fund’s investment objective is to achieve a relatively high income with the possibility of capital growth. The Fund will obtain exposure primarily to sterling-denominated (or hedged back to sterling) fixed interest securities. |
| Benchmark | Bloomberg Global Aggregate Bond Index Hedged to GBP (Total Return) |
| Benchmark Category | - |
| IA Sector | £ Strategic Bond |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £0.25 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Monthly |
| Distribution Type | Interest |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 January | 25 January |
| 01 February | 25 February |
| 01 March | 25 March |
| 01 April | 25 April |
| 01 May | 25 May |
| 01 June | 25 June |
| 01 July | 25 July |
| 01 August | 25 August |
| 01 September | 25 September |
| 01 October | 25 October |
| 01 November | 25 November |
| 01 December | 25 December |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | J.P. Morgan Trustee and Depositary Company Limited |
| Fund Administrator | Internal |
| Fund Registrar | Internal |
| Fund Custodian | J.P. Morgan Trustee and Depositary Company Limited |
Group Details
| Group name | Fidelity International (Onshore) |
| Group address | Oakhill House 130 Tonbridge Road Hildenborougha Kent TN11 9DZ |
| Group telephone | 0800 41 41 81 |
| Dealing telephone | 0800 41 41 81 |
| brokerline@uk.fid-intl.com | |
| Homepage | www.fidelity.co.uk |
| Fax number | 0800 783 9646 |
Dealing
| Minimum Investment | £1000 |
| Minimum Top Up | £250 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 2 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -1.03 |
| Beta | 1.17 |
| Sharpe | 0.00 |
| Standard Deviation | 8.35 |
| Info Ratio | -0.56 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | Yes |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | No |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | Yes |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | Yes |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | Yes |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
High Yield Bonds
The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Derivative Exposure
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
Umbrella Liabilities
If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.
Solvency of Bond Issuers
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.