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FIDELITY STRATEGIC BOND GROSS Y - Fund overview

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Overview of FIDELITY STRATEGIC BOND GROSS Y

This fund is the managers most flexible mandate in terms of asset allocation; it may be fully invested in gilts, corporate bonds or upto 50% high yield. The mandate enables the manager use fixed income derivative instruments to express credit and interest rate views. We would place Ian Spreadbury as being amongst the more consistent and more conservative fixed income managers across his peer group.

Standard Initial Charge

0.00% 

Fund summary

Sector  £ Strategic Bond
Product type  OEIC
Launched  October, 2009
Size  £535m
Yield 4.4%
Charging basis  –
Dividends paid  –
Bid price 110.10p

Fund Charges

Standard Initial charge 0.00%
Initial charge via Bestinvest
Additional bid/offer spread 0.00%
Annual management charge 0.50%
Total expense ratio 0.50%
Reduction in yield (10yr) 0.50%

Bestinvest says


No information available.

Portfolio

fidelity strategic bond gross y asset allocation illustration
Allocation Proportion
Equity
High yield bonds 19%
Quality bonds 71%
Property
Commodities
Hedge
Fund cash 10%

No data available.

No data available.

Investment process


The fund's objective is to achieve a relatively high income with the possibility of capital growth from a portfolio of government, corporate and high yield bonds. The fund may also invest in foreign currency denominated bonds which will invariably be hedged back into sterling. The asset allocation is derived from a cross cycle optimal allocation which is subsequently adjusted to reflect spread reversion potential and market drivers. Active management of duration relative to the benchmark (ML £ Large Cap Index) will assume low importance and is primarily a function of asset allocation, credit and sector selection. Interest rate decisions may be played out across sterling, dollar and euro yield curves.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

Bestinvest (Brokers) Ltd & Bestinvest (Consultants) Ltd are authorised and regulated by the Financial Services Authority. This site is for UK Investors only

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