Fidelity Multi Asset Allocator Growth W

International fund of funds with around half the portfolio in equities.

  • 183.00p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.25%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.25%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 1.30%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 15 January 2021

Fund summary

Sector Mixed Investment 40-85% Shares
Structure OEIC
Launched March, 2013
Size £354m
Yield 1.30%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.25%
Ongoing charges figure 0.25%

Allocation

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Investment process

The fund aims to provide long term growth by investing primarily through other regulated collective investment schemes, including schemes managed by Fidelity in order to obtain a global exposure to mostly equities, commodities, and property. The fund may also invest directly in other transferable securities, money market instruments, cash and deposits. Derivatives and forward transactions may also be used for investment purposes.

Manager research

Average monthly relative returns

  • 16/17 -0.26%
  • 17/18 -0.38%
  • 18/19 0.10%
  • 19/20 -0.15%
  • 20/21 0.39%

Bestinvest MRI

  • 3 years 0.11%
  • 5 years -0.06%
  • Career -0.05%
  • 3 years 87.70%
  • 5 years 53.20%
  • Career 60.30%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Nick Peters / Kevin O’Nolan

Track record

Nick Peters / Kevin O’nolan has 5.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.05%. During the worst period of relative performance (from March 2015 - September 2019) there was a decline of 11% relative to the index. The worst absolute loss has been 7%.

Periods of worst performance

Absolute -7.00% (January 2020 - March 2020)
Relative -11.00% (March 2015 - September 2019)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 30 November 2019

30.6159% Fidelity Index World Fund F Accumulation Shares
13.7781% Hsbc Global Funds Icav - Global Government Bond Index Fund
9.6818% Ishares Global Govt Bond Ucits Etf Gbp Hedged (Dist)
8.8139% Ishares Overseas Corporate Bond Tracker Fund L Gbp
6.4292% Ishares Global Corp Gbp-H D
5.8979% Fidelity Index Emerging Markets F Acc
5.024% Blackrock Glb Prop Sec Eqt Fnd
4.9492% Ishares Core Msci World Ucits Etf Usd Acc (Gbp)
4.5004% L&G Global Small Cap Equity Index C Gbp Acc
4.2978% Fidelity Index Us Fund F Accumulation Shares
Source: Trustnet

Sector breakdown

Others 60.00%
Mutual Funds 39.00%
Money Market 1.00%

Key Investor Information

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