Fidelity Funds - Flexible Bond Fund A-GBP


Buy/Sell Price  (as of 23/09/2016) £0.346   Day Change :  0.00%     Fund Code:  SBD 

Important documents Before investing please ensure that you have read the Fidelity Key Features Document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found by clicking on the 'Important documents' link.

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Biography

Ian has more than 30 years of investment experience, making him one of the most experienced managers in the industry. He joined Fidelity in 1995. Prior to joining us, Ian worked at Legal & General, Sedgwick Forbes and at Duncan C Fraser. His most recent accolade was being awarded the OBSR Outstanding Investor honour. Ian holds an MSc in Mathematical Statistics from the University of Sussex and a BSc in Pure & Applied Mathematics from the University College of North Wales. He is a Fellow of the Institute of Actuaries. Ian manages the Fidelity MoneyBuilder Income, Strategic Bond and Extra Income Funds.

Biography

Tim Foster is a Portfolio Manager within Fidelity's London-based fixed income team. He manages over $10bn of money market and short term bond funds. These include 4 classes of the Fidelity Institutional Liquidity Fund (US Dollars, Euros, Sterling and Canadian Dollars), Fidelity Funds US Dollar Cash Fund, Fidelity Funds Euro Cash Fund, Fidelity Funds Sterling Cash Fund, Fidelity Funds Australian Dollar Cash Fund, FFII US Dollar Currency Fund, Fidelity Gross Accumulating Cash Fund, Cash Unit Trust and Cash ISA Unit Trust. Tim joined Fidelity in 2003 as a Quantitative Analyst and progressed to become a Portfolio Manager in 2007. Tim has a BA, MSci in Natural Sciences from Cambridge University and is a CFA charter holder. He also has a Certificate in Quantitative Finance.
Investment HouseFidelity
Fund ProviderFidelity (FIL Inv Mgmt (Lux) S.A.)
ManagerIan Spreadbury   Biography
ManagerTimothy Foster   Biography

Fund Objective The fund aims to achieve income and capital growth by primarily investing in a broad range of fixed income instruments of issuers globally either denominated in Sterling or other currencies. Exposure to non-Sterling denominated debt securities will be largely hedged back to Sterling. The fund may also invest in UCITS and UCIs. Portfolio information: The manager is not restricted in his choice of investments either by region or country, market sector or industry, and will choose investments largely determined by the availability of attractive investment opportunities. The fund may invest up to 50% of its assets in high-yielding, lower quality instruments which will not be required to meet minimum rating standards and may not be rated for creditworthiness by any internationally recognised rating agency.

Key Statistics

Fund Status
Fund TypeOFFSHORE
ISINLU0048620586
12-Month NAV High £0.35
12-Month NAV Low £0.31
Fund Comparative IndexBofAML GBP Large Capital TR USD
Morningstar CategoryTMGBP Diversified Bond
Dividend FrequencyQuarterly
Distribution Yield3.67%
Underlying Yield4.36%

Annual Charges

Morningstar ratings

 as of  31/08/2016
Overall3 star
3 Years2 star
5 Years2 star
10 Years3 star

Growth of £1000 Help

 as of  23/09/2016

Past Performance (%) Help

as of 

This Fund

     
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Fund versus Morningstar Category

     
1.60-2.330.091.121.44
Important Information

The value of the fund and the income from it can go down as well as up so you may get back less than you invested. If your fund invests in overseas markets, changes in currency exchange rates may affect the value of your investment. If your fund invests in small and emerging markets, these can be more volatile than other more developed markets. Past performance is not a guide to future returns.
For funds that invest in bonds, please be aware that the price of bonds is influenced by movements in interest rates, changes in the credit rating of bond issuers, and other factors such as inflation and market dynamics. In general, as interest rates rise the price of a bond will fall. The risk of default is based on the issuer's ability to make interest payments and to repay the loan at maturity. Default risk may therefore vary between different government issuers as well as between different corporate issuers.

 Some of the performance and risk data presented may start before the share class was launched. If so, the data prior to the launch date of the share class is based on the fund or share class that has similar or higher charges, in order to provide an indication of longer term performance and risk. Please refer to the launch date and performance start date in the fund factsheet to determine whether the data has been extended.Past Performance and Risk & Volatility figures are presented in British Pounds Sterling (GBP). Fund returns are calculated on a Nav to Nav or Bid to Bid basis with income reinvested either after tax (for UK-domiciled funds) or gross of tax (for offshore funds). Performance figures include the effect of the OCF/TER. To cover distribution costs a separate service fee is now also charged on most funds, which is not included in the past performance figures. Consequently the past performance of the fund may be less than that shown on the chart due to the effect of the service fee.

The investment policy of this fund means it can be more than 35% invested in Government and public securities.  These can be issued or guaranteed by other countries and Governments.  For a full list please refer to the fund's prospectus.

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