Fidelity Funds - Global Corporate Bond Fund Y-ACC-USD


Buy/Sell Price  (as of 23/09/2016) $12.55   Day Change :  -0.08%     Fund Code:  YGCU 

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

Biography

Peter Khan joined Fidelity in 2000 as a Trader and was promoted to Head of Trading in 2003. In 2009 Peter became a Portfolio Manager and has been responsible for a number of global fixed income portfolios, including Fidelitys Global High Yield and Global Income funds. Prior to Fidelity, he was with Bayerische Hypo-und-Vereinsbank as the Head of Trading of the London Eurobond desk. He holds an MBA (Finance and International Business) from Stern School of Business, New York University and an A.B. in History from the College of Letters and Sciences, University of California.
Investment HouseFidelity
Fund ProviderFidelity (FIL Inv Mgmt (Lux) S.A.)
ManagerKristian Atkinson  
ManagerPeter Khan   Biography

Fund Objective Aims to provide income and capital growth. At least 70% invested in global investment grade corporate bonds. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments may be made in bonds issued in currencies other than the fund's reference currency. Exposure to currencies may be hedged, for example with currency forward contracts. The reference currency is the currency used for reporting and may be different from the dealing currency. Can invest in bonds issued by governments, companies and other bodies. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to withdraw their money within 5 years. Investment in the fund should be regarded as a long-term investment.

Key Statistics

Fund Status
Fund TypeOFFSHORE
ISINLU0532244406
12-Month NAV High $12.63
12-Month NAV Low $11.54
Fund Comparative IndexBarclays Global Aggregate Corporate TR USD
Morningstar CategoryTMGlobal Corporate Bond
Dividend FrequencyYearly

Annual Charges

Morningstar ratings

 as of  31/08/2016
Overall4 star
3 Years4 star
5 Years4 star
10 YearsN/A

Growth of £1000 Help

 as of  23/09/2016

Past Performance (%) Help

as of 

This Fund

     
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Fund versus Morningstar Category

     
0.40-0.291.540.010.23
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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