Fidelity Multi Asset Open Defensive Fund N-Accumulation Gross


Buy/Sell Price  (as of 28/09/2016) £1.182   Day Change :  -0.17%     Fund Code:  NMODG 

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

Eugene Philalithis joined Fidelity in 2007 as a Portfolio Manager, with a focus on fixed income and alternatives. Eugene manages a number of multi asset funds with internal and open architecture for both retail and institutional clients. He has currently 17 years of investment experience which includes Russell Investment in London and Canadian Imperial Bank of Commerce in Singapore. Eugene has a Bachelor or Engineering and an MBA, both from Imperial College, London.
Investment HouseFidelity
Fund ProviderFidelity (FIL Investment SVCS (UK) Ltd)
ManagerJames Bateman  
ManagerEugene Philalithis   Biography

Fund Objective The Fund aims to provide long term capital growth from exposure to global markets in mostly bonds and cash and it may also have exposure to equities, property and commodities. The Fund will invest in collective investment schemes including those managed by Fidelity and may also invest in transferable securities, money market instruments, cash and deposits. Derivatives and forward transactions may also be used for investment purposes. NB: It is anticipated that as an "open" fund, investment shall be made in both funds managed by third party fund providers and funds managed by Fidelity and in such proportions as the investment manager may decide in pursuit of the investment strategy.

Key Statistics

Fund Status
Fund TypeOEIC
ISINGB00BC7GXJ42
12-Month NAV High £1.19
12-Month NAV Low £1.04
Fund Comparative IndexBofAML Sterling Large Capital TR GBP (50) GBP 1 week LIBID (25) Bloomberg Commodity TR GBP (5) FTSE EPRA/NAREIT Developed NR GBP (5) FTSE AllSh TR GBP (5) MSCI ACWI NR USD (10)
Morningstar CategoryTMGBP Cautious Allocation
Dividend FrequencyYearly
Historic Yield -

Annual Charges

Morningstar ratings

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

Growth of £1000 Help

 as of  28/09/2016

Past Performance (%) Help

as of 

This Fund

     
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Fund versus Morningstar Category

     
---0.461.46
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.

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