MI Momentum Factor 3 A Accumulation shares

Buy/Sell Price  (as of 21/10/2016) £1.2465   Day Change :  0.18%     Fund Code:  MOMDA 

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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Michael has overall responsibility for the investment function at Momentum Global Investment Management across the equity, fixed interest and fund of hedge funds teams. Joining Momentum Global lnvestment Management in July 2003 he was previously a research analyst covering government, corporate credit and emerging debt markets. Michael spent five years as a research analyst and portfolio manager at Ansbacher and the Momentum Group. Mike has a BSc in Actuarial Science from the University of Cape Town.
Investment HouseMomentum
Fund ProviderMomentum Global Investment Mgmt Ltd
ManagerMichael Allen   Biography

Fund Objective The Fund aims to grow your investment over the medium to long term by gaining exposure to a mix of assets around the world. The Fund adopts a defensive approach to risk. This means it invests significantly in assets such as cash and bonds, which generally offer lower risk, and therefore lower likely returns compared to investing in shares. The Fund will target a risk rating factor 3 as determined by an independent agency that provides such ratings. Please note that the method used in the calculation of this rating is different from, and unrelated to, that used for the risk ranking that appears in the 'Risk and reward profile' column on the right. Details of the method used by the independent agency can be found in the prospectus. Bonds are like loans that pay a fixed or variable rate of interest issued by companies and governments. The Fund invests globally in a range of other investment funds.

Key Statistics

Fund Status
Fund TypeOEIC
12-Month NAV High £1.25
12-Month NAV Low £1.07
Fund Comparative IndexICE LIBOR 3 Month GBP
Morningstar CategoryTMGBP Moderate Allocation
Dividend FrequencyTwice Yearly
Historic Yield0.70%

Annual Charges

Morningstar ratings

 as of  30/09/2016
Overall3 star
3 Years3 star
5 YearsN/A
10 YearsN/A

Growth of £1000 Help

 as of  21/10/2016

Past Performance (%) Help

as of 

This Fund


Fund versus Morningstar Category

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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