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.
|Fund Provider||Schroder Unit Trusts Limited|
|Manager||Iain Cunningham Biography|
|Manager||Aymeric Forest Biography|
Fund Objective The Fund aims to provide income and capital growth over the medium to long term by investing in equity and equity related securities, fixed and floating rate securities and alternative assets worldwide. The Fund aims to provide investors with an annual distribution payment of between 4% and 6% but this cannot be guaranteed and your capital is at risk. The Fund invests at least 80% of its assets (directly or indirectly through derivatives) in equity and equity related securities; fixed or floating rate securities issued by governments, government agencies, supra-national or corporate issuers; and alternative asset classes (including hedge fund strategies, commodities and real estate) indirectly through exchange traded funds or real estate investment trusts. As the Fund is index-unconstrained it is managed without reference to an index. The Fund may invest up to 60% of its assets in fixed or floating rate securities rated as BB+ or lower by Standard & Poors, or an equivalent rating by another rating agency. The Fund may invest up to 10% of its assets in fixed and floating rate securities rated as CCC or lower, by Standard & Poors or an equivalent rating by another rating agency, or in unrated securities. The Fund may invest up to 10% of its assets in collective investment schemes. The Fund may hold up to 20% of its assets in cash, deposits and money market instruments. The Fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the Fund more efficiently. The Fund may use leverage and take short positions.
|Fund Type||UNIT TRUST|
|12-Month NAV High||£0.46|
|12-Month NAV Low||£0.44|
|Fund Comparative Index||-|
|Morningstar CategoryTM||GBP Moderate Allocation|
One or more funds cannot be shown as they have less than one year of performance data.
Fund versus Morningstar Category
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.