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Fidelity Funds - Flexible Bond Fund Y-USD (USD/GBP hedged)

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider Fidelity (FIL Inv Mgmt (Lux) S.A.)
Fund Summary The fund aims to achieve income and capital growth by primarily investing in a broad range of fixed income instruments of issuers globally, including those located, listed or exposed to emerging markets, either denominated in Sterling or other currencies. Emerging market debt may include investments within, although not limited to, Latin America, Asia, Africa, Eastern Europe (including Russia) and the Middle East. Exposure to non-Sterling denominated debt securities will be largely hedged back to Sterling. The fund may make use of financial derivative instruments for investment purposes or use complex financial derivative instruments or strategies to meet the investment objectives of the fund with a level of risk which is consistent with the risk profile of the fund. Financial derivative instruments may be used to create economic exposure to the underlying asset, this may include futures, forwards, options, and swaps. The fund will use (i) index, basket or single credit default and total return swaps to gain exposure or reduce credit risk of issuers, (ii) interest rate futures, swaps or options to actively manage the level of interest rate risk and (iii) currency derivatives to hedge or gain exposure to currencies. The long and short active currency positions implemented by the fund may not be correlated with the underlying securities positions held by the fund.
ISIN LU1345485764
Fund code YFBUH
Managers Timothy Foster, Claudio Ferrarese
Manager Tenure 1 year
Morningstar Category Global Flexible Bond - USD Hedged
Fund Size £295 million
Fund Type Offshore
Management Style Active
Ongoing Charge Figure (OCF) 0.76%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £11.5900
Buy Price £11.5900
Price Change +0.2596%
Price Date 15th July 2020
Yield Currently unavailable
Dividend Frequency Quarterly
ISA Eligible No
SIPP Eligible No
Inception Date 16th February 2016
Fund Status OPEN
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.

3-year Mean Monthly Return: 0.594%

Annual Returns Currently Unavailable
Benchmark Performance
(Global Flexible Bond - USD Hedged)
Currently Unavailable
Time Period Cumulative Benchmark Performance
(Global Flexible Bond - USD Hedged)
Fund Compared to Benchmark
1 day 0.26% +1.00% -0.74%
1 week 0.43% +1.01% -0.58%
1 month 1.40% +4.73% -3.33%
3 months 4.77% +0.62% +4.15%
6 months 4.48% +2.85% +1.62%
1 year 8.23% +3.23% +5.00%
3 years 5.61% +4.57% +1.04%
5 years Currently unavailable Currently unavailable Currently unavailable
10 years Currently unavailable Currently unavailable Currently unavailable
YTD 5.13% +0.21% +4.93%
Since inception 6.25% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
United States Treasury Notes 2.38% USA 10.41%
10 Year Treasury Note Future Sept 20 USA 7.66%
Ultra 10 Year US Treasury Note Future Sept 20 USA 6.84%
10 Year Japanese Government Bond Future June 20 JPN 4.39%
2 Year Treasury Note Future Sept 20 USA 3.74%
10 Year Australian Treasury Bond Future June 20 AUS 3.46%
United States Treasury Notes 1.5% USA 3.36%
Euro Bund Future June 20 DEU 2.71%
United States Treasury Notes 0.62% USA 2.63%
5 Year Treasury Note Future Sept 20 USA 2.13%
Dividend Date Per share amount Reinvestment Price
1st May 2020 0.0581 £11.1300
3rd February 2020 0.0591 £11.2500
1st November 2019 0.0622 £11.0000
1st August 2019 0.0683 £10.9300
1st May 2019 0.0745 £10.6700
1st February 2019 0.0839 £10.3400