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Fidelity Multi Asset Open Defensive Fund N-Accumulation

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider Fidelity
Fund Summary This Fund targets an average annual return of 4% after the deduction of ongoing fund charges, over a typical market cycle of 5-7 years. The return target assumes the deduction of the ongoing charges figure (OCF) on the Y share class. There is no guarantee that the target will be achieved by the Fund. The Fund typically has a large exposure to lower risk investments with the aim of mitigating the risk of capital losses; however, an investor may not get back the full amount invested. The Fund provides global exposure to a diversified range of assets by primarily investing in funds. The Fund typically invests more than 65% in sub-funds of an Irish UCITS fund (Fidelity Common Contractual Fund II) operated by Fidelity which subsequently utilise the experience and specialisms of a number of investment managers (which may include Fidelity) to manage the underlying assets. The Fund can also invest directly into other collective investment schemes (including schemes operated by Fidelity), transferable securities, money market instruments, cash and deposits, and is also able to use derivatives for efficient portfolio management and investment purposes. Asset allocation exposure of the Fund will be actively managed subject to it remaining within the following parameters in all market conditions: 0-35% equity, 15-100% debt instruments (which may include high yield and emerging market debt), 0-30% cash and 0-30% alternatives (such as infrastructure securities and Real Estate Investment Trusts).
SEDOL code BC7GXK5
ISIN GB00BC7GXK56
Fund code NMODA
Managers Bill McQuaker, James Bateman
Manager Tenure 2 years
Morningstar Category Currently unavailable
IMA Sector Mixed Investment 0-35% Shares
Fund Size £61 million
Fund Type OEIC
Management Style Active
Total Expense Ratio (TER) 1%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £1.278
Buy Price £1.278
Price Change +0.4717%
Price Date 21st June 2019
Yield Currently unavailable
Dividend Frequency Yearly
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 24th July 2013
Fund Status OPEN
Bill joined Fidelity Multi Asset in October 2016. He has three decades of investment experience, joining Fidelity from Henderson Global Investors, where he was Head of Multi Asset. Before this, Bill worked at Credit Suisse, where he held roles in European equity strategy and quantitative research. Over his extensive career, Bill has developed a rigorous and disciplined investment approach. He has a deep understanding of asset class behaviour, and substantial experience in managing multi asset investment strategies to deliver specific outcomes for clients. Bill graduated from Edinburgh University in 1985, with a BComm degree in Business.

3-year Mean Monthly Return: 0.387%

Annual Returns 2018 2017 2016 2015 2014
Fund Performance +5.17% -1.91% +11.49% -1.73% +9.25%
Benchmark Performance
+3.73% -1.19% +8.90% -0.33% +7.75%
Time Period Cumulative Benchmark Performance
Fund Compared to Benchmark
1 day 0.47% -0.02% +0.49%
1 week 1.03% +0.78% +0.25%
1 month 2.73% +1.46% +1.27%
3 months 3.06% +2.60% +0.47%
6 months 6.77% +4.66% +2.10%
1 year 4.41% +2.04% +2.37%
3 years 17.03% +13.11% +3.92%
5 years 25.17% +20.35% +4.83%
10 years Currently unavailable +74.58% Currently unavailable
YTD 6.41% +5.82% +0.59%
Since inception 27.80% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
Fidelity Global Aggregate Bond I GBP Acc IRL 34.28%
Fidelity UK Equity I GBP Acc IRL 11.94%
Fid Ilf Gbp Fund C Acc IRL 11.93%
Fidelity Global Sub-IG Fixed Inc IGBPAcc IRL 8.66%
Fidelity Alternative Listed Eq I GBP Acc IRL 4.27%
Fidelity North America Equity I USD Acc IRL 4.06%
Fidelity Europe ex-UK Equity I EUR Acc IRL 3.67%
iShares Physical Gold ETC IRL 3.35%
Fidelity Asia Pacific ex-Jpn Eq I USDAcc IRL 2.88%
Fidelity Global Emerging Mkt Eq IUSDAcc IRL 2.52%
Dividend Date Per share amount Reinvestment Price
1st November 2018 0.0149 £1.2020
1st November 2017 0.0127 £1.2200
1st November 2016 0.0130 £1.1860
2nd November 2015 0.0122 £1.0580
3rd November 2014 0.0169 £1.0460