Factsheet: Fidelity MltAsst Income Y Acc

Mixed Asset 0-40% Equity

Rated Fund 2017-2018. Uses research-driven approach

This fund aims to generate a natural and sustainable income by investing in a broad range of assets to help diversify risk and preserve investors' capital. This is achieved mainly through investment in other Fidelity funds. The fund yields 4.0 per cent and pays income annually.Launched in 2007, it is co-managed by Eugene Philalithis, Nick Peters and George Efstathopoulos, who came on board in 2012, 2014 and 2016 respectively. They believe the best composition for a multi-asset income fund is a combination of three things: income assets such as bonds and cash; growth assets including shares and property; and hybrid assets with the potential for growth and income, such as high-yield bonds and alternative investments.The managers aim to add value through their asset allocation and fund selection. Asset allocation is based on an assessment of the current economic backdrop. The process is research-driven, drawing on information from Fidelity's own quantitative models. Sentiment and technical indicators are used to complement the macroeconomic approach.Fund selection is also research-driven, and they filter the underlying fund managers based on qualitative and quantitative criteria. Qualitative analysis focuses on understanding how the manager's investment process works, considering factors such as investment philosophy, stock selection process, portfolio construction and risk controls. Quantitative analysis examines where a fund's performance comes from, measuring historical performance factors and conducting holdings-based analysis.Although most of the funds are in-house and actively managed, they can also include external specialist funds and exchange traded funds. The fund has ongoing charges of 1.13 per cent.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
Fidelity MltAsst Income Y Acc
Manager
Fidelity (FIL Investment SVCS (UK) Ltd)
Type
Open Ended Investment Company
ISIN
GB00BGFBMY77
Sector
Mixed Investment 0-35% Shares
Launched
10/12/2013
OCF
1.14 %
Risk Rating
4
3 Year Sharpe
0.87
Yield
3.3 %
Benchmark
ICE BofAML Sterling Brd Mkt TR GBP
The Fund aims to achieve an income yield that is typically within a range of 4-6% per annum. The Fund invests primarily in funds (including funds managed by Fidelity) which provide global exposure to a mixture of asset classes. The Fund can also invest directly into 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: 20-100% income assets (such as bonds and cash) and 0-65% growth assets (such as equities, infrastructure securities and property securities). The Fund’s asset allocation can be adjusted within the ranges in order to preserve capital or to take advantage of market opportunities.
Holding %
Fidelity MoneyBuilder Income 9.22 %
Fidelity Extra Income Net Y 8.28 %
Fidelity US High Yield A-MD-USD 6.19 %
Fidelity Global Enhanced Income W Mlthly 6.06 %
Fidelity Enhanced Income W Inc Monthly 6.02 %
Fidelity Instl UK Aggt Bd (Grs) Acc 5.44 %
Fidelity Global Hybrids Bond Y-Dis-USD 5.06 %
Fidelity Global Dividend W Inc Mlthly 4.82 %
Fidelity Em Mkt Lcl Ccy Dbt A-MD-EUR 2.69 %
Fidelity Global Qual Inc ETF Inc 2.64 %
Region %
United Kingdom 28.36 %
United States 27.22 %
Eurozone 26.83 %
Europe - ex Euro 6.87 %
Sector %
Financial Services 28.30 %
Consumer Defensive 12.17 %
Healthcare 10.97 %
Energy 10.75 %
Technology 8.15 %
Consumer Cyclical 7.67 %
Industrials 7.29 %
Utilities 7.10 %
Name
Fidelity (FIL Investment SVCS (UK) Ltd)
Address
TN11 9DZ, Hildenborough Kent, United Kingdom
UCITS
No
Legal Structure
Open Ended Investment Company

Managers

Chris Forgan
Joined 03/30/2018

Chris Forgan is a Portfolio Manager at Fidelity Multi Asset. Chris has 20 years of investment experience and joined Fidelity in 2017. Prior to joining Fidelity, Chris was a Portfolio Manager at Henderson Global Investors, in their Multi Asset team focusing on their income fund range. Previously Chris worked as an analyst at Henderson Global Investors, a senior performance analyst at First State Investments and began his career on the trading floor at Deutsche Morgan Grenfell. Chris has an BA (Hons) Marketing Administration from the University of Northumbria.

Eugene Philalithis
Joined 04/30/2013

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.

Data provided by Morningstar.

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