| Morningstar Fund Report | 14/04/2025 |  |
Fidelity Strategic Bond Fund Fund W Income |
| Performance History | 31/03/2025 |
| Growth of 1,000 (GBP) | Advanced Graph |
 | Fund | -1.0 | -15.7 | 7.7 | 3.5 | 1.0 |
| +/-Cat | -1.0 | -6.8 | 0.6 | -1.1 | -0.7 |
| +/-B’mrk | 0.9 | -2.2 | 1.9 | 0.7 | -0.2 |
| Category: Global Flexible Bond - GBP Hedged | ||||||
| Category Benchmark: Morningstar Gbl Core Bd GR ... | ||||||
| Key Stats | ||
| NAV 11/04/2025 | GBX 107.90 | |
| Day Change | -0.46% | |
| Morningstar Category™ | Global Flexible Bond - GBP Hedged | |
| IA (formerly IMA) Sector | £ Strategic Bond | |
| ISIN | GB00B469J896 | |
| Fund Size (Mil) 11/04/2025 | GBP 271.97 | |
| Share Class Size (Mil) 11/04/2025 | GBP 135.47 | |
| Max Initial Charge | - | |
| Ongoing Charge 03/01/2025 | 0.62% | |
| Morningstar Research |
| Analyst Report | 19/09/2024 Giovanni Cafaro, Analyst Morningstar, Inc |
Despite the current manager lineup on Fidelity Strategic Bond still being in its early days compared with established peers, it has a strong and stable investment process providing a balanced portfolio for flexible fixed-income investors. The... | |
| Click here to read this analyst report on the underlying fund. | |
| Morningstar Pillars | |
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| People | 23 |
| Parent | 24 |
| Process | 24 |
| Performance | |
| Price | |
| Investment Objective: Fidelity Strategic Bond Fund Fund W Income |
| The Fund aims to deliver an income with the potential to increase the value of investor's investment. The Fund will be at least 70% exposed to sterling-denominated (or hedged back to sterling) global debt instruments, which may include (but are not limited to) government bonds, inflation-linked bonds, investment grade and high yield corporate bonds, which could include investment in countries considered as emerging markets as determined by the Investment Manager at its sole discretion. The Fund is actively managed without reference to a benchmark. |
| Returns | ||||||||||||||||
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| Management | ||
Manager Name Start Date | ||
Mike Riddell 01/12/2024 | ||
Timothy Foster 01/04/2017 | ||
| Click here to see others | ||
Inception Date 05/10/2009 | ||
| Category Benchmark | |
| Fund Benchmark | Morningstar Benchmark |
| Bloomberg Global Aggregate TR Hdg GBP | Morningstar Gbl Core Bd GR Hdg GBP |
| Portfolio Profile for Fidelity Strategic Bond Fund Fund W Income | 28/02/2025 |
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| Growth Of 1000 (GBP) | 31/03/2025 |
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| Annual Returns (GBP) | 31/03/2025 | |||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 31/03 | |
| Price Return | -3.43 | 10.20 | 7.80 | -0.97 | -15.70 | 7.71 | 3.53 | 0.97 |
| +/- Category | -0.58 | 2.09 | 2.57 | -0.98 | -6.83 | 0.61 | -1.07 | -0.70 |
| +/- Category Index | -3.65 | 3.89 | 2.61 | 0.86 | -2.24 | 1.93 | 0.73 | -0.24 |
| % Rank in Category | 65 | 26 | 19 | 79 | 89 | 47 | 73 | 88 |
| Trailing Returns (GBP) | 11/04/2025 | ||
| Total Returns | +/- Category | +/- Category Index | |
| 1 Day | -0.46 | -0.26 | -0.37 |
| 1 Week | -2.26 | -0.77 | -0.81 |
| 1 Month | -0.23 | 0.97 | -0.32 |
| 3 Months | 1.26 | 0.42 | -0.35 |
| 6 Months | 0.12 | -0.13 | -0.45 |
| YTD | 0.37 | -0.03 | -0.35 |
| 1 Year | 4.38 | -0.38 | -0.67 |
| 3 Years Annualised | 0.54 | -1.40 | -0.16 |
| 5 Years Annualised | 0.84 | -1.50 | 1.63 |
| 10 Years Annualised | 1.21 | -0.64 | 0.30 |
| Category: Global Flexible Bond - GBP Hedged | |||
| Category Index: Morningstar Gbl Core Bd GR Hdg GBP | |||
| Quarterly Returns (GBP) | 31/03/2025 | |||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
| 2025 | 0.97 | - | - | - |
| 2024 | 0.71 | 0.14 | 3.93 | -1.22 |
| 2023 | 1.85 | -0.91 | -0.84 | 7.62 |
| 2022 | -5.90 | -9.08 | -5.15 | 3.89 |
| 2021 | -1.93 | 1.93 | 0.06 | -0.99 |
| 2020 | -4.78 | 7.33 | 2.24 | 3.17 |
| Morningstar Rating™(Relative to Category) | 31/03/2025 | ||||||||||||||||||||
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| Category : Global Flexible Bond - GBP Hedged | Click here to see our Methodology | ||||||||||||||||||||
| Volatility Measurements | 31/03/2025 | ||||||||||
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| Modern Portfolio Statistics | 31/03/2025 | 31/03/2025 |
| Standard Index | Best Fit Index | |
| Morningstar Gbl Core Bd GR Hdg GBP | Morningstar Gbl Corp Bd GR Hdg GBP | |
| 3-Yr Beta | 1.22 | 0.96 |
| 3-Yr Alpha | 1.04 | -0.72 |
| Fixed Income Style | 28/02/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Asset Allocation | 28/02/2025 |
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| Top 10 Holdings | 28/02/2025 |
| Portfolio NEW | |
| Total Number of Equity Holdings | 1 |
| Total Number of Bond Holdings | 101 |
| Assets in Top 10 Holdings | 77.40 |
| Name | Sector | Country | % of Assets | ||
 5 Year Treasury Note Future June 25 |  | United States | 16.53 | ||
| Long Gilt Future June 25 | | United Kingdom | 12.35 | ||
| 10 Year Australian Treasury Bond Futu...
| | Australia | 9.80 | ||
| United States Treasury Notes 4.125% | | United States | 7.79 | ||
| United States Treasury Notes 4.25% | | United States | 7.05 | ||
| Germany (Federal Republic Of) 0.1% | | Germany | 6.13 | ||
| United States Treasury Bonds 4.5% | | United States | 4.89 | ||
| United Kingdom of Great Britain and N...
| | United Kingdom | 4.56 | ||
 United Kingdom of Great Britain and N...
| | United Kingdom | 4.20 | ||
| Kreditanstalt Fuer Wiederaufbau 0% | | Germany | 4.10 | ||
Increase Decrease  New since last portfolio | |||||
| Category: Global Flexible Bond - GBP Hedged | |||||
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| Biography | |
| Mike Riddell joined Fidelity in July 2024 and is the Lead Portfolio Manager for Fidelity’s Strategic and Total Return Fixed Income range. He works closely with Co-PMs Tim Foster and Ravin Seeneevassen, supported further by the wider Fidelity Fixed Income team using a team-based investment approach. Prior to Fidelity, Mike was a senior portfolio manager at AllianzGI, after joining in 2015. At AllianzGI, Mike was the head of the Macro Unconstrained Fixed Income Team and was the Lead Portfolio Manager for the Strategic Bond Funds. In addition, Mike was the Lead Portfolio Manager for the Allianz Index-Linked Gilt and Allianz Gilt Yield funds. Prior to AllianzGI, Mike worked at M&G in London for 12 years, during which the latter half was as a fixed income portfolio manager. There, he was the lead manager of the M&G Index Linked Bond Fund, Global Government Bond Fund and Gilt and Fixed Interest Income Fund. Mike was also the deputy fund manager for M&G’s Global Macro Bond Fund. Before M&G, Mike worked at Premier Asset Management. Mike graduated from Birmingham University in 2001 with a BSc (Hons) in Money, Banking and Finance. |
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| Fund Manager | Timothy Foster |
| Manager Start Date | 01/04/2017 |
| Education |
| Cambridge University, B.A. |
| Cambridge University, M.S. |
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| Biography | |
| Tim Foster is a Portfolio Manager of Fidelity’s money market, inflation-linked and total return bond disciplines. Tim joined Fidelity in 2003 as a Quantitative Analyst and became a Portfolio Manager in 2007. Tim is the Lead Portfolio Manager for Fidelity’s money market funds and Co Portfolio Manager on Fidelity’s inflation-linked and strategic bond funds. Tim is therefore a key member of both Fidelity’s Money Market & Short Dated and Total Return & Unconstrained strategy teams. 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. |
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| Fund Manager | Ravin Seeneevassen |
| Manager Start Date | 01/02/2025 |
| Education |
| University of Oxford, M.S. |
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| Biography | |
| Ravin Seeneevassen is a Portfolio Manager of Fidelity’s inflation-linked, total return bond and money market disciplines. Ravin is the Lead Portfolio Manager for Fidelity’s inflation-linked and absolute return funds and Co Portfolio Manager on Fidelity’s strategic bond and money market funds. Ravin is therefore a key member of both Fidelity’s Money Market & Short Dated and Total Return & Unconstrained strategy teams. Ravin joined Fidelity in November 2024 with extensive experience in unconstrained fixed income strategies, having previously been a portfolio manager in Allianz Global Investors’ Macro Unconstrained Fixed Income team. Ravin has an MEng in Engineering, Economics & Management from Oxford University and an MSc in Machine Learning from the University of London. He also holds the Investment Management Certificate (IMC). |
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