DOCSLIB.ORG

Fidelity Special Values Plc 31 August 2021

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Fidelity Special Values Plc 31 August 2021 ret.en.xx.20210831.GB00BWXC7Y93.pdf FIDELITY INVESTMENT TRUSTS MONTHLY FACTSHEET FIDELITY SPECIAL VALUES PLC 31 AUGUST 2021 Investment Objective Portfolio Manager Commentary To achieve long term capital growth primarily through investment in UK equities recorded a seventh straight monthly gain in August. equities (and their related securities) of UK companies which the Sentiment remained buoyant, propelled by M&A activity, alongside Investment Manager believes to be undervalued or where the expectations for continued earnings strength. potential has not been recognised by the market It is encouraging to see the underlying stock picking coming through despite the recent underperformance of value stocks. This is partly down to the Trust benefiting from a number of M&A bids, Investment Trust Facts the latest being Meggitt, but is also a reflection of improving corporate fundamentals. Launch date: 17.11.94 Portfolio manager: Alex Wright, Jonathan Winton UK equities remain significantly undervalued compared to global 01.09.12, 03.02.20 markets, and reasonably valued in absolute terms on 13x 2022 Appointed to trust: estimates. While the UK market has looked cheap over the past Years at Fidelity: 20, 16 five years, the key differentiator in 2021 is that fundamentals on the Total Net Assets (TNA): £ 954m ground look very good. UK stocks are well positioned not only to Ordinary shares in Issue: 313,028,920 benefit from a recovery from the COVID pandemic, but also from Share price: 308.50p the lifting of the Brexit uncertainty. 304.79p NAV: We remain comfortable with how the portfolio looks from a Premium 1.22% valuations, returns on capital and risk perspective, and continue to Gross Market Gearing: 14.6% see meaningful upside potential for our holdings. Having said that, Net Market Gearing: 14.6% we are also increasingly conscious that equity markets have had a strong run. With this in mind, the Trust’s gearing has come down somewhat so as to leave room to take advantage of potential Performance Comparator pullbacks. Market Index: FTSE All Share Index On a rolling 12-month basis, the Trust recorded NAV and share price returns of 56.2% and 73.8% respectively, compared to 26.9%for the index. The same index is used in the positioning tables on this factsheet. Past performance is not a reliable indicator of future results. The value of investments can go down as well as up and you may get back less than you invested. Cumulative performance in GBP (%) Performance for 12 month periods in GBP (%) Share Price NAV Market Index Performance is shown for the last five years (or since launch for Share Price NAV Market Index funds launched within that period). Performance is shown against a hybrid benchmark as calculated by Fidelity. MSCI Asia Pacific Ex Japan Small Cap Index replaced MSCI Asia Pacific Ex Performance to 31.08.21 in GBP (%) Japan as official benchmark from 1 February 2020. Since 1m 3m YTD 1yr 3yr 5yr 17.11.94* Share Price Cumulative Growth 8.2 4.2 27.7 73.8 20.8 76.5 2,365.0 NAV Cumulative Growth 6.5 4.7 28.6 56.2 21.0 56.7 2,261.4 Index Cumulative Growth 2.7 3.4 14.7 26.9 11.4 33.3 545.3 Share Price Annualised Growth - - - 73.8 6.5 12.0 12.7 NAV Annualised Growth - - - 56.2 6.6 9.4 12.5 Index Annualised Growth - - - 26.9 3.7 5.9 7.2 Basis: bid-bid with income reinvested, in GBP, net of fees. Market indices are sourced from RIMES and other data is sourced from third-party providers such as Morningstar. *Performance commencement date. Key Risks The value of investments can go down as well as up and you may not get back the amount invested. Overseas investments may be more volatile than established markets. The shares in the investment trust are listed on the London Stock Exchange and their price is affected by supply and demand. The investment trust can gain additional exposure to the market, known as gearing, potentially increasing volatility. 1 ret.en.xx.20210831.GB00BWXC7Y93.pdf FIDELITY INVESTMENT TRUSTS MONTHLY FACTSHEET FIDELITY SPECIAL VALUES PLC 31 AUGUST 2021 Equity Exposure % Total Net Assets (% TNA) Market Capitalisation Exposure (% TNA) Exposure GBP Net Index Relative (% TNA) FTSE 100 30.2 78.8 -48.6 Gross Market Exposure 114.6 FTSE 250 39.0 17.8 21.2 Net Equity 114.6 FTSE Smallcap 11.5 3.4 8.1 Other 0.0 Non FTSE 33.9 0.0 33.9 Uninvested Cash 0.0 Total Market Cap Exposure 114.6 100.0 Notes on Portfolio Construction and a description of how data is Other Index / Unclassified 0.0 0.0 calculated and presented are on page 3. Definitions of the terms Total Equity Exposure 114.6 100.0 used in the Equity Exposure table are in the Glossary. Sector/Industry Exposure (% TNA) Country Exposure (% TNA) ICB Industry Net Index Relative Net Index Relative Financials 27.9 22.5 5.4 United Kingdom 92.4 100.0 -7.6 Industrials 26.2 13.3 12.9 Ireland 6.5 0.0 6.5 Consumer Discretionary 24.3 12.4 11.9 France 2.4 0.0 2.4 Health Care 7.7 9.7 -2.1 Switzerland 2.3 0.0 2.3 Energy 6.5 7.2 -0.7 Greece 2.1 0.0 2.1 Telecommunications 5.9 2.2 3.7 Sweden 1.5 0.0 1.5 Consumer Staples 5.1 15.0 -9.9 Australia 1.5 0.0 1.5 Basic Materials 4.2 9.3 -5.1 USA 1.0 0.0 1.0 Real Estate 2.6 3.3 -0.7 Germany 1.0 0.0 1.0 Utilities 2.5 3.0 -0.5 Kazakhstan 0.9 0.0 0.9 Technology 1.0 2.0 -1.1 Others 3.0 0.0 3.0 Total Sector Exposure 113.8 100.0 Total Country Exposure 114.6 100.0 Other Index / Unclassified 0.7 0.0 Other Index / Unclassified 0.0 0.0 Total Equity Exposure 114.6 100.0 Total Equity Exposure 114.6 100.0 Top Net Long Positions (% TNA) ICB Industry Country Net Index Relative LEGAL AND GENERAL GROUP PLC Financials United Kingdom 4.9 0.7 4.2 AVIVA PLC Financials United Kingdom 3.7 0.6 3.0 ROYAL DUTCH SHELL PLC Energy United Kingdom 3.4 4.6 -1.1 INCHCAPE PLC Industrials United Kingdom 3.3 0.1 3.2 AIB GROUP PLC Financials Ireland 2.8 0.0 2.8 HALFORDS GROUP PLC Consumer Discretionary United Kingdom 2.6 0.0 2.6 MITIE GROUP PLC Industrials United Kingdom 2.6 0.0 2.6 SANOFI Health Care France 2.4 0.0 2.4 DCC PLC Industrials United Kingdom 2.4 0.2 2.1 SERCO GROUP PLC Industrials United Kingdom 2.4 0.1 2.3 Top Overweight Positions (% TNA) Top Underweight Positions (% TNA) Net Index Relative Net Index Relative LEGAL AND GENERAL GROUP PLC 4.9 0.7 4.2 ASTRAZENECA PLC 0.0 5.4 -5.4 INCHCAPE PLC 3.3 0.1 3.2 UNILEVER PLC 0.0 4.3 -4.3 AVIVA PLC 3.7 0.6 3.0 DIAGEO PLC 0.0 3.3 -3.3 AIB GROUP PLC 2.8 0.0 2.8 HSBC HOLDINGS PLC 0.0 3.2 -3.2 HALFORDS GROUP PLC 2.6 0.0 2.6 GLAXOSMITHKLINE PLC 0.0 2.9 -2.9 MITIE GROUP PLC 2.6 0.0 2.6 BRITISH AMERICAN TOBACCO PLC 0.0 2.5 -2.5 SANOFI 2.4 0.0 2.4 BP PLC 0.0 2.4 -2.4 SERCO GROUP PLC 2.4 0.1 2.3 RIO TINTO PLC 0.0 2.4 -2.4 ROCHE HOLDING AG 2.3 0.0 2.3 BHP GROUP PLC 0.0 1.9 -1.9 VISTRY GROUP PLC 2.3 0.1 2.2 RELX PLC 0.0 1.7 -1.7 Net Long Positions Concentration (% TNA) Full portfolio listings, with the appropriate time lag as agreed by the Board, are available on request from Fidelity Investment Trusts. Fund Index Top 10 30.5 32.9 Top 20 51.3 47.2 Top 50 88.4 66.7 2 ret.en.xx.20210831.GB00BWXC7Y93.pdf FIDELITY INVESTMENT TRUSTS MONTHLY FACTSHEET FIDELITY SPECIAL VALUES PLC 31 AUGUST 2021 Approach and Style Administrative & Dealing Information There are two key elements to Alex's investment approach: Financial Year End: 31st August Reference currency: UK Sterling (GBP) 1. Downside risk management Company domicile: United Kingdom Alex looks for companies where there is limited downside risk. In Company legal structure: Investment Trust other words, he wants to invest in companies that have Capital guarantee: No exceptionally cheap valuations or some kind of asset that should ISIN: GB00BWXC7Y93 stop their share prices falling below a certain level. This can be SEDOL: BWXC7Y9 anything from inventory to intellectual property. Bloomberg: FSV LN Distribution frequency: Bi Annual 2. Unrecognised growth potential Charges made to income or capital: Income Alex looks for events that could significantly improve a company’s Other Ongoing Costs (including earning power, but are not currently reflected in the company’s AMC/excluding Portfolio transaction costs): 0.97% share price. These include changes in the company’s competitors Portfolio Transaction Costs: 0.10% or market, a new product line or an expansion into new business Annual Management Charge: 0.60% (net) areas. What's more, the trust benefits from in-depth company and valuation analysis, drawing on the extensive Fidelity research platform.
Load more

Recommended publications
  • COVID-19 Proxy Governance Update
    COVID-19 Proxy Governance Update 2020 AGM mid-season review FROM EQUINITI 01 Looking back and planning ahead It is incredible to note that it has been over 12 weeks since the official announcement on 23 March of the UK Government’s Stay at Home Measures, and nearly seven months since the severity of the pandemic became apparent in China. Over the said period, PLC boards, company secretaries and investor relations officers have kept their corporate calendars going thanks to rapid adoption of modified regulatory guidelines and inventive modes of engagement with investors. With annual general meetings being an obvious highlight in the corporate calendar, we take stock of the progress made so far over the 2020 AGM season, as well as using what we learned to plan ahead. Now that we are over the first ‘hump’ with the busy period of May AGMs out of the way, we are readying for the second ‘peak’ of June and July AGMs, and then an ‘easing’ until the second ‘mini’ season in the early autumn. As such, in this update, we look at: • 2020 AGM season statistics…so far • Proxy adviser engagement and ISS recommendations review • High-level assumptions for Q3 and Q4 • Relevant updates from the regulators, industry bodies and proxy advisers • Communications in the COVID-19 world – special commentary by leading financial PR firm,Camarco • How has COVID-19 impacted activism – special commentary by international law firm,White & Case 02 2020 AGM Season Statistics…so far Scope of data To assess progress and forecast what is to come, we look at the key statistics for the UK AGM season 2020 thus far.
    [Show full text]
  • Engineering That Moves the World Highlights of the Year Delivering on Expectations
    Annual Report and Accounts 2016 Engineering that moves the world Highlights of the year Delivering on expectations ◆ Another year of growth delivering earnings ◆ Sharpening the focus through the disposal of Stromag momentum. and a Group-wide fixed cost reduction programme. ◆ Strong performance from Fokker Technologies ◆ Continued investment in technology primarily focused (‘Fokker’) in first full year of ownership. on electrified drivetrains and additive manufacturing. STATUTORY BASIS MANAGEMENT BASIS1 Sales Sales £8,822m 2015: £7,231m £9,414m 201 5: £ 7,6 89m Earnings per share Earnings per share 14.1p 2015: 11.8p 31.0p 201 5: 27.8p Profit before tax Profit before tax £292m 2015: £245m £678m 2015: £603m Management sales Management trading profit £9,414m £773m2 Other Businesses £39m GKN Land Systems £18m GKN Land Systems GKN Powder Metallurgy £118m £704m GKN Aerospace £3,423m GKN Powder GKN Aerospace Metallurgy £339m £1,032m GKN Driveline £323m GKN Driveline £4,216m 1 See page 39 for details on measurement and reporting of performance on a management basis. 2 Including corporate costs and Other Businesses. Contents Strategic report Governance Financial statements 1 Overview 60 Board of Directors 111 Independent auditor’s report 12 Chairman’s statement 62 Chairman’s introduction to governance 118 Group financial statements 14 Our strategic framework 63 Corporate governance 167 Company financial statements 15 Our business model 72 Nominations Committee report 176 Group financial record 16 Key performance indicators 74 Audit & Risk Committee report 19 Chief Executive’s review 81 Directors’ remuneration report Other information 22 Financial review 107 Additional information 178 Shareholder information 24 Divisional reviews 110 Statement of Directors’ responsibilities 24 – GKN Aerospace review Pages 60 to 110 comprise the Directors’ report.
    [Show full text]
  • 2016 Annual Report
    bovishomesgroup.co.uk Bovis Homes Group PLC Annual report and accounts Bovis Homes Group PLC, The Manor House, North Ash Road, New Ash Green, Longfield, Kent DA3 8HQ. www.bovishomesgroup.co.uk 2016 Designed and produced by the Bovis Homes Graphic Design Department. Printed by Tewkesbury Printing Company Limited accredited with ISO 14001 Environmental Certification. Printed using bio inks formulated from sustainable raw materials. Printed on Cocoon 50:50 silk a recycled paper containing 50% recycled waste and 50% virgin fibre and manufactured at a mill certified with ISO 14001 environmental management standard. The pulp used in this product is bleached using an Elemental Chlorine Free process (ECF). When you have finished with this pack please recycle it. Annual report and accounts 2016 Bovis Homes Group PLC When you have finished with this pack please recycle it. Annual report and accounts Strategic report Business overview 4 2 2016 highlights Chairman’s statement A review of our business 4 Chairman’s statement model, strategy and Ian Tyler discusses how the 6 What we do summary financial and Group is well placed for 7 Reasons to invest operational performance the future 10 Housing market overview Our business and strategy 12 Interim Chief Executive’s report 18 Our business model 20 Strategic priorities 26 Principal risks and uncertainties 30 Risk management 12 Corporate social responsibility Interim Chief Executive’s report 32 Our CSR priorities Earl Sibley provides an overview of the year and Our financial performance discusses the
    [Show full text]
  • Completed Acquisition of Two Vauxhall Dealerships from Riders' Garages Limited by Eden
    Completed acquisition of two Vauxhall dealerships from Riders’ Garages Limited by Eden (GM) Limited ME/6474-14 The CMA’s decision on reference under section 22(1) on 24 October 2014. Full text of the decision published on 17 November 2014. Please note that [] indicates figures or text which have been deleted or replaced in ranges at the request of the parties for reasons of commercial confidentiality. Summary 1. Eden (GM) Limited (Eden) operates Vauxhall franchised car dealerships. Its two Devon dealerships, Exeter and Honiton, supply new and used Vauxhall cars to private customers as well as repair and maintenance services to Vauxhall cars. 2. Eden acquired two Vauxhall dealerships in Newton Abbot and Torbay (the Riders dealerships) from Riders Garages Limited (Riders) (the Merger). The Riders dealerships supply new and used Vauxhall cars to private customers and repair and maintenance services to Vauxhall cars. Eden and the Riders dealerships together are referred to in this decision as the Parties. 3. The Competition and Markets Authority (CMA) considers that the Parties are enterprises that as a result of the Merger have ceased to be distinct and that the share of supply test is met. The CMA therefore believes that it is or may be the case that a relevant merger situation has been created. 4. Eden and the Riders dealerships overlap in the supply of new and used Vauxhall cars and the supply of repair and maintenance services for Vauxhall cars in the Exeter, Newton Abbot and Torbay areas. 5. In relation to the supply of new and used Vauxhall cars, the CMA does not consider there to be competition concerns based on the constraints faced by the Parties locally from dealerships of other car marques including other sellers of used cars (both Vauxhall and others).
    [Show full text]
  • CBIS Global Funds Plc an Umbrella Fund with Segregated Liability Between Sub-Funds
    CBIS Global Funds plc an umbrella fund with segregated liability between sub-funds Interim Report and Unaudited Condensed Financial Statements For the financial period ended 30 June 2018 CBIS Global Funds plc CONTENTS PAGE DIRECTORS AND OTHER INFORMATION………………………………………………………... 2 BACKGROUND TO THE COMPANY………………………………………………………………. 4 INVESTMENT MANAGER’S REPORT……………………………………………………………... 6 HALF YEARLY MANAGEMENT REPORT……………………………….……….……………….. 11 STATEMENT OF FINANCIAL POSITION………………………………………………………….. 12 STATEMENT OF COMPREHENSIVE INCOME…………………………………………………… 14 STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF REDEEMABLE PARTICIPATING SHARES………………………………………………………... 16 NOTES TO THE FINANCIAL STATEMENTS……………………………………………………… 18 PORTFOLIO OF INVESTMENTS……………………………………………………………………. 28 SUPPLEMENTARY INFORMATION ON THE PORTFOLIO OF INVESTMENTS …….….….…. 49 STATEMENT OF CHANGES IN COMPOSITION OF PORTFOLIO …………...…………………. 51 1 CBIS Global Funds plc DIRECTORS AND OTHER INFORMATION Board of Directors Investment Manager and Distributor Neal Berkowitz (American) ** Christian Brothers Investment Services, Inc. Eimear Cowhey (Irish)* 777 Third Avenue, 29th Floor Denise Kinsella (Irish)* New York, NY 10017-1401 Jeffrey McCroy (American)† USA David L. Skelding (American) Global Distributor Registered Office of the Company AllFunds Bank S.A. One Dockland Central, Guild Street Estafeta 6, La Moraleja IFSC Complejo Plaza de la Fuente Dublin 1 Alcobendas, Madrid Ireland Spain Registered Number: 456305 AllFunds Bank International S.A. Le Dome, Espace Petrusse Administrator, Registrar and Transfer Agent Building C2 BNY Mellon Fund Services (Ireland) Designated Activity Avenue Charles de Gaulle Company L-1653, Luxembourg One Dockland Central, Guild Street IFSC Italian Sub-Distributor and Paying Agent Dublin 1 Banca Popolare di Sondrio Ireland Piazza Garibaldi, 16 23100 Sondrio Depositary Italy BNY Mellon Trust Company (Ireland) Limited One Dockland Central, Guild Street Belgian Sub-Distributor and Paying Agent IFSC Bank Degroof S.A./N.V.
    [Show full text]
  • Capital Markets Day
    Capital Markets Day Wootton Park and Chicheley Hall • 24 May 2018 bovishomesgroup.co.uk Capital Markets Day Welcome to Wootton Park Wootton Park is an attractive new Agenda for the day development in the pretty Bedfordshire 9:45am village of Wootton, less than 6 miles from Arrival on site, PPE and refreshments. the county town of Bedford and within Welcome and introductions, safety easy reach of busy Milton Keynes. briefing, divide into groups The vibrant village has a wide range of Site visit activities, sports and clubs for all ages, and 1. Site set up and management 2. Health and safety boasts a 14th century church, post office, 3. Phoenix Collection re-plan pharmacy, two convenience stores, pubs, a 4. Sales and marketing health centre, a library and local schools. 5. Sales specification Wootton Park offers a wide choice of 6. Show home brand new homes, each carefully designed 7. Build best practice to meet the needs of today’s lifestyles. 8. Build specification 12:30pm Depart site for Chicheley Hall, refreshments on arrival Presentation - Affordable Housing 1:20pm Buffet lunch 2:00pm Northampton A45 Presentations - A6 Business update A428 A4280 The Phoenix Collection A509 A422 Newport A1 Q&A Paynell Road Bedford M1 A603 3:30pm Wootton Bedford Road 15 Day ends - coach departs Chicheley Hall A421 14 for Bedford station Milton Keynes 13 A6 A421 4:11pm N A5 Train departs Bedford for London St Pancras 4:55pm Train arrives London St Pancras Fields Road 4 5 10 11 12 1 2 3 13 6 14 9 7 21 9 44 15 42 8 20 16 41 8 17 47 24 19 46 7 18 86 45 23
    [Show full text]
  • Booking Form Intercontinental London – the O2 Wednesday 24 November
    BOOKING FORM INTERCONTINENTAL LONDON – THE O2 WEDNESDAY 24 NOVEMBER Housebuilder invites you to book your place at the ‘must attend event’ of the housebuilding year, the Housebuilder Awards. The Housebuilder Awards returns to the InterContinental London - The O2. The hotel stands out in the buzzing Greenwich Peninsula, enjoying spectacular Canary Wharf views and with the O2 arena just steps away. 18.45 – Drinks reception, Arora Foyer 19.30 – Dinner and Awards ceremony, East London Suite, Arora Ballroom 22.45 – Awards ceremony close followed by the after party 01.00 – Carriages The Housebuilder Awards is a black tie event. In partnership with Sponsored by: AWARDS 2021 FINALISTS BEST CUSTOMER BEST MARKETING BEST DESIGN FOR FOUR SATISFACTION INITIATIVE INITIATIVE STOREYS OR MORE Carriden Homes – Ribbonfield Catalyst & Focus – Time for a Barratt London – Nestlé Steadings place of your own apartments at Hayes Village, Hayfield – The Hayfield difference London Clixifix® – Customer care campaign Dandara – 1887 The Pantiles, simplified software Kingswood Homes – Shape your Tunbridge Wells Hill – Integration with Hill, home Places for People – 55 Degrees Yourkeys and pdCRM is the McCarthy Stone – Rebranding a North, Granton Waterfront, solution to lockdown sales well lived life Edinburgh Redrow – My Redrow, homeowner Taylor Wimpey – Not all rg+p – Magenta Court, Apsley support housebuilders are equal Telford Homes – Stone Studios, Taylor Wimpey – Customer service William Davis Homes – The time Hackney Wick hub is right Vistry Group – Vistry Partnerships’
    [Show full text]
  • FTSE Russell Publications
    2 FTSE Russell Publications 19 August 2021 FTSE 250 Indicative Index Weight Data as at Closing on 30 June 2021 Index weight Index weight Index weight Constituent Country Constituent Country Constituent Country (%) (%) (%) 3i Infrastructure 0.43 UNITED Bytes Technology Group 0.23 UNITED Edinburgh Investment Trust 0.25 UNITED KINGDOM KINGDOM KINGDOM 4imprint Group 0.18 UNITED C&C Group 0.23 UNITED Edinburgh Worldwide Inv Tst 0.35 UNITED KINGDOM KINGDOM KINGDOM 888 Holdings 0.25 UNITED Cairn Energy 0.17 UNITED Electrocomponents 1.18 UNITED KINGDOM KINGDOM KINGDOM Aberforth Smaller Companies Tst 0.33 UNITED Caledonia Investments 0.25 UNITED Elementis 0.21 UNITED KINGDOM KINGDOM KINGDOM Aggreko 0.51 UNITED Capita 0.15 UNITED Energean 0.21 UNITED KINGDOM KINGDOM KINGDOM Airtel Africa 0.19 UNITED Capital & Counties Properties 0.29 UNITED Essentra 0.23 UNITED KINGDOM KINGDOM KINGDOM AJ Bell 0.31 UNITED Carnival 0.54 UNITED Euromoney Institutional Investor 0.26 UNITED KINGDOM KINGDOM KINGDOM Alliance Trust 0.77 UNITED Centamin 0.27 UNITED European Opportunities Trust 0.19 UNITED KINGDOM KINGDOM KINGDOM Allianz Technology Trust 0.31 UNITED Centrica 0.74 UNITED F&C Investment Trust 1.1 UNITED KINGDOM KINGDOM KINGDOM AO World 0.18 UNITED Chemring Group 0.2 UNITED FDM Group Holdings 0.21 UNITED KINGDOM KINGDOM KINGDOM Apax Global Alpha 0.17 UNITED Chrysalis Investments 0.33 UNITED Ferrexpo 0.3 UNITED KINGDOM KINGDOM KINGDOM Ascential 0.4 UNITED Cineworld Group 0.19 UNITED Fidelity China Special Situations 0.35 UNITED KINGDOM KINGDOM KINGDOM Ashmore
    [Show full text]
  • June 2021 for Professional and Institutional Investors Only Open-Ended Investment Company
    In 2019, Montanaro Asset Management Limited became a certified B Corporation LF Montanaro UK Income Fund 30 June 2021 For Professional and Institutional investors only Open-Ended Investment Company Fund Objective Key Information To invest at least 00H of the 1und in the sha es of small and medium siJed UK companies, including REITs (Real Estate Fund Launch Janua y 2020 Investment T usts a e companies that aim to gene ate an income and/o p ofit f om investing in p ope ty), that have a ACD Lin4 1und Solutions ma2imum ma 4et capitalisation (the total value of the company) of I10 billion. The 1und may also invest up to 20H in Depositary BNY Mellon small, medium and la ge siJed companies, including REITs in the Eu opean Union (e2cluding the UK), Iceland, No 3ay and Lin4 1und Administ ato s S3itJe land. Transfer Agent Limited Legal Status OEIC Performance Domicile UK Valuation Time Daily 12pm (London) Rolling Returns Dealing Cut-Off Time Daily 11.59am (London) YTD 1M 3M 6M 12M 3Y 5Y 10Y Launch Accumulation Fund Facts 13.2H 0.8H 9.8H 13.2H 29.0H N/A N/A N/A 5.2H (£) Lead Fund Manager 9uido Dacie-Lomba do Income Co Fund Manager Cha les Montana o 13.2H 0.8H 9.8H 13.2H 29.7H N/A N/A N/A 5.2H (£ TR†) Comparator Benchmark IA UK E5uity Income Secto IA: UK Equity 12.1H -0.5H 5.0H 12.1H 25..H N/A N/A N/A 2.8H Income (£ TR) Fund Size I27.0 million No.of Holdings 50 Median Mkt Cap I1,022 million Cash 1.8H Calendar Year Returns Forecast Yield 21F* 2.9H 7Calculated as the 3eighted ave age fo ecast yield on the Po tfolio.
    [Show full text]
  • Abbey ABBY Household Goods and Home Construction — GBP 16 at Close 29 April 2021
    FTSE COMPANY REPORT Share price analysis relative to sector and index performance Abbey ABBY Household Goods and Home Construction — GBP 16 at close 29 April 2021 Absolute Relative to FTSE UK All-Share Sector Relative to FTSE UK All-Share Index PERFORMANCE 29-Apr-2021 29-Apr-2021 29-Apr-2021 16 200 140 1D WTD MTD YTD Absolute 0.0 0.0 0.0 3.2 Rel.Sector 0.5 1.3 -4.3 -99.4 15 130 Rel.Market 0.1 -0.3 -3.7 -4.6 150 14 120 VALUATION 100 Trailing Relative Price Relative 13 Price Relative 110 PE 14.8 Absolute Price (local (local currency) AbsolutePrice 50 EV/EBITDA 7.5 12 100 PB 1.0 PCF -ve 11 0 90 Div Yield 0.0 Apr-2020 Jun-2020 Aug-2020 Oct-2020 Dec-2020 Feb-2021 Apr-2020 Jun-2020 Aug-2020 Oct-2020 Dec-2020 Feb-2021 Apr-2020 Jun-2020 Aug-2020 Oct-2020 Dec-2020 Feb-2021 Price/Sales 2.2 Absolute Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Net Debt/Equity 0.0 100 100 90 Div Payout 7.9 90 90 80 ROE 7.1 80 80 70 70 70 Index) Share Share Sector) Share - - 60 60 60 DESCRIPTION 50 50 50 40 The Company's principal activities are building and 40 40 RSI RSI (Absolute) property development, plant hire and property rental. 30 30 30 20 20 20 10 10 10 RSI (Relative to FTSE UKFTSE All to RSI (Relative RSI (Relative to FTSE UKFTSE All to RSI (Relative 0 0 0 Apr-2020 Jun-2020 Aug-2020 Oct-2020 Dec-2020 Feb-2021 Apr-2020 Jun-2020 Aug-2020 Oct-2020 Dec-2020 Feb-2021 Apr-2020 Jun-2020 Aug-2020 Oct-2020 Dec-2020 Feb-2021 Past performance is no guarantee of future results.
    [Show full text]
  • Interim Report and Financial Statements
    Fidelity Investment Funds Interim Report and Financial Statements For the six months ended 31 August 2020 Fidelity Investment Funds Interim Report and Financial Statements for the six month period ended 31 August 2020 Contents Director’s Report* 1 Statement of Authorised Corporate Director’s Responsibilities 2 Director’s Statement 3 Authorised Corporate Director’s Report*, including the financial highlights and financial statements Market Performance Review 4 Summary of NAV and Shares 6 Accounting Policies of Fidelity Investment Funds and its Sub-funds 9 Fidelity American Fund 10 Fidelity American Special Situations Fund 12 Fidelity Asia Fund 14 Fidelity Asia Pacific Opportunities Fund 16 Fidelity Asian Dividend Fund 18 Fidelity Cash Fund 20 Fidelity China Consumer Fund 22 Fidelity Emerging Asia Fund 24 Fidelity Emerging Europe, Middle East and Africa Fund 26 Fidelity Enhanced Income Fund 28 Fidelity European Fund 30 Fidelity European Opportunities Fund 32 Fidelity Extra Income Fund 34 Fidelity Global Dividend Fund 36 Fidelity Global Enhanced Income Fund 38 Fidelity Global Focus Fund 40 Fidelity Global High Yield Fund 42 Fidelity Global Property Fund 44 Fidelity Global Special Situations Fund 46 Fidelity Index Emerging Markets Fund 48 Fidelity Index Europe ex UK Fund 50 Fidelity Index Japan Fund 52 Fidelity Index Pacific ex Japan Fund 54 Fidelity Index Sterling Coporate Bond Fund 56 Fidelity Index UK Fund 58 Fidelity Index UK Gilt Fund 60 Fidelity Index US Fund 62 Fidelity Index World Fund 64 Fidelity Japan Fund 66 Fidelity Japan Smaller
    [Show full text]
  • Interim Short
    REPORT For the six months ended 30 September 2015 INTERIM SHORT Henderson UK Strategic Income Unit Trust Henderson UK Strategic Income Unit Trust Short Report For the six months ended 30 September 2015 Investment Fund Manager The fund’s risk level reflects the following: Henderson Multi-Asset Team • The fund invests in a mix of different asset classes. Investment objective and policy • Fluctuations in exchange rates may cause the To achieve a high level of income. value of your investment to rise or fall. The fund will invest principally in the UK in a The following risks apply to investments in the fund. managed portfolio of investment trust shares and These could be triggered or made worse by unusual other closed-ended vehicles. The fund may also market conditions or unpredictable market events. invest in exchange traded funds, unregulated collective investment schemes (which include Counterparty risk The fund could lose money if limited partnerships), money market instruments and a counterparty with which it transacts becomes deposits. unwilling or unable to meet its obligations to the fund. Risk and reward profile Focus risk The fund’s value may fall where it has The fund currently has 1 type of unit class in issue: concentrated exposure to an issuer or type of Income units. security that is heavily affected by an adverse event. The risk and reward profile which is as follows: Liquidity risk Certain securities could become hard to value or sell at a desired time and price. Typically Lower potential Typically Higher potential risk/reward risk/reward Management risk Investment management techniques that have worked well in normal market conditions could prove ineffective or detrimental at other times.
    [Show full text]