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Fidelity Strategic Bond

Elite Rated by FundCalibre

A well run “strategic” bond fund drawing on Fidelity’s and Ian’s experience and research capability. They have been successful in finding an efficient balance between risk and return to provide an optimal risk-return profile over the longer term.

Company Description

Fidelity International is a financial services corporation established in 1969. With offices in more than 20 countries, its product range spans mutual funds, defined contribution pensions, segregated portfolios and multi-manager offerings. It compensates managers on long-term performance, illustrating its intention to align interests with clients.


Fund Manager

Ian joined Fidelity in 1995. His most recent accolade was being awarded the OBSR ‘Outstanding Investor’ honour. Ian holds an MSc in mathematical statistics from the University of Sussex and a BSc in pure & applied mathematics from the University College of North Wales. He is a Fellow of the Institute of Actuaries


The fund is run as a ‘core’ bond fund, delivering not only good returns but also a relatively stable level of income. The fund carries low risk, and provides decent diversification for those already holding equity funds.

Ian Spreadbury - Fund Manager

The Investment Process

Ian adheres to the three pillars of bond investing; income, low volatility and low correlation to equities. The fund provides a diversified exposure to the fixed interest market, utilising the Fidelity fixed interest team’s experience to make dynamic allocation decisions within what can be a complex and constantly evolving asset class.


The fund aims to generate returns with low volatility and will use derivatives to more efficiently manage currency, credit, duration and country risk. The exposure to high yield strategies is normally limited to 20% of the portfolio, 60% being investment grade corporate credit and 29% government bonds, with cash and index linked bonds another option within the mandate.

Our Opinion

Ian has the experience to navigate the complex waters of the fixed interest market and he has been able to generate returns (and an income stream) with low volatility by selecting the right asset allocations for the majority of the time.

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