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Fidelity Pre-Retirement Bond Class H - Accumulation (Gross GBP)

Sell:77.33p Buy:77.33p Change: 0.07p (0.09%)
Prices as at 11 September 2025
Sell:77.33p
Buy:77.33p
Change: 0.07p (0.09%)
You can buy or sell holdings in this fund through a  Investment Pathway in drawdown
Invest now
Prices as at 11 September 2025
Sell:77.33p
Buy:77.33p
Change: 0.07p (0.09%)
Prices as at 11 September 2025
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

This fund aims to track changes in annuity prices. This means that any amount invested in the fund should be able to purchase a similar sized annuity over time. It’s run by a team that has experience managing bonds funds that require detailed models to achieve their objectives. This fund is specifically designed for individuals planning on purchasing an annuity within the next five years. We think it’s a great option for investors approaching retirement who want to put part of their investment portfolio aside to purchase an annuity in the future.

Our view on the sector

Our view on the sector for this fund is not available.

Performance Analysis

Since launch in 2013, the fund has done a good job tracking its benchmark. The tools used by the managers have helped to keep performance close to the index. As the aim of the fund is to move in-line with changes in annuity prices, any change in the value of investments in this fund can be expected to be accompanied by a similar change in the cost of purchasing an annuity. Please note that while the fund aims to track changes in annuity prices, there are no guarantees.

Investment Philosophy

The fund aims to match the performance of an index, rather than beat it. Factors like dealing commissions and spreads, and the cost of running the fund all drag on performance. The team work out the best way to match the performance of the index while keeping costs to a minimum. If the fund's costs are low, it's likely to track the index more closely over time.

Process and Portfolio Construction

This fund tracks the performance of a custom benchmark, which has been created to try to track changes in annuity prices as closely as possible. The custom benchmark includes a mixture of sterling corporate bonds and gilts, which are bonds issued by the UK government. The fund uses partial replication to track the benchmark. This means that it invests in some of the bonds in the index but not all of them. Fidelity use techniques to try to ensure that the smaller set of bonds that they invest in has similar overall characteristics to the index. This helps the fund track the performance of the custom benchmark over time. The fund uses derivatives to help track the benchmark, which adds risk.

question mark Manager Track Record Based on HL Quantitative Research

This information is currently unavailable.

Fund Track Record

10/09/20 to 10/09/21 10/09/21 to 10/09/22 10/09/22 to 10/09/23 10/09/23 to 10/09/24 10/09/24 to 10/09/25
Annual return n/a n/a n/a n/a n/a

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Information about the fund

Fund manager biography

Manager Name: Lucette Yvernault
Manager start date: 20 July 2020
Manager located in: TBC

TBC

Manager Name: Ilia Chelomianski
Manager start date: 20 July 2020
Manager located in: TBC

TBC

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a  Investment Pathway in drawdown
Invest now