23
Morningstar FundInvestor
June 2
014
Morningstar Analyst Rating
04-16-14
„
Morningstar Pillars
Process
Performance
People
Parent
Price
Positive
Positive
Positive
Positive
Positive
Morningstar Analyst Rating
Morningstar evaluates mutual funds based on five key pillars, which
its analysts believe lead to funds that are more likely to outperform
over the long term on a risk-adjusted basis.
Analyst Rating Spectrum
Œ „ ´ˇ ¨
Pillar Spectrum
Positive
§
Negative
¶
Neutral
NAV
37.02
35.64
29.21
25.97
27.00
24.26
19.83
30.50
29.52
26.34
25.17
22.80
Total Return %
4.09
24.53
15.10
-1.39
13.66
25.00
-32.62
6.16
15.43
6.47
12.34
28.25
+/-M* MdTgRk
-0.07
10.22
3.06
-1.98
1.33
3.23
-10.43
-2.47
2.48
-0.57
0.86
5.77
+/-M* Agg Tg Risk
-0.28
0.00
-0.97
2.21
-3.09
-7.00
4.52
-3.03
-2.97
-3.69
-3.56
-6.28
Income Return %
0.04
2.12
2.50
2.36
2.19
2.50
2.06
2.24
2.03
1.79
1.85
1.89
Capital Return %
4.05
22.41
12.60
-3.75
11.47
22.50
-34.68
3.92
13.40
4.68
10.49
26.36
Total Rtn % Rank Cat
29
19
23
17
54
68
12
42
30
38
19
32
Income $
0.02
0.62
0.65
0.64
0.53
0.50
0.63
0.66
0.53
0.45
0.42
0.34
Capital Gains $
0.06
0.11
0.02
0.02
0.04
0.03
0.11
0.18
0.33
0.01
0.02
0.00
Expense Ratio %
0.22
0.22
. . . . . . . . . .
Income Ratio %
1.95
2.20
2.29
2.00
2.42
2.65
2.24
2.03
1.90
1.90
1.76
1.87
Turnover Rate %
9
13
16
19
26
21
8
1
3
3
7
18
Net Assets $mil
3,774
3,446
2,395
2,200
2,288
2,094
1,461
2,003
1,488
1,071
795
477
Performance
05-31-14
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
Total
2010
2011
2012
2013
2014
4.20 -9.89 11.65 8.41 13.66
4.63 0.80 -13.74 8.39 -1.39
10.55 -3.30
5.55 2.00 15.10
7.63 1.08
6.61 7.36 24.53
1.66
. . . .
Trailing
Total
+/- M*
+/- M* %Rank Growth of
Return% MdTgRk Agg Tg Risk
Cat
$10,000
3 Mo
6 Mo
1 Yr
3 Yr Avg
5 Yr Avg
10 Yr Avg
15 Yr Avg
2.54 0.08
-0.38
31 10,254
6.08 0.89
-0.21
28 10,608
17.07 5.16
-0.22
16 11,707
11.20 2.99
0.73
10 13,750
14.87 3.18
-0.93
18 20,000
7.35 -0.15
-1.20
30 20,325
. . . . .
Tax Analysis
Tax-Adj Rtn% %Rank Cat Tax-Cost Rat %Rank Cat
3 Yr (estimated)
5 Yr (estimated)
10 Yr (estimated)
10.27
9
0.84
67
13.96
18
0.80
70
6.50
23
0.80
51
Potential Capital Gain Exposure: 26% of assets
Rating and Risk
Time Load-Adj
Morningstar
Morningstar
Morningstar
Period Return % Rtn vs Cat
Risk vs Cat
Risk-Adj Rating
1 Yr
17.07
3 Yr
11.20
+Avg
Avg
5 Yr
14.87
+Avg
Avg
10 Yr
7.35
+Avg
Avg
Incept
4.98
Other Measures
Standard Index
Best Fit Index
M* MdTgRk
MSCI World
Alpha
0.0
2.2
Beta
1.38
0.82
R-Squared
98
99
Standard Deviation
11.46
Mean
11.20
Sharpe Ratio
0.98
Morningstar’s Take
by Janet Yang, CFA 04-16-14
Fidelity Four-in-One Index remains fairly
straightforward, though it still has some nuance.
This fund’s name reveals much about its
composition: Portfolio managers Andrew Dierdorf and
Chris Sharpe essentially combine four index-based
funds--two domestic equity-based funds that cover the
full market-cap spectrum in the United States, one that
covers international developed markets, and a
domestic fixed-income fund--into a single investment.
This results in a very well-diversified portfolio of more
than 4,000 stocks and 1,000 bonds, so no single
company will have an outsize effect on results.
The fund still has its subtleties. For instance, its
target 85% allocation to equities is generally about 5
percentage points higher than its typical aggressive
allocation peer’s. Its allocation to international
stocks--about 25% of the portfolio versus the group
average of roughly 20%, also adds to the fund’s
somewhat bolder bent. In the last one-, three-, five-,
and 10-year periods through the end of March 2013,
stocks have soundly outpaced bonds, fueling the fund’s
strong relative results over those spans. And while
domestic equities have fared better than their
international counterparts over those time periods,
non-U.S. stocks have still had a solid edge over
fixed-income investments.
In generally rising markets, which those trailing
periods represent, this fund should perform well. In
exchange, however, investors should expect less
protection when markets falter. In the last 10 years,
for example, the fund outpaced its typical peer in
almost 80% of up markets but only 35% of down
markets.
Meanwhile, the fund’s rock-bottom fees provide a
built-in advantage that stands no matter the market
environment. Its 0.22% expense ratio undercuts the
typical aggressive-allocation fund by nearly a full
percentage point--only two other funds in the group
have lower net expense ratios. For investors looking
for a more aggressive all-in-one option, this fund is
hard to beat.
Address:
Fidelity Oxford Street Trust
Boston, MA 02109
800-544-8544
Web Address:
Inception:
06-29-99
Advisor:
Strategic Advisers, Inc.
Subadvisor:
None
NTF Plans:
Fidelity Retail-NTF, CommonWealth NTF
Minimum Purchase:
$2500
Add: $0 IRA: $500
Min Auto Inv Plan:
$2500
Add: $200
Sales Fees:
No-load
Management Fee:
0.10%
Actual Fees:
Mgt:0.10% Dist:
.
Expense Projections:
3Yr:$75
5Yr:$133 10Yr:$303
Income Distribution:
Semi-Annually
Data through May 31, 2014
Fidelity Four-in-One Index
Ticker
Status Yield Total Assets
Mstar Category
FFNOX Open
1.7% $3,774 mil
Aggressive Allocation
83% 80% 83% 83% 84% 84% 84% 84%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 05-14
Historical Profile
Return
Risk
Rating
Above Avg
Average
Above Avg
Investment Style
Equity
Stock %
Manager Change
Partial Manager Change
Growth of $10,000
Investment Values of
Fund
Investment Values of
M* MdTgRk
Performance Quartile
(within Category)
History
10.0
13.0
16.0
19.0
22.6
Portfolio Analysis
04-30-14
Total Stocks:0
P/E
YTD % Net
Share change since 03-31-14
Sectors
Ratio Return % Assets
Fidelity Spartanfi 500 Index Inv
.
4.92 48.11
Fidelity Spartanfi International Idx Inv
.
3.88 25.19
Fidelity Spartanfi US Bond Idx Investor
.
3.85 15.03
Fidelity Spartanfi Extended Mkt Index Inv
.
1.62 11.67
Fidelity Spartanfi Extended Mkt Index Inv
. .
11.67
Date of
Amount
Value % Net
Total Fixed-Income:0
Maturity
$000
$000 Assets
Equity Style
Fixed-Income Style
Style: Blend
Size: Large-Cap
Duration: Moderate
Quality:
High
Avg Eff Duration
5.3 Yrs
Avg Eff Maturity
.
Avg Credit Quality
AA
Avg Wtd Coupon
3.29%
figure provided by fund as of 04-30-14
1
1
Value Measures
Rel Category
Price/Earnings
Price/Book
Price/Sales
Price/Cash Flow
Dividend Yield %
16.22
1.97
1.30
6.95
2.33
1.11
1.05
1.08
1.03
1.01
Growth Measures
% Rel Category
Long-Term Erngs
Book Value
Sales
Cash Flow
Historical Erngs
10.38
-3.33
-10.95
-5.84
-2.52
0.97
NMF
NMF
NMF
NMF
Market Cap %
Giant 45.5
Large 31.9
Mid 16.4
Small
4.4
Micro
1.8
Avg $mil:
37,409
Composition - Net
(% of Stock)
Cash
2.1
Stocks 83.5
Bonds 14.2
Other
0.1
Foreign 30.7
Sector
Weightings
% of
Stocks
Rel M*
MdTgRk High
3 Year
Low
Cyclical 36.84 0.95
BasicMat 5.17 0.87
. .
CnsmrCyc11.38 1.00
. .
FinanSvs 16.97 0.96
. .
Real Est 3.32 0.87
. .
Sensitive 38.43 1.00
CommSrvs 4.17 1.06
. .
Energy 8.75 0.98
. .
Industrl 12.10 0.98
. .
Technlgy 13.41 1.02
. .
Defensive24.72 1.08
CnsmrDef 9.48 1.12
. .
Hlthcare 12.02 1.19
. .
Utilities 3.22 0.77
. .
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2014Morningstar, Inc.All rights reserved. The information herein isnot representedorwarranted to be accurate, correct, complete or
timely. Pastperformance isnoguarantee of future results.Access updated reports at
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