Quick Stats

Mid Price GBX 94.25 Day Change GBX +0.01 (0.01%)
Price Date 15 Feb 2019 Crown Rating 1
Shares Class Inc. Yield 7.20 %
Last Ex-Dividend Date 03 December 2018 Dividend Frequency -
Sector UK Equity Income Fund Size 323,000,000.00
Launch Date 02/02/2009 Standard Initial Charge 0.00%
Ongoing cost 1.17% Annual Management Charge 1.00%
ISIN GB00B7FB6W02 Sedol B7FB6W0

Fund Objective

Aims to provide income with the potential for some capital growth. Invests mainly in the shares of UK companies. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. Derivatives and forward transactions may be used to achieve the investment objective. Derivatives may be used to generate additional income, for example, through the writing of call options. The fund has discretion in its choices of investments within its objectives and policies.

Fund Managers

Michael Clark
Michael Clark is a Portfolio Manager at Fidelity Worldwide Investment (FIL). From FIL's London headquarters, Mr. Clark has managed the Fidelity Income Plus Fund since July 2008. He also manages the Fidelity Enhanced Income Fund, which was launched in February 2009. Prior to becoming a Portfolio Manager, Mr. Clark spent five years as Pan-European Equity Research Analyst with Fidelity, covering oil services, construction, automotive and industrials. Mr Clark has over twenty years investment experience as an analyst on the sell-side, covering a wide range of companies and sectors in the UK and Continental Europe. These sectors include foods, business services, pharmaceuticals and electrical engineering. Previously he worked at JP Morgan, Enskilda and Morgan Grenfell. In 1982 Mr Clark gained a degree in Modern Languages from Cambridge University.
David Jehan
David has 14 years' derivatives experience. He joined Fidelity's derivatives team in 2007 and runs the call option strategy for Fidelity Enhanced Income Fund. Having achieved a degree and a doctorate in physics from Oxford University, he joined the quantitative research desk of the equity derivative department at BZW in 1994. He moved to Commerzbank in 1998 trading equity derivative products.