|Mid Price||GBX 205.10||Day Change||GBX +0.90 (0.44%)|
|Price Date||13 Sep 2019||Crown Rating|
|Shares Class||Acc.||Yield||6.57 %|
|Last Ex-Dividend Date||01 March 2019||Dividend Frequency||-|
|Sector||UK Equity Income||Fund Size||284,000,000.00|
|Launch Date||02/02/2009||Standard Initial Charge||3.50%|
|Ongoing cost||1.67%||Annual Management Charge||1.50%|
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.
Michael Clark joined Fidelity in 2002 as an equity research analyst. He covered a variety of sectors including oil services, construction and house building, automotive and mining. He was promoted to Portfolio Manager in 2007.Prior to joining Fidelity, Michael had worked as an Equity Research Analyst with Morgan Grenfell from 1986 to 1998, with Enskilda from 1989 to 1994 and with JP Morgan from 1994 to 2002.Michael holds an M.A from Cambridge University in Modern Languages.
David joined Fidelity in 2007 and is a Derivatives Fund Manager. As well as managing the covered call overlay strategy in Fidelity Enhanced Income and Fidelity Global Enhanced Income funds, he advises portfolio managers on use of option strategies; develops risk management & trading tools and produces derivative research. He has worked in the industry since 1994, having started at BZW as a derivative research analyst and then worked at Commerzbank AG in derivative trading and risk control roles.David holds an M.A, and a D.Phil in Physics from Oxford University.