|Bid Price||-||Offer Price||-|
|Mid Price||GBX 987.20||Day Change||GBX -3.70 (-0.37%)|
|Price Date||20 Jan 2017||Crown Rating|
|Shares Class||Inc.||Yield||2.27 %|
|Total Expense Ratio||0.00||Fund Size||71,000,000.00|
|Launch Date||29/01/2013||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.40||Sector||IMA UK Equity Income|
|Min Investment (£)||1,000,000.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00BC9LNW06||Min TopUp (£)||250.00|
Aims to provide an attractive level of income.The fund will be substantially (over 85%) invested in the Fidelity MoneyBuilder Income Fund (which invests primarily in sterling denominated (or hedged back to sterling) fixed interest securities) and will use derivatives to hedge interest rate risk on its investment in the Fidelity MoneyBuilder Income Fund such that the returns achieved may be substantially different to those of the Fidelity MoneyBuilder Income Fund.
Ian Spreadbury is a Senior Portfolio Manager at Fidelity International with 30 years investment experience. Since joining Fidelity in 1995, he has been responsible for managing several of Fidelity's bond strategies. Previously, he worked for Legal and General in various positions including Senior Portfolio Manager (Bonds). Ian has a BSc in Pure & Applied Mathematics from University College of North Wales and an MSc in Mathematical Statistics from University of Sussex. He is also a Fellow of the Institute of Actuaries and is one of the most experienced fixed income managers in the industry.