Fidelity Moneybuilder Balanced Y Ac
|Bid Price||-||Offer Price||-|
|Mid Price||GBX 57.59||Day Change||GBX +0.18 (0.31%)|
|Price Date||19 May 2017||Crown Rating|
|Shares Class||Inc.||Yield||3.10 %|
|Total Expense Ratio||0.00||Fund Size||640,746,230.53|
|Launch Date||08/02/1993||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.50||Sector||IMA UK Equity Income|
|Min Investment (£)||500.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00BYRPGV84||Min TopUp (£)||250.00|
Aims to provide an attractive level of income together with some long-term capital growth. Invests primarily in the UK. The portfolio will obtain exposure to a combination of UK government and corporate bonds and other fixed interest securities, as well as company shares including preference shares and convertibles. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments may be made in relation to bonds issued in currencies other than the fund’s denominated currency. Exposure to currencies may be hedged, for example with currency forward contracts. Can invest in relation to bonds issued by governments, companies and other bodies. The fund may make use of derivatives which are consistent with achieving the fund’s objective. This may result in “leverage” by which we mean a level of exposure which could expose the fund to the potential of greater gains or losses than would otherwise be the case. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
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.