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Fidelity Enhanced Income Class W - Income (GBP)

Sell: 111.40pBuy: 111.40p0.30p (0.26%)

Prices as at 24 July 2014

* Please note that there can be occasions when the Selling price shown may be temporarily higher than the Buying price. This can sometimes happen when the stock market is closed but it can also happen at other times for a variety of reasons. However, when the stock market is open and you place a trade, the selling price available to you will never be higher than the buying price. Live prices will be available when you place a deal with us during market hours. Please check these and contact us if you are unable to deal online.
Also available as accumulation units Help

Charges and Savings

Fund manager's initial charge: 0.00%
HL saving on initial charge: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Fund manager's annual charge: 0.75%
HL saving on annual charge (loyalty bonus): 0.00%
Net annual charge: 0.75%
 
Fund manager's other expenses: 0.22%
Performance fee: No  

Please read the Simplified Prospectus/Key Investor Information Document (KIID) in addition to the information above. Further details available in the HL guide to fund prices, savings and yields. Loyalty bonus is paid tax-free in an ISA or SIPP but may be subject to tax in a Fund & Share Account.

HRMC believes that from April 2013 rebates of annual charges (such as loyalty bonuses) paid on funds held outside ISAs or SIPPs should be paid net of basic rate tax. We believe this is incorrect and are challenging HMRC's interpretation. However, in line with best client accounting practice and to save clients facing an unexpected bill in the future, we are currently paying loyalty bonuses within the Vantage Fund & Share Account net of an amount equivalent to the basic rate tax. If we are successful in our challenge we will return this money to clients. If we are unsuccessful we will use the money to pay over any amounts due to HMRC. Loyalty bonuses in the Vantage Fund & Share Accounts held by overseas investors, companies and charities will be paid without any deductions, as will loyalty bonuses in the Vantage ISA and Vantage SIPP which are exempt from tax.

Other Information

Unit type: Unbundled
Manager: Multiple
Fund launch date: 2 February 2009
Sector: UK Equity Income
Fund size: £247 million
Number of holdings: 63
Fund type: OEIC
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 12:00
Trustee: JP Morgan
Minimum investment: £500.00
Charges deducted from: Capital
Available in a regular savings plan: Yes
Minimum regular savings value: £50.00

Performance

24/07/09 to 24/07/10 24/07/10 to 24/07/11 24/07/11 to 24/07/12 24/07/12 to 24/07/13 24/07/13 to 24/07/14
Annual return 16.9% 13.83% 6.05% 19.01% 6.6%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

The Wealth 150 is the list of what we believe are the best funds in each sector. If a fund is not within our Wealth 150 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments we believe Wealth 150 funds are superior alternatives. View funds on the Wealth 150 »

Fund Objective

The fund's investment objective is to achieve income with the potential for some capital growth from a portfolio made up mainly of the securities of UK companies. The fund may also invest in other transferable securities, units in collective investment schemes, money market instruments, cash and deposits. Derivatives and forward transactions may also be used for investment purposes.

Income Details

Historic yield : 4.29%
Income paid: Quarterly
Type of payment: Dividend
Ex-dividend date: 1 September 2014 1 December 2014 1 March 2015 1 June 2015
Payment date: 18 October 20144 18 January 20154 18 April 20154 18 July 20154

All yields are variable and not guaranteed. Information correct as at 30 April 2014.

Sector Weight
Pharmaceuticals & Biotechnology 15.32%
Oil & Gas Producers 10.32%
Gas, Water & Multiutilities 9.99%
Tobacco 8.81%
Cash and Equiv. 7.58%
Nonlife Insurance 6.85%
Fixed Line Telecommunications 6.12%
Food Producers 5.30%
Support Services 5.12%
Household Goods & Home Construction 3.98%
Country Weight
United Kingdom 87.43%
Cash and Equiv. 7.58%
Germany 1.61%
France 1.42%
United States 1.42%
Switzerland 0.93%
Netherlands 0.07%
Australia 0.02%
Non-Classified -0.49%

Fund Manager

1 of 2
Photo of David Jehan

Key facts

David Jehan
Manager start date 02/02/2009
Manager located in London

Biography

David Jehan 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 BZW in 1994. He moved to Commerzbank in 1998, where he spent four and a half years trading equity derivative products, primarily in the European markets.

Photo of Michael Clark

Key facts

Michael Clark
Manager start date 02/02/2009
Manager located in London

Biography

Michael Clark joined Fidelity Worldwide Investment in 2002 as an Equity Research Analyst. From 2002 to 2007 he covered a variety of sectors including Oil Services, Construction and Housebuilding, Automotive and Mining. Michael progressed to become a Portfolio Manager in 2007. Prior to joining Fidelity, Michael has worked as an Equity Research Analyst with Morgan Grenfell from 1986 to 1998, with Enskilda from 1989 1994 and with JP Morgan from 1994 to 2002. Michael has an M.A from Cambridge University in modern languages. Michael Clark was named in FE Trustnet's list of Alpha Managers in 2012. The 160 managers on the list, selected from 1100 eligible managers, are rated on their risk-adjusted alpha, distinguishing those who are best able to navigate all phases of the market cycle.

You can buy or sell holdings in this fund through a NISA, SIPP or Fund & Share Account

Data received from the Fund Management Company administering this fund and provided to you for your information. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.

Prices as at 24 July 2014. Data as at 31 May 2014.

Wealth 150 fund

The Wealth 150 is a list of what we believe are the best funds in all the main sectors. For a fund to be selected for the Wealth 150 it must pass a rigorous selection process, and we continually monitor the list to ensure it only contains the best funds.

Wealth 150+ fund

The Wealth 150 is a list of what we believe are the best funds in all the main sectors. For a fund to be selected for the Wealth 150 it must pass a rigorous selection process, and we continually monitor the list to ensure it only contains the best funds.

As investment returns depend on two factors - performance and charges - we have identified from the Wealth 150, the funds we believe offer the very best combination of outstanding performance potential and the best prices. These are the Wealth150+ funds. In many cases these super-low charges are only available through the Vantage Service - a unique benefit to Hargreaves Lansdown clients.

Core Tracker fund

The Core Trackers list represents what we believe are the very best trackers in each of the main sectors. We analysed each fund's management, process and performance to find the best combination of quality and cost. We want to ensure that the fund has not only tracked its index closely in the past, but that it has the best potential to track well in the future. In many cases these super-low charges are only available through the Vantage Service - a unique benefit to Hargreaves Lansdown clients.



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