Fidelity Enhanced Income Income Units
Also available as
accumulation units
Charges and savings
| Fund manager's initial charge | 3.50% |
|---|---|
| HL saving on initial charge | 3.50% |
| HL Dealing charge | Free |
| Net initial charge | 0.00% |
| Fund manager's annual charge | 1.50% |
| HL Annual saving (loyalty bonus) | 0.10% 2 |
| Net Annual charge | 1.40% |
| Fund manager's other expenses | 0.29% |
| Performance fee | No |
| HL Platform charge | Free |
Please read the Simplified Prospectus/Key Investor Information Document in addition to the information above. Further details available in the HL guide to fund prices, savings and yields.
Other information
| Launch date | 02-02-2009 |
|---|---|
| Launch price | £1.00 |
| Sector | UK Equity Income |
| Fund size | £157.00 million |
| Number of holdings | 60 |
| Fund type | OEIC |
| Type of units | Income |
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Before you invest please read the documents below.
HL research - our view on this fund
The fund targets a high yield and will forgo growth of capital to achieve this. The method of creating income may also provide some protection against market downturns as has been seen historically.
About the Fund Manager
David Jehan
Located in: London
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.
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Income details
| Historic yield | 5.68% |
|---|---|
| Income paid | Quarterly |
| Type of payment | Dividend |
All yields are variable and not guaranteed. Information as at 31-05-2013.
Top 10 holdings
| GlaxoSmithKline | 7.19% |
|---|---|
| AstraZeneca | 6.08% |
| BT Group | 4.41% |
| Reckitt Benckiser Group | 4.33% |
| Imperial Tobacco Group | 3.87% |
| British American Tobacco | 3.83% |
| BG Group | 3.57% |
| Centrica | 3.53% |
| Tesco | 3.25% |
| Unilever | 3.20% |
Top 10 sectors
| Pharmaceuticals & Biotechnology | 15.36% |
|---|---|
| Gas, Water & Multiutilities | 10.69% |
| Tobacco | 10.03% |
| Cash and Equiv. | 9.30% |
| Nonlife Insurance | 8.40% |
| Fixed Line Telecommunications | 5.89% |
| Food Producers | 5.58% |
| Food & Drug Retailers | 4.92% |
| Aerospace & Defence | 4.87% |
| Household Goods & Home Construction | 4.72% |
Top 10 countries
| United Kingdom | 84.81% |
|---|---|
| Cash and Equiv. | 9.30% |
| United States | 2.32% |
| France | 2.09% |
| Germany | 2.06% |
| Netherlands | 0.29% |
| Ireland | 0.23% |
| Non-Classified | -1.10% |
Some of the data on this page and other related pages is provided to you for your information and is received from the Fund Management Company administering this fund. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.
2 Annual saving (loyalty bonus) only available on holdings worth over £1,000. Loyalty bonuses in the Vantage Fund & Share Account are paid net of basic rate tax. Loyalty bonuses in the Vantage ISA and SIPP are tax-free and paid gross.
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 17-06-2013. Data as at 30/04/2013.
