Fact sheet: Fidelity Enhanced Inc

Fund information
Fund name
Fidelity Enhanced Income W Acc
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund managers
  • David Jehansince 02/02/2009
  • Michael Clarksince 02/02/2009
Fund objective
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.
Benchmark
  • FTSE All Share
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-2.6%
1 Year rank in sector
92/94
Sector
UT UK Equity Income
Yield
6.3%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.95%
Fund size
£406m (£568m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
76
Mid price
147.7
Top in this sector
Fund name1 Year
Schroder Income17.6%
Man GLG UK Income16.8%
JOHCM UK Equity Income16.4%
Majedie UK Income15.9%
Allianz UK Equity Income14%
...more in UT UK Equity Income

Performance snapshot

Holdings snapshot

  • UK79.2%
    Money Market19.3%
    France0.7%
    USA0.7%
  • Financials22.7%
    Money Market19.3%
    Consumer Goods15.8%
    Consumer Services9%
    Health Care8.4%
  • UK Equities79.2%
    Money Market19.3%
    French Equities0.7%
    US Equities0.7%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5.1%8%3.4%-2.6%7.9%25.4%
Sector6%8.7%6.4%6.8%19.4%44.1%
Rank within sector79 / 10065 / 10083 / 9792 / 9483 / 8578 / 81
Quartile4th3rd4th4th4th4th
Calendar performance
 YTD - 20182017201620152014
Fund1.2%5%4%5.6%5%
Sector3.8%11.2%9.1%4.9%2.8%
Rank within sector82 / 9888 / 9376 / 8843 / 8327 / 82
Quartile4th4th4th3rd2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-2.84
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.88
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
8.83
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
3.78
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.94
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.83
Price movement
52 week high153.2
52 week low133.3
Current bid price-
Current offer price-
Current mid price147.7
Region
1UK79.22%
2Money Market19.3%
3France0.74%
4USA0.74%
Industry sector
1Financials22.73%
2Money Market19.3%
3Consumer Goods15.81%
4Consumer Services8.98%
5Health Care8.4%
6Oil & Gas7.82%
7Utilities7.08%
8Industrials3.54%
9Basic Materials3.29%
Asset type
1UK Equities79.22%
2Money Market19.3%
3French Equities0.74%
4US Equities0.74%
Individual holdings
1ASTRAZENECA PLC5.3%
2HSBC HOLDINGS PLC5.1%
3ROYAL DUTCH SHELL4.8%
4BP PLC4.7%
5GLAXOSMITHKLINE PLC4%
6LEGAL & GENERAL GROUP PLC3.6%
7BRITISH AMERICAN TOBACCO PLC3.5%
8UNILEVER3.5%
9DIAGEO PLC3.3%
Management
Fund manager group
No data available.
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund objective
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.
Benchmark
  • FTSE All Share
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
David Jehan02/02/2009David has 14 years' derivatives experience. He 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 at BZW in 1994. He moved to Commerzbank in 1998 trading equity derivative products.
Michael Clark02/02/2009Michael Clark is a Portfolio Manager at Fidelity Worldwide Investment (FIL). From FIL's London headquarters, Mr. Clark has managed the Fidelity Income Plus Fund since July 2008. He also manages the Fidelity Enhanced Income Fund, which was launched in February 2009. Prior to becoming a Portfolio Manager, Mr. Clark spent five years as Pan-European Equity Research Analyst with Fidelity, covering oil services, construction, automotive and industrials. Mr Clark has over twenty years investment experience as an analyst on the sell-side, covering a wide range of companies and sectors in the UK and Continental Europe. These sectors include foods, business services, pharmaceuticals and electrical engineering. Previously he worked at JP Morgan, Enskilda and Morgan Grenfell. In 1982 Mr Clark gained a degree in Modern Languages from Cambridge University.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
France, United Kingdom, Guernsey, Ireland, Jersey
Fidelity Enhanced Income Acc
Initial charge3.5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.73%
Bid price-
Offer price-
Mid price209.2
CurrencyGBX
Price updated22/05/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEGT8
Fidelity Enhanced Income Dis
Initial charge3.5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.74%
Bid price-
Offer price-
Mid price111.5
CurrencyGBX
Price updated22/05/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeEGT7
Fidelity Enhanced Income W Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price147.7
CurrencyGBX
Price updated22/05/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG7FB
Fidelity Enhanced Income W Inc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)0.95%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price101.4
CurrencyGBX
Price updated22/05/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGMTR
Fidelity Enhanced Income W Monthly Inc
Initial charge-
Annual charge0.75%
Min single investment£250
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.94%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price96.96
CurrencyGBX
Price updated22/05/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN0HJ
Fidelity Enhanced Income Y Acc
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.17%
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price155.9
CurrencyGBX
Price updated22/05/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0VNA
Fidelity Enhanced Income Y Inc
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.17%
Total expense ratio (TER)1.21%
Bid price-
Offer price-
Mid price101.5
CurrencyGBX
Price updated22/05/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0VN9
Data provided by

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