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Fidelity MoneyBuilder Dividend

Ranked 27 out of 105 in - UK Equity Income over 12 months
All calculations are in GBP

Managed by

Michael Clark

Michael Clark has been working in investment management for well over two decades. An economics graduate from Cambridge University, he started out working as an analyst for Morgan Grenfell in 1986. After a two year stint he joined Enskilda where he worked until 1994 before joining JP Morgan. He then joined Fidelity International in 2002 where he runs the Fidelity Income Plus and Enhanced Income funds.

Objective

The Fund’s investment objective is to achieve a combination of income and long term capital growth from a portfolio primarily made up of investments in the UK, including ordinary shares, preference shares, convertibles and fixed interest securities. The portfolio is likely to have a bias towards larger companies, although the ACD is not restricted in its choice of company by either size or industry.

Performance

UK Equity Income over : 30/09/2013 - 30/09/2014

Total Return

Quarterly Performance

to 30/09/2014 Annual Q1 Q2 Q3 Q4
2014 4.8% 2.7% 3.6% -1.6%
2013 22.4% 13.6% 0.4% 2.8% 4.5%
2012 10.9% 3.9% 1.6% 4.3% 0.7%
2011 8.1% 2.0% 3.7% -3.7% 6.1%
2010 10.6% 3.5% -5.9% 8.8% 4.5%
2009 16.2% -11.2% 6.5% 15.5% 6.3%
2008 -24.2% -11.7% -7.3% -6.8% -0.7%
2007 0.1% 2.2% 3.1% -3.6% -1.5%
2006 14.4% 7.4% -2.5% 5.2% 3.9%
2005 20.6% 3.6% 4.5% 6.2% 4.9%
2004 19.2% 2.5% 4.9% 3.4% 7.2%
2003 23.2% -5.1% 15.0% 5.1% 7.4%
2002 -20.4% 6.3% -7.8% -18.0% -1.0%
2001 -4.3% -4.4% 3.4% -11.9% 9.8%
2000 3.4% -5.1% 2.6% 2.4% 3.8%
1999 10.4% 8.3% 1.9% -6.3% 6.8%
1998 19.2% 16.9% -0.2% -9.0% 12.2%
1997 30.3% 5.6% 6.1% 14.8% 1.3%
1996 17.1% 2.1% 3.8% 4.6% 5.7%
1995 8.0% 1.8% 6.1%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/08/2014

Top 10 Holdings

Stock Size
AstraZeneca PLC ORD 6.72
GlaxoSmithKline PLC ORD 5.51
Imperial Tobacco Group PLC ORD 3.96
BAE Systems PLC ORD 3.81
HSBC Holdings PLC ORD 3.68
BP PLC ORD 3.53
Reckitt Benckiser Group PLC ORD 3.30
British American Tobacco PLC ORD 3.26
Royal Dutch Shell PLC ORD 3.22
BT Group PLC ORD 2.94
31/08/2014

Registered For Sale In

  1. France
  2. Guernsey
  3. Ireland
  4. Jersey
  5. United Kingdom

Fund Info

  • Launch date10/11/1980
  • Share Class size465Mn
  • Base currencyGBP
  • ISIN GB0003860904

Purchase Info

  • Min. initial investment50,000
  • Min. additional investment5,000

Charges

  • Annual management1.0%
  • Initial investment0

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Special dividends: an exception to the rule or a growing trend?

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Clark, Smith-Maxwell and Harris prepare for deflation

Fund managers Michael Clark, Algy Smith-Maxwell and Mark Harris explain why they are still braced for deflation with defensive plays, although they are also concerned about inflation in the long term.

Which UK stocks can fill the BP income gap?

The suspension of BP’s dividend for the remainder of 2010 has left a large hole in the dividend yield expected from the FTSE this year. But where are UK income managers looking to fill the income void?

Fund managers see BP as dead stock after dividend suspension

BP's suspension of dividend payments for the rest of 2010 has forced fund managers to look elsewhere for income, although they are divided over whether to sell their stakes given the big drop in the share price.

Banks will struggle to pay income in future, says Fidelity's Clark

Michael Clark, manager of the Fidelity Income Plus and Enhanced Income funds, says sterling will weaken, inflation will exceed expectations, and banks' ability to pay dividends will be restricted due to capital requirements.

Fidelity to launch Enhanced Income fund

Fidelity International is launching an Enhanced Income fund for Michael Clark, with the aim to deliver a yield of 150-200% of the FTSE All-Share Index yield.

...more...

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).