Fact sheet: Fidelity Gbl Enhanced Inc

Fund information
Fund name
Fidelity Global Enhanced Income W Acc
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund managers
  • David Jehansince 02/10/2013
  • Daniel Robertssince 02/10/2013
Fund objective
Aims to provide income with the potential for some capital growth.Invests mainly in the shares of companies from around the world. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes.
Benchmark
  • MSCI AC World
Investment style
None
Investment method
Shares
Quick stats
1 Year return
21.9%
1 Year rank in sector
32/41
Sector
UT Global Equity Income
Yield
3.7%
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.
1%
Fund size
£213m (£108m 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.
91
Mid price
160.1
Top in this sector
Fund name1 Year
Aptus Global Financials33.3%
TB Saracen Gbl Inc & Gth32%
Schroder Global Equity Income31.6%
Scot Wid Fdmtl Index Global Equ30.1%
COURTIERS Gbl (ex UK) Eq Inc29.7%
...more in UT Global Equity Income

Performance snapshot

Holdings snapshot

  • USA32.6%
    Money Market20.3%
    UK11.1%
    Japan7.8%
    Netherlands5.8%
  • Money Market20.3%
    Health Care13.4%
    Consumer Staples13%
    Industrials12.5%
    Financials10.8%
  • US Equities32.6%
    Money Market20.3%
    UK Equities11.1%
    Japanese Equities7.8%
    Dutch Equities5.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.1%3.6%2.3%21.9%53.2%-
Sector-0.2%2.9%5.4%23.8%39.5%81.2%
Rank within sector34 / 4512 / 4440 / 4432 / 415 / 33-
Quartile4th2nd4th4th1st
Calendar performance
 YTD - 20172016201520142013
Fund3.2%23.3%7.9%11.1%-
Sector3.7%23.1%2.7%6.8%21.8%
Rank within sector25 / 4425 / 407 / 357 / 32-
Quartile3rd3rd1st1st
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.
5.02
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.
1.31
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%.
9.18
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.
4.48
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.
0.8
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.
0.78
Price movement
52 week high165
52 week low129
Current bid price-
Current offer price-
Current mid price160.1
Region
1USA32.6%
2Money Market20.3%
3UK11.1%
4Japan7.8%
5Netherlands5.8%
6Switzerland5.6%
7Germany4.4%
8Spain3%
9Taiwan2.5%
Industry sector
1Money Market20.3%
2Health Care13.4%
3Consumer Staples13%
4Industrials12.5%
5Financials10.8%
6Information Technology9.5%
7Consumer Discretionary6.6%
8Utilities6.2%
9Telecommunications Utilities4.2%
Asset type
1US Equities32.6%
2Money Market20.3%
3UK Equities11.1%
4Japanese Equities7.8%
5Dutch Equities5.8%
6Swiss Equities5.6%
7German Equities4.4%
8Spanish Equities3%
9Taiwanese Equities2.5%
Individual holdings
1WOLTERS-KLUWER NV4.22%
2RELX NV4.17%
3JOHNSON & JOHNSON3.81%
4US BANCORP DELAWARE3.49%
5DIAGEO3.32%
6BRITISH AMERICAN TOBACCO3.08%
7GENERAL ELECTRIC CO.2.95%
8PROCTER & GAMBLE CO2.84%
9GLAXOSMITHKLINE2.82%
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 companies from around the world. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes.
Benchmark
  • MSCI AC World
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
David Jehan02/10/2013David 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.
Daniel Roberts02/10/2013Daniel Roberts has more than ten years of investment experience and joined Fidelity in November 2011. Prior to joining Fidelity, Daniel was a portfolio manager at Gartmore, where he managed their UK Equity Income Fund until the company was acquired and restructured by Henderson. Before that, he spent six years managing UK equity income portfolios at Aviva Investors, including the Aviva Investors UK Equity Income Fund. Daniel holds a BSc (Hons) in Mathematics from Warwick University. He is also a qualified Chartered Accountant and member of the Institute of Chartered Accountants. Daniel is a CFA charterholder and an Associate of the UK Society of Investment Professionals.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
France, United Kingdom, Guernsey, Ireland, Jersey
Fidelity Global Enhanced Income A Inc
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)1.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price131.9
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJQ7M
Fidelity Global Enhanced Income W Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price160.1
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJQ7L
Fidelity Global Enhanced Income W Inc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price135.5
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJQ7K
Fidelity Global Enhanced Income W Monthly Inc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price116.6
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN0HL
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