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Fidelity Global Enhanced Income Fund W Income

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  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider FIL Investment Services (UK) Ltd
Fund Summary The Fund aims to increase the value of your investment and deliver an income that is at least 50% more than the income produced by the companies included in the MSCI All Country World Index. The Fund will invest at least 50% in equities (and their related securities) of companies globally, which could include countries considered to be emerging markets as determined by the Investment Manager at its sole discretion. Derivatives, including covered call options, will be used for investment purposes in order to further enhance the income generated by the underlying investments. The Investment Manager is not restricted in terms of size, industry, or geographical split. The Fund is actively managed without reference to a benchmark. The Fund may also invest in other transferable securities, collective investment schemes, money market instruments, cash and deposits and is also able to use derivatives for efficient portfolio management. The Fund's performance can be compared to the MSCI All Country World (Net Total Return) Index as the index most closely represents the constituents of the Fund. Many funds sold in the UK are grouped into sectors by the Investment Association (the trade body that represents UK Investment Managers), to facilitate comparison between funds with broadly similar characteristics. This Fund is classified in the IA Global Equity Income sector. Performance data on funds within this sector may be prepared and published by data providers and will be used when evaluating the performance of this Fund. The IA sector most closely reflects the combination of assets in the Fund.
SEDOL code BD1NLJ4
ISIN GB00BD1NLJ41
Fund code WGEII
Managers Dan Roberts
Manager Tenure 7 years
Morningstar Category Global Equity Income
IMA Sector Global Equity Income
Fund Size £399 million
Fund Type OEIC
Management Style Active
Ongoing Charge Figure (OCF) 0.94%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £1.3970
Buy Price £1.3970
Price Change +0.721%
Price Date 3rd June 2020
Yield 5.12%
Dividend Frequency Quarterly
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 2nd October 2013
Fund Status OPEN
Dan C. Roberts is an Executive Managing Director, Head of the Global Fixed Income Group and its Chief Investment Officer. His responsibilities include spearheading macro-economic research, managing portfolios that utilize asset allocation and chairing GFI’s Investment Policy Committee (IPC). Directing the IPC is Dan’s most important investment responsibility as this Committee is the foundation of the GFI team-based approach to managing portfolios. It sets all portfolio strategy within the context of the team’s macro view and monitors compliance with its decisions. No significant positions are taken in any portfolio without the approval of the IPC. The IPC’s voting members are GFI’s four most senior investment professionals, who have worked together for nearly two decades. Dan joined MacKay Shields in 2004 when the firm acquired the fixed income business of Pareto Partners, where he had served as Chief Investment Officer. Dan first began assembling his team in 1989, when he was appointed head of fixed income at UBS Asset Management. In 1997 the team joined Forstmann-Leff International and was subsequently purchased by Pareto Partners in 2000. Prior to UBS, Dan worked at Chase Manhattan Bank, initially as a Financial Economist before being named head of Global Interest Rate and Currency Swaps Trading. Before joining the private sector, Dan served at The White House with the President’s Council of Economic Advisors from 1981 to 1983, was the Chief of Staff of the U.S. Congress’ Joint Economic Committee from 1984 to 1985 and was an economist at the U.S. Securities and Exchange Commission from 1977 to 1978. Dan holds a BBA and a PhD from University of Iowa. He has been working in the investment industry since 1977.

3-year Mean Monthly Return: 0.474%

Annual Returns 2019 2018 2017 2016 2015 2014
Fund Performance -0.58% +13.76% -4.77% +23.44% +6.59% +16.89%
Benchmark Performance
(Global Equity Income)
-9.74% +7.81% -2.45% +25.99% +0.46%
Time Period Cumulative Benchmark Performance
(Global Equity Income)
Fund Compared to Benchmark
1 day 0.72% -6.10% +6.82%
1 week 1.36% +5.88% -4.52%
1 month 6.40% -1.65% +8.05%
3 months 0.64% -3.77% +4.41%
6 months 0.57% +1.70% -1.12%
1 year 5.90% +2.02% +3.87%
3 years 5.15% +6.17% -1.03%
5 years 9.80% +7.51% +2.29%
10 years Currently unavailable Currently unavailable Currently unavailable
YTD -1.23% +1.40% -2.63%
Since inception 10.40% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
Deutsche Boerse AG DEU 4.18%
Cisco Systems Inc USA 4.16%
Unilever PLC GBR 4.05%
Roche Holding AG Dividend Right Cert. CHE 3.95%
Taiwan Semiconductor Manufacturing Co Ltd TWN 3.82%
Wolters Kluwer NV NLD 3.52%
Pfizer Inc USA 3.27%
RELX PLC GBR 3.26%
Intel Corp USA 3.21%
Schneider Electric SE FRA 2.96%
Dividend Date Per share amount Reinvestment Price
1st June 2020 0.0160 £1.3970
2nd March 2020 0.0222 £1.3510
2nd December 2019 0.0160 £1.4410
2nd September 2019 0.0160 £1.4890
3rd June 2019 0.0160 £1.3860
1st March 2019 0.0187 £1.3420