Fidelity Enhanced Income Fund

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Fidelity Enhanced Income Fund W-Income

Category UK Equity Income


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This fund can be held in an Investment ISA, SIPP and Investment Account
Last buy/sell price

81.93p

arrow-up0.01p (+0.01%)

Fund Code

WEINI

B87HPZ9

GB00B87HPZ94

Prices updated as at 27 Mar 2024
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Prices in GBX

Investment objective
The Fund aims to deliver an income that is at least 50% more than the income produced by the companies included in the FTSE All Share (Gross Total Return) Index. The Fund also has the potential to increase the value of investors investment. The Fund will invest at least 50% in equities (and their related securities) of companies domiciled, incorporated or having significant business in the UK and those which are listed in the UK. It is not restricted in terms of size or industry. Derivatives, including covered call options, will be used for investment purposes in order to further enhance the income generated by the underlying investments. The Fund is actively managed without reference to a benchmark.

Our view

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  • Michael Clark uses a ‘covered call’ strategy to deliver income beyond what is offered by the FTSE All Share Index.
  • In building the portfolio, Clark follows the same time-tested approach as that of the Fidelity MoneyBuilder Dividend Fund, which he also manages. His primary concern is providing ‘Safety of Income at a Reasonable Price’, or SIRP.
  • This manifests itself in a preference for undervalued, high quality businesses which not only pay strong dividends, but also grow them from year to year. Read more.

Important Information

Please note the value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and(3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.