Fidelity MoneyBuilder Income Fund

Select share classes

Fidelity MoneyBuilder Income Fund W Accumulation

A Select 50 Fund - Fidelity insight
Category GBP Corporate Bond



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

1,447.00p

arrow-down-4.00p (-0.28%)

Fund Code

YCBA

BBGBFM0

GB00BBGBFM09

Prices updated as at 19 Oct 2020
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Prices in GBX

Investment objective
The fund aims to deliver an income (any income received is re-invested for growth) with the potential to increase the value of your investment. The fund will be at least 70% exposed to sterling-denominated (or hedged back to sterling) investment grade debt instruments. The manager will, when selecting investments for the fund and for the purposes of monitoring risk, consider the ICE Bank of America Merrill Lynch Euro-Sterling Index. However, the manager has a wide degree of freedom relative to the index and may invest in issuers, sectors, countries and security types not included in the index in order to take advantage of investment opportunities. This means the fund’s investments and therefore performance may vary significantly from the index.

Our view

Profile
Becky Qin
Research Analyst

The Fidelity MoneyBuilder Income Fund is managed by Sajiv Vaid. It aims to achieve an attractive level of return while keeping risk firmly under control from a richly diversified portfolio primarily invested in sterling-denominated (or hedged back to sterling) bonds issued by companies.

The manager believes that investment grade (high quality) corporate bonds may be the ‘sweet spot’ in the fixed income market, delivering modest income while keeping risks in check.

While every bond bears some degree of ‘default risk’ - the possibility that the borrower will go bust - Vaid believes that careful research can minimise such risks.

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.