F&C UK Equity Income Fund Share Class 2 Acc


Buy/Sell Price  (as of 29/09/2016) £0.7062   Day Change :  0.71%     Fund Code:  FCUEI 

Important documents Before investing please ensure that you have read the Fidelity Key Features Document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found by clicking on the 'Important documents' link.

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Biography

Rodger McNair joined Dunedin Fund Managers in 1987 as trainee investment analyst. Moved to Friends Ivory & Sime in 1990 as investment manager in the North American team, working in the US. Appointed Senior Investment Manager in the UK team in 1994 and now heads the UK team in Edinburgh.

Biography

Michael Ulrich is an Associate Director in the UK Equity Team, specialising in UK mid-cap investments, having joined the group in November 2005. He was previously at Deutsche Asset Management where he spent nine years in a variety of positions including UK Mid-Cap Company Specialist and Head of UK Media, Construction, Steel and Paper company research. He graduated from Keele University with a BA in Law and Politics in 1994. Michael is a CFA Charter holder.
Investment HouseF&C (BMO GAM)
Fund ProviderF&C (BMO Global Asset Management)
ManagerRodger McNair   Biography
ManagerMichael Ulrich   Biography

Fund Objective The Fund aims to provide a yield significantly higher than that offered by the major UK equity indices with some long term capital growth. We will achieve this higher income by investing predominantly in equities (including preference shares and convertible bonds) with an above average yield rather than investing in fixed interest securities. The Authorised Corporate Director may invest up to 10% of the portfolio overseas. The Fund may invest indirectly through other permitted investment vehicles in accordance with its investment powers as set out in the Prospectus.

Key Statistics

Fund Status
Fund TypeOEIC
ISINGB00B7TFC979
12-Month NAV High £0.71
12-Month NAV Low £0.56
Fund Comparative IndexFTSE All Share TR GBP
Morningstar CategoryTMUK Equity Income
Dividend FrequencyTwice Yearly
Historic Yield3.30%

Annual Charges

Morningstar ratings

 as of  31/08/2016
Overall3 star
3 Years3 star
5 YearsN/A
10 YearsN/A

Growth of £1000 Help

 as of  29/09/2016

Past Performance (%) Help

as of 

This Fund

     
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Fund versus Morningstar Category

     
---5.66-4.754.63
Important Information

The value of the fund and the income from it can go down as well as up so you may get back less than you invested. If your fund invests in overseas markets, changes in currency exchange rates may affect the value of your investment. If your fund invests in small and emerging markets, these can be more volatile than other more developed markets. Past performance is not a guide to future returns.
For funds that invest in bonds, please be aware that the price of bonds is influenced by movements in interest rates, changes in the credit rating of bond issuers, and other factors such as inflation and market dynamics. In general, as interest rates rise the price of a bond will fall. The risk of default is based on the issuer's ability to make interest payments and to repay the loan at maturity. Default risk may therefore vary between different government issuers as well as between different corporate issuers.

 Some of the performance and risk data presented may start before the share class was launched. If so, the data prior to the launch date of the share class is based on the fund or share class that has similar or higher charges, in order to provide an indication of longer term performance and risk. Please refer to the launch date and performance start date in the fund factsheet to determine whether the data has been extended.Past Performance and Risk & Volatility figures are presented in British Pounds Sterling (GBP). Fund returns are calculated on a Nav to Nav or Bid to Bid basis with income reinvested either after tax (for UK-domiciled funds) or gross of tax (for offshore funds). Performance figures include the effect of the OCF/TER. To cover distribution costs a separate service fee is now also charged on most funds, which is not included in the past performance figures. Consequently the past performance of the fund may be less than that shown on the chart due to the effect of the service fee.

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