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AVIVA FIDELITY MONEY BUILDER INCOME S6 PF - Fund overview

Bestinvest rating 5 stars


Overview of AVIVA FIDELITY MONEY BUILDER INCOME S6 PF

Fund manager Ian Spreadbury seeks to add value relative to peer group funds by investing in a diversified portfolio of predominantly quality UK corporate bonds. The fund may also invest up to 25% in gilts or other developed market government securities. Exposure to high yield bonds is limited to 5%, and there are no holdings in convertibles or preference shares. The corporate bonds are predominantly sterling / euro denominated, with all foreign currency exposure hedged back to £.

Standard Initial Charge

No data available.

Fund summary

Sector  –
Product type  PENSION FUND
Launched  May, 2006
Size  £42m
Yield 0.0%
Charging basis  –
Dividends paid  –
Bid price 145.53p

Fund Charges

Standard Initial charge
Initial charge via Bestinvest
Additional bid/offer spread 0.00%
Annual management charge 1.00%
Total expense ratio 1.00%
Reduction in yield (10yr) 1.00%

Bestinvest says


This is a core UK quality bond fund run by one of the most respected fund managers in the peer group, with a proven track record across market cycles. The fund is managed with a view to delivering outperformance relative to the sector, consequently its performance is unlikely to deviate substantially from the broader asset class. Historically the manager has been one of the more conservative investors in his peer group, but has still achieved strong risk return credentials.

Portfolio

aviva fidelity money builder income s6 pf asset allocation illustration
Allocation Proportion
Equity 0%
High yield bonds 7%
Quality bonds 91%
Property 0%
Commodities 0%
Hedge 0%
Fund cash 2%
aviva fidelity money builder income s6 pf equity geographic illustration
Allocation Proportion
UK 100%
Europe 0%
Nth America 0%
Japan 0%
Pacific 0%
Other Equity 0%
aviva fidelity money builder income s6 pf equity capitalisation illustration
Allocation Proportion
Large Caps 0%
Mid Caps 0%
Small Caps 0%

Investment process


The fund is benchmarked for performance purposes against the peer group, with the aim of providing superior risk adjusted returns. The investment process is split approximately 50/50 between quantitative driven models and traditional fundamental analysis. The manager seeks to add value through asset allocation (gilt or non-gilt), sector and quality allocation (industry and credit rating), yield curve strategy and individual stock selection. The portfolio is structured to provide exposure to diversified sources of alpha to ensure that no particular strategy dominates the risk profile and active trades have as little correlation as possible with each other. Relative duration positions are usually +/-1 year measured against the Merrill Lynch Euro-Sterling index and have historically assumed a lesser role.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

Bestinvest (Brokers) Ltd & Bestinvest (Consultants) Ltd are authorised and regulated by the Financial Services Authority. This site is for UK Investors only

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