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Fidelity Global Dividend W

Bestinvest LogoInvests in equities worldwide with a target yield 25% above the MSCI AC World Index

PRICE (INC)

207.5p

PRICE (ACC)

277.1p

INITIAL CHARGE

0%

ANNUAL MANAGEMENT CHARGE

0.75%

ONGOING CHARGE

0.93%

YIELD

2.9%

1 YEAR
6.83%

Prices as at 24 Jun 2022.

Fund commentary last updated 14 Oct 2021.

Past performance is not an indication of future performance.

Capital at risk.

The fund aims to deliver a good total return, with low volatility versus the MSCI All Country World Index. It also seeks to produce an income at least 25% more than that generated by companies within the index. Fund manager Daniel Roberts uses a bottom-up investment approach to find mainly large and mid-sized global companies that offer a healthy dividend yield, a growing level of income and the potential for capital growth. His portfolio is not restricted in terms of size, industry, or country. Holdings include consumer goods giant Unilever and Internet of Things group Cisco Systems.

Fund summary

SectorGlobal Equity Income
StructureOEIC
LaunchedOctober 2012
Size£2,351m
Yield2.9%
Charging BasisCapital
Dividends paid18 Jan, 18 Apr, 18 Jul, 18 Oct

Charges

Standard Initial Charge0%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread0%
Annual Management Charge0.75%
Ongoing Charges Figure0.93%
Equity
Equity
95%
95%
High Yield Bonds
High Yield Bonds
0%
0%
Quality Bonds
Quality Bonds
0%
0%
Property
Property
0%
0%
Commodities
Commodities
0%
0%
Hedge
Hedge
0%
0%
Fund Cash
Fund Cash
5%
5%

Investment Process

The manager’s approach is primarily bottom-up, looking at each individual holding in the portfolio and making a judgement call on dividend sustainability given balance sheet strength. The fund is managed in a conservative manner with an emphasis on limiting potential downside risk by selecting companies with strong fundamentals, sustainable earnings growth and those trading on attractive valuations which provide a sufficient margin of safety. The focus is primarily on larger stocks – those with the market cap / free float of $1bn+. The manager is benchmark agnostic (individual sector weights can go up to 25%, whilst regional allocation can be +/- 25% on a relative basis; the fund’s active share is typically > 90%). The manager is looking to strike a balance between delivering a headline yield and growing distribution per unit.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning