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FIDELITY INDEX US P

Bestinvest LogoThis follows a passive strategy using full replication of the S&P500 index

PRICE (INC)

314.94p

PRICE (ACC)

381.8p

INITIAL CHARGE

0%

ANNUAL MANAGEMENT CHARGE

0.06%

ONGOING CHARGE

0.06%

YIELD

1.3%

1 YEAR
2.61%
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Prices as at 04 Dec 2023.

We don’t currently provide commentary on this fund.

Past performance is not an indication of future performance.

Capital at risk.

The Fund aims to track the performance of the S&P 500 (NUK) Index (before fees and expenses are applied) thereby seeking to increase the value of investor's investment over a period of 5 years or more. NUK means Net Total Return (WHT 15%). NUK is a customised index variant, designed and maintained by S&P, which aligns more closely with this Fund’s withholding tax treatment. The performance of the Fund is unlikely to track the performance of the index precisely. The Fund uses an ‘index tracking’ (also known as ‘passive’) investment management approach whereby it aims to replicate the composition of the index. However, for practical reasons and/or to reduce the dealing costs of the Fund, it may not invest in every company share in the index or at its weighting within the index.

Fund summary

SectorNorth America
StructureOEIC
LaunchedMarch 2014
Size£4,542m
Yield1.3%
Dividends paidJanuary, April, July, October

Charges

Standard Initial Charge0%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread0%
Annual Management Charge0.06%
Ongoing Charges Figure0.06%

Investment Process

Passive strategy, using full replication – the fund aims to hold all the stocks in the index at their index weight. Uses S&P 500 Index futures to invest cash flows and minimise transaction costs The fund systematically holds slightly lower physical stock weights, with the difference reflected as a cash holding equitised via index futures (<3% of fund TNA). In order to diversify risk, the cash holding is swept overnight to Fidelity’s Institutional Liquidity Fund and/or a panel of 15 – 20 high quality financial institutions determined by Fidelity’s Counterparty Research & Analysis Group. Aim is to keep portfolio fully invested, with any real uninvested cash exposure typically <0.01% of fund TNA

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