FIDELITY INDEX US P
This follows a passive strategy using full replication of the S&P500 index
ANNUAL MANAGEMENT CHARGE
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.
|Dividends paid||January, April, July, October|
|Standard Initial Charge||0%|
|Initial Charge Via BestInvest||0%|
|Additional Bid/Offer Spread||0%|
|Annual Management Charge||0.06%|
|Ongoing Charges Figure||0.06%|
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
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Past performance is not a guide to future performance. View full risk warning