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Fidelity Index US P

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

PRICE (INC)

296.72p

PRICE (ACC)

352.57p

INITIAL CHARGE

0%

ANNUAL MANAGEMENT CHARGE

0.06%

ONGOING CHARGE

0.06%

YIELD

1.1%

1 YEAR
8.98%

Prices as at 10 Aug 2022.

We don’t currently provide commentary on this fund.

Past performance is not an indication of future performance.

Capital at risk.

The objective of the fund is to achieve long term capital growth by closely matching the performance of the S&P 500 Index. The fund aims to seek its objective by holding company shares that represent the benchmark index. The fund may use stock index futures to achieve its investment objective. The fund can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the company's risk profile.

Fund summary

SectorNorth America
StructureOEIC
LaunchedMarch 2014
Size£3,015m
Yield1.1%
Charging BasisIncome
Dividends paid18 Jan, 18 Apr, 18 Jul, 18 Oct

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