Fidelity Index US P

  • 278.93p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 327.60p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.06%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.06%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 1.10%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 27 July 2021

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

Sector North America
Structure OEIC
Launched
Size £2,692m
Yield 1.10%
Charging basis Income
Dividends paid 18 Jan, 18 Apr, 18 Jul, 18 Oct

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.06%
Ongoing charges figure 0.06%

Allocation

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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

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Sector breakdown

Information Technology 28.00%
Health Care 15.00%
Consumer Discretionary 11.00%
Communications 11.00%
Financials 10.00%
Industrials 8.00%
Consumer Staples 7.00%
Utilities 3.00%
Real Estate 3.00%
Materials 3.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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