Fidelity Moneybuilder Balanced A

Consider separate bond and equity funds instead.

  • 45.42p
    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.

  • -
    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!

  • 1.00%
    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).

  • 1.21%
    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.

  • 3.70%

    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 24 November 2020, fund data last updated 11 July 2008

This fund is effectively an amalgamation of two separate portfolios and aims to combine and above-average yield with some capital growth and low volatility. With the advent of fund supermarkets, customised bond/equity splits can be achieved through the use of suitable funds from different managers.

Fund summary

Sector Mixed Investment 40-85% Shares
Structure OEIC
Launched February, 1993
Size £310m
Yield 3.70%
Charging basis Capital
Dividends paid 28th day of each month


Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.00%
Ongoing charges figure 1.21%


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Investment process

The fund aims to achieve an attractive level of income with some long-term capital growth from a portfolio invested in UK equities and fixed income securities. The official benchmark of the fund is a composite index representing 65% of the FTSE All-Share Index and 35% of the FTSE All Stocks Index. The stocks held in the equity portion of the fund result from bottom-up, fundamental analysis. While the manager invests across small, mid and large companies, there is likely to be a bias towards medium-sized companies. The fixed-income section is invested in UK government bonds, sterling-denominated corporate bonds and other fixed-income securities, such as interest-paying preference shares and convertibles.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.06%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.02%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 74.90%

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

Michael Clark / Ian Spreadbury

Clark joined Fidelity as a Research Analyst in 2002, becoming a Portfolio manager in 2007. He was previously a Research Analyst at JP Morgan from 1994-2002, at Enskilda from 1989-1994 and at Morgan Grenfell from 1986-1988. He has an MA in Economics from Cambridge University. Spreadbury has an MSc in Mathematical Studies and a fellow of the Institute of Actuaries. He began his investment career with Legal & General in 1985, eventually rising to Senior Fund Manager on fixed interest. He joined Fidelity in 1995 and began running fixed income portfolios immediately. He currently has responsibility for investment grade and high yield bond mandates.

Track record

Michael Clark / Ian Spreadbury has 2.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.02%. During the worst period of relative performance (from December 2009 - January 2011) there was a decline of 5% relative to the index. The worst absolute loss has been 4%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 75%.

Periods of worst performance

Absolute -4.00% (March 2010 - May 2010)
Relative -5.00% (December 2009 - January 2011)

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.


Proportion (%)

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Top 10 holdings

Data accurate as at 31 July 2020

5.5% Astrazeneca Plc
4.4% Hm Treasury United Kingdom Dmo 4.25% Gilt 07/03/36 Gbp0.01
3.7% Hm Treasury United Kingdom Dmo 3.25% Gilt 22/01/44 Gbp0.01
3.4% Rio Tinto
3.2% Glaxosmithkline
2.8% Hm Treasury United Kingdom Dmo 4.75% Gilt 07/12/30 Gbp
2.7% Hm Treasury United Kingdom Dmo 4.5% Gilt 7/12/42 Gbp
2.7% Unilever
2.7% British American Tobacco
2.5% Uk Gilt 5% 3/07/25 Rgs
Source: Trustnet

Sector breakdown

Fixed Interest 35.00%
Consumer Goods 14.00%
Financials 12.00%
Health Care 10.00%
Utilities 8.00%
Consumer Services 7.00%
Oil & Gas 4.00%
Basic Materials 4.00%
Telecommunications 2.00%
Technology 2.00%

Key Investor Information