Fidelity Moneybuilder Balanced A

Consider separate bond and equity funds instead.

  • 49.06p Price (Inc)
  • - Price (Acc)
  • 0.00% Initial charge
  • 1.00% Annual management charge
  • 1.21% Ongoing charges
  • 3.90% Yield

Prices as at 09 December 2019, 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 £388m
Yield 3.90%
Charging basis Capital
Dividends paid 28th day of each month

Charges

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

  • 14/15 0.00%
  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.06%
  • 18/19 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.

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Top 10 holdings

Data accurate as at 31 July 2019

5.8% Uk Gilt 3.75% 9/7/19 Regs
4.6% Hm Treasury United Kingdom Dmo 4.25% Gilt 07/03/36 Gbp0.01
4.2% Astrazeneca Plc
4.2% Uk Gilt 5% 3/07/25 Rgs
3.4% Glaxosmithkline
3.2% Royal Dutch Shell
3.2% Bp
3% Hm Treasury United Kingdom Dmo 4.5% Gilt 7/12/42 Gbp
2.9% Hm Treasury United Kingdom Dmo 3.25% Gilt 22/01/44 Gbp0.01
2.8% Diageo
Source: Trustnet

Sector breakdown

Fixed Interest 36.00%
Financials 15.00%
Consumer Goods 12.00%
Health Care 8.00%
Oil & Gas 7.00%
Utilities 7.00%
Consumer Services 5.00%
Basic Materials 3.00%
Telecommunications 3.00%
Industrials 2.00%

Key Investor Information

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