Fidelity MoneyBuilder Growth ISA

Targets capital growth and income from mostly large-cap UK equities.

  • 0.00p
    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).

  • 1.00%
    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.

  • 0.00%
    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…

Fund data last updated 01 February 2002

Investing predominantly in larger UK companies, typically in the FTSE 100 and top half of the FTSE 250, the fund aims to provide some income, whilst producing steady capital returns. The portfolio strategy is to invest in mis-priced industry winners, Fidelity defines these as a company which has a sustainable competitive advantage, leading to strong long-term growth prospects. Fidelity has a strong analytic resource divided into sector specialists and as such the idea of the fund fits well with Fidelity's framework.

Fund summary

Sector UK All Companies
Structure X-OEIC
Launched September, 1999
Size £434m
Yield 0.00%
Charging basis
Dividends paid 15 Jan, 15 Jul

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 1.00%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Investment process

This is a conservatively managed UK equity fund, typically holding 60-80% in FTSE 100 companies. Although the bias is to large companies, the manager is not restricted in the choice of company either by size or industry. The manager makes great use of the in house analyst resource within Fidelity and when searching for industry winners he tends to focus upon stocks that offer growth, strong cash flow characteristics, combined with good management. The manager believes that typically, industry winners will continue to stay ahead of the pack, and that this is not always recognised in the stockmarket. Therefore, such companies often represent good value as often they do not trade on significant premiums within their industry peer group.

Manager research

Average monthly relative returns

  • 14/15 0.87%
  • 15/16 0.08%
  • 16/17 0.33%
  • 17/18 -0.40%
  • 18/19 -0.34%

Bestinvest MRI

  • 3 years -0.14%
  • 5 years 0.11%
  • Career 0.11%
  • 3 years 42.10%
  • 5 years 75.80%
  • Career 97.60%

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

Leigh Himsworth

Born in 1968, Himsworth began his career in 1989 at Price Waterhouse where he trained as an accountant. After completing an MBA he joined Rensburg in 1995, initially in private client stockbroking before moving to fund management. From 1998-2000 he was a fund manager with Nestle UK Pension Trust, responsible for UK Mid Cap and Small Cap portfolios. On rejoining Rensburg in 2001 he took over the UK Mid Cap fund. In April 2006 he joined Royal London to manage the Mid Cap growth fund. In September 2009 he joined Gartmore as Head of UK Equities. In July 2011 he moved to Eden Financial.

Track record

Leigh Himsworth has 17.5 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.11%. During the worst period of relative performance (from April 2017 - June 2019) there was a decline of 13% relative to the index. The worst absolute loss has been 45%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 98%.

Periods of worst performance

Absolute -45.00% (February 2001 - January 2003)
Relative -13.00% (April 2017 - June 2019)

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

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 31 July 2019

5.3% Bp
4.7% Prudential Plc
3.8% Astrazeneca Plc
3.5% Royal Dutch Shell
3.3% Diageo
3.3% Wh Smith Plc
3.1% Glencore Plc
2.8% Meggitt Plc
2.6% Cranswick
2.4% Bhp Group Plc
Source: Trustnet

Sector breakdown

Industrials 23.00%
Financials 18.00%
Oil & Gas 12.00%
Consumer Services 10.00%
Basic Materials 10.00%
Health Care 9.00%
Consumer Goods 9.00%
Utilities 4.00%
Money Market 2.00%
Technology 2.00%

Portfolio

Typically 40-50 holdings, with approximately 70% of the fund invested within the FTSE 100.

Key Investor Information

Download