Fidelity Moneybuilder Income A

Fund manager Ian Spreadbury seeks to add value relative to peer group funds by investing in a diversified portfolio of predominantly quality UK corporate bonds. The fund may also invest up to 25% in gilts or other developed market government securities. Exposure to high yield bonds is limited to 5%, and there are no holdings in convertibles or preference shares. The corporate bonds are predominantly sterling / euro denominated, with all foreign currency exposure hedged back to £. Bonds issued by major governments and companies will be more stable than those issued by emerging markets or smaller corporate issuers; in the event of an issuer experiencing financial difficulty, there may be a risk to some or all of the capital invested. Any historical or current yields quoted should not be considered reliable indicators of future performance.