Fidelity Extra Income Y Acc

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Quick Stats

Bid Price - Offer Price -
Mid Price GBX 136.60 Day Change GBX +0.20 (0.15%)
Price Date 20 Nov 2019 Crown Rating 5
Shares Class Inc. Yield 3.29 %
Total Expense Ratio 0.77 Fund Size 612,134,390.68
Launch Date 25/02/1999 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible No
Annual Management Charge (%) 0.60 Sector IMA UK Equity Income
Min Investment (£) 1,000.00 Total Expense Ratio (%) 0.77
ISIN GB00BFRT3611 Min TopUp (£) 250.00
Ongoing Charge (%) 0.7700 Ongoing Charge Date 28/02/2019

Fund Objective

Aims to achieve a relatively high level of income. Obtains exposure primarily to a combination of UK corporate and government bonds and other fixed income and money market securities, preference shares and convertibles. Investments may be made in relation to bonds issued in currencies other than the fund’s denominated currency. Exposure to currencies may be hedged, for example with currency forward contracts. Can invest in relation to bonds issued by governments, companies and other bodies. The fund may make use of derivatives which are consistent with achieving the fund’s objective. This may result in “leverage” by which we mean a level of exposure which could expose the fund to the potential of greater gains or losses than would otherwise be the case. The fund has discretion in its choices of investments within its objectives and policies.

Fund Managers

Sajiv Vaid

Sajiv joined Fidelity in 2015 as co-manager of the Fidelity MoneyBuilder Income and Extra Income Funds. He became lead manager of both funds in January 2019 and has also been lead manager of the Fidelity Short Dated Corporate Bond Fund since its launch in November 2016. After graduation, Sajiv joined Gerrard Group as a trainee bond fund manager, working there until 1997. He then moved to Fuji Investments as a fully-fledged bond fund manager, where he managed global fixed income portfolios. In 2001, he joined Royal London Asset Management where he managed their flagship retail and institutional corporate funds. Sajiv graduated from the University of Hull in 1991 in Economic & Social History and holds an MA in Modern International Studies from University of Leeds.

Peter Khan

Peter Khan is Portfolio Manager of Fidelity’s Global High Yield, Total Return Credit (Multi-Asset Credit and Income) and Absolute Return bond portfolios. Peter joined Fidelity in 2000 as a trader and was promoted to Head of Trading in 2003. Peter became a portfolio manager in 2009 and has been responsible for a number of global fixed income portfolios, including Fidelity’s Global High Yield and Global Income funds. Prior to Fidelity, he was with Bayerische Hypo-und-Vereinsbank as the Head of Trading of the London Eurobond desk. Peter has an MBA Finance and International Business from Stern School of Business, New York University.

Fund Performance

Cumulative Performance

Discrete Performance

Top 10 Holdings

Name Weight
HM TREASURY UNITED KINGDOM DMO 4.84%
(LLOYDS) HBOS PLC 2.38%
ELECTRICITE DE FRANCE 2.22%
(CYBGLN) VIRGIN MONEY HLGD 1.96%
(THAMES) THAMES WATER UTIL CAY 1.75%
GENERAL ELECTRIC CO. 1.51%
Aa Bond Co Ltd 1.48%
(INTULN) INTU (SGS) FINANCE PL 1.44%
(TSCOPR) TESCO PROPERTY FIN 2 1.37%
EI GROUP PLC 1.32%

Asset Breakdown

Name Weight
African Fixed Interest 0.93%
American Emerging Fixed Intere 2.27%
Asia Pacific Fixed Interest 1.92%
Asia Pacific ex Japan Fixed In 0.01%
European Fixed Interest 11.36%
Foreign Exchange 0.65%
French Fixed Interest 5.29%
German Fixed Interest 4.46%
Global Fixed Interest 0.02%
Japanese Fixed Interest 0.53%
Middle East & African Fixed In 1.06%
Money Market 0.48%
Scandinavian Fixed Interest 2.61%
Swiss Fixed Interest 0.46%
UK Fixed Interest 58.72%
US Fixed Interest 9.23%

Region Breakdown

Name Weight
Africa ex S Africa 0.93%
Asia Pacific ex Japan 0.01%
Australasia 1.92%
Continental Europe 4.37%
Europe 6.99%
France 5.29%
Germany 4.46%
Japan 0.53%
Latin America 2.27%
Middle East/ Africa 1.06%
Money Market 0.48%
Not Specified 0.65%
Others 0.02%
Scandinavia 2.61%
Switzerland 0.46%
UK 58.72%
USA 9.23%

Sector Breakdown

Name Weight
Asset/Mortgage-Backed Securiti 12.00%
Foreign Exchange 0.65%
Government Bonds 4.84%
High Yield Bond 31.17%
Investment Grade Bonds 1.06%
Money Market 0.48%
Others 3.87%