Notification of changes to Fidelity Global Dividend fund
We have been notified by Fidelity International ("Fidelity") of changes to its Fidelity Global Dividend fund (the “Fund”). These changes will become effective on 13 February 2026 and 1 March 2026 (the “Effective Dates”).
AVAILABLE IN OUR DEFINED FUND RANGE PRODUCTS SHOWN OPPOSITE
- Fidelity Global Dividend A Acc GBP - GB00B7FQHJ97
Update to the Investment Policy
The investment policy of the Fund will be updated from 13 February 2026 with additional wording; to clarify the range of holdings in the Fund, highlighting that concentrated portfolios have the potential of experiencing relatively higher levels of volatility; and to make clear that the Fund is not constrained by a benchmark index in its portfolio management approach.
| Current Investment Policy | Investment Policy from 13 February 2026 |
|---|---|
| The Fund will invest at least 70% in equities (and their related securities) of companies globally. The Investment Manager will choose investments which it believes offer attractive dividend yields in addition to price appreciation. It is not restricted in terms of size, industry, or geographical split. The Fund is actively managed without reference to a benchmark. The Fund may also invest in other transferable securities, collective investment schemes, money market instruments, cash and deposits and is also able to use derivatives for efficient portfolio management. | The Fund will invest at least 70% in equities (and their related securities) of companies globally and aims to hold a concentrated portfolio of 35-55 securities. The Investment Manager will choose investments which it believes offer attractive dividend yields in addition to price appreciation. It is not restricted in terms of size, industry, or geographical split. The Fund is actively managed and will invest in a concentrated portfolio of companies the Investment Manager considers will outperform over the period. The Fund is not constrained by a benchmark. The Fund may also invest in other transferable securities, collective investment schemes, money market instruments, cash and deposits and is also able to use derivatives for efficient portfolio management. |
Standardising how third-party expenses are charged
All funds incur some third-party costs relating to, for example, legal and professional expenses. Fidelity advise that they are moving to standardise how these third-party expenses are charged to each of their funds. From 1 March 2026 third party expenses will change from being charged against fund Income to instead being charged against fund Capital. These costs are not increasing, and this may constrain capital growth.
There will be no impact on how the Fund is managed as a result of these changes and the risk profile will remain the same.
The changes will take effect automatically and policyholders do not need to take any action.
AVAILABLE IN OUR OPEN-ARCHITECTURE PRODUCTS
A number of Fidelity International funds which can be accessed through our portfolio bonds will also be subject to the changes detailed in the Fidelity notification and Appendix opposite.
For more information regarding Fidelity Funds visit: https://fidelityinternational.com/