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Fidelity Global Equities Fund

Fund facts

Inception date:15 April 1998
Currency:Australian Dollar
Benchmark:MSCI ACWI Index (effective 1 November 2011)
Management costs^:1.15% p.a.
Buy/sell spread:0.30%/0.30%
Distribution frequency:Annually
APIR code:FID0007AU
ARSN code:093163672
Unit prices (at 30/09/14)^^:14.9575 / 14.8681 Download History
Fund size (at 30/09/14):A$113.16M
Portfolio manager:Amit Lodha
Location:London
Appointed to fund:01 October 2010
Joined Fidelity:2004

Fund

Investment objectives

To achieve returns in excess of the MSCI ACWI (All Country World Index) Index over the suggested minimum investment time period of five to seven years.


Key features

  • A core international holding.
  • Risk is managed by holding a diversified selection of thoroughly researched companies.
  • Favours companies that are positioned to deliver high earnings growth and capital returns, but where that potential is not yet fully reflected in the share price.
  • Identifies cyclical shares when the market is not fully discounting the earnings recovery as the product or economic cycle evolves.
  • Go anywhere mandate.

 

 


Past performance (net returns as at 31/08/14)

Timeframe 1 mth % 3 mth % 6 mth % 1 yr % pa 3 yr % pa 5 yr % pa 7 yr % pa 10 yr % pa 15 yr % pa Since Inception
(15.04.98) % pa
Fund* 1.30 2.79 0.31 13.41 19.74 10.89 3.45 6.39 1.71 3.97
Benchmark** 1.60 2.36 1.92 15.22 19.55 9.35 1.35 4.25 1.33 2.17
Active return -0.30 0.43 -1.61 -1.81 0.19 1.54 2.10 2.14 0.38 1.80

Growth and income (net as at 31/08/2014)

1 yr % pa 3 yr % pa 5 yr % pa Since inception
(15/04/98) % pa
Total return 13.41 19.74 10.89 3.97
Growth 12.96 19.16 10.54 2.26
Income 0.45 0.58 0.35 1.71

Distributions

Latest distribution Distribution (CPU)* Reinvestment price
30-Jun-14 5.589577 $14.0995

*CPU = cents per unit. The above cash CPU  excludes imputation credits and foreign income tax offsets which are non-cash components and are reported in the end of year tax statement.


Sector breakdown (as at 31/08/14)

Top holdings (as at 31/08/2014)

% total net assets
MICROSOFT CORP 2.0%
NOVARTIS AG 1.8%
CITIGROUP INC 1.7%
APPLE INC 1.7%
AMGEN INC 1.7%
ROYAL DUTCH SHELL PLC 1.6%
EXPRESS SCRIPTS HLDG CO 1.6%
CVS HEALTH CORP 1.6%
US BANCORP DEL 1.6%
KINNEVIK INVESTMENT AB 1.5%

Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. *The returns shown have been calculated using the net asset value of the Fund from one period to the next. The returns include any re-invested distributions and are after fees and expenses. No allowance has been made for taxation or for any fees charged by operators of master trusts or wrap accounts through which the products are offered. For periods greater than one year returns have been annualised. Growth return is the unit price movement on exit to exit basis. Income is expressed as Total Return less growth component.
** MSCI ACWI (All Country World Index) Index (effective 1 November 2011). Benchmark prior to 1 November 2011 is MSCI World Index. The major difference between the two indices is the inclusion of 21 emerging market country indices in the MSCI ACWI (All Country World Index) Index. In December 2006, the benchmark for the fund changed from MSCI World Index ex Australia to the MSCI World Index.
This Fund is unhedged and is subject to the risk of fluctuations in international stock markets and currencies. Investors accessing the Fund through a master trust or wrap account will also bear any fees charged by the operator of such master trust or wrap account. Any apparent discrepancies in the numbers are due to rounding. Prior to December 2006, the benchmark for the fund was MSCI World ex Australia. ^Management Costs and buy/sell spread are current as at the date of publication of this website. These fees may be subject to change in the future. ^^These application and redemption prices are current as at the time of this communication, but are not the guaranteed prices you will receive should you apply for or redeem any units on or after the time of this communication, because the actual price may be calculated by reference to a different date.

This website is intended to provide general information only and has been prepared without taking into account your objectives, financial situation or needs. You should consider these matters before acting on the information and consider the relevant Product Disclosure Statement for any product named on this website before making an investment decision.

© 2014 FIL Responsible Entity (Australia) Limited ABN 33 148 059 009, AFSL No. 409340.
Fidelity, Fidelity Worldwide Investment and the Fidelity Worldwide Investment logo and F symbol are trademarks of FIL limited.

This document is issued by FIL Responsible Entity (Australia) Limited ABN 33 148 059 009, AFSL No. 409340 ("Fidelity Australia"). Fidelity Australia is a member of the FIL Limited group of companies commonly known as Fidelity Worldwide Investment. Prior to making an investment decision retail investors should seek advice from their financial adviser. Please remember past performance is not a guide to the future. Investors should also obtain and consider the Product Disclosure Statements ("PDS") for the fund mentioned in this document. The PDS is available on www.fidelity.com.au or can be obtained by contacting Fidelity Australia on 1800 119 270. This document has been prepared without taking into account your objectives, financial situation or needs. You should consider such matters before acting on the information contained in this document. This document may include general commentary on market activity, industry or sector trends or other broad based economic or political conditions which should not be construed as investment advice. Information stated herein about specific securities is subject to change. Any reference to specific securities should not be construed as a recommendation to buy, sell or hold these securities. While the information contained in this document has been prepared with reasonable care no responsibility or liability is accepted for any errors or omissions or misstatements however caused. The document may not be reproduced or transmitted without prior written permission of Fidelity Australia. The issuer of Fidelity funds is FIL Responsible Entity (Australia) Limited ABN 33 148 059 009. References to ($) are in Australian dollars unless stated otherwise. © 2014 FIL Responsible Entity (Australia) Limited. Fidelity, Fidelity Worldwide Investment, and the Fidelity Worldwide Investment logo and F symbol are trademarks of FIL Limited.