Investment objective
To achieve returns in excess of the MSCI All Country World Index NR over the suggested minimum investment time period of five to seven years.
A diversified portfolio of typically 50 to 70 companies globally where demographic factors are likely to be the most important driver of companies earnings over the medium-to-long term.
Uses a rigorous analysis to categorise companies into whether they have already benefited from demographic trends and those who are likely to win in the future - typically domestic leaders in new growth markets or innovators.
A portfolio of both ‘winners of today’ and ‘winners of tomorrow’ focused on companies with strong management and diversified across geographies and market cap.
Key facts
Fund performance2
Net returns as at 30 November 2019
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 yr % | 25.73 | 22.73 | 3.00 |
| 3 yr % pa | 19.10 | 15.29 | 3.81 |
| 5 yr % pa | 14.06 | 12.35 | 1.71 |
| 7 yr % pa | 18.52 | 16.53 | 1.99 |
| Since inception (30/11/12) % pa | 18.52 | 16.53 | 1.99 |
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
Since inception (30/11/12) % pa |
|---|---|---|---|---|---|
| Fund | 25.73 | 19.10 | 14.06 | 18.52 | 18.52 |
| Benchmark | 22.73 | 15.29 | 12.35 | 16.53 | 16.53 |
| Active return | 3.00 | 3.81 | 1.71 | 1.99 | 1.99 |
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. Benchmark: MSCI ACWI (All Country World Index) Index NR. NR: NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties.
See for yourself how the fund has performed since inception. The chart below represents the value now of $10,000 invested in the Fidelity Global Demographics Fund in November 2012 compared with $10,000 invested in the MSCI All Country World Index NR.
Chart as at: 30 November 2019
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. Benchmark: MSCI ACWI (All Country World Index) Index NR. NR: NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties.
Net as at 30 November 2019
| Total return | Growth | Income | |
|---|---|---|---|
| 1 yr % | 25.73 | 21.76 | 3.97 |
| 3 yr % pa | 19.1 | 13.01 | 6.09 |
| 5 yr % pa | 14.06 | 8.39 | 5.67 |
| 7 yr % pa | 18.52 | 12.36 | 6.16 |
| Since inception (30/11/12) % pa | 18.52 | 12.36 | 6.16 |
| 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
Since inception (30/11/12) % pa |
|
|---|---|---|---|---|---|
| Total return | 25.73 | 19.1 | 14.06 | 18.52 | 18.52 |
| Growth | 21.76 | 13.01 | 8.39 | 12.36 | 12.36 |
| Income | 3.97 | 6.09 | 5.67 | 6.16 | 6.16 |
Growth return is the unit price movement on exit to exit basis. Income is expressed as Total Return less growth component.
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. Benchmark: MSCI ACWI (All Country World Index) Index NR. NR: NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties.
Sectors, holdings and distributions
As at 31 October 2019
As at 31 October 2019
| % total net assets | |
|---|---|
| MICROSOFT CORP | 3.6% |
| LVMH MOET HENNESSY SE | 3.5% |
| ALPHABET INC | 3.5% |
| L'OREAL SA | 3.1% |
| AMAZON.COM INC | 3.1% |
| CSL LTD | 3.0% |
| ABBOTT LABORATORIES | 2.9% |
| BOSTON SCIENTIFIC CORP | 2.7% |
| STRYKER CORP | 2.6% |
| ALIBABA GROUP HOLDING LTD | 2.5% |
As at 31 October 2019
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| LVMH MOET HENNESSY SE | 3.5 | 0.2 | 3.2 |
| L'OREAL SA | 3.1 | 0.2 | 3.0 |
| CSL LTD | 3.0 | 0.2 | 2.8 |
| BOSTON SCIENTIFIC CORP | 2.7 | 0.1 | 2.6 |
| ABBOTT LABORATORIES | 2.9 | 0.3 | 2.6 |
As at 31 October 2019
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| FACEBOOK INC | 0.0 | 1.0 | - 1.0 |
| JPMORGAN CHASE & CO | 0.0 | 0.8 | - 0.8 |
| JOHNSON & JOHNSON | 0.0 | 0.7 | - 0.7 |
| NESTLE SA | 0.0 | 0.7 | - 0.7 |
| PROCTER & GAMBLE CO | 0.0 | 0.7 | - 0.7 |
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 28-Jun-19 | 68.875 | $21.1397 |
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. If the Distribution CPU column is 0.0000 it means that nothing was distributed.
Get Fidelity insights
Fidelity Insights is a free, monthly e-newsletter that brings you valuable and distilled investment insights, opinion and education.
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This Fund is subject to the risk of stock market fluctuations. 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.
1Management 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.
2Total returns (net) have been calculated using exit prices and take into account the applicable buy/sell spread and are net of Fidelity’s management costs, transactional and operational costs and assumes reinvestment of distributions. No allowance has been made for tax. Returns of more than one year are annualised. The return of capital is not guaranteed.
Why this fund
Designed to benefit from powerful global demographic trends.
Portfolio of 'winners of today' and 'winners of tomorrow' aims to provide long-term growth with lower volatility.
A global team providing unique insights into investment themes and ideas backed by 400 Fidelity investment professionals.
Related insights
Outlook 2020: Demographics
Macroeconomic uncertainty persists which only further increases the importance of investing in long term, structural trends such as demographics. Our focus on owning good quality companies for the long term has the potential to deliver superior returns.
Q4 Outlook: Bending, not breaking
The third quarter saw no resolutions to the many risks weighing on the markets and introduced a few new ones. But no resolution does not mean an absence of progress...Here's our Q4 2019 outlook for the global economy, equities, fixed income, multi asset and real estate.
The global view
Fidelity’s Global Equities Portfolio Managers met recently for their quarterly review covering macro, markets and stocks. As part of the process, they discussed what has been driving markets, and the outlook for the coming quarters. Here are some of the key observations.
Volatility: 10 key messages for investors
Markets are subject to periods of event-related volatility during which can undermine investor confidence. Here are 10 key messages to help your client understand better understand volatility.
Get Fidelity insights
Fidelity Insights is a free, monthly e-newsletter that brings you valuable and distilled investment insights, opinion and education.
This Fund is subject to the risk of stock market fluctuations. 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.
1Management 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.
2Total returns (net) have been calculated using exit prices and take into account the applicable buy/sell spread and are net of Fidelity’s management costs, transactional and operational costs and assumes reinvestment of distributions. No allowance has been made for tax. Returns of more than one year are annualised. The return of capital is not guaranteed.