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.
Aims to exploit market inefficiencies by targeting the beneficiaries of demographic trends early, seeking out companies with innovative products and services that will address evolving demographic needs.
The co-manager approach ensures deep understanding of stock and industry dynamics and enables PMs to cover investment universe in greater detail.
Key facts
Fund performance2
Net returns as at 28 February 2021
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 yr % | 14.24 | 8.47 | 5.77 |
| 3 yr % pa | 13.33 | 10.53 | 2.80 |
| 5 yr % pa | 13.44 | 12.41 | 1.03 |
| 7 yr % pa | 14.19 | 11.34 | 2.85 |
| Since inception (30/11/12) % pa | 17.30 | 14.81 | 2.49 |
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
Since inception (30/11/12) % pa |
|---|---|---|---|---|---|
| Fund | 14.24 | 13.33 | 13.44 | 14.19 | 17.30 |
| Benchmark | 8.47 | 10.53 | 12.41 | 11.34 | 14.81 |
| Active return | 5.77 | 2.80 | 1.03 | 2.85 | 2.49 |
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: 28 February 2021
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 28 February 2021
| Total return | Growth | Income | |
|---|---|---|---|
| 1 yr % | 14.24 | 8.98 | 5.26 |
| 3 yr % pa | 13.33 | 6.25 | 7.08 |
| 5 yr % pa | 13.44 | 8.22 | 5.22 |
| 7 yr % pa | 14.19 | 8.23 | 5.96 |
| Since inception (30/11/12) % pa | 17.3 | 11.47 | 5.83 |
| 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
Since inception (30/11/12) % pa |
|
|---|---|---|---|---|---|
| Total return | 14.24 | 13.33 | 13.44 | 14.19 | 17.3 |
| Growth | 8.98 | 6.25 | 8.22 | 8.23 | 11.47 |
| Income | 5.26 | 7.08 | 5.22 | 5.96 | 5.83 |
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 January 2021
As at 31 January 2021
| % total net assets | |
|---|---|
| MICROSOFT CORP | 4.2% |
| TAIWAN SEMICONDUCTOR MFG CO LTD | 3.5% |
| THERMO FISHER SCIENTIFIC INC | 3.5% |
| APPLE INC | 3.3% |
| ALPHABET INC | 3.3% |
| AMAZON.COM INC | 3.2% |
| LVMH MOET HENNESSY SE | 3.1% |
| L'OREAL SA | 2.7% |
| FANUC CORPORATION | 2.6% |
| ALIBABA GROUP HOLDING LTD | 2.6% |
As at 31 January 2021
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| THERMO FISHER SCIENTIFIC INC | 3.5 | 0.3 | 3.1 |
| LVMH MOET HENNESSY SE | 3.1 | 0.3 | 2.8 |
| TAIWAN SEMICONDUCTOR MFG CO LTD | 3.5 | 0.9 | 2.6 |
| FANUC CORPORATION | 2.6 | 0.1 | 2.5 |
| L'OREAL SA | 2.7 | 0.2 | 2.5 |
As at 31 January 2021
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| FACEBOOK INC | 0.0 | 1.1 | -1.1 |
| TESLA INC | 0.0 | 1.0 | -1.0 |
| TENCENT HLDGS LTD | 0.0 | 0.9 | -0.9 |
| JOHNSON & JOHNSON | 0.0 | 0.7 | -0.7 |
| SAMSUNG ELECTRONICS CO LTD | 0.0 | 0.7 | -0.7 |
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 30-Sep-20 | 0.0000 | $0.0000 |
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.
Fund downloads
- Additional Information
- Product Disclosure Statement(93.06KB)
- Fund flyer(652.10KB)
- Application form(653.34KB)
- Fund fact sheet(74.05KB)
Fund ratings3
| Organisation | Rating / Recommendation |
|---|---|
| Lonsec |
Morningstar 2020 Australia Fund Manager of the Year5
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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
Demographics are a structural, visible, long-term mega-trend.
A focus on quality and growth companies that can deliver value over time.
An actively managed, concentrated portfolio for the long term.
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The global spending power of those aged 60 years and older is predicted to reach USD 15 trillion annually by 2020. Today this group are often much healthier not to mention wealthier than previous times in our history. Aneta Wynimko Co-portfolio Manager of the Fidelity Global Demographic Fund looks at some of the sectors that are likely to benefit from this.
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PM flash comments: demographics
With a focus on companies which can benefit from long-term structural growth drivers, demographic funds aren't immune to a selloff in global stock markets. However they are resilient, due to their exposure in sectors such as healthcare and automation.
Podcast: Counting the cost of a pandemic
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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.