Investment objective
To achieve returns in excess of the MSCI All Country World Index NR over the medium to long term.
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.
We invest at least 70% of the fund in companies exhibiting sustainable characteristics and 30% into companies that are showing improving, or potential for improving characteristics.
Choice of access
Investors can access the Fidelity Global Demographics Fund (Managed Fund) either by purchasing unlisted units directly with us or investing in listed units via the ASX (ASX: FDEM).
New investors: Find out more on the ways to invest.
Current investors: If you want to change the way you currently transact in the Fund by converting your units contact us.
Key facts
| FUND | INAV | |
|---|---|---|
| ISIN | AU0000188526 | |
| SEDOL | BGDQ7G1 | |
| RIC | FDEM.AX | FDEMAUiv.P |
| Bloomberg Code | FDEM AU Equity | FDEMIVAU Index |
Sustainable characteristics
The Fund adheres to a transparent sustainability framework that leverages Fidelity's proprietary ESG research.
ESG integration
We invest at least 70% of the fund in companies exhibiting sustainable characteristics and 30% into companies that are showing improving, or potential for improving characteristics. We engage with all companies, and we set milestones, timelines, and influence change via a proactive engagement plan, particularly for lower-rated holdings.
Exclusion
The Fund seeks to avoid investing in companies that can cause harm or undermine a more sustainable economy. We use an exclusion policy when making investment decisions which incorporates norms-based screening and negative screening of certain sectors, companies or practices.
The Fund will not invest in companies involved with:
- Tobacco
- Controversial weapons
- Conventional weapons
- Semi-automatic weapons
- Thermal coal
- Violators of UN Global Compact
See the PDS for full details.
Fund performance3
Net returns as at 31 December 2021
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 yr % | 22.97 | 25.81 | -2.84 |
| 3 yr % pa | 21.43 | 19.10 | 2.33 |
| 5 yr % pa | 18.18 | 14.30 | 3.88 |
| 7 yr % pa | 14.77 | 12.79 | 1.98 |
| Since inception (30/11/12) % pa | 18.31 | 16.07 | 2.24 |
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
Since inception (30/11/12) % pa |
|---|---|---|---|---|---|
| Fund | 22.97 | 21.43 | 18.18 | 14.77 | 18.31 |
| Benchmark | 25.81 | 19.10 | 14.30 | 12.79 | 16.07 |
| Active return | -2.84 | 2.33 | 3.88 | 1.98 | 2.24 |
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 All Country World Index 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: 31 December 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 All Country World Index 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 31 December 2021
| Total return | Growth | Income | |
|---|---|---|---|
| 1 yr % | 22.97 | 19.89 | 3.08 |
| 3 yr % pa | 21.43 | 17.27 | 4.16 |
| 5 yr % pa | 18.18 | 12.86 | 5.32 |
| 7 yr % pa | 14.77 | 9.53 | 5.24 |
| Since inception (30/11/12) % pa | 18.31 | 12.64 | 5.67 |
| 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
Since inception (30/11/12) % pa |
|
|---|---|---|---|---|---|
| Total return | 22.97 | 21.43 | 18.18 | 14.77 | 18.31 |
| Growth | 19.89 | 17.27 | 12.86 | 9.53 | 12.64 |
| Income | 3.08 | 4.16 | 5.32 | 5.24 | 5.67 |
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 All Country World Index 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 and holdings
As at 31 December 2021
As at 31 December 2021
| % total net assets | |
|---|---|
| MICROSOFT CORP | 5.4% |
| AMAZON.COM INC | 4.1% |
| ALPHABET INC | 3.5% |
| APPLE INC | 3.4% |
| THERMO FISHER SCIENTIFIC INC | 3.4% |
| LVMH MOET HENNESSY SE | 3.1% |
| TAIWAN SEMICONDUCTOR MFG CO LTD | 2.8% |
| L'OREAL SA | 2.8% |
| DANAHER CORP | 2.7% |
| IQVIA HOLDINGS INC | 2.6% |
As at 31 December 2021
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| THERMO FISHER SCIENTIFIC INC | 3.4 | 0.4 | 3.0 |
| LVMH MOET HENNESSY SE | 3.1 | 0.3 | 2.7 |
| L'OREAL SA | 2.8 | 0.2 | 2.6 |
| IQVIA HOLDINGS INC | 2.6 | 0.1 | 2.6 |
| STRYKER CORP | 2.5 | 0.1 | 2.4 |
As at 31 December 2021
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| TESLA INC | 0.0 | 1.3 | -1.3 |
| META PLATFORMS INC | 0.0 | 1.1 | -1.1 |
| NVIDIA CORP | 0.0 | 1.0 | -1.0 |
| APPLE INC | 3.4 | 4.2 | -0.8 |
| UNITEDHEALTH GROUP INC | 0.0 | 0.7 | -0.7 |
Distributions and ASX announcements
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 30-Jun-21 | 68.3217 | $26.6035 |
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
- Fund fact sheet(79.15KB)
- Fund flyer(648.00KB)
- Product Disclosure Statement(1.62MB)
- Quarterly top 10 holdings(413.65KB)
- Application form(630.38KB)
- Active ETF product distinctions(256.86KB)
- Target Market Determination (TMD)
- The case for demographics(684.94KB)
- Distribution reinvestment plan (DRP)(198.65KB)
- Infographic: Global demographics(138.25KB)
Fund ratings4
| Offering | Organisation | Rating / Recommendation |
|---|---|---|
| Unlisted | Lonsec |
Investment Grade 5
The Lonsec Report is only available to financial advisers, please contact us for a copy
|
Morningstar 2020 Australia Fund Manager of the Year6
From the desk of the Portfolio Managers
Hear our demographics Portfolio Manager's insights into global markets, companies and the Fund by subscribing to their regular updates.
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Related insights
2022 Outlook: Global Demographics
Demographics are a structural, visible, long-term megatrend with compelling investment opportunities. By adopting a quality-focused, bottom-up fundamental approach, the strategy is well positioned to navigate 2022 and continue delivering relatively attractive alpha for investors.
The rise of automation and robotics
Population growth coupled with an ageing population will amplify the basic demand for goods and services around the world over the next few years. For investors, these demographic trends create exceptional opportunities in areas such as automation and robotics.
The Investor's Guide to China: Demographics
China’s labour pool is shrinking as the population ages and more people retire than enter the workforce. How people save and invest as they think about wealth preservation signals big challenges and opportunities for China’s pension system development. So, how will government policy seek to ensure that the corporate sector remains dynamic and innovative, and can keep attracting the talent it needs?
Shaping investments for the future
With significant demographic shifts occurring around the world, one useful approach for investors is to use demographic themes and trends as a compass for future investing.
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.
1An intraday optimised portfolio value (IOPV) for each fund will be published throughout the ASX trading day. The IOPVs are calculated by ICE Data Indices, LLC based on the latest price of each security, amongst other factors. In equity constituent market value calculations, the last reported trade price from the composite feed (US) or primary listing exchange (non-US) is used for the latest price of each security, when those exchanges are open. When those exchanges are closed, the IOPV calculation can incorporate the Real-Time Fair Value Information Service from ICE Data Pricing & Reference Data, LLC which is a multi-factor model that calculates a real-time estimate of the price that would likely prevail in a liquid market for an equity security following the close of the local market. For more information on Fair Value Information Service methodology, please refer to: https://www.theice.com/market-data/pricing-and-evaluations/fair-value.
For IOPVs with fixed income securities, ICE Data Pricing & Reference Data, LLC’s Continuous Evaluated Pricing (CEP) service can be used to price such fixed income securities. As market data becomes available and passes internal system tolerances and parameters, CEP will update throughout the day. While updates to CEP occur more frequently during local market trading hours, CEP will update outside of normal trading hours based on market information that is available at that time. For constituents where CEP is not available, either the prior day’s evaluation or a client-provided price may be used in the IOPV calculation instead. For more information about Continuous Evaluated Pricing, please refer to: https://www.theice.com/market-data/pricing-and-evaluations/cep.
2Management 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.
3Total 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 with strong ESG credentials, that can deliver value over time.
The co-manager approach ensures deep understanding of stock and industry dynamics and enables PMs to cover investment universe in greater detail.
Meet the Portfolio Managers
Demographics are slow moving, highly predictable mega-trends that we can use as a compass for investing in the future.
The world is going through a period of population ageing that is without parallel in the history of humanity. Alex Gold, PM Fidelity Global Demographics strategy discusses why longer lives are providing compelling opportunities in robotics and automation.
With rising incomes in developing countries, the composition of the global population is creating an expanding middle class. Aneta Wynimko, PM Fidelity Global Demographics strategy explains how better lives is creating exciting opportunities for investors.
The global population is expected to increase by another 2 billion by 2050. Oliver Hextall, PM Fidelity Global Demographics strategy is finding opportunities in companies focusing on renewable energy, reducing water usage and improving agricultural yields in a sustainable way.
Related insights
2022 Outlook: Global Demographics
Demographics are a structural, visible, long-term megatrend with compelling investment opportunities. By adopting a quality-focused, bottom-up fundamental approach, the strategy is well positioned to navigate 2022 and continue delivering relatively attractive alpha for investors.
The rise of automation and robotics
Population growth coupled with an ageing population will amplify the basic demand for goods and services around the world over the next few years. For investors, these demographic trends create exceptional opportunities in areas such as automation and robotics.
The Investor's Guide to China: Demographics
China’s labour pool is shrinking as the population ages and more people retire than enter the workforce. How people save and invest as they think about wealth preservation signals big challenges and opportunities for China’s pension system development. So, how will government policy seek to ensure that the corporate sector remains dynamic and innovative, and can keep attracting the talent it needs?
Shaping investments for the future
With significant demographic shifts occurring around the world, one useful approach for investors is to use demographic themes and trends as a compass for future investing.
Fund downloads
- Fund fact sheet(79.15KB)
- Fund flyer(648.00KB)
- Product Disclosure Statement(1.62MB)
- Quarterly top 10 holdings(413.65KB)
- Application form(630.38KB)
- Active ETF product distinctions(256.86KB)
- Target Market Determination (TMD)
- The case for demographics(684.94KB)
- Distribution reinvestment plan (DRP)(198.65KB)
- Infographic: Global demographics(138.25KB)
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.
1An intraday optimised portfolio value (IOPV) for each fund will be published throughout the ASX trading day. The IOPVs are calculated by ICE Data Indices, LLC based on the latest price of each security, amongst other factors. In equity constituent market value calculations, the last reported trade price from the composite feed (US) or primary listing exchange (non-US) is used for the latest price of each security, when those exchanges are open. When those exchanges are closed, the IOPV calculation can incorporate the Real-Time Fair Value Information Service from ICE Data Pricing & Reference Data, LLC which is a multi-factor model that calculates a real-time estimate of the price that would likely prevail in a liquid market for an equity security following the close of the local market. For more information on Fair Value Information Service methodology, please refer to: https://www.theice.com/market-data/pricing-and-evaluations/fair-value.
For IOPVs with fixed income securities, ICE Data Pricing & Reference Data, LLC’s Continuous Evaluated Pricing (CEP) service can be used to price such fixed income securities. As market data becomes available and passes internal system tolerances and parameters, CEP will update throughout the day. While updates to CEP occur more frequently during local market trading hours, CEP will update outside of normal trading hours based on market information that is available at that time. For constituents where CEP is not available, either the prior day’s evaluation or a client-provided price may be used in the IOPV calculation instead. For more information about Continuous Evaluated Pricing, please refer to: https://www.theice.com/market-data/pricing-and-evaluations/cep.
2Management 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.
3Total 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.