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 31 March 2020
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 yr % | 7.69 | 3.00 | 4.69 |
| 3 yr % pa | 13.80 | 9.23 | 4.57 |
| 5 yr % pa | 9.26 | 7.51 | 1.75 |
| 7 yr % pa | 15.91 | 13.38 | 2.53 |
| Since inception (30/11/12) % pa | 16.64 | 14.07 | 2.57 |
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
Since inception (30/11/12) % pa |
|---|---|---|---|---|---|
| Fund | 7.69 | 13.80 | 9.26 | 15.91 | 16.64 |
| Benchmark | 3.00 | 9.23 | 7.51 | 13.38 | 14.07 |
| Active return | 4.69 | 4.57 | 1.75 | 2.53 | 2.57 |
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: 31 March 2020
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 31 March 2020
| Total return | Growth | Income | |
|---|---|---|---|
| 1 yr % | 7.69 | 4.3 | 3.39 |
| 3 yr % pa | 13.8 | 7.97 | 5.83 |
| 5 yr % pa | 9.26 | 3.83 | 5.43 |
| 7 yr % pa | 15.91 | 9.89 | 6.02 |
| Since inception (30/11/12) % pa | 16.64 | 10.85 | 5.79 |
| 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
Since inception (30/11/12) % pa |
|
|---|---|---|---|---|---|
| Total return | 7.69 | 13.8 | 9.26 | 15.91 | 16.64 |
| Growth | 4.3 | 7.97 | 3.83 | 9.89 | 10.85 |
| Income | 3.39 | 5.83 | 5.43 | 6.02 | 5.79 |
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 29 February 2020
As at 29 February 2020
| % total net assets | |
|---|---|
| ALPHABET INC | 3.9% |
| MICROSOFT CORP | 3.9% |
| APPLE INC | 3.6% |
| AMAZON.COM INC | 3.3% |
| CSL LTD | 3.3% |
| LVMH MOET HENNESSY SE | 3.2% |
| ALIBABA GROUP HOLDING LTD | 3.1% |
| UNITEDHEALTH GROUP INC | 2.8% |
| ICON PLC | 2.8% |
| L'OREAL SA | 2.8% |
As at 29 February 2020
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| CSL LTD | 3.3 | 0.2 | 3.1 |
| LVMH MOET HENNESSY SE | 3.2 | 0.2 | 3.0 |
| ICON PLC | 2.8 | 0.0 | 2.8 |
| L'OREAL SA | 2.8 | 0.1 | 2.6 |
| BOSTON SCIENTIFIC CORP | 2.5 | 0.1 | 2.4 |
As at 29 February 2020
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| FACEBOOK INC | 0.0 | 1.0 | - 1.0 |
| JPMORGAN CHASE & CO | 0.0 | 0.8 | - 0.8 |
| JOHNSON & JOHNSON | 0.0 | 0.8 | - 0.8 |
| VISA INC | 0.0 | 0.7 | - 0.7 |
| NESTLE SA | 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.
Related insights
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
"Fear makes the wolf bigger than he is," or so the saying goes... In a world of 24-hour news coverage and a commercial imperative to be louder than your competitor it can be hard to hear through the noise when a global event like coronavirus hits.
Who will benefit from longevity?
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 looks at some of the sectors that are likely to benefit from this.
Demographics and uncertain times
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.
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.
Which consumer segments will benefit from longevity?
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.
Investing in healthcare innovation for the future
By 2050, the world’s population aged 60 years and older is expected to total 2 billion, up from 900 million in 2015. As healthcare requirements increase so does the burden on the healthcare system. Co-portfolio Manager of the Fidelity Global Demographic Fund Alex Gold, looks at how technology is delivering better outcomes for patients and also reducing costs to the system.
Related insights
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
"Fear makes the wolf bigger than he is," or so the saying goes... In a world of 24-hour news coverage and a commercial imperative to be louder than your competitor it can be hard to hear through the noise when a global event like coronavirus hits.
Who will benefit from longevity?
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 looks at some of the sectors that are likely to benefit from this.
Demographics and uncertain times
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.
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.