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 August 2021
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 yr % | 30.61 | 30.17 | 0.44 |
| 3 yr % pa | 16.84 | 13.94 | 2.90 |
| 5 yr % pa | 16.80 | 14.93 | 1.87 |
| 7 yr % pa | 17.05 | 14.04 | 3.01 |
| Since inception (30/11/12) % pa | 18.82 | 16.37 | 2.45 |
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
Since inception (30/11/12) % pa |
|---|---|---|---|---|---|
| Fund | 30.61 | 16.84 | 16.80 | 17.05 | 18.82 |
| Benchmark | 30.17 | 13.94 | 14.93 | 14.04 | 16.37 |
| Active return | 0.44 | 2.90 | 1.87 | 3.01 | 2.45 |
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 August 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 31 August 2021
| Total return | Growth | Income | |
|---|---|---|---|
| 1 yr % | 30.61 | 27.34 | 3.27 |
| 3 yr % pa | 16.84 | 12.84 | 4 |
| 5 yr % pa | 16.8 | 11.55 | 5.25 |
| 7 yr % pa | 17.05 | 11.7 | 5.35 |
| Since inception (30/11/12) % pa | 18.82 | 12.92 | 5.9 |
| 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
Since inception (30/11/12) % pa |
|
|---|---|---|---|---|---|
| Total return | 30.61 | 16.84 | 16.8 | 17.05 | 18.82 |
| Growth | 27.34 | 12.84 | 11.55 | 11.7 | 12.92 |
| Income | 3.27 | 4 | 5.25 | 5.35 | 5.9 |
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 August 2021
As at 31 August 2021
| % total net assets | |
|---|---|
| MICROSOFT CORP | 4.6% |
| ALPHABET INC | 3.9% |
| AMAZON.COM INC | 3.3% |
| APPLE INC | 3.0% |
| THERMO FISHER SCIENTIFIC INC | 2.8% |
| TAIWAN SEMICONDUCTOR MFG CO LTD | 2.8% |
| LVMH MOET HENNESSY SE | 2.8% |
| L'OREAL SA | 2.7% |
| DANAHER CORP | 2.7% |
| MORGAN STANLEY | 2.5% |
As at 31 August 2021
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| THERMO FISHER SCIENTIFIC INC | 2.8 | 0.3 | 2.5 |
| L'OREAL SA | 2.7 | 0.2 | 2.5 |
| LVMH MOET HENNESSY SE | 2.8 | 0.3 | 2.5 |
| DANAHER CORP | 2.7 | 0.3 | 2.4 |
| MORGAN STANLEY | 2.5 | 0.2 | 2.2 |
As at 31 August 2021
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| FACEBOOK INC | 0.0 | 1.3 | -1.3 |
| TESLA INC | 0.0 | 0.8 | -0.8 |
| NVIDIA CORP | 0.0 | 0.8 | -0.8 |
| JPMORGAN CHASE & CO | 0.0 | 0.7 | -0.7 |
| APPLE INC | 3.0 | 3.7 | -0.7 |
| 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
- The case for global investing(559.02KB)
- Infographic: Global demographics(85.58KB)
- Additional Information
- Product Disclosure Statement(93.06KB)
- Fund flyer(655.15KB)
- Application form(653.34KB)
- Fund fact sheet(79.91KB)
Fund ratings3
| Organisation | Rating / Recommendation |
|---|---|
| Lonsec |
Investment Grade 4
The Lonsec Report is only available to financial advisers, please contact us for a copy
|
Morningstar 2020 Australia Fund Manager of the Year5
Get Fidelity insights
Fidelity Insights is a free, monthly e-newsletter that brings you valuable and distilled investment insights, opinion and education.
Thank you. You have been subscribed and will receive a confirmation email shortly.
Related insights
Diversify your portfolio
When it comes to success stories, the ASX includes many brands that have made their mark. However, a portfolio heavily weighted to Australian equities can carry concentration risk and limit your portfolio's diversification. Are you missing a world of opportunity?
Capture growth in rapidly expanding themes and sectors
Global shares also offer diversification across sectors and market capitalisation that would not be possible to achieve by investing in Australian equities alone. With more than 41,000 listed companies on stock exchanges worldwide, investing globally can feel too big, or too risky and complicated. But it doesn't have to be; in fact, access to international markets may be easier than you think.
The way of the future
People are living longer, which means healthcare needs are structurally changing. As healthcare costs outstrip inflation, innovation is vital to improve health outcomes and reduce costs. Portfolio Manager for the Fidelity Demographics Fund, Alex Gold explains how investors can take advantage of this trend.
Inflation expectations
I don’t know any better than anyone else whether inflation will turn out to be a genuine problem, but I do know that it’s just about the most important question for us to be asking today.
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 with strong ESG credentials, that can deliver value over time.
An actively managed, concentrated portfolio for the long term.
Uncovering the winners of tomorrow
Demographics is the compass we use when investing for the future. Aneta Wynimko, Portfolio Manager for the Fidelity Global Demographics Fund, explains how the team uncover the winners of tomorrow.
Opportunities in an aging population
The global population is growing, and it's aging. Oliver Hextall, Portfolio Manager for the Fidelity Global Demographics Fund explains how these two major demographic trends are being capitalised on in the Fund, and why automation is the way of the future.
Related insights
Diversify your portfolio
When it comes to success stories, the ASX includes many brands that have made their mark. However, a portfolio heavily weighted to Australian equities can carry concentration risk and limit your portfolio's diversification. Are you missing a world of opportunity?
Capture growth in rapidly expanding themes and sectors
Global shares also offer diversification across sectors and market capitalisation that would not be possible to achieve by investing in Australian equities alone. With more than 41,000 listed companies on stock exchanges worldwide, investing globally can feel too big, or too risky and complicated. But it doesn't have to be; in fact, access to international markets may be easier than you think.
The way of the future
People are living longer, which means healthcare needs are structurally changing. As healthcare costs outstrip inflation, innovation is vital to improve health outcomes and reduce costs. Portfolio Manager for the Fidelity Demographics Fund, Alex Gold explains how investors can take advantage of this trend.
Inflation expectations
I don’t know any better than anyone else whether inflation will turn out to be a genuine problem, but I do know that it’s just about the most important question for us to be asking today.
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.