Fidelity Global Demographics Fund (Managed Fund)
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Fidelity Global Demographics Fund (Managed Fund)

ASX: FDEM

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

Unlisted
Unit prices (at 04/03/24) Buy 29.7186 / Sell 29.6000 Unit price history
Buy/sell spread 0.20%/0.20%
Active ETF / Listed
Ticker details
  FUND INAV
ISIN AU0000188526  
SEDOL BGDQ7G1  
RIC FDEM.AX FDEMAUiv.P
Bloomberg Code FDEM AU Equity FDEMIVAU Index
End of day NAV (at 04/03/24) AUD $29.66 Download end of day history
Fund at a glance
Management costs2 0.89% p.a.
Fund size (at 04/03/24) A$109.69M
Inception date 30 November 2012
Distribution frequency Annually
Currency Australian dollar
Benchmark MSCI All Country World Index NR
About the manager
Portfolio manager Aneta Wynimko / Alex Gold / Oliver Hextall
Appointed to fund 2 February 2015 / 1 May 2019 / 1 May 2019
Location London
Joined Fidelity 2001/ 2008
Unique identifiers
ASX ticker code FDEM
APIR code FID0023AU
ARSN code 160557353

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
  • Nuclear weapons
  • Thermal coal
  • Oil sands
  • Arctic oil and gas
  • Violators of UN Global Compact

See the PDS for full details.

Fund performance3

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.

    Fidelity Global Demographics Fund (Managed Fund)
    0
    MSCI All Country World Index NR
    0

    Chart as at: 29 February 2024

    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 returns as at 29 February 2024

    Timeframe Fund Benchmark Active return
    1 yr % 24.60 27.54 -2.94
    3 yr % pa 9.88 13.14 -3.26
    5 yr % pa 12.13 12.48 -0.35
    7 yr % pa 13.62 12.58 1.04
    10 yr % pa 12.88 11.87 1.01
    Since inception (30/11/12) % pa 15.27 14.36 0.91
    Timeframe 1 yr
    %
    3 yr
    % pa
    5 yr
    % pa
    7 yr
    % pa
    10 yr
    % pa
    Since inception
    (30/11/12) % pa
    Fund 24.60 9.88 12.13 13.62 12.88 15.27
    Benchmark 27.54 13.14 12.48 12.58 11.87 14.36
    Active return -2.94 -3.26 -0.35 1.04 1.01 0.91

    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 29 February 2024

    Total return Growth Income
    1 yr % 24.6 23.64 0.96
    3 yr % pa 9.88 6.24 3.64
    5 yr % pa 12.13 8.16 3.97
    7 yr % pa 13.62 8.77 4.85
    10 yr % pa 12.88 7.63 5.25
    Since inception (30/11/12) % pa 15.27 10.05 5.22
    1 yr
    %
    3 yr
    % pa
    5 yr
    % pa
    7 yr
    % pa
    10 yr
    % pa
    Since inception
    (30/11/12) % pa
    Total return 24.6 9.88 12.13 13.62 12.88 15.27
    Growth 23.64 6.24 8.16 8.77 7.63 10.05
    Income 0.96 3.64 3.97 4.85 5.25 5.22

    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 January 2024

    As at 31 January 2024

    % total net assets
    MICROSOFT CORP 8.4%
    AMAZON.COM INC 5.0%
    L'OREAL SA 3.9%
    LVMH MOET HENNESSY SE 3.9%
    TAIWAN SEMICONDUCTOR MFG CO LTD 3.8%
    ESSILORLUXOTTICA 3.5%
    SALESFORCE INC 3.3%
    ALPHABET INC 3.3%
    THERMO FISHER SCIENTIFIC INC 3.2%
    ASML HOLDING NV 3.1%

    As at 31 January 2024

    Fund % Benchmark % Relative %
    MICROSOFT CORP 8.4 4.1 4.3
    L'OREAL SA 3.9 0.2 3.8
    LVMH MOET HENNESSY SE 3.9 0.3 3.5
    ESSILORLUXOTTICA 3.5 0.1 3.4
    TAIWAN SEMICONDUCTOR MFG CO LTD 3.8 0.7 3.1

    As at 31 January 2024

    Fund % Benchmark % Relative %
    APPLE INC 2.5 4.3 -1.8
    META PLATFORMS INC 0.0 1.3 -1.3
    TESLA INC 0.0 0.8 -0.8
    BROADCOM INC 0.0 0.8 -0.8
    ELI LILLY & CO 0.0 0.8 -0.8

    Distributions and ASX announcements

    Distribution Distribution (CPU) Reinvestment price
    30-Jun-23 20.4982 $26.6277

    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. 

    2024-03-05
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 31 January 2024
    2024-03-04
    ASX:FDE - FDEM - Monthly redemption & units on issue - February 2024
    2024-02-16
    ASX:FDE - FDEM - Monthly Report - Jan 2024
    2024-02-02
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 31 December 2023
    2024-02-02
    ASX:FDE - FDEM - Monthly redemption & units on issue - January 2024
    2024-01-25
    ASX:FDE - FDEM - Quarterly Top 10 Stock Positions - December 2023
    2024-01-22
    ASX:FDE - FDEM - Quarterly Report - December 2023
    2024-01-03
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 30 November 2023
    2024-01-03
    ASX:FDE - FDEM - Monthly redemption & units on issue - December 2023
    2023-12-18
    ASX:FDE - FDEM - Monthly Report - November 2023
    2023-12-04
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 31 October 2023
    2023-12-04
    ASX:FDE - FDEM - Monthly redemption & units on issue - November 2023
    2023-11-16
    ASX:FDE - FDEM - Monthly Report - October 2023
    2023-11-02
    ASX:FDE - FDEM - Monthly redemption & units on issue - October 2023
    2023-11-02
    ASX:FDE - Correction-FDEM-Monthly Portfolio Holdings-30 September 2023
    2023-11-02
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 31 October 2023
    2023-10-27
    ASX:FDE - FDEM - Quarterly Top 10 Stock Positions - September 2023
    2023-10-18
    ASX:FDE - FDEM - Quarterly Report - September 2023
    2023-10-04
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 31 August 2023
    2023-10-04
    ASX:FDE - FDEM - Monthly redemption & units on issue - September 2023
    2023-09-19
    ASX:FDE - FDEM - Annual financial report - 30 June 2023
    2023-09-18
    ASX:FDE - FDEM - Monthly Report - August 2023
    2023-09-05
    ASX:FDE - FDEM - Monthly redemption & units on issue - August 2023
    2023-09-04
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 31 July 2023
    2023-08-17
    ASX:FDE - FDEM - Monthly Report - July 2023
    2023-08-02
    ASX:FDE - FDEM - Monthly redemption & units on issue - July 2023
    2023-08-02
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 30 June 2023
    2023-07-21
    ASX:FDE - FDEM - Quarterly Top 10 Stock Positions - June 2023
    2023-07-18
    ASX:FDE - FDEM - Quarterly Report - June 2023
    2023-07-05
    ASX:FDE - FDEM - Distribution - 30 June 2023 - DRP Issue Price
    2023-07-04
    ASX:FDE - FDEM - Monthly redemption & units on issue - June 2023
    2023-07-04
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 31 May 2023
    2023-07-04
    ASX:FDE - FDEM - Distribution - 30 June 2023 - Actual
    2023-06-28
    ASX:FDE - FDEM - Distribution - 30 June 2023 - Estimated
    2023-06-16
    ASX:FDE - FDEM - Monthly Report - May 2023
    2023-06-05
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 30 April 2023
    2023-06-02
    ASX:FDE - FDEM - Monthly redemption & units on issue - May 2023
    2023-05-18
    ASX:FDE - FDEM - Monthly Report - April 2023
    2023-05-02
    ASX:FDE - FDEM - Monthly redemption & units on issue - April 2023
    2023-05-02
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 31 March 2023
    2023-04-24
    ASX:FDE - FDEM - Quarterly Top 10 Stock Positions - March 2023
    2023-04-21
    ASX:FDE - FDEM - Quarterly Report - March 2023
    2023-04-04
    ASX:FDE - FDEM - Monthly Redemption & Units on Issue - March 2023
    2023-04-04
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 28 February 2023
    2023-03-16
    ASX:FDE - FDEM - Monthly Report - Feb 2023
    2023-03-07
    ASX:FDE - FDEM - Half yearly financial report - 31 December 2022
    2023-03-03
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 31 January 2023
    2023-03-02
    ASX:FDE - FDEM - Monthly redemption & units on issue - February 2023
    2023-02-17
    ASX:FDE - FDEM - Monthly Report - Jan 2023
    2023-02-02
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 31 December 2022
    2023-02-02
    ASX:FDE - FDEM - Monthly redemption & units on issue - January 2023
    2023-01-24
    ASX:FDE - FDEM - Quarterly Top 10 Stock Positions - December 2022
    2023-01-19
    ASX:FDE - FDEM - Quarterly Report - December 2022
    2023-01-05
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 30 November 2022
    2023-01-04
    ASX:FDE - FDEM - Monthly redemption & units on issue - December 2022
    2022-12-21
    ASX:FDE - FDEM - Pause in Trading to be lifted
    2022-12-21
    ASX:FDE - Pause in Trade
    2022-12-16
    ASX:FDE - FDEM - Monthly Report - November 2022
    2022-12-02
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 31 October 2022
    2022-12-02
    ASX:FDE - FDEM - Monthly redemption & units on issue - November 2022
    2022-11-16
    ASX:FDE - FDEM - Monthly Report - October 2022
    2022-11-11
    ASX:FDE - FDEM - Updated Fees and Costs Disclosure
    2022-11-02
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 30 September 2022
    2022-11-02
    ASX:FDE - FDEM - Monthly redemption & units on issue - October 2022
    2022-10-21
    ASX:FDE - FDEM - Quarterly Top 10 Stock Positions - September 2022
    2022-10-19
    ASX:FDE - FDEM - Monthly Report - September 2022
    2022-10-05
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 31 August 2022
    2022-10-05
    ASX:FDE - FDEM - Monthly redemption & units on issue - September 2022
    2022-09-20
    ASX:FDE - FDEM - iNAV website feed issues resolved
    2022-09-20
    ASX:FDE - FDEM - Technical issues displaying live iNAV on website
    2022-09-20
    ASX:FDE - FDEM - Annual financial report - 30 June 2022
    2022-09-16
    ASX:FDE - FDEM - Monthly Report - August 2022
    2022-09-02
    ASX:FDE - FDEM - Monthly redemption & units on issue - August 2022
    2022-09-02
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 31 July 2022
    2022-08-15
    ASX:FDE - FDEM - Monthly Report - July 2022
    2022-08-03
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 30 June 2022
    2022-08-03
    ASX:FDE - FDEM - Monthly redemption & units on issue - July 2022
    2022-07-21
    ASX:FDE - FDEM - Quarterly Top 10 Stock Positions - June 2022
    2022-07-18
    ASX:FDE - FDEM - Quarterly Report - June 2022
    2022-07-05
    ASX:FDE - FDEM - Distribution - 30 June 2022 - DRP Issue Price
    2022-07-04
    ASX:FDE - FDEM - Monthly redemption & units on issue - June 2022
    2022-07-04
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 31 May 2022
    2022-07-04
    ASX:FDE - FDEM - Distribution - 30 June 2022 - Actual
    2022-06-28
    ASX:FDE - FDEM - Distribution - 30 June 2022 - Estimated
    2022-06-17
    ASX:FDE - Updated - FDEM - Monthly Report - May 2022
    2022-06-17
    ASX:FDE - FDEM - Monthly Report - May 2022
    2022-06-02
    ASX:FDE - FDEM - Monthly redemption & units on issue - May 2022
    2022-06-02
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 30 April 2022
    2022-05-17
    ASX:FDE - FDEM - Monthly Report - April 2022
    2022-05-03
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 31 March 2022
    2022-05-03
    ASX:FDE - FDEM - Monthly redemption & units on issue - April 2022
    2022-04-22
    ASX:FDE - FDEM - Quarterly Top 10 Stock Positions - March 2022
    2022-04-21
    ASX:FDE - FDEM - Quarterly Report - March 2022
    2022-04-04
    ASX:FDE - FDEM - Monthly redemption & units on issue - March 2022
    2022-04-04
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 28 February 2022
    2022-03-28
    ASX:FDE - Fidelity Global Demographics Fund (Managed Fund) TMD
    2022-03-17
    ASX:FDE - FDEM - Monthly Report - February 2022
    2022-03-14
    ASX:FDE - FDEM - Target Market Determination - 14 March 2022
    2022-03-14
    ASX:FDE - FDEM - Product Disclosure Statement - 14 March 2022
    2022-03-11
    ASX:FDE - FDEM - Half yearly financial report - 31 December 2021
    2022-03-03
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 31 January 2022
    2022-03-02
    ASX:FDE - FDEM - Monthly redemption & units on issue - February 2022
    2022-02-17
    ASX:FDE - FDEM - Monthly Report - January 2022
    2022-02-02
    ASX:FDE - FDEM - Monthly redemption & units on issue - January 2022
    2022-02-02
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 31 December 2021
    2022-01-20
    ASX:FDE - FDEM - Quarterly Top 10 Stock Positions - December 2021
    2022-01-20
    ASX:FDE - FDEM - Quarterly Report - December 2021
    2022-01-05
    ASX:FDE - FDEM - Monthly redemption and units on issue - December 2021
    2022-01-05
    ASX:FDE - FDEM - Monthly Portfolio Holdings - 30 November 2021
    2021-12-21
    ASX:FDE - FDEM - Monthly Report - November 2021
    2021-12-13
    ASX:FDE - ASX Notice - Admission and Commencement of Trading
    2021-12-13
    ASX:FDE - FDEM - Target Market Determination - 13 December 2021
    2021-12-13
    ASX:FDE - FDEM - Product Disclosure Statement - 13 Dec 2021

    Fund ratings4

    Offering Organisation Rating / Recommendation
    Listed  and Unlisted Lonsec
    Recommended 5
    The Lonsec Report is only available to financial advisers, please contact us for a copy

    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

    The iNAV calculations as shown (the “Data”) and provided by ICE Data Indices, LLC are updated during ASX trading hours. Powered by Factset. iNAV calculations are indicative and for reference purposes only.

    The Fund is not sponsored, endorsed, sold or marketed by ICE Data Indices, LLC, its affiliates (“ICE Data”) or their respective Third Party Suppliers. 
    ICE DATA OR ITS THIRD PARTY SUPPLIERS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE IOPVS, ETF STATISTICS, FUND OR ANY FUND DATA INCLUDED THEREIN.  IN NO EVENT SHALL ICE DATA HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, DIRECT, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

    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. 

    4You should refer to respective research houses (and their disclaimers below) to obtain further information about the meaning of the rating and the rating scale. Ratings are only one factor to be taken into account when deciding whether to invest. Ratings are subject to change without notice and may not be regularly updated.  Ratings are current as at date (s) stated below. Fidelity pays a fee to some research houses for rating our funds.

    5The Lonsec Rating (assigned April 2023) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to "General Advice" (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Fidelity International product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria.

    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

    Oliver Hextall, Alex Gold and Aneta Wynimko, Co-Portfolio Managers for the Fidelity Global Demographics Fund (Managed Fund) reveal how their varied backgrounds got them interested in investing, why demographics is an exciting place to invest, and the benefits of the co-portfolio manager structure.

    About the Fund

    Oliver, Alex and Aneta talk about how they uncover demographic trends through the three themes of 'longer lives, better lives, and more lives' and how this lens allows them to identify long-term, global winners.

    More insights

    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

    The iNAV calculations as shown (the “Data”) and provided by ICE Data Indices, LLC are updated during ASX trading hours. Powered by Factset. iNAV calculations are indicative and for reference purposes only.

    The Fund is not sponsored, endorsed, sold or marketed by ICE Data Indices, LLC, its affiliates (“ICE Data”) or their respective Third Party Suppliers. 
    ICE DATA OR ITS THIRD PARTY SUPPLIERS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE IOPVS, ETF STATISTICS, FUND OR ANY FUND DATA INCLUDED THEREIN.  IN NO EVENT SHALL ICE DATA HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, DIRECT, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

    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. 

    4You should refer to respective research houses (and their disclaimers below) to obtain further information about the meaning of the rating and the rating scale. Ratings are only one factor to be taken into account when deciding whether to invest. Ratings are subject to change without notice and may not be regularly updated.  Ratings are current as at date (s) stated below. Fidelity pays a fee to some research houses for rating our funds.

    5The Lonsec Rating (assigned April 2023) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to "General Advice" (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Fidelity International product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria.