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.
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.
Oliver Hextall, Alex Gold and Aneta Wynimko, Co-Portfolio Managers for the Fidelity Global Demographics 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.
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.
The Fund adheres to a transparent sustainability framework that leverages Fidelity's proprietary ESG research.
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.
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:
See the PDS for full details.
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 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 31 August 2024
Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
Since inception (30/11/12) % pa |
---|---|---|---|---|---|---|
Fund | 11.29 | 3.46 | 9.77 | 11.72 | 12.79 | 14.69 |
Benchmark | 17.83 | 8.42 | 11.98 | 12.66 | 12.32 | 14.28 |
Active return | -6.54 | -4.96 | -2.21 | -0.94 | 0.47 | 0.41 |
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 August 2024
1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
Since inception (30/11/12) % pa |
|
---|---|---|---|---|---|---|
Total return | 11.29 | 3.46 | 9.77 | 11.72 | 12.79 | 14.69 |
Growth | 6.27 | -0.66 | 5.59 | 6.42 | 7.84 | 9.28 |
Income | 5.03 | 4.12 | 4.18 | 5.31 | 4.95 | 5.41 |
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.
Distribution | Distribution (CPU) | Reinvestment price |
---|---|---|
30-Jun-24 | 134.6942 | $28.4685 |
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.
As at 31 August 2024
As at 31 August 2024
As at 31 August 2024
% total net assets | |
---|---|
MICROSOFT CORP | 7.5% |
AMAZON.COM INC | 5.4% |
TAIWAN SEMICONDUCTOR MFG CO LTD | 4.2% |
BOSTON SCIENTIFIC CORP | 3.9% |
APPLE INC | 3.6% |
UNITEDHEALTH GROUP INC | 3.5% |
ICON PLC | 3.4% |
ALPHABET INC | 3.4% |
NVIDIA CORP | 3.3% |
ESSILORLUXOTTICA | 3.3% |
As at 31 August 2024
Fund % | Benchmark % | Relative % | |
---|---|---|---|
BOSTON SCIENTIFIC CORP | 3.9 | 0.2 | 3.8 |
MICROSOFT CORP | 7.5 | 3.8 | 3.6 |
ICON PLC | 3.4 | 0.0 | 3.4 |
TAIWAN SEMICONDUCTOR MFG CO LTD | 4.2 | 0.9 | 3.3 |
AMAZON.COM INC | 5.4 | 2.2 | 3.3 |
As at 31 August 2024
Fund % | Benchmark % | Relative % | |
---|---|---|---|
META PLATFORMS INC | 0.0 | 1.5 | -1.5 |
ELI LILLY & CO | 0.0 | 1.0 | -1.0 |
BROADCOM INC | 0.0 | 0.9 | -0.9 |
JPMORGAN CHASE & CO | 0.0 | 0.8 | -0.8 |
BERKSHIRE HATHAWAY INC DEL | 0.0 | 0.8 | -0.8 |
Organisation | Rating / Recommendation |
---|---|
Lonsec |
Recommended 5
The Lonsec Report is only available to financial advisers, please contact us for a copy
|
This Fund is unhedged and is subject to the risk of fluctuations in international stock markets and currencies. 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. Prior to December 2006, the benchmark for the fund was MSCI World ex Australia.
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.
3You 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.