A diversified portfolio of 80-120 of some of the best ideas globally drawn from Fidelity's global research and financial modelling.
Uses a rigorous bottom-up stock selection process that focuses on finding companies with sustainable pricing power, strong management and companies investing for future growth.
Designed to be a core international holding.
The Fund aims to provide sustained compounding returns, and seeks to manage downside risk by diversifying across sectors, countries and companies.
Designed to be a core holding, the Fund has a 20+ year proven track record of solid performance.
A global team providing unique insights into investment themes and ideas backed by 400+ Fidelity investment professionals.
Ashish, the Lead Portfolio Manager for the Fidelity Global Equities Fund reveals what he still finds alluring about investing and global equities after nearly two decades and the benefits of the Fidelity research platform which gives him the ability to identify some of the best global opportunities across the globe.
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 Equities Fund from the Fund's inception in April 1998 compared with $10,000 invested in the MSCI All Country World Index NR.
Chart as at: 30 June 2025
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 (effective 1 November 2011). Benchmark between December 2006 and 1 November 2011 was the MSCI World Index, and prior to December 2006 and 1 November 2011 was the MSCI World Index ex.Australia. 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 30 June 2025
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
15 yr % pa |
20 yr % pa |
Since inception (15/04/98) % pa |
|---|---|---|---|---|---|---|---|---|
| Fund | 23.21 | 20.98 | 14.94 | 13.36 | 12.55 | 13.59 | 10.10 | 7.80 |
| Benchmark | 18.38 | 19.25 | 14.78 | 12.69 | 11.76 | 12.59 | 8.75 | 6.28 |
| Active return | 4.83 | 1.73 | 0.16 | 0.67 | 0.79 | 1.00 | 1.35 | 1.52 |
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 (effective 1 November 2011). Benchmark between December 2006 and 1 November 2011 was the MSCI World Index, and prior to December 2006 and 1 November 2011 was the MSCI World Index ex.Australia. 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 30 June 2025
| 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
15 yr % pa |
20 yr % pa |
Since inception (15/04/98) % pa |
|
|---|---|---|---|---|---|---|---|---|
| Total return | 23.21 | 20.98 | 14.94 | 13.36 | 12.55 | 13.59 | 10.10 | 7.80 |
| Growth | 8.81 | 15.76 | 11.87 | 11.03 | 10.66 | 12.19 | 8.84 | 6.07 |
| Income | 14.41 | 5.22 | 3.07 | 2.34 | 1.90 | 1.40 | 1.25 | 1.73 |
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 (effective 1 November 2011). Benchmark between December 2006 and 1 November 2011 was the MSCI World Index, and prior to December 2006 and 1 November 2011 was the MSCI World Index ex.Australia. 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-25 | 926.5248 | $40.5980 |
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 May 2025
As at 31 May 2025
As at 31 May 2025
| % total net assets | |
|---|---|
| MICROSOFT CORP | 7.4% |
| LAM RESEARCH CORP | 5.4% |
| BROADCOM INC | 5.3% |
| ANSYS INC | 4.1% |
| META PLATFORMS INC | 3.9% |
| INTUIT INC | 3.7% |
| AMAZON.COM INC | 3.3% |
| ADOBE INC | 3.2% |
| NVIDIA CORP | 3.1% |
| VISA INC | 2.8% |
As at 31 May 2025
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| LAM RESEARCH CORP | 5.4 | 0.1 | 5.3 |
| ANSYS INC | 4.1 | 0.0 | 4.1 |
| BROADCOM INC | 5.3 | 1.3 | 4.0 |
| INTUIT INC | 3.7 | 0.3 | 3.4 |
| MICROSOFT CORP | 7.4 | 4.0 | 3.4 |
As at 31 May 2025
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| APPLE INC | 1.0 | 3.7 | -2.8 |
| NVIDIA CORP | 3.1 | 4.1 | -1.0 |
| JPMORGAN CHASE & CO | 0.0 | 0.9 | -0.9 |
| ELI LILLY & CO | 0.0 | 0.7 | -0.7 |
| NETFLIX INC | 0.0 | 0.6 | -0.6 |
| Organisation | Rating / Recommendation |
|---|---|
| Lonsec |
Investment grade4
The Lonsec Report is only available to financial advisers, please contact us for a copy |
| Morningstar | Neutral5 |
| Zenith | Recommended6 |
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.
1 Management fees and costs are current as at the date shown above but may be subject to change in the future. Management fees and costs include management fees, estimated indirect costs, the net effect of GST and exclude abnormal expenses, transaction costs and any performance fee payable.
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.
