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 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.
Key facts
Fund performance2
Net returns as at 31 May 2021
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 yr % | 26.64 | 21.64 | 5.00 |
| 3 yr % pa | 15.97 | 13.00 | 2.97 |
| 5 yr % pa | 15.12 | 12.67 | 2.45 |
| 7 yr % pa | 15.05 | 12.76 | 2.29 |
| 10 yr % pa | 14.94 | 13.21 | 1.73 |
| 15 yr % pa | 9.11 | 7.05 | 2.06 |
| 20 yr % pa | 5.48 | 4.41 | 1.07 |
| Since inception (15/04/98) % pa | 7.10 | 5.18 | 1.92 |
| 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 | 26.64 | 15.97 | 15.12 | 15.05 | 14.94 | 9.11 | 5.48 | 7.10 |
| Benchmark | 21.64 | 13.00 | 12.67 | 12.76 | 13.21 | 7.05 | 4.41 | 5.18 |
| Active return | 5.00 | 2.97 | 2.45 | 2.29 | 1.73 | 2.06 | 1.07 | 1.92 |
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 (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.
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 September 2005 compared with $10,000 invested in the MSCI All Country World Index NR.
Chart as at: 31 May 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 (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 31 May 2021
| Total return | Growth | Income | |
|---|---|---|---|
| 1 yr % | 26.64 | 26.3 | 0.34 |
| 3 yr % pa | 15.97 | 15.45 | 0.52 |
| 5 yr % pa | 15.12 | 14.52 | 0.6 |
| 7 yr % pa | 15.05 | 14.37 | 0.68 |
| 10 yr % pa | 14.94 | 14.35 | 0.59 |
| 15 yr % pa | 9.11 | 8.43 | 0.68 |
| 20 yr % pa | 5.48 | 4.87 | 0.61 |
| Since inception (15/04/98) % pa | 7.1 | 5.69 | 1.41 |
| 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 | 26.64 | 15.97 | 15.12 | 15.05 | 14.94 | 9.11 | 5.48 | 7.1 |
| Growth | 26.3 | 15.45 | 14.52 | 14.37 | 14.35 | 8.43 | 4.87 | 5.69 |
| Income | 0.34 | 0.52 | 0.6 | 0.68 | 0.59 | 0.68 | 0.61 | 1.41 |
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 ACWI (All Country World Index) 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.
Sectors, holdings and distributions
As at 31 May 2021
As at 31 May 2021
| % total net assets | |
|---|---|
| MICROSOFT CORP | 3.3% |
| AMAZON.COM INC | 2.7% |
| ALPHABET INC | 2.1% |
| UNITEDHEALTH GROUP INC | 2.0% |
| APPLE INC | 1.7% |
| BERKSHIRE HATHAWAY INC DEL | 1.5% |
| CISCO SYSTEMS INC | 1.4% |
| BANK OF AMERICA CORPORATION | 1.4% |
| DANAHER CORP | 1.3% |
| NESTLE SA | 1.3% |
As at 31 May 2021
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| UNITEDHEALTH GROUP INC | 2.0 | 0.6 | 1.4 |
| CISCO SYSTEMS INC | 1.4 | 0.3 | 1.1 |
| DANAHER CORP | 1.3 | 0.2 | 1.1 |
| NXP SEMICONDUCTORS NV | 1.1 | 0.1 | 1.1 |
| GALLAGHER (ARTHUR J.) & CO | 1.1 | 0.0 | 1.0 |
As at 31 May 2021
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| APPLE INC | 1.7 | 3.2 | -1.5 |
| FACEBOOK INC | 0.0 | 1.2 | -1.2 |
| JPMORGAN CHASE & CO | 0.0 | 0.8 | -0.8 |
| TESLA INC | 0.0 | 0.7 | -0.7 |
| TENCENT HLDGS LTD | 0.0 | 0.7 | -0.7 |
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 30-Sep-20 | 0.0000 | $0.0000 |
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
- Additional Information
- Fund Flyer(698.17KB)
- Why Global equities?(1.05MB)
- Product Disclosure Statement(109.46KB)
- Fund fact sheet(86.10KB)
- Application form(653.34KB)
Fund ratings3
| Organisation | Rating / Recommendation |
|---|---|
| Lonsec |
Rated4
The Lonsec Report is only available to financial advisers,
please contact us for a copy.
|
| Morningstar | Neutral5 |
| Zenith | Recommended6 |
Morningstar 2020 Australia Fund Manager of the Year7
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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.
Why this fund
Access a diversified portfolio of around 80-120 of our best ideas globally.
Designed to be a core holding, the Fund has an over 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.
Meet Amit Lodha
Amit Lodha, Portfolio Manager of Fidelity’s Global Equities Fund talks about what the Fund can offer investors, his passion for investing and how he finds the long-term winners for the portfolio.
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Did you know that emerging markets contribute to more than half of the world's GDP? Do you have exposure to this growth market? Find out what you could be missing out on in this handy infographic
From the desk of Amit Lodha
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Past insights from Amit
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- Finding humour in the markets - October 2019(82.25KB)
- Is the end of globalisation the end of global investing?(2.34MB)
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.