A diversified portfolio of 40-70 small-to-mid-cap global companies.
Uses a rigorous bottom-up stock selection process that focuses on finding attractively valued companies with strong competitive positioning and sound company management.
A strong emphasis on building a diversified and balanced portfolio that aims to deliver more consistent returns through different market cycles.
One trade gives you access to 180+ analysts around the world working to uncover the next 'future leader'
Hand-picked from a universe of around 4,000 stocks, instantly access a diverse and exciting array of industries and sectors
Experienced investment experts dedicated to investing in global small to mid-cap companies
James Abela and Maroun Younes, Co-Portfolio Managers for the Fidelity Global Future Leaders Fund reveal what drives their passion for investing, why global mid and small caps are an exciting place to be, and the benefits of the co-portfolio manager structure.
James and Maroun talk about how they uncover investment opportunities through the Fund's tried and tested approach
Want to stay up to date with the latest from the Fidelity Global Future Leaders Fund? Join Portfolio Managers, James Abela and Maroun Younes as they provide a short quarterly update covering:
You can get more information about the Fund's top holdings here.
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 Future Leaders Active ETF since inception (after fees) compared with $10,000 invested in the MSCI World Mid Cap Index NR.
Chart as at: 30 November 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 World Mid Cap 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. Inception: 28 May 2024.
Net returns as at 30 November 2024
| Timeframe | 1 mth % |
3 mth % |
6 mth % |
Since inception (28/05/24) % pa |
|---|---|---|---|---|
| Fund | 8.54 | 13.42 | 18.65 | 17.95 |
| Benchmark | 6.57 | 10.15 | 14.12 | 14.10 |
| Active return | 1.97 | 3.27 | 4.53 | 3.85 |
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 World Mid Cap 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. Inception: 28 May 2024.
Net as at 30 November 2024
| 1 mth % |
3 mth % |
6 mth % |
Since inception (28/05/24) % pa |
|
|---|---|---|---|---|
| Total return | 8.54 | 13.42 | 18.65 | 17.95 |
| Growth | 8.54 | 13.42 | 18.65 | 17.95 |
| Income | - | - | - | - |
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 World Mid Cap 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. Inception: 28 May 2024.
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 30-Jun-24 | 0.0000 | N/A |
As at 31 October 2024
As at 31 October 2024
As at 31 October 2024
| % total net assets | |
|---|---|
| APPLOVIN CORP | 4.2% |
| NVR INC | 3.9% |
| BROWN & BROWN INC | 3.7% |
| GRAINGER (W.W.) INC | 3.0% |
| CBRE GROUP INC | 3.0% |
| ARES MANAGEMENT CORP | 2.9% |
| AUTO TRADER GROUP PLC | 2.8% |
| CBOE GLOBAL MARKETS INC | 2.8% |
| CDW CORP | 2.7% |
| GARTNER INC | 2.7% |
As at 31 October 2024
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| APPLOVIN CORP | 4.2 | 0.3 | 3.9 |
| NVR INC | 3.9 | 0.3 | 3.6 |
| BROWN & BROWN INC | 3.7 | 0.2 | 3.5 |
| AUTO TRADER GROUP PLC | 2.8 | 0.1 | 2.7 |
| ARES MANAGEMENT CORP | 2.9 | 0.3 | 2.6 |
As at 31 October 2024
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| ONEOK INC | 0.0 | 0.6 | -0.6 |
| TRADE DESK INC (THE) | 0.0 | 0.5 | -0.5 |
| ROYAL CARIBBEAN CRUISES LTD | 0.0 | 0.5 | -0.5 |
| FAIR ISAAC CORPORATION | 0.0 | 0.5 | -0.5 |
| FASTENAL CO | 0.0 | 0.4 | -0.4 |
| Organisation | Rating |
|---|---|
| Lonsec | Recommended5 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.
1 An 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.
