To achieve returns in excess of the MSCI World Mid Cap Index NR over the medium to long term.
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.
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 Fund in September 2020 compared with $10,000 invested in the MSCI World Mid Cap Index NR.
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 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.
Net returns as at 29 February 2024
Timeframe | Fund | Benchmark | Active return |
---|---|---|---|
1 yr % | 16.96 | 16.22 | 0.74 |
3 yr % pa | 11.53 | 9.08 | 2.45 |
5 yr % pa | - | - | - |
Since inception (28/09/20) % pa | 13.16 | 11.44 | 1.72 |
Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
Since inception (28/09/20) % pa |
---|---|---|---|---|
Fund | 16.96 | 11.53 | - | 13.16 |
Benchmark | 16.22 | 9.08 | - | 11.44 |
Active return | 0.74 | 2.45 | - | 1.72 |
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.
Net as at 29 February 2024
Total return | Growth | Income | |
---|---|---|---|
1 yr % | 16.96 | 16.96 | - |
3 yr % pa | 11.53 | 10.85 | 0.68 |
5 yr % pa | - | - | - |
Since inception (28/09/20) % pa | 13.16 | 12.55 | 0.61 |
1 yr % |
3 yr % pa |
5 yr % pa |
Since inception (28/09/20) % pa |
|
---|---|---|---|---|
Total return | 16.96 | 11.53 | - | 13.16 |
Growth | 16.96 | 10.85 | - | 12.55 |
Income | - | 0.68 | - | 0.61 |
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.
As at 29 February 2024
As at 29 February 2024
% total net assets | |
---|---|
CDW CORP | 3.7% |
ARES MANAGEMENT CORP | 3.7% |
AMETEK INC NEW | 3.5% |
UNITED RENTALS INC | 3.4% |
QUANTA SVCS INC | 3.3% |
BROWN & BROWN INC | 3.3% |
NVR INC | 3.2% |
MONCLER SPA | 3.1% |
JAMES HARDIE INDUSTRIES PLC | 3.1% |
GRAINGER (W.W.) INC | 3.0% |
As at 29 February 2024
Fund % | Benchmark % | Relative % | |
---|---|---|---|
ARES MANAGEMENT CORP | 3.7 | 0.2 | 3.4 |
CDW CORP | 3.7 | 0.4 | 3.3 |
AMETEK INC NEW | 3.5 | 0.4 | 3.1 |
BROWN & BROWN INC | 3.3 | 0.2 | 3.0 |
MONCLER SPA | 3.1 | 0.2 | 3.0 |
As at 29 February 2024
Fund % | Benchmark % | Relative % | |
---|---|---|---|
CONSTELLATION ENERGY CORP | 0.0 | 0.6 | -0.6 |
PALANTIR TECHNOLOGIES INC | 0.0 | 0.5 | -0.5 |
COPART INC | 0.0 | 0.5 | -0.5 |
DR HORTON INC | 0.0 | 0.5 | -0.5 |
ONEOK INC | 0.0 | 0.5 | -0.5 |
Distribution | Distribution (CPU) | Reinvestment price |
---|---|---|
30-Jun-23 | 0.0000 | N/A |
A largely under-researched asset class, we have more than 180 analysts around the world who help us uncover the next 'future leader'
A fund with exposure to a diverse and exciting array of industries and sectors, with around 4,000 investment opportunities
Professionally co-managed by our experienced investment experts dedicated to investing in the small-mid global universe
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 the future leaders of tomorrow through the Fund's tried and tested approach.