Investment objective
To achieve returns in excess of the MSCI World Index NR over the medium to long term.
A diversified, core portfolio of 100-250 global equities. It aims to achieve long-term capital growth with lower risk than the market.
Leverages insights from Fidelity’s extensive global research platform, overlayed with sophisticated quantitative risk tools to build an optimal portfolio.
Aims to outperform the market with volatility of 60%-80% of the MSCI World Index NR.
Key facts
Fund performance2
Net returns as at 31 December 2021
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 yr % | 17.21 | 29.29 | -12.08 |
| 3 yr % pa | 12.66 | 20.40 | -7.74 |
| 5 yr % pa | - | - | - |
| Since inception (15/12/17) % pa | 9.88 | 14.79 | -4.91 |
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
Since inception (15/12/17) % pa |
|---|---|---|---|---|
| Fund | 17.21 | 12.66 | - | 9.88 |
| Benchmark | 29.29 | 20.40 | - | 14.79 |
| Active return | -12.08 | -7.74 | - | -4.91 |
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 Index NR.
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 Low Volatility Equity Fund from the Fund's inception in December 2017 compared with $10,000 invested in the MSCI World Index NR.
Chart as at: 31 December 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 World Index NR.
Net as at 31 December 2021
| Total return | Growth | Income | |
|---|---|---|---|
| 1 yr % | 17.21 | 16.14 | 1.07 |
| 3 yr % pa | 12.66 | 4.63 | 8.03 |
| 5 yr % pa | - | - | - |
| Since inception (15/12/17) % pa | 9.88 | 3.75 | 6.13 |
| 1 yr % |
3 yr % pa |
5 yr % pa |
Since inception (15/12/17) % pa |
|
|---|---|---|---|---|
| Total return | 17.21 | 12.66 | - | 9.88 |
| Growth | 16.14 | 4.63 | - | 3.75 |
| Income | 1.07 | 8.03 | - | 6.13 |
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 Index NR.
Sectors, holdings and distributions
As at 31 December 2021
As at 31 December 2021
| % total net assets | |
|---|---|
| ACCENTURE PLC | 1.1% |
| ALPHABET INC | 1.1% |
| KEYSIGHT TECHNOLOGIES | 1.1% |
| COSTCO WHOLESALE CORP | 1.0% |
| LILLY (ELI) & CO | 1.0% |
| BROWN & BROWN INC | 1.0% |
| THERMO FISHER SCIENTIFIC INC | 1.0% |
| MARSH & MCLENNAN COS INC | 1.0% |
| DANAHER CORP | 1.0% |
| TARGET CORP | 1.0% |
As at 31 December 2021
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| KEYSIGHT TECHNOLOGIES | 1.1 | 0.1 | 1.0 |
| BROWN & BROWN INC | 1.0 | 0.0 | 1.0 |
| CBOE GLOBAL MARKETS INC | 1.0 | 0.0 | 0.9 |
| SG HOLDINGS CO LTD | 0.9 | 0.0 | 0.9 |
| DOMINOS PIZZA INC | 0.9 | 0.0 | 0.9 |
As at 31 December 2021
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| APPLE INC | 0.9 | 4.7 | -3.8 |
| MICROSOFT CORP | 0.9 | 3.8 | -2.9 |
| AMAZON.COM INC | 0.8 | 2.4 | -1.7 |
| ALPHABET INC | 1.1 | 2.7 | -1.6 |
| TESLA INC | 0.0 | 1.4 | -1.4 |
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 30-Jun-21 | 9.9508 | $10.7795 |
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
- Whitepaper: Prudent Growth with Low-Volatility Equity Investing(339.38KB)
- Additional Information
- The case for global low volatility equity investing(519.28KB)
- Fund flyer(476.50KB)
- Fund fact sheet(80.59KB)
- Whitepaper: Choose the equity escalator(285.98KB)
- Product Disclosure Statement(1.93MB)
- Application form(630.38KB)
- Target Market Determination (TMD)
Fund ratings3
| Organisation | Rating / Recommendation |
|---|---|
| Lonsec |
Recommended4
The Lonsec report is only available to financial advisers, please contact us for a copy |
| Zenith | Recommended5 |
Morningstar 2020 Australia Fund Manager of the Year6
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This Fund is subject to the risk of stock market fluctuations. 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.
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
Designed to help “smooth the ride”, giving equity investors the opportunity while reducing the downside risk of their investments.
Uses a combination of both quantitative (backward looking) and fundamental analysis (forward looking) to assess the risk profile of a stock and build its portfolio.
Active management leveraging the expertise of over 400 investment professionals around the world.
Winning by not losing
Institutional Portfolio Manager of the Fidelity Global Low Volatility Equity Fund Ben Treacy outlines how investing in a global low volatility strategy can provide a smoother journey over time and help protect capital whether markets go down a little or a lot.
Low vol investing 101
Institutional Portfolio Manager of the Fidelity Global Low Volatility Equity Fund Ben Treacy provides an outline of low volatility investing, including the different approaches, who it may be suitable for and the best time to invest.
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Inflation expectations
I don’t know any better than anyone else whether inflation will turn out to be a genuine problem, but I do know that it’s just about the most important question for us to be asking today.
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Fund downloads
- Whitepaper: Prudent Growth with Low-Volatility Equity Investing(339.38KB)
- Additional Information
- The case for global low volatility equity investing(519.28KB)
- Fund flyer(476.50KB)
- Fund fact sheet(80.59KB)
- Whitepaper: Choose the equity escalator(285.98KB)
- Product Disclosure Statement(1.93MB)
- Application form(630.38KB)
- Target Market Determination (TMD)
This Fund is subject to the risk of stock market fluctuations. 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.
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.