Investment objective
To achieve returns in excess of the MSCI World Index (N) over the suggested minimum investment time period of five to seven years.
A diversified core portfolio of 100-250 global equities. It aims to achieve long-term capital growth with lower risk than the market.
Uses our global research platform and quantitative risk tools to build an optimal portfolio.
Aims to outperform the market with volatility of 60%-80% of the MSCI World Index.
Key facts
Fund performance2
Net returns as at 31 August 2019
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 yr % | 15.74 | 7.62 | 8.12 |
| 3 yr % pa | - | - | - |
| 5 yr % pa | - | - | - |
| Since inception (15/12/17) % pa | 14.23 | 11.50 | 2.73 |
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
Since inception (15/12/17) % pa |
|---|---|---|---|---|
| Fund | 15.74 | - | - | 14.23 |
| Benchmark | 7.62 | - | - | 11.50 |
| Active return | 8.12 | - | - | 2.73 |
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 (N).
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 (N).
Chart as at: 31 August 2019
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 (N).
Net as at 31 August 2019
| Total return | Growth | Income | |
|---|---|---|---|
| 1 yr % | 15.74 | 11.32 | 4.42 |
| 3 yr % pa | - | - | - |
| 5 yr % pa | - | - | - |
| Since inception (15/12/17) % pa | 14.23 | 10.96 | 3.27 |
| 1 yr % |
3 yr % pa |
5 yr % pa |
Since inception (15/12/17) % pa |
|
|---|---|---|---|---|
| Total return | 15.74 | - | - | 14.23 |
| Growth | 11.32 | - | - | 10.96 |
| Income | 4.42 | - | - | 3.27 |
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 (N).
Sectors, holdings and distributions
As at 31 July 2019
As at 31 July 2019
| % total net assets | |
|---|---|
| AMERICAN TOWER CORP | 1.0% |
| MCDONALDS CORP | 0.9% |
| MONDELEZ INTL INC | 0.9% |
| TYSON FOODS INC | 0.9% |
| SINGAPORE TECH ENGINEERING LTD | 0.9% |
| RIO TINTO LTD | 0.9% |
| FISERV INC | 0.9% |
| ENTERGY CORP NEW | 0.9% |
| XCEL ENERGY INC | 0.9% |
| WALMART INC | 0.9% |
As at 31 July 2019
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| SINGAPORE TECH ENGINEERING LTD | 0.9 | 0.0 | 0.9 |
| TYSON FOODS INC | 0.9 | 0.1 | 0.8 |
| REA GROUP LTD | 0.8 | 0.0 | 0.8 |
| RIO TINTO LTD | 0.9 | 0.1 | 0.8 |
| HKT TRUST AND HKT LTD | 0.8 | 0.0 | 0.8 |
As at 31 July 2019
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| MICROSOFT CORP | 0.0 | 2.4 | - 2.4 |
| AMAZON.COM INC | 0.0 | 1.9 | - 1.9 |
| ALPHABET INC | 0.0 | 1.8 | - 1.8 |
| APPLE INC | 0.6 | 2.4 | - 1.8 |
| FACEBOOK INC | 0.0 | 1.1 | - 1.1 |
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 44.995 | 11.3337 |
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.
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As we move towards 2019, investors must guard against the market rotation, as the sectoral distribution of returns tends to change during such periods.
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 for investors who want to capture the capital growth opportunity of global equities, with a less volatile experience than investing in the market.
Uses a unique combination of research from our 400 investment experts and quantitative tools to choose the best stocks for the portfolio.
By reducing the effect of negative markets, the fund aims to outperform the market with improved compound returns over time.
Related insights
Rumble or roar: the future for global equity markets
In the first of two articles, we look at three possible scenarios that could unfold in global equity markets over the next five years - are the roaring 20’s upon us, or is there reason to tread more carefully as we head into the next decade?
An excellent time to be a stock-picker
After ten years in which market movements have tended to be relatively uniform we've seen the return of volatility. Although this feels unsettling it's great news if you are in the business of picking winners and avoiding losers.
Welcome to 2019! A year of divided outcomes
There are always reasons to worry but most of the time with a bottom-up mindset one can get on with investing without spending too much time on the macro. 2019 is unlikely to be one of those years but I can't help feeling more positive tactically while still cautious structurally on global equities.
2019 outlook: Global equities
As we move towards 2019, investors must guard against the market rotation, as the sectoral distribution of returns tends to change during such periods.
Get Fidelity insights
Fidelity Insights is a free, monthly e-newsletter that brings you valuable and distilled investment insights, opinion and education.
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.