Fidelity Global Low Volatility Equity Fund
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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

About this fund
Unit prices (at 19/07/19) Buy 11.4501 / Sell 11.3929 Unit price history
Buy/sell spread 0.25%/0.25%
Management costs1 0.75% p.a.
Fund size (at 19/07/19) A$53.89M
Inception date 15 December 2017
Distribution frequency Annually
Currency Australian dollar
Benchmark MSCI World Index (N)
About the manager
Portfolio manager Zach Dewhirst
Appointed to fund 15 December 2017
Location Boston, US
Joined Fidelity 2007
Unique identifiers
APIR code FID9876AU
ARSN code 622 269 434
mFund code FIL76

Fund performance2

Net returns as at 30 June 2019

Timeframe Fund Benchmark Active return
1 yr % 15.31 11.95 3.36
3 yr % pa - - -
5 yr % pa - - -
Since inception (15/12/17) % pa 12.02 11.03 0.99
Timeframe 1 yr
%
3 yr
% pa
5 yr
% pa
Since inception
(15/12/17) % pa
Fund 15.31 - - 12.02
Benchmark 11.95 - - 11.03
Active return 3.36 - - 0.99

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) (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 Low Volatility Equity Fund from the Fund's inception in December 2017 compared with $10,000 invested in the MSCI World Index (N). 

    Fidelity Global Low Volatility Equity Fund
    0
    MSCI World Index (N)
    0

    Chart as at: 30 June 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) (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 30 June 2019

    Total return Growth Income
    1 yr % 15.31 14.09 1.22
    3 yr % pa - - -
    5 yr % pa - - -
    Since inception (15/12/17) % pa 12.02 11.25 0.77
    1 yr
    %
    3 yr
    % pa
    5 yr
    % pa
    Since inception
    (15/12/17) % pa
    Total return 15.31 - - 12.02
    Growth 14.09 - - 11.25
    Income 1.22 - - 0.77

    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) (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 30 June 2019

    As at 30 June 2019

    % total net assets
    RIO TINTO LTD 1.0%
    AMERICAN TOWER CORP 0.9%
    TYSON FOODS INC 0.9%
    MONDELEZ INTL INC 0.9%
    MCDONALDS CORP 0.9%
    SINGAPORE TECH ENGINEERING LTD 0.9%
    WALMART INC 0.9%
    XCEL ENERGY INC 0.9%
    COCA-COLA EUROPEAN PARTNERS PLC 0.9%
    ENTERGY CORP NEW 0.8%

    As at 30 June 2019

    Fund % Benchmark % Relative %
    RIO TINTO LTD 1.0 0.1 0.9
    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
    HKT TRUST AND HKT LTD 0.8 0.0 0.8

    As at 30 June 2019

    Fund % Benchmark % Relative %
    MICROSOFT CORP 0.0 2.4 - 2.4
    AMAZON.COM INC 0.0 1.9 - 1.9
    APPLE INC 0.6 2.3 - 1.7
    ALPHABET INC 0.0 1.6 - 1.6
    FACEBOOK INC 0.0 1.1 - 1.1
    Distribution Distribution (CPU) Reinvestment price
    28-Jun-19 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. 

    Fund ratings3

    Organisation Rating / Recommendation
    Lonsec
    Rated4
    The Lonsec report is only available to financial advisers, please contact us for a copy
       

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    Related insights

    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. 

    3You should refer to respective research houses (and their disclaimers below) to obtain further information about the meaning of the rating and the rating scale. Ratings are only one factor to be taken into account when deciding whether to invest. Ratings are subject to change without notice and may not be regularly updated.  Ratings are current as at date (s) stated below. Fidelity pays a fee to some research houses for rating our funds.

    4The Lonsec Rating (assigned June 2019) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to "General Advice" (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Fidelity International product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria.

    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

    Get Fidelity insights

    Fidelity Insights is a free, monthly e-newsletter that brings you valuable and distilled investment insights, opinion and education.

    Subscribe 

    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. 

    3You should refer to respective research houses (and their disclaimers below) to obtain further information about the meaning of the rating and the rating scale. Ratings are only one factor to be taken into account when deciding whether to invest. Ratings are subject to change without notice and may not be regularly updated.  Ratings are current as at date (s) stated below. Fidelity pays a fee to some research houses for rating our funds.

    4The Lonsec Rating (assigned June 2019) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to "General Advice" (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Fidelity International product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria.