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 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).
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.
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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.
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
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.
The winners of tomorrow
A decade ago, the top ten companies in the world were dominated by China and energy companies. Today, seven of the top ten are technology companies. So how do we find tomorrow's winners today?
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 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.