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 30 June 2022
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 yr % | -1.80 | -6.48 | 4.68 |
| 3 yr % pa | 3.90 | 7.72 | -3.82 |
| 5 yr % pa | - | - | - |
| Since inception (15/12/17) % pa | 6.58 | 8.83 | -2.25 |
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
Since inception (15/12/17) % pa |
|---|---|---|---|---|
| Fund | -1.80 | 3.90 | - | 6.58 |
| Benchmark | -6.48 | 7.72 | - | 8.83 |
| Active return | 4.68 | -3.82 | - | -2.25 |
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: 30 June 2022
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 30 June 2022
| Total return | Growth | Income | |
|---|---|---|---|
| 1 yr % | -1.8 | -2.7 | 0.9 |
| 3 yr % pa | 3.9 | -3.51 | 7.41 |
| 5 yr % pa | - | - | - |
| Since inception (15/12/17) % pa | 6.58 | 1.26 | 5.32 |
| 1 yr % |
3 yr % pa |
5 yr % pa |
Since inception (15/12/17) % pa |
|
|---|---|---|---|---|
| Total return | -1.8 | 3.9 | - | 6.58 |
| Growth | -2.7 | -3.51 | - | 1.26 |
| Income | 0.9 | 7.41 | - | 5.32 |
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 May 2022
As at 31 May 2022
| % total net assets | |
|---|---|
| LILLY (ELI) & CO | 1.2% |
| VERTEX PHARMACEUTICALS INC | 1.2% |
| AGNICO EAGLE MINES LTD | 1.1% |
| BERKSHIRE HATHAWAY INC DEL | 1.0% |
| MARSH & MCLENNAN COS INC | 1.0% |
| T-MOBILE US INC | 1.0% |
| SOUTHERN COMPANY | 1.0% |
| NISOURCE INC | 1.0% |
| UNITEDHEALTH GROUP INC | 1.0% |
| NEWMONT CORP | 1.0% |
As at 31 May 2022
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| VERTEX PHARMACEUTICALS INC | 1.2 | 0.1 | 1.0 |
| AGNICO EAGLE MINES LTD | 1.1 | 0.0 | 1.0 |
| NISOURCE INC | 1.0 | 0.0 | 1.0 |
| CBOE GLOBAL MARKETS INC | 0.9 | 0.0 | 0.9 |
| NEWMONT CORP | 1.0 | 0.1 | 0.9 |
As at 31 May 2022
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| APPLE INC | 0.8 | 4.5 | -3.7 |
| MICROSOFT CORP | 0.8 | 3.6 | -2.8 |
| AMAZON.COM INC | 0.0 | 2.0 | -2.0 |
| ALPHABET INC | 0.9 | 2.5 | -1.5 |
| TESLA INC | 0.0 | 1.2 | -1.2 |
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 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
- Additional Information
- Fund fact sheet(73.65KB)
- Product Disclosure Statement(1.93MB)
- Application form(908.62KB)
- 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.
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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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Australian equities are a popular choice for investors, currently making up the largest share (35%) of SMSF funds under management. But by limiting your portfolio to domestic shares, you’re missing out on exposure to a huge number of the world’s most successful companies.
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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.