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
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: 28 February 2023
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 returns as at 28 February 2023
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 yr % | 2.32 | -0.28 | 2.60 |
| 3 yr % pa | 2.70 | 8.27 | -5.57 |
| 5 yr % pa | 7.48 | 10.02 | -2.54 |
| Since inception (15/12/17) % pa | 6.52 | 9.59 | -3.07 |
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
Since inception (15/12/17) % pa |
|---|---|---|---|---|
| Fund | 2.32 | 2.70 | 7.48 | 6.52 |
| Benchmark | -0.28 | 8.27 | 10.02 | 9.59 |
| Active return | 2.60 | -5.57 | -2.54 | -3.07 |
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.
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 28 February 2023
As at 28 February 2023
| % total net assets | |
|---|---|
| MERCK & CO INC | 1.1% |
| T-MOBILE US INC | 1.1% |
| SUMITOMO MITSUI FINL GRP INC | 1.1% |
| CBOE GLOBAL MARKETS INC | 1.0% |
| MARSH & MCLENNAN COS INC | 1.0% |
| REGENERON PHARMACEUTICALS INC | 1.0% |
| BERKSHIRE HATHAWAY INC DEL | 1.0% |
| VERTEX PHARMACEUTICALS INC | 1.0% |
| UNITEDHEALTH GROUP INC | 0.9% |
| AIA GROUP LTD | 0.9% |
As at 28 February 2023
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| CBOE GLOBAL MARKETS INC | 1.0 | 0.0 | 1.0 |
| SUMITOMO MITSUI FINL GRP INC | 1.1 | 0.1 | 0.9 |
| T-MOBILE US INC | 1.1 | 0.2 | 0.9 |
| MARSH & MCLENNAN COS INC | 1.0 | 0.2 | 0.9 |
| NISSIN FOOD HOLDINGS CO LTD | 0.9 | 0.0 | 0.9 |
As at 28 February 2023
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| APPLE INC | 0.8 | 4.6 | -3.8 |
| MICROSOFT CORP | 0.8 | 3.4 | -2.6 |
| ALPHABET INC | 0.0 | 2.0 | -2.0 |
| AMAZON.COM INC | 0.0 | 1.7 | -1.7 |
| NVIDIA CORP | 0.0 | 1.1 | -1.1 |
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 30-Jun-22 | 37.8535 | $10.2015 |
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.
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
Low volatility strategies are designed to help 'smooth the ride', giving equity investors the opportunity to earn meaningful investment returns while aiming to reduce the downside risk of their investment.
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.
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.
