Fidelity Hedged Global Dividend Growth Fund
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Investment objective

To achieve returns in excess of the MSCI All Country World Index NR 100% Hedged to AUD over the suggested minimum investment time period of five to seven years.

Invests in a diversified selection of typically 40 to 60 companies globally with a track record of sustainable dividend growth and capital growth. 

A rigorous stock selection process that focuses on quality companies with predictable business models, sound management and low levels of debt that can generate strong returns over a business cycle.

Currency exposure is substantially hedged back to Australian Dollars.

Key facts

About this fund
Unit prices (at 20/02/18) Buy 10.8524 / Sell 10.7874 Unit price history
Buy/sell spread 0.30%/0.30%
Management costs1 1.20% p.a
Fund size (at 20/02/18) A$1.48M
Inception date 29 July 2015
Distribution frequency Annually
Currency Australian dollar
Benchmark MSCI All Country World Index NR AUD Hedged
About the manager
Portfolio manager Aditya Shivram
Appointed to fund 29 July 2015
Location London
Joined Fidelity 2003
Unique identifiers
APIR code FID0035AU
ARSN code 605622151
mFund code FIL35

Fund performance2

Net returns as at 31 January 2018

Timeframe Fund Benchmark Active return
1 mth % 0.90 4.06 -3.16
3 mth % 1.15 6.83 -5.68
6 mth % 4.38 12.75 -8.37
1 yr % 13.18 23.67 -10.49
3 yr % pa - - -
5 yr % pa - - -
Since inception (29/07/15) % pa 7.44 12.00 -4.56
Timeframe 1 yr
%
3 yr
% pa
5 yr
% pa
Since inception
(29/07/15) % pa
Fund 13.18 - - 7.44
Benchmark 23.67 - - 12.00
Active return -10.49 - - -4.56

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 All Country World Index NR AUD Hedged. 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 31 January 2018

Total return Growth Income
1 yr % 13.18 5.77 7.41
3 yr % pa - - -
5 yr % pa - - -
Since inception (29/07/15) % pa 7.44 4.59 2.85
1 yr
%
3 yr
% pa
5 yr
% pa
Since inception
(29/07/15) % pa
Total return 13.18 - - 7.44
Growth 5.77 - - 4.59
Income 7.41 - - 2.85

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 All Country World Index NR AUD Hedged. 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 31 January 2018

As at 31 January 2018

% total net assets
WOLTERS KLUWER NV 4.5%
MARSH & MCLENNAN COS INC 4.0%
JOHNSON & JOHNSON 3.8%
RELX NV 3.6%
PEPSICO INC 3.5%
DIAGEO PLC 3.3%
PROCTER & GAMBLE CO 3.2%
DEUTSCHE BOERSE AG 3.1%
MICROSOFT CORP 2.9%
US BANCORP DEL 2.7%

As at 31 January 2018

Fund % Benchmark % Relative %
WOLTERS KLUWER NV 4.5 0.0 4.5
MARSH & MCLENNAN COS INC 4.0 0.1 3.9
RELX NV 3.6 0.0 3.5
DIAGEO PLC 3.3 0.2 3.1
PEPSICO INC 3.5 0.4 3.1

As at 31 January 2018

Fund % Benchmark % Relative %
APPLE INC 0.0 1.8 - 1.8
ALPHABET INC 0.0 1.5 - 1.5
AMAZON.COM INC 0.0 1.2 - 1.2
FACEBOOK INC 0.0 0.9 - 0.9
JPMORGAN CHASE & CO 0.0 0.8 - 0.8
Distribution Distribution (CPU) Reinvestment price
31-Dec-17 0.000000 $11.0881

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
Zenith Recommended4

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This Fund is substantially hedged (although not 100% hedged) and is also subject to the fluctuations in international stock markets. 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.

2The returns shown have been calculated using the net asset value of the Fund from one period to the next. The returns include any re-invested distributions and are after fees and expenses. No allowance has been made for taxation or for any fees charged by operators of master trusts or wrap accounts through which the products are offered. For periods greater than one year returns have been annualised. 

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.

4Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned November 2016) referred to in this document is limited to “General Advice” (as defined by the Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessment’s and at http://www.zenithpartners.com.au/RegulatoryGuidelines

Why this fund

Access to 40-60 companies globally with a track record of sustainable dividends and capital growth.

Invests in high quality, resilient companies that can generate strong returns over a business cycle.

Aims to provide lower volatility than the market.

Meet Aditya Shivram

Portfolio Manager of the Fidelity Dividend Growth Fund shares the investment philosophy and process.

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From 'made in China' to 'created in China'
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Behavioural finance: Why is it so relevant in the field of investing?
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This Fund is substantially hedged (although not 100% hedged) and is also subject to the fluctuations in international stock markets. 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.

2The returns shown have been calculated using the net asset value of the Fund from one period to the next. The returns include any re-invested distributions and are after fees and expenses. No allowance has been made for taxation or for any fees charged by operators of master trusts or wrap accounts through which the products are offered. For periods greater than one year returns have been annualised. 

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.

4Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned November 2016) referred to in this document is limited to “General Advice” (as defined by the Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessment’s and at http://www.zenithpartners.com.au/RegulatoryGuidelines