A diversified portfolio of 80-120 of some of the best ideas globally drawn from Fidelity's global research and financial modelling.
Uses a rigorous bottom-up stock selection process that focuses on finding companies with sustainable pricing power, strong management and companies investing for future growth.
Currency exposure is substantially hedged back to Australian Dollars.
The Fund aims to provide sustained compounding returns, and seeks to manage downside risk by diversifying across sectors, countries and companies.
Designed to be a core holding, the Fund has a 20+ year proven track record of solid performance.
A global team providing unique insights into investment themes and ideas backed by 400+ Fidelity investment professionals.
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 Equities Fund from the Fund's inception in September 2005 compared with $10,000 invested in the MSCI All Country World Index AUD Hedged.
Chart as at: 30 September 2025
Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Total 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 taxation or for any fees charged by operators of master trusts or wrap accounts through which the products are offered. Returns of more than one year are annualised. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Growth return is the unit price movement on exit to exit basis. Income is expressed as Total Return less growth component. The benchmark is the MSCI All Country World Index NR Hedged to AUD.
Net returns as at 30 September 2025
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
15 yr % pa |
20 yr % pa |
Since inception (29/09/05) % pa |
|---|---|---|---|---|---|---|---|---|
| Fund | 18.61 | 20.71 | 11.63 | 10.39 | 11.43 | 11.55 | 9.07 | 9.06 |
| Benchmark | 16.86 | 21.02 | 12.95 | 10.32 | 11.47 | 11.54 | 8.79 | 8.78 |
| Active return | 1.75 | -0.31 | -1.32 | 0.07 | -0.04 | 0.01 | 0.28 | 0.28 |
Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Total 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 taxation or for any fees charged by operators of master trusts or wrap accounts through which the products are offered. Returns of more than one year are annualised. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Growth return is the unit price movement on exit to exit basis. Income is expressed as Total Return less growth component. The benchmark is the MSCI All Country World Index NR Hedged to AUD.
Net as at 30 September 2025
| 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
15 yr % pa |
20 yr % pa |
Since inception (29/09/05) % pa |
|
|---|---|---|---|---|---|---|---|---|
| Total return | 18.61 | 20.71 | 11.63 | 10.39 | 11.43 | 11.55 | 9.07 | 9.06 |
| Growth | 18.61 | 20.71 | 11.34 | 10.19 | 11.29 | 9.94 | 6.42 | 6.41 |
| Income | - | - | 0.29 | 0.20 | 0.14 | 1.62 | 2.65 | 2.65 |
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. Total 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 taxation or for any fees charged by operators of master trusts or wrap accounts through which the products are offered. Returns of more than one year are annualised. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Growth return is the unit price movement on exit to exit basis. Income is expressed as Total Return less growth component. The benchmark is the MSCI All Country World Index NR Hedged to AUD.
| Distribution | Distribution (CPU) | Reinvestment price | Ex-distribution exit price |
|---|---|---|---|
| 30-Jun-2025 | 0.0000 | $0.0000 | $0.0000 |
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.
As at 30 September 2025
As at 30 September 2025
As at 30 September 2025
| % total net assets | |
|---|---|
| MICROSOFT CORP | 5.0% |
| BERKSHIRE HATHAWAY INC DEL | 4.6% |
| AMAZON.COM INC | 4.1% |
| TAIWAN SEMICONDUCTOR MFG CO LTD | 3.4% |
| LAM RESEARCH CORP | 3.3% |
| ADOBE INC | 3.2% |
| DANAHER CORP | 2.9% |
| SALESFORCE INC | 2.9% |
| GALLAGHER (ARTHUR J.) & CO | 2.8% |
| BROADCOM INC | 2.8% |
As at 30 September 2025
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| BERKSHIRE HATHAWAY INC DEL | 4.6 | 0.8 | 3.8 |
| LAM RESEARCH CORP | 3.3 | 0.2 | 3.2 |
| ADOBE INC | 3.2 | 0.2 | 3.0 |
| DANAHER CORP | 2.9 | 0.1 | 2.8 |
| GALLAGHER (ARTHUR J.) & CO | 2.8 | 0.1 | 2.7 |
As at 30 September 2025
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| NVIDIA CORP | 1.6 | 5.0 | -3.5 |
| APPLE INC | 1.0 | 4.2 | -3.2 |
| TESLA INC | 0.0 | 1.4 | -1.4 |
| JPMORGAN CHASE & CO | 0.0 | 1.0 | -1.0 |
| ELI LILLY & CO | 0.0 | 0.7 | -0.7 |
| Organisation | Rating / Recommendation |
|---|---|
| Morningstar | Neutral4 |
| Zenith | Recommended5 |
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. 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.
1 Management fees and costs are current as at the date shown above but may be subject to change in the future. Management fees and costs include management fees, estimated indirect costs, the net effect of GST and exclude abnormal expenses, transaction costs and any performance fee payable.
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.
