Fidelity Sustainable Water & Waste Fund
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Fidelity Sustainable Water & Waste Fund

Investment objective

To achieve returns in excess of the MSCI All Country World Index (N) over the suggested minimum investment time period of five to seven years.

Invests globally in companies involved in the design, manufacture, or sale of products and services in connection with the water and waste management sectors.

Uses a rigorous bottom-up stock selection process to select companies that exhibit quality and growth, with an emphasis on sustainable investments.

Uses an exclusion framework and ESG screening so that at least 70% of the portfolio is invested in companies exhibiting sustainable characteristics, and 30% are showing improving, or potential for improving, characteristics.

Key facts

About this fund
Unit prices (at 29/07/21) Buy 13.4470 / Sell 13.3666 Unit price history
Buy/sell spread 0.30%/0.30%
Management costs1 1.05% p.a Fee disclosure document
Fund size (at 29/07/21) A$5.70M
Inception date 01 June 2020
Distribution frequency Annually
Currency Australian dollar
Benchmark MSCI All Country World Index (N)
About the manager
Portfolio manager Velislava Dimitrova / Cornelia Furse
Appointed to fund 10 February 2021
Location London
Joined Fidelity 2008 / 2010
Unique identifiers
APIR code FID0239AU
ARSN code 617169365
mFund code FIL39

Fund performance2

Net returns as at 30 June 2021

Timeframe Fund Benchmark Active return
1 yr % 29.05 27.72 1.33
3 yr % pa - - -
5 yr % pa - - -
Since inception (01/06/20) % pa 25.48 26.33 -0.85
Timeframe 1 yr
%
3 yr
% pa
5 yr
% pa
Since inception
(01/06/20) % pa
Fund 29.05 - - 25.48
Benchmark 27.72 - - 26.33
Active return 1.33 - - -0.85

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 ACWI (All Country World Index) Index NR. 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.

    Fidelity Sustainable Water & Waste Fund
    0
    MSCI All Country World Index (N)
    0

    Chart as at: 30 June 2021

    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 ACWI (All Country World Index) Index NR. 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 2021

    Total return Growth Income
    1 yr % 29.05 29.05 -
    3 yr % pa - - -
    5 yr % pa - - -
    Since inception (01/06/20) % pa 25.48 25.48 -
    1 yr
    %
    3 yr
    % pa
    5 yr
    % pa
    Since inception
    (01/06/20) % pa
    Total return 29.05 - - 25.48
    Growth 29.05 - - 25.48
    Income - - - -

    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 ACWI (All Country World Index) Index NR. 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 2021

    As at 30 June 2021

    % total net assets
    AMERICAN WATER WORKS CO INC 4.3%
    EBARA CORP 4.1%
    CHINA LESSO GRP HLDGS LTD 3.8%
    COWAY CO LTD 3.6%
    EVOQUA WATER TECHNOLOGIES CO 3.6%
    INTERPUMP GROUP SPA 3.4%
    AALBERTS NV 3.4%
    ADVANCED DRAIN SYS INC DEL 3.4%
    ENTEGRIS INC 3.2%
    SIEMENS AG 3.1%

    As at 30 June 2021

    Fund % Benchmark % Relative %
    AMERICAN WATER WORKS CO INC 4.3 0.0 4.3
    EBARA CORP 4.1 0.0 4.1
    CHINA LESSO GRP HLDGS LTD 3.8 0.0 3.8
    COWAY CO LTD 3.6 0.0 3.6
    EVOQUA WATER TECHNOLOGIES CO 3.6 0.0 3.6

    As at 30 June 2021

    Fund % Benchmark % Relative %
    APPLE INC 0.0 3.5 -3.5
    MICROSOFT CORP 0.0 2.9 -2.9
    ALPHABET INC 0.0 2.2 -2.2
    AMAZON.COM INC 0.0 2.2 -2.2
    FACEBOOK INC 0.0 1.3 -1.3
    Distribution Distribution (CPU) Reinvestment price
    5.3872 $12.7790

    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

     

    Morningstar 2020 Australia Fund Manager of the Year3

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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. 

    3Morningstar Awards 2020 ©. Morningstar, Inc. All Rights Reserved. Awarded to Fidelity International for Morningstar 2020 Australia Fund Manager of the Year.

    Why this fund

    Access a unique fund that invests globally into companies across the water and waste value chains.

    A theme supported by global mega-trends including urbanisation, increasing regulation and health needs and a growing middle class and consumption.

    Access our experience in identifying opportunities in these under-researched sectors leveraging our global network of investment professionals.

    Invest in the Fidelity Sustainable Water & Waste Fund

    At Fidelity we're committed to doing our part to protect the environment, that's why the Fidelity Water & Waste Fund offers investors the chance to invest in companies which make our environment a little cleaner.

    Meet Velislava and Cornelia

    Co-Portfolio Managers Velislava Dimitrova and Cornelia Furse for the Fidelity Sustainable Water & Waster Fund reveal why investors should consider water and waste, what is important when picking sustainable companies and why investing in this area is so important to them.

    More insights

    Related insights

    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. 

    3Morningstar Awards 2020 ©. Morningstar, Inc. All Rights Reserved. Awarded to Fidelity International for Morningstar 2020 Australia Fund Manager of the Year.