Fidelity Sustainable Water & Waste Fund
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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.

Integrates ESG into its investment and risk processes which leads to superior sustainable portfolio characteristics.

Key facts

About this fund
Unit prices (at 10/08/20) Buy 10.6199 / Sell 10.5564 Unit price history
Buy/sell spread 0.30%/0.30%
Management costs1 1.05% p.a Fee disclosure document
Fund size (at 10/08/20) A$2.95M
Inception date 01 June 2020
Distribution frequency Annually
Currency Australian dollar
Benchmark MSCI All Country World Index (N)
About the manager
Portfolio manager Bertrand Lecourt
Appointed to fund 01 June 2020
Location London
Joined Fidelity November 2018
Unique identifiers
APIR code FID0239AU
ARSN code 617169365
mFund code FIL39

Fund performance2

Net returns as at 31 July 2020

Timeframe Fund Benchmark Active return
1 mth % 2.80 1.08 1.72
3 mth % - - -
6 mth % - - -
Since inception (01/06/20) % pa 1.77 1.86 -0.09
Timeframe 1 mth
%
3 mth
%
6 mth
%
Since inception
(01/06/20) % pa
Fund 2.80 - - 1.77
Benchmark 1.08 - - 1.86
Active return 1.72 - - -0.09

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 2020

As at 30 June 2020

% total net assets
WASTE MANAGEMENT INC DEL 3.6%
AMERICAN WATER WORKS CO INC 3.3%
SANEAMENTO BASICO DE SP (CIA) 3.2%
ROPER TECHNOLOGIES INC 3.2%
VEOLIA ENVIRONNEMENT 3.1%
WASTE CONNECTION INC 3.0%
COWAY CO LTD 2.9%
REPUBLIC SERVICES INC 2.9%
EVOQUA WATER TECHNOLOGIES CO 2.8%
ESSENTIAL UTILITIES INC 2.8%

As at 30 June 2020

Fund % Benchmark % Relative %
WASTE MANAGEMENT INC DEL 3.6 0.1 3.5
AMERICAN WATER WORKS CO INC 3.3 0.0 3.3
SANEAMENTO BASICO DE SP (CIA) 3.2 0.0 3.2
ROPER TECHNOLOGIES INC 3.2 0.1 3.1
VEOLIA ENVIRONNEMENT 3.1 0.0 3.1

As at 30 June 2020

Fund % Benchmark % Relative %
APPLE INC 0.0 3.4 - 3.4
MICROSOFT CORP 0.0 3.1 - 3.1
AMAZON.COM INC 0.0 2.5 - 2.5
ALPHABET INC 0.0 1.8 - 1.8
FACEBOOK INC 0.0 1.1 - 1.1
Distribution Distribution (CPU) Reinvestment price
30-Jun-20 184.3100 $9.9438

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. 

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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

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 Bertrand Lecourt

There is no economy without water, and no sustainable economy without water and waste management. Bertrand Lecourt, Portfolio Manager for the Fidelity Sustainable Water & Waste Fund outlines the case for water and waste investing and how he constructs his portfolio for the long-term.

More insights

Related insights

Get Fidelity insights

Fidelity Insights is a free, monthly e-newsletter that brings you valuable and distilled investment insights, opinion and education.

Subscribe 

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.