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 NR over the medium to long term.

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 25/10/21) Buy 13.4795 / Sell 13.4257 Unit price history
Buy/sell spread 0.20%/0.20%
Management costs1 1.05% p.a Fee disclosure document
Fund size (at 25/10/21) A$6.73M
Inception date 01 June 2020
Distribution frequency Annually
Currency Australian dollar
Benchmark MSCI All Country World Index NR
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

Sustainable characteristics

The Fund is part of Fidelity’s Sustainable Fund Family which adheres to a transparent sustainability framework that leverages Fidelity’s proprietary ESG research.

ESG integration

We invest at least 70% of the fund in companies exhibiting sustainable characteristics and 30% into companies that are showing improving, or potential for improving, characteristics.2 We engage with all companies, and we set milestones, timelines, and influence change via a proactive engagement plan, particularly for lower-rated holdings.

Exclusion

The Fund seeks to avoid investing in companies that can cause harm or undermine a more sustainable economy. We use an exclusion policy when making investment decisions which incorporates norms-based screening and negative screening of certain sectors, companies or practices.

The Fund will not invest in companies involved with:

  • Tobacco
  • Controversial weapons
  • Conventional weapons
  • Semi-automatic weapons
  • Thermal coal
  • Nuclear generation and nuclear-related activities
  • Conventional/unconventional oil and gas
  • Evidence of coal reserves
  • Genetic engineering
  • Violators of UN Global Compact

See the PDS for full details.

Fund performance3

Net returns as at 30 September 2021

Timeframe Fund Benchmark Active return
1 yr % 28.30 26.45 1.85
3 yr % pa - - -
5 yr % pa - - -
Since inception (01/06/20) % pa 24.47 23.43 1.04
Timeframe 1 yr
%
3 yr
% pa
5 yr
% pa
Since inception
(01/06/20) % pa
Fund 28.30 - - 24.47
Benchmark 26.45 - - 23.43
Active return 1.85 - - 1.04

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. 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 NR
    0

    Chart as at: 30 September 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 All Country World 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 September 2021

    Total return Growth Income
    1 yr % 28.3 28.3 -
    3 yr % pa - - -
    5 yr % pa - - -
    Since inception (01/06/20) % pa 24.47 24.47 -
    1 yr
    %
    3 yr
    % pa
    5 yr
    % pa
    Since inception
    (01/06/20) % pa
    Total return 28.3 - - 24.47
    Growth 28.3 - - 24.47
    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 All Country World 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 September 2021

    As at 30 September 2021

    % total net assets
    AMERICAN WATER WORKS CO INC 4.7%
    EVOQUA WATER TECHNOLOGIES CO 4.0%
    EBARA CORP 3.8%
    SIEMENS AG 3.5%
    SERVICE CORP INTERNATIONAL INC 3.4%
    HORIBA LTD 3.3%
    ADVANCED DRAIN SYS INC DEL 3.2%
    RINNAI CORP 3.2%
    AALBERTS NV 3.1%
    COWAY CO LTD 3.1%

    As at 30 September 2021

    Fund % Benchmark % Relative %
    AMERICAN WATER WORKS CO INC 4.7 0.0 4.6
    EVOQUA WATER TECHNOLOGIES CO 4.0 0.0 4.0
    EBARA CORP 3.8 0.0 3.8
    SERVICE CORP INTERNATIONAL INC 3.4 0.0 3.4
    SIEMENS AG 3.5 0.2 3.3

    As at 30 September 2021

    Fund % Benchmark % Relative %
    APPLE INC 0.0 3.6 -3.6
    MICROSOFT CORP 0.0 3.1 -3.1
    ALPHABET INC 0.0 2.4 -2.4
    AMAZON.COM INC 0.0 2.3 -2.3
    FACEBOOK INC 0.0 1.2 -1.2
    Distribution Distribution (CPU) Reinvestment price
    30-Jun-21 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 ratings4

    Organisation Rating / Recommendation
    Lonsec
    Investment Grade 5
    The Lonsec Report is only available to financial advisers, please contact us for a copy
    Certified by RIAA

    The Fidelity Sustainable Water & Waste Fund has been certified by RIAA according to the strict operational and disclosure practices required under the Responsible Investment Certification Program.6

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    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.

    2Determined by Fidelity research.

    3Total 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. 

    4You 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.

    5The Lonsec Rating (assigned May 2021) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to "General Advice" (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Fidelity International product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria.

    6The Fidelity Sustainable Water & Waste Fund has been certified by RIAA according to the strict operational and disclosure practices required under the Responsible Investment Certification Program.

    See www.responsibleinvestment.org for details.

    The Certification Symbol is a Registered Trademark of the Responsible Investment Association Australasia (RIAA). Detailed information about RIAA, the Symbol and the Fund’s methodology, performance and stock holdings can be found at www.responsiblereturns.com.au, together with details about other responsible investment products certified by RIAA.

    The Responsible Investment Certification Program does not constitute financial product advice. Neither the Certification Symbol nor RIAA recommends to any person that any financial product is a suitable investment or that returns are guaranteed. Appropriate professional advice should be sought prior to making an investment decision. RIAA does not hold an Australian Financial Services Licence.

    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 & Waste 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.

    2Determined by Fidelity research.

    3Total 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. 

    4You 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.

    5The Lonsec Rating (assigned May 2021) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to "General Advice" (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Fidelity International product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria.

    6The Fidelity Sustainable Water & Waste Fund has been certified by RIAA according to the strict operational and disclosure practices required under the Responsible Investment Certification Program.

    See www.responsibleinvestment.org for details.

    The Certification Symbol is a Registered Trademark of the Responsible Investment Association Australasia (RIAA). Detailed information about RIAA, the Symbol and the Fund’s methodology, performance and stock holdings can be found at www.responsiblereturns.com.au, together with details about other responsible investment products certified by RIAA.

    The Responsible Investment Certification Program does not constitute financial product advice. Neither the Certification Symbol nor RIAA recommends to any person that any financial product is a suitable investment or that returns are guaranteed. Appropriate professional advice should be sought prior to making an investment decision. RIAA does not hold an Australian Financial Services Licence.