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 15/04/21) Buy 12.0248 / Sell 11.9529 Unit price history
Buy/sell spread 0.30%/0.30%
Management costs1 1.05% p.a Fee disclosure document
Fund size (at 15/04/21) A$4.48M
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 31 March 2021

Timeframe Fund Benchmark Active return
1 mth % 6.09 4.36 1.73
3 mth % 5.44 5.94 -0.50
6 mth % 10.89 12.86 -1.97
Since inception (01/06/20) % pa 15.68 18.12 -2.44
Timeframe 1 mth
%
3 mth
%
6 mth
%
Since inception
(01/06/20) % pa
Fund 6.09 5.44 10.89 15.68
Benchmark 4.36 5.94 12.86 18.12
Active return 1.73 -0.50 -1.97 -2.44

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: 31 March 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 31 March 2021

    Total return Growth Income
    1 mth % 6.09 6.09 -
    3 mth % 5.44 5.44 -
    6 mth % 10.89 10.89 -
    Since inception (01/06/20) % pa 15.68 15.68 -
    1 mth
    %
    3 mth
    %
    6 mth
    %
    Since inception
    (01/06/20) % pa
    Total return 6.09 5.44 10.89 15.68
    Growth 6.09 5.44 10.89 15.68
    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 28 February 2021

    As at 28 February 2021

    % total net assets
    ADVANCED DRAIN SYS INC DEL 4.2%
    ENTEGRIS INC 3.8%
    VEOLIA ENVIRONNEMENT 3.6%
    SIEMENS AG 3.2%
    AMERICAN WATER WORKS CO INC 3.1%
    CLEAN HARBORS INC 3.1%
    SUEZ 3.0%
    SMITH (AO) CORP 3.0%
    KURITA WTR INDS LTD 3.0%
    AALBERTS NV 2.9%

    As at 28 February 2021

    Fund % Benchmark % Relative %
    ADVANCED DRAIN SYS INC DEL 4.2 0.0 4.2
    ENTEGRIS INC 3.8 0.0 3.8
    VEOLIA ENVIRONNEMENT 3.6 0.0 3.6
    CLEAN HARBORS INC 3.1 0.0 3.1
    AMERICAN WATER WORKS CO INC 3.1 0.0 3.0

    As at 28 February 2021

    Fund % Benchmark % Relative %
    APPLE INC 0.0 3.4 -3.4
    MICROSOFT CORP 0.0 2.8 -2.8
    AMAZON.COM INC 0.0 2.2 -2.2
    ALPHABET INC 0.0 2.0 -2.0
    FACEBOOK INC 0.0 1.0 -1.0
    Distribution Distribution (CPU) Reinvestment price
    30-Sep-20 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. 

    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.

    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.