Top 10 Holdings
|
Stock
|
% Weight
|
| Johnson & Johnson |
2.28 |
| Exxon Mobil Corp. |
2.11 |
| HSBC Holdings PLC (UK Reg) |
1.93 |
| Anadarko Petroleum Corp. |
1.83 |
| Apple |
1.80 |
| Google Class A |
1.74 |
| Citigroup |
1.64 |
| Sanofi |
1.59 |
| Orix Corp. |
1.37 |
| Viacom (New) Class B |
1.28 |
| Total |
17.57 |
Fund Aims
The fund aims to achieve long-term capital growth. The fund will hold a portfolio primarily invested in shares across the world's stock markets and is denominated in US Dollars. The manager is free to select any company regardless of size, industry or location and will concentrate the fund's investments in a more limited number of companies and therefore the resulting portfolio will be less diversified.
Fund Manager
Amit Lodha
manager for
2 years
and 7 months
Amit Lodha joined Fidelity as a research analyst in our Mumbai office in 2003. He spent his first three years with the company covering Indian equities (responsible for technology, media, telecoms, financials and retail sectors) before becoming the Asia (ex Japan) financials sector leader in 2006. In 2007, Amit joined the analyst team in London to become global commodities analyst and pick up coverage of basic materials stocks. In April 2008, he was appointed Portfolio Manager of the FF Global Industrials Fund (a fund that invests across the natural resources and industrials sectors). He has also managed a broader mandate – the FF Global Real Asset Securities Fund - since its launch in September 2009. Prior to joining Fidelity in 2003, Amit spent three years as an equity analyst at Citigroup in Mumbai, covering the Indian telecoms, technology and media sectors. He started his career in the industry at KPMG Mumbai in 1997 where he left haven risen to a senior Accountant in 2000. Amit completed his BA and MA in Commerce & Economics at Mumbai University. He is a qualified accountant from the Institute of Chartered Accountants, India and a CFA, from the CFA Institute (US). Amit Lodha was named in FE Trustnet’s list of Alpha Managers in 2012. The 160 managers on the list, selected from 1100 eligible managers, are rated on their risk-adjusted alpha, distinguishing those who are best able to navigate all phases of the market cycle.
Fund Overview
| Bid (21/05/2013) |
1.54 |
| Offer (21/05/2013) |
1.62 |
| Fund size |
$0.86m |
| Underlying Fund size |
$209.90m |
| Number of holdings |
117 |
| Annual management charge |
1.90% |
| Launch date |
28/10/2005 |
Equity Sector Allocation
|
FTSE/ICB Supersector
|
% Weight
|
| Health Care |
11.10 |
| Oil & Gas |
10.36 |
| Technology |
10.26 |
| Industrial Goods & Services |
9.62 |
| Banks |
8.48 |
| Personal & Household Goods |
6.46 |
| Food & Beverage |
5.61 |
| Financial Services |
5.40 |
| Retail |
5.37 |
| Other |
27.34 |
Portfolio data accurate as at: 31/03/13
Asset Allocation
| |
International Equities |
83.07% |
| |
UK Equities |
9.62% |
| |
Cash and Equivalents |
4.58% |
| |
Property |
2.73% |
| |
Other |
0.00% |
Equity Sector Breakdown
Expand allCollapse all
|
|
Industry
|
Supersector
|
Sector
|
Subsector
|
|
|
Basic Materials
|
6.10%
|
-
|
-
|
-
|
|
|
Basic Resources
|
-
|
3.39%
|
-
|
-
|
|
|
Mining
|
-
|
-
|
2.43%
|
-
|
|
|
Gold Mining
|
-
|
-
|
-
|
1.45%
|
|
|
General Mining
|
-
|
-
|
-
|
0.61%
|
|
|
Coal
|
-
|
-
|
-
|
0.37%
|
|
|
Industrial Metals & Mining
|
-
|
-
|
0.96%
|
-
|
|
|
Nonferrous Metals
|
-
|
-
|
-
|
0.53%
|
|
|
Iron & Steel
|
-
|
-
|
-
|
0.43%
|
|
|
Chemicals
|
-
|
2.71%
|
-
|
-
|
|
|
Chemicals
|
-
|
-
|
2.71%
|
-
|
|
|
Specialty Chemicals
|
-
|
-
|
-
|
1.89%
|
|
|
Commodity Chemicals
|
-
|
-
|
-
|
0.82%
|
|
|
Consumer Goods
|
14.38%
|
-
|
-
|
-
|
|
|
Personal & Household Goods
|
-
|
6.46%
|
-
|
-
|
|
|
Tobacco
|
-
|
-
|
2.74%
|
-
|
|
|
Tobacco
|
-
|
-
|
-
|
2.74%
|
|
|
Personal Goods
|
-
|
-
|
1.74%
|
-
|
|
|
Clothing & Accessories
|
-
|
-
|
-
|
1.09%
|
|
|
Personal Products
|
-
|
-
|
-
|
0.65%
|
|
|
Household Goods & Home Construction
|
-
|
-
|
1.39%
|
-
|
|
|
Nondurable Household Products
|
-
|
-
|
-
|
0.74%
|
|
|
Durable Household Products
|
-
|
-
|
-
|
0.65%
|
|
|
Leisure Goods
|
-
|
-
|
0.59%
|
-
|
|
|
Toys
|
-
|
-
|
-
|
0.59%
|
|
|
Food & Beverage
|
-
|
5.61%
|
-
|
-
|
|
|
Beverages
|
-
|
-
|
3.43%
|
-
|
|
|
Brewers
|
-
|
-
|
-
|
1.69%
|
|
|
Distillers & Vintners
|
-
|
-
|
-
|
1.02%
|
|
|
Soft Drinks
|
-
|
-
|
-
|
0.72%
|
|
|
Food Producers
|
-
|
-
|
2.18%
|
-
|
|
|
Food Products
|
-
|
-
|
-
|
2.18%
|
|
|
Automobiles & Parts
|
-
|
2.32%
|
-
|
-
|
|
|
Automobiles & Parts
|
-
|
-
|
2.32%
|
-
|
|
|
Automobiles
|
-
|
-
|
-
|
1.90%
|
|
|
Auto Parts
|
-
|
-
|
-
|
0.42%
|
|
|
Consumer Services
|
9.32%
|
-
|
-
|
-
|
|
|
Retail
|
-
|
5.37%
|
-
|
-
|
|
|
General Retailers
|
-
|
-
|
3.70%
|
-
|
|
|
Broadline Retailers
|
-
|
-
|
-
|
2.04%
|
|
|
Specialized Consumer Services
|
-
|
-
|
-
|
1.67%
|
|
|
Food & Drug Retailers
|
-
|
-
|
1.66%
|
-
|
|
|
Drug Retailers
|
-
|
-
|
-
|
0.87%
|
|
|
Food Retailers & Wholesalers
|
-
|
-
|
-
|
0.80%
|
|
|
Media
|
-
|
3.45%
|
-
|
-
|
|
|
Media
|
-
|
-
|
3.45%
|
-
|
|
|
Broadcasting & Entertainment
|
-
|
-
|
-
|
2.78%
|
|
|
Publishing
|
-
|
-
|
-
|
0.57%
|
|
|
Media Agencies
|
-
|
-
|
-
|
0.11%
|
|
|
Travel & Leisure
|
-
|
0.50%
|
-
|
-
|
|
|
Travel & Leisure
|
-
|
-
|
0.50%
|
-
|
|
|
Restaurants & Bars
|
-
|
-
|
-
|
0.50%
|
|
|
Financials
|
19.96%
|
-
|
-
|
-
|
|
|
Banks
|
-
|
8.48%
|
-
|
-
|
|
|
Banks
|
-
|
-
|
8.48%
|
-
|
|
|
Banks
|
-
|
-
|
-
|
8.48%
|
|
|
Financial Services
|
-
|
5.40%
|
-
|
-
|
|
|
Financial Services
|
-
|
-
|
5.40%
|
-
|
|
|
Consumer Finance
|
-
|
-
|
-
|
1.77%
|
|
|
Investment Services
|
-
|
-
|
-
|
1.38%
|
|
|
Specialty Finance
|
-
|
-
|
-
|
1.37%
|
|
|
Mortgage Finance
|
-
|
-
|
-
|
0.88%
|
|
|
Real Estate
|
-
|
3.41%
|
-
|
-
|
|
|
Real Estate Investment Trusts
|
-
|
-
|
2.73%
|
-
|
|
|
Specialty REITs
|
-
|
-
|
-
|
1.95%
|
|
|
Diversified REITs
|
-
|
-
|
-
|
0.78%
|
|
|
Real Estate Investment & Services
|
-
|
-
|
0.68%
|
-
|
|
|
Real Estate Holding & Development
|
-
|
-
|
-
|
0.68%
|
|
|
Insurance
|
-
|
2.67%
|
-
|
-
|
|
|
Life Insurance
|
-
|
-
|
2.16%
|
-
|
|
|
Life Insurance
|
-
|
-
|
-
|
2.16%
|
|
|
Nonlife Insurance
|
-
|
-
|
0.51%
|
-
|
|
|
Property & Casualty Insurance
|
-
|
-
|
-
|
0.51%
|
|
|
Health Care
|
11.10%
|
-
|
-
|
-
|
|
|
Health Care
|
-
|
11.10%
|
-
|
-
|
|
|
Pharmaceuticals & Biotechnology
|
-
|
-
|
7.92%
|
-
|
|
|
Pharmaceuticals
|
-
|
-
|
-
|
5.92%
|
|
|
Biotechnology
|
-
|
-
|
-
|
2.00%
|
|
|
Health Care Equipment & Services
|
-
|
-
|
3.18%
|
-
|
|
|
Medical Equipment
|
-
|
-
|
-
|
2.24%
|
|
|
Health Care Providers
|
-
|
-
|
-
|
0.94%
|
|
|
Industrials
|
10.62%
|
-
|
-
|
-
|
|
|
Industrial Goods & Services
|
-
|
9.62%
|
-
|
-
|
|
|
Support Services
|
-
|
-
|
2.21%
|
-
|
|
|
Business Support Services
|
-
|
-
|
-
|
1.56%
|
|
|
Industrial Suppliers
|
-
|
-
|
-
|
0.65%
|
|
|
Industrial Transportation
|
-
|
-
|
1.99%
|
-
|
|
|
Railroads
|
-
|
-
|
-
|
1.07%
|
|
|
Delivery Services
|
-
|
-
|
-
|
0.92%
|
|
|
General Industrials
|
-
|
-
|
1.90%
|
-
|
|
|
Diversified Industrials
|
-
|
-
|
-
|
1.90%
|
|
|
Industrial Engineering
|
-
|
-
|
1.80%
|
-
|
|
|
Commercial Vehicles & Trucks
|
-
|
-
|
-
|
1.17%
|
|
|
Industrial Machinery
|
-
|
-
|
-
|
0.63%
|
|
|
Electronic & Electrical Equipment
|
-
|
-
|
1.72%
|
-
|
|
|
Electrical Components & Equipment
|
-
|
-
|
-
|
1.16%
|
|
|
Electronic Equipment
|
-
|
-
|
-
|
0.56%
|
|
|
Construction & Materials
|
-
|
1.01%
|
-
|
-
|
|
|
Construction & Materials
|
-
|
-
|
1.01%
|
-
|
|
|
Building Materials & Fixtures
|
-
|
-
|
-
|
1.01%
|
|
|
Oil & Gas
|
10.36%
|
-
|
-
|
-
|
|
|
Oil & Gas
|
-
|
10.36%
|
-
|
-
|
|
|
Oil & Gas Producers
|
-
|
-
|
8.95%
|
-
|
|
|
Integrated Oil & Gas
|
-
|
-
|
-
|
4.58%
|
|
|
Oil & Gas Exploration & Production
|
-
|
-
|
-
|
4.37%
|
|
|
Oil Equipment, Services & Distribution
|
-
|
-
|
1.42%
|
-
|
|
|
Oil Equipment & Services
|
-
|
-
|
-
|
1.42%
|
|
|
Technology
|
10.26%
|
-
|
-
|
-
|
|
|
Technology
|
-
|
10.26%
|
-
|
-
|
|
|
Technology Hardware & Equipment
|
-
|
-
|
5.69%
|
-
|
|
|
Telecommunications Equipment
|
-
|
-
|
-
|
3.08%
|
|
|
Computer Hardware
|
-
|
-
|
-
|
1.80%
|
|
|
Semiconductors
|
-
|
-
|
-
|
0.82%
|
|
|
Software & Computer Services
|
-
|
-
|
4.56%
|
-
|
|
|
Internet
|
-
|
-
|
-
|
3.14%
|
|
|
Software
|
-
|
-
|
-
|
1.42%
|
|
|
Telecommunications
|
2.42%
|
-
|
-
|
-
|
|
|
Telecommunications
|
-
|
2.42%
|
-
|
-
|
|
|
Mobile Telecommunications
|
-
|
-
|
2.42%
|
-
|
|
|
Mobile Telecommunications
|
-
|
-
|
-
|
2.42%
|
|
|
Utilities
|
0.89%
|
-
|
-
|
-
|
|
|
Utilities
|
-
|
0.89%
|
-
|
-
|
|
|
Electricity
|
-
|
-
|
0.89%
|
-
|
|
|
Conventional Electricity
|
-
|
-
|
-
|
0.89%
|
|
|
Non-Classified
|
0.00%
|
-
|
-
|
-
|
|
|
Cash and Equivalents
|
4.58%
|
-
|
-
|
-
|
Regional Allocation
| |
North America |
44.42% |
| |
Developed Europe - Excl UK |
14.39% |
| |
UK |
9.62% |
| |
Emerging Asia |
9.21% |
| |
Japan |
8.93% |
| |
Cash and Equivalents |
4.58% |
| |
Other |
8.84% |
| |
Non-debt |
99.09% |
| |
Euro |
0.91% |
Regional Breakdown
Expand allCollapse all
|
|
Region
|
Country
|
|
|
North America
|
44.42%
|
-
|
|
|
United States
|
-
|
40.13%
|
|
|
Canada
|
-
|
4.29%
|
|
|
Developed Europe - Excl UK
|
14.39%
|
-
|
|
|
France
|
-
|
3.21%
|
|
|
Netherlands
|
-
|
2.56%
|
|
|
Sweden
|
-
|
2.28%
|
|
|
Germany
|
-
|
1.89%
|
|
|
Luxembourg
|
-
|
1.08%
|
|
|
Switzerland
|
-
|
1.07%
|
|
|
Spain
|
-
|
0.99%
|
|
|
Denmark
|
-
|
0.62%
|
|
|
Italy
|
-
|
0.50%
|
|
|
Norway
|
-
|
0.19%
|
|
|
UK
|
9.62%
|
-
|
|
|
United Kingdom
|
-
|
9.62%
|
|
|
Emerging Asia
|
9.21%
|
-
|
|
|
India
|
-
|
3.56%
|
|
|
China
|
-
|
1.69%
|
|
|
Thailand
|
-
|
1.22%
|
|
|
South Korea
|
-
|
1.16%
|
|
|
Indonesia
|
-
|
1.03%
|
|
|
Taiwan
|
-
|
0.56%
|
|
|
Japan
|
8.93%
|
-
|
|
|
Japan
|
-
|
8.93%
|
|
|
Cash and Equivalents
|
4.58%
|
-
|
|
|
Property
|
2.73%
|
-
|
|
|
South & Central America
|
2.10%
|
-
|
|
|
Brazil
|
-
|
2.10%
|
|
|
Developed Asia
|
1.82%
|
-
|
|
|
Hong Kong
|
-
|
1.82%
|
|
|
Middle East & Africa
|
1.64%
|
-
|
|
|
South Africa
|
-
|
0.89%
|
|
|
Kenya
|
-
|
0.46%
|
|
|
Nigeria
|
-
|
0.29%
|
|
|
Australia & New Zealand
|
0.55%
|
-
|
|
|
Australia
|
-
|
0.55%
|
|
|
Non-Classified
|
0.00%
|
-
|
Breakdown By Market Cap (%)
| Mega |
|
44.88%
|
| Large |
|
29.46%
|
| Medium |
|
15.38%
|
| Small |
|
0.80%
|
| Micro |
|
0.00%
|
| Non-Classified |
|
4.90%
|
| Bonds |
|
0.00%
|
| Cash |
|
4.58%
|
Top 10 Holdings
|
Stock
|
% Weight
|
Sector
|
Country
|
| 1
|
Johnson & Johnson
|
2.28%
|
Health Care
|
United States
|
| 2
|
Exxon Mobil Corp.
|
2.11%
|
Oil & Gas
|
United States
|
| 3
|
HSBC Holdings PLC (UK Reg)
|
1.93%
|
Banks
|
United Kingdom
|
| 4
|
Anadarko Petroleum Corp.
|
1.83%
|
Oil & Gas
|
United States
|
| 5
|
Apple
|
1.80%
|
Technology
|
United States
|
| 6
|
Google Class A
|
1.74%
|
Technology
|
United States
|
| 7
|
Citigroup
|
1.64%
|
Banks
|
United States
|
| 8
|
Sanofi
|
1.59%
|
Health Care
|
France
|
| 9
|
Orix Corp.
|
1.37%
|
Financial Services
|
Japan
|
| 10
|
Viacom (New) Class B
|
1.28%
|
Media
|
United States
|
Dual Aspect Equity Analysis
|
|
UK Equities
|
Int'l Equities
|
UK Bonds
|
Int'l Bonds
|
UK Gilts
|
Managed Funds
|
Property
|
Other
|
Cash & Equiv
|
Total
|
|
Basic Materials
|
1.29% |
4.80% |
- |
- |
- |
- |
- |
- |
- |
6.10% |
|
Consumer Goods
|
2.73% |
11.65% |
- |
- |
- |
- |
- |
- |
- |
14.38% |
|
Consumer Services
|
0.61% |
8.72% |
- |
- |
- |
- |
- |
- |
- |
9.32% |
|
Financials
|
2.40% |
14.83% |
- |
- |
- |
- |
2.73% |
- |
- |
19.96% |
|
Health Care
|
- |
11.10% |
- |
- |
- |
- |
- |
- |
- |
11.10% |
|
Industrials
|
0.92% |
9.70% |
- |
- |
- |
- |
- |
- |
- |
10.62% |
|
Oil & Gas
|
0.78% |
9.59% |
- |
- |
- |
- |
- |
- |
- |
10.36% |
|
Technology
|
- |
10.26% |
- |
- |
- |
- |
- |
- |
- |
10.26% |
|
Telecommunications
|
- |
2.42% |
- |
- |
- |
- |
- |
- |
- |
2.42% |
|
Utilities
|
0.89% |
- |
- |
- |
- |
- |
- |
- |
- |
0.89% |
|
Property
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cash and Equivalents
|
- |
- |
- |
- |
- |
- |
- |
- |
4.58% |
4.58% |
|
Managed Funds
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Bonds
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Non-Classified
|
- |
- |
- |
- |
- |
- |
- |
0.00% |
- |
0.00% |
|
Commodities
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Alternative Trading Strategies
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Portfolio data accurate as at: 31/03/13