PIA Fidelity Sustainable Global Equity GBP Ser B
Performance
Discrete performance - to last month end
| 31/07/17 to 31/07/18 |
31/07/18 to 31/07/19 |
31/07/19 to 31/07/20 |
31/07/20 to 31/07/21 |
31/07/21 to 31/07/22 |
|
|---|---|---|---|---|---|
| Fund | 14.0% | 15.3% | 4.6% | 23.2% | -5.4% |
| Sector | 8.5% | 7.7% | -2.3% | 24.5% | -3.4% |
| Rank | 38/370 | 47/404 | 55/423 | 298/458 | 330/498 |
| Quartile | 1 | 1 | 1 | 3 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/07/22 |
5 Years to 31/07/22 |
10 Years to 31/07/22 |
||
| Fund | 6.8% | 9.9% | 12.0% | |
| Sector | 5.5% | 6.5% | 9.2% | |
| Rank | 135/422 | 51/369 | 36/229 | |
| Quartile | 2 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| MICROSOFT CORP | 4.16 |
| ALPHABET INC | 2.82 |
| GALLAGHER (ARTHUR J) & CO | 2.74 |
| AIA GROUP LIMITED | 2.58 |
| ICON | 2.56 |
| DANAHER CORPORATION | 2.55 |
| CIGNA CORP | 2.47 |
| DEUTSCHE BORSE AKTIENGESELLSCHAFT | 2.39 |
| HDFC BANK LIMITED | 2.37 |
| QUANTA SERVICES INC | 2.31 |
| Total | 26.95 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the Fidelity Sustainable Global Equity Fund - the underlying fund.
Underlying Fund Objective: The fund aims to increase the value of your investment over a period of 5 years or more. The fund is part of the Fidelity Sustainable Family of funds and adheres to the Fidelity Sustainable Family framework under which at least 70% of the fund’s net assets will be invested in the shares of companies globally deemed to maintain sustainable characteristics. This could include countries considered to be emerging markets as determined by the Investment Manager at its sole discretion. The fund will also adhere to the Fidelity Sustainable Family exclusion policy. Companies with sustainable characteristics are those which the Investment Manager believes consider effective governance and management of environmental and social issues and deliver long-term sustainable outcomes through positive societal impact. The fund aims to hold a concentrated portfolio of 40-60 securities. The fund is actively managed. The Investment Manager will, when selecting investments for the Fund and for the purposes of monitoring risk, consider the MSCI All Country World Index (the ”Index”). However, the Investment Manager has a wide degree of freedom relative to the Index and may take larger, or smaller, positions in companies, and/or may invest outside the Index, to take advantage of investment opportunities. This means the fund’s investments and therefore performance may vary significantly from the index. The fund may also obtain exposure to companies which demonstrate improving sustainable characteristics, and may also invest in transferable securities, money market instruments, collective investment schemes, cash and near cash and deposits. Derivatives may be used for efficient portfolio management and investment purposes (but not on any significant basis).
Fund Manager
Jeremy joined Fidelity in February 2012 and manages the Fidelity Global Special Situations Fund. He has been managing global funds since 1990. He joined from Threadneedle where he was Head of Global Equities and managed the Global Select Fund since 2003 and during his tenure managed a number of other retail and institutional funds including Global Extended Alpha Funds. Prior to that, Jeremy was a fund manager at Investec for 7 years and managed the Global Free Enterprise and Global Strategic Value Funds.
TBC
Fund Overview
| Bid (12/08/2022) | 4.77 |
| Offer (12/08/2022) | 5.02 |
| Fund size (30/06/2022) | £13.26m |
| Underlying Fund size | £484.78m |
| Number of holdings | 242 |
| Launch date | 28/10/2005 |
Fund Charges
| Annual Management Charge (AMC) | 1.90% |
| Further Costs | 0.17% |
| Yearly Total | 2.07% |
Asset Allocation
| International Equities | 93.38% | |
| UK Equities | 2.29% | |
| Cash and Equivalents | 0.83% | |
| Alternative Trading Strategies | 0.16% | |
| Money Market | 0.03% | |
| Other Assets | 3.31% |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in the fund's currency of denomination with gross income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 93.38% | |
| UK Equities | 2.29% | |
| Cash and Equivalents | 0.83% | |
| Alternative Trading Strategies | 0.16% | |
| Money Market | 0.03% | |
| Other Assets | 3.31% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Technology | 23.85% | - | - | - | |
| Technology | - | 23.85% | - | - | |
| Software & Computer Services | - | - | 12.27% | - | |
| Software | - | - | - | 7.70% | |
| Consumer Digital Services | - | - | - | 2.82% | |
| Computer Services | - | - | - | 1.75% | |
| Technology Hardware & Equipment | - | - | 11.57% | - | |
| Electronic Components | - | - | - | 6.03% | |
| Semiconductors | - | - | - | 2.09% | |
| Production Technology Equipment | - | - | - | 1.92% | |
| Computer Hardware | - | - | - | 1.54% | |
| Industrials | 22.38% | - | - | - | |
| Industrial Goods & Services | - | 16.51% | - | - | |
| Industrial Support Services | - | - | 6.44% | - | |
| Industrial Suppliers | - | - | - | 2.29% | |
| Transaction Processing Services | - | - | - | 2.28% | |
| Professional Business Support Services | - | - | - | 1.88% | |
| Electronic & Electrical Equipment | - | - | 5.16% | - | |
| Electronic Equipment: Gauges & Meters | - | - | - | 3.39% | |
| Electrical Components | - | - | - | 1.77% | |
| Industrial Engineering | - | - | 3.03% | - | |
| Machinery: Construction & Handling | - | - | - | 1.69% | |
| Machinery: Industrial | - | - | - | 1.34% | |
| Industrial Transportation | - | - | 1.87% | - | |
| Railroads | - | - | - | 1.87% | |
| Construction & Materials | - | 5.87% | - | - | |
| Construction & Materials | - | - | 5.87% | - | |
| Engineering & Contracting Services | - | - | - | 2.31% | |
| Building Materials: Other | - | - | - | 1.82% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 1.74% | |
| Health Care | 16.90% | - | - | - | |
| Health Care | - | 16.90% | - | - | |
| Medical Equipment & Services | - | - | 10.78% | - | |
| Medical Equipment | - | - | - | 4.42% | |
| Medical Supplies | - | - | - | 3.81% | |
| Medical Services | - | - | - | 2.56% | |
| Health Care Providers | - | - | 6.11% | - | |
| Health Care Management Services | - | - | - | 2.47% | |
| Health Care Services | - | - | - | 1.84% | |
| Health Care Facilities | - | - | - | 1.80% | |
| Financials | 13.66% | - | - | - | |
| Insurance | - | 5.33% | - | - | |
| Non-life Insurance | - | - | 2.74% | - | |
| Insurance Brokers | - | - | - | 2.74% | |
| Life Insurance | - | - | 2.58% | - | |
| Life Insurance | - | - | - | 2.58% | |
| Banks | - | 4.36% | - | - | |
| Banks | - | - | 4.36% | - | |
| Banks | - | - | - | 4.36% | |
| Financial Services | - | 3.97% | - | - | |
| Investment Banking & Brokerage Services | - | - | 3.97% | - | |
| Investment Services | - | - | - | 2.39% | |
| Asset Managers & Custodians | - | - | - | 1.58% | |
| Utilities | 9.62% | - | - | - | |
| Utilities | - | 9.62% | - | - | |
| Electricity | - | - | 8.51% | - | |
| Conventional Electricity | - | - | - | 4.38% | |
| Alternative Electricity | - | - | - | 4.13% | |
| Gas, Water & Multi-utilities | - | - | 1.11% | - | |
| Water | - | - | - | 1.11% | |
| Non-Classified | 3.31% | - | - | - | |
| Consumer Discretionary | 3.27% | - | - | - | |
| Retail | - | 1.65% | - | - | |
| Retailers | - | - | 1.65% | - | |
| Diversified Retailers | - | - | - | 1.65% | |
| Automobiles & Parts | - | 1.62% | - | - | |
| Automobiles & Parts | - | - | 1.62% | - | |
| Auto Parts | - | - | - | 1.62% | |
| Basic Materials | 1.81% | - | - | - | |
| Chemicals | - | 1.81% | - | - | |
| Chemicals | - | - | 1.81% | - | |
| Chemicals: Diversified | - | - | - | 1.81% | |
| Consumer Staples | 1.71% | - | - | - | |
| Food, Beverage & Tobacco | - | 1.71% | - | - | |
| Food Producers | - | - | 1.71% | - | |
| Food Products | - | - | - | 1.71% | |
| Energy | 1.33% | - | - | - | |
| Energy | - | 1.33% | - | - | |
| Renewable Energy | - | - | 1.33% | - | |
| Renewable Energy Equipment | - | - | - | 1.33% | |
| Real Estate | 1.15% | - | - | - | |
| Real Estate | - | 1.15% | - | - | |
| Real Estate Investment & Services | - | - | 1.15% | - | |
| Real Estate Holding and Development | - | - | - | 1.15% | |
| Cash and Equivalents | 0.86% | - | - | - | |
| Alternative Trading Strategies | 0.16% | - | - | - | |
| Alternative Trading Strategies | - | 0.16% | - | - | |
| Alternative Trading Strategies | - | - | 0.16% | - | |
| Alternative Trading Strategies | - | - | - | 0.16% | |
Regional Allocation
| North America | 53.71% | |
| Developed Europe - Excl UK | 23.07% | |
| Emerging Asia | 8.34% | |
| Japan | 4.20% | |
| Developed Asia | 4.06% | |
| Non-Classified | 3.47% | |
| UK | 2.29% | |
| Cash and Equivalents | 0.86% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 100.48% | |
| Cash | -0.48% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 53.71% | - | |
United States
|
- | 53.71% | |
| Developed Europe - Excl UK | 23.07% | - | |
France
|
- | 7.89% | |
Germany
|
- | 3.54% | |
Ireland
|
- | 2.56% | |
Denmark
|
- | 2.10% | |
Spain
|
- | 2.03% | |
Netherlands
|
- | 1.92% | |
Sweden
|
- | 1.69% | |
Switzerland
|
- | 1.34% | |
| Emerging Asia | 8.34% | - | |
Taiwan
|
- | 3.98% | |
India
|
- | 2.37% | |
Indonesia
|
- | 2.00% | |
| Japan | 4.20% | - | |
Japan
|
- | 4.20% | |
| Developed Asia | 4.06% | - | |
Hong Kong
|
- | 2.58% | |
Singapore
|
- | 1.48% | |
| Non-Classified | 3.47% | - | |
| UK | 2.29% | - | |
United Kingdom
|
- | 2.29% | |
| Cash and Equivalents | 0.86% | - | |
Breakdown By Market Cap (%)
| Mega |
|
46.29% |
| Large |
|
29.50% |
| Medium |
|
17.52% |
| Non-Classified |
|
5.83% |
| Cash |
|
0.86% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | MICROSOFT CORP | 4.16% | Software & Computer Services | United States |
| 2 | ALPHABET INC | 2.82% | Software & Computer Services | United States |
| 3 | GALLAGHER (ARTHUR J) & CO | 2.74% | Non-life Insurance | United States |
| 4 | AIA GROUP LIMITED | 2.58% | Life Insurance | Hong Kong |
| 5 | ICON | 2.56% | Medical Equipment & Services | Ireland |
| 6 | DANAHER CORPORATION | 2.55% | Medical Equipment & Services | United States |
| 7 | CIGNA CORP | 2.47% | Health Care Providers | United States |
| 8 | DEUTSCHE BORSE AKTIENGESELLSCHAFT | 2.39% | Investment Banking & Brokerage Services | Germany |
| 9 | HDFC BANK LIMITED | 2.37% | Banks | India |
| 10 | QUANTA SERVICES INC | 2.31% | Construction & Materials | United States |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 23.85% | - | - | - | - | - | - | 23.85% |
| Financials | - | 13.66% | - | - | - | - | - | - | 13.66% |
| Real Estate | - | 1.15% | - | - | - | - | - | - | 1.15% |
| Consumer Discretionary | - | 3.27% | - | - | - | - | - | - | 3.27% |
| Consumer Staples | - | 1.71% | - | - | - | - | - | - | 1.71% |
| Energy | - | 1.33% | - | - | - | - | - | - | 1.33% |
| Utilities | 2.29% | 7.33% | - | - | - | - | - | - | 9.62% |
| Health Care | - | 16.90% | - | - | - | - | - | - | 16.90% |
| Industrials | - | 22.38% | - | - | - | - | - | - | 22.38% |
| Basic Materials | - | 1.81% | - | - | - | - | - | - | 1.81% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.83% | 0.83% |
| Non-Classified | - | - | - | - | - | - | 3.47% | 0.03% | 3.50% |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B0MSS63 |
| Mex Code | SBFMIB |
| Isin Code | IE00B0MSS635 |
| Citi Code | TJ76 |
Fund Charges
| Annual Management Charge (AMC) | 1.90% |
| Further Costs | 0.17% |
| Yearly Total | 2.07% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the Fidelity Sustainable Global Equity Fund - the underlying fund. Underlying Fund Objective: The fund aims to increase the value of your investment over a period of 5 years or more. The fund is part of the Fidelity Sustainable Family of funds and adheres to the Fidelity Sustainable Family framework under which at least 70% of the fund’s net assets will be invested in the shares of companies globally deemed to maintain sustainable characteristics. This could include countries considered to be emerging markets as determined by the Investment Manager at its sole discretion. The fund will also adhere to the Fidelity Sustainable Family exclusion policy. Companies with sustainable characteristics are those which the Investment Manager believes consider effective governance and management of environmental and social issues and deliver long-term sustainable outcomes through positive societal impact. The fund aims to hold a concentrated portfolio of 40-60 securities. The fund is actively managed. The Investment Manager will, when selecting investments for the Fund and for the purposes of monitoring risk, consider the MSCI All Country World Index (the ”Index”). However, the Investment Manager has a wide degree of freedom relative to the Index and may take larger, or smaller, positions in companies, and/or may invest outside the Index, to take advantage of investment opportunities. This means the fund’s investments and therefore performance may vary significantly from the index. The fund may also obtain exposure to companies which demonstrate improving sustainable characteristics, and may also invest in transferable securities, money market instruments, collective investment schemes, cash and near cash and deposits. Derivatives may be used for efficient portfolio management and investment purposes (but not on any significant basis). |
| Benchmark | MSCI All Country World Index |
| Sector | OI Global Equities |
Ratings
| FE Crown |  |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Charges and further costs may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 1.62 |
| Beta | 0.96 |
| Sharpe | 0.18 |
| Standard Deviation | 17.97 |
| Info Ratio | 0.11 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | Yes |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | Yes |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Concentrated Portfolio
The fund may invest in a relatively smaller number of stocks. This stock concentration may carry more risk than funds spread across a larger number of companies.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Umbrella Liabilities
If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in the fund's currency of denomination with gross income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
The registered office of Prudential International is in Ireland at Montague House, Adelaide Road, Dublin 2. Prudential International is a marketing name of Prudential International Assurance plc, a life assurance company operating from Ireland. Registration No. 209956. Prudential International Assurance plc is authorised and regulated by the Central Bank of Ireland and in the context of its UK regulated activities only, is deemed authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website. Prudential International is part of the same corporate group as The Prudential Assurance Company Limited. Both The Prudential Assurance Company Limited and Prudential International are direct and indirect subsidiaries respectively of M&G plc, a company incorporated in the United Kingdom. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.