Fidelity (Offshore) FF Global Technology

(Class A Income [GBP])

 

Performance

Cumulative Performance (%)

3m 6m 1Yr 3Yr 5Yr
Fund -8.47% -4.08% 3.50% 50.71% 115.43%
Sector -12.58% -5.15% 3.43% 46.69% 81.51%
Rank 21/77 31/74 29/72 18/66 6/53
Quartile 2 2 2 2 1

Discrete Performance (%) - to last month end

04/20 to 04/21 04/21 to 04/22 04/22 to 04/23 04/23 to 04/24 04/24 to 04/25
Fund 55.04% 0.29% 3.87% 28.86% 1.88%
Sector 47.67% -8.62% -1.24% 31.95% 1.70%
Rank 21/53 6/58 7/66 41/70 29/72
Quartile 2 1 1 3 2

Fund Aims

The fund aims to provide investors with long-term capital growth, principally through investment in the equity securities of companies throughout the world that have, or will, develop products, processes or services that will provide, or will benefit significantly from, technological advances and improvements. As this fund may invest globally, it may be exposed to countries considered to be emerging markets. A minimum of 50% of the fund’s net assets will be invested in securities deemed to maintain sustainable characteristics, as described in the section entitled “1.3.2(a) Fidelity Sustainable Investing Framework” above. The fund is actively managed. The Investment Manager will, when selecting investments for the fund and for the purposes of monitoring risk, reference MSCI AC World Information Technology Index (the “Index”) as the Index constituents are representative of the type of companies the fund invests in. The fund’s performance can be assessed against its Index. The Investment Manager has a wide range of discretion relative to the Index. While the fund will hold assets that are components of the Index, it may also invest in companies, countries or sectors that are not included in, and that have different weightings from, the Index in order to take advantage of investment opportunities. It is expected that over long time periods, the fund’s performance will differ from the Index. However, over short time periods, the fund’s performance may be close to the Index, depending on market conditions. Shareholders’ attention is drawn to the fact that the Index is not an index which integrates environmental and social considerations. Instead, the fund promotes environmental and social characteristics by adhering to the Fidelity Sustainable Investing Framework, as described above.

Fund Manager

Hyunho Sohn manager for: 11 years 7 months

HyunHo Sohn was appointed Portfolio Manager of the FF Global Technology Fund in April 2013. Prior to this, he managed a Global Technology Pilot fund, starting May 2011, which built on his investment experience as a technology-focused Research Analyst in Fidelity's Hong Kong office between 2010 and 2011. He previously also worked as a Research Analyst in Fidelity's South Korea office, where he followed Industrials stocks between 2006 and 2010.


Fund Overview

Price

Bid £1.48

Offer £1.48(09/05/2025)

£24546.5m
Number of holdings
114
Initial charge
3.50%
Annual Management Charge
1.50%
Ongoing Charges
1.89%

Top 10 Holdings
Stock Name % Weight
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 6.7%
MICROSOFT CORPORATION 5.8%
APPLE 4.4%
AMAZON.COM 3.3%
TELEFONAKTIEBOLAGET LM ERICSSON 3.3%
ALPHABET INC 2.9%
TEXAS INSTRUMENTS INCORPORATED 2.9%
LAM RESEARCH CORPORATION 2.2%
Fidelity (Offshore) Institutional Liquidity - United States Dollar Fund Class A 2.2%
WORKDAY INC 2.2%
Total 36.1%

X-RayEquity Sector Allocation

FTSE/ICB Supersector % Weight
Technology 61.3%
Industrial Goods & Services 10.1%
Telecommunications 8.9%
Retail 5.1%
Real Estate 2.6%
Media 2.6%
Consumer Products & Services 2.5%
Travel & Leisure 1.9%
Energy 1.7%
Other 0.7%
Cash and Equivalents 1.8%


Data accurate at: 28/02/2025

Performance figures show total return with no initial charge and net income reinvested, except for Offshore funds which show gross income reinvested. Cumulative performance figures are calculated from the previous working day. Discrete performance figures are calculated from the previous month end.