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Fidelity Funds Global Industrials W GBP

Global resources and industrials fund utilising Fidelity's large analytical base.

  • 183.00p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.75%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.12%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 30 July 2021

Fund summary

Sector Global
Structure OFFSHORE FUND
Launched March, 2014
Size £151m
Yield 0.00%
Charging basis
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 1.12%

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Investment process

Fidelity Funds Global Industrials Fund aims to provide investors with long-term capital growth by investing in the equity securities of companies throughout the world, which are involved in the research, development, manufacturing, distribution, supply, or sale of materials, equipment, products or services related to the energy sector, the natural resources sector and the cyclical industrial sector

Manager research

Average monthly relative returns

  • 16/17 0.20%
  • 17/18 0.47%
  • 18/19 -0.09%
  • 19/20 0.53%
  • 20/21 0.41%

Bestinvest MRI

  • 3 years 0.28%
  • 5 years 0.31%
  • Career 0.09%
  • 3 years 85.80%
  • 5 years 96.10%
  • Career 92.40%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Amit Lodha

Lodha joined Fidelity in 2003 as a research analyst based in Mumbai, later becoming a sector leader in financials. He moved to London in 2007 and became a portfolio manager in 2008. Before joining Fidelity he was a research analyst at Citigroup from 2000-2003 and a Senior Accountant with KPMG from 1997-2000 - both roles were based in Mumbai. Lodha holds a CFA, an ACA from the Institute of Chartered Accountants, India and a BA and an MA in Commerce & Economics from Mumbai University.

Track record

Amit Lodha has 10.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.09%. During the worst period of relative performance (from November 2010 - March 2014) there was a decline of 12% relative to the index. The worst absolute loss has been 17%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 92%.

Periods of worst performance

Absolute -17.00% (July 2019 - March 2020)
Relative -12.00% (November 2010 - March 2014)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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Key Investor Information

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