Fidelity Funds Global Technology W GBP

Global technology sector fund. Portfolio of mid-large companies, two-thirds US.

  • 335.30p Price (Inc)
  • - Price (Acc)
  • 0.00% Initial charge
  • 0.80% Annual management charge
  • 1.04% Ongoing charges
  • 0.00% Yield

Prices as at 05 December 2019

Fidelity's investment style aims to maximise its large global analytical base. With this technology portfolio the fund stock bets are however, the decision of the manager who will use the 50+ global tech analysts for ideas and specialist research. An option for specialist sector exposure of mid-large cap global companies.

Fund summary

Sector Technology and Telecoms
Structure OFFSHORE FUND
Launched March, 2014
Size £3,846m
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 0.80%
Ongoing charges figure 1.04%

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Investment process

The fund aims to provide capital growth, 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. Biased towards the large / mid caps (companies with mkt cap of $1-$5bn). The portfolio holds 30-45 stocks.

Manager research

Average monthly relative returns

  • 14/15 0.00%
  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%

Bestinvest MRI

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  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

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

Track record

Periods of worst performance

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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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Top 10 holdings

As at Oct '01 10.0% Microsoft 8.8% IBM 7.5% Intel 5.0% Nokia 4.8% Cisco Systems 3.3% Oracle 2.1% Motorola 1.8% Texas Instruments 1.8% Automatic Data Processing 1.6% Qualcomm 1.8% SAP (Ger) 1.8% Sun Microsystems (US)

Portfolio

The portfolio is concentrated but the top 5 holdings will not exceed 40%.. The aim is to add incremental value through stock selection derived from the global research input.

Key Investor Information

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