Fidelity Open World W

A fund of funds investing in equities globally.

  • 201.50p
    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!

  • 0.50%
    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).

  • 1.25%
    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.

  • 1.00%
    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 19 January 2021

The Fund aims to provide long term capital growth from exposure to global markets. The fund will invest in collective investment schemes including those managed by Fidelity and may also invest in transferable securities, money market instruments, cash and deposits. Derivatives and forward transactions may also be used for investment purposes.

Fund summary

Sector Global
Structure OEIC
Launched July, 2013
Size £1,358m
Yield 1.00%
Charging basis Income
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 0.50%
Ongoing charges figure 1.25%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.13%
  • 17/18 0.10%
  • 18/19 -0.19%
  • 19/20 -0.36%
  • 20/21 -0.37%

Bestinvest MRI

  • 3 years -0.31%
  • 5 years -0.19%
  • Career -0.23%
  • 3 years 15.60%
  • 5 years 31.90%
  • Career 18.40%

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

Ayesha Akbar / James Bateman

Track record

Ayesha Akbar / James Bateman has 7.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.23%. During the worst period of relative performance (from November 2013 - August 2020) there was a decline of 20% relative to the index. The worst absolute loss has been 19%.

Periods of worst performance

Absolute -19.00% (July 2019 - March 2020)
Relative -20.00% (November 2013 - August 2020)

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.

Allocation

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Top 10 holdings

Data accurate as at 31 July 2020

34.5% Fidelity North America Equity Fund I-Acc-Usd
17.8% Fidelity Europe Ex-Uk Equity Fund I-Acc-Euro
10.6% Fidelity Asia Pacific Ex-Japan Equity Fund I-Acc-Usd
8.6% Fidelity Global Emerging Markets Equity Fund I-Acc-Usd
7.4% Fidelity Uk Equity Fund I-Acc-Gbp
6.8% Fidelity Japan Equity Fund I-Acc-Jpy
3.6% The Sterling Fund Class C Accumulating Shares
2.6% Euro Stoxx 50 Indx_Fut
2.5% Merian North American Equity U2a
2.3% Ninety One Global Gold I Acc Gbp
Source: Trustnet

Key Investor Information

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