Fact sheet: Fidelity Global Technology

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
SPECIALIST
Sector
FO Equity - Tech Media & Telecom
Fund type
Offshore Fund
Primary aim
No data available.
Why Money Observer Rates Fidelity Global Technology

Rated Fund 2017-2018. Looks for the best part of the technology chain

This is a Luxembourg-domiciled fund that invests in companies throughout the world that have developed (or plan to develop) products, processes or services that provide technological advances and improvements, or benefit significantly from them with a view to producing long-term capital growth.

The fund has been managed since 2013 by HyunHo Sohn, who was previously involved in researching global technology stocks. He takes a bottom-up, stock-picking approach and seeks to identify quality companies with sustainable growth prospects trading at attractive valuations. He believes that understanding technology trends, innovations and new technologies are key to identifying long-term leaders in the industry. An important element of his investment process is value-chain analysis, which he uses in order to buy the companies that he believes are best able to profit from a particular product's life cycle, whether it is producing the component parts or selling the finished product.The investment opportunities he favours tend to fall into three categories ヨ growth, cyclical and special situations. Growth companies are those focused on innovations or with disruptive technology that are set to experience high growth. Cyclical opportunities are found in sub-sectors and typically have strong market positions, while special situations are mispriced businesses with recovery potential.At the end of 2017 his top three holdings were Alphabet (Google's parent company), Intel and Apple. Much of the portfolio was invested in the US, which accounted for 65 per cent of assets, but other key holdings included Taiwan Semiconductor Manufacturing, Germany's SAP and South Korea's Samsung Electronics. Overall, Sohn had around 60 holdings.<\p>

3 Year Performance
Fund Performance83.8%
Average of Rated Funds Group41.9%
Sector Performance45.9%
Fund information
Fund name
Fidelity Global Technology W GBP
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Hyunho Sohnsince 31/03/2013
Accolades
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in the shares of companies throughout the world that will provide, or benefit significantly from, technological advances and improvements in relation to products, processes or services. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. May invest in assets directly or achieve exposure indirectly through other eligible means including derivatives. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income, including for investment purposes, in line with the fund’s risk profile. The fund has discretion in its choices of investments within its objectives and policies.
Benchmark
  • MSCI AC World Information Technology (N)
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
16%
1 Year rank in sector
-
Sector
FO Equity - Tech Media & Telecom
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.07%
Fund size
£2,804m (£1,970m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
137
Top in this sector
Fund name1 Year
BlackRock GF World Tech47.4%
JPM US Technology46.7%
Franklin Technology37.2%
Janus Henderson GlTch37.1%
Janus Henderson HzGbTc36%
...more in FO Equity - Tech Media & Telecom

Performance snapshot

Holdings snapshot

  • USA65.6%
    Germany5.9%
    Taiwan5.9%
    Korea5.4%
    Japan4.9%
  • Information Technology87.9%
    Consumer Discretionary5%
    Money Market2.9%
    Materials1.9%
    Industrials1.4%
  • US Equities65.6%
    German Equities5.9%
    Taiwanese Equities5.9%
    South Korean Equities5.4%
    Japanese Equities4.9%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.9%-2.9%2.2%16%83.8%188.3%
Sector-3.5%-0.4%7.6%23%45.9%119.6%
Rank within sector------
Quartile
Calendar performance
 YTD - 20182017201620152014
Fund-1.7%25.2%40%16.1%25.7%
Sector4.9%29%9.9%8%11.3%
Rank within sector-----
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
11.4
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.83
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
1.32
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
14.77
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
10.22
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.85
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.54
Price movement
52 week high2.62
52 week low2.11
Current bid price-
Current offer price-
Current mid price2.44
Region
1USA65.6%
2Germany5.9%
3Taiwan5.9%
4Korea5.4%
5Japan4.9%
6China4.5%
7Money Market2.9%
8UK2.3%
9Sweden1.1%
Industry sector
1Information Technology87.9%
2Consumer Discretionary5%
3Money Market2.9%
4Materials1.9%
5Industrials1.4%
6Financials0.8%
7Telecommunications Utilities0.1%
Asset type
1US Equities65.6%
2German Equities5.9%
3Taiwanese Equities5.9%
4South Korean Equities5.4%
5Japanese Equities4.9%
6Chinese Equities4.5%
7Money Market2.9%
8UK Equities2.3%
9Swedish Equities1.1%
Individual holdings
1ALPHABET INC8.3%
2INTEL CORP4.8%
3APPLE INC4.6%
4SAMSUNG ELECTRONICS CO3.9%
5SAP SE3.9%
6INTERNATIONAL BUSINESS MACHINES CORP3.7%
7ORACLE CORP3.7%
8TAIWAN SEMICONDUCTOR MANUFACTURING3.7%
9Qualcomm Inc ORD3.1%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in the shares of companies throughout the world that will provide, or benefit significantly from, technological advances and improvements in relation to products, processes or services. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. May invest in assets directly or achieve exposure indirectly through other eligible means including derivatives. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income, including for investment purposes, in line with the fund’s risk profile. The fund has discretion in its choices of investments within its objectives and policies.
Benchmark
  • MSCI AC World Information Technology (N)
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Hyunho Sohn31/03/2013HyunHo Sohn has over 15 years of investment experience. He joined Fidelity as a research analyst in the Asian team, where he covered industrials before assuming responsibility for technology stocks. He then managed the global technology pilot fund, where he built an impressive track record, before assuming responsibility for the FF Global Technology fund in March 2013. Prior to joining Fidelity, HyunHo worked as an analyst at Morgan Stanley between 2005 and 2006 and Shinhan Investment between 2000 and 2005. HyunHo Sohn has 15 years of investment experience. He is a CFA Charterholder and holds a Bachelor’s degree from Yonsei University, South Korea.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Offshore, Reporting Fund Status, SRS, UCITS IV Compliant, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, Switzerland, Chile, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Hong Kong, Hungary, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Peru, Poland, Portugal, Qatar, Singapore, Slovakia, Sweden, Taiwan - Province Of China
Fidelity Global Technology A Acc EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.89%
Total expense ratio (TER)1.89%
Bid price-
Offer price-
Mid price14.61
CurrencyEUR
Price updated18/04/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFT9L
Fidelity Global Technology A Acc USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price19.95
CurrencyUSD
Price updated18/04/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFJ3R
Fidelity Global Technology A EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price20.32
CurrencyEUR
Price updated18/04/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFF41
Fidelity Global Technology A GBP
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price0.456
CurrencyGBP
Price updated18/04/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFF43
Fidelity Global Technology A Hedged Acc USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.89%
Total expense ratio (TER)1.89%
Bid price-
Offer price-
Mid price16.28
CurrencyUSD
Price updated18/04/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFUKD
Fidelity Global Technology D Acc EUR
Initial charge4%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.39%
Total expense ratio (TER)2.39%
Bid price-
Offer price-
Mid price15.79
CurrencyEUR
Price updated18/04/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8JB
Fidelity Global Technology I Acc EUR
Initial charge-
Annual charge0.8%
Min single investment£10,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.13
CurrencyEUR
Price updated18/04/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeO1H6
Fidelity Global Technology I Acc USD
Initial charge-
Annual charge0.8%
Min single investment£10,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price14.93
CurrencyUSD
Price updated18/04/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEATV
Fidelity Global Technology W GBP
Initial charge-
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price2.435
CurrencyGBP
Price updated18/04/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK5LX
Fidelity Global Technology Y Acc EUR
Initial charge-
Annual charge0.8%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price47.08
CurrencyEUR
Price updated18/04/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNNB7
Fidelity Global Technology Y Acc USD
Initial charge-
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price12.97
CurrencyUSD
Price updated18/04/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNRYK
Fidelity Global Technology Y EUR
Initial charge-
Annual charge0.8%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price23.89
CurrencyEUR
Price updated18/04/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFC7Z
Fidelity Global Technology Y Hedged Acc EUR
Initial charge-
Annual charge0.8%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price14.16
CurrencyEUR
Price updated18/04/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC0NM
Data provided by

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