Fact sheet: Fidelity Global Telecom

Fund information
Fund name
Fidelity Global Telecommunications W GBP
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Aditya Shivramsince 20/11/2008
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 involved in the development, manufacture or sale of telecommunications services or equipment. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is reinvested in additional shares or paid to shareholders on request. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • MSCI AC World Telecommunications
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
22.5%
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.
1.19%
Fund size
£158m (£167m 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.
96
Top in this sector
Fund name1 Year
Fidelity Gbl Tech49.6%
Pictet Digital Comm48.9%
JPMorgan Pacific Technology34.1%
Herald Worldwide33.2%
Aberdeen Gbl Technology Eq33%
...more in FO Equity - Tech Media & Telecom

Performance snapshot

Holdings snapshot

  • USA32.3%
    Japan17.7%
    UK13.1%
    China6.8%
    Germany6%
  • Telecommunications Utilities79%
    Consumer Discretionary5.8%
    Real Estate5.8%
    Information Technology5.6%
    Money Market3.8%
  • US Equities32.3%
    Japanese Equities17.7%
    UK Equities13.1%
    Chinese Equities6.8%
    German Equities6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%6.8%10.7%22.5%33.2%68.2%
Sector1.6%13.6%13.5%15.7%37.9%86.9%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund15.9%6.6%3%24.2%4%
Sector7.9%8%11.3%26.5%10%
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.
7.31
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.
0.25
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.
0.64
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%.
10.53
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.
14.27
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.
-0.17
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.
0.1
Price movement
52 week high1.38
52 week low1.05
Current bid price-
Current offer price-
Current mid price1.33
Region
1USA32.3%
2Japan17.7%
3UK13.1%
4China6.8%
5Germany6%
6France5.8%
7Others5.3%
8Money Market3.8%
9Singapore3.5%
Industry sector
1Telecommunications Utilities79%
2Consumer Discretionary5.8%
3Real Estate5.8%
4Information Technology5.6%
5Money Market3.8%
Asset type
1US Equities32.3%
2Japanese Equities17.7%
3UK Equities13.1%
4Chinese Equities6.8%
5German Equities6%
6French Equities5.8%
7International Equities5.3%
8Money Market3.8%
9Singapore Equities3.5%
Individual holdings
1AT&T INC9.97%
2VERIZON COMMUNICATIONS INC9.94%
3KDDI CORP8.48%
4VODAFONE GROUP PLC6.59%
5CHINA MOBILE LTD5.36%
6NTT DOCOMO INC4.91%
7DEUTSCHE TELEKOM AG4.58%
8BT GROUP4.49%
9ORANGE SA4.38%
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 involved in the development, manufacture or sale of telecommunications services or equipment. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is reinvested in additional shares or paid to shareholders on request. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • MSCI AC World Telecommunications
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Aditya Shivram20/11/2008Aditya has been a portfolio manager investing in global telecoms since November 2008; prior to this he was a European telecoms analyst. Aditya holds a BA (Hons) in Mathematics & Economics from Grinnell College (USA) and an MBA from Harvard Business School.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV 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, South Africa
Fidelity Global Telecommunications 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)1.94%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price18.25
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG831
Fidelity Global Telecommunications A EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.94%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price10.81
CurrencyEUR
Price updated27/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFF42
Fidelity Global Telecommunications A GBP
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.94%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price0.328
CurrencyGBP
Price updated27/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFF44
Fidelity Global Telecommunications W GBP
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.327
CurrencyGBP
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK5LY
Fidelity Global Telecommunications Y Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price18.41
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFN7
Fidelity Global Telecommunications Y Dis EUR
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.42
CurrencyEUR
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeBMOL
Data provided by

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