Fact sheet: Fidelity Global Dividend

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.
GLOBAL EQUITY INCOME
Sector
UT Global Equity Income
Fund type
OEIC
Primary aim
GROWTH & INCOME
Why Money Observer Rates Fidelity Global Dividend

Rated Fund 2015-2016. Avoiding volatility through predictability

Managed by Dan Roberts, this fund won Money Observer's Best Global Equity Income Fund award in 2016. Its aim is to provide a combination of capital growth and a yield around 25 per cent above that of the MSCI All Countries World index. Its current yield is 2.4 per cent.

Roberts says his approach is to run the fund like he runs his own money. His aim is to deliver good long-term returns with lower volatility than stock markets generally, and income growth ahead of inflation. In order to invest in good-quality companies on reasonable valuations, he often adopts a contrarian attitude.

Roberts describes his approach as 'unconstrained, dividend-based, total return, with an emphasis on capital preservation'. When hunting investments, there are five key investment characteristics he seeks - simple, understandable business models; predictable, resilient return profiles; strong cash conversion and healthy balance sheets; transparent financial statements; and sensible capital allocation.

He relishes the fund's global mandate, explaining that it gives a much greater opportunity set to select from - both within sectors and across different industry groups.

He feels it helps him in portfolio construction - managing sector skews and stock concentration - but also in taking advantage of relative valuation opportunities and accessing sectors which may not be available with a country-specific mandate.

His fund typically holds around 50 companies, which he says enables him to balance conviction with diversification and to achieve some capital protection in volatile markets.

3 Year Performance
Fund Performance32%
Average of Rated Funds Group40.9%
Sector Performance30.7%
Fund information
Fund name
Fidelity Global Dividend W Acc
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund manager
  • Daniel Robertssince 30/01/2012
Accolades
Winner - Global Equity Income
Fund objective
Aims to provide income and long-term capital growth
Benchmark
  • MSCI AC World
Investment style
None
Investment method
Shares
Quick stats
1 Year return
-0.4%
1 Year rank in sector
44/48
Sector
UT Global Equity Income
Yield
2.9%
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.
0.97%
Fund size
£860m (£770m 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.
94
Mid price
190.8
Top in this sector
Fund name1 Year
Equitile Resl Fdr26.1%
Aptus Global Financials24.2%
Sarasin Global Dividend (£Hg)10.3%
Sarasin Gbl Hig Div(StgHg)8.7%
Invesco Perp Global Eq Inc7.7%
...more in UT Global Equity Income

Performance snapshot

Holdings snapshot

  • USA30.5%
    UK16.4%
    Germany8.5%
    Netherlands7.9%
    Switzerland7.5%
  • Financials19.3%
    Industrials16.7%
    Information Technology16.2%
    Health Care15%
    Consumer Staples10.6%
  • US Equities30.5%
    UK Equities16.4%
    German Equities8.5%
    Dutch Equities7.9%
    Swiss Equities7.5%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.2%-4.8%-5.6%-0.4%32%74.6%
Sector-5.2%-2.1%-1.2%3.9%30.7%60.7%
Rank within sector30 / 5348 / 5346 / 5144 / 4821 / 376 / 29
Quartile3rd4th4th4th3rd1st
Calendar performance
 YTD - 20182017201620152014
Fund-4.8%6.6%22.6%8.9%12.8%
Sector-3.7%11%23.1%2.7%6.8%
Rank within sector42 / 5346 / 4830 / 425 / 374 / 35
Quartile4th4th3rd1st1st
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.
0.97
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.
1
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.
0.75
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%.
10.16
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.
4.49
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.
0.18
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.
0.8
Price movement
52 week high207
52 week low187.4
Current bid price-
Current offer price-
Current mid price190.8
Region
1USA30.5%
2UK16.4%
3Germany8.5%
4Netherlands7.9%
5Switzerland7.5%
6Japan6.9%
7France5.6%
8Others4.2%
9Taiwan4.1%
Industry sector
1Financials19.3%
2Industrials16.7%
3Information Technology16.2%
4Health Care15%
5Consumer Staples10.6%
6Utilities6%
7Energy5.4%
8Telecommunications Utilities4%
9Money Market3.3%
Asset type
1US Equities30.5%
2UK Equities16.4%
3German Equities8.5%
4Dutch Equities7.9%
5Swiss Equities7.5%
6Japanese Equities6.9%
7French Equities5.6%
8International Equities4.2%
9Taiwanese Equities4.1%
Individual holdings
1DIAGEO4.4%
2WOLTERS-KLUWER NV4.3%
3US BANCORP DELAWARE4.2%
4TAIWAN SEMICONDUCTOR CO4.1%
5JOHNSON & JOHNSON4%
6RELX PLC3.7%
7ROYAL DUTCH SHELL3.7%
8DEUTSCHE BOERSE AG3.5%
9ORACLE CORP2.9%
Management
Fund manager group
No data available.
Fund manager company
Fidelity International (FIL In
Fund type
OEIC
Fund objective
Aims to provide income and long-term capital growth
Benchmark
  • MSCI AC World
Investment style
None
Investment method
Shares
Fund manager
NameSinceBiography
Daniel Roberts30/01/2012Daniel Roberts has more than ten years of investment experience and joined Fidelity in November 2011. Prior to joining Fidelity, Daniel was a portfolio manager at Gartmore, where he managed their UK Equity Income Fund until the company was acquired and restructured by Henderson. Before that, he spent six years managing UK equity income portfolios at Aviva Investors, including the Aviva Investors UK Equity Income Fund. Daniel holds a BSc (Hons) in Mathematics from Warwick University. He is also a qualified Chartered Accountant and member of the Institute of Chartered Accountants. Daniel is a CFA charterholder and an Associate of the UK Society of Investment Professionals.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
France, United Kingdom, Guernsey, Ireland, Jersey
Fidelity Global Dividend A Acc GBP
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.71%
Total expense ratio (TER)1.81%
Bid price-
Offer price-
Mid price200.9
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0O2G
Fidelity Global Dividend A GBP
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.72%
Total expense ratio (TER)1.81%
Bid price-
Offer price-
Mid price167.2
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0O2H
Fidelity Global Dividend W Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)0.97%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price190.8
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGMTX
Fidelity Global Dividend W Inc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)0.97%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price163.9
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGMTY
Fidelity Global Dividend W Monthly Inc
Initial charge-
Annual charge0.75%
Min single investment£250
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.96%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price114.1
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN0HK
Fidelity Global Dividend Y Acc GBP
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price207.4
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0O2E
Fidelity Global Dividend Y GBP
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.19%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price172.7
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0O2F
Data provided by

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