Important risk disclosure

Please click here and read carefully the summary of the key features and risks specific to this fund stated in the offering document prepared by the relevant fund house before making any investment decision.

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LU1560650563
Fidelity Global Technology Fund

  • Equities
  • Global
  • USD Cash
  • Accumulating
Invest with
USD Cash
Payout type
Accumulating
Risk rating
6
About this fund
Description
The Fund aims to provide investors with long-term capital growth, principally 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...
Key information
Annual report
Key fact sheet
Prospectus
Factsheet
Our perspective
Why we think this fund is best-in-class
product
Product
A contrarian technology fund with focus on more value stocks, rather than the mainstream high-growth and high-momentum part of the market. Offers a balanced exposure into Core and Opportunistic companies across various market caps, geographies, and sectors, including private companies, to allocate into established leaders and emergent companies. One of the oldest technology funds in the market, incepted in 1999 and having experienced multiple market cycles in its lifetime, including the Dot-com bubble.
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people
People
Managed by a highly experienced PM and team that implement a disciplined top-down, bottom-up process to cover a vast universe of opportunities. The team, based in San Francisco, has good access to emerging and established technology companies, as well as the latest developments in the tech scene given their proximity to Silicon Valley.
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performance
Performance
Strong and reliable returns throughout its long lifetime. Favourable up-capture during bull markets, typically outperforming the broader MSCI ACWI/IT index. Highly defensive during down markets, with a track record of significantly outperforming its benchmark and peers during notable market crisis including the Dot-com bubble, 2020 March COVID-19 drawdown, and 2022 high-inflation environment.
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process
Process
Disciplined top-down, bottom-up process to cover a vast universe of tech opportunities in the most effective and long-term oriented manner, defined by proprietary taxonomy.
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cost
Cost
Clean retail share class with no trailer fees to achieve the lowest cost of access for retail investors.
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selectionCriteria
How it fits in a portfolio
The Fund, due to its contrarian approach to tech investing, is a good diversifier especially when used in tandem with other conventional high-growth, high-momentum technology funds. Investors should note that, over the short term, the Fund may experience some volatility due to its exposure to smaller cap holdings across the world, although over the longer economic cycle (3 to 5 years), the Fund has demonstrated favourable returns with unparalleled drawdown control during market downturns.
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Invest in this fund
Performance
Shows the total return of this accumulating fund, which includes dividends reinvested.
Total returns
All Time
376.00%
YTD
14.76%
1 month
0.89%
6 month
12.88%
1 year
18.03%
3 year
85.39%
5 year
118.60%
As of Aug 2025
Distributions
This is an accumulating fund, so dividends are re-invested at the fund level.
Risk metrics
Max drawdown
-26.49%As of Aug 2025
Volatility
17.83%As of Aug 2025
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2025-3.9%-2.2%-5.8%0.5%8.3%7.3%1.7%0.9%----
202417.7%-0.1%3.8%2.9%-3.1%2.8%5.7%1.0%0.7%2.3%-1.2%2.7%-0.8%
202345.2%14.2%-1.7%6.2%-2.6%3.5%5.5%4.4%-2.8%-3.7%-4.3%14.1%7.3%
2022-22.9%-5.5%-3.1%3.1%-9.6%-1.0%-8.9%9.0%-2.8%-9.9%3.5%5.3%-3.7%
202123.4%3.0%4.5%2.9%3.6%0.3%2.4%0.1%2.9%-3.7%3.4%-1.9%4.1%
Top Exposures
Taiwan Semiconductor Manufacturing Co Ltd8.45%
Microsoft Corp6.40%
Apple Inc5.42%
Alphabet Inc Class A4.62%
Amazon.com Inc4.08%
Texas Instruments Inc2.41%
Telefonaktiebolaget L M Ericsson Class B2.31%
Cisco Systems Inc1.95%
Dell Technologies Inc Ordinary Shares - Class C1.83%
Microchip Technology Inc1.80%
Marvell Technology Inc1.79%
Salesforce Inc1.56%
Workday Inc Class A1.54%
BE Semiconductor Industries NV1.53%
Adyen NV1.41%
Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.
Fund fees
1.04% p.a.
Fund facts
ISIN
LU1560650563
Fund house
Fidelity
Fund size
US$30.3B
As of 11 Sep 2025
Fund inception date
23 Feb 2017
Fund class currency
USD
Fund share class
Y Acc USD
Oldest share inception date
01 Sep 1999
Pricing frequency
Daily

Warning statements

  • All investments involve risks (including the possibility of loss of the capital invested) and the price of fund units may go up as well as down.
  • Past performance is not indicative of future performance.
  • Although this fund has been authorised by the Hong Kong Securities and Futures Commission (“SFC”), it does not imply an official recommendation or endorsement by the SFC nor does it guarantee the commercial merits of the fund or its performance.
  • If you are in any doubt, you should clarify with us or seek independent professional advice.

Risk Warnings Investment involves risk. Past performance is not an indicator nor a guarantee of future performance or returns. Projected performance or returns are not guaranteed to materialise. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.

The value of the fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount or all of your investment could be lost.

Generic risk warnings relating to collective investment schemes

Funds are not a bank deposit and not capital guaranteed, and is subject to investment risks, including the possible loss of the principal amount invested. There is no assurance that a fund will have sufficient liquidity to meet redemption requests and that the fund's investment objectives and strategies will be achieved.

The funds' investment may involve substantial market, currency, volatility, liquidity, regulatory and political risks. Some funds may use derivatives, whether for hedging or for investment purposes. The risks associated with derivatives include counterparty/credit, liquidity, valuation, volatility and market risks. The fund's volatility may increase or decrease from its derivative usage and such fund may suffer losses from its derivative usage. Do not invest in these funds unless you fully understand and are willing to assume the risks associated with them.

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