LU1823568750
Fidelity Global Technology Fund

  • Equities
  • Technology
  • Global
  • SGD Cash, SRS
  • Accumulating
Invest with
SGD Cash, SRS
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
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Product Highlight Sheet
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Prospectus
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Factsheet
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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 Considers a broad category of companies for investment with no factor bias; the portfolio can be reasonably expected to hold half of its positions in growth-oriented companies, with the remaining classified as cyclical or special situations
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cost
Cost
Endowus offers retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access
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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.
All Time
​
Total returns
All Time
248.61%
YTD
-1.02%
1 month
-2.61%
6 month
8.39%
1 year
15.85%
3 year
76.76%
5 year
74.22%
As of Feb 2026
Distributions
This is an accumulating fund, so dividends are re-invested at the fund level.
Risk metrics
Max drawdown
-24.02%As of Feb 2026
Volatility
16.41%As of Feb 2026
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2026-1.6%-2.6%----------
202517.4%3.0%-2.6%-6.2%-2.5%6.9%5.7%3.7%-0.3%6.7%4.7%-4.2%2.3%
202420.9%1.2%4.4%3.1%-2.1%1.9%6.0%-0.4%-1.8%0.5%1.8%4.1%0.9%
202341.7%11.9%0.6%4.8%-2.4%5.1%5.2%2.5%-1.2%-2.8%-4.0%11.2%5.9%
2022-24.0%-5.3%-2.9%3.0%-7.8%-1.9%-7.6%8.2%-1.9%-7.4%2.0%1.7%-5.7%
Load more5 of 9
Top Exposures
Taiwan Semiconductor Manufacturing Co Ltd8.20%
Microsoft Corp5.55%
Apple Inc4.81%
Alphabet Inc Class A4.49%
Amazon.com Inc3.71%
Telefonaktiebolaget L M Ericsson Class B2.73%
Accenture PLC Class A2.53%
ASML Holding NV2.44%
Salesforce Inc2.25%
Texas Instruments Inc2.15%
Oracle Corp2.02%
Microchip Technology Inc1.79%
BE Semiconductor Industries NV1.72%
ASM International NV1.62%
Intuit Inc1.60%
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
1.89%1.14% p.a.
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Fund facts
ISIN
LU1823568750
Fund house
Fidelity
Fund size
S$42.3B
As of 28 Feb 2026
Fund benchmark
MSCI ACWI/Information Technology NR USD
Fund inception date
13 Jun 2018
Fund class currency
SGD
Fund share class
A Acc SGD
Oldest share class ISIN
LU0099574567
Oldest share inception date
01 Sep 1999
Pricing frequency
Daily

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