LU1823568750

Fidelity Global Technology Fund(LU1823568750)

Equities
Technology
Global
SGD Cash, SRS
Accumulating

Invest with

SGD Cash, SRS

Payout type

Accumulating

Risk rating

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

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.

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.

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.

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

Cost

Endowus offers retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access

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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Performance

Returns

NAV

Shows the total return of this accumulating fund, which includes dividends reinvested.

Total returns

Cumulative

Annualised

All Time

229.33%

YTD

-6.49%

1 month

-5.53%

6 month

-4.03%

1 year

16.64%

3 year

59.28%

5 year

58.72%

As of Mar 2026

Distributions

This is an accumulating fund, so dividends are re-invested at the fund level.

Risk metrics

Max drawdown

-24.02%As of Mar 2026

Volatility

16.52%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	1.6%	-2.6%	-5.5%	-	-	-	-	-	-	-	-	-
2025	17.4%	3.0%	-2.6%	-6.2%	-2.5%	6.9%	5.7%	3.7%	-0.3%	6.7%	4.7%	-4.2%	2.3%
2024	20.9%	1.2%	4.4%	3.1%	-2.1%	1.9%	6.0%	-0.4%	-1.8%	0.5%	1.8%	4.1%	0.9%
2023	41.7%	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 more		5 of 9

Top Exposures

Holdings

Regions

Sectors

Taiwan Semiconductor Manufacturing Co Ltd	9.32%
Microsoft Corp	5.36%
Apple Inc	4.75%
Alphabet Inc Class A	4.39%
Amazon.com Inc	3.32%
Telefonaktiebolaget L M Ericsson Class B	3.10%
Texas Instruments Inc	2.50%
Salesforce Inc	2.33%
Netflix Inc	2.14%
Fidelity ILF - USD A Acc	2.08%
Oracle Corp	2.03%
Adyen NV	1.79%
Accenture PLC Class A	1.77%
ASML Holding NV	1.74%
Meta Platforms Inc Class A	1.72%

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.

Save 39%

Fund facts

ISIN

LU1823568750

Fund house

Fidelity

Fund size

S$39.7B

As of 31 Mar 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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