Morningstar Fund Report  | 13/04/2025Print

FF - Global Demographics Fund E-Acc-EUR (hedged)

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
FF - Global Demographics Fund E-Acc-EUR (hedged)
Fund8.8-22.514.42.7-6.7
+/-Cat-----
+/-B’mrk-----
 
Category: Other Equity
Category Benchmark: -
Key Stats
NAV
11/04/2025		 EUR 22.59
Day Change 1.79%
Morningstar Category™ Other Equity
ISIN LU0528228157
Fund Size (Mil)
28/02/2025		 USD 877.40
Share Class Size (Mil)
11/04/2025		 EUR 81.10
Max Initial Charge -
Ongoing Charge
27/01/2023		  2.65%
Investment Objective: FF - Global Demographics Fund E-Acc-EUR (hedged)
The fund aims to achieve capital growth over the long term.
Returns
Trailing Returns (GBP)11/04/2025
YTD-8.19
3 Years Annualised-1.24
5 Years Annualised4.66
10 Years Annualised5.27
12 Month Yield 0.00
Management
Manager Name
Start Date
Aneta Wynimko
01/05/2019
Alex Gold
01/05/2019
Click here to see others
Inception Date
07/11/2012

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI ACWI NR USD-
Portfolio Profile for  FF - Global Demographics Fund E-Acc-EUR (hedged)28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.090.0099.09
Bond0.030.000.03
Property0.000.000.00
Cash1.270.480.79
Other0.090.000.09
Top 5 Regions%
United States64.46
Eurozone14.60
Europe - ex Euro6.36
Asia - Developed5.14
Asia - Emerging3.39
Top 5 Sectors%
Technology27.72
Healthcare21.47
Consumer Cyclical15.45
Financial Services11.50
Industrials9.87
Top 5 HoldingsSector%
Amazon.com IncConsumer CyclicalConsumer Cyclical7.30
Microsoft CorpTechnologyTechnology6.57
Taiwan Semiconductor Manufacturi... TechnologyTechnology5.09
Boston Scientific CorpHealthcareHealthcare5.06
Apple IncTechnologyTechnology4.16
Increase Decrease New since last portfolio
FF - Global Demographics Fund E-Acc-EUR (hedged)
Growth Of 1000 (GBP) 31/03/2025
Fund:  FF - Global Demographics Fund E-Acc-EUR (hedged)
Category:  Other Equity
Category Index: 
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-6.1315.7126.298.75-22.4814.452.69-6.70
+/- Category--------
+/- Category Index--------
% Rank in Category-
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day1.79   --
1 Week4.09   --
1 Month-4.24   --
3 Months-9.42   --
6 Months-11.57   --
YTD-8.19   --
1 Year-10.36   --
3 Years Annualised-1.24   --
5 Years Annualised4.66   --
10 Years Annualised5.27   --
 
Category: Other Equity
Category Index: 
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-6.70---
20246.470.93-2.39-2.11
20239.332.63-6.749.37
2022-8.58-17.00-2.154.41
2021-2.746.422.132.88
2020-11.9419.479.389.75
 
 
 
Morningstar Rating™(Relative to Category)-
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-Year--Not Rated
5-Year--Not Rated
10-Year--Not Rated
Overall--Not Rated
 
Category :  Other EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev14.60 %
3-Yr Mean Return-1.37 %
 
3-Yr Sharpe Ratio-0.37
 
Modern Portfolio Statistics-31/03/2025
 Standard IndexBest Fit Index
   Morningstar EU Agg Gbl Tgt Alloc NR EUR
3-Yr Beta-1.27
3-Yr Alpha--8.22
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 276552-
Market Capitalisation% of Equity
Giant62.83
Large21.14
Medium12.46
Small3.58
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings23.201.48
Price/Book3.861.68
Price/Sales3.812.03
Price/Cash Flow16.321.67
Dividend-Yield Factor1.030.41
 
Long-Term Projected Earnings Growth11.641.16
Historical Earnings Growth10.921.63
Sales Growth10.622.10
Cash-Flow Growth12.821.80
Book-Value Growth13.034.09
 
Category: Other Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.090.0099.09
Bond0.030.000.03
Property0.000.000.00
Cash1.270.480.79
Other0.090.000.09
World Regions28/02/2025
 % of EquityRelative to Category
United States64.461.50
Canada1.820.25
Latin America0.780.66
United Kingdom0.540.06
Eurozone14.601.18
Europe - ex Euro6.361.48
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan2.910.64
Australasia0.000.00
Asia - Developed5.142.27
Asia - Emerging3.390.51
 
Category: Other Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials3.910.27
Consumer CyclicalConsumer Cyclical15.451.69
Financial ServicesFinancial Services11.500.71
Real EstateReal Estate0.000.00
Consumer DefensiveConsumer Defensive2.630.45
HealthcareHealthcare21.472.60
UtilitiesUtilities0.930.22
Communication ServicesCommunication Services6.500.96
EnergyEnergy0.010.00
IndustrialsIndustrials9.870.83
TechnologyTechnology27.721.65
 
Category: Other Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings48
Total Number of Bond Holdings2
Assets in Top 10 Holdings45.98
NameSectorCountry% of Assets
Amazon.com Inc102United States7.30
Microsoft Corp311United States6.57
Taiwan Semiconductor Manufacturing Co... 311Taiwan5.09
Boston Scientific Corp206United States5.06
Apple Inc311United States4.16
Essilorluxottica206France4.15
NVIDIA Corp311United States4.04
Alphabet Inc Class A308United States3.98
Visa Inc Class A103United States2.93
HDFC Bank Ltd ADR103India2.72
 
Increase Decrease New since last portfolio
Category: Other Equity
 
Management
Name of CompanyFidelity (FIL Inv Mgmt (Lux) S.A.)
Phone+ 352 250 404 2400
Websitewww.fidelity-international.com
Address2a, rue Albert Borschette
 Luxembourg   L-1246
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date07/11/2012
Fund Advisor(s)
FIL Fund Management Limited
Fund ManagerAneta Wynimko
Manager Start Date01/05/2019
Career Start Year1997
 
Biography
Aneta Wynimko is the Portfolio Manager for the Fidelity Global Demographics Fund and for the FF Sustainable Consumer Brands Strategy. Aneta joined Fidelity in 2001 as a Research Analyst. Between 2001 and 2003, she covered European construction, house builders and motorways. She rotated to cover Europe, Middle East, Africa (EMEA) banks between 2003 and 2005; during that period, she also managed the broader EMEA research pilot fund, for which she picked the best investment ideas our EMEA sector analysts put forward.
Fund ManagerAlex Gold
Manager Start Date01/05/2019
Career Start Year2007
 
Biography
Alex Gold is a Portfolio Manager for the Fidelity Global Demographics Fund and the Portfolio Manager for the FF Sustainable Global Health Care Fund and Co-Portfolio Manager on Fidelity’s US Core strategy. He joined Fidelity from PricewaterhouseCoopers (PwC) in September 2010 and spent the initial part of his career covering energy equities. Alex began covering medical technology stocks in September 2011. He successfully covered a heterogeneous and diverse sub-sector over the next three years, yielding several stock ideas in the FF Global Health Care Fund.
Fund ManagerOliver Hextall
Manager Start Date01/07/2019
Career Start Year2007
 
Biography
Oliver Hextall is a Portfolio Manager for the FF Sustainable Demographics Fund. He began his career at Evercore Partners as a mergers and acquisition analyst before joining Fidelity International (Fidelity) in January 2011. Oliver started his Fidelity career as a Research Analyst covering European aerospace, defence and airlines. He subsequently covered the large cap metals, mining and steel sector from July 2014 to December 2016. Oliver worked on large cap consumer discretionary stocks from October 2016 to October 2022, being appointed as a Co-Portfolio Manager on the global demographics fund in 2019 in a hybrid Portfolio Manager-Research Analyst role on the strength of his performance metrics amongst the analyst group. He assumed full-time Portfolio Manager responsibilities in November 2022. Oliver holds a Bachelor of Arts (Honours) Classics from Oxford University, United Kingdom.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge2.65%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes