Evidence and analysis
- Share-class currency
- USD
- ISIN
- LU0882574055
- Hedging status
- Not inferred from currency; consult the exact share-class factsheet.
The fund's base currency, shown in the prospectus description below, can differ from this share class's dealing currency. All benchmark comparisons above use the stated share-class currency.
Benchmark: MSCI ACWI Health Care Index (Net)
| Period | Fund | Index | Gap (pp) |
|---|---|---|---|
| 1 year | 4.7% | 15.8% | -11.1 |
| 1-year: Underperforming | |||
| 3 years | 7.2% | 29.4% | -22.2 |
| 3-year: Underperforming | |||
Gap = fund minus index in percentage points. Returns are cumulative, with dividends reinvested, in the share class currency. Includes ongoing charges; excludes entry/exit fees. Based on Fidelity's rounded comparison table. A negative gap indicates underperformance for that period.
The Fidelity Funds - Global Healthcare Fund A-ACC-USD page has been refreshed from Fidelity Funds’ April 2026 Hong Kong Extract Prospectus. The PDF fund description is for Global Healthcare Fund.
Investment Objective
The fund aims to achieve capital growth over the long term.
Investment Policy
The fund invests at least 70% of its assets in equities of companies from anywhere in the world. The fund aims to make investments in companies that are involved in design, manufacture or sale of products and services in connection with health care, medicine or biotechnology. The fund may also invest in money market instruments on an ancillary basis.
Investment Process
In actively managing the fund, the Investment Manager considers growth and valuation metrics, company financials, return on capital, cash flows and other measures, as well as company management, industry, economic conditions, and other factors. A minimum of 80% of the funds investments are used to meet the environmental or social characteristics promoted by the fund, as described in the funds investment policy. In addition, the Investment Manager may consider ESG ratings and other ESG criteria when assessing investment risks and opportunities and may invest in securities of issuers with low but improving ESG profiles. Through the investment management process, the Investment Manager aims to ensure that investee companies follow good governance practices. For more information, see Sustainable Investing and ESG Integration and the Sustainability Annex.
SFDR Product Category
Article 8 (promotes environmental and/or social characteristics) ESG T arget.
Derivatives and Techniques
The fund may use derivatives for hedging and for efficient portfolio management. In addition to core derivatives (see How the Funds Use Instruments and Techniques), the fund intends to use TRS. TRS (including CFD) usage Expected 15%; maximum 50%. Securities lending Expected 15%; maximum 30%. Repos/reverse repos Expected 0%; maximum 30%.
Benchmark
MSCI AC World Health Care Index, a broad market index that does not take into account ESG c haracteristics. Used for: investment selection, risk monitoring, and performance comparison. The fund invests in securities of the benchmark, however, the management of the fund is discretionary, therefore the fund may invest in securities not included in the benchmark, and its performance over any period may or may not deviate significantly from that of the benchmark.
Base Currency
EUR.
Main Risks
- Concentration
- Counterparty and collateral
- Currency
- Derivatives
- Equities
- Hedging
- Investment fund
- Liquidity
- Market
- Operational
- Sustainable investing
Risk Management Method
Commitment.
Source
- Fidelity Funds, April 2026 Hong Kong Extract Prospectus:
data/fidelity/pr.ff.HK-en.HK.pdf
Historical AUM (prior source)
$1,241m (as of 30 April 2026, per Fidelity monthly factsheet)
Latest Official Fund Data
| Metric | Current official value |
|---|---|
| NAV (USD) | 26.6600 |
| NAV date | 2026-10-23 |
| Daily NAV change | -0.1100 (-0.4109%) |
| 1-year performance | 4.7421% |
| 3-year performance | 7.1946% |
| Performance date | 2026-09-30 |
| Fund type | Equity Fund |
| ISIN | LU0882574055 |
Source: Fidelity Hong Kong mutual-fund directory, retrieved 2026-10-26. Observation dates are shown separately; performance figures are reproduced from the official directory in the share class currency. Historical risk and return analysis below has not been recalculated by this directory refresh.
Risk & Return Metrics
Sector Allocation
| Sector | Weight |
|---|---|
| Health Care | 98.4% |
| Technology | 0.7% |
| Consumer Cyclical | 0.2% |
| Communication Services | 0.2% |
| Financial Services | 0.2% |
| Consumer Defensive | 0.1% |
| Industrials | 0.1% |
Portfolio Manager
Alex Gold
Share class: A-ACC-USD | ISIN: LU0882574055 | Data: yfinance (1047 trading days, annualised at 252 days/year)
| Metric | Daily | Annualised |
|---|---|---|
| Expected Return | 0.0024% | 0.60% |
| Risk (Std Dev) | 0.9140% | 14.51% |
| Metric | Value |
|---|---|
| First NAV | 24.2700 |
| Last NAV | 23.8200 |
| Total Return (period) | -1.85% |