The Fidelity Funds - FIRST All Country World Fund (A-USD) seeks long-term capital growth by investing in equity securities of companies located anywhere in the world, including both developed and emerging markets, providing broad global diversification.
Investment Objective
FIRST (Fidelity International Research Stock Trust) funds leverage Fidelity’s global research capabilities to identify the best investment ideas across the entire world. This fund invests in equities across all countries — developed markets like the US, Europe, and Japan, as well as emerging markets including China, India, Brazil, and others.
Global Diversification
By investing across all countries, the fund provides true global diversification, reducing dependence on any single market’s performance. The portfolio may include hundreds of holdings across multiple geographies, sectors, and market capitalizations.
FIRST Methodology
The FIRST designation reflects Fidelity’s research-intensive investment approach, drawing on a global team of analysts and portfolio managers to identify high-conviction stock ideas across all markets.
Comparison to Index
The MSCI All Country World Index (ACWI) is a common benchmark for this type of fund, covering approximately 2,900 securities across 47 countries. The fund aims to outperform this benchmark through active stock selection.
Currency
Denominated in USD, the world’s primary reserve currency.
Risk Considerations
Global equity market risk, currency risk, emerging market risk, and the challenges of managing a diverse portfolio across many regulatory and accounting environments.
Risk & Return Metrics
Share class: A-USD | ISIN: LU0267386448 | Data: yfinance (1002 trading days, annualised at 252 days/year)
| Metric | Daily | Annualised |
|---|---|---|
| Expected Return | 0.0457% | 12.20% |
| Risk (Std Dev) | 0.9858% | 15.65% |
| Metric | Value |
|---|---|
| First NAV | 23.2200 |
| Last NAV | 34.9400 |
| Total Return (period) | 50.47% |