The Fidelity Funds - Future Connectivity Fund (A-ACC-USD) is a thematic equity fund that seeks long-term capital growth by investing in companies globally that are involved in or benefiting from the development and proliferation of connectivity technologies, including 5G, the Internet of Things (IoT), cloud computing, and related infrastructure.
Investment Objective
The fund targets companies across the connectivity value chain — from semiconductor manufacturers and network equipment providers to software companies and digital services that benefit from ubiquitous connectivity. This is a high-conviction thematic fund focused on a structural, multi-decade growth trend.
Connectivity Megatrend
The global rollout of 5G networks, expansion of IoT devices, edge computing, satellite internet, and smart city infrastructure represent a once-in-a-generation infrastructure buildout. Companies positioned along this value chain stand to benefit enormously from:
- Exponential growth in connected devices
- Increasing data consumption
- Enterprise digital transformation
- Autonomous vehicles and smart manufacturing
Key Investment Areas
- Semiconductor companies (chips for 5G and IoT)
- Network infrastructure (towers, fiber, equipment)
- Cloud computing platforms
- Enterprise software benefiting from connectivity
- Consumer devices and services
Accumulating Share Class
The ACC share class reinvests income, maximizing long-term compounding.
Risk Considerations
Thematic funds are inherently concentrated and can underperform broader markets during periods when the specific theme is out of favour. Technology sector volatility, regulatory risk, and valuation risk are key considerations.
Risk & Return Metrics
Share class: A-ACC-USD | ISIN: LU2247934214 | Data: yfinance (1005 trading days, annualised at 252 days/year)
| Metric | Daily | Annualised |
|---|---|---|
| Expected Return | 0.0339% | 8.91% |
| Risk (Std Dev) | 1.2399% | 19.68% |
| Metric | Value |
|---|---|
| First NAV | 10.1700 |
| Last NAV | 13.2300 |
| Total Return (period) | 30.09% |