This fund can be found in our current Harmonic portfolio range.
Fidelity international, established in 1969 as the international arm of Fidelity investments became independent of the US organisation in 1980. Fidelity, with offices around the world, was created to manage the investments of individuals outside of the USA and is one of the largest financial services companies in the world. This fund is used with in our Harmonic 3-8 portfolios and represents between 3-6% of the spread within these portfolios.
The fund was launched in September 2009 and as of 28/2/2022 holds £582m invested across 59 holdings. The fund is managed by Leigh Himsworth, who has managed the fund since it started. Leigh identifies specific areas of the market that he believes are capable of delivering consistent growth. Within these themes, he employs disciplined cash flow analysis to seek out companies capable of delivering earnings growth without materially increasing their risk profile. With a 5 year annualised return of 5.97% (as of 31/3/2022) it is supported by Rayner Spencer Mills as a core UK holding for investors seeking an all-weather approach to investing in UK companies.
Within the top 10 holdings you will see exposure to the following-
Anglo American Plc – representing 4.77% of the fund – is a London headquartered mining company and is the world’s largest producer of Platinum with over 40% of the market share worldwide. It is also one of the largest producers of diamonds, copper, nickel, iron ore and metallurgical and thermal coal. The company has operations in Africa, Asia, Australia, Europe, North & South America. Anglo American, with over 90,000 employees produces a net income of $11.70 billion in 2021
Tate & Lyle Plc – representing 3% of the fund – is a British headquartered, global supplier of food and beverages. The company was formed in 1921 from a merger between two rival sugar refiners (Henry Tate & Sons and Abram Lyle & Sons). They sold their sugar refining business in 2010 to American sugar barons Funjul Brothers and now focus on turning raw materials such as corn and tapioca into ingredients that add taste, texture and nutrients to food and beverages. With over 4,400 employees Tate & Lyle produced a net income of £253million in 2021
Cranswick Plc – representing 2.96% of the fund – is a leading UK producer of premium, fresh, added value food products. Originally founded in 1974 as pig feed producer it now produces fresh pork, gourmet sausages, cooked meats, air-dried bacon, premium cooked poultry, charcuterie, sandwiches and pastry products. Brands which you may be familiar with include Bodega, Weight Watchers, Woodall’s, Simply Sausages, Red Lion Foods and Black Farmer. With over 9,000 employers Cranswick produced a net oncome of £92.5 million in 2021.