Fidelity Global Concentrated Value Fund Trust Units
Fidelity Global Concentrated Value Fund Trust Units (TSE: FGCV) is an actively managed equity ETF that seeks long‑term capital appreciation by investing in a focused portfolio of undervalued companies across the global investable universe. Positioned in the “Size and Style” segment, the fund applies a value discipline to the total market—covering large, mid and small‑cap opportunities worldwide—while concentrating holdings into a relatively small number of high‑conviction names. Rather than tracking a broad value index, FGCV pursues a niche strategy: Fidelity’s research team identifies securities trading below their intrinsic value using fundamentals-driven, bottom‑up analysis and allocates capital to those ideas with the greatest upside potential. The concentrated nature of the portfolio amplifies the manager’s best ideas, which can offer stronger upside when selections outperform but also introduces higher idiosyncratic risk and potential volatility compared with broad, diversified ETFs. FGCV is appropriate for investors seeking targeted value exposure within a global equity allocation, those who want active, research‑led stock selection instead of passive index replication, and long‑term investors prepared to tolerate concentration risk in pursuit of superior capital growth over time. The fund can serve as a complement to core or growth holdings for investors looking to diversify style exposure and exploit valuation disparities across regions and market capitalizations.
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| Name | Weight % |
|---|---|
| ZTSZoetis | 3.57% |
| BATSBritish American Tobacco (UK) | 3.37% |
| BSXBoston Scientific | 3.02% |
| ADBEAdobe Systems Incorporated | 3.01% |
| CSUConstellation Software | 2.97% |
| INTUIntuit Inc. | 2.92% |
| IMBImperial Brands (UK) | 2.63% |
| DGEDiageo Plc | 2.23% |
| LULULululemon Athletica | 2.20% |
| LDOSLeidos Holdings Inc | 1.92% |
| Total | 27.86% |
