Fidelity Global Dividend Class W - Accumulation (GBP)

Over the long term Roberts has delivered strong results. He's has achieved this through one of the best stock-picking records in the sector according to our analysis, and by investing fairly conservatively. So while he's usually not quite kept up when markets have risen, he's held up much better when they've fallen. We'd expect Roberts' approach to keep delivering good long-term results, although there are no guarantees.

Roberts looks for companies that can sustainably grow their dividends over many years. That's more important to him than what a company's yield is. He's a reasonably conservative investor, and places more importance on sheltering investors' capital than growing it.

Roberts' approach focuses on individual company analysis, paying close attention to their financial accounts to ensure the company dividends are sustainable. He also assesses how a company has fared during different market conditions, looking to identify predictable revenue streams and resilience. The manager favours companies with simple business models, sensible management teams and healthy balance sheets whilst avoiding companies with too much debt.

The process whittles down a universe of 3,000 companies to a portfolio of between 40-60 holdings. These tend to be larger companies, at a size of $5bn and above. European companies make up much more of the fund than the benchmark, which includes exposure to areas like the UK, Switzerland and Germany. Just under a third is invested in the US, but this is much less than the benchmark. Roberts can also invest in higher-risk smaller companies and emerging markets. There's a broad range of themes in the fund with the fund being split between defensive companies, interest rate sensitive companies and more cyclical companies.

Please note charges can be taken from capital, which can increase the yield but reduces the potential for capital growth. Roberts also has the flexibility to use derivatives which if used adds risk.