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Fidelity Australian Opportunities Fund

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A diversified core Australian Equities portfolio of up to 70 companies with the flexibility to take meaningful positions in the mid-small cap part of the market. 
An investment approach driven by fundamental research that seeks companies with superior management, strong free cashflow and low gearing
Leverages Fidelity’s global network to assess Australian companies in a global context

 

Meet Kate Howitt

Kate Howitt outlines the investment approach and process for the Fidelity Australian Opportunities Fund.
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Fund facts

Investment Objectives

To achieve returns in excess of the S&P/ASX 200 Accumulation Index over the suggested minimum investment time period of five to seven years.

Unit prices (at 22/05/17)^^
14.9187 / 14.8591 Download History
Portfolio manager
Kate Howitt
Appointed to fund
31 July 2012
Joined Fidelity
2004
Location
Australia
Fund size (at 22/05/17)
A$50.16M
Benchmark
S&P/ASX 200 Accumulation Index
Distribution freq.
Quarterly
Management costs^
0.85% p.a
Currency
Australian Dollar
Buy/sell spread
0.20%/0.20%
Inception date
31 July 2012
ARSN
159055722
APIR code
FID0021AU
mFund code
FIL21

Past performance net returns as at 30/04/17

Timeframe 1 mth
%
3 mth
%
6 mth
%
1 yr
%
3 yr
% pa
5 yr
% pa
Since inception
(31/07/12) % pa
Fund* 1.09 6.64 11.68 15.12 10.43 - 14.33
Benchmark** 1.03 6.74 13.84 17.77 7.27 - 12.10
Active return 0.06 -0.10 -2.16 -2.65 3.16 - 2.23

Growth and income net as at 30/04/2017

1 yr
%
3 yr
% pa
5 yr
% pa
Since inception
(31/07/12) % pa
Total return 15.12 10.43 - 14.33
Growth 11.84 4.30 - 8.95
Income 3.28 6.13 - 5.38

Distributions

Latest distribution Distribution (CPU)* Reinvestment price
31-Mar-17 4.910962 $14.8658

*CPU = cents per unit. The above cash CPU excludes imputation credits and foreign income tax offsets which are non-cash components and are reported in the end of year tax statement.

Sector breakdown as at 30/04/17

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Top 10 holdings as at 30/04/2017

% total net assets
Commonwealth Bank Australia 11.7%
Australia & NZ Banking Group Ltd 8.1%
Westpac Banking Corp 6.7%
Wesfarmers Ltd 4.0%
Macquarie Group Ltd 3.9%
National Australia Bank Ltd 3.9%
Rio Tinto Ltd 3.8%
Goodman Limited 3.7%
Sydney Airport 3.4%
CSL Ltd 3.3%

Fund ratings

Organisation Rating / Recommendation More Information
Zenith* Recommended1

Visit Zenith's website

 

See ratings disclaimers


Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. *The returns shown have been calculated using the net asset value of the Fund from one period to the next. The returns include any re-invested distributions and are after fees and expenses. No allowance has been made for taxation or for any fees charged by operators of master trusts or wrap accounts through which the products are offered. For periods greater than one year returns have been annualised. Growth return is the unit price movement on exit to exit basis. Income is expressed as Total Return less growth component. **S&P / ASX 200 Accumulation.

This Fund is subject to the risk of stock market fluctuations. Investors accessing the Fund through a master trust or wrap account will also bear any fees charged by the operator of such master trust or wrap account. Any apparent discrepancies in the numbers are due to rounding.
^Management costs and buy/sell spread are current as at the date of publication of this website. These fees may be subject to change in the future.
^^These application and redemption prices are current as at the time of this communication, but are not the guaranteed prices you will receive should you apply for or redeem any units on or after the time of this communication, because the actual price may be calculated by reference to a different date.

ºFidelity Analyst Survey 2016

*You should refer to respective research houses (and their disclaimers below) to obtain further information about the meaning of the rating and the rating scale. Ratings are only one factor to be taken into account when deciding whether to invest. Ratings are subject to change without notice and may not be regularly updated. Ratings are current as at date (s) stated below. Fidelity pays a fee to some research houses for rating our funds.

1. The Zenith Investment Partners (“Zenith”) ABN 60 322 047 314 rating (assigned June 2016) referred to in this document is limited to “General Advice” (as defined by section 766B of Corporations Act 2001) and based solely onthe assessment of the investment merits of the financial product on this basis. It is not a specific recommendation to purchase, sell or hold the relevant product(s), and Zenith advises that individual investors should seek their own independent financial advice before investing in this product. The rating is subject to change without notice and Zenith has no obligation to update this document following publication. Zenith usually receives a fee for rating the fund manager and product against accepted criteria considered comprehensive and objective.

This website is intended to provide general information only and has been prepared without taking into account your objectives, financial situation or needs. You should consider these matters before acting on the information and consider the relevant Product Disclosure Statement for any product named on this website before making an investment decision.

© 2017 FIL Responsible Entity (Australia) Limited ABN 33 148 059 009, AFSL No. 409340.
Fidelity, Fidelity International and the Fidelity International logo and F symbol are trademarks of FIL limited.

This document is issued by FIL Responsible Entity (Australia) Limited ABN 33 148 059 009, AFSL No. 409340 ("Fidelity Australia"). Fidelity Australia is a member of the FIL Limited group of companies commonly known as Fidelity International. Prior to making an investment decision retail investors should seek advice from their financial adviser. Please remember past performance is not a guide to the future. Investors should also obtain and consider the Product Disclosure Statements ("PDS") for the fund mentioned in this document. The PDS is available on www.fidelity.com.au or can be obtained by contacting Fidelity Australia on 1800 119 270. This document has been prepared without taking into account your objectives, financial situation or needs. You should consider such matters before acting on the information contained in this document. This document may include general commentary on market activity, industry or sector trends or other broad based economic or political conditions which should not be construed as investment advice. Information stated herein about specific securities is subject to change. Any reference to specific securities should not be construed as a recommendation to buy, sell or hold these securities. While the information contained in this document has been prepared with reasonable care no responsibility or liability is accepted for any errors or omissions or misstatements however caused. The document may not be reproduced or transmitted without prior written permission of Fidelity Australia. The issuer of Fidelity funds is FIL Responsible Entity (Australia) Limited ABN 33 148 059 009. References to ($) are in Australian dollars unless stated otherwise. © 2017 FIL Responsible Entity (Australia) Limited. Fidelity, Fidelity International, and the Fidelity International logo and F symbol are trademarks of FIL Limited.