To achieve returns in excess of the S&P/ASX Mid Small Index over the medium to long term.
A diversified portfolio of 40-70 small-to mid-cap Australian companies.
Uses a rigorous bottom-up stock selection process that focuses on finding attractively valued companies with strong competitive positioning and sound company management.
A strong emphasis on building a diversified and balanced portfolio that aims to deliver more consistent returns through different market cycles.
Want to stay up to date with the latest from the Fidelity Future Leaders Fund? Join Portfolio Manager, James Abela as he provides a short quarterly update covering:
You can get more information about the Fund's top holdings here.
See for yourself how the fund has performed since inception. The chart below represents the value now of $10,000 invested in the Fidelity Future Leaders Fund in July 2013 compared with $10,000 invested in the S&P/ S&P/ASX Mid Small Index.
Chart as at: 31 March 2024
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. Benchmark: S&P/ASX Mid Small Index.
Net returns as at 31 March 2024
Timeframe | Fund | Benchmark | Active return |
---|---|---|---|
1 yr % | 21.31 | 14.40 | 6.91 |
3 yr % pa | 6.19 | 6.07 | 0.12 |
5 yr % pa | 7.56 | 8.40 | -0.84 |
7 yr % pa | 10.60 | 8.67 | 1.93 |
10 yr % pa | 10.53 | 9.31 | 1.22 |
Since inception (22/07/13) % pa | 11.19 | 9.66 | 1.53 |
Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
Since inception (22/07/13) % pa |
---|---|---|---|---|---|---|
Fund | 21.31 | 6.19 | 7.56 | 10.60 | 10.53 | 11.19 |
Benchmark | 14.40 | 6.07 | 8.40 | 8.67 | 9.31 | 9.66 |
Active return | 6.91 | 0.12 | -0.84 | 1.93 | 1.22 | 1.53 |
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. Benchmark: S&P/ASX Mid Small Index.
Net as at 31 March 2024
Total return | Growth | Income | |
---|---|---|---|
1 yr % | 21.31 | 20.01 | 1.3 |
3 yr % pa | 6.19 | 4.06 | 2.13 |
5 yr % pa | 7.56 | 5.98 | 1.58 |
7 yr % pa | 10.6 | 8.73 | 1.87 |
10 yr % pa | 10.53 | 8.7 | 1.83 |
Since inception (22/07/13) % pa | 11.19 | 9.4 | 1.79 |
1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
Since inception (22/07/13) % pa |
|
---|---|---|---|---|---|---|
Total return | 21.31 | 6.19 | 7.56 | 10.6 | 10.53 | 11.19 |
Growth | 20.01 | 4.06 | 5.98 | 8.73 | 8.7 | 9.4 |
Income | 1.3 | 2.13 | 1.58 | 1.87 | 1.83 | 1.79 |
Growth return is the unit price movement on exit to exit basis. Income is expressed as Total Return less growth component.
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. Benchmark: S&P/ASX Mid Small Index.
As at 31 March 2024
As at 31 March 2024
% total net assets | |
---|---|
CAR GROUP LTD | 5.9% |
WISETECH GLOBAL LTD | 5.5% |
REA GROUP LTD | 4.1% |
NETWEALTH GROUP LIMITED | 3.9% |
HUB24 LTD | 3.9% |
ORICA LTD | 3.7% |
LOVISA HOLDINGS LTD | 3.7% |
ALS LTD | 3.4% |
SEVEN GROUP HOLDINGS LTD | 3.3% |
VICINITY CENTRES | 3.2% |
As at 31 March 2024
Fund % | Benchmark % | Relative % | |
---|---|---|---|
NETWEALTH GROUP LIMITED | 3.9 | 0.4 | 3.5 |
CAR GROUP LTD | 5.9 | 2.4 | 3.5 |
LOVISA HOLDINGS LTD | 3.7 | 0.4 | 3.3 |
HUB24 LTD | 3.9 | 0.6 | 3.2 |
FISHER & PAYKEL HEALTHCARE CORP | 3.2 | 0.7 | 2.6 |
As at 31 March 2024
Fund % | Benchmark % | Relative % | |
---|---|---|---|
AMPOL LTD | 0.0 | 1.7 | -1.7 |
WASHINGTON H SOUL PATTINSON & CO LTD | 0.0 | 1.5 | -1.5 |
ALTIUM LTD | 0.0 | 1.4 | -1.4 |
AURIZON HOLDINGS LTD | 0.0 | 1.3 | -1.3 |
CLEANAWAY WASTE MNGMT LTD | 0.0 | 1.1 | -1.1 |
Distribution | Distribution (CPU) | Reinvestment price |
---|---|---|
28-Mar-24 | 0.0000 | $0.0000 |
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. If the Distribution CPU column is 0.0000 it means that nothing was distributed.
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.
1Management 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.
2Total returns (net) have been calculated using exit prices and take into account the applicable buy/sell spread and are net of Fidelity’s management costs, transactional and operational costs and assumes reinvestment of distributions. No allowance has been made for tax. Returns of more than one year are annualised. The return of capital is not guaranteed.
Seeks to capture Australian large-caps of tomorrow, today.
An actively managed portfolio of 40-70 small to mid-cap Australian shares.
Offers investors a unique approach to portfolio construction which aims to deliver consistent returns through different market cycles.
James talks about what drives his passion for investing in Australian small and mid-caps, his investment philosophy, and where he is finding opportunities for the Fund.
James Abela, portfolio manager of the Fidelity Future Leaders Fund, talks about how he uncovers the future leaders of tomorrow through the Fund's tried and tested approach.
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.
1Management 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.
2Total returns (net) have been calculated using exit prices and take into account the applicable buy/sell spread and are net of Fidelity’s management costs, transactional and operational costs and assumes reinvestment of distributions. No allowance has been made for tax. Returns of more than one year are annualised. The return of capital is not guaranteed.