Investment objective
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.
Key facts
Fund performance2
Net returns as at 29 February 2020
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 yr % | 6.77 | 8.64 | -1.87 |
| 3 yr % pa | 7.93 | 8.59 | -0.66 |
| 5 yr % pa | 5.87 | 6.17 | -0.30 |
| 7 yr % pa | 8.37 | 7.96 | 0.41 |
| 10 yr % pa | 8.78 | 7.98 | 0.80 |
| 15 yr % pa | 9.67 | 7.54 | 2.13 |
| Since inception (30/06/03) % pa | 11.52 | 9.29 | 2.23 |
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
15 yr % pa |
Since inception (30/06/03) % pa |
|---|---|---|---|---|---|---|---|
| Fund | 6.77 | 7.93 | 5.87 | 8.37 | 8.78 | 9.67 | 11.52 |
| Benchmark | 8.64 | 8.59 | 6.17 | 7.96 | 7.98 | 7.54 | 9.29 |
| Active return | -1.87 | -0.66 | -0.30 | 0.41 | 0.80 | 2.13 | 2.23 |
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 200 Accumulation Index.
See for yourself how the fund has performed since inception. The chart below represents the value now of $10,000 invested in the Fidelity Australian Equities Fund in June 2003 compared with $10,000 invested in the S&P/ ASX 200 Accumulation Index.
Chart as at: 29 February 2020
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 200 Accumulation Index.
Net as at 29 February 2020
| Total return | Growth | Income | |
|---|---|---|---|
| 1 yr % | 6.77 | 3.18 | 3.59 |
| 3 yr % pa | 7.93 | 4.62 | 3.31 |
| 5 yr % pa | 5.87 | 2.65 | 3.22 |
| 7 yr % pa | 8.37 | 5.06 | 3.31 |
| 10 yr % pa | 8.78 | 5.36 | 3.42 |
| 15 yr % pa | 9.67 | 5.64 | 4.03 |
| Since inception (30/06/03) % pa | 11.52 | 7.47 | 4.05 |
| 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
15 yr % pa |
Since inception (30/06/03) % pa |
|
|---|---|---|---|---|---|---|---|
| Total return | 6.77 | 7.93 | 5.87 | 8.37 | 8.78 | 9.67 | 11.52 |
| Growth | 3.18 | 4.62 | 2.65 | 5.06 | 5.36 | 5.64 | 7.47 |
| Income | 3.59 | 3.31 | 3.22 | 3.31 | 3.42 | 4.03 | 4.05 |
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 200 Accumulation Index.
Sectors, holdings and distributions
As at 29 February 2020
As at 29 February 2020
| % total net assets | |
|---|---|
| COMMONWEALTH BANK AUSTRALIA | 10.5% |
| CSL LTD | 10.0% |
| BHP GROUP LTD | 7.3% |
| SUNCORP GROUP LTD | 4.7% |
| GOODMAN GROUP | 4.6% |
| DOMINOS PIZZA ENTERPRISES LTD | 4.1% |
| COLES GROUP LTD | 3.9% |
| MACQUARIE GROUP LTD | 3.8% |
| AUSTRALIA & N ZEAL BKG GRP LTD | 3.8% |
| SEEK LTD | 3.8% |
As at 29 February 2020
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| SUNCORP GROUP LTD | 4.7 | 0.8 | 3.9 |
| DOMINOS PIZZA ENTERPRISES LTD | 4.1 | 0.2 | 3.9 |
| SEEK LTD | 3.8 | 0.4 | 3.4 |
| GOODMAN GROUP | 4.6 | 1.4 | 3.2 |
| RAMSAY HEALTH CARE LTD | 3.7 | 0.6 | 3.1 |
As at 29 February 2020
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| NATIONAL AUSTRALIA BANK LTD | 0.0 | 4.2 | - 4.2 |
| WESFARMERS LTD | 0.0 | 2.7 | - 2.7 |
| TRANSURBAN GROUP | 0.0 | 2.2 | - 2.2 |
| WOODSIDE PETROLEUM LTD | 0.0 | 1.5 | - 1.5 |
| ARISTOCRAT LEISURE LTD | 0.0 | 1.2 | - 1.2 |
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 31-Dec-19 | 40.9474 | $36.0280 |
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.
From the desk of Paul Taylor
Hear Paul’s insights into Australian markets, companies and his fund by subscribing to his regular update.
Related insights
Fidelity Australian Equities Fund update - Expect the unexpected
Paul Taylor provides an update on his positioning given the fall-out from COVID-19. He also looks at sectors which are likely to dominate post deceleration, what Australian management teams will be focusing on for the remainder of 2020 and shares some past learnings from managing money in challenging times.
Coronavirus strikes
COVID-19 (Novel Coronavirus) will have a very significant impact on economies, markets and people’s lives. Unfortunately, this is our starting point. While the virus will have a very significant impact on all parts of society, it’s important to remember that it’s effectively one-off in nature.
Can fiscal stimulus save us again?
Paul Taylor looks at some of the measures governments will need to take to bolster economies around the world and some of the sectors which will likely benefit as a result.
When the dust settles how will Australia fare?
Paul Taylor looks and what will come next for Australian companies once the dust settles from COVID-19 and where there may be opportunities for investment.
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.
Why this fund
The same highly experienced portfolio manager since 2003, backed by a highly experienced team.
A diversified portfolio with a consistent, rigorous investment approach.
Strong fund ratings from professional research houses.
Meet Paul Taylor
Portfolio Manager of the Fidelity Australian Equities Fund, Paul Taylor describes his love of markets, investments and his overarching goal to provide strong long-term returns to clients to help meet their investment goals.
Related insights
Fidelity Australian Equities Fund update - Expect the unexpected
Paul Taylor provides an update on his positioning given the fall-out from COVID-19. He also looks at sectors which are likely to dominate post deceleration, what Australian management teams will be focusing on for the remainder of 2020 and shares some past learnings from managing money in challenging times.
Coronavirus strikes
COVID-19 (Novel Coronavirus) will have a very significant impact on economies, markets and people’s lives. Unfortunately, this is our starting point. While the virus will have a very significant impact on all parts of society, it’s important to remember that it’s effectively one-off in nature.
Can fiscal stimulus save us again?
Paul Taylor looks at some of the measures governments will need to take to bolster economies around the world and some of the sectors which will likely benefit as a result.
When the dust settles how will Australia fare?
Paul Taylor looks and what will come next for Australian companies once the dust settles from COVID-19 and where there may be opportunities for investment.
From the desk of Paul Taylor
Hear Paul’s insights into Australian markets, companies and his fund by subscribing to his regular update.
Past insights from Paul
- Low growth, high volatility - May 2019(161.95KB)
- Equity market volatility - November 2018(241.65KB)
- Celebrating 15 years - August 2018(232.34KB)
- From the desk of Paul - February 2018(269.95KB)
- From the desk of Paul Taylor(361.71KB)
- From the desk of Paul - August 2017(95.32KB)
- From the desk of Paul - December 2017(246.07KB)
Awards6
The Fidelity Global Emerging Markets Fund has been awarded the 2020 Money magazine Best of the Best award for International Equities Emerging Markets.
Money magazine selected funds with the highest ratings from Morningstar, Zenith and Lonsec and with a minimum investment amount of $25,000 or less for the category. Funds were then ranked according to their rating by each research house. Research house ratings were then combined with a further filtering process to determine the winner.
For the fourth consecutive year, the Fidelity Australian Equities Fund has been awarded the Best Australian Share Fund in Money magazine’s Best of the Best Awards 2017. Money Magazine selected funds with the highest ratings from Morningstar, Zenith and Lonsec and with a minimum investment amount of $25, 000 or less for the category. Funds were then ranked according to their rating by each research house. Research house ratings were then combined with a further filtering process to determine the winner1.
For the third consecutive year, the Fidelity Australian Equities Fund has been awarded the Best Australian Share Fund in Money magazine’s Best of the Best Awards 2016. Money Magazine selected funds with the highest ratings from Morningstar, Zenith and Lonsec and with a minimum investment amount of $25, 000 or less for the category. Funds were then ranked according to their rating by each research house. Research house ratings were then combined with a further filtering process to determine the winner1.
The Fidelity Australian Equities Fund was a Finalist in the Australian Equities Large Caps sector at the Professional Planner/Zenith Investment Partners Fund Awards. The awards recognise excellence in the application of a fund manager's investment philosophy and process in the management of their respective capability. Zenith follows a robust and comprehensive process for selecting the nominees and assigning the winners of each fund category, and this process builds on Zenith's established fund manager review and rating process2.
For the second consecutive year, the Fidelity Australian Equities Fund has been awarded the Best Australian Share Fund in Money magazine’s Best of the Best Awards 2015. Money Magazine selected funds with the highest ratings from Morningstar, Zenith and Lonsec and with a minimum investment amount of $25, 000 or less for the category. Funds were then ranked according to their rating by each research house. Research house ratings were then combined with a further filtering process to determine the winner1.
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.