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 31 March 2018
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 yr % | 2.12 | 2.54 | -0.42 |
| 3 yr % pa | 3.63 | 3.76 | -0.13 |
| 5 yr % pa | 8.44 | 7.66 | 0.78 |
| 7 yr % pa | 8.56 | 7.23 | 1.33 |
| 10 yr % pa | 7.12 | 5.35 | 1.77 |
| Since inception (30/06/03) % pa | 11.77 | 9.15 | 2.62 |
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
Since inception (30/06/03) % pa |
|---|---|---|---|---|---|---|
| Fund | 2.12 | 3.63 | 8.44 | 8.56 | 7.12 | 11.77 |
| Benchmark | 2.54 | 3.76 | 7.66 | 7.23 | 5.35 | 9.15 |
| Active return | -0.42 | -0.13 | 0.78 | 1.33 | 1.77 | 2.62 |
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: 31 March 2018
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 31 March 2018
| Total return | Growth | Income | |
|---|---|---|---|
| 1 yr % | 2.12 | -0.76 | 2.88 |
| 3 yr % pa | 3.63 | 0.58 | 3.05 |
| 5 yr % pa | 8.44 | 5.19 | 3.25 |
| 7 yr % pa | 8.56 | 5.12 | 3.44 |
| 10 yr % pa | 7.12 | 3.75 | 3.37 |
| Since inception (30/06/03) % pa | 11.77 | 7.67 | 4.1 |
| 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
Since inception (30/06/03) % pa |
|
|---|---|---|---|---|---|---|
| Total return | 2.12 | 3.63 | 8.44 | 8.56 | 7.12 | 11.77 |
| Growth | -0.76 | 0.58 | 5.19 | 5.12 | 3.75 | 7.67 |
| Income | 2.88 | 3.05 | 3.25 | 3.44 | 3.37 | 4.1 |
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 31 March 2018
As at 31 March 2018
| % total net assets | |
|---|---|
| COMMONWEALTH BANK AUSTRALIA | 8.3% |
| BHP BILLITON LTD | 6.7% |
| AUSTRALIA & N ZEAL BKG GRP LTD | 6.5% |
| SUNCORP GROUP LTD | 6.1% |
| WESTPAC BANKING CORP | 5.5% |
| RIO TINTO LTD | 5.0% |
| CSL LTD | 4.6% |
| MACQUARIE GROUP LTD | 3.8% |
| WESFARMERS LTD | 3.6% |
| SEEK LTD | 3.6% |
As at 31 March 2018
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| SUNCORP GROUP LTD | 6.1 | 1.1 | 4.9 |
| SEEK LTD | 3.6 | 0.4 | 3.1 |
| RIO TINTO LTD | 5.0 | 1.9 | 3.1 |
| SYDNEY AIRPORT | 3.5 | 1.0 | 2.6 |
| GOODMAN LIMITED | 3.4 | 0.9 | 2.5 |
As at 31 March 2018
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| WOOLWORTHS GROUP LTD | 0.0 | 2.2 | - 2.2 |
| NATIONAL AUSTRALIA BANK LTD | 3.0 | 5.0 | - 2.0 |
| WOODSIDE PETROLEUM LTD | 0.0 | 1.8 | - 1.8 |
| TRANSURBAN LTD | 0.0 | 1.6 | - 1.6 |
| SCENTRE GROUP LTD | 0.0 | 1.3 | - 1.3 |
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 31-Mar-18 | 15.698104 | $30.6567 |
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.
Related insights
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.
2The 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.
Why this fund
Highest possible ratings from professional research houses Morningstar and Zenith.4,5
A diversified portfolio with a consistent rigorous investment approach.
The same highly experienced portfolio manager since 2003 backed by one of the largest analyst teams in Australia.
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.
From the desk of Paul Taylor
Hear Paul’s insights into Australian markets, companies and his fund by subscribing to his regular update.
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Download past insights from Paul
Awards6
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.
The Fidelity Australian Equities Fund has been awarded the Best Australian Share Fund in Money magazine’s Best of the Best Awards 2014. 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.
2The 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.