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 May 2021
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 yr % | 31.90 | 28.23 | 3.67 |
| 3 yr % pa | 10.93 | 9.95 | 0.98 |
| 5 yr % pa | 10.12 | 10.11 | 0.01 |
| 7 yr % pa | 8.88 | 8.21 | 0.67 |
| 10 yr % pa | 10.16 | 8.82 | 1.34 |
| 15 yr % pa | 8.76 | 6.91 | 1.85 |
| Since inception (30/06/03) % pa | 11.93 | 9.49 | 2.44 |
| 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 | 31.90 | 10.93 | 10.12 | 8.88 | 10.16 | 8.76 | 11.93 |
| Benchmark | 28.23 | 9.95 | 10.11 | 8.21 | 8.82 | 6.91 | 9.49 |
| Active return | 3.67 | 0.98 | 0.01 | 0.67 | 1.34 | 1.85 | 2.44 |
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 May 2021
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 May 2021
| Total return | Growth | Income | |
|---|---|---|---|
| 1 yr % | 31.9 | 24.28 | 7.62 |
| 3 yr % pa | 10.93 | 6.44 | 4.49 |
| 5 yr % pa | 10.12 | 6.17 | 3.95 |
| 7 yr % pa | 8.88 | 5.15 | 3.73 |
| 10 yr % pa | 10.16 | 6.37 | 3.79 |
| 15 yr % pa | 8.76 | 4.95 | 3.81 |
| Since inception (30/06/03) % pa | 11.93 | 7.76 | 4.17 |
| 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 | 31.9 | 10.93 | 10.12 | 8.88 | 10.16 | 8.76 | 11.93 |
| Growth | 24.28 | 6.44 | 6.17 | 5.15 | 6.37 | 4.95 | 7.76 |
| Income | 7.62 | 4.49 | 3.95 | 3.73 | 3.79 | 3.81 | 4.17 |
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 May 2021
As at 31 May 2021
| % total net assets | |
|---|---|
| COMMONWEALTH BANK AUSTRALIA | 11.1% |
| BHP GROUP LTD | 9.6% |
| CSL LTD | 7.6% |
| WESTPAC BANKING CORP | 4.5% |
| SUNCORP GROUP LTD | 4.5% |
| DOMINOS PIZZA ENTERPRISES LTD | 4.5% |
| MACQUARIE GROUP LTD | 4.3% |
| SEEK LTD | 4.2% |
| GOODMAN GROUP | 4.2% |
| AUSTRALIA & N ZEAL BKG GRP LTD | 4.0% |
As at 31 May 2021
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| DOMINOS PIZZA ENTERPRISES LTD | 4.5 | 0.3 | 4.1 |
| SUNCORP GROUP LTD | 4.5 | 0.7 | 3.8 |
| SEEK LTD | 4.2 | 0.5 | 3.7 |
| MINERAL RES LTD | 3.5 | 0.4 | 3.2 |
| IGO LTD | 3.0 | 0.3 | 2.7 |
As at 31 May 2021
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| NATIONAL AUSTRALIA BANK LTD | 0.0 | 4.4 | -4.4 |
| WESFARMERS LTD | 0.0 | 3.1 | -3.1 |
| TRANSURBAN GROUP | 0.0 | 1.9 | -1.9 |
| FORTESCUE METALS GROUP LTD | 0.0 | 1.9 | -1.9 |
| RIO TINTO LTD | 0.9 | 2.3 | -1.3 |
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 5.0913 | $36.7175 |
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.
Fund downloads
- Additional Information
- Fund flyer(750.79KB)
- Product Disclosure Statement(106.77KB)
- Application form(653.34KB)
- Fund fact sheet(80.52KB)
Fund ratings3
| Organisation | Rating / Recommendation |
|---|---|
| Lonsec |
Rated4
The Lonsec report is only available to financial advisers, please contact us for a copy |
| Morningstar | Gold5 |
| Zenith | Recommended6 |
Morningstar 2020 Australia Fund Manager of the Year7
From the desk of Paul Taylor
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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
Australia and Japan: The unsung heros of Asia
Fidelity’s experts take a closer look at some of Asia's unsung heroes to understand what it is they offer and what they can tell us about the future of the region.
Podcast: The real workhorse of Asia Pacific
China might dominate headlines but there's a lot more to Asia Pacific than a single country. We're talking developed economies with well-established capital markets benefiting from proximity to the world's productivity powerhouses with special guest Paul Taylor.
2021: The outlook for Australian equities
When we look back to this period in five years’ time, we will view it as an excellent time to have invested in the market, despite the uncertainty and volatility we may see over the near term.
The rate that stops the nation
In a result that was easier to predict than today’s Melbourne Cup winner, Reserve Bank of Australia (RBA) Governor Philip Lowe has today announced a raft on conventional and unconventional measures to help support the economy through the devastation that has been caused by the COVID-19 recession.
Past insights from Paul
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- Equity market volatility - November 2018(241.65KB)
- Celebrating 15 years - August 2018(232.34KB)
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Awards6
The Fidelity Global Emerging Markets Fund has been awarded the 2021 Money magazine Best of the Best award for International Equities Emerging Markets3 for the second year in a row.
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.
The Fidelity Global Emerging Markets Fund has been awarded the 2020 Money magazine Best of the Best award for International Equities Emerging Markets3.
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 winner3.
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 winner3.
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 process8.
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.