Fidelity Australian Equities Fund

Fidelity Australian Equities Fund
Fund fact sheet Invest now

Objective

To achieve returns in excess of the S&P/ASX 200 Accumulation Index over the medium to long term.

A core holding which invests in a diversified selection of around 30 - 50 Australian companies.

Uses a bottom-up stock-selection approach that focuses on undiscovered earnings potential, value and growth.

Conducts regular company, factory and competitor visits to assess business strength, earnings quality and long-term growth outlook.

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.

Key facts

Unit prices (at 23/05/24)
Buy 37.1737 / Sell 37.0623
Unit price history
Buy/sell spread
0.15%/0.15%

At a glance

Management costs1
0.85% p.a.
Fund size (at 23/05/24)
A$5,124.36M
Inception date
30 June 2003
Distribution frequency
Quarterly
Currency
Australian dollar
Benchmark
S&P/ASX 200 Accumulation Index

Unique identifiers

APIR code
FID0008AU
ARSN code
103420088
mFund code
FIL08

Fund manager

Paul Taylor
Australia

Latest fund update

Paul Taylor, recently sat down with Lukasz de Pourbaix for an in-depth discussion around performance and fund positioning. Watch as they cover:

  • Factors impacting performance
  • A deeper dive into IGO, Domino's Pizza, and Suncorp
  • Outlook and positioning
     

Download perspective

Performance2

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: 30 April 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 200 Accumulation Index.

Net returns as at 30 April 2024

Timeframe 1 yr
%
3 yr
% pa
5 yr
% pa
7 yr
% pa
10 yr
% pa
15 yr
% pa
20 yr
% pa
Since inception
(30/06/03) % pa
Fund 5.02 5.40 7.98 7.67 7.75 10.07 10.50 10.89
Benchmark 9.07 7.30 8.00 7.97 7.76 9.34 8.67 9.10
Active return -4.05 -1.90 -0.02 -0.30 -0.01 0.73 1.83 1.79

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 30 April 2024

1 yr
%
3 yr
% pa
5 yr
% pa
7 yr
% pa
10 yr
% pa
15 yr
% pa
20 yr
% pa
Since inception
(30/06/03) % pa
Total return 5.02 5.40 7.98 7.67 7.75 10.07 10.50 10.89
Growth 1.87 - 1.70 2.25 2.98 5.65 5.70 6.26
Income 3.15 7.08 6.28 5.42 4.77 4.41 4.80 4.63

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.

DistributionDistribution (CPU)Reinvestment price
28-Mar-243.0622$37.6750

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. 

Sectors and holdings

As at 30 April 2024

As at 30 April 2024

% total net assets
COMMONWEALTH BANK AUSTRALIA 10.5%
BHP GROUP LTD 9.9%
CSL LTD 6.7%
SUNCORP GROUP LTD 6.0%
MACQUARIE GROUP LTD 5.4%
COLES GROUP LTD 5.2%
GOODMAN GROUP 5.0%
RAMSAY HEALTH CARE LTD 4.2%
RIO TINTO LTD 4.1%
SEEK LTD 4.0%

As at 30 April 2024

Fund % Benchmark % Relative %
SUNCORP GROUP LTD 6.0 0.9 5.1
COLES GROUP LTD 5.2 1.0 4.3
RAMSAY HEALTH CARE LTD 4.2 0.4 3.8
SEEK LTD 4.0 0.4 3.6
IGO LTD 3.1 0.2 2.9

As at 30 April 2024

Fund % Benchmark % Relative %
NATIONAL AUSTRALIA BANK LTD 0.0 4.6 -4.6
WESFARMERS LTD 0.0 3.3 -3.3
FORTESCUE LTD 0.0 1.9 -1.9
WOOLWORTHS GROUP LTD 0.0 1.7 -1.7
TRANSURBAN GROUP 0.0 1.7 -1.7

Fund ratings3

Organisation Rating / Recommendation
Lonsec
Recommended4
The Lonsec report is only available to financial advisers, please contact us for a copy
Morningstar Gold5
Zenith Recommended6

Ways to invest

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. 

3You 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.

4The Lonsec Rating (assigned September 2023) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to "General Advice" (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Fidelity International product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria.

5© 2023 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement (Australian products) or Investment Statement (New Zealand products) before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Some material is copyright and published under licence from ASX Operations Pty Ltd ACN 004 523 782 ("ASXO"). Rating assigned September 2023.

6The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned June 2023) referred to in this document is limited to “General Advice” (as defined by the Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessment’s and at http://www.zenithpartners.com.au/RegulatoryGuidelines