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 2021
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 yr % | 39.54 | 37.47 | 2.07 |
| 3 yr % pa | 10.68 | 9.65 | 1.03 |
| 5 yr % pa | 10.04 | 10.25 | -0.21 |
| 7 yr % pa | 8.12 | 7.70 | 0.42 |
| 10 yr % pa | 9.20 | 7.95 | 1.25 |
| 15 yr % pa | 8.15 | 6.34 | 1.81 |
| Since inception (30/06/03) % pa | 11.57 | 9.24 | 2.33 |
| 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 | 39.54 | 10.68 | 10.04 | 8.12 | 9.20 | 8.15 | 11.57 |
| Benchmark | 37.47 | 9.65 | 10.25 | 7.70 | 7.95 | 6.34 | 9.24 |
| Active return | 2.07 | 1.03 | -0.21 | 0.42 | 1.25 | 1.81 | 2.33 |
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 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 March 2021
| Total return | Growth | Income | |
|---|---|---|---|
| 1 yr % | 39.54 | 31.06 | 8.48 |
| 3 yr % pa | 10.68 | 6.07 | 4.61 |
| 5 yr % pa | 10.04 | 6 | 4.04 |
| 7 yr % pa | 8.12 | 4.35 | 3.77 |
| 10 yr % pa | 9.2 | 5.41 | 3.79 |
| 15 yr % pa | 8.15 | 4.37 | 3.78 |
| Since inception (30/06/03) % pa | 11.57 | 7.39 | 4.18 |
| 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 | 39.54 | 10.68 | 10.04 | 8.12 | 9.2 | 8.15 | 11.57 |
| Growth | 31.06 | 6.07 | 6 | 4.35 | 5.41 | 4.37 | 7.39 |
| Income | 8.48 | 4.61 | 4.04 | 3.77 | 3.79 | 3.78 | 4.18 |
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 28 February 2021
As at 28 February 2021
| % total net assets | |
|---|---|
| BHP GROUP LTD | 10.8% |
| COMMONWEALTH BANK AUSTRALIA | 10.0% |
| CSL LTD | 7.5% |
| COLES GROUP LTD | 4.5% |
| SUNCORP GROUP LTD | 4.4% |
| SEEK LTD | 4.1% |
| DOMINOS PIZZA ENTERPRISES LTD | 4.0% |
| GOODMAN GROUP | 3.9% |
| MACQUARIE GROUP LTD | 3.9% |
| AUSTRALIA & N ZEAL BKG GRP LTD | 3.7% |
As at 28 February 2021
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| SUNCORP GROUP LTD | 4.4 | 0.7 | 3.7 |
| DOMINOS PIZZA ENTERPRISES LTD | 4.0 | 0.3 | 3.7 |
| SEEK LTD | 4.1 | 0.5 | 3.6 |
| COLES GROUP LTD | 4.5 | 1.1 | 3.4 |
| RAMSAY HEALTH CARE LTD | 3.7 | 0.7 | 3.1 |
As at 28 February 2021
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| NATIONAL AUSTRALIA BANK LTD | 0.0 | 4.3 | -4.3 |
| WESFARMERS LTD | 0.0 | 3.0 | -3.0 |
| WOOLWORTHS GROUP LTD | 0.2 | 2.7 | -2.5 |
| FORTESCUE METALS GROUP LTD | 0.0 | 2.2 | -2.2 |
| TRANSURBAN GROUP | 0.0 | 1.9 | -1.9 |
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 31-Dec-20 | 0.0000 | $0.000 |
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(80.80KB)
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
Hear Paul’s insights into Australian markets, companies and his fund by subscribing to his regular update.
Thank you. You have been subscribed and will receive a confirmation email shortly.
Related insights
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.
Coronavirus strikes (part 3)
In this third part of my ‘Coronavirus strikes’ series, I thought I’d summarise what’s happened to date, consider the implications of synchronised monetary and fiscal stimulus, provide an overview of reporting season and examine how the world may change, post recovery.
A tale of two stocks: compounding, leadership vision, sticky networks
Fidelity's top stock picker Paul Taylor reflects on the common traits of two early additions to the Australian equity strategy, which he’s headed since it kicked off in 2003. At first glance the companies bear little resemblance – one a fast food retailer, the other a jobs website. But Paul saw a few commonalities...
Year in review: Australian equities
In a year that will be remembered for severe drought, large-scale bushfires, concerns about waning global growth, ongoing, prolonged US-China trade dispute and a pandemic, Australian equities has been quite resilient. Paul Taylor recaps the year that was in his annual 'Year in review'.
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
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.
Coronavirus strikes (part 3)
In this third part of my ‘Coronavirus strikes’ series, I thought I’d summarise what’s happened to date, consider the implications of synchronised monetary and fiscal stimulus, provide an overview of reporting season and examine how the world may change, post recovery.
A tale of two stocks: compounding, leadership vision, sticky networks
Fidelity's top stock picker Paul Taylor reflects on the common traits of two early additions to the Australian equity strategy, which he’s headed since it kicked off in 2003. At first glance the companies bear little resemblance – one a fast food retailer, the other a jobs website. But Paul saw a few commonalities...
Year in review: Australian equities
In a year that will be remembered for severe drought, large-scale bushfires, concerns about waning global growth, ongoing, prolonged US-China trade dispute and a pandemic, Australian equities has been quite resilient. Paul Taylor recaps the year that was in his annual 'Year in review'.
Past insights from Paul
- Coronavirus strikes: Part 2 - April 2020(130.13KB)
- Coronavirus strikes: Part 1 - March 2020(129.13KB)
- 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 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.