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 December 2019
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 yr % | 23.18 | 23.40 | -0.22 |
| 3 yr % pa | 9.66 | 10.26 | -0.60 |
| 5 yr % pa | 8.67 | 8.97 | -0.30 |
| 7 yr % pa | 10.61 | 10.02 | 0.59 |
| 10 yr % pa | 8.82 | 7.86 | 0.96 |
| 15 yr % pa | 10.31 | 8.03 | 2.28 |
| Since inception (30/06/03) % pa | 11.94 | 9.60 | 2.34 |
| 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 | 23.18 | 9.66 | 8.67 | 10.61 | 8.82 | 10.31 | 11.94 |
| Benchmark | 23.40 | 10.26 | 8.97 | 10.02 | 7.86 | 8.03 | 9.60 |
| Active return | -0.22 | -0.60 | -0.30 | 0.59 | 0.96 | 2.28 | 2.34 |
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 December 2019
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 December 2019
| Total return | Growth | Income | |
|---|---|---|---|
| 1 yr % | 23.18 | 19.07 | 4.11 |
| 3 yr % pa | 9.66 | 6.41 | 3.25 |
| 5 yr % pa | 8.67 | 5.39 | 3.28 |
| 7 yr % pa | 10.61 | 7.21 | 3.4 |
| 10 yr % pa | 8.82 | 5.45 | 3.37 |
| 15 yr % pa | 10.31 | 6.34 | 3.97 |
| Since inception (30/06/03) % pa | 11.94 | 7.91 | 4.03 |
| 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 | 23.18 | 9.66 | 8.67 | 10.61 | 8.82 | 10.31 | 11.94 |
| Growth | 19.07 | 6.41 | 5.39 | 7.21 | 5.45 | 6.34 | 7.91 |
| Income | 4.11 | 3.25 | 3.28 | 3.4 | 3.37 | 3.97 | 4.03 |
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 December 2019
As at 31 December 2019
| % total net assets | |
|---|---|
| COMMONWEALTH BANK AUSTRALIA | 9.1% |
| BHP GROUP LTD | 8.1% |
| CSL LTD | 7.6% |
| AUSTRALIA & N ZEAL BKG GRP LTD | 5.5% |
| SUNCORP GROUP LTD | 5.2% |
| WESTPAC BANKING CORP | 5.1% |
| MACQUARIE GROUP LTD | 4.1% |
| SEEK LTD | 4.0% |
| GOODMAN GROUP | 3.9% |
| RAMSAY HEALTH CARE LTD | 3.7% |
As at 31 December 2019
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| SUNCORP GROUP LTD | 5.2 | 0.9 | 4.3 |
| SEEK LTD | 4.0 | 0.4 | 3.5 |
| DOMINOS PIZZA ENTERPRISES LTD | 3.6 | 0.2 | 3.4 |
| OIL SEARCH LIMITED | 3.6 | 0.5 | 3.1 |
| RAMSAY HEALTH CARE LTD | 3.7 | 0.6 | 3.1 |
As at 31 December 2019
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| NATIONAL AUSTRALIA BANK LTD | 0.0 | 4.0 | - 4.0 |
| WOOLWORTHS GROUP LTD | 0.0 | 2.7 | - 2.7 |
| WESFARMERS LTD | 0.0 | 2.6 | - 2.6 |
| TRANSURBAN GROUP | 0.0 | 2.2 | - 2.2 |
| WOODSIDE PETROLEUM LTD | 0.0 | 1.8 | - 1.8 |
| 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
The future looks well-valued
There is a modern maxim generally attributed to Bill Gates that states that most people overestimate what they can do in one year and underestimate what they can get done in ten years. I think this is also true of investments and markets...
The outlook for Australian equities
2019 has been a curious time for markets. Investor confidence is low but markets continue to rise. It's quite a disconnect. For investors that are holding quite high levels of cash, fear of loosing out is making way for fear of missing out as Australian equities continue to perform.
The year in review: 2018-2019
In the last year, headwinds became crosswinds but what we all want to know is when will we see tailwinds in Australia, both in markets and more broadly. Our investment experts review of the last financial year, and outlook going into 2020.
Low Growth High Volatility
Even though the environment feels negative the equity market continues to rise. This is because many of the issues we've been worrying about have already been factored into the market. 'Fear of Loss' is transitioning into 'Fear of Missing Out'.
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
The future looks well-valued
There is a modern maxim generally attributed to Bill Gates that states that most people overestimate what they can do in one year and underestimate what they can get done in ten years. I think this is also true of investments and markets...
The outlook for Australian equities
2019 has been a curious time for markets. Investor confidence is low but markets continue to rise. It's quite a disconnect. For investors that are holding quite high levels of cash, fear of loosing out is making way for fear of missing out as Australian equities continue to perform.
The year in review: 2018-2019
In the last year, headwinds became crosswinds but what we all want to know is when will we see tailwinds in Australia, both in markets and more broadly. Our investment experts review of the last financial year, and outlook going into 2020.
Low Growth High Volatility
Even though the environment feels negative the equity market continues to rise. This is because many of the issues we've been worrying about have already been factored into the market. 'Fear of Loss' is transitioning into 'Fear of Missing Out'.
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
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.