Investment objective
To deliver returns in line with the S&P/ASX 300 Accumulation Index, but with lower absolute volatility over the medium to long term. Volatility is measured by standard deviation of returns.
A diversified core portfolio of circa 60-80 Australian companies. It aims to achieve long-term capital growth with lower risk than the market.
Leverages insights from Fidelity's extensive global research platform, and uses quantitative risk tools to build an optimal portfolio.
Seeks to maintain a risk level typically 20% lower than the S&P ASX 300 Accumulation Index.
Key facts
Fund performance2
Net returns as at 30 April 2022
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 mth % | 1.00 | -0.84 | 1.84 |
| 3 mth % | 5.67 | 8.22 | -2.55 |
| 6 mth % | 0.18 | 3.36 | -3.18 |
| Since inception (15/10/21) % pa | -0.19 | 2.93 | -3.12 |
| Timeframe | 1 mth % |
3 mth % |
6 mth % |
Since inception (15/10/21) % pa |
|---|---|---|---|---|
| Fund | 1.00 | 5.67 | 0.18 | -0.19 |
| Benchmark | -0.84 | 8.22 | 3.36 | 2.93 |
| Active return | 1.84 | -2.55 | -3.18 | -3.12 |
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 300 Accumulation Index.
Net as at 30 April 2022
| Total return | Growth | Income | |
|---|---|---|---|
| 1 mth % | 1 | 0.85 | 0.15 |
| 3 mth % | 5.67 | 5.51 | 0.16 |
| 6 mth % | 0.18 | 0.02 | 0.16 |
| Since inception (15/10/21) % pa | -0.19 | -0.35 | 0.16 |
| 1 mth % |
3 mth % |
6 mth % |
Since inception (15/10/21) % pa |
|
|---|---|---|---|---|
| Total return | 1 | 5.67 | 0.18 | -0.19 |
| Growth | 0.85 | 5.51 | 0.02 | -0.35 |
| Income | 0.15 | 0.16 | 0.16 | 0.16 |
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 300 Accumulation Index.
Sectors, holdings and distributions
As at 30 April 2022
As at 30 April 2022
| % total net assets | |
|---|---|
| WOOLWORTHS GROUP LTD | 3.6% |
| COLES GROUP LTD | 3.6% |
| CSL LTD | 3.5% |
| RAMSAY HEALTH CARE LTD | 3.4% |
| BHP GROUP LTD | 3.4% |
| COCHLEAR LTD | 3.4% |
| TELSTRA CORP LTD | 3.4% |
| MEDIBANK PVT LTD | 3.3% |
| COMMONWEALTH BANK AUSTRALIA | 3.2% |
| TREASURY WINE ESTATES LTD | 3.0% |
As at 30 April 2022
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| MEDIBANK PVT LTD | 3.3 | 0.4 | 2.9 |
| RAMSAY HEALTH CARE LTD | 3.4 | 0.7 | 2.8 |
| COCHLEAR LTD | 3.4 | 0.7 | 2.7 |
| METCASH LTD | 2.9 | 0.2 | 2.7 |
| TREASURY WINE ESTATES LTD | 3.0 | 0.4 | 2.7 |
As at 30 April 2022
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| BHP GROUP LTD | 3.4 | 10.7 | -7.3 |
| COMMONWEALTH BANK AUSTRALIA | 3.2 | 7.8 | -4.6 |
| WESTPAC BANKING CORP | 0.0 | 3.7 | -3.7 |
| AUSTRALIA & N ZEAL BKG GRP LTD | 0.0 | 3.4 | -3.4 |
| WESFARMERS LTD | 0.0 | 2.5 | -2.5 |
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 31-Mar-22 | 1.4588 | $9.8668 |
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
- Fund fact sheet(68.89KB)
- Product Disclosure Statement(1.93MB)
- Fund flyer(337.40KB)
- Additional Information Booklet
- Application form(908.62KB)
- Target Market Determination (TMD)
Fund ratings3
Morningstar 2020 Australia Fund Manager of the Year3
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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.
3Morningstar Awards 2020 ©. Morningstar, Inc. All Rights Reserved. Awarded to Fidelity International for Morningstar 2020 Australia Fund Manager of the Year.
Why this fund
Designed to help 'smooth the ride' it aims to reduce the effect of negative markets, leading to more consistent returns.
Uses a combination of quantitative (backward looking) and fundamental analysis (forward looking) to asses the risk profile of a stock and build its portfolio.
Active management leveraging the expertise of over 400 investment professionals around the world.
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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.
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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.
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.
3Morningstar Awards 2020 ©. Morningstar, Inc. All Rights Reserved. Awarded to Fidelity International for Morningstar 2020 Australia Fund Manager of the Year.