A diversified portfolio of 40-70 small-to mid-cap Australian companies.
Uses a rigorous bottom-up stock selection process that focuses on finding attractively valued companies with strong competitive positioning and sound company management.
A strong emphasis on building a diversified and balanced portfolio that aims to deliver more consistent returns through different market cycles.
Seeks to capture Australian large-caps of tomorrow, today.
An actively managed portfolio of 40-70 small to mid-cap Australian shares.
Offers investors a unique approach to portfolio construction which aims to deliver consistent returns through different market cycles.
See for yourself how the fund has performed since inception. The chart below represents the value now of $10,000 invested in the Fidelity Future Leaders Fund in July 2013 compared with $10,000 invested in the S&P/ S&P/ASX Mid Small Index.
Chart as at: 31 July 2025
Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Total 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 taxation or for any fees charged by operators of master trusts or wrap accounts through which the products are offered. Returns of more than one year are annualised. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Growth return is the unit price movement on exit to exit basis. Income is expressed as Total Return less growth component. Benchmark: S&P/ASX Mid Small Index.
Net returns as at 31 July 2025
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
Since inception (22/07/13) % pa |
|---|---|---|---|---|---|---|
| Fund | 17.63 | 14.59 | 9.17 | 8.90 | 11.17 | 11.65 |
| Benchmark | 14.20 | 9.60 | 10.51 | 7.70 | 9.74 | 9.75 |
| Active return | 3.43 | 4.99 | -1.34 | 1.20 | 1.43 | 1.90 |
Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Total 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 taxation or for any fees charged by operators of master trusts or wrap accounts through which the products are offered. Returns of more than one year are annualised. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Growth return is the unit price movement on exit to exit basis. Income is expressed as Total Return less growth component. Benchmark: S&P/ASX Mid Small Index.
Net as at 31 July 2025
| 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
Since inception (22/07/13) % pa |
|
|---|---|---|---|---|---|---|
| Total return | 17.63 | 14.59 | 9.17 | 8.90 | 11.17 | 11.65 |
| Growth | 0.05 | 7.87 | 4.29 | 5.17 | 7.94 | 8.53 |
| Income | 17.58 | 6.72 | 4.88 | 3.74 | 3.23 | 3.12 |
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. Total 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 taxation or for any fees charged by operators of master trusts or wrap accounts through which the products are offered. Returns of more than one year are annualised. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Growth return is the unit price movement on exit to exit basis. Income is expressed as Total Return less growth component. Benchmark: S&P/ASX Mid Small Index.
| Distribution | Distribution (CPU) | Reinvestment price | Ex-distribution exit price |
|---|---|---|---|
| 30-Jun-2025 | 432.8659 | $25.6904 | $25.6262 |
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.
As at 31 July 2025
As at 31 July 2025
| % total net assets | |
|---|---|
| ALS LTD | 5.8% |
| HUB24 LTD | 5.4% |
| NETWEALTH GROUP LIMITED | 4.8% |
| TECHNOLOGY ONE LIMITED | 4.8% |
| SGH LTD | 4.5% |
| CHARTER HALL GROUP | 4.1% |
| LIFE360 INC | 4.0% |
| FISHER & PAYKEL HEALTHCARE CORP | 3.7% |
| PINNACLE INVESTMENT MANAGEMENT GROUP LTD | 3.6% |
| ORICA LTD | 3.5% |
As at 31 July 2025
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| ALS LTD | 5.8 | 1.5 | 4.4 |
| NETWEALTH GROUP LIMITED | 4.8 | 0.8 | 4.1 |
| HUB24 LTD | 5.4 | 1.4 | 4.0 |
| PINNACLE INVESTMENT MANAGEMENT GROUP LTD | 3.6 | 0.7 | 2.9 |
| SGH LTD | 4.5 | 1.7 | 2.8 |
As at 31 July 2025
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| VICINITY CENTRES | 0.0 | 1.6 | -1.6 |
| QUBE HOLDINGS LTD | 0.0 | 1.3 | -1.3 |
| DEXUS | 0.0 | 1.3 | -1.3 |
| RAMSAY HEALTH CARE LTD | 0.0 | 1.2 | -1.2 |
| BENDIGO AND ADELAIDE BANK LTD | 0.0 | 1.1 | -1.1 |
| Organisation | Rating / Recommendation |
|---|---|
| Lonsec |
Recommended4
The Lonsec report is only available to financial advisers, please contact us for a copy
|
| Morningstar | Silver5 |
| Zenith | Highly Recommended6 |
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.
1 Management fees and costs are current as at the date shown above but may be subject to change in the future. Management fees and costs include management fees, estimated indirect costs, the net effect of GST and exclude abnormal expenses, transaction costs and any performance fee payable.
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.
