Investment objective
To achieve returns in excess of the S&P/ASX 200 Mid Small Index over the suggested minimum investment time period of five to seven years.
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.
Key facts
Fund performance2
Net returns as at 31 March 2018
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 yr % | 22.52 | 14.08 | 8.44 |
| 3 yr % pa | 11.83 | 11.25 | 0.58 |
| 5 yr % pa | - | - | - |
| Since inception (22/07/13) % pa | 14.44 | 12.12 | 2.32 |
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
Since inception (22/07/13) % pa |
|---|---|---|---|---|
| Fund | 22.52 | 11.83 | - | 14.44 |
| Benchmark | 14.08 | 11.25 | - | 12.12 |
| Active return | 8.44 | 0.58 | - | 2.32 |
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 Mid Small 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 Future Leaders Fund in July 2013 compared with $10,000 invested in the S&P/ ASX 200 Mid Small Index.
Chart as at: 31 March 2018
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 Mid Small Index.
Net as at 31 March 2018
| Total return | Growth | Income | |
|---|---|---|---|
| 1 yr % | 22.52 | 20.89 | 1.63 |
| 3 yr % pa | 11.83 | 10.11 | 1.72 |
| 5 yr % pa | - | - | - |
| Since inception (22/07/13) % pa | 14.44 | 12.79 | 1.65 |
| 1 yr % |
3 yr % pa |
5 yr % pa |
Since inception (22/07/13) % pa |
|
|---|---|---|---|---|
| Total return | 22.52 | 11.83 | - | 14.44 |
| Growth | 20.89 | 10.11 | - | 12.79 |
| Income | 1.63 | 1.72 | - | 1.65 |
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 Mid Small Index.
Sectors, holdings and distributions
As at 31 March 2018
As at 31 March 2018
| % total net assets | |
|---|---|
| RESMED INC | 4.8% |
| COCHLEAR LTD | 4.7% |
| EVOLUTION MINING LTD | 3.5% |
| ALTIUM LTD | 3.4% |
| REA GROUP LTD | 3.1% |
| BLUESCOPE STL LTD | 3.1% |
| CORPORATE TRAVEL MANAGEMNT LTD | 3.0% |
| ANSELL LTD | 2.9% |
| STAR ENTERTAINMENT GRP LTD/THE | 2.8% |
| NETWEALTH GROUP LIMITED | 2.7% |
As at 31 March 2018
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| RESMED INC | 4.8 | 1.6 | 3.1 |
| ALTIUM LTD | 3.4 | 0.6 | 2.8 |
| NETWEALTH GROUP LIMITED | 2.7 | 0.2 | 2.6 |
| EVOLUTION MINING LTD | 3.5 | 1.1 | 2.5 |
| CORPORATE TRAVEL MANAGEMNT LTD | 3.0 | 0.5 | 2.5 |
As at 31 March 2018
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| TABCORP HLDG LTD | 0.0 | 2.3 | - 2.3 |
| SEEK LTD | 0.4 | 1.7 | - 1.3 |
| BENDIGO AND ADELAIDE BANK LTD | 0.0 | 1.2 | - 1.2 |
| ILUKA RES LTD | 0.0 | 1.2 | - 1.2 |
| SPARK INFRASTRUCTURE COMPANY 3 | 0.0 | 1.1 | - 1.1 |
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 31-Mar-18 | 0.000000 | $17.5915 |
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.
Related insights
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.
2The returns shown have been calculated using the net asset value of the Fund from one period to the next. The returns include any re-invested distributions and are after fees and expenses. 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. For periods greater than one year returns have been annualised.
Why this fund
Seeks to capture Australian large-caps of tomorrow, today.
An actively managed portfolio of 40 to 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.
Meet James Abela
Portfolio manager of the Future Leaders Fund describes his unique investment process and why he believes this process will provide more consistent returns to investors.
From the desk of James Abela
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Download past insights from James
- From the desk of James - March 2018(136.85KB)
- From the desk of James - December 2017(242.78KB)
- From the desk of James - September 2017(198.83KB)
- From the desk of James - April 2017(204.59KB)
- From the desk of James - December 2016(198.43KB)
- From the desk of James - August 2016(185.89KB)
- From the desk of James - May 2016(198.14KB)
- From the desk of James - February 2016(200.61KB)
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.
2The returns shown have been calculated using the net asset value of the Fund from one period to the next. The returns include any re-invested distributions and are after fees and expenses. 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. For periods greater than one year returns have been annualised.