A core holding which invests in a diversified selection of around 30 - 50 Australian companies.
Uses a bottom-up stock-selection approach that focuses on undiscovered earnings potential, value and growth.
Conducts regular company, factory and competitor visits to assess business strength, earnings quality and long-term growth outlook.
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.
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.
Paul Taylor, recently sat down with Lukasz de Pourbaix for an in-depth discussion around performance and fund positioning. Watch as they cover:
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: 30 June 2024
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 returns as at 30 June 2024
Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
15 yr % pa |
20 yr % pa |
Since inception (30/06/03) % pa |
---|---|---|---|---|---|---|---|---|
Fund | 5.89 | 3.93 | 6.74 | 8.26 | 7.78 | 9.77 | 10.28 | 10.82 |
Benchmark | 12.10 | 6.37 | 7.26 | 8.67 | 8.06 | 9.09 | 8.53 | 9.12 |
Active return | -6.21 | -2.44 | -0.52 | -0.41 | -0.28 | 0.68 | 1.75 | 1.70 |
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 30 June 2024
1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
15 yr % pa |
20 yr % pa |
Since inception (30/06/03) % pa |
|
---|---|---|---|---|---|---|---|---|
Total return | 5.89 | 3.93 | 6.74 | 8.26 | 7.78 | 9.77 | 10.28 | 10.82 |
Growth | 2.71 | - | 0.53 | 2.80 | 3.01 | 5.37 | 5.49 | 6.23 |
Income | 3.18 | 6.98 | 6.21 | 5.45 | 4.77 | 4.40 | 4.79 | 4.59 |
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.
Distribution | Distribution (CPU) | Reinvestment price |
---|---|---|
30-Jun-24 | 223.2154 | $34.6466 |
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 30 June 2024
As at 30 June 2024
% total net assets | |
---|---|
COMMONWEALTH BANK AUSTRALIA | 11.5% |
BHP GROUP LTD | 9.9% |
CSL LTD | 6.3% |
MACQUARIE GROUP LTD | 6.2% |
SUNCORP GROUP LTD | 5.9% |
COLES GROUP LTD | 5.7% |
GOODMAN GROUP | 5.4% |
RAMSAY HEALTH CARE LTD | 4.0% |
RIO TINTO LTD | 3.7% |
SEEK LTD | 3.7% |
As at 30 June 2024
Fund % | Benchmark % | Relative % | |
---|---|---|---|
SUNCORP GROUP LTD | 5.9 | 1.0 | 5.0 |
COLES GROUP LTD | 5.7 | 1.0 | 4.7 |
RAMSAY HEALTH CARE LTD | 4.0 | 0.4 | 3.6 |
SEEK LTD | 3.7 | 0.3 | 3.4 |
MACQUARIE GROUP LTD | 6.2 | 3.2 | 3.0 |
As at 30 June 2024
Fund % | Benchmark % | Relative % | |
---|---|---|---|
NATIONAL AUSTRALIA BANK LTD | 0.0 | 4.9 | -4.9 |
WESFARMERS LTD | 0.0 | 3.2 | -3.2 |
TELSTRA GROUP LTD | 0.0 | 1.8 | -1.8 |
WOOLWORTHS GROUP LTD | 0.0 | 1.8 | -1.8 |
TRANSURBAN GROUP | 0.0 | 1.7 | -1.7 |
Organisation | Rating / Recommendation |
---|---|
Lonsec |
Recommended4
The Lonsec report is only available to financial advisers, please contact us for a copy |
Morningstar | Gold5 |
Zenith | 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.
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.