The Fidelity Funds - Australian Diversified Equity Fund A-ACC-AUD page has been refreshed from Fidelity Funds’ April 2026 Hong Kong Extract Prospectus. The PDF fund description is for Australian Diversified Equity Fund.
Investment Objective
The fund aims to achieve capital growth over the long term and provide income.
Investment Policy
The fund invests at least 70% of its assets, in equities of companies of any capitalisation that are listed, headquartered, or do most of their business in Australia. The fund may also invest in Australian corporate hybrid and debt securities if the Invest ment Manager believes they offer better investment opportunities than the related equity. The fund may also invest in money market instruments on an ancillary basis. The fund may invest in the following assets according to the percentages indicated: below investment grade bonds: up to 20% corporate bonds of any credit quality listed in the Australian stock exchange: up to 30% collateralised and securitised debt instruments: up to 20% hybrids and contingent convertible bonds (CoCos): less than 30%, with less than 20% in CoCos The funds largest ten holdings may account for 50% or more of its assets, resulting in portfolio concentration. The fund will have a mixture of investments in larger, medium and smaller sized companies.
Investment Process
In actively managing the fund, the Investment Manager considers growth and valuation metrics, company financials, return on capital, cash flows and other measures, as well as company management, industry, economic conditions, and other factors. The Investment Manager takes into account Sustainability Risks in its investment process. For more information, see Sustainable Investing and ESG Integration.
Derivatives and Techniques
The fund may use derivatives for hedging, efficient portfolio management and investment purposes. As well as investing directly in equity and fixed income securities, the fund will also achieve exposure indirectly through the use of derivatives. To enhance the income of the fund, derivatives (such as options) may be used to generate additional income. The types of financial derivative instrument that will be used include index, basket or single name futures, options and contracts for difference referencing equities or bonds. Options used will include put and call options including covered call options. The generation of additional income for example, through covered call options may impact the funds potential for capital growth, particularly in periods of rapidly rising markets where capital gains may be lower when compared with an equivalent uncovered portfolio. In addition to core derivatives (see How the Funds Use Instruments and Techniques), the fund intends to use TRS. TRS (including CFD) usage Expected 0%; maximum 10%. Securities lending Expected 15%; maximum 30%. Repos/reverse repos Expected 0%; maximum 30%.
Benchmark
S&P ASX 200 Index. Used for: investment selection, risk monitoring, and performance comparison. The fund invests in securities of the benchmark, however, the management of the fund is discretionary, therefore the fund may invest in securities not included in the benchmark, and its performance over any period may or may not deviate significantly from that of the benchmark.
Base Currency
AUD.
Main Risks
- Asset allocation
- CoCo bonds
- Concentration
- Convertible securities
- Counterparty and collateral
- Credit
- Currency
- Derivatives
- Equities
- Hedging
- High yield
- Liquidity
- Market
- Operational
- Securitisation
- Small and mid cap
Risk Management Method
Commitment.
Source
- Fidelity Funds, April 2026 Hong Kong Extract Prospectus:
data/fidelity/pr.ff.HK-en.HK.pdf