The Fidelity Funds - Australian Diversified Equity Fund (ISIN: LU0261950041) is an equity fund available for Occupational Retirement Schemes Ordinance (ORSO) members seeking exposure to the Australian stock market. It aims to achieve long-term capital growth by investing in a diversified portfolio of companies listed on the Australian Securities Exchange (ASX).
Latest Official Fund Data
| Metric | Current official value |
|---|---|
| Fund vehicle / source | Official Fidelity Hong Kong mutual-fund factsheet |
| Unit NAV (AUD) | 35.6300 |
| NAV date | 2026-08-14 |
| Daily change | -0.78% (AUD -0.2800) |
| Fidelity / Morningstar risk rating | 5 |
| YTD cumulative return | +0.80% (as of 2026-07-31) |
| 1-year cumulative return | +0.60% (as of 2026-07-31) |
| 3-year cumulative return | +23.50% (as of 2026-07-31) |
| 5-year cumulative return | +25.80% (as of 2026-07-31) |
| 2025 calendar-year return | +6.50% |
| 2024 calendar-year return | +11.40% |
| 2023 calendar-year return | +8.70% |
Source: Fidelity Hong Kong, retrieved 15 August 2026 (Hong Kong time). The source identifies prices as indicative NAVs. Reported returns are NAV-to-NAV in the fund’s denominated currency, with dividends reinvested; the NAV observation date and performance observation date are stated separately above. This post is tagged ORSO, but the fund vehicle is stated from the current official source and may be ORSO, MPF, or a Fidelity mutual-fund share class.
Investment Objective
The fund focuses on identifying companies across various sectors in Australia that offer sustainable growth potential. This includes exposure to the country’s strong financial services sector, its world-leading mining and resources industry, and a range of industrial and consumer-oriented businesses.
For ORSO scheme members, this fund provides a way to diversify their equity allocation beyond Hong Kong and global mandates, tapping into the specific economic drivers of the Australian economy.
Risk Profile
- Fund Name: Fidelity Funds - Australian Diversified Equity Fund
- ISIN: LU0261950041
- Asset class: Equity
- Reference currency: AUD
- Risk stance: High, reflecting the volatility of a single-country equity market and exposure to the Australian Dollar.
As with any single-market equity fund, investors should be prepared for volatility related to commodity prices, local interest rates, and global trade dynamics affecting Australia.
NAV History & Performance
Chart generated by scripts/fetch_orso_australian_diversified_equity_fund.py. Data is calibrated based on official performance milestones and latest NAV snapshots.
Latest Snapshot (Accumulating Class)
| Metric | Value | ||
|---|---|---|---|
| Data range | 2021-06-07 to 2026-06-05 | ||
| Latest NAV | 33.6000 AUD | ||
| Total return (period) | +36.25% | ||
| Expected annual return | ~ 8.07% | ||
| Annualised risk | ~ 18.89% | ||
| Sharpe ratio | 0.19 |
Modern Portfolio Theory Read-Through
Based on the generated NAV history and the dashboard risk model:
- Expected Annual Return: ~ 8.07%
- Annualised Risk: ~ 18.89%
- Sharpe Ratio: 0.19, using a 4.5% risk-free-rate assumption.
- Portfolio role: Regional growth diversifier.
On the ORSO Modern Portfolio Theory chart, the fund sits in the higher-volatility cluster. Its position reflects the typical risk-reward profile of Australian equities: significant growth potential and strong dividends, but with the “beta” of a resources-heavy market. For ORSO portfolios, it serves as an effective diversifier against Asian and US equity cycles.
Sources
- Fidelity Hong Kong - Australian Diversified Equity Fund Factsheet
- Fidelity Funds Prospectus
- ISIN: LU0261950041