LIB - Fidelity Australian Equities Fund Open - Managed Fund

Fund Objective

An investment approach driven by fundamental research that favours companies with superior management, a competitive edge, sound balance sheet, strong free cash flow and low gearing. The Fund invests in a diversified selection of around 30 to 50 listed Australian companies.

Fund Strategy

Fund Performance Comparison

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}

Peers

Benchmark ({{ fund.benchmark.name }})

{{ fund.model.name }}

The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

Fees Comparison

% p.a.

Average of peers ({{ fund.benchmark.peers.peerCount }})

NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	2.29%	4.85%	2.63%	9.93%	7.51%	7.12%	6.74%	-%
Growth return	-99.99%	-99.99%	-99.99%	-99.99%	-98.88%	-94.89%	-82.81%	-%
Income return	102.28%	104.84%	102.62%	109.92%	106.39%	102.01%	89.55%	-%
Market index (S&P/ASX 200 TR AUD)
Total return	4.11%	7.34%	4.07%	16.19%	13.02%	12.22%	10.78%	10.76%

As at 28 Feb 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

LIB - Fidelity Australian Equities Fund Open

Australian Equities: 99.68%

Cash: 0.32%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 95.85%

Cash: -1.01%

International Equities: 4.24%

Property & Infrastructure: 1.26%

Fixed Interest: -0.33%

Alternatives: -0.02%

General Information

Fund Details

Type	Description
Fund Name	LIB - Fidelity Australian Equities Fund Open
Responsible Entity	Australian Unity Limited
APIR Code	LIF0704AU
Sector/Asset Class	Equity Australia Large Blend
Morningstar Rating	(as at 28 Feb 2026)
Legal Structure	Investment Fund
Fund Inception	26 Jul 2016
Fund Size	$35.29 million (as at 31 Jan 2026)
Entry Price	$1.7754 (as at 27 Feb 2026)
Exit Price	$1.7754 (as at 27 Feb 2026)
Fund Status	Open

Offer information

Type	Description
MER	1.27% (as at 22 Jul 2025)
Indirect Cost Ratio (ICR) - Estimated	1.27% (as at 30 Jun 2025) (Estimated)
Minimum initial investment	$1,000.00
Minimum additional investments	$100.00

Top 10 holdings (as at 31 Jan 2026)

Holding (as at 31 Jan 2026)	Type	% of Portfolio
BHP Group Ltd		12.34%
Login now to view the complete list of holdings.

Your guide to next steps

Dealing with a struggling fund? What to Do and Look For

Your managed fund switching checklist. Is fear of capital gains tax holding you back?

The Great Investment Fee Scam is hiding in plain sight. And it's ripping us all off.

Guide to tidying up your Portfolio Manager holdings

FAQs about the LIB - Fidelity Australian Equities Fund Open

What is the objective of the LIB - Fidelity Australian Equities Fund Open managed fund?

The objective of the LIB - Fidelity Australian Equities Fund Open managed fund is An investment approach driven by fundamental research that favours companies with superior management, a competitive edge, sound balance sheet, strong free cash flow and low gearing. The Fund invests in a diversified selection of around 30 to 50 listed Australian companies.

What is the strategy for the LIB - Fidelity Australian Equities Fund Open managed fund?

The strategy of the LIB - Fidelity Australian Equities Fund Open managed fund is An investment approach driven by fundamental research that favours companies with superior management, a competitive edge, sound balance sheet, strong free cash flow and low gearing. The Fund invests in a diversified selection of around 30 to 50 listed Australian companies.

What is the APIR code of the LIB - Fidelity Australian Equities Fund Open managed fund?

The APIR code of the LIB - Fidelity Australian Equities Fund Open managed fund is LIF0704AU.

What was LIB - Fidelity Australian Equities Fund Open’s total return last month?

LIB - Fidelity Australian Equities Fund Open’s total return last month was 2.29%. This was made up of a growth return of -99.99% and an income return of 102.28%. These returns were calculated as at 28 Feb 2026.

What was LIB - Fidelity Australian Equities Fund Open’s total return for the last three months?

LIB - Fidelity Australian Equities Fund Open’s total return for the last three months was 4.85%. This was made up of a growth return of -99.99% and an income return of 104.84%%. These returns were calculated as at 28 Feb 2026.

What is LIB - Fidelity Australian Equities Fund Open’s one-year total return?

LIB - Fidelity Australian Equities Fund Open’s one-year total return is 9.93%. This was made up of a growth return of -99.99% and an income return of 109.92%. These returns were calculated as at 28 Feb 2026.

What is LIB - Fidelity Australian Equities Fund Open’s three-year total return?

LIB - Fidelity Australian Equities Fund Open’s one-year total return is 7.12%. This was made up of a growth return of -94.89% and an income return of 102.01%. These returns were calculated as at 28 Feb 2026.

What is the asset allocation of the LIB - Fidelity Australian Equities Fund Open managed fund?

The asset allocation of the LIB - Fidelity Australian Equities Fund Open managed fund is :

Australian Equities: 99.68%

Cash: 0.32%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the LIB - Fidelity Australian Equities Fund Open managed fund?

The Responsible Entity for the LIB - Fidelity Australian Equities Fund Open managed fund is Australian Unity Limited.

What sector/asset class does the LIB - Fidelity Australian Equities Fund Open managed fund belong to?

The LIB - Fidelity Australian Equities Fund Open managed fund belongs to the Equity Australia Large Blend sector/asset class.

What is the size of the LIB - Fidelity Australian Equities Fund Open managed fund?

As at 31 Jan 2026, the size of the LIB - Fidelity Australian Equities Fund Open managed fund was $35.29 million.

What is the inception date of the LIB - Fidelity Australian Equities Fund Open managed fund?

The LIB - Fidelity Australian Equities Fund Open managed fund has an inception date of 26 Jul 2016.

What is the current entry price of the LIB - Fidelity Australian Equities Fund Open managed fund?

The current entry price of the LIB - Fidelity Australian Equities Fund Open managed fund is $1.7754 per unit and the current exit price is $1.7754 per unit (as at 27 Feb 2026).

What is the current exit price of the LIB - Fidelity Australian Equities Fund Open managed fund?

The current exit price of the LIB - Fidelity Australian Equities Fund Open managed fund is $1.7754 per unit and the current entry price is $1.7754 per unit (as at 27 Feb 2026).

What is the minimum investment amount for the LIB - Fidelity Australian Equities Fund Open managed fund?

The minimum initial investment amount for the LIB - Fidelity Australian Equities Fund Open managed fund is $1,000. Minimum additional investment is $100.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

What our members say about us