FHCO
Actively managedAustralian SharesFidelity Australian High Conviction Active ETF
About this ETF
The Fund provides investors with the potential for long-term capital growth and some income by investing in a concentrated portfolio of listed Australian shares. Fidelity believes that markets are semi-efficient and share prices don’t always reflect inherent value. Through in-house, bottom-up company research, Fidelity aims to uncover the opportunities that it believes offer the greatest scope for outperformance.
IssuerFidelity
Management fee (MER)0.85% p.a.
Inception date3 Jun 2024
BenchmarkS&P/ASX 200 TR AUD
Scout Score
46/100
Ranked #14 of 23 in active Australian SharesAn independent score calculated by ETF Scout across 6 real-data factors (cost, diversification, liquidity, fund strength, performance, income), ranked against other actively-managed funds in the same category. Tracking isn't scored, since active funds don't target an index.
Cost55
Diversification—
Liquidity29
Fund Strength19
Performance—
Income100
Strengths
- Attractive yield — 31.53%, higher than 100% of active Australian Shares peers.
Weaknesses
- Small fund — $3M in assets, smaller than 81% of active Australian Shares funds, which can mean wider spreads.
- Lower liquidity — 0.47% bid/ask spread, wider than 71% of active Australian Shares peers.