The Fund seeks to achieve a return that exceeds the Benchmark over the medium to long term.

Benefits of investing in the Fidelity Wholesale Plus Australian Equities Fund

Some of the benefits that may arise from an investment in the Fund include the following:

• Potential to earn higher returns than the Fund's benchmark, the S&P/ASX 200 Accumulation Index, over the suggested timeframe.

• Access to a bottom-up, professionally managed core portfolio of Australian shares.

• Access to the investment knowledge and expertise of the Manager's global network of investment professionals who can assess Australian companies in a global context.

• Access to a portfolio of shares that may provide regular income distributions.

The Fidelity Wholesale Plus Australian Equities Fund (the Fund) is appropriate for a consumer:
− seeking to achieve long term capital growth and some income.
− intending to access the Fund through an Investor Directed Portfolio Service (IDPS), IDPS-like scheme or a 
nominee or custody service, a managed account or any other service or platform approved by us (collectively 
referred to as an 'Investment Service') or through a superannuation fund. The Fund isn’t open to direct 
investors;
− intending to use the investment in the Fund as a core component, minor or satellite allocation within a 
portfolio;
− who has an investment timeframe of at least 6 years
− who has a 'High' risk/return profile
− seeking the ability to make daily withdrawal requests and for withdrawal proceeds to be paid typically within 
10 Business Days 

About the Fund

The Fund will invest into the Fidelity Australian Equities Fund APIR FID0008AU (Underlying Fund), which is an actively managed portfolio of Australian shares.

Some of the features of the Fund include the following:

• Access to an actively managed portfolio of Australian shares.

• 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 ability for the Manager to call on the research of a dedicated team of Australian analysts based in Sydney and regional analysts based around the world, from where Australian companies operating in global industries are analysed.

How we invest your money

The Underlying Fund invests in a diversified selection of around 30 to 50 Australian companies. The Manager believes that markets are semi-efficient and share prices do not always reflect inherent value. Through in-house, bottom-up company research, the Manager aims to uncover the opportunities that it believes offer the greatest scope for outperformance. Based on this research approach, the Manager seeks out stocks that it believes are undervalued and likely to generate growth. The companies selected for the portfolio must demonstrate good management, strong competitive advantages and enjoy favourable industry dynamics.

The asset allocation of the Underlying Fund is:

• Australian shares: 90-100%

• Cash: 0-10%