Fidelity Australian High Conviction Active ETF (FHCO) Review & Analysis

MER · #422 of 514AUM · #482 of 5081Y Return · #381 of 426

What's new this monthData to 30 September 2026

−3.2% in September (total return), behind the median Australian shares ETF at −2.1%.
The unit price closed the month at $6.13, near its 12-month low (range $5.99 to $9.02).

About FHCO

FHCO is an Australian shares ETF from Fidelity, listed on the ASX since June 2024. With $2.6m under management it is number 78 of 81 Australian shares ETFs by size. The management fee is 0.85% a year, about $85 on every $10,000 invested, dearer than the typical Australian shares ETF at 0.35%.

Over the past year it returned −8.7%, against +1.6% for the median Australian shares ETF.

FHCO distributions and dividend dates

The latest distribution was $0.0275 per unit (0% franked), ex-distribution on 1 October 2026 and paid on 13 October 2026. To receive it you need to own FHCO before the ex-date.

Its distribution yield over the past 12 months is about 30.4%. Distributions vary and past payments are not a guide to future ones.

From ASX announcements, updated nightly. See every ETF in the dividend calendar.

Compare FHCO Check overlap Fidelity website ↗

Compare FHCO with

FHCOvsAEAE

Australian Ethical High Conviction Fund - Active ETF

Fee	0.85%	0.69%
1 year	−8.7%	−9.6%
5 yrs p.a.	–	–
Size	$2.6m	$11m

Same holdingsNo holdings data

Full comparison →

FHCOvsVHY

Vanguard Australian Shares High Yield ETF

Fee	0.85%	0.25%
1 year	−8.7%	+12.0%
5 yrs p.a.	–	+10.2%
Size	$2.6m	$8.2bn

Same holdingsNo holdings data

Full comparison →

FHCOvsSYI

State Street SPDR MSCI Australia Select High Dividend Yield ETF

Fee	0.85%	0.20%
1 year	−8.7%	+14.8%
5 yrs p.a.	–	+9.5%
Size	$2.6m	$739m

Same holdingsNo holdings data

Full comparison →

FHCOvsRDV

Russell Investments High Dividend Australian Shares ETF

Fee	0.85%	0.34%
1 year	−8.7%	+1.9%
5 yrs p.a.	–	+7.0%
Size	$2.6m	$342m

Same holdingsNo holdings data

Full comparison →

FHCO price by TradingView

Stock Code	FHCO
Fund Manager	Fidelity
Asset Class	Australian shares
AUM	$2.6m
MER (%)	0.85%
Net flows (Sep)	+$0.1m
Last Price	$6.13
52-Week Range	$5.99 – $9.02
Bid/Ask Spread	0.36%
Listing Date	03/06/2024
Exchange	ASX
Index	None: actively managed. See the PDS for its benchmark
Issuer website	Fidelity ↗

Performance (% return)

1 month−3.2%

1 year−8.7%

3 years p.a.–

5 years p.a.–

$10,000 invested…

1 year ago$9,129

Value at 30 September 2026 with distributions reinvested, before tax and brokerage.

Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.

FHCO at a glance: strengths and things to watch

👍 Strengths

Nothing stands out against its category.

⚠️ Things to watch

Higher fee. At 0.85% a year it costs more than 77% of Australian shares ETFs (median 0.35%), or about $50 a year more on every $10,000.
Small fund. With $2.6m under management, it is more at risk of being closed or merged than larger funds, and trading can be thinner.
Wider trading spread. 0.36% between the buy and sell price. Use a limit order.
Short track record. Listed in June 2024, so it hasn't been tested through a full market cycle.

Worked out from FHCO's fees, size, flows, returns and trend against the 83 Australian shares ETFs in Australia, to 30 September 2026. General information, not a recommendation.

etfadviserTrend check

Base since 15 Oct 2026

FHCO is in a base. Here's why that matters.

FHCO's moving averages are tangled and the price is moving sideways. The trend hasn't picked a direction yet.

Why it matters: Bases are where the next big move starts. A breakout can begin a new uptrend, while a breakdown can start a long fall. Buying a satellite before the breakout often means waiting months for nothing to happen.

At ETF Adviser the core of a portfolio stays invested through every stage, and satellite ETFs are only bought in an uptrend. Members get a weekly update on which ETFs are breaking out of a base and which trends have broken.

Get the weekly trend updates: try it free for 30 days How base and trend works →See every ETF's stage →Visit etfadviser.com.au →

UptrendBaseDowntrend

FHCO weekly price, past 12 months, shaded by trend stage. Stage as at 7 November 2026, updated weekly. A technical label, not a recommendation.

Investment Focus

Exposure Regions

Australia

Themes & Sectors

Active ETFs

Similar ETFs

Code	Name	Same holdings	MER	AUM	1Y	3Y p.a.	5Y p.a.
AEAE	Australian Ethical High Conviction Fund - Active ETF Active	–	0.69%	$11m	−9.6%	+4.5%	–
VHY	Vanguard Australian Shares High Yield ETF	–	0.25%	$8.2bn	+12.0%	+13.5%	+10.2%
SYI	State Street SPDR MSCI Australia Select High Dividend Yield ETF	–	0.20%	$739m	+14.8%	+13.6%	+9.5%
RDV	Russell Investments High Dividend Australian Shares ETF	–	0.34%	$342m	+1.9%	+11.7%	+7.0%
HYLD	Betashares S&P Australian Shares High Yield ETF	–	0.25%	$117m	+11.2%	–	–
ZYAU	Global X S&P/ASX 200 High Dividend ETF	–	0.24%	$100m	+10.7%	+12.4%	+4.8%

Same holdings is the share of FHCO's money in companies the other ETF also holds, weighted by size. No other ETF shares much with FHCO, so these are ETFs in the same category. See every ETF like FHCO →

FHCO vs its closest alternatives

What actually differs between FHCO and the ETFs most like it. Data to 30 Sep 2026.

AEAE Australian Ethical High Conviction Fund - Active ETF

AEAE is cheaper (0.69% vs 0.85%), worth about $10,089 on $100,000 over 20 years.
Over 1 year: FHCO −8.7%, AEAE −9.6% (FHCO ahead by 0.9 percentage points).
AEAE is about 4 times larger ($11m vs $2.6m), which usually means tighter trading spreads.

Compare FHCO and AEAE side by side →

VHY Vanguard Australian Shares High Yield ETF

VHY is cheaper (0.25% vs 0.85%), worth about $39,368 on $100,000 over 20 years.
Over 1 year: FHCO −8.7%, VHY +12.0% (VHY ahead by 20.7 percentage points).
VHY is much larger ($8.2bn vs $2.6m), which usually means tighter trading spreads.
Different structure: FHCO is actively managed, VHY is a standard fund.

Compare FHCO and VHY side by side →

SYI State Street SPDR MSCI Australia Select High Dividend Yield ETF

SYI is cheaper (0.20% vs 0.85%), worth about $42,843 on $100,000 over 20 years.
Over 1 year: FHCO −8.7%, SYI +14.8% (SYI ahead by 23.5 percentage points).
SYI is much larger ($739m vs $2.6m), which usually means tighter trading spreads.
Different structure: FHCO is actively managed, SYI is a standard fund.

Compare FHCO and SYI side by side →

General information only. Past performance is not a reliable indicator of future performance.

FHCO FAQs

What is the fee for FHCO?

FHCO charges a management fee (MER) of 0.85% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is FHCO?

FHCO had $2.6m in funds under management as at 30 September 2026.

How has FHCO performed?

FHCO returned −8.7% over the year to 30 September 2026 (total return, including distributions). Past performance is not a reliable indicator of future performance.

Who manages FHCO?

FHCO is managed by Fidelity and has been listed since June 2024.

Disclaimer

This review is general information only and does not take into account your objectives, financial situation or needs. Consider the Fidelity product disclosure statement (PDS) and target market determination (TMD) before investing. Past performance is not a reliable indicator of future performance.