Fact sheet: Fidelity € Bal

Fund information
Fund name
Fidelity Euro Balanced A EUR
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Eugene Philalithissince 01/05/2013
  • Nick Peterssince 20/01/2014
  • Alexandra Hartmannsince 01/03/2016
  • David Simnersince 01/03/2016
Fund objective
Aims to generate current income and long-term growth of capital and income. At least 70% invested in shares of companies and bonds denominated in Euro. Invests at least 30% and a maximum of 60% of the total assets in shares of companies. The remainder (minimum 40%, maximum 70%) is invested in bonds. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can invest in bonds issued by governments, companies and other bodies. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
No data available.
Investment style
Balanced
Investment method
Mixed
Quick stats
1 Year return
1.4%
1 Year rank in sector
120/132
Sector
FO Mixed Asset - Balanced
Yield
0.8%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.41%
Fund size
£1,080m (£1,110m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
67
Top in this sector
Fund name1 Year
Templeton Emg Mkts Bal41.8%
Capital Group EMTOpL28.4%
HSBC Pfl World Seltn 327.6%
Oasis Crs Gbl Low EqBal22.5%
Morg Stnly Gbl Bal Inc21.8%
...more in FO Mixed Asset - Balanced

Performance snapshot

Holdings snapshot

  • Europe ex UK60%
    International34.4%
    Money Market5.5%
  • Equities60%
    Fixed Interest34.4%
    Others5.5%
  • Europe ex UK Equities60%
    Global Fixed Interest34.4%
    Money Market5.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%0.3%1.2%1.4%18.8%70.6%
Sector0.3%4.3%5.5%6%11.8%29.9%
Rank within sector31 / 144129 / 138126 / 137120 / 13219 / 1111 / 89
Quartile1st4th4th4th1st1st
Calendar performance
 YTD - 20162015201420132012
Fund-2.1%8.5%7.8%13.2%23.1%
Sector4.7%-0.3%4.7%7.5%7.6%
Rank within sector128 / 1342 / 12530 / 11518 / 1041 / 93
Quartile4th1st2nd1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
1.42
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.22
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.36
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
8.87
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
5.66
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.39
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.61
Price movement
52 week high18.29
52 week low15.96
Current bid price-
Current offer price-
Current mid price17.14
Region
1Europe ex UK60%
2International34.4%
3Money Market5.5%
Industry sector
1Equities60%
2Fixed Interest34.4%
3Others5.5%
Asset type
1Europe ex UK Equities60%
2Global Fixed Interest34.4%
3Money Market5.5%
Individual holdings
1ITALY(REPUBLIC OF) 4.5% BDS 01/03/24 EUR10006.18%
2UNILEVER NV3.98%
3SAP SE3.25%
4SPAIN(KINGDOM OF) 2.75% BDS 31/10/24 EUR10003.12%
5ROYAL DUTCH SHELL2.84%
6BAYER AG2.49%
7IBERDROLA SA2.16%
8INMARSAT2.01%
9FIDELITY INSTITUTIONAL LIQUIDITY EUR A ACC1.9%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
Aims to generate current income and long-term growth of capital and income. At least 70% invested in shares of companies and bonds denominated in Euro. Invests at least 30% and a maximum of 60% of the total assets in shares of companies. The remainder (minimum 40%, maximum 70%) is invested in bonds. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can invest in bonds issued by governments, companies and other bodies. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
No data available.
Investment style
Balanced
Investment method
Mixed
Fund managers
NameSinceBiography
Eugene Philalithis01/05/2013Eugene Philalithis joined Fidelity in 2007 as a Portfolio Manager, with a focus on fixed income and alternatives. Eugene manages a number of multi asset funds with internal and open architecture for both retail and institutional clients. He has currently 17 years of investment experience which includes Russell Investment in London and Canadian Imperial Bank of Commerce in Singapore. Eugene has a Bachelor or Engineering and an MBA, both from Imperial College, London.
Nick Peters20/01/2014Nick Peters is Portfolio Manager in the Investment Solutions Group. Nick has 20 years of industry experience and joined Fidelity in 2012. Prior to joining Fidelity, Nick was a member of the multi-manager team at Barclays Wealth, responsible for UK and European Equities. He joined Barclays in 2010 from BAE Systems Pension Fund where he was responsible for the fund's external managers across asset classes. Prior to joining BAE Systems in 2009, Nick was an Equity Portfolio Manager at Henderson Global Investors. He was a Director within the Multi Strategy Equity team. He joined AMP Asset Management (which later merged with Henderson) in 1993. Nick holds a BA (Hons) in Economics and Statistics from Exeter University and is a Fellow of the Institute of Chartered Accountants in England & Wales (ICAEW).
Alexandra Hartmann01/03/2016Alexandra Hartmann is an experienced fund manager with a good performance record managing German and Swiss equity funds. Her process is research intensive and follows a stockpicking approach with a quality bias. She returned to managing this Swiss fund in June 2004 after a break of three and a half years, having previously been responsible for the fund for four and a half years from May 1997.
David Simner01/03/2016David Simner joined Fidelity in 1996, having previously started in the industry for NatWest Markets in 1995. His first eight years at Fidelity were as a quantitative analyst within the fixed income team and then, in 2004, he became Director of Quantitative Research in London. In 2007, David was promoted to the role of portfolio manager. In addition to being the manager of Fidelity's main European fixed income range since 2009, David has also had responsibility for the global fixed income range since 2007. He also leads the weekly Euro Bond strategy meeting. David is a Chartered Engineer and holds a B.Sc from Imperial College of Science and Technology in London.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, Switzerland, Chile, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Hong Kong, Hungary, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Peru, Portugal, Qatar, Singapore, Slovakia, Sweden, Taiwan - Province Of China
Fidelity Euro Balanced A Acc EUR
Initial charge5.25%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.41%
Total expense ratio (TER)1.42%
Bid price-
Offer price-
Mid price15.08
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG850
Fidelity Euro Balanced A EUR
Initial charge5.25%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.41%
Total expense ratio (TER)1.42%
Bid price-
Offer price-
Mid price17.14
CurrencyEUR
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFE62
Fidelity Euro Balanced A Hedged Acc USD
Initial charge3.5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.44%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.09
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFJ3P
Fidelity Euro Balanced E Acc EUR
Initial charge-
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price13.57
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC6Z5
Fidelity Euro Balanced Y Acc EUR
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price16.05
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFL5
Data provided by

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