Fact sheet: Fidelity Eur Hi Yld

Fund information
Fund name
Fidelity European High Yield A EUR
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Andrei Gorodilovsince 01/02/2013
Fund objective
Aims to provide high current income and capital growth. At least 70% invested into high-yielding, sub investment grade bonds of issuers that have their head office or a main part of their activity in Western, Central and Eastern Europe (including Russia). Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments may be made in bonds issued in currencies other than the fund’s reference currency. Exposure to currencies may be hedged, for example with currency forward contracts. The reference currency is the currency used for reporting and may be different from the dealing currency. Can invest in bonds issued by governments, companies and other bodies. The types of bonds in which the fund will mainly invest will be subject to high risk and will not be required to meet a minimum rating standard. 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 paid to shareholders out of net investment income for most of the time. The fund seeks to maintain a stable payment per share so far as is reasonable. The payment is not fixed and will vary according to economic and other circumstances, and the ability of the fund to support stable payments without a long-term positive or negative impact on its capital. This may occasionally result in income payment coming out of the capital. 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
  • BofA ML Global High Yield European Issuers Constrained Index (Level 4 20% Capped) Hedged to EUR
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
6.8%
1 Year rank in sector
10/28
Sector
FO Fixed Int - EUR High Yield
Yield
3.6%
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.
1.39%
Fund size
£4,097m (£5,011m 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.
30
Top in this sector
Fund name1 Year
Aberdeen Gbl SelEurHiYdBd26.9%
Pioneer SICV-Eur Hi Yd26.4%
Nordea 1 Europ HgYdBd II8.9%
Schroder ISF EURO Hi Yd8.7%
Oddo CmpsEuHiYdBd7.8%
...more in FO Fixed Int - EUR High Yield

Performance snapshot

Holdings snapshot

  • Europe31.6%
    International21.9%
    UK16.5%
    Germany15.7%
    France6.8%
  • Communications22.6%
    Banks12.6%
    Basic Industries8.5%
    Money Market7.7%
    Cyclical Consumer Goods7.4%
  • European Fixed Interest31.6%
    Global Fixed Interest21.2%
    UK Fixed Interest16.5%
    German Fixed Interest15.7%
    French Fixed Interest6.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%3%6.3%6.8%14.5%50.7%
Sector-0.3%2.7%4.9%6.1%14.3%50.5%
Rank within sector1 / 285 / 285 / 2810 / 2814 / 2411 / 20
Quartile1st1st1st2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund7.3%0.9%2.2%8.8%22.6%
Sector6.1%0.8%3.2%8.3%22.4%
Rank within sector5 / 2814 / 2819 / 249 / 2311 / 21
Quartile1st2nd4th2nd3rd
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.
-0.32
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.
1.05
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.
0.34
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%.
4.72
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.
1.63
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.
-0.04
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.
0.88
Price movement
52 week high10.13
52 week low9.2
Current bid price-
Current offer price-
Current mid price9.9
Region
1Europe31.59%
2International21.9%
3UK16.5%
4Germany15.69%
5France6.83%
6USA4.74%
7Latin America1.69%
8Scandinavia0.85%
9Switzerland0.54%
Industry sector
1Communications22.58%
2Banks12.61%
3Basic Industries8.48%
4Money Market7.7%
5Cyclical Consumer Goods7.38%
6Other Financial6.67%
7Government Bonds6.63%
8Capital Goods6.45%
9Non-Cyclical Consumer Goods5.87%
Asset type
1European Fixed Interest31.59%
2Global Fixed Interest21.18%
3UK Fixed Interest16.5%
4German Fixed Interest15.69%
5French Fixed Interest6.83%
6US Fixed Interest4.74%
7American Emerging Fixed Interest1.69%
8Scandinavian Fixed Interest0.85%
9Swiss Fixed Interest0.54%
Individual holdings
1FIDELITY INSTITUTIONAL LIQUIDITY EUR A ACC6.22%
2LINCOLN FINANCE LTD 6.875% BDS 15/04/21 EUR100001.57%
3TELECOM ITALIA SPA 0% BDS 25/05/26 EUR100000 REG S1.25%
4WIND ACQUISITION FINANCE SA 7.125% BDS 23/04/21 USD200000 144A1.17%
5ALTICE SA 7.25% BDS 15/05/22 EUR100000REG S1.12%
6ALTICE SA 6.25% BDS 15/02/25 EUR1000001.08%
7WIND ACQUISITION FINANCE SA 7% NTS 23/04/21 EUR10001.05%
8AERCAP IRELAND CAP LTD 5% BDS 01/10/21 USD10001.01%
9VIRGIN MEDIA SECURED FINANCE PLC 6.25% BDS 28/03/29 GBP100000REG S1.01%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
Aims to provide high current income and capital growth. At least 70% invested into high-yielding, sub investment grade bonds of issuers that have their head office or a main part of their activity in Western, Central and Eastern Europe (including Russia). Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments may be made in bonds issued in currencies other than the fund’s reference currency. Exposure to currencies may be hedged, for example with currency forward contracts. The reference currency is the currency used for reporting and may be different from the dealing currency. Can invest in bonds issued by governments, companies and other bodies. The types of bonds in which the fund will mainly invest will be subject to high risk and will not be required to meet a minimum rating standard. 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 paid to shareholders out of net investment income for most of the time. The fund seeks to maintain a stable payment per share so far as is reasonable. The payment is not fixed and will vary according to economic and other circumstances, and the ability of the fund to support stable payments without a long-term positive or negative impact on its capital. This may occasionally result in income payment coming out of the capital. 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
  • BofA ML Global High Yield European Issuers Constrained Index (Level 4 20% Capped) Hedged to EUR
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Andrei Gorodilov01/02/2013Andrei Gorodilov joined Fidelity in 2004 as a Senior Credit Analyst. He was promoted to an assistant portfolio manager in 2009 and finally a portfolio manager in 2011. Prior to Fidelity, Andrei gained experience as a credit analyst as CSFB, and started his career with the European Bank for Reconstruction & Development as a financial analyst in 1994. Andrei has a Diploma with Honours in Russian, World History and Educational Methodology from Khabarovsk State, and a postgraduate Masters degree in International Affairs & International Banking and Finance from Columbia University, New York.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V 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, Gulf Cooperation Council, Guernsey, Hong Kong, Hungary, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Peru, Poland, Portugal, Qatar, Singapore, Slovakia, Slovenia, Sweden, Taiwan - Province Of China
Fidelity European High Yield A Acc EUR
Initial charge5.25%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price19.02
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeD812
Fidelity European High Yield A EUR
Initial charge5.25%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price9.901
CurrencyEUR
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFE78
Fidelity European High Yield A Hedged Acc CZK
Initial charge5.25%
Annual charge1%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price1108
CurrencyCZK
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFDRQ
Fidelity European High Yield A Hedged Acc PLN
Initial charge3.5%
Annual charge1%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.85
CurrencyPLN
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE0QZ
Fidelity European High Yield A Hedged Acc SEK
Initial charge5.25%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price267.3
CurrencySEK
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF1UF
Fidelity European High Yield A Hedged Acc USD
Initial charge5.25%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price13.82
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAAIB
Fidelity European High Yield A Hedged MDis SGD
Initial charge5.25%
Annual charge1%
Min single investment£1,000
Min regular saving£2,500
Available in ISANo
Ongoing charge (OCF)1.43%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price0.982
CurrencySGD
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFLAL
Fidelity European High Yield A Hedged MDis USD
Initial charge5.25%
Annual charge1%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price10.3
CurrencyUSD
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF5PF
Fidelity European High Yield A Hedged MDis(G) AUD
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.839
CurrencyAUD
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFUJV
Fidelity European High Yield A Hedged MInc (G) SGD
Initial charge5.25%
Annual charge1%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.033
CurrencySGD
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFX2Z
Fidelity European High Yield A Hedged MInc (G) USD
Initial charge5.25%
Annual charge1%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.27
CurrencyUSD
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFX3A
Fidelity European High Yield A Hedged MInc(G) HKD
Initial charge5.25%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.43%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price94.99
CurrencyHKD
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFJBJ
Fidelity European High Yield A MDis EUR
Initial charge5.25%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price11.45
CurrencyEUR
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA2D2
Fidelity European High Yield A MDis SGD
Initial charge5.25%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price0.786
CurrencySGD
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA2B1
Fidelity European High Yield A MInc (G) EUR
Initial charge5.25%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price9.721
CurrencyEUR
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF8TB
Fidelity European High Yield A MInc EUR
Initial charge5.25%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price10.8
CurrencyEUR
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNBH1
Fidelity European High Yield D Acc EUR
Initial charge3%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.45
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8JH
Fidelity European High Yield D MDis EUR
Initial charge3%
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.37
CurrencyEUR
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE84H
Fidelity European High Yield E Acc EUR
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price37.46
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC7A4
Fidelity European High Yield E MDis EUR
Initial charge-
Annual charge1%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.89%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price11.82
CurrencyEUR
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0MZ1
Fidelity European High Yield I Acc EUR
Initial charge1%
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.69%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price118.1385
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFB1O
Fidelity European High Yield I Hedged MDis USD
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.09
CurrencyUSD
Price updated22/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFUJW
Fidelity European High Yield I QDis EUR
Initial charge1%
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.69%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.2
CurrencyEUR
Price updated22/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFAMR
Fidelity European High Yield 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)0.89%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price20.39
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFL0
Fidelity European High Yield Y EUR
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.23
CurrencyEUR
Price updated22/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFCHB
Fidelity European High Yield Y Hedged Acc CHF
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.54
CurrencyCHF
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFSVJ
Fidelity European High Yield Y Hedged Acc CZK
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1058
CurrencyCZK
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFVZJ
Fidelity European High Yield Y Hedged Acc GBP
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.095
CurrencyGBP
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFP4I
Fidelity European High Yield Y Hedged Acc SEK
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.7
CurrencySEK
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFVZK
Fidelity European High Yield Y Hedged Acc USD
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.81
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFSVI
Fidelity European High Yield Y Hedged MDis USD
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.34
CurrencyUSD
Price updated22/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFX3B
Fidelity European High Yield Y Hedged MInc (G) SGD
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.038
CurrencySGD
Price updated22/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFX3C
Fidelity European High Yield Y QDis EUR
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price10.54
CurrencyEUR
Price updated22/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF39O
Data provided by

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