Fact sheet: Fidelity Euro Bond

Fund information
Fund name
Fidelity Euro Bond A EUR
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • David Simnersince 19/03/2009
Fund objective
Aims to provide relatively high income with the possibility of capital growth. At least 70% invested in bonds denominated in Euro. 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. 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 reinvested in additional shares or paid to shareholders on request. 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 Euro Large Cap
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
1.9%
1 Year rank in sector
38/65
Sector
FO Fixed Int - EUR Investment Grade
Yield
1.7%
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.
1.05%
Fund size
£1,585m (£1,197m 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.
72
Top in this sector
Fund name1 Year
Capital Group ECorpBdLUX23.3%
Capital Group EBdFL21.1%
Russell IC II Euro FI19%
Pimco GIS Euro Income Bond5%
BlackRock GF Eu Corp Bd4%
...more in FO Fixed Int - EUR Investment Grade

Performance snapshot

Holdings snapshot

  • International29.8%
    UK24.1%
    Europe11.7%
    France11.3%
    USA9.9%
  • Government Bills38.4%
    Banks35.3%
    Insurance6.7%
    Non-Cyclical Consumer Goods5.5%
    Utilities2.7%
  • Global Fixed Interest29.8%
    UK Fixed Interest24.1%
    European Fixed Interest11.7%
    French Fixed Interest11.3%
    US Fixed Interest9.9%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2%-4%-1%1.9%15.1%33.8%
Sector-1.6%-3%-0.4%2.5%12%34.4%
Rank within sector59 / 6554 / 6539 / 6538 / 6515 / 6211 / 49
Quartile4th4th3rd3rd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund2.5%0.1%12.3%2.1%12.5%
Sector2.8%-0.2%8.9%3.4%15.2%
Rank within sector31 / 6528 / 6410 / 6219 / 539 / 49
Quartile2nd2nd1st2nd1st
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.
0.07
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.
1.2
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.
0.26
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%.
4.32
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.
1.61
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.
0.5
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.
0.89
Price movement
52 week high14.1
52 week low13.29
Current bid price-
Current offer price-
Current mid price13.45
Region
1International29.84%
2UK24.05%
3Europe11.71%
4France11.27%
5USA9.89%
6Switzerland6.52%
7Germany5.8%
8Middle East/ Africa1.04%
9Others0.01%
Industry sector
1Government Bills38.35%
2Banks35.32%
3Insurance6.7%
4Non-Cyclical Consumer Goods5.48%
5Utilities2.74%
6Basic Industries2.71%
7Capital Goods2.57%
8Communications2.22%
9Cyclical Consumer Goods1.87%
Asset type
1Global Fixed Interest29.8%
2UK Fixed Interest24.05%
3European Fixed Interest11.71%
4French Fixed Interest11.27%
5US Fixed Interest9.89%
6Swiss Fixed Interest6.52%
7German Fixed Interest5.8%
8Middle East & African Fixed Interest1.04%
9Money Market-0.08%
Individual holdings
1SPAIN(KINGDOM OF) 2.75% BDS 31/10/24 EUR10009.44%
2ITALY(REPUBLIC OF) 4.5% BDS 01/03/24 EUR10007.84%
3IRELAND(REPUBLIC OF) 1% TR BDS 15/05/26 EUR16.57%
4FRANCE(GOVT OF) 0.5% BDS 25/05/26 EUR13.37%
5COOPERATIEVE RABOBANK UA 6.875% MTN 19/03/20 EUR10002.14%
6NATIONWIDE BUILDING SOCIETY 4.125% MTN 20/03/23 EUR1000001.88%
7INTESA SANPAOLO SPA 1.125% BDS 04/03/22 EUR1000001.85%
8FRANCE OAT 3.25% BDS 25/05/45 EUR11.78%
9NETHERLANDS(KINGDOM OF) 0.5% BDS 15/07/26 EUR10001.74%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
Aims to provide relatively high income with the possibility of capital growth. At least 70% invested in bonds denominated in Euro. 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. 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 reinvested in additional shares or paid to shareholders on request. 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 Euro Large Cap
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
David Simner19/03/2009David 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, 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, Sweden, Taiwan - Province Of China
Fidelity Euro Bond A Acc EUR
Initial charge5.25%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price15.36
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeD816
Fidelity Euro Bond A EUR
Initial charge5.25%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price13.45
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFJ12
Fidelity Euro Bond A Hedged Acc HUF
Initial charge5.25%
Annual charge0.75%
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 price3142
CurrencyHUF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE05O
Fidelity Euro Bond A Hedged Acc USD
Initial charge5.25%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.17
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFJ3S
Fidelity Euro Bond E Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price28.68
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC7A0
Fidelity Euro Bond I Acc EUR
Initial charge1%
Annual charge0.4%
Min single investment£10,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.18
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1QV
Fidelity Euro Bond MDIST A EUR
Initial charge5.25%
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price11.26
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA2D3
Fidelity Euro Bond Y Acc EUR
Initial charge-
Annual charge0.38%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)0.67%
Bid price-
Offer price-
Mid price15.57
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFK9
Fidelity Euro Bond Y Acc USD
Initial charge-
Annual charge0.38%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.911
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE05N
Fidelity Euro Bond Y Dis EUR
Initial charge-
Annual charge0.38%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.21
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeBMLM
Fidelity Euro Bond Y Hedged Acc USD
Initial charge-
Annual charge0.38%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.49
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFVZI
Data provided by

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