Fact sheet: Fidelity European Value

Fund information
Fund name
Fidelity European Value A Acc EUR
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Panos Theofilopoulossince 30/09/2014
Fund objective
Aims to provide long-term capital growth with the level of income expected to below. At least 70% invested in undervalued shares of companies that have their head office or a main part of their activity in Europe. The choice of assets is guided by a value style bias. A value approach focuses on shares that are underpriced according to financial measures. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments are concentrated in the shares of a more limited number of companies and therefore the resulting portfolio will be less diversified. 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
  • MSCI Europe Net (TR) Index
Investment style
Value
Investment method
Shares
Quick stats
1 Year return
-6.4%
1 Year rank in sector
216/224
Sector
FO Equity - Europe inc UK
Yield
-
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.
1.95%
Fund size
£142m (£111m 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.
102
Top in this sector
Fund name1 Year
Mirabaud Eqts PanEur SmllMid31.5%
Schroder ISF Eur SpclSits31.2%
IVI European31.1%
JOHCM European Sel Val30.6%
Fidelity Eurp Dyn Gth29.8%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • UK23.7%
    France18.5%
    Germany16.4%
    Netherlands9.4%
    Spain9.4%
  • Financials15.8%
    Energy12.2%
    Industrials12%
    Information Technology10.4%
    Consumer Discretionary9.8%
  • UK Equities23.7%
    French Equities18.5%
    German Equities16.4%
    Dutch Equities9.4%
    Spanish Equities9.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.4%-1.9%-2.3%-6.4%6.2%57.7%
Sector1%1.1%2.8%-1.3%16.8%75.5%
Rank within sector32 / 233216 / 234222 / 230216 / 224166 / 200152 / 175
Quartile1st4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-10.4%7.8%5%23.3%13.5%
Sector-3.7%11.1%4.2%21.1%17.6%
Rank within sector221 / 229152 / 215110 / 20372 / 190159 / 179
Quartile4th3rd3rd2nd4th
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.
-4.29
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
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%.
15.58
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.
4.72
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.
-0.67
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.
0.94
Price movement
52 week high16.9
52 week low12.75
Current bid price-
Current offer price-
Current mid price14.29
Region
1UK23.7%
2France18.5%
3Germany16.4%
4Netherlands9.4%
5Spain9.4%
6Italy6.5%
7Denmark5.6%
8Norway5.1%
9Sweden3%
Industry sector
1Financials15.8%
2Energy12.2%
3Industrials12%
4Information Technology10.4%
5Consumer Discretionary9.8%
6Consumer Staples9.4%
7Materials7.9%
8Health Care7.5%
9Telecommunications Utilities7.5%
Asset type
1UK Equities23.7%
2French Equities18.5%
3German Equities16.4%
4Dutch Equities9.4%
5Spanish Equities9.4%
6Italian Equities6.5%
7Danish Equities5.6%
8Norwegian Equities5.1%
9Swedish Equities3%
Individual holdings
1ROYAL DUTCH SHELL5.35%
2UNILEVER3.52%
3TOTAL SA3.46%
4GLAXOSMITHKLINE3.38%
5SANOFI3.3%
6BAYER AG3.17%
7SAP SE2.99%
8TELEFONICA SA2.76%
9ASML Holding NV2.66%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
Aims to provide long-term capital growth with the level of income expected to below. At least 70% invested in undervalued shares of companies that have their head office or a main part of their activity in Europe. The choice of assets is guided by a value style bias. A value approach focuses on shares that are underpriced according to financial measures. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments are concentrated in the shares of a more limited number of companies and therefore the resulting portfolio will be less diversified. 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
  • MSCI Europe Net (TR) Index
Investment style
Value
Investment method
Shares
Fund managers
NameSinceBiography
Panos Theofilopoulos30/09/2014
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Hong Kong, Ireland, Iceland, Italy, Jersey, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Qatar, Sweden
Fidelity European Value A Acc EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price14.29
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code08NC
Fidelity European Value Y Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price14.85
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code08ND
Data provided by

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