Fact sheet: Fidelity European Values PLC

Fund information
Fund name
Fidelity European Values PLC
Fund manager company
Fidelity (FIL Invt Intl)
Fund type
Investment Trust
Fund managers
  • Samuel Morsesince 01/01/2011
Fund objective
This fund aims to achieve long term capital growth from a portfolio primarily made up of shares in continental European companies. The portfolio manager is not restricted in terms of market cap, country or sector allocation which is determined by the location of attractive investment opportunities rather than the outlook for each market.
Benchmark
  • FTSE World Europe EX UK
Investment style
Value
Investment method
No data available.
Quick stats
1 Year return
18.8%
1 Year rank in sector
5/8
Sector
IT Europe
Yield
2.1%
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.
0.94%
Fund size
£810m
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.
98
Mid price
195
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
216.2
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-9.81
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
100
Top in this sector
Fund name1 Year
Hndrsn Erpn Fcs Tst26.7%
The European Inv Tr25%
Henderson Euro Trust22.7%
JP Morgan European IT Gth19.9%
Fidelity European Values PLC18.8%
...more in IT Europe

Performance snapshot

Holdings snapshot

  • France29.1%
    Switzerland18.9%
    Germany14.9%
    UK7%
    Spain6.5%
  • Financials20.5%
    Consumer Goods18.9%
    Industrials17.8%
    Health Care17.1%
    Technology8.5%
  • French Equities29.1%
    Swiss Equities18.9%
    German Equities14.9%
    UK Equities7%
    Spanish Equities6.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.7%5.7%7.6%18.8%36.3%96.1%
Sector0%6.3%10.3%20.7%32%112.2%
Rank within sector1 / 86 / 87 / 85 / 83 / 86 / 8
Quartile1st3rd4th3rd2nd3rd
Calendar performance
 YTD - 20172016201520142013
Fund8.6%7.6%9.3%8.7%20.8%
Sector9.5%5.9%12.1%5.8%32.7%
Rank within sector6 / 83 / 87 / 83 / 88 / 8
Quartile3rd2nd4th2nd4th
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.
0.6
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.
0.88
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.
0.49
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%.
12.37
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.
5.64
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.
-0.11
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.
0.8
Price movement
52 week high197.9
52 week low151.2
Current bid price194.8
Current offer price195.1
Current mid price195
Region
1France29.1%
2Switzerland18.9%
3Germany14.9%
4UK7%
5Spain6.5%
6Belgium6.2%
7Others5.1%
8Denmark4.4%
9Finland4.4%
Industry sector
1Financials20.5%
2Consumer Goods18.9%
3Industrials17.8%
4Health Care17.1%
5Technology8.5%
6Oil & Gas6.3%
7Consumer Services6.1%
8Basic Materials4.4%
9Utilities3.1%
Asset type
1French Equities29.1%
2Swiss Equities18.9%
3German Equities14.9%
4UK Equities7%
5Spanish Equities6.5%
6Belgian Equities6.2%
7Danish Equities4.4%
8Finnish Equities4.4%
9Norwegian Equities3.8%
Individual holdings
1NESTLE SA6.7%
2ROCHE HLDG AG5.4%
3SANOFI4%
4TOTAL SA3.5%
53I GROUP3.2%
6L`OREAL3.2%
7SAP SE3.2%
8NOVO-NORDISK AS3.1%
9SAMPO2.9%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity (FIL Invt Intl)
Fund type
Investment Trust
Fund objective
This fund aims to achieve long term capital growth from a portfolio primarily made up of shares in continental European companies. The portfolio manager is not restricted in terms of market cap, country or sector allocation which is determined by the location of attractive investment opportunities rather than the outlook for each market.
Benchmark
  • FTSE World Europe EX UK
Investment style
Value
Investment method
No data available.
Fund managers
NameSinceBiography
Samuel Morse01/01/2011Sam Morse assumed responsibility for the Fidelity European Fund on 1 January 2010. Sam joined Fidelity in 1990 and spent seven years with the company as a research analyst, covering pan-European retail stocks, and then as a portfolio manager, running funds including Fidelity Income Plus Fund, Fidelity Growth and Income Fund and Fidelity MoneyBuilder Growth Fund. He then left Fidelity to be Head of UK Equities at M&G. Sam returned to Fidelity in 2004 to manage UK equities for institutional clients. He managed the Fidelity MoneyBuilder Growth Fund from December 2006 for three years. On 1st January 2010, Sam handed over his UK equity portfolios to new managers and took on responsibility of the FIF European Fund. Sam has an MBA from INSEAD and a BA from the University of North Carolina.
Compliance
AIC Member, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom
Fidelity European Values PLC
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price216.2
CurrencyGBX
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJDW
Data provided by

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