Fact sheet: Fidelity Europn Div

Fund information
Fund name
Fidelity European Dividend A Acc EUR
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund manager
  • Michael Clarksince 02/11/2010
Fund objective
Aims to provide income and long-term capital growth. At least 70% invested in income producing shares of companies that have their head office or a main part of their activity in Europe. The choice of assets is guided by attractive dividend yield in addition to the potential for capital growth. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. May invest in assets directly or achieve exposure indirectly through other eligible means including derivatives. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income, including for investment purposes, 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
Investment style
None
Investment method
Shares
Quick stats
1 Year return
9.8%
1 Year rank in sector
181/227
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.
1.93%
Fund size
£345m (£526m 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.
97
Top in this sector
Fund name1 Year
SPL Parallel Private Equity IC46.9%
EP Pan European Opportunities33.7%
GS Eur CORE Eq Portfolio32%
Sparinvest Eurpn Val30.2%
IVI European30.1%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • UK24.2%
    Germany17.5%
    Switzerland15.7%
    Netherlands8%
    France6.5%
  • Consumer Staples21.8%
    Financials18.1%
    Health Care16.8%
    Industrials12.8%
    Energy8.7%
  • UK Equities24.2%
    German Equities17.5%
    Swiss Equities15.7%
    Dutch Equities8%
    French Equities6.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.1%6.1%9.2%9.8%23.3%58.8%
Sector2.9%6.7%11.5%11.9%21.8%63.8%
Rank within sector195 / 234127 / 232192 / 230181 / 227106 / 198123 / 174
Quartile4th3rd4th4th3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund6.1%1%8.9%8.9%17%
Sector7.6%-0.6%11.1%4.2%21.1%
Rank within sector183 / 23285 / 224126 / 20534 / 194147 / 180
Quartile4th2nd3rd1st4th
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.
2.16
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.
0.83
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.
0.31
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%.
11.7
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.
6.14
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.
0.19
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.
0.77
Price movement
52 week high16.45
52 week low13.97
Current bid price-
Current offer price-
Current mid price16.42
Region
1UK24.2%
2Germany17.5%
3Switzerland15.7%
4Netherlands8%
5France6.5%
6Sweden6.3%
7Finland5.8%
8Others4.2%
9USA3.9%
Industry sector
1Consumer Staples21.8%
2Financials18.1%
3Health Care16.8%
4Industrials12.8%
5Energy8.7%
6Utilities7.7%
7Materials5.5%
8Consumer Discretionary4.3%
9Telecommunications Utilities2.4%
Asset type
1UK Equities24.2%
2German Equities17.5%
3Swiss Equities15.7%
4Dutch Equities8%
5French Equities6.5%
6Swedish Equities6.3%
7Finnish Equities5.8%
8International Equities4.2%
9US Equities3.9%
Individual holdings
1NESTLE SA3.7%
2ROYAL DUTCH SHELL3%
3SIEMENS AG2.6%
4BRITISH AMERICAN TOBACCO2.4%
5NOVARTIS AG2.3%
6UNILEVER NV2.3%
7ROCHE HLDG AG2.2%
8ALLIANZ SE2.1%
9BASF SE2.1%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
Aims to provide income and long-term capital growth. At least 70% invested in income producing shares of companies that have their head office or a main part of their activity in Europe. The choice of assets is guided by attractive dividend yield in addition to the potential for capital growth. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. May invest in assets directly or achieve exposure indirectly through other eligible means including derivatives. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income, including for investment purposes, 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
Investment style
None
Investment method
Shares
Fund manager
NameSinceBiography
Michael Clark02/11/2010Michael Clark is a Portfolio Manager at Fidelity Worldwide Investment (FIL). From FIL's London headquarters, Mr. Clark has managed the Fidelity Income Plus Fund since July 2008. He also manages the Fidelity Enhanced Income Fund, which was launched in February 2009. Prior to becoming a Portfolio Manager, Mr. Clark spent five years as Pan-European Equity Research Analyst with Fidelity, covering oil services, construction, automotive and industrials. Mr Clark has over twenty years investment experience as an analyst on the sell-side, covering a wide range of companies and sectors in the UK and Continental Europe. These sectors include foods, business services, pharmaceuticals and electrical engineering. Previously he worked at JP Morgan, Enskilda and Morgan Grenfell. In 1982 Mr Clark gained a degree in Modern Languages from Cambridge University.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Singapore ILIP, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Hong Kong, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Poland, Portugal, Qatar, Singapore, Sweden, Taiwan - Province Of China
Fidelity European Dividend 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)1.93%
Total expense ratio (TER)1.89%
Bid price-
Offer price-
Mid price16.42
CurrencyEUR
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLPY0
Fidelity European Dividend A Hedged HMDis(G) AUD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.93%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.79
CurrencyAUD
Price updated25/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFJBO
Fidelity European Dividend A Hedged MInc USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.93%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.34
CurrencyUSD
Price updated25/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFFLD
Fidelity European Dividend A Hedged MInc(G) HKD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.94%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.71
CurrencyHKD
Price updated25/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFOCE
Fidelity European Dividend A Inc EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.93%
Total expense ratio (TER)1.64%
Bid price-
Offer price-
Mid price14.82
CurrencyEUR
Price updated25/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLPY1
Fidelity European Dividend A MCDist (G) EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.08
CurrencyEUR
Price updated25/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeC1QJ
Fidelity European Dividend A MInc(G) EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.93%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price12.98
CurrencyEUR
Price updated25/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF3RW
Fidelity European Dividend A QInc(G) EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.93%
Total expense ratio (TER)1.97%
Bid price-
Offer price-
Mid price13.01
CurrencyEUR
Price updated25/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF3RV
Fidelity European Dividend Y Acc EUR
Initial charge-
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price17.26
CurrencyEUR
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLPX9
Fidelity European Dividend Y QInc(G) EUR
Initial charge-
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.18
CurrencyEUR
Price updated25/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFR7T
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