Fact sheet: Fidelity Eurpn Lg Cos

Fund information
Fund name
Fidelity European Larger Companies A Inc EUR
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Matthew Siddlesince 01/10/2010
Fund objective
The Fund aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in shares of larger European companies. It has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. 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.
Benchmark
  • MSCI Europe
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
2.2%
1 Year rank in sector
80/224
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.
1.92%
Fund size
£696m (£1,000m 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.
100
Top in this sector
Fund name1 Year
IVI European32.2%
Mirabaud Eqts PanEur SmllMid32.1%
JOHCM European Sel Val29.5%
Schroder ISF Eur SpclSits29.1%
Allianz Eur Eq Gth25.8%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • UK37.5%
    France21.8%
    Germany15.9%
    Switzerland8.1%
    Norway5.9%
  • Health Care18.3%
    Financials16.6%
    Consumer Staples16.5%
    Industrials14.8%
    Energy11.3%
  • UK Equities37.5%
    French Equities21.8%
    German Equities15.9%
    Swiss Equities8.1%
    Norwegian Equities5.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1%4.8%4.9%2.2%19.1%86.8%
Sector0.5%2.8%3.2%0.9%17.2%73.2%
Rank within sector208 / 233174 / 23472 / 23180 / 22487 / 20061 / 176
Quartile4th3rd2nd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund-2.7%8.5%8.1%19.5%20.3%
Sector-3.9%11.1%4.2%21.1%17.6%
Rank within sector90 / 229142 / 21550 / 202131 / 19071 / 180
Quartile2nd3rd1st3rd2nd
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.
0.9
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.
1.02
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.
0.32
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%.
13.32
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.
4.21
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.
0.22
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.
0.9
Price movement
52 week high45.57
52 week low36.28
Current bid price-
Current offer price-
Current mid price41.78
Region
1UK37.5%
2France21.8%
3Germany15.9%
4Switzerland8.1%
5Norway5.9%
6Netherlands5.2%
7Money Market2.3%
8Spain2.1%
9Denmark0.9%
Industry sector
1Health Care18.3%
2Financials16.6%
3Consumer Staples16.5%
4Industrials14.8%
5Energy11.3%
6Information Technology9.1%
7Consumer Discretionary7.1%
8Materials2.5%
9Money Market2.3%
Asset type
1UK Equities37.5%
2French Equities21.8%
3German Equities15.9%
4Swiss Equities8.1%
5Norwegian Equities5.9%
6Dutch Equities5.2%
7Money Market2.3%
8Spanish Equities2.1%
9Danish Equities0.9%
Individual holdings
1SAP SE5.54%
2SANOFI4.9%
3BRITISH AMERICAN TOBACCO4.83%
4ROYAL DUTCH SHELL4.4%
5BAYER AG4.19%
6L`OREAL3.62%
7PRUDENTIAL PLC3.61%
8ROCHE HLDG AG3.44%
9SMITH & NEPHEW3.44%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
The Fund aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in shares of larger European companies. It has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. 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.
Benchmark
  • MSCI Europe
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Matthew Siddle01/10/2010Matthew Siddle joined Fidelity from Cambridge University in August 1999 as a Pan-European research analyst where he covered the insurance, financial services, media and technology sectors. After 5 years as an analyst he was promoted to assistant portfolio manager on FF European Growth fund and combined this new role with being a Director of Research. Matthew has also managed two pilot funds, the UK Unconstrained and the European Equity. He has been the portfolio manager for the European Larger Companies Fund since 1 October 2010, and on 01 July 2012, took over the management of the FF European Growth Fund. He holds an MA, Economics from Cambridge University and is a CFA Charter holder
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, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Peru, Poland, Portugal, Qatar, Singapore, Slovakia, Sweden, Taiwan - Province Of China, South Africa
Fidelity European Larger Companies 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)1.92%
Total expense ratio (TER)1.92%
Bid price-
Offer price-
Mid price14.28
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeD811
Fidelity European Larger Companies 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)1.92%
Total expense ratio (TER)1.92%
Bid price-
Offer price-
Mid price41.78
CurrencyEUR
Price updated26/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFO56
Fidelity European Larger Companies D Acc EUR
Initial charge4%
Annual charge1.5%
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 price10.08
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE84I
Fidelity European Larger Companies I Acc EUR
Initial charge1%
Annual charge0.8%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price12.89
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF8MV
Fidelity European Larger Companies I Acc SGD
Initial charge-
Annual charge0.8%
Min single investment£500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price0.958
CurrencySGD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1PW
Fidelity European Larger Companies I Hedged Acc SGD
Initial charge-
Annual charge0.8%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.054
CurrencySGD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFR7R
Fidelity European Larger Companies 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)1.17%
Total expense ratio (TER)1.17%
Bid price-
Offer price-
Mid price13.03
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFN1
Fidelity European Larger Companies Y EUR
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.65
CurrencyEUR
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFCHF
Fidelity European Larger Companies Y Hedged Acc USD
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.06
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFC6O
Data provided by

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