Fact sheet: Fidelity FAST Europe

Fund information
Fund name
Fidelity FAST Europe I Acc EUR
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund manager
  • Anas Chakrasince 01/12/2006
Fund objective
Aims to provide long-term capital growth. At least 70% invested in shares and related instruments that provide exposure to companies that have their head office or main part of their activity in Europe. 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. May also make extensive use of derivatives including more complex instruments or strategies to achieve the investment objective and these may result in leverage. In such situations performance may rise or fall more than it would have done otherwise, reflecting such additional exposure. 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
Growth
Investment method
Shares
Quick stats
1 Year return
-14.2%
1 Year rank in sector
214/227
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.
0.95%
Fund size
£1,507m (£2,565m 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.
89
Top in this sector
Fund name1 Year
SPL Parallel Private Equity IC27%
IVI European22.4%
GS Eur CORE Eq Portfolio17.5%
Mirabaud Eqts PanEur SmllMid16.2%
JOHCM European Sel Val13.7%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • France35.6%
    UK15.2%
    Switzerland13.8%
    Netherlands9.2%
    USA8.6%
  • Financials20.4%
    Consumer Staples18.4%
    Health Care15.5%
    Industrials12.9%
    Consumer Discretionary9%
  • French Equities35.6%
    UK Equities15.2%
    Swiss Equities13.8%
    Dutch Equities9.2%
    US Equities8.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.9%-0.6%-3.5%-14.2%7.7%57.4%
Sector0.1%-1%-1.9%-8.3%10.8%57.7%
Rank within sector51 / 233112 / 234180 / 232214 / 227141 / 200113 / 175
Quartile1st2nd4th4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-10.4%10.9%7%21.3%15.7%
Sector-5.2%11.1%4.2%21.1%17.6%
Rank within sector204 / 228106 / 21368 / 200102 / 188146 / 177
Quartile4th2nd2nd3rd4th
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.
-1.18
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.
0.99
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%.
13.13
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.
5.11
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.
-0.26
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.
0.84
Price movement
52 week high204.01
52 week low160.76
Current bid price-
Current offer price-
Current mid price174.46
Region
1France35.6%
2UK15.2%
3Switzerland13.8%
4Netherlands9.2%
5USA8.6%
6International4.4%
7Denmark4.3%
8Norway4.2%
9Sweden2.7%
Industry sector
1Financials20.4%
2Consumer Staples18.4%
3Health Care15.5%
4Industrials12.9%
5Consumer Discretionary9%
6Others9%
7Telecommunications Utilities5.5%
8Energy4.5%
9Money Market2.2%
Asset type
1French Equities35.6%
2UK Equities15.2%
3Swiss Equities13.8%
4Dutch Equities9.2%
5US Equities8.6%
6Danish Equities4.3%
7International Equities4.2%
8Norwegian Equities4.2%
9Swedish Equities2.7%
Individual holdings
1NESTLE SA8.6%
2UNILEVER NV7.4%
3BT GROUP6.3%
4BNP PARIBAS (SUISSE) SA5.8%
5L`OREAL5.6%
6EIFFAGE5%
7ROYAL DUTCH SHELL4.9%
8VINCI SA4.9%
9LVMH MOET HENNESSY VUITTON SE4.7%
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. At least 70% invested in shares and related instruments that provide exposure to companies that have their head office or main part of their activity in Europe. 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. May also make extensive use of derivatives including more complex instruments or strategies to achieve the investment objective and these may result in leverage. In such situations performance may rise or fall more than it would have done otherwise, reflecting such additional exposure. 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
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Anas Chakra01/12/2006Anas Chakra has worked as a fund manager for Fidelity since March 2000 and has been responsible for managing a number of institutional UK equity portfolios. He joined Fidelity in 1995 as a research analyst. In this role, he covered a number of sectors including construction, steel, textiles and retailers. He also researched South African companies as part of the Emerging Markets Team.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Iceland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Poland, Portugal, Singapore, Sweden
Fidelity FAST Europe A Acc Euro
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price301.15
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF6T6
Fidelity FAST Europe A Dis EUR
Initial charge5.25%
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 price101.31
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE63B
Fidelity FAST Europe A GBP
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price177.66
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI1I3
Fidelity FAST Europe E Acc EUR
Initial charge-
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price170.86
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFG4Y
Fidelity FAST Europe EUR
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 price282.58
CurrencyEUR
Price updated03/12/2013
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHSX3
Fidelity FAST Europe I Acc EUR
Initial charge1%
Annual charge0.8%
Min single investment£20,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price174.46
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKLC0
Fidelity FAST Europe W GBP
Initial charge-
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.55
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK5LM
Fidelity FAST Europe Y Acc EUR
Initial charge-
Annual charge1%
Min single investment£1,000,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)1.26%
Bid price-
Offer price-
Mid price170.86
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKLC1
Data provided by

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