Fact sheet: Fidelity Italy

Fund information
Fund name
Fidelity Italy A EUR
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Alberto Chiandettisince 30/09/2008
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low.
Benchmark
  • MSCI Italy 10/40
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-20.5%
1 Year rank in sector
83/91
Sector
FO Equity - Europe Single Country
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.
1.91%
Fund size
£886m (£1,236m 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.
113
Top in this sector
Fund name1 Year
Pictet Russian Equities68.4%
HSBC GIF Russia Equity53.8%
Baring Russia52.4%
Pictet Russia Index48.5%
East Capital Russia30.2%
...more in FO Equity - Europe Single Country

Performance snapshot

Holdings snapshot

  • Italy88.5%
    Money Market4.4%
    UK4%
    Switzerland1.7%
    Germany1.1%
  • Financials25.4%
    Consumer Discretionary15.1%
    Utilities14.7%
    Energy13.9%
    Industrials11.9%
  • Italian Equities88.5%
    Money Market4.4%
    UK Equities4%
    Swiss Equities1.7%
    German Equities1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.7%-2.6%-6.3%-20.5%-0.6%63.6%
Sector-1%-0.4%2.5%-0.4%14.6%56.8%
Rank within sector55 / 9362 / 9378 / 9383 / 9165 / 8242 / 77
Quartile3rd3rd4th4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund-16.8%21.1%-2.3%32.7%25.7%
Sector3.6%9.2%1.7%17.5%18.4%
Rank within sector87 / 9317 / 8967 / 8217 / 7916 / 77
Quartile4th1st4th1st1st
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.
-4.12
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.
1.01
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.
-0.01
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%.
16.14
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.
11.15
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.
-0.42
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.
0.52
Price movement
52 week high39.37
52 week low28.94
Current bid price-
Current offer price-
Current mid price31.16
Region
1Italy88.5%
2Money Market4.4%
3UK4%
4Switzerland1.7%
5Germany1.1%
6Netherlands0.3%
Industry sector
1Financials25.4%
2Consumer Discretionary15.1%
3Utilities14.7%
4Energy13.9%
5Industrials11.9%
6Telecommunications Utilities5.2%
7Health Care4.7%
8Money Market4.4%
9Consumer Staples1.6%
Asset type
1Italian Equities88.5%
2Money Market4.4%
3UK Equities4%
4Swiss Equities1.7%
5German Equities1.1%
6Dutch Equities0.3%
Individual holdings
1ENEL SPA9.87%
2ENI9.57%
3INTESA SANPAOLO SPA9.44%
4ATLANTIA SPA5.03%
5TELECOM ITALIA SPA(NEW)4.95%
6SNAM SPA4.81%
7PRYSMIAN SPA4.49%
8YOOX NET-A-PORTER GROUP SPA3.75%
9BANCA POPOLARE DI MILANO2.98%
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 be low.
Benchmark
  • MSCI Italy 10/40
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Alberto Chiandetti30/09/2008Alberto Chiandetti, the portfolio manager, has over 14 years investment research experience. He joined Fidelity in July 2006 as an equity analyst, working from the Milan office and focusing on small and mid cap Italian stocks. He was promoted to portfolio manager in 2008. Prior to joining Fidelity, he spent 8 years working as an equity analyst with Euromobiliare SIM (currently Equita SIM), Italy, where he covered the Italian media, building materials and transport sectors. Alberto has a BSc from the Università Commerciale “L.Bocconi”, Milan and is also a CFA Charterholder. Alberto Chiandetti was awarded the Silver Rating Analyst Award by Morningstar for the FF Italy Fund in 2012.
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, Chile, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Hong Kong, Hungary, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Peru, Poland, Portugal, Qatar, Singapore, Slovakia, Sweden, Taiwan - Province Of China
Fidelity Italy 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)1.91%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.82
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF83Z
Fidelity Italy A EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.91%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price31.16
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFJ03
Fidelity Italy A Hedged Acc USD
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 price8.327
CurrencyUSD
Price updated03/06/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE1QZ
Fidelity Italy 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 price9.499
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8IZ
Fidelity Italy 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)1.16%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price8.242
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMEZ8
Fidelity Italy Y EUR
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price8.105
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFWHK
Fidelity Italy Y Hedged Acc USD
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price8.362
CurrencyUSD
Price updated03/06/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1RA
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