Fact sheet: Fidelity Switzerland

Fund information
Fund name
Fidelity Switzerland A CHF
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Alberto Chiandettisince 01/08/2011
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in Swiss company shares. 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. 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 Switzerland
Investment style
None
Investment method
Shares
Quick stats
1 Year return
-2.8%
1 Year rank in sector
85/91
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.
1.93%
Fund size
£284m (£356m 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.
90
Top in this sector
Fund name1 Year
Pictet Russian Equities70.6%
Baring Russia61.1%
HSBC GIF Russia Equity54.2%
Pictet Russia Index46.7%
East Capital Lux Russian37.5%
...more in FO Equity - Europe Single Country

Performance snapshot

Holdings snapshot

  • Switzerland94.2%
    Money Market2.1%
    France1.7%
    Denmark1.3%
    Netherlands0.7%
  • Health Care31.4%
    Industrials19.7%
    Financials15.2%
    Materials12.1%
    Consumer Staples9.6%
  • Swiss Equities94.2%
    Money Market2.1%
    French Equities1.7%
    Danish Equities1.3%
    Dutch Equities0.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%6.7%4.8%-2.8%5.7%69%
Sector1.2%6.8%7.8%11.1%20.5%75.3%
Rank within sector71 / 9361 / 9361 / 9385 / 9161 / 8350 / 77
Quartile4th3rd3rd4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-5.5%-1.3%8%32.4%17.4%
Sector5.3%9.2%1.7%17.5%18.4%
Rank within sector85 / 9383 / 9042 / 8319 / 8045 / 77
Quartile4th4th3rd1st3rd
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.
-2.6
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.
0.78
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%.
12.81
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.
8.92
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.
-0.5
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.
0.53
Price movement
52 week high55.12
52 week low44.77
Current bid price-
Current offer price-
Current mid price50.23
Region
1Switzerland94.2%
2Money Market2.1%
3France1.7%
4Denmark1.3%
5Netherlands0.7%
Industry sector
1Health Care31.4%
2Industrials19.7%
3Financials15.2%
4Materials12.1%
5Consumer Staples9.6%
6Consumer Discretionary4.8%
7Information Technology4.3%
8Money Market2.1%
9Telecommunications Utilities0.8%
Asset type
1Swiss Equities94.2%
2Money Market2.1%
3French Equities1.7%
4Danish Equities1.3%
5Dutch Equities0.7%
Individual holdings
1NESTLE SA9.57%
2ROCHE HLDG AG9.28%
3NOVARTIS AG9.02%
4SYNGENTA AG4.65%
5SONOVA HLDGS AG4.28%
6COMPAGNIE FINANCIERE RICHEMONT SA4.27%
7ACTELION4.02%
8ABB LTD3.45%
9LAFARGEHOLCIM LTD2.93%
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. At least 70% invested in Swiss company shares. 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. 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 Switzerland
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Alberto Chiandetti01/08/2011Alberto 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, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Bahrain, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Gulf Cooperation Council, Guernsey, Hong Kong, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Peru, Poland, Portugal, Qatar, Singapore, Sweden, Taiwan - Province Of China, South Africa
Fidelity Switzerland A Acc CHF
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)1.93%
Bid price-
Offer price-
Mid price11.61
CurrencyCHF
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG832
Fidelity Switzerland A CHF
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)1.93%
Bid price-
Offer price-
Mid price50.23
CurrencyCHF
Price updated26/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFF36
Fidelity Switzerland Y Acc CHF
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.18%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price12.77
CurrencyCHF
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLUM0
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