Fact sheet: Fidelity € Corp Bd

Fund information

Fund name
Fidelity Euro Corporate Bond E EUR
Fund company manager
Fidelity International (FIL In
Fund type
SIB
Fund manager
David Simner
since 19/03/2009
Fund objective
Aims to provide relatively high income with the possibility of capital growth. At least 70% invested in Euro denominated corporate bonds. Has the freedom to invest up to 30% of its assets in non Euro denominated debt securities and/or non corporate debt securities. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Investments may be made in bonds issued in currencies other than the fund’s reference currency. Exposure to currencies may be hedged, for example with currency forward contracts. The reference currency is the currency used for reporting and may be different from the dealing currency. Can invest in bonds issued by governments, companies and other bodies. 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 reinvested in additional shares or paid to shareholders on request. 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
BofA ML Euro Corporate Cap Index
Investment style
None
Investment method
Fixed Interest

Performance snapshot

Quick stats

1 Year return

0.26 %

1 Year rank in sector

39/57

Sector

FO Fixed Int - EUR Corporate Bond

Yield

0.8

Fund size

£ 477.0 m

FE Risk score
-
NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    22.53%
  • Germany
    13.95%
  • Netherlands
    12.79%
  • Italy
    12.75%
  • UK
    10.58%
  • Banks
    32.22%
  • Government Bills
    22.34%
  • Insurance
    8.63%
  • Communications
    7.78%
  • Capital Goods
    5.94%
  • US Fixed Interest
    22.53%
  • German Fixed Interest
    13.95%
  • Dutch Fixed Interest
    12.79%
  • Italian Fixed Interest
    12.75%
  • UK Fixed Interest
    10.58%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.34 %1.91 %0.26 %5.96 %0 %
Sector-0.19 %2.2 %1.48 %7.07 %19.48 %
Rank within sector57 / 6030 / 5839 / 5735 / 55 /
Quartile th4 th3 rd3 rd3 rd th

Calendar performance

YTD-20172016201520142013
Fund1.21 %4.51 %-1.25 %8.92 %1.68 %
Sector2.16 %4.74 %-1.02 %6.9 %2.24 %
Rank within sector41 / 5825 / 5739 / 564 / 5237 / 49
Quartile th3 rd2 nd3 rd1 st4 th

Risk statistics

Alpha-0.82
Beta1.2
Sharpe-0
Volatility3.79
Tracking error1.25
Information ratio-0.29
R-Squared0.92

Price movement

52 week high11.79
52 week low11.41
Current bid price0
Current offer price0
Current mid price11.73

Holdings by region

  • 22.53% USA
  • 13.95% Germany
  • 12.79% Netherlands
  • 12.75% Italy
  • 10.58% UK
  • 8.69% France
  • 6.11% Spain
  • 5.06% Switzerland
  • 3.75% Belgium
  • 1.84% Canada

Holdings by sector

  • 32.22% Banks
  • 22.34% Government Bills
  • 8.63% Insurance
  • 7.78% Communications
  • 5.94% Capital Goods
  • 5.7% Non-Cyclical Consumer Goods
  • 3.95% Others
  • 3.45% Other Financial
  • 3.19% Energy
  • 2.95% Utilities

Holdings by asset type

  • 22.53% US Fixed Interest
  • 13.95% German Fixed Interest
  • 12.79% Dutch Fixed Interest
  • 12.75% Italian Fixed Interest
  • 10.58% UK Fixed Interest
  • 8.69% French Fixed Interest
  • 6.11% Spanish Fixed Interest
  • 5.06% Swiss Fixed Interest
  • 3.75% Belgian Fixed Interest
  • 1.84% Canadian Fixed Interest

Individual holdings

-