Fact sheet: Fidelity Eur Hi Yld

Fund information

Fund name
Fidelity European High Yield A EUR
Fund company manager
Fidelity International (FIL In
Fund type
SIB
Fund manager
Andrei Gorodilov
since 01/02/2013
Fund objective
Aims to provide high current income and capital growth. At least 70% invested into high-yielding, sub investment grade bonds of issuers that have their head office or a main part of their activity in Western, Central and Eastern Europe (including Russia). 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. The types of bonds in which the fund will mainly invest will be subject to high risk and will not be required to meet a minimum rating standard. 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 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
BofA ML Global High Yield European Issuers Constrained Index (Level 4 20% Capped) Hedged to EUR
Investment style
High Yield
Investment method
Fixed Interest

Performance snapshot

Quick stats

1 Year return

6.59 %

1 Year rank in sector

8/27

Sector

FO Fixed Int - EUR High Yield

Yield

3.87

Fund size

£ 3.8 b

FE Risk score

26

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Europe
    32.65%
  • International
    19.25%
  • UK
    17.47%
  • Germany
    9.83%
  • France
    6.62%
  • Communications
    24.13%
  • Banks
    16.12%
  • Cyclical Consumer Goods
    9.04%
  • Basic Industries
    6.29%
  • Capital Goods
    6.22%
  • European Fixed Interest
    32.65%
  • Global Fixed Interest
    23.02%
  • UK Fixed Interest
    17.47%
  • German Fixed Interest
    9.83%
  • French Fixed Interest
    6.62%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.52 %3.4 %6.59 %10.92 %38.86 %
Sector0.4 %3.28 %5.88 %12.27 %36.6 %
Rank within sector2 / 285 / 288 / 2713 / 2510 / 22
Quartile th1 st1 st2 nd3 rd2 nd

Calendar performance

YTD-20172016201520142013
Fund5 %8.23 %0.9 %2.2 %8.79 %
Sector4.31 %7.95 %0.85 %3.16 %8.32 %
Rank within sector5 / 288 / 2713 / 2719 / 258 / 22
Quartile th1 st2 nd2 nd4 th2 nd

Risk statistics

Alpha-0.43
Beta1.03
Sharpe0.01
Volatility4.65
Tracking error1.66
Information ratio-0.21
R-Squared0.87

Price movement

52 week high10.46
52 week low9.781
Current bid price0
Current offer price0
Current mid price10.09

Holdings by region

  • 32.65% Europe
  • 19.25% International
  • 17.47% UK
  • 9.83% Germany
  • 6.62% France
  • 4.16% Money Market
  • 2.63% Scandinavia
  • 2.59% Not Specified
  • 2.43% USA
  • 1.18% Others

Holdings by sector

  • 24.13% Communications
  • 16.12% Banks
  • 9.04% Cyclical Consumer Goods
  • 6.29% Basic Industries
  • 6.22% Capital Goods
  • 6.12% Government Bonds
  • 6.08% Utilities
  • 5.95% Other Financial
  • 4.43% Energy
  • 4.16% Money Market

Holdings by asset type

  • 32.65% European Fixed Interest
  • 23.02% Global Fixed Interest
  • 17.47% UK Fixed Interest
  • 9.83% German Fixed Interest
  • 6.62% French Fixed Interest
  • 4.16% Money Market
  • 2.63% Scandinavian Fixed Interest
  • 2.43% US Fixed Interest
  • 0.72% American Emerging Fixed Interest
  • 0.37% Asia Pacific ex Japan Fixed Interest

Individual holdings

-