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(s)
James Durance
since 01/04/2017
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. 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. Currency hedging is used to substantially reduce the risk of losses from unfavourable exchange rate movements on holdings in currencies that differ from the dealing currency. Hedging also has the effect of limiting the potential for currency gains to be made. 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

Sector
Fund
Sector
Fund
Sector
Fund

Quick stats

1 Year return

7.34 %

1 Year rank in sector

9/28

Sector

FO Fixed Int - EUR High Yield

Yield

3.74

Fund size

£ 3.8 b

FE Risk score

25

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Europe
    31.66%
  • International
    19.25%
  • UK
    18.39%
  • Germany
    15.7%
  • France
    6.31%
  • Communications
    23.47%
  • Banks
    17.27%
  • Cyclical Consumer Goods
    8.6%
  • Money Market
    8.36%
  • Other Financial
    7.16%
  • European Fixed Interest
    31.66%
  • Global Fixed Interest
    22.07%
  • UK Fixed Interest
    18.39%
  • German Fixed Interest
    15.7%
  • French Fixed Interest
    6.31%

Performance vs. Sector

Sector
Fund
Sector
Fund
Sector
Fund

Cumulative performance

1m6m1y3y5y
Fund0.79 %4.22 %7.34 %16.57 %34.76 %
Sector0.75 %3.76 %6.36 %16.01 %32.86 %
Rank within sector14 / 296 / 289 / 2812 / 2711 / 23
Quartile th2 nd1 st2 nd2 nd2 nd

Calendar performance

YTD-20172016201520142013
Fund6.56 %8.23 %0.9 %2.2 %8.79 %
Sector5.38 %7.95 %0.85 %3.16 %8.32 %
Rank within sector6 / 2810 / 2813 / 2720 / 2710 / 24
Quartile th1 st2 nd2 nd3 rd2 nd

Risk statistics

Alpha0.26
Beta0.99
Sharpe0.25
Volatility4.36
Tracking error1.51
Information ratio0.13
R-Squared0.88

Price movement

52 week high10.46
52 week low9.781
Current bid price0
Current offer price0
Current mid price10.24

Holdings by region

  • 31.66% Europe
  • 19.25% International
  • 18.39% UK
  • 15.7% Germany
  • 6.31% France
  • 2.58% USA
  • 2.4% Scandinavia
  • 1.84% Not Specified
  • 0.98% Others
  • 0.41% Latin America

Holdings by sector

  • 23.47% Communications
  • 17.27% Banks
  • 8.6% Cyclical Consumer Goods
  • 8.36% Money Market
  • 7.16% Other Financial
  • 6.47% Capital Goods
  • 6.16% Utilities
  • 6.13% Government Bonds
  • 4.33% Basic Industries
  • 3.48% Energy

Holdings by asset type

  • 31.66% European Fixed Interest
  • 22.07% Global Fixed Interest
  • 18.39% UK Fixed Interest
  • 15.7% German Fixed Interest
  • 6.31% French Fixed Interest
  • 2.58% US Fixed Interest
  • 2.4% Scandinavian Fixed Interest
  • 0.41% American Emerging Fixed Interest
  • 0.37% Asia Pacific ex Japan Fixed Interest
  • 0.06% Swiss Fixed Interest

Individual holdings

-