Fact sheet: Fidelity Inst Eur Hi Yld

Fund information

Fund name
Fidelity Institutional European High Yield Inst Acc EUR
Fund company manager
Fidelity International (FIL In
Fund type
SIB
Fund manager
Ian Spreadbury
since 31/08/2010
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.The fund may only be acquired by Institutional Investors.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
The BofA ML BB-B Global Non-Financial High Yield European Issuers excluding Russia Constrained Index
Investment style
High Yield
Investment method
Fixed Interest

Performance snapshot

Quick stats

1 Year return

6.59 %

1 Year rank in sector

11/28

Sector

FO Fixed Int - Europe

Yield

3.85

Fund size

£ 23.0 m

FE Risk score

78

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Europe
    21.21%
  • UK
    19.31%
  • Germany
    17.94%
  • International
    13.13%
  • Money Market
    12.41%
  • Communications
    23.87%
  • Money Market
    12.41%
  • Cyclical Consumer Goods
    12.09%
  • Capital Goods
    9.37%
  • Utilities
    7.57%
  • European Fixed Interest
    21.21%
  • UK Fixed Interest
    19.31%
  • German Fixed Interest
    17.94%
  • Global Fixed Interest
    15.33%
  • Money Market
    12.41%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.87 %3.74 %6.59 %16.63 %43.82 %
Sector0.44 %2.55 %3.79 %10.06 %24.37 %
Rank within sector4 / 296 / 2811 / 287 / 232 / 16
Quartile th1 st1 st2 nd2 nd1 st

Calendar performance

YTD-20172016201520142013
Fund5.43 %10.11 %2.73 %2.31 %10.5 %
Sector3.31 %5.13 %1.14 %5.17 %4.22 %
Rank within sector7 / 283 / 279 / 2418 / 205 / 19
Quartile th1 st1 st2 nd4 th2 nd

Risk statistics

Alpha0.49
Beta1.34
Sharpe0.25
Volatility4.39
Tracking error2.61
Information ratio0.57
R-Squared0.69

Price movement

52 week high174.7
52 week low162.3
Current bid price0
Current offer price0
Current mid price174.6

Holdings by region

  • 21.21% Europe
  • 19.31% UK
  • 17.94% Germany
  • 13.13% International
  • 12.41% Money Market
  • 6.86% France
  • 2.95% USA
  • 1.84% Scandinavia
  • 1.71% Not Specified
  • 1.02% Latin America

Holdings by sector

  • 23.87% Communications
  • 12.41% Money Market
  • 12.09% Cyclical Consumer Goods
  • 9.37% Capital Goods
  • 7.57% Utilities
  • 5.75% Banks
  • 5.71% Basic Industries
  • 4.96% Non-Cyclical Consumer Goods
  • 4.41% Other Financial
  • 3.7% Government Bonds

Holdings by asset type

  • 21.21% European Fixed Interest
  • 19.31% UK Fixed Interest
  • 17.94% German Fixed Interest
  • 15.33% Global Fixed Interest
  • 12.41% Money Market
  • 6.86% French Fixed Interest
  • 2.95% US Fixed Interest
  • 1.84% Scandinavian Fixed Interest
  • 1.02% American Emerging Fixed Interest
  • 0.75% Asia Pacific ex Japan Fixed Interest

Individual holdings

-