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(s)
James Durance
since 01/07/2016
Andrei Gorodilov
since 01/04/2011
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

Sector
Fund
Sector
Fund
Sector
Fund

Quick stats

1 Year return

7.32 %

1 Year rank in sector

9/27

Sector

FO Fixed Int - Europe

Yield

4.33

Fund size

£ 37.0 m

FE Risk score

82

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Europe
    28.02%
  • UK
    23.05%
  • International
    17.16%
  • Germany
    13.08%
  • France
    7.71%
  • Communications
    28.05%
  • Cyclical Consumer Goods
    12.78%
  • Capital Goods
    8.39%
  • Banks
    7.73%
  • Basic Industries
    7.55%
  • European Fixed Interest
    28.02%
  • UK Fixed Interest
    23.05%
  • Global Fixed Interest
    18.49%
  • German Fixed Interest
    13.08%
  • French Fixed Interest
    7.71%

Performance vs. Sector

Sector
Fund
Sector
Fund
Sector
Fund

Cumulative performance

1m6m1y3y5y
Fund-0.4 %2.5 %7.32 %19.16 %38.15 %
Sector-0.41 %1.48 %4.86 %10.17 %21.94 %
Rank within sector14 / 295 / 279 / 274 / 224 / 16
Quartile th2 nd1 st2 nd1 st1 st

Calendar performance

YTD-20172016201520142013
Fund6.28 %10.11 %2.73 %2.31 %10.5 %
Sector3.94 %5.13 %1.14 %5.17 %4.22 %
Rank within sector8 / 274 / 259 / 2316 / 195 / 17
Quartile th2 nd1 st2 nd4 th2 nd

Risk statistics

Alpha1.52
Beta1.32
Sharpe0.59
Volatility4.2
Tracking error2.36
Information ratio1.08
R-Squared0.72

Price movement

52 week high177.1
52 week low164.1
Current bid price0
Current offer price0
Current mid price176

Holdings by region

  • 28.02% Europe
  • 23.05% UK
  • 17.16% International
  • 13.08% Germany
  • 7.71% France
  • 4.49% USA
  • 2.32% Scandinavia
  • 1.29% Latin America
  • 0.91% Others
  • 0.81% Asia Pacific ex Japan

Holdings by sector

  • 28.05% Communications
  • 12.78% Cyclical Consumer Goods
  • 8.39% Capital Goods
  • 7.73% Banks
  • 7.55% Basic Industries
  • 6.96% Utilities
  • 4.99% Non-Cyclical Consumer Goods
  • 4.76% Other Financial
  • 4.49% Energy
  • 3.81% Government Bonds

Holdings by asset type

  • 28.02% European Fixed Interest
  • 23.05% UK Fixed Interest
  • 18.49% Global Fixed Interest
  • 13.08% German Fixed Interest
  • 7.71% French Fixed Interest
  • 4.49% US Fixed Interest
  • 2.32% Scandinavian Fixed Interest
  • 1.29% American Emerging Fixed Interest
  • 0.81% Asia Pacific ex Japan Fixed Interest
  • 0.4% Canadian Fixed Interest

Individual holdings

-