Fidelity Funds - European High Yield Fund A-Acc-EUR
Fidelity Funds (SICAV domiciled in Luxembourg)
Key Information
Legal Documents
Performance
Analysis

Fund Profile

Category: SICAV

Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Fidelity Funds - European High Yield Fund a sub-fund of Fidelity Funds A-ACC-Euro (ISIN: LU0251130802 / WKN: A0J22L) This fund is managed by FIL Investment Management (Luxembourg) S.A. n Aims to provide high current income and capital growth. n 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). n This region includes countries considered to be emerging markets. n The fund is unconstrained in the amount it may invest in any single country in this region. n Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. n 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. n Can invest in bonds issued by governments, companies and other bodies. n 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. n 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. n The fund has discretion in its choices of investments within its objectives and policies. n Income is accumulated in the share price. n Shares can usually be bought and sold each business day of the fund. Lower risk Higher risk Typically lower rewards Typically higher rewards 1 2 3 4 5 6 7 n The risk category was calculated using historical performance data. n The risk category may not be a reliable indication of the future risk profile of the fund, is not guaranteed and may change over time. n The lowest category does not mean a "risk free" investment. n The

Morningstar Rating
More information about the calculation of the Morningstar Ratings
Neutral
Neutral
Risk and reward profile
4
Lower Risk
Possible Lower
Returns
Higher Risk
Possible Higher
Returns
Key Information
Closing Price 10/07/202020.48
Morningstar categoryEUR High Yield Bond
CurrencyEUR
Distribution statusAccumulating
ISINLU0251130802
Inception Date03/07/2006
Minimum initial amount100.00 EUR
Fees And Charges
Entry feeNone
Custody feeNone
Exit feeNone
Ongoing charge1.39% of which 0.40% is paid to MeDirect
Fund management company
AddressFidelity (FIL Inv Mgmt (Lux) S.A.) 2a, rue Albert Borschette Luxembourg L-1246 Luxembourg
Manager NameAndrei Gorodilov
Manager Start Date01/02/2013
Websitewww.fidelity-international.com
Total Net Assets (mil)2,639.06 EUR (30/06/2020)
UCITSYes
AdministratorFIL Investment Management (Lux) S.A

Documents

Prospectus
en 31/12/2019
Annual Report
en 31/10/2019
Semi Annual Report
en 31/10/2019
Morningstar Report
10/07/2020

Performance

Historical returns are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Entry fees, purchase charges, custody fees, exit fees, sale charges and taxes are not included in the calculation of past performance. Ongoing charges (including management fees, administrative fees and other costs) have been taken in to account, as they are already included in the price/NAV of the fund.
Annualised performance in EUR
PeriodAnnualised returnDate
1 year-1.91%09/07/2020
3 years1.06%09/07/2020
5 years2.83%09/07/2020
10 years5.21%09/07/2020
Since launch5.25%09/07/2020
Cumulative performance in EUR
Performance
YTD 01/01/2020-5.27
1 month-1.11
3 months7.95
6 months-5.57
Quarterly Returns
Q 1Q 2Q 3Q 4
2020-15.25%11.18%--
20195.21%3.17%1.68%2.12%
2018-1.03%-1.93%0.76%-3.66%
20171.88%2.00%1.86%0.39%
20160.51%2.97%3.49%1.00%
Dividend

Asset Allocation
% Long% Short% Net Assets
Stock0.23%0.00%0.23%
Bond97.36%9.43%87.93%
Cash24.17%19.90%4.28%
Other7.56%0.00%7.56%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
16.8410.068.37
Sharpe Ratio
-0.020.170.40
Sortino Ratio
-0.020.200.49
Positive Months10.0023.0037.00
Negative Months2.0013.0023.00
Worst Month-14.18-14.18-14.18
World Regions
Region%
Japan0.15
Eurozone0.09
Stock Sector Weighting
Sector% of Equity
Communication Services0.20
Financial Services0.03
Top 10 Holdings
HoldingSectorCountry% of Assets
Fidelity ILF - EUR A Acc Ireland6.24
5 Year Treasury Note Future Sept 20 30/09/2020United States4.17
Ultra 10 Year US Treasury Note Future Sept 20 30/09/2020United States2.67
Euro Bobl Future June 20 30/06/2020Germany1.94
Altice Luxembourg S.A. 8% 15/05/2027France1.80
Orano SA 3.38% 23/04/2026France1.53
ContourGlobal Power Holdings S.A. 4.12% 01/08/2025United States1.18
Lincoln Financing S.a. r.l 3.62% 01/04/2024Netherlands1.15
Nexi SPA 1.75% 24/04/2027Italy1.14
Virgin Media Sec Finance PLC 6.25% 28/03/2029United Kingdom1.07
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Equity Style
Large
Size
Mid
Small
Value
Blend
Growth
Style
20.48
Closing Price
All key information and documents must be reviewed before being able to Invest.