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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 The fund aims to provide a high level of current income and capital growth. The type of debt securities in which the fund will primarily invest will be subject to high risk and will not be required to meet a minimum rating standard. Most but not all will be rated for creditworthiness by an internationally recognised rating agency. n The fund will invest at least 70% in high-yielding, sub investment grade bonds of issuers that have their head office or the main part of their activity in Western, Central and Eastern Europe (including Russia). n The fund will invest at least 50% of its net assets in securities that maintain sustainable characteristics. On an ongoing basis, the fund will consider a wide range of environmental and social characteristics such as climate change mitigation and adaptation, water and waste management, biodiversity, product safety, supply chain, health and safety and human rights. n The fund adheres to the firm-wide exclusion list which includes but is not limited to, cluster munitions and anti-personnel landmines. Equally, issuers which the Investment Manager considers have failed to conduct their business in accordance with accepted international norms, including as set out in the United Nations Global Compact, will not form part of the fund’s investment universe, in accordance with the norms- based screening applied by the Investment Manager. n This region includes countries considered to be emerging markets. n Less than 30% of the fund’s total net assets will be invested in hybrids and Cocos, with less than 20% of the total net assets to be invested in Cocos. n The fund 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 The fund has the freedom to invest outside its principal geographies, market sectors, industries or asset classes. n The fund may invest in assets directly or achieve exposure indirectly through other eligible means including derivatives. The fund 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 Investments may be made in currencies other than the fund’s reference currency. Exposure to currencies may be hedged, for example with currency forward contracts.

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 09/04/202122.48
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 charge1.40% 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)2,804.09 EUR (31/03/2021)
UCITSYes
AdministratorFIL Investment Management (Lux) S.A

Documents

Prospectus
en 01/01/2021
Annual Report
en 30/04/2020
Semi Annual Report
en 31/10/2020
Morningstar Report
12/04/2021

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 year18.38%09/04/2021
3 years3.65%09/04/2021
5 years4.60%09/04/2021
10 years4.97%09/04/2021
Since launch5.64%09/04/2021
Cumulative performance in EUR
Performance
YTD 01/01/20212.32
1 month0.99
3 months1.26
6 months6.44
Quarterly Returns
Q 1Q 2Q 3Q 4
20211.78%---
2020-15.25%11.18%2.55%5.07%
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%
Dividend

Analysis

Asset Allocation
% Long% Short% Net Assets
Stock0.10%0.00%0.10%
Bond97.75%4.34%93.41%
Cash28.51%29.96%-1.45%
Other7.94%0.00%7.94%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
7.2410.458.29
Sharpe Ratio
2.870.430.64
Sortino Ratio
21.780.520.81
Positive Months11.0026.0041.00
Negative Months1.0010.0019.00
Worst Month-0.99-14.18-14.18
World Regions
Region%
Eurozone0.10
Stock Sector Weighting
Sector% of Equity
Financial Services0.05
Communication Services0.05
Top 10 Holdings
HoldingSectorCountry% of Assets
Fidelity ILF - EUR A Acc Ireland7.66
5 Year Treasury Note Future June 21 30/06/2021United States2.66
Electricite de France SA 3.38% France1.68
Altice Luxembourg S.A. 8% 15/05/2027France1.48
Orano SA 3.38% 23/04/2026France1.44
Bellis Acquisition Company Plc 3.25% 16/02/2026United Kingdom1.36
Sigma Holdco BV 5.75% 15/05/2026Netherlands1.28
Euro Bobl Future June 21 30/06/2021Germany1.28
Faurecia S.E. 3.75% 15/06/2028France1.26
Virgin Media Sec Finance PLC 4.12% 15/08/2030United Kingdom1.23
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
Fixed Income Style
Large
Interest Rate Sensitivity
Mid
Small
Value
Blend
Growth
Credit Quality
22.48
Closing Price
All key information and documents must be reviewed before being able to Invest.