Fidelity Funds - Global High Yield Fund A-MINCOME-EUR (hedged)
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 - Global High Yield Fund a sub-fund of Fidelity Funds A-MINCOME-Euro (hedged) (ISIN: LU0740037378 / WKN: A1JT9D) 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. n The fund will invest at least 70% in high-yielding, sub investment grade bonds of issuers globally. n Investments are concentrated in a more limited number of bonds and therefore the resulting portfolio will be less diversified. 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 As this fund may invest globally, it may invest in countries considered to be emerging markets. n The fund may invest up to 10% directly in onshore China bonds (with aggregate exposure including direct and indirect investments being less than 30%). 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. The fund's reference currency is the currency used for reporting and may be different from the currency of denomination of the investments. n Currency hedging is used to substantially reduce the risk of losses from unfavourable exchange rate movements. Currency look-through hedging is used to hedge the underlying currency effects to that of the hedged share class reference currency, thereby delivering the underlying market returns. In order to preserve returns from any active currency positions in the fund, such exposures are hedged with reference to the currency weights of a comparison index rather than to the currency denominations of the underlying securities. n The fund is actively managed and references the ICE Bank of America Merrill Lynch Q788 Custom Index (hedged to USD) (the ‘‘Benchmark’’). The Investment Manager has a wide range of discretion over the composition of the fund’s portfolio. It may take exposures that are not included in, and that have different weightings from, the Benchmark.

Morningstar Rating
More information about the calculation of the Morningstar Ratings
Risk and reward profile
4
Lower Risk
Possible Lower
Returns
Higher Risk
Possible Higher
Returns
Key Information
Closing Price 03/07/20208.90
Morningstar categoryGlobal High Yield Bond - EUR Hedged
CurrencyEUR
Distribution statusDistributing
ISINLU0740037378
Inception Date05/03/2012
Minimum initial amount100.00 EUR
Fees And Charges
Entry feeNone
Custody feeNone
Exit feeNone
Ongoing charge1.43% 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 NamePeter Khan
Manager Start Date05/03/2012
Websitewww.fidelity-international.com
Total Net Assets (mil)181.41 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
04/07/2020

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-4.16%02/07/2020
3 years-0.91%02/07/2020
5 years1.31%02/07/2020
Since launch3.03%02/07/2020
Cumulative performance in EUR
Performance
YTD 01/01/2020-6.12
1 month0.86
3 months12.87
6 months-6.21
Quarterly Returns
Q 1Q 2Q 3Q 4
2020-15.63%10.63%--
20195.26%1.85%0.18%2.23%
2018-1.38%-1.37%0.93%-5.35%
20171.98%1.03%1.22%0.36%
20162.35%4.50%4.18%1.37%
Dividend
Date ex dividendGross dividendPayment Date
02/01/20200.0409/01/2020
02/01/20190.0409/01/2019
02/01/20180.0409/01/2018
02/01/20170.0409/01/2017
04/01/20160.0411/01/2016
02/01/20150.0416/01/2015
02/01/20140.0416/01/2014
01/05/20120.0415/05/2012

Asset Allocation
% Long% Short% Net Assets
Stock0.16%0.00%0.16%
Bond102.96%3.92%99.04%
Cash51.09%56.68%-5.58%
Other6.38%0.00%6.38%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
16.729.968.51
Sharpe Ratio
-0.16-0.020.23
Sortino Ratio
-0.18-0.020.28
Positive Months8.0021.0035.00
Negative Months4.0015.0025.00
Worst Month-14.45-14.45-14.45
World Regions
Region%
United States0.16
Stock Sector Weighting
Sector% of Equity
Industrials0.16
Top 10 Holdings
HoldingSectorCountry% of Assets
5 Year Treasury Note Future June 20 30/06/2020United States7.37
Fidelity ILF - USD A Acc Ireland4.87
CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.38% 01/06/2029United States2.12
10 Year Government of Canada Bond Future June 20 30/06/2020Canada2.10
10 Year Australian Treasury Bond Future June 20 30/06/2020Australia1.75
Softbank Group Corp 4% 19/09/2029Japan1.56
Kraft Foods Group Inc. 7.12% 01/08/2039United States1.32
Telecom Italia S.p.A. 2.38% 12/10/2027Italy1.31
Lennar Corporation 5% 15/06/2027United States1.24
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
8.90
Closing Price
All key information and documents must be reviewed before being able to Invest.