Fidelity Funds - Global High Yield Fund A-MINCOME-EUR (hedged)
Sub-fund of 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) 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 in high-yielding, sub investment grade bonds of issuers globally. n The fund may invest its net assets directly in onshore China bonds listed or traded on any eligible market in China. n Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. n Investments are concentrated in a more limited number of bonds and therefore the resulting portfolio will be less diversified. 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 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 Income is paid to shareholders out of net investment income for most of the time. The fund seeks to maintain a stable payment per share so far as is reasonable. The payment is not fixed and will vary according to economic and other circumstances, and the ability of the fund to support stable payments without a long-term positive or negative impact on its capital. This may occasionally result in income payment coming out of the capital. n Shares can usually be bought and sold each business day of the fund. n As this fund may invest globally, it may invest in countries considered to be emerging markets. n The fund is unconstrained in the amount it may invest in any single country or region.

Morningstar Rating
More information about the calculation of the Morningstar Ratings
Risk and reward profile
3
Lower Risk
Possible Lower
Returns
Higher Risk
Possible Higher
Returns
Key Information
Closing Price 05/12/20199.57
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
Purchase charge0.5% (subject to minimum)
Custody feeNone
Exit feeNone
Sale chargeNone
Ongoing charge1.43% of which 0.40% is paid by the Fund Manager 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)201.09 EUR (30/11/2019)
UCITSYes
AdministratorFIL Investment Management (Lux) S.A

Legal Documents

Prospectus
en 13/09/2019
Annual Report
en 30/04/2019
Semi Annual Report
en 31/10/2018
Morningstar Report
06/12/2019

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 year5.91%05/12/2019
3 years2.17%05/12/2019
5 years2.63%05/12/2019
Since launch3.86%05/12/2019
Cumulative performance in EUR
Performance
YTD 01/01/20197.80%
1 month-0.12%
3 months0.40%
6 months1.71%
Quarterly Returns
Q 1Q 2Q 3Q 4
20195.26%1.85%0.18%-
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%
20151.99%0.72%-4.43%-1.23%
Dividend
Date ex dividendGross dividendPayment Date
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
Stock0.73%0.00%0.73%
Bond96.48%12.91%83.57%
Cash52.33%41.70%10.63%
Other8.80%3.73%5.07%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
4.183.614.86
Sharpe Ratio
1.480.720.58
Sortino Ratio
3.171.181.02
Positive Months8.0021.0032.00
Negative Months4.0015.0028.00
Worst Month-1.68-1.93-2.75
World Regions
Region%
United States0.63
Eurozone0.10
Stock Sector Weighting
Sector% of Equity
Communication Services0.26
Industrials0.25
Energy0.13
Basic Materials0.09
Financial Services0.00
Top 10 Holdings
HoldingSectorCountry% of Assets
Fidelity ILF - USD A Acc Ireland9.13
Us 5yr Note (Cbt) Fut Dec19 Fvz9 31/12/2019United States6.55
CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.38% 01/06/2029United States1.81
Orano SA 3.38% 23/04/2026France1.45
Ally Financial Inc. 8% 01/11/2031United States1.24
Global Ship Lease Inc 9.88% 15/11/2022Marshall Islands1.22
Paprec Holding S.A 4% 31/03/2025France1.21
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
9.57
Closing Price
All key information and documents must be reviewed before being able to Invest.