Fidelity Funds - Italy Fund Y-Acc-EUR

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Performance History31/12/2021
Growth of 1,000 (GBP) Advanced Graph
Fidelity Funds - Italy Fund Y-Acc-EUR
Fund18.8-18.119.95.326.7
+/-Cat-7.4-3.01.13.43.5
+/-B’mrk-5.1-5.2-5.23.46.7
 
Key Stats
NAV
18/01/2022
 EUR 14.10
Day Change -1.02%
Morningstar Category™ Italy Equity
ISIN LU0318940342
Fund Size (Mil)
31/12/2021
 EUR 342.57
Share Class Size (Mil)
18/01/2022
 EUR 54.97
Max Initial Charge -
Ongoing Charge
17/02/2021
  1.08%
Morningstar Research
Analyst Report

Fidelity Italy is a fundamentally sound strategy benefitting from an expert lead manager and a strong research edge. The fund’s cheapest share classes earn a Morningstar Analyst Rating of Silver, while more expensive shares land at Bronze and...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
PeopleAbove Average
ParentAbove Average
ProcessAbove Average
Performance
Price
Investment Objective: Fidelity Funds - Italy Fund Y-Acc-EUR
The fund aims to provide long-term capital growth by investing principally in Italian equity securities. The fund is actively managed and references the FTSE Italia All Share Index (the ‘Index’) for performance comparison only. Portfolio Information: The fund shall invest at least 70% of its assets in shares issued by companies not engaged in real estate business, which are resident in Italy or in another EU or EEA Member State with a permanent establishment in Italy. The fund cannot invest more than 10% of its assets in financial instruments issued by, or entered into with the same company, or companies belonging to the same group, or in cash deposits. The fund cannot invest in financial instruments issued by, or entered into with, companies which are not resident in countries that allow an adequate exchange of information with Italy. Investments in derivatives are permitted only outside the above 70% threshold and exclusively for hedging purposes.
Returns
Trailing Returns (GBP)18/01/2022
YTD-2.06
3 Years Annualised14.55
5 Years Annualised8.35
10 Years Annualised10.80
12 Month Yield 0.00
Management
Manager Name
Start Date
Alberto Chiandetti
01/03/2018
Andrea Fornoni
01/03/2018
Inception Date
22/10/2007
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Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE Italia AllShare TR EURFTSE Italia AllShare TR EUR
Target Market
Role In Portfolio
Standalone / CoreNot Specific
ComponentNot Specific
OtherNot Specific
Primary Objective
PreservationNot Specific
GrowthYes
IncomeNot Specific
HedgingNot Specific
OtherNot Specific
Portfolio Profile for  Fidelity Funds - Italy Fund Y-Acc-EUR30/11/2021
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.140.0097.14
Bond0.160.000.16
Property0.000.000.00
Cash3.380.692.69
Other0.010.000.01
Top 5 Regions%
Eurozone94.39
United Kingdom3.45
Asia - Developed2.16
United States0.00
Canada0.00
Top 5 Sectors%
Consumer Cyclical25.53
Financial Services17.90
Utilities14.31
Technology13.60
Industrials12.02
Top 5 HoldingsSector%
Enel SpAUtilitiesUtilities8.23
UniCredit SpAFinancial ServicesFinancial Services7.70
Intesa SanpaoloFinancial ServicesFinancial Services6.58
EXOR NVConsumer CyclicalConsumer Cyclical5.64
Moncler SpAConsumer CyclicalConsumer Cyclical4.22
Fidelity Funds - Italy Fund Y-Acc-EUR

Related

* This share class has performance data calculated prior to the inception date, 2007-10-22. This is based upon a simulated/extended track record, using the track record of Fidelity Italy A-Dis-EUR (ISIN: LU0048584766), and is in accordance with Morningstar’s Extended Performance Methodology paper. To find out more about this, click here.
In order to provide consistency across the report data provided by different Asset Managers, the calculated data points presented are generated using Morningstar’s proprietary calculation methodology which is set out in more detail at(https://www.morningstar.com/research/signature)