Morningstar
Get 14 Days Free

Fidelity European Fund W Acc

Performance History30/06/2020
Growth of 1,000 (GBP) Advanced Graph
Fidelity European Fund W Acc
Fund17.919.3-3.922.62.8
+/-Cat1.62.47.93.34.7
+/-B’mrk-0.73.56.02.65.3
 
Category: Europe ex-UK Equity
Category Benchmark: MSCI Europe Ex UK NR EUR
Key Stats
NAV
14/07/2020		 GBX 1926.00
Day Change -0.05%
Morningstar Category™ Europe ex-UK Equity
IA (formerly IMA) Sector Europe Excluding UK
ISIN GB00BFRT3504
Fund Size (Mil)
30/06/2020		 GBP 2812.54
Share Class Size (Mil)
14/07/2020		 GBP 1994.46
Max Initial Charge -
Ongoing Charge
29/02/2020		  0.92%
Morningstar Research
Analyst Report

The experienced manager, the backing of a well-resourced team, and the consistent and measured application of an established process mean there are several positives to Fidelity European. We have therefore upgraded the clean W share class to a...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
PeopleAbove Average
ParentAbove Average
ProcessAbove Average
Performance
Price
Investment Objective: Fidelity European Fund W Acc
The fund aims to increase the value of your investment over a period of 5 years or more by investing at least 80% in equities (and their related securities) of companies domiciled, incorporated or having significant business in continental Europe and those which are listed in the region. The manager will, when selecting investments for the fund and for the purposes of monitoring risk, consider the MSCI Europe ex UK Index. However, the manager has a wide degree of freedom relative to the index and may take larger, or smaller positions in companies, and/or may invest outside the index, to take advantage of investment opportunities. This means the fund’s investments and therefore performance may vary significantly from the index.
Returns
Trailing Returns (GBP)14/07/2020
YTD4.56
3 Years Annualised8.55
5 Years Annualised10.98
10 Years Annualised*10.38
12 Month Yield 1.62
Management
Manager Name
Start Date
Sam Morse
01/12/2009
Inception Date
13/11/2013
Advertisement
Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI Europe Ex UK NR EURMSCI Europe Ex UK NR 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 European Fund W Acc31/05/2020
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.260.0097.26
Bond0.110.000.11
Property0.000.000.00
Cash1.680.810.87
Other1.760.001.76
Top 5 Regions%
Eurozone61.24
Europe - ex Euro35.39
United Kingdom3.36
United States0.01
Canada0.00
Top 5 Sectors%
Healthcare21.05
Financial Services14.43
Consumer Defensive13.97
Industrials12.10
Technology11.85
Top 5 HoldingsSector%
Nestle SAConsumer DefensiveConsumer Defensive7.59
Roche Holding AG Dividend Right ... HealthcareHealthcare6.43
SAP SETechnologyTechnology4.35
LVMH Moet Hennessy Louis Vuitton SEConsumer CyclicalConsumer Cyclical4.19
ASML Holding NVTechnologyTechnology4.12
Increase Decrease New since last portfolio
Fidelity European Fund W Acc

Related

Fund Research & Insights
3 Biggest and Best Europe Funds
Morningstar fund analyst Sam Meakin reveals the three largest funds in the Europe ex-UK sector, and the three best performing
Samuel Meakin
Fund Research & Insights
Fidelity Fulcrum Fees Too Complex say Analysts
Performance fund fees add another layer of complexity say Morningstar analysts. Most asset managers are trying to simplify the experience of the end i...
Peter Brunt
Fund Research & Insights
Fidelity Fee Change and New Income Options
NEWS YOU CAN USE: This month saw a flurry of income fund launches and further details of Fidelity’s new performance fee
Emma Simon
Fund Rating News
Morningstar's Manager Check Up
REAFFIRMED RATINGS: Morningstar's Jonathan Miller explains why analysts positively rate Veritas Asian, Henderson Strategic Bond and Fidelity European
Jonathan Miller
Fund Rating News
Morningstar Fund Ratings: Weekly Round-up
Our weekly round-up of changes to funds' Morningstar Analyst Ratings includes four upgrades and four downgrades
Jeffrey Schumacher
Professional Investor
How to Invest for Income
A regular income is important to many investors, but it's important to look beyond yield when choosing the right funds for the job
Rajesh Yadav
Economic Insights
Chancellor Slashes Stamp Duty and VAT
Measures to boost the housing market and hospitality sector are just some of the measures announced to revitalise UK economy 
James Gard
Fund Research & Insights
Why Do Funds Soft Close?
Polar Capital Global Technology is the latest fund to "soft close". But how does a soft close work, why do fund firms do it, and what does it mean for...
James Gard
Investment Trust Research & Insights
Best and Worst Performing Investment Trusts of 2020 So Far
Some tech-focused investment trusts have managed outsized returns in the face of some of the most difficult market conditions in decades
James Gard
Fund Rating News
Morningstar Fund Ratings: Weekly Round-up
Our weekly round-up of changes to funds' Morningstar Analyst Ratings includes seven upgrades and six downgrades
Ronald van Genderen
* This share class has performance data calculated prior to the inception date, 2013-11-13. This is based upon a simulated/extended track record, using the track record of Fidelity European Acc (ISIN: GB0003874798), 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)

Audience Confirmation

By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.
  • Other Morningstar Websites
© Copyright 2020 Morningstar, Inc. All rights reserved.      Terms of Use     Privacy Policy.    Cookie Consent
© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies

The Morningstar Star Rating for Stocks is assigned based on an analyst's estimate of a stocks fair value. It is projection/opinion and not a statement of fact. Morningstar assigns star ratings based on an analyst’s estimate of a stock's fair value. Four components drive the Star Rating: (1) our assessment of the firm’s economic moat, (2) our estimate of the stock’s fair value, (3) our uncertainty around that fair value estimate and (4) the current market price. This process culminates in a single-point star rating that is updated daily. A 5-star represents a belief that the stock is a good value at its current price; a 1-star stock isn't. If our base-case assumptions are true the market price will converge on our fair value estimate over time, generally within three years. Investments in securities are subject to market and other risks. Past performance of a security may or may not be sustained in future and is no indication of future performance. For detail information about the Morningstar Star Rating for Stocks, please visit here

Quantitative Fair Value Estimate represents Morningstar’s estimate of the per share dollar amount that a company’s equity is worth today. The Quantitative Fair Value Estimate is based on a statistical model derived from the Fair Value Estimate Morningstar’s equity analysts assign to companies which includes a financial forecast of the company. The Quantitative Fair Value Estimate is calculated daily. It is a projection/opinion and not a statement of fact. Investments in securities are subject to market and other risks. Past performance of a security may or may not be sustained in future and is no indication of future performance. For detail information about the Quantiative Fair Value Estimate, please visit here