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Fidelity Funds - Italy Fund I-Acc-EUR

Performance History31/10/2019
Growth of 1,000 (GBP) Advanced Graph
Fidelity Funds - Italy Fund I-Acc-EUR
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Key Stats
NAV
18/11/2019
 EUR 11.32
Day Change -0.74%
Morningstar Category™ Italy Equity
ISIN LU1946852545
Fund Size (Mil)
31/10/2019
 EUR 317.40
Share Class Size (Mil)
18/11/2019
 EUR 0.00
Max Initial Charge -
Ongoing Charge
21/02/2019
  0.90%
Investment Objective: Fidelity Funds - Italy Fund I-Acc-EUR
The investment seeks to provide long-term capital growth by investing principally in Italian equity securities. 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. At least 30% of these shares, which corresponds to 21% of the fund’s assets, shall be issued by companies which are not listed in the FTSE MIB index or in any equivalent indices. 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. It cannot invest in financial instruments issued by companies which are not resident in countries that allow an adequate exchange of information with Italy.
Returns
Trailing Returns (GBP)18/11/2019
YTD-
3 Years Annualised-
5 Years Annualised-
10 Years Annualised-
12 Month Yield -
Management
Manager Name
Start Date
Alberto Chiandetti
01/10/2008
Andrea Fornoni
01/03/2018
Inception Date
27/02/2019
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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 I-Acc-EUR30/09/2019
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock96.210.0096.21
Bond0.100.000.10
Property0.000.000.00
Cash4.460.773.69
Other0.000.000.00
Top 5 Regions%
Eurozone94.72
Asia - Developed4.00
United Kingdom1.27
United States0.00
Canada0.00
Top 5 Sectors%
Financial Services31.27
Utilities15.38
Consumer Cyclical13.63
Energy11.36
Industrials11.23
Top 5 HoldingsSector%
Enel SpAUtilitiesUtilities9.90
UniCredit SpAFinancial ServicesFinancial Services9.04
Eni SpAEnergyEnergy7.58
Intesa SanpaoloFinancial ServicesFinancial Services7.48
Atlantia SpAIndustrialsIndustrials5.26
Fidelity Funds - Italy Fund I-Acc-EUR
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)

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