Fidelity (Onshore) European Class W Acc
Report And Accounts
Simplified Prospectus / KIID
Private Investor Factsheet
Professional Investor Factsheet
Performance
Discrete performance - to last month end
| 30/06/19 to 30/06/20 |
30/06/20 to 30/06/21 |
30/06/21 to 30/06/22 |
30/06/22 to 30/06/23 |
30/06/23 to 30/06/24 |
|
|---|---|---|---|---|---|
| Fund | 6.3% | 16.7% | -4.4% | 19.7% | 12.7% |
| Sector | 0.9% | 23.7% | -12.6% | 18.4% | 11.7% |
| Rank | 21/128 | 118/130 | 12/135 | 68/140 | 59/141 |
| Quartile | 1 | 4 | 1 | 2 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/06/24 |
5 Years to 30/06/24 |
10 Years to 30/06/24 |
||
| Fund | 8.9% | 9.9% | 10.6% | |
| Sector | 4.9% | 7.6% | 8.0% | |
| Rank | 13/135 | 16/128 | 7/97 | |
| Quartile | 1 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| NOVO NORDISK A/S | 7.09 |
| ASML HOLDING N.V. | 6.38 |
| NESTLE S.A. | 5.23 |
| LVMH MOET HENNESSY LOUIS VUITTON | 4.77 |
| TOTAL SE | 4.43 |
| SAP SE | 4.21 |
| ROCHE HLDG AG | 3.69 |
| L'OREAL | 3.40 |
| ESSILORLUXOTTICA | 2.86 |
| 3i Group Plc 3i Group Plc Ord GBP0.738636 | 2.56 |
| Total | 44.63 |
Fund Aims
The Fund’s investment objective is to achieve long term capital growth from a portfolio primarily made up of the shares of continental European companies. The portfolio is likely to have a bias towards medium-sized and smaller companies. However, the Authorised Corporate Director is Not restricted in the choice of company either by size or industry, or in terms of the geographical split of the portfolio, which is largely determined by the availability of attractive investment opportunities rather than the outlook for each market.
Fund Manager
TBC
Sam Morse joined Fidelity in 1990 as a Research Analyst covering pan-European retail sectors and US furniture and carpet sectors. In 1994 he became Portfolio Manager, managing several retail UK equity funds and mandates. In 1997 Sam joined M&G as Head of UK Equities. During his time at M&G, Sam was responsible for a number of retail UK Equity Funds including the M&G UK Growth Fund. In June 2004, Sam rejoined Fidelity as Head of the Institutional UK Equity Team. This role incorporated developing UK equity solutions for institutional clients as well as managing UK equity portfolios. From December 2009 Sam has managed the FIF European Fund. He also took over the responsibility for managing European Values PLC from January 2011. Prior to joining Fidelity, Sam spent two years working for Hoare Govett in their Far East Equity Sales team. He has an M.B.A from INSEAD, France, as well as a BA from the University of North Carolina.
Fund Overview
| Mid (19/07/2024) | 2796.00p |
| Historic yield | 1.25% |
| Fund size (30/04/2024) | £4394.96m |
| Number of holdings | 205 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.91% |
| Launch date | 13/11/2013 |
Asset Allocation
| International Equities | 94.76% | |
| UK Equities | 4.21% | |
| Cash and Equivalents | 0.62% | |
| Money Market | 0.27% | |
| International Bonds | 0.01% | |
| Other Assets | 0.14% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 94.76% | |
| UK Equities | 4.21% | |
| Cash and Equivalents | 0.62% | |
| Money Market | 0.27% | |
| International Bonds | 0.01% | |
| Other Assets | 0.14% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 18.95% | - | - | - | |
| Financial Services | - | 7.98% | - | - | |
| Investment Banking & Brokerage Services | - | - | 7.98% | - | |
| Asset Managers & Custodians | - | - | - | 5.62% | |
| Investment Services | - | - | - | 2.35% | |
| Banks | - | 7.23% | - | - | |
| Banks | - | - | 7.23% | - | |
| Banks | - | - | - | 7.23% | |
| Insurance | - | 3.75% | - | - | |
| Non-life Insurance | - | - | 3.75% | - | |
| Property & Casualty Insurance | - | - | - | 1.92% | |
| Full Line Insurance | - | - | - | 1.83% | |
| Health Care | 18.39% | - | - | - | |
| Health Care | - | 18.39% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 14.82% | - | |
| Pharmaceuticals | - | - | - | 13.24% | |
| Biotechnology | - | - | - | 1.58% | |
| Medical Equipment & Services | - | - | 3.57% | - | |
| Medical Supplies | - | - | - | 2.86% | |
| Medical Equipment | - | - | - | 0.71% | |
| Industrials | 16.46% | - | - | - | |
| Industrial Goods & Services | - | 12.61% | - | - | |
| Electronic & Electrical Equipment | - | - | 3.48% | - | |
| Electrical Components | - | - | - | 3.48% | |
| Industrial Engineering | - | - | 3.46% | - | |
| Machinery: Industrial | - | - | - | 2.14% | |
| Machinery: Construction & Handling | - | - | - | 1.32% | |
| Industrial Support Services | - | - | 3.45% | - | |
| Professional Business Support Services | - | - | - | 2.66% | |
| Transaction Processing Services | - | - | - | 0.79% | |
| Aerospace & Defence | - | - | 1.31% | - | |
| Aerospace | - | - | - | 1.31% | |
| General Industrials | - | - | 0.91% | - | |
| Containers & Packaging | - | - | - | 0.91% | |
| Construction & Materials | - | 3.85% | - | - | |
| Construction & Materials | - | - | 3.85% | - | |
| Building Materials: Other | - | - | - | 3.85% | |
| Consumer Discretionary | 14.58% | - | - | - | |
| Consumer Products & Services | - | 11.41% | - | - | |
| Personal Goods | - | - | 11.41% | - | |
| Clothing & Accessories | - | - | - | 7.14% | |
| Cosmetics | - | - | - | 3.40% | |
| Footwear | - | - | - | 0.87% | |
| Travel & Leisure | - | 3.17% | - | - | |
| Travel & Leisure | - | - | 3.17% | - | |
| Casinos & Gambling | - | - | - | 1.52% | |
| Restaurants & Bars | - | - | - | 0.84% | |
| Airlines | - | - | - | 0.81% | |
| Technology | 14.08% | - | - | - | |
| Technology | - | 14.08% | - | - | |
| Software & Computer Services | - | - | 7.71% | - | |
| Software | - | - | - | 5.92% | |
| Computer Services | - | - | - | 1.79% | |
| Technology Hardware & Equipment | - | - | 6.38% | - | |
| Production Technology Equipment | - | - | - | 6.38% | |
| Consumer Staples | 6.52% | - | - | - | |
| Food, Beverage & Tobacco | - | 6.52% | - | - | |
| Food Producers | - | - | 6.52% | - | |
| Food Products | - | - | - | 6.52% | |
| Energy | 4.43% | - | - | - | |
| Energy | - | 4.43% | - | - | |
| Non-Renewable Energy | - | - | 4.43% | - | |
| Integrated Oil & Gas | - | - | - | 4.43% | |
| Basic Materials | 3.91% | - | - | - | |
| Chemicals | - | 3.91% | - | - | |
| Chemicals | - | - | 3.91% | - | |
| Chemicals: Diversified | - | - | - | 3.91% | |
| Utilities | 1.65% | - | - | - | |
| Utilities | - | 1.65% | - | - | |
| Electricity | - | - | 1.65% | - | |
| Conventional Electricity | - | - | - | 1.65% | |
| Cash and Equivalents | 0.89% | - | - | - | |
| Non-Classified | 0.14% | - | - | - | |
| Bonds | 0.01% | - | - | - | |
Regional Allocation
| Developed Europe - Excl UK | 94.77% | |
| UK | 4.21% | |
| Cash and Equivalents | 0.89% | |
| Non-Classified | 0.14% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 99.37% | |
| Cash | 0.62% | |
| Euro | 0.01% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 94.77% | - | |
France
|
- | 27.11% | |
Switzerland
|
- | 19.98% | |
Germany
|
- | 10.56% | |
Netherlands
|
- | 7.59% | |
Denmark
|
- | 7.09% | |
Sweden
|
- | 4.49% | |
Finland
|
- | 4.06% | |
Italy
|
- | 3.66% | |
Spain
|
- | 3.01% | |
Ireland
|
- | 2.90% | |
Belgium
|
- | 1.62% | |
Monaco
|
- | 1.52% | |
Norway
|
- | 1.17% | |
| UK | 4.21% | - | |
United Kingdom
|
- | 4.21% | |
| Cash and Equivalents | 0.89% | - | |
| Non-Classified | 0.14% | - | |
Breakdown By Market Cap (%)
| Mega |
|
67.10% |
| Large |
|
11.84% |
| Medium |
|
5.51% |
| Non-Classified |
|
14.66% |
| Bonds |
|
0.01% |
| Cash |
|
0.89% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | NOVO NORDISK A/S | 7.09% | Pharmaceuticals & Biotechnology | Denmark |
| 2 | ASML HOLDING N.V. | 6.38% | Technology Hardware & Equipment | Netherlands |
| 3 | NESTLE S.A. | 5.23% | Food Producers | Switzerland |
| 4 | LVMH MOET HENNESSY LOUIS VUITTON | 4.77% | Personal Goods | France |
| 5 | TOTAL SE | 4.43% | Non-Renewable Energy | France |
| 6 | SAP SE | 4.21% | Software & Computer Services | Germany |
| 7 | ROCHE HLDG AG | 3.69% | Pharmaceuticals & Biotechnology | Switzerland |
| 8 | L'OREAL | 3.40% | Personal Goods | France |
| 9 | ESSILORLUXOTTICA | 2.86% | Medical Equipment & Services | France |
| 10 | 3i Group Plc 3i Group Plc Ord GBP0.738636 | 2.56% | Investment Banking & Brokerage Services | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 14.08% | - | - | - | - | - | - | 14.08% |
| Financials | 2.56% | 16.39% | - | - | - | - | - | - | 18.95% |
| Consumer Discretionary | - | 14.58% | - | - | - | - | - | - | 14.58% |
| Consumer Staples | - | 6.52% | - | - | - | - | - | - | 6.52% |
| Energy | - | 4.43% | - | - | - | - | - | - | 4.43% |
| Utilities | - | 1.65% | - | - | - | - | - | - | 1.65% |
| Health Care | - | 18.39% | - | - | - | - | - | - | 18.39% |
| Industrials | 1.65% | 14.81% | - | - | - | - | - | - | 16.46% |
| Basic Materials | - | 3.91% | - | - | - | - | - | - | 3.91% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.62% | 0.62% |
| Bonds | - | - | - | 0.01% | - | - | - | - | 0.01% |
| Non-Classified | - | - | - | - | - | - | 0.14% | 0.27% | 0.40% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | BFRT350 |
| Mex Code | - |
| Isin Code | GB00BFRT3504 |
| Citi Code | JTXX |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.91% |
Aims and Benchmark
| Aims | The Fund’s investment objective is to achieve long term capital growth from a portfolio primarily made up of the shares of continental European companies. The portfolio is likely to have a bias towards medium-sized and smaller companies. However, the Authorised Corporate Director is Not restricted in the choice of company either by size or industry, or in terms of the geographical split of the portfolio, which is largely determined by the availability of attractive investment opportunities rather than the outlook for each market. |
| Benchmark | MSCI Eur ex UK Index (NUK) |
| Benchmark Category | - |
| IA Sector | Europe Excluding UK |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £0.25 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 March | 30 April |
| 01 September | 31 October |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | J.P. Morgan Trustee and Depositary Company Limited |
| Fund Administrator | Internal |
| Fund Registrar | Internal |
| Fund Custodian | J.P. Morgan Trustee and Depositary Company Limited |
Group Details
| Group name | Fidelity International (Onshore) |
| Group address | Oakhill House 130 Tonbridge Road Hildenborougha Kent TN11 9DZ |
| Group telephone | 0800 41 41 81 |
| Dealing telephone | 0800 41 41 81 |
| brokerline@uk.fid-intl.com | |
| Homepage | www.fidelity.co.uk |
| Fax number | 0800 783 9646 |
Dealing
| Minimum Investment | £1000 |
| Minimum Top Up | £250 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 2 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 4.77 |
| Beta | 0.83 |
| Sharpe | 0.47 |
| Standard Deviation | 11.43 |
| Info Ratio | 1.06 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | Yes |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | Yes |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Derivative Exposure
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
Umbrella Liabilities
If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.