Prudential Fidelity European S2
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 | 4.1% | 12.1% | -4.8% | 14.7% | 9.3% |
| Sector | 0.3% | 19.2% | -11.3% | 14.9% | 10.3% |
| Rank | 57/172 | 164/172 | 22/172 | 106/172 | 127/172 |
| Quartile | 2 | 4 | 1 | 3 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/06/24 |
5 Years to 30/06/24 |
10 Years to 30/06/24 |
||
| Fund | 6.1% | 6.9% | 7.8% | |
| Sector | 4.0% | 6.1% | 6.7% | |
| Rank | 57/172 | 93/172 | 42/164 | |
| Quartile | 2 | 3 | 2 | |
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
Objective: The investment strategy of the fund is to purchase units in the Fidelity European Fund - the underlying fund.
Underlying Fund Objective: The fund aims to increase the value of your investment over a period of 5 years or more and provide a growing level of income. The fund will invest 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). Derivatives may also be used for the purposes of efficient portfolio management (EPM) or for investment purposes.
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
| Bid (19/07/2024) | 319.80 |
| Offer (19/07/2024) | 336.60 |
| Fund size (31/05/2024) | £8.42m |
| Underlying Fund size | £4394.96m |
| Number of holdings | 205 |
| Launch date | 20/10/2008 |
Fund Charges
| Annual Management Charge (AMC) | 1.75% |
| Further Costs | 0.18% |
| Yearly Total | 1.93% |
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
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
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 fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs 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 net 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
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
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 | B3BW221 |
| Mex Code | PUFIEU |
| Isin Code | GB00B3BW2218 |
| Citi Code | D9Y8 |
Fund Charges
| Annual Management Charge (AMC) | 1.75% |
| Further Costs | 0.18% |
| Yearly Total | 1.93% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the Fidelity European Fund - the underlying fund. Underlying Fund Objective: The fund aims to increase the value of your investment over a period of 5 years or more and provide a growing level of income. The fund will invest 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). Derivatives may also be used for the purposes of efficient portfolio management (EPM) or for investment purposes. |
| Benchmark | MSCI Eur ex UK Index (NUK) |
| Sector | ABI Europe excluding UK Equities |
Ratings
| FE Crown |  |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Charges and further costs 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 | 2.58 |
| Beta | 0.82 |
| Sharpe | 0.27 |
| Standard Deviation | 9.49 |
| Info Ratio | 0.58 |
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
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
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
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
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 fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs 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 net 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.