Fidelity (Onshore) European Class W Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
31/03/24 to 31/03/25 |
|
|---|---|---|---|---|---|
| Fund | 26.7% | 11.2% | 9.9% | 14.7% | -2.1% |
| Sector | 39.6% | 4.2% | 6.5% | 12.3% | 0.9% |
| Rank | 110/119 | 6/123 | 26/128 | 47/129 | 95/130 |
| Quartile | 4 | 1 | 1 | 2 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/25 |
5 Years to 31/03/25 |
10 Years to 31/03/25 |
||
| Fund | 7.3% | 11.7% | 9.2% | |
| Sector | 6.5% | 11.9% | 7.3% | |
| Rank | 68/128 | 73/119 | 9/96 | |
| Quartile | 3 | 3 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| ASML HOLDING N.V. | 5.69 |
| SAP SE | 5.41 |
| NOVO NORDISK A/S | 5.05 |
| ROCHE HOLDING AG | 4.77 |
| NESTLE S.A. | 4.00 |
| TOTAL SE | 3.72 |
| L'OREAL | 3.00 |
| ESSILORLUXOTTICA | 2.95 |
| LVMH MOET HENNESSY LOUIS VUITTON | 2.90 |
| DEUTSCHE BORSE AKTIENGESELLSCHAFT | 2.73 |
| Total | 40.23 |
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 (01/04/2025) | 2815.00p |
| Historic yield | 1.32% |
| Fund size (31/01/2025) | £4381.68m |
| Number of holdings | 49 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.91% |
| Launch date | 15/10/2012 |
Asset Allocation
| International Equities | 93.83% | |
| UK Equities | 4.20% | |
| Cash and Equivalents | 0.37% | |
| Alternative Trading Strategies | 0.00% | |
| Other Assets | 1.60% |
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 | 93.83% | |
| UK Equities | 4.20% | |
| Cash and Equivalents | 0.37% | |
| Alternative Trading Strategies | 0.00% | |
| Other Assets | 1.60% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 21.95% | - | - | - | |
| Financial Services | - | 8.78% | - | - | |
| Investment Banking & Brokerage Services | - | - | 8.78% | - | |
| Asset Managers & Custodians | - | - | - | 6.05% | |
| Investment Services | - | - | - | 2.73% | |
| Banks | - | 8.43% | - | - | |
| Banks | - | - | 8.43% | - | |
| Banks | - | - | - | 8.43% | |
| Insurance | - | 4.73% | - | - | |
| Non-life Insurance | - | - | 4.73% | - | |
| Full Line Insurance | - | - | - | 2.46% | |
| Property & Casualty Insurance | - | - | - | 2.26% | |
| Health Care | 17.60% | - | - | - | |
| Health Care | - | 17.60% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 14.12% | - | |
| Pharmaceuticals | - | - | - | 12.31% | |
| Biotechnology | - | - | - | 1.81% | |
| Medical Equipment & Services | - | - | 3.48% | - | |
| Medical Supplies | - | - | - | 2.95% | |
| Medical Equipment | - | - | - | 0.52% | |
| Industrials | 16.63% | - | - | - | |
| Industrial Goods & Services | - | 12.31% | - | - | |
| Industrial Engineering | - | - | 3.71% | - | |
| Machinery: Industrial | - | - | - | 2.18% | |
| Machinery: Construction & Handling | - | - | - | 1.54% | |
| Industrial Support Services | - | - | 3.69% | - | |
| Professional Business Support Services | - | - | - | 3.03% | |
| Transaction Processing Services | - | - | - | 0.66% | |
| Electronic & Electrical Equipment | - | - | 2.54% | - | |
| Electrical Components | - | - | - | 2.54% | |
| Aerospace & Defence | - | - | 1.38% | - | |
| Aerospace | - | - | - | 1.38% | |
| General Industrials | - | - | 0.98% | - | |
| Containers & Packaging | - | - | - | 0.98% | |
| Construction & Materials | - | 4.32% | - | - | |
| Construction & Materials | - | - | 4.32% | - | |
| Building Materials: Other | - | - | - | 4.32% | |
| Technology | 14.89% | - | - | - | |
| Technology | - | 14.89% | - | - | |
| Software & Computer Services | - | - | 9.20% | - | |
| Software | - | - | - | 7.13% | |
| Computer Services | - | - | - | 2.07% | |
| Technology Hardware & Equipment | - | - | 5.69% | - | |
| Production Technology Equipment | - | - | - | 5.69% | |
| Consumer Discretionary | 13.48% | - | - | - | |
| Consumer Products & Services | - | 10.82% | - | - | |
| Personal Goods | - | - | 10.82% | - | |
| Clothing & Accessories | - | - | - | 5.56% | |
| Cosmetics | - | - | - | 3.00% | |
| Luxury Items | - | - | - | 1.66% | |
| Footwear | - | - | - | 0.60% | |
| Travel & Leisure | - | 2.66% | - | - | |
| Travel & Leisure | - | - | 2.66% | - | |
| Casinos & Gambling | - | - | - | 1.42% | |
| Airlines | - | - | - | 1.24% | |
| Basic Materials | 4.18% | - | - | - | |
| Chemicals | - | 4.18% | - | - | |
| Chemicals | - | - | 4.18% | - | |
| Chemicals: Diversified | - | - | - | 4.18% | |
| Consumer Staples | 4.00% | - | - | - | |
| Food, Beverage & Tobacco | - | 4.00% | - | - | |
| Food Producers | - | - | 4.00% | - | |
| Food Products | - | - | - | 4.00% | |
| Energy | 3.72% | - | - | - | |
| Energy | - | 3.72% | - | - | |
| Non-Renewable Energy | - | - | 3.72% | - | |
| Integrated Oil & Gas | - | - | - | 3.72% | |
| Non-Classified | 1.60% | - | - | - | |
| Non-Classified | - | 0.34% | - | - | |
| Non-Classified | - | - | 0.34% | - | |
| Non-Classified | - | - | - | 0.34% | |
| Utilities | 1.57% | - | - | - | |
| Utilities | - | 1.57% | - | - | |
| Gas, Water & Multi-utilities | - | - | 1.57% | - | |
| Water | - | - | - | 1.57% | |
| Cash and Equivalents | 0.37% | - | - | - | |
| Alternative Trading Strategies | 0.00% | - | - | - | |
| Alternative Trading Strategies | - | 0.00% | - | - | |
| Alternative Trading Strategies | - | - | 0.00% | - | |
| Alternative Trading Strategies | - | - | - | 0.00% | |
Regional Allocation
| Developed Europe - Excl UK | 92.59% | |
| UK | 4.20% | |
| Non-Classified | 1.60% | |
| North America | 1.24% | |
| Cash and Equivalents | 0.37% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 99.67% | |
| Cash | 0.32% | |
| Euro | 0.01% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 92.59% | - | |
France
|
- | 26.69% | |
Switzerland
|
- | 19.00% | |
Germany
|
- | 12.06% | |
Netherlands
|
- | 6.99% | |
Sweden
|
- | 5.48% | |
Denmark
|
- | 5.05% | |
Finland
|
- | 4.44% | |
Spain
|
- | 3.42% | |
Ireland
|
- | 2.24% | |
Italy
|
- | 2.22% | |
Belgium
|
- | 2.02% | |
Norway
|
- | 1.55% | |
Monaco
|
- | 1.42% | |
| UK | 4.20% | - | |
United Kingdom
|
- | 4.20% | |
| Non-Classified | 1.60% | - | |
| North America | 1.24% | - | |
United States
|
- | 1.24% | |
| Cash and Equivalents | 0.37% | - | |
Breakdown By Market Cap (%)
| Mega |
|
68.39% |
| Large |
|
12.78% |
| Medium |
|
4.52% |
| Non-Classified |
|
13.93% |
| Cash |
|
0.37% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | ASML HOLDING N.V. | 5.69% | Technology Hardware & Equipment | Netherlands |
| 2 | SAP SE | 5.41% | Software & Computer Services | Germany |
| 3 | NOVO NORDISK A/S | 5.05% | Pharmaceuticals & Biotechnology | Denmark |
| 4 | ROCHE HOLDING AG | 4.77% | Pharmaceuticals & Biotechnology | Switzerland |
| 5 | NESTLE S.A. | 4.00% | Food Producers | Switzerland |
| 6 | TOTAL SE | 3.72% | Non-Renewable Energy | France |
| 7 | L'OREAL | 3.00% | Personal Goods | France |
| 8 | ESSILORLUXOTTICA | 2.95% | Medical Equipment & Services | France |
| 9 | LVMH MOET HENNESSY LOUIS VUITTON | 2.90% | Personal Goods | France |
| 10 | DEUTSCHE BORSE AKTIENGESELLSCHAFT | 2.73% | Investment Banking & Brokerage Services | Germany |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 14.89% | - | - | - | - | - | - | 14.89% |
| Financials | 2.39% | 19.56% | - | - | - | - | - | - | 21.95% |
| Consumer Discretionary | - | 13.48% | - | - | - | - | - | - | 13.48% |
| Consumer Staples | - | 4.00% | - | - | - | - | 1.26% | - | 5.26% |
| Energy | - | 3.72% | - | - | - | - | - | - | 3.72% |
| Utilities | - | 1.57% | - | - | - | - | - | - | 1.57% |
| Health Care | - | 17.60% | - | - | - | - | - | - | 17.60% |
| Industrials | 1.81% | 14.82% | - | - | - | - | - | - | 16.63% |
| Basic Materials | - | 4.18% | - | - | - | - | - | - | 4.18% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.37% | 0.37% |
| Non-Classified | - | - | - | - | - | - | 0.34% | - | 0.34% |
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 | B7VNK95 |
| Mex Code | - |
| Isin Code | GB00B7VNK956 |
| Citi Code | GMTV |
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.
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.