Fidelity Funds European High Yield Fund A MINC(G) SGD (hedged)
Bond
Recent Price
Fund description
The fund aims to achieve capital growth over time and provide a high level of income. The fund invests at least 70% of its assets, in high-yielding below investment grade debt securities of issuers that are headquartered, or do most of their business, in Western, Central and Eastern Europe (including Russia), including emerging markets. These securities will be subject to high risk, will not be required to meet a minimum rating standard, although, most, but not all, will be rated for creditworthiness by an internationally recognised rating agency. The fund may also invest in money market instruments on an ancillary basis. The fund invests at least 50% of its assets in securities of issuers with favourable environmental, social and governance (ESG) characteristics. The fund may invest in the following assets according to the percentages indicated: ● hybrids and contingent convertible (CoCo) bonds: less than 30%, with CoCos less than 20%. The fund may invest in other subordinated financial debt and preference shares. The fund's exposure to distressed securities is limited to 10% of its assets.
Fund Performance
Prices shown are indicative and are usually based on prices of 2-4 dealing days earlier, and may not be exactly the price used for individual trades. Prices and returns on this page may be based on a reference price in a different currency to that of the fund dealing price. Returns experienced by individual clients may differ from those shown below. Clients should not rely on these prices for decision making. Fund prices provided by third-parties. dollarDEX does not guarantee any prices or valuations shown, and accepts no responsibility for their accuracy.
Return
1 week
0.42
1 month
1.22
6 months
5.53
1 year
10.07
3 years
Since start *
17.02
Annualized Return %
1 week
1 month
6 months
1 year
10.07
3 years
since start *
8.95
Annual Volatility %
1 week
1 month
6 months
1 year
2.42
3 years
since start *
3.45
Sharpe ratio +
1 week
1 month
6 months
1 year
3.96
3 years
since start *
2.45
*Since start means from start of data available to dollarDEX and may not coincide with inception of fund.
Performance chart
Fund details
| Price frequency | Daily |
| Pricing basis | Forward |
| Dealing basis (subscriptions) What is this? | T+0 |
| Dealing basis (redemptions) What is this? | T+0 |
| Sector | All |
| Asset class | Bond |
| Asset sub-class | Mixed |
| Region | Europe Peer funds |
| Dividend distribution option | Re-investment, Cash payout |
| Launch price | SGD 1.0000 |
| Price currency [1] | SGD |
| Payment currency | SGD,USD |
| Investment type | Cash only |
| Risk (volatility) What is this? | Low |
|
Fund annual management & service fee
[2] (built into daily pricing, check prospectus for details) |
1.000% |
| Latest bid/NAV price | SGD 0.9530 (11-Dec-2024) |
| Bid price changes from last available price | +0.11% |
| Benchmark | ICE BofA Q639 Custom Index Hedged to EUR |
| Minimum initial investment | SGD 1,000 USD 1,000 |
| Minimum subsequent investment | SGD 500 USD 500 |
| Minimum RSP investment | SGD 100 USD 100 |
1 Usually same as fund dealing currency (refer to prospectus). Some funds have a SGD reference price used by Navigator.
2 Total of fixed annual management and service fees. Check fund prospectus for details including variable performance fees, if any, which may not be included here.