Fund: FFEHY

Name	Fidelity - European High Yield Fund A-ACC-EUR
ISIN	LU0251130802
	03-07-2006
Fund type	Bond
Category	Bonds - High Yield - EUR
Fund issuer	Fidelity FIL IM Lux
	FIL Fund Management Limited
	Andrei Gorodilov
Currency	EUR
Investment (min)	100
Sale fee (max)	3.5%

Strategy
The fund primarily invests in high yield corporate bonds of European domiciled issuers, diversified across a number of countries and sectors. Emphasis is placed on bottom up name selection, due diligence and ensuring adequate liquidity and diversification due to the asymmetric nature of high yield bond returns. The manager also retains a degree of flexibility to invest in out-of-index strategies as a means of adding performance but adherence to the investment objective remains imperative. The fund is managed according to Fidelity’s active philosophy and approach to fixed income investing. This is team-based, but led by the Portfolio Manager to generate attractive risk-adjusted returns through combining multiple, diversified investment positions advised by in-house fundamental credit research, quantitative modelling and specialist traders.

EIC Fund Rating (2020)

Rok	Rated portolio	Ref. ccy	Rating category	Rf (p.a.)	Rm (p.a.)	Return (p.a.)	Correlation	Beta	Alpha (p.a.)	Rank	Stars
2020	FFEHY	EUR	BOND-HY-EUR	-0.5748%	2.53%	2.36%	0.89	0.96	-0.04%	6/12
2019	FFEHY	EUR	BOND-HY-EUR	-0.4977%	9.24%	12.88%	0.70	1.12	2.46%	1/11
2018	FFEHY	EUR	BOND-HY-EUR	-0.4457%	-5.34%	-5.87%	0.72	1.00	-0.55%	11/12
2017	FFEHY	EUR	BOND-HY-EUR	-0.4268%	4.23%	6.27%	0.73	0.95	2.27%	1/12
2016	FFEHY	EUR	BOND-HY-EUR	-0.3642%	9.94%	12.30%	0.82	1.11	1.20%	5/11
2015	FFEHY	EUR	BOND-HY-EUR	-0.1677%	1.34%	1.87%	0.72	1.29	-1.12%	6/11
2014	FFEHY	EUR	BOND-HY-EUR	0.0937%	4.44%	3.01%	0.86	1.21	-2.36%	8/11

NAV	23.9200
Day	09-01-2025
Daily change %	-0.1253%

	1M	3M	6M	9M	1R	3R p.a.	5R p.a.	7R p.a.	10R p.a.	od vnizku p.a.
Výkonnosť fondu	-0.17%	1.44%	5.00%	6.41%	7.99%	1.52%	1.96%	2.23%	3.16%	N/A
Priemerná výkonnosť (36 meraní)	0.13%				0.71%	0.33%	1.26%	1.98%
Volatilita od priemernej výkonnosti	3.44%				15.46%	3.44%	2.08%	1.13%

Rozloženie aktív
	Long	Short	Net
Stock	0.01%		0.01%
Bond	111.62%	0.75%	110.87%
Other	1.80%		1.80%
Cash	39.87%	52.55%	-12.68%

Veľkosť fondu
Aktíva	3,087 mil.
Počet akcíí	4
Počet dlhopisov	301

Nákladovosť fondu
Priebež. popl.	1.40
z toho Mng. popl.	1.00
Výk. prémia
Trans. popl.

Výnosovosť fondu
Dividenda
Dividendový výnos
Rozhodný dátum
Frekvencia výplaty

Akciové portfólio
Giant	0.00%
Large	0.00%
Medium	0.00%
Small	0.00%
Micro	0.01%

P/E
P/BV

Sektorové rozloženie
Financial Services	0.00%
Real Estate	0.00%
Energy	0.00%

Dlhopisové portfólio
Government	13.01
Corporate	95.45
Mortgage	0.35
Derivatives	-9.68

Výnos do splatnosti p.a.	7.08
Modifikovaná durácia	3.35

Kreditné rozloženie
AAA	0.00
AA	0.00
A	0.00
BBB	8.37
BB	52.21
B	30.73
Below B	7.43
Not Rated	1.26

Regionálne rozloženie
United States
Canada
Latin America
United Kingdom	0.00%
Eurozone	0.00%
Europe - ex Euro
Europe - Emerging
Africa
Middle East
Japan
Australasia
Asia - Developed
Asia - Emerging
Emerging Market
Developed Country	0.01%
Not Classified

Top 10 pozícií
Spoločnosť	Subsektor	Váha	Spoločnosť	Subsektor	Váha
2 Year Treasury Note Future Mar 25		6.44%	Euro Bobl Future Dec 24		3.96%
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Virgin Media Secured Finance PLC 4.125%		1.17%	Bellis Acquisition Co PLC 8.125%		1.15%
Newday Bondco PLC 13.25%		1.12%	Allwyn Entertainment Financing (UK) PLC 7.25%		1.06%
Var Energi ASA 7.862%		1.06%	Jerrold Finco PLC 7.875%		1.01%