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Contact details

Oakhill House, 130 Tonbridge Road, Hildenborough, Tonbridge, Kent, TN11 9DZ
0800 783 9646 (Fax Number)
0800 41 41 61 (Investor Helpline)
44 1737 83 8000 (Main Number)

Fund managers

* Samuel Morse01-Dec-2009 to Present
Timothy McCarron»02-Jan-2003 to 30-Nov-2009
Anthony Bolton»04-Nov-1985 to 31-Dec-2002

Investment objectives

The fund aims to provide long-term capital growth. It invests primarily in the shares of continental European companies. The portfolio is likely to have a bias towards medium-sized and smaller companies and has the freedom to invest outside the fund’s principal geographies, market sectors, industries or asset classes. It can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund’s risk profile.

Key Information

Fund vs sector

  1y 3y
Position 16 / 99 53 / 93
Quartile 1 3

Fund ratings

BronzeMstar OBSR
FE Crown Rating: 3 FE Crown Rating


  1y 3y
Volatility 9.85 11.48
Alpha 2.40 0.96
Beta 0.98 0.90
Sharpe 0.22 1.06
Info Ratio 0.90 -0.16
R2 0.94 0.92
Quartiles:   1  2  3  4   help with ratios
vs. Europe Excluding UK»
performance chart
ACC +5.0+52.1+44.3+14.1+27.0-15.5+12.3
  EUROPE EXCLUDING UK   +1.8+54.8+40.3+23.7+23.0-17.3+9.5
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf FIDELITY EUROPEAN Y ACC ACC 1389.00 (p) 18-Dec-2014 0.00 1.18% G7FD B7XPWY8
pdf FIDELITY EUROPEAN W INC INC 1222.00 (p) 18-Dec-2014 0.00 0.96% GMTV B7VNK95
pdf FIDELITY EUROPEAN W ACC ACC 1044.00 (p) 18-Dec-2014 0.00 1.00% JTXX BFRT350
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf FIDELITY EUROPEAN ACC ACC 1551.00 (p) 18-Dec-2014 0.00 1.71% FI80 0387479
pdf FIDELITY EUROPEAN INC INC 137.20 (p) 18-Dec-2014 0.00 1.71% KEJ9 B65GJ96

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£2,332.1m / $3,650.2m (31-Oct-14)
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly Launch04-Nov-1985
Pricing times12:00 Daily Dealing frequencySeven days per week
Dealing timesMon-Fri 09:00 to 18:00
Minimum initial£ 1,000
Minimum additional£ 250
Initial charge3.50%
Annual management charge1.50%
Note to chargesInitial Charges: max.;
Trustee / DepositaryJP Morgan Trustee and Depositary Company Ltd
RegistrarFidelity Investment Services Limited
Dividend policyMar 01, Sep 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
Europe Ex UK Equity Mixed Europe Excluding UK
Largest holdings, 31-Oct-2014
Holding (%) Rank Fund factsheet Equity factsheet
NESTLE SA 5.60 2 - -
NOVO-NORDISK AS 3.80 3 - -
SANOFI 3.80 4 - -
TOTAL SA 3.40 5 - *
UBS AG 3.20 6 - -
BNP PARIBAS 2.70 8 - -
VOLKSWAGEN AG 2.60 9 - -
SAMPO OYJ 2.50 10 - -
Regional weightings, 31-Oct-2014
France25.501 25.50% France
Switzerland20.602 20.60% Switzerland
Germany14.203 14.20% Germany
Belgium7.204 7.20% Belgium
Other Countries5.905 5.90% Other Countries
Denmark5.306 5.30% Denmark
Finland5.207 5.20% Finland
Norway5.108 5.10% Norway
UK4.809 4.80% UK
Spain3.3010 3.30% Spain
Sweden2.8011 2.80% Sweden
Uninvested cash0.1012 0.10% Uninvested cash
Sector weightings, 31-Oct-2014
Financials22.401 22.40% Financials
Health Care16.202 16.20% Health Care
Consumer Discretionary13.703 13.70% Consumer Discretionary
Industrials12.604 12.60% Industrials
Consumer Staples12.105 12.10% Consumer Staples
Energy6.306 6.30% Energy
Materials4.807 4.80% Materials
Information Technology4.408 4.40% Information Technology
Utilities4.409 4.40% Utilities
Telecommunication Services3.0010 3.00% Telecommunication Services
Uninvested cash0.1011 0.10% Uninvested cash

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

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Mike Scott Jan 15th, 2009 at 07:36 PM

Usuful information. Many thanks


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Asset allocation

French Equities, 25.50%
25.5000% ofFrench Equities
Swiss Equities, 20.60%
20.6000% ofSwiss Equities
German Equities, 14.20%
14.2000% ofGerman Equities
Belgian Equities, 7.20%
7.2000% ofBelgian Equities
International Equities, 5.90%
5.9000% ofInternational Equities
Danish Equities, 5.30%
5.3000% ofDanish Equities
Finnish Equities, 5.20%
5.2000% ofFinnish Equities
Norwegian Equities, 5.10%
5.1000% ofNorwegian Equities
UK Equities, 4.80%
4.8000% ofUK Equities
Spanish Equities, 3.30%
3.3000% ofSpanish Equities
Swedish Equities, 2.80%
2.8000% ofSwedish Equities
Money Market, 0.10%
0.1000% ofMoney Market

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Sector analysis


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