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FIDELITY SUSTAINABLE EUROPEAN EQUITY W

FIDELITY SUSTAINABLE EUROPEAN EQUITY W - Overview

Overview of FIDELITY SUSTAINABLE EUROPEAN EQUITY W

The fund invests in companies with strong sustainable models, both in terms of financial and non-financial performances. Portfolio manager Vincent Durel uses Fidelity’s in-house research capabilities to identify investment opportunities. His focus is on high-return businesses with durable franchises where management creates value through efficient capital allocation. He believes that effective management of Environmental, Social and Governance factors enhances the durability of a company’s returns and will have a positive impact on shareholder outcomes over time.

  • Standard Initial Charge 0.00%
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector Europe Excluding UK
Structure OEIC
Launched October, 2012
Size £1m
Yield 0.5%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.96%

Risks

Before investing make sure you have understood the risks relevant to the fund by reviewing our Risk Warnings section. Further information on the risks are contained in the fund's Key Investor Information Document, which we make available to you before you make a decision to invest, alternatively it is available on request.

Bestinvest view

No information available.

Portfolio

Allocation Proportion(%)
Equity 96
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 4
Allocation Proportion(%)
UK 2
Europe 89
North America 7
Japan 0
Pacific 1
Emerging Markets 1
Allocation Proportion(%)
Large Caps 66
Mid Caps 30
Small Caps 4

View all performance data for this fund

Investment process

No information available.

Live feed

Bid price(inc) 556.30p
Accum units 591.40p
Fund commentary 02/04/14
Fund data updated on 09/12/21

Asset allocation

Allocation Proportion(%)
Equity 96
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 4

Equity Geographic

Allocation Proportion(%)
UK 2
Europe 89
North America 7
Japan 0
Pacific 1
Emerging Markets 1

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 66
Mid Caps 30
Small Caps 4

Top 10 holdings

As at: 31/12/2020
5.8556%Nestle Sa
5.2417%Capgemini Se
4.4044%Infineon Technologies Ag
4.2342%Roche Hldg Ag
3.8594%Gn Great Nordic Ltd
3.6191%Worldline
3.6158%Puma Ag (Rudolph Dassler Sport
3.3123%Prosus N.v.
3.2408%Enel Spa
3.1571%Axa
Source: Trustnet

Sector breakdown

Information Technology 18%
Consumer Discretionary 17%
Health Care 15%
Industrials 14%
Financials 14%
Consumer Staples 11%
Utilities 5%
Communications 3%
Materials 2%
Real Estate 1%

Portfolio details

No information available.

Constraints

No information available.

Average monthly relative returns Bestinvest MRI
17/18 18/19 19/20 20/21 21/22   3 years 5 years Career 3 years 5 years Career
0.19% 0.31% 0.61% -0.26%   0.22% 0.19% 50.00% 96.10%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Vincent Durel

Manager. Durel joined Fidelity as a Senior Research Analyst in June 2004. He became a Portfolio Manager in January 2007. Prior to Fidelity, he has worked with Kepler Securities and Jefferies International as a Research Analyst. Durel is a Certified Financial Analyst from SFAF (French Society of Financial Analysts).

Track record

Vincent Durel has 4.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.19%. During the worst period of relative performance (from December 2020 - May 2021) there was a decline of 5% relative to the index. The worst absolute loss has been 16%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 96%.

Periods of worst performance
Absolute -16% (December 2019 - March 2020)
Relative -5% (December 2020 - May 2021)

Sector record since August 2017 (4 yrs)




About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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