Morningstar Fund Report  | 13/04/2025Print

Fidelity Funds - European Multi Asset Income Fund Y-Acc-EUR

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Fidelity Funds - European Multi Asset Income Fund Y-Acc-EUR
Fund3.2-7.45.42.92.5
+/-Cat0.6-0.7-1.12.00.5
+/-B’mrk-1.20.0-3.1-0.20.3
 
Category: EUR Moderate Allocation
Category Benchmark: Morningstar EU Mod Tgt Allo...
Key Stats
NAV
11/04/2025		 EUR 19.40
Day Change 0.20%
Morningstar Category™ EUR Moderate Allocation
ISIN LU0346389934
Fund Size (Mil)
28/02/2025		 EUR 409.23
Share Class Size (Mil)
11/04/2025		 EUR 35.35
Max Initial Charge -
Ongoing Charge
28/03/2025		  0.96%
Investment Objective: Fidelity Funds - European Multi Asset Income Fund Y-Acc-EUR
The fund aims to provide income over time.
Returns
Trailing Returns (GBP)11/04/2025
YTD1.37
3 Years Annualised2.50
5 Years Annualised3.57
10 Years Annualised2.90
12 Month Yield 0.00
Management
Manager Name
Start Date
Talib Sheikh
01/01/2024
George Efstathopoulos
15/10/2019
Click here to see others
Inception Date
17/03/2008

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Not BenchmarkedMorningstar EU Mod Tgt Alloc NR EUR
Portfolio Profile for  Fidelity Funds - European Multi Asset Income Fund Y-Acc-EUR28/02/2025
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock39.295.0634.22
Bond58.641.5157.13
Property0.000.000.00
Cash77.4475.471.98
Other6.740.076.67
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
Eurozone50.99
United Kingdom22.67
United States13.08
Europe - ex Euro9.86
Asia - Developed0.88
Top 5 Sectors%
Financial Services27.91
Industrials19.92
Consumer Defensive12.58
Consumer Cyclical9.53
Technology7.03
Top 5 HoldingsSector%
2 Year Treasury Note Future June 252.70
Euro Bobl Future Mar 252.28
SPDR FTSE Global Cvtb Bd ETF1.86
Allianz SEFinancial ServicesFinancial Services1.56
5 Year Treasury Note Future June 251.43
Increase Decrease New since last portfolio
Fidelity Funds - European Multi Asset Income Fund Y-Acc-EUR
Growth Of 1000 (GBP) 31/03/2025
Fund:  Fidelity Funds - European Multi Asset Income Fund Y-Acc-EUR
Category:  EUR Moderate Allocation
Category Index:  Morningstar EU Mod Tgt Alloc NR EUR
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-9.3810.444.013.18-7.375.422.942.53
+/- Category-2.114.50-2.590.60-0.73-1.131.980.46
+/- Category Index-5.791.08-4.08-1.240.04-3.09-0.170.27
% Rank in Category7913764354653045
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.20   -0.86-0.50
1 Week0.54   1.14-0.97
1 Month-1.53   0.38-0.54
3 Months0.25   1.22-0.26
6 Months0.68   1.250.23
YTD1.37   0.79-0.29
1 Year5.13   4.582.02
3 Years Annualised2.50   0.68-1.36
5 Years Annualised3.57   0.07-1.37
10 Years Annualised2.90   -0.10-1.87
 
Category: EUR Moderate Allocation
Category Index: Morningstar EU Mod Tgt Alloc NR EUR
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20252.53---
20240.30-0.042.81-0.13
20230.01-1.952.065.32
2022-4.11-6.71-1.324.93
2021-1.543.331.230.17
2020-10.2111.200.733.42
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAverage3 star
5-YearAverageBelow Average3 star
10-YearAverageAverage3 star
Overall*AverageAverage3 star
 
Category :  EUR Moderate AllocationClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev6.50 %
3-Yr Mean Return2.65 %
 
3-Yr Sharpe Ratio-0.22
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar EU Mod Tgt Alloc NR EUR  Morningstar UK SMID Cap TME NR GBP
3-Yr Beta0.810.38
3-Yr Alpha-0.77-0.43
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)EUR 37437-
Market Capitalisation% of Equity
Giant29.22
Large44.41
Medium23.58
Small2.70
Micro0.09
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings15.190.89
Price/Book2.480.98
Price/Sales1.590.84
Price/Cash Flow11.831.00
Dividend-Yield Factor3.621.41
 
Long-Term Projected Earnings Growth8.530.82
Historical Earnings Growth12.471.68
Sales Growth5.351.18
Cash-Flow Growth-1.81-0.25
Book-Value Growth5.461.20
 
Category: EUR Moderate Allocation
Fixed Income Style-
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)EUR 409
Maturity Distribution %
1 to 315.29
3 to 524.39
5 to 716.54
7 to 109.16
10 to 1510.60
15 to 200.83
20 to 302.44
Over 303.21
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA -   BB-
AA-   B-
A-   Below B-
BBB-   Not Rated-
 
Category: EUR Moderate Allocation
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock39.295.0634.22
Bond58.641.5157.13
Property0.000.000.00
Cash77.4475.471.98
Other6.740.076.67
World Regions28/02/2025
 % of EquityRelative to Category
United States13.080.34
Canada0.480.60
Latin America0.000.00
United Kingdom22.673.41
Eurozone50.991.30
Europe - ex Euro9.861.61
Europe - Emerging0.020.10
Africa0.000.00
Middle East0.353.01
Japan0.740.18
Australasia0.546.98
Asia - Developed0.880.55
Asia - Emerging0.400.17
 
Category: EUR Moderate Allocation
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials2.140.40
Consumer CyclicalConsumer Cyclical9.530.83
Financial ServicesFinancial Services27.911.46
Real EstateReal Estate5.992.52
Consumer DefensiveConsumer Defensive12.581.77
HealthcareHealthcare5.010.44
UtilitiesUtilities2.510.96
Communication ServicesCommunication Services4.470.67
EnergyEnergy2.891.77
IndustrialsIndustrials19.921.46
TechnologyTechnology7.030.38
 
Category: EUR Moderate Allocation
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings506
Total Number of Bond Holdings861
Assets in Top 10 Holdings15.96
NameSectorCountry% of Assets
2 Year Treasury Note Future June 25United States2.70
Euro Bobl Future Mar 25Germany2.28
SPDR FTSE Global Cvtb Bd ETFIreland1.86
Allianz SE103Germany1.56
5 Year Treasury Note Future June 25United States1.43
Ferrovial SE310Spain1.43
3i Group OrdUnited Kingdom1.25
Industria De Diseno Textil SA Share F... 102Spain1.23
TotalEnergies SE309France1.13
Unilever PLC205United Kingdom1.08
 
Increase Decrease New since last portfolio
Category: EUR Moderate Allocation
 
Management
Name of CompanyFidelity (FIL Inv Mgmt (Lux) S.A.)
Phone+ 352 250 404 2400
Websitewww.fidelity-international.com
Address2a, rue Albert Borschette
 Luxembourg   L-1246
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date17/03/2008
Fund Advisor(s)
FIL Fund Management Limited
Fund ManagerTalib Sheikh
Manager Start Date01/01/2024
Education
Newcastle University, M.S.
Newcastle University, B.S.
 
Biography
Talib Sheikh joined Fidelity in October 2023 and took on the Lead Portfolio Manager responsibilities for Fidelity’s Multi Asset Income strategies from January 2024. He works closely with Co-Portfolio Managers George Efstathopoulos and Becky Qin, using the well-established team-based approach. Talib’s career in the finance industry spans almost three decades with extensive experience in asset allocation and portfolio construction in multi asset income investing. Talib’s career includes a twenty-year tenure at JP Morgan Asset Management where he was a portfolio manager for core strategies including the company’s flagship multi asset income strategy. More recently Talib was the Head of Multi Asset Strategies at Jupiter Asset Management where he also managed multi asset income strategies. He received his Master of Science in International Agricultural Marketing from University of Newcastle Upon Tyne. He is a CFA Charterholder.
Fund ManagerGeorge Efstathopoulos
Manager Start Date15/10/2019
Fund ManagerBecky Qin
Manager Start Date10/01/2022
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.60%
Ongoing Charge0.96%
Purchase Details
Minimum Investments
Initial2500  EUR
Additional1000  EUR
Savings-
Tax Free Savings Schemes
ISAsYes