Morningstar Fund Report  | 13/04/2025Print

Fidelity Funds - European Growth Fund Y-Acc-EUR

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Fidelity Funds - European Growth Fund Y-Acc-EUR
Fund13.8-9.213.711.35.5
+/-Cat-1.5-0.92.19.4-0.1
+/-B’mrk-3.8-4.60.57.4-1.9
 
Category: Europe Large-Cap Blend Equity
Category Benchmark: Morningstar DM Eur TME NR EUR
Key Stats
NAV
11/04/2025		 EUR 25.39
Day Change 0.58%
Morningstar Category™ Europe Large-Cap Blend Equity
ISIN LU0346388373
Fund Size (Mil)
28/02/2025		 EUR 7613.74
Share Class Size (Mil)
11/04/2025		 EUR 188.99
Max Initial Charge -
Ongoing Charge
28/03/2025		  1.04%
Morningstar Research
Analyst Report24/07/2024
Francesco Paganelli, Senior Analyst
Morningstar, Inc

Fidelity European Growth benefits from an experienced manager with access to deep internal resources. The strategy’s process is less impressive, though; as a result, the fund’s cheaper share classes earn a Morningstar Analyst Rating of Bronze,...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent24
Process23
Performance
Price
Investment Objective: Fidelity Funds - European Growth Fund Y-Acc-EUR
The fund aims to achieve capital growth over time. The fund invests at least 70% (and normally 75%) of its assets, in equities of companies listed on European stock exchanges. The fund may also invest in money market instruments on an ancillary basis. In actively managing the fund, the Investment Manager considers growth and valuation metrics, company financials, return on capital, cash flows and other measures, as well as company management, industry, economic conditions, and other factors. The Investment Manager considers ESG characteristics when assessing investment risks and opportunities. In determining ESG characteristics, the Investment Manager takes into account ESG ratings provided by Fidelity or external agencies.
Returns
Trailing Returns (GBP)11/04/2025
YTD2.01
3 Years Annualised8.10
5 Years Annualised9.63
10 Years Annualised5.79
12 Month Yield 0.00
Management
Manager Name
Start Date
Fred Sykes
01/09/2024
Inception Date
17/03/2008

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI Europe NR EURMorningstar DM Eur TME NR EUR
Portfolio Profile for  Fidelity Funds - European Growth Fund Y-Acc-EUR28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock96.110.0096.11
Bond0.010.000.01
Property0.000.000.00
Cash0.320.290.03
Other4.060.223.85
Top 5 Regions%
Eurozone58.27
United Kingdom30.60
Europe - ex Euro11.13
United States0.00
Canada0.00
Top 5 Sectors%
Financial Services25.85
Industrials18.64
Consumer Defensive15.64
Consumer Cyclical10.61
Technology8.46
Top 5 HoldingsSector%
Allianz SEFinancial ServicesFinancial Services4.38
Ferrovial SEIndustrialsIndustrials4.32
3i Group Ord3.82
Industria De Diseno Textil SA Sh... Consumer CyclicalConsumer Cyclical3.77
TotalEnergies SEEnergyEnergy3.55
Increase Decrease New since last portfolio
Fidelity Funds - European Growth Fund Y-Acc-EUR
Growth Of 1000 (GBP) 31/03/2025
Fund:  Fidelity Funds - European Growth Fund Y-Acc-EUR
Category:  Europe Large-Cap Blend Equity
Category Index:  Morningstar DM Eur TME NR EUR
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-7.8317.89-2.8813.82-9.1913.6511.355.48
+/- Category4.010.27-7.20-1.50-0.892.089.39-0.07
+/- Category Index1.43-1.21-5.45-3.82-4.640.477.36-1.91
% Rank in Category125293716327258
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.58   -0.260.01
1 Week0.67   1.450.40
1 Month-3.43   3.192.96
3 Months0.60   2.341.27
6 Months1.74   4.783.86
YTD2.01   1.150.38
1 Year12.44   12.9411.47
3 Years Annualised8.10   3.061.75
5 Years Annualised9.63   0.23-1.03
10 Years Annualised5.79   0.31-0.46
 
Category: Europe Large-Cap Blend Equity
Category Index: Morningstar DM Eur TME NR EUR
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20255.48---
20243.772.454.630.10
20236.451.820.714.13
2022-7.75-5.57-4.489.15
20212.754.522.213.70
2020-21.3616.51-1.677.79
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighBelow Average5 star
5-YearAverageBelow Average3 star
10-YearAverageAverage3 star
OverallAverageAverage3 star
 
Category :  Europe Large-Cap Blend EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev11.13 %
3-Yr Mean Return10.18 %
 
3-Yr Sharpe Ratio0.52
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar DM Eur TME NR EUR  Morningstar Eur TME GR USD
3-Yr Beta0.910.92
3-Yr Alpha1.761.06
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)EUR 45462-
Market Capitalisation% of Equity
Giant35.15
Large50.49
Medium14.36
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings14.780.99
Price/Book2.621.20
Price/Sales1.560.97
Price/Cash Flow11.701.06
Dividend-Yield Factor3.741.12
 
Long-Term Projected Earnings Growth8.170.85
Historical Earnings Growth15.152.33
Sales Growth5.881.65
Cash-Flow Growth1.070.39
Book-Value Growth6.191.22
 
Category: Europe Large-Cap Blend Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock96.110.0096.11
Bond0.010.000.01
Property0.000.000.00
Cash0.320.290.03
Other4.060.223.85
World Regions28/02/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America0.000.00
United Kingdom30.601.51
Eurozone58.271.06
Europe - ex Euro11.130.48
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.00-
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: Europe Large-Cap Blend Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials1.380.25
Consumer CyclicalConsumer Cyclical10.611.14
Financial ServicesFinancial Services25.851.24
Consumer DefensiveConsumer Defensive15.641.73
HealthcareHealthcare7.680.51
UtilitiesUtilities3.240.92
Communication ServicesCommunication Services4.790.99
EnergyEnergy3.701.20
IndustrialsIndustrials18.641.02
TechnologyTechnology8.460.91
 
Category: Europe Large-Cap Blend Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings48
Total Number of Bond Holdings3
Assets in Top 10 Holdings34.96
NameSectorCountry% of Assets
Allianz SE103Germany4.38
Ferrovial SE310Spain4.32
3i Group OrdUnited Kingdom3.82
Industria De Diseno Textil SA Share F... 102Spain3.77
TotalEnergies SE309France3.55
Unilever PLC205United Kingdom3.36
Koninklijke Ahold Delhaize NV205Netherlands3.11
Sage Group (The) PLC311United Kingdom2.96
UniCredit SpA103Italy2.85
SAP SE311Germany2.84
 
Increase Decrease New since last portfolio
Category: Europe Large-Cap Blend Equity
 
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 ManagerFred Sykes
Manager Start Date01/09/2024
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.80%
Ongoing Charge1.04%
Purchase Details
Minimum Investments
Initial2500  EUR
Additional1000  EUR
Savings-
Tax Free Savings Schemes
ISAsYes