Morningstar Fund Report  | 17/04/2025Print

Fidelity Funds - Nordic Fund A-DIST-SEK

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Fidelity Funds - Nordic Fund A-DIST-SEK
Fund16.80.710.30.45.6
+/-Cat-0.827.77.1-3.32.7
+/-B’mrk0.124.52.6-2.12.8
 
Category: Nordic Small/Mid-Cap Equity
Category Benchmark: MSCI Nordic Countries Small...
Key Stats
NAV
16/04/2025		 SEK 2001.00
Day Change -0.17%
Morningstar Category™ Nordic Small/Mid-Cap Equity
ISIN LU0048588080
Fund Size (Mil)
31/03/2025		 SEK 4648.59
Share Class Size (Mil)
16/04/2025		 SEK 2670.69
Max Initial Charge 5.25%
Ongoing Charge
28/03/2025		  1.93%
Investment Objective: Fidelity Funds - Nordic Fund A-DIST-SEK
The fund aims to achieve capital growth over time
Returns
Trailing Returns (GBP)16/04/2025
YTD0.25
3 Years Annualised3.53
5 Years Annualised16.55
10 Years Annualised7.81
12 Month Yield 3.08
Dividend Paying Frequency Annually
Management
Manager Name
Start Date
Bertrand Puiffe
01/08/2011
Inception Date
01/10/1990

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE Nordic 10% CappedMSCI Nordic Countries Small Cap NR USD
Portfolio Profile for  Fidelity Funds - Nordic Fund A-DIST-SEK28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.750.0099.75
Bond0.000.000.00
Property0.000.000.00
Cash0.680.430.25
Other0.000.000.00
Top 5 Regions%
Europe - ex Euro70.74
Eurozone17.54
United States5.15
United Kingdom2.55
Latin America2.33
Top 5 Sectors%
Industrials19.80
Energy13.00
Consumer Cyclical12.72
Basic Materials12.28
Financial Services10.44
Top 5 HoldingsSector%
Telefonaktiebolaget L M Ericsson... TechnologyTechnology4.58
Evolution ABConsumer CyclicalConsumer Cyclical4.33
Swedbank AB Class AFinancial ServicesFinancial Services4.30
Telenor ASACommunication ServicesCommunication Services3.54
Tele2 AB Class BCommunication ServicesCommunication Services3.53
Increase Decrease New since last portfolio
Fidelity Funds - Nordic Fund A-DIST-SEK
Growth Of 1000 (GBP) 31/03/2025
Fund:  Fidelity Funds - Nordic Fund A-DIST-SEK
Category:  Nordic Small/Mid-Cap Equity
Category Index:  MSCI Nordic Countries Small Cap NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-20.5119.6412.2616.770.7110.270.445.63
+/- Category-9.85-6.31-37.08-0.8127.757.14-3.312.74
+/- Category Index-13.22-0.03-19.220.0924.542.59-2.082.78
% Rank in Category9984100603157125
Trailing Returns (GBP)16/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.17   -0.920.12
1 Week7.65   4.24-0.07
1 Month-7.78   -3.76-2.08
3 Months-5.25   -5.30-2.57
6 Months-4.73   -2.55-0.31
YTD0.25   -1.650.05
1 Year-1.40   -4.97-5.33
3 Years Annualised3.53   5.534.11
5 Years Annualised16.55   6.506.08
10 Years Annualised7.81   -2.16-0.13
 
Category: Nordic Small/Mid-Cap Equity
Category Index: MSCI Nordic Countries Small Cap NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20255.63---
20240.898.69-2.53-6.02
20232.13-7.607.448.74
2022-1.10-7.89-3.4214.47
202110.822.680.202.42
2020-31.0521.9111.8819.37
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighBelow Average5 star
5-YearHighBelow Average5 star
10-YearAverageAverage3 star
OverallAbove AverageAverage4 star
 
Category :  Nordic Small/Mid-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev16.83 %
3-Yr Mean Return7.48 %
 
3-Yr Sharpe Ratio0.19
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 MSCI Nordic Countries Small Cap NR USD  MSCI Nordic Countries Small Cap NR USD
3-Yr Beta0.690.69
3-Yr Alpha5.905.90
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)SEK 42883-
Market Capitalisation% of Equity
Giant0.00
Large20.26
Medium41.90
Small24.18
Micro13.66
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings10.460.80
Price/Book1.310.71
Price/Sales0.720.64
Price/Cash Flow4.870.58
Dividend-Yield Factor6.702.64
 
Long-Term Projected Earnings Growth9.061.00
Historical Earnings Growth5.89-0.39
Sales Growth0.84-0.03
Cash-Flow Growth1.840.18
Book-Value Growth4.38-1.38
 
Category: Nordic Small/Mid-Cap Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.750.0099.75
Bond0.000.000.00
Property0.000.000.00
Cash0.680.430.25
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States5.157.78
Canada1.708.39
Latin America2.3322.16
United Kingdom2.559.23
Eurozone17.541.23
Europe - ex Euro70.740.84
Europe - Emerging0.00-
Africa0.00-
Middle East0.00-
Japan0.00-
Australasia0.000.00
Asia - Developed0.00-
Asia - Emerging0.00-
 
Category: Nordic Small/Mid-Cap Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials12.282.46
Consumer CyclicalConsumer Cyclical12.721.13
Financial ServicesFinancial Services10.441.64
Consumer DefensiveConsumer Defensive9.171.08
HealthcareHealthcare4.070.24
UtilitiesUtilities1.734.40
Communication ServicesCommunication Services10.372.16
EnergyEnergy13.0011.45
IndustrialsIndustrials19.800.72
TechnologyTechnology6.410.50
 
Category: Nordic Small/Mid-Cap Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings52
Total Number of Bond Holdings0
Assets in Top 10 Holdings35.86
NameSectorCountry% of Assets
Telefonaktiebolaget L M Ericsson Class B311Sweden4.58
Evolution AB102Sweden4.33
Swedbank AB Class A103Sweden4.30
Telenor ASA308Norway3.54
Tele2 AB Class B308Sweden3.53
Carlsberg AS Class B205Denmark3.46
Vestas Wind Systems AS310Denmark3.13
Securitas AB Class B310Sweden3.13
Subsea 7 SA309Norway2.97
Stolt-Nielsen Ltd310United States2.89
 
Increase Decrease New since last portfolio
Category: Nordic Small/Mid-Cap 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 Date01/10/1990
Fund Advisor(s)
FIL Fund Management Limited
Fund ManagerBertrand Puiffe
Manager Start Date01/08/2011
 
Biography
Bertrand joined Fidelity in August 2006 as the French stocks analyst focusing on small-mid caps. In 2010, he extended coverage to Iberian small and mid cap stocks. Previously he was a pan European sector analyst at Rothschild & Cie Gestion rotating between technology, telecoms, aerospace and defence sectors, and a stint covering French mid-caps during which he also assisted the fund manager of the Horizon Midcap France Fund. Bertrand also managed the R France Dynamique Fund for a year.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.25%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.93%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes