Montanaro European Income Fund

Select share classes

Montanaro European Income Fund Sterling Distribution Class Shares

Category Europe ex-UK Small/Mid-Cap Equity

This fund can be held in an Investment ISA, SIPP and Investment Account

Last buy/sell price

£2.465

arrow-up£0.029 (+1.19%)

Fund Code

MTEUI

B3Q8KY2

IE00B3Q8KY24

Prices updated as at 20 May 2026

Prices in GBP

Investment objective

The investment objective of the Fund is to deliver capital growth and income. The Fund shall invest primarily in SmallCap and MidCap companies quoted in the European Union, Iceland, Norway and Switzerland offering an attractive dividend yield or the potential for dividend growth. No unquoted investments are permitted. The Fund will invest at least 75% of its net assets in securities eligible for Plan d’Epargne en Actions ("PEA" in France). A PEA is a savings plan which is invested in shares issued by EEA corporation tax paying entities.

Important notice: This product is based overseas and is not subject to UK sustainable investment labelling and disclosure requirements. Please refer to the FCA website which details further information in relation to sustainability disclosure requirements for retail clients.

Important documents: Please ensure that you have read the Key Information Document/Technical Guide or Product Summary document , Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.

Portfolio as of 30/04/2026

Asset allocation

Show long & short position

Geographical breakdown

Continent or country allocation (%)

Market classification (%)

Stock style

Value

Core

Growth

Large

4

1

Medium

5

28

21

Small

6

23

9

Valuation

Montanaro European Income Fund Sterling Distribution Class Shares

Europe ex-UK Small/Mid-Cap Equity

17.68

14.97

1.62

1.03

3.09

2.15

12.65

8.91

Growth rate

Montanaro European Income Fund Sterling Distribution Class Shares

Europe ex-UK Small/Mid-Cap Equity

4.95%

8.24%

3.67%

2.73%

4.46%

-6.49%

Top 10 holdings

Sector

-

Country

Norway

% of assets

4.00273

Sector

-

Country

Sweden

% of assets

3.91062

Sector

-

Country

Italy

% of assets

3.80992

Sector

-

Country

Italy

% of assets

3.67971

Sector

-

Country

Denmark

% of assets

3.46774

Sector

-

Country

France

% of assets

3.45973

Sector

-

Country

Italy

% of assets

3.39645

Sector

-

Country

Sweden

% of assets

3.10421

Sector

-

Country

France

% of assets

3.07499

Sector

-

Country

Belgium

% of assets

3.05023

Assets in top 10 holdings %

34.96%

Total no. of equity holdings

44.00

Total no. of bond holdings

-

Stock sectors

Montanaro European Income Fund Sterling Distribution Class Shares

Europe ex-UK Small/Mid-Cap Equity

36.19%

Basic materials

6.58%

-

Con cyclical

8.06%

-

Financial svs

16.72%

-

Real estate

4.82%

-

43.67%

Comm services

0.51%

-

Energy

3.21%

-

Industrials

23.23%

-

Technology

16.71%

-

20.15%

Con defensive

5.40%

-

Healthcare

8.03%

-

Utilities

6.72%

-

Important Information

Investment values, and income from investments, can go down as well as up, so you may get back less than you invest. This is not a personal recommendation for a specific investment. If you're not sure which investments are suitable for you, consult Fidelity's advisers or another authorised financial adviser. The information contained herein: is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

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