Fidelity Funds - European High Yield Fund Y-Euro

Buy/Sell Price  (as of 27/10/2016) €10.26   Day Change :  -0.10%     Fund Code:  YEHE 

Important documents Before investing please ensure that you have read the Fidelity Key Features Document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found by clicking on the 'Important documents' link.

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Andrei Gorodilov joined Fidelity in 2004 as a Senior Credit Analyst covering the TMT (Telecom, Media & Technology) sector and later added Emerging Market banks to his universe. Andrei moved to an Assistant Portfolio Manager position in June 2009, working closely with Ian Spreadbury on further expansion of Fidelitys European High Yield franchise, before becoming a Portfolio Manager for this discipline. Prior to joining Fidelity, Andrei spent six years with Credit Suisse in London as a credit analyst. He started his financial services career at the European Bank for Reconstruction and Development in 1996. Andrei earned a BA (Hons) in History from Khabarovsk State University in the Russian Far East before completing a Masters Degree at Columbia University.
Investment HouseFidelity
Fund ProviderFidelity (FIL Inv Mgmt (Lux) S.A.)
ManagerAndrei Gorodilov   Biography

Fund Objective 'Aims to provide high current income and capital growth At least 70% invested into high-yielding, sub investment grade bonds of issuers that have their head office or a main part of their activity in Western, Central and Eastern Europe (including Russia).Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes.Investments may be made in bonds issued in currencies other than the funds reference currency. Exposure to currencies may be hedged, for example with currency forward contracts. The reference currency is the currency used for reporting and may be different from the dealing currency.Can invest in bonds issued by governments, companies and other bodies.The types of bonds in which the fund will mainly invest will be subject to high risk and will not be required to meet a minimum rating standard.

Key Statistics

Fund Status
12-Month NAV High €10.46
12-Month NAV Low €9.48
Fund Comparative IndexBofAML Gl HY Eur Is Con L4 20%Cap
Morningstar CategoryTMEUR High Yield Bond
Dividend FrequencyYearly

Annual Charges

Morningstar ratings

 as of  30/09/2016
Overall4 star
3 Years4 star
5 Years4 star
10 Years4 star

Growth of £1000 Help

 as of  27/10/2016

Past Performance (%) Help

as of 

This Fund


Fund versus Morningstar Category

Important Information

The value of the fund and the income from it can go down as well as up so you may get back less than you invested. If your fund invests in overseas markets, changes in currency exchange rates may affect the value of your investment. If your fund invests in small and emerging markets, these can be more volatile than other more developed markets. Past performance is not a guide to future returns.
For funds that invest in bonds, please be aware that the price of bonds is influenced by movements in interest rates, changes in the credit rating of bond issuers, and other factors such as inflation and market dynamics. In general, as interest rates rise the price of a bond will fall. The risk of default is based on the issuer's ability to make interest payments and to repay the loan at maturity. Default risk may therefore vary between different government issuers as well as between different corporate issuers.

 Some of the performance and risk data presented may start before the share class was launched. If so, the data prior to the launch date of the share class is based on the fund or share class that has similar or higher charges, in order to provide an indication of longer term performance and risk. Please refer to the launch date and performance start date in the fund factsheet to determine whether the data has been extended.Past Performance and Risk & Volatility figures are presented in British Pounds Sterling (GBP). Fund returns are calculated on a Nav to Nav or Bid to Bid basis with income reinvested either after tax (for UK-domiciled funds) or gross of tax (for offshore funds). Performance figures include the effect of the OCF/TER. To cover distribution costs a separate service fee is now also charged on most funds, which is not included in the past performance figures. Consequently the past performance of the fund may be less than that shown on the chart due to the effect of the service fee.

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