Fidelity European Hi Yld Y-Acc-GBP Hdg

Fund

Fund Info

  • Yield History0.00%
  • 3 Year sharpe1.28
  • 3 Year alpha-
  • Distribution Typeaccumulation
  • BenchmarkICE BofAML G HY Eur IsCstd Lv4 20%C HEUR
  • Legal StructureSICAV
  • Fund Size (month end)SICAV
  • OCF0.89%
  • Sector-
  • Manager GroupFidelity
  • DomicileLuxembourg
  • ISINLU1137485089

Investment Strategy

The fund’s objective is to seek a high level of current income and capital appreciation by investing primarily in high-yielding, sub investment grade securities of issuers that have their head office or who exercise a predominant part of their activity in Western, Central and Eastern Europe (including Russia). The type of debt securities in which the fund will primarily invest will be subject to high risk and will not be required to meet a minimum rating standard. Most but not all will be rated for creditworthiness by an internationally recognized rating agency. Sub investment grade securities mean securities with a rating of BB+ or less from Standard & Poor’s or equivalent rating from an internationally recognized rating agency.1