Fidelity Funds - European Dynamic Growth Fund A-Acc-EUR
Sub-fund of Fidelity Funds (SICAV domiciled in Luxembourg)
Fund is the popular name for UCI (Undertaking for Collective Investment). A UCI is an undertaking that brings together several investors and invests their deposited money in various investment products, such as stocks, bonds, cash, etc., in order to spread the risk.
Before you proceed with investing, you must read and evaluate the KIID and prospectus. The KIID sets out the objectives, investment policy, risks and benefits, and costs and past performance of the fund.
Source NAV

Fund Profile

Category: SICAV

Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Fidelity Funds - European Dynamic Growth Fund a sub-fund of Fidelity Funds A-ACC-Euro (ISIN: LU0261959422) This fund is managed by FIL Investment Management (Luxembourg) S.A. n The fund aims to provide long-term capital growth with the level of income expected to be low. n The fund will invest at least 70% in the shares of companies that have their head office or a main part of their activity in Europe. n The fund will invest at least 50% of its net assets in shares of companies that maintain sustainable characteristics. On an ongoing basis, the fund will consider a wide range of environmental and social characteristics such as climate change mitigation and adaptation, water and waste management, biodiversity, product safety, supply chain, health and safety and human rights. n The fund adheres to the firm-wide exclusion list which includes but is not limited to, cluster munitions and anti-personnel landmines. Equally, issuers which the Investment Manager considers have failed to conduct their business in accordance with accepted international norms, including as set out in the United Nations Global Compact, will not form part of the fund’s investment universe, in accordance with the norms- based screening applied by the Investment Manager. n The fund has the freedom to invest outside its principal geographies, market sectors, industries or asset classes. n The fund typically has a bias to medium size company shares with a market capitalisation range of 1 to 10 billion Euros. n The fund may invest in assets directly or achieve exposure indirectly through other eligible means including derivatives. The fund can use derivatives with the aim of risk or cost reduction or to generate additional capital or income, including for investment purposes, in line with the fund’s risk profile. n The fund is actively managed and references MSCI Europe Index (Net) (the ‘Index’), for comparative purposes only. n Income earned by the fund is accumulated in the share price. n Shares can usually be bought and sold each business day of the fund. n This fund will no longer be eligible for the French PEA (Plan d'Epargne en Actions) tax wrapper after the 30 September 2021. Lower risk Higher risk Typically lower rewards Typically higher rewards 1 2 3 4 5 6 7 n Historical data may not be a reliable indication for the future. n The risk category shown is not guaranteed and may change over time. n The lowest category does not mean a "risk free" investment. n The

Risk Profile
Significant risks that are not adequately reflected in the profile:

Derivatives risk
The fund can enter into derivative transactions. The increased profit opportunities that arise, could also involve greater risks of loss.
Currency risk
The fund can be adversely affected by exchange rate fluctuations.
Volatility risk
The value of the fund may experience quite large daily upside or downside variations.

You will find all other risks associated with this fund in the prospectus.
Morningstar Rating
More information about the calculation of the Morningstar Ratings
Risk and reward profile
Lower Risk
Possible Lower
Higher Risk
Possible higher
Key Information
Closing Price 24/09/2021 35.51
Morningstar category Europe Large-Cap Growth Equity
Currency EUR
Distribution status Capitalizing
ISIN LU0261959422
Inception Date 25/09/2006
Maturity date Unlimited
Management strategy (vs benchmark) Active
Minimum initial amount 100.00 EUR
Fees And Charges
Entry fee None
Tax on entry None
Custody fees None
Tax on returns
Tax on dividend N/A
Exit fee None
Tax on exit 1.32 (max. 4,000.00 EUR per fund)
Ongoing charge 1.90% of which 0.60% is paid to MeDirect
Fund management company
Address Fidelity (FIL Inv Mgmt (Lux) S.A.) 2a, rue Albert Borschette Luxembourg L-1246 Luxembourg
Manager Name Fabio Riccelli
Manager Start Date 02/01/2020
Total Net Assets (mil) 5,305.00 EUR (31/08/2021)
Administrator FIL Investment Management (Lux) S.A

Legal Documents

It is possible that this fund applies swing pricing. Please consult the prospectus for more information.
Should you have any complaints, you may contact Compliance Officer MeDirect, Keizerinlaan 66, 1000 Brussel or via [email protected] or Ombudsfin, Ombudsman for financial disputes, North Gate II, Koning Albert II – laan 8 bus 2, 1000 Brussel or via [email protected]


Historical returns returns and the evolution of the NAV are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Sales charges (like entry- and exit fees ) and taxes are not included in the calculation of past performance. Management fees, administrative fees and other costs taken out of the fund assets have been taken in to account, as they are already included in the NAV.
Annualised performance in EUR
PeriodAnnualised returnDate
1 year18.72%24/09/2021
3 years13.20%24/09/2021
5 years12.64%24/09/2021
10 years14.66%24/09/2021
Since launch8.82%24/09/2021
Cumulative performance in EUR
YTD 01/01/202115.25
1 month-0.53
3 months4.13
6 months12.91
Quarterly Returns
Q 1Q 2Q 3Q 4


Asset Allocation
% Long% Short% Net Assets
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
Sharpe Ratio
Sortino Ratio
Positive Months10.0025.0042.00
Negative Months2.0011.0018.00
Worst Month-8.06-11.66-11.66
World Regions
United Kingdom23.54
Europe - ex Euro19.85
United States5.56
Europe - Emerging0.00
Latin America0.00
Stock Sector Weighting
Sector% of Equity
Communication Services9.20
Consumer Defensive
Consumer Cyclical
Financial Services7.12
Basic Materials5.61
Real Estate0.01
Top 10 Holdings
HoldingSectorCountry% of Assets
Novo Nordisk A/S Class B HealthcareDenmark5.31
SAP SE TechnologyGermany5.10
Prosus NV Ordinary Shares - Class N Communication ServicesNetherlands4.04
Infineon Technologies AG TechnologyGermany3.82
Merck KGaA HealthcareGermany3.27
Worldline SA TechnologyFrance3.06
Experian PLC IndustrialsUnited States2.80
RELX PLC Communication ServicesUnited Kingdom2.80
Sonova Holding AG HealthcareSwitzerland2.52
Fidelity ILF - EUR A Acc Ireland2.32
It is possible that some UCI presented in the portfolio are not offered in Belgium, please verify with our client service
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Equity Style
All key information and documents must be reviewed before being able to Invest.