Fidelity Funds - Emerging Markets 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 - Emerging Markets Fund a sub-fund of Fidelity Funds A-ACC-Euro (ISIN: LU1048684796) 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 company shares in countries in areas experiencing rapid economic growth including Latin America, South East Asia, Africa, Eastern Europe (including Russia) and the Middle East. These regions include emerging markets. n The fund has the freedom to invest outside its principal geographies, market sectors, industries or asset classes. n The fund may invest up to 10% directly in China A and B Shares (with aggregate exposure including direct and indirect investments being less than 30%). 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 the MSCI Emerging Markets Index (Net) (the ‘‘Benchmark’’). The Investment Manager has a wide range of discretion over the composition of the fund’s portfolio. It may take exposures that are not included in, and that have different weightings from, the Benchmark. Therefore, there are no restrictions on the extent to which the fund’s performance may deviate from that of the Benchmark. The Investment Manager may set internal guidelines which, in turn, may reference deviations from the Benchmark. 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 With effect from 16 December 2020, the investment objective of this fund will be updated. For full details please refer to the ‘‘Fund Announcements’’ dated 16/11/2020 at 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:

Liquidity risk
The fund may invest in securities that are not easily tradable on a stock exchange or similar market.
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.
Emerging market risk
The fund will be more volatile because these markets are typically smaller, less liquid and more sensitive to economic and political factors.

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 19.85
Morningstar category Global Emerging Markets Equity
Currency EUR
Distribution status Capitalizing
ISIN LU1048684796
Inception Date 02/04/2014
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 1.93% 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 Nick Price
Manager Start Date 01/07/2009
Total Net Assets (mil) 5,489.18 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 year24.69%24/09/2021
3 years14.22%24/09/2021
5 years9.94%24/09/2021
Since launch9.60%24/09/2021
Cumulative performance in EUR
YTD 01/01/20214.53
1 month-1.88
3 months-4.61
6 months-0.90
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 Months10.0025.0039.00
Negative Months2.0011.0021.00
Worst Month-5.08-16.41-16.41
World Regions
Asia - Emerging45.62
Asia - Developed31.56
Europe - Emerging7.44
Latin America3.61
United Kingdom1.64
United States0.50
Stock Sector Weighting
Sector% of Equity
Financial Services23.27
Consumer Cyclical
Basic Materials7.99
Consumer Defensive
Communication Services5.38
Top 10 Holdings
HoldingSectorCountry% of Assets
Taiwan Semiconductor Manufacturing Co Ltd TechnologyTaiwan9.79
Samsung Electronics Co Ltd TechnologySouth Korea8.25
China Mengniu Dairy Co Ltd Consumer DefensiveChina5.02
HDFC Bank Ltd Financial ServicesIndia4.83
AIA Group Ltd Financial ServicesHong Kong3.98
Alibaba Group Holding Ltd ADR Consumer CyclicalChina3.46
Zhongsheng Group Holdings Ltd Consumer CyclicalChina3.38
ANTA Sports Products Ltd Consumer CyclicalChina2.97
Infosys Ltd TechnologyIndia2.95 JSC GDR TechnologyKazakhstan2.90
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.