Fidelity Funds - European High Yield Fund Y-MDIST-USD (hedged)
ISIN LU1284738314 / Valor 29698102
Fidelity Funds - European High Yield Fund Y-MDIST-USD (hedged)
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General Objective
The fund aims to achieve capital growth over time and provide a high level of income by primarily investing in high yield corporate bonds of European domiciled issuers, diversified across countries and sectors.
Fund Exposure
The fund is exposed to high-yielding below investment grade debt securities of issuers in Western, Central, and Eastern Europe, including emerging markets. It may also invest in money market instruments on an ancillary basis, with limited exposure to hybrids, contingent convertible bonds, and other subordinated financial debt.
Risks
The fund is classified as medium risk (3 out of 7) and potential losses from future performance are rated at a medium level. Poor market conditions could impact the capacity to pay investors, and there is no protection from future market performance, meaning investors could lose some or all of their investment.
Source
https://www.fidelity.lu/funds/factsheet/LU0346390270
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