Fidelity ISIN GB00BK1PKQ95

Fidelity European Trust

Fidelity European Trust is an active equity fund from Fidelity, ISIN GB00BK1PKQ95.

  • Active
  • Equity
  • Europe Ex UK
  • Fund size (GBP) £2.1B

The Company aims to achieve long term growth in both capital and income by predominantly investing in equities (and their related securities) of continental European companies. The Investment Manager will typically focus on larger companies which show good prospects for sustainable long term dividend growth. The Investment Manager is not restricted in terms of size, industry or geographical split. The Company may also invest into other transferable securities, investment companies, money market instruments, cash and deposits and is also able to use derivatives for efficient portfolio management, to gain additional market exposure (gearing) and for investment purposes.

How the fund has returned, and where it ranks among peers. Returns to Oct 2026 end, GBP net total return.
−0.9% Q4
1 year return
+40.2% Q3
3 year return
+43.5% Q2
5 year return
Daily NAV, percent change from the start of the range. Source: FE fundinfo.
  • 1 month −3.1%
  • 3 months −3.0%
  • Volatility, 3 years 14.1%
  • Ongoing charge (OCF)
  • Fund size (GBP) £2.1B

What the fund holds

Where the money is: sectors, countries and largest holdings. As supplied by FE fundinfo, last updated 6 Oct 2026. Swipe or use the arrows for more panels.

By sector

Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 6 Oct 2026.

Largest sector: Financials. 11 sectors reported.

See all sectorsA free account shows the full list.

By country

Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 6 Oct 2026.

Largest country: FRANCE. 12 countries reported.

See all countriesA free account shows the full list.

By asset class

Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 6 Oct 2026.

Largest asset class: French Equities. 11 asset classes reported.

See all asset classesA free account shows the full list.

Largest holdings

The biggest positions, and how concentrated the fund is. As supplied by FE fundinfo, last updated 6 Oct 2026.

The 10 largest holdings are reported by FE.

See all holdingsA free account shows the full list.

Macro events and this fund

Recent events linked to this fund by its country and sector exposure, and how it moved after. A measured move, not a cause.

Performance, risk and facts

Judge return, risk and cost before a client conversation. Relative return uses the chart's time range. Facts as reported by the manager.

Against its benchmark

How the fund compares with its benchmark over the same period.

Risk

How bumpy the ride has been, plus the regulatory risk rating.
Volatility, 3 years14.1%
Scale 0 to 40%
Sharpe ratio, 3 years (FE)0.30
Scale −1 to 3
Largest fall from a peak (maximum drawdown), 3 years
−16.3%

Volatility and maximum drawdown: calculated by Funds Benchmark, as at 30 Sep 2026.

Sharpe, alpha, beta: FE fundinfo, as at 6 Jul 2026.

Fund facts

Legal and cost facts for a client note. As reported by the manager.
ISIN
GB00BK1PKQ95
Fund manager
McCarron, Banerji, Bolton, Morse, Stotzel
Management company
FIL Investment Services (UK) Limited
Depositary
FIL Investment Services (UK) Limited
Benchmark
FTSE World Europe ex-UK Index Total Return
Ongoing charge
Share class launch date
5 Nov 1991
Domicile
GB
Fund type
closed-ended fund
SRRI
5 of 7

What a sum would have become

What an amount would have grown to over the period.
n/a

Past performance is not a reliable guide to future returns. Capital is at risk. Source: FE fundinfo. Returns are GBP net total return to month end unless stated. Headline returns to Oct 2026. Fund size is shown in GBP.

Managed by Fidelity

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Other FE Gl Equity - Europe ex UK funds

Sector: FE Gl Equity - Europe ex UK

View the FE Gl Equity - Europe ex UK sector overview: top funds, average performance, exposure →

Largest country exposure