Mutual Fund Insights: Fidelity Europe Capital Appreciation Fund (FECAX)

In-depth Analysis of Fidelity Europe Capital Appreciation Fund (FECAX)

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See Fidelity Europe Capital Appreciation Fund (FECAX) performance details as of February 28, 2010

  

Last Trade: $17.34 on 3/19/2010, Change: -0.18 (-1.03%)

  

Fund Manager - Melissa M. Reilly

Fund Manager Tenure: 2.9 years
Fundmojo Fund Grade: B (Score: 0.61)     (What does this score mean?)

Melissa M. Reilly joined Fidelity in 2004 as an equity research analyst in the global research team and has been following companies in the international food manufacturers, HPC, luxury goods and general retail sectors. In 2005, Melissa M. Reilly assumed management responsibility for a global consumer fund available exclusively to Canadian investors. Prior to joining Fidelity, Melissa M. Reilly was a senior vice president and portfolio manager for Putnam Investments, where Melissa M. Reilly worked from 1999 to 2004.  Get more insights on Melissa M. Reilly

  

 What we like about Fidelity Europe Capital Appreciation Fund (FECAX)

Data for Fidelity Europe Capital Appreciation Fund (FECAX) as of February 28, 2010

• Fidelity Europe Capital Appreciation Fund (FECAX) has good mid-term performance (3-year return -9.39% vs -8.95 % Europe Stock category average)
• Fidelity Europe Capital Appreciation Fund (FECAX) ratio of up-years vs down years is greater than 2
• Fidelity Europe Capital Appreciation Fund (FECAX) has an annual stock turnover rate of 111.00% vs Europe Stock average of 160.10%. It is good that Fidelity Europe Capital Appreciation management does not trade extensively for its return.
• Fidelity Europe Capital Appreciation Fund (FECAX) is less volatile than its peers as it has a 3-year Standard Deviation of 25.68, lower than category average of 28.45
• Fidelity Europe Capital Appreciation Fund (FECAX) has a lower management fee than its Europe Stock average: 1.07% vs 1.73%
• Fidelity Europe Capital Appreciation Fund (FECAX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Fidelity Europe Capital Appreciation Fund (FECAX)

Data for Fidelity Europe Capital Appreciation Fund (FECAX) as of February 28, 2010

• Fidelity Europe Capital Appreciation Fund (FECAX) management has been with Fidelity Europe Capital Appreciation Fund for only 2.9 years, it is hard to judge manager's ability based on this fund's operation record
• Fidelity Europe Capital Appreciation Fund (FECAX) has a less-than-ideal short-term performance (1-year return 49.87% vs 68.46 % Europe Stock category average)
• Fidelity Europe Capital Appreciation Fund (FECAX) has a less-than-ideal Long-term performance (5-year return 2.25% vs 2.40 % Europe Stock category average)
• Fidelity Europe Capital Appreciation Fund (FECAX) has a Morningstar rating of 3 and below
• Fidelity Europe Capital Appreciation Fund (FECAX) is less safe compared to its Europe Stock peers
• Fidelity Europe Capital Appreciation Fund (FECAX) does not have a good risk adjusted return as its 3-year Alpha of -0.56 is worse than category average of 1.4, and its 3-year Sharpe ratio is -0.32

See Fidelity Europe Capital Appreciation Fund (FECAX) performance details as of February 28, 2010

  

  

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Fidelity Europe Capital Appreciation Fund (FECAX) Net Asset

Track net asset change of Fidelity Europe Capital Appreciation fund (FECAX)

Date	Net Asset
02/2010	$477.03M
01/2010	$489.89M
11/2009	$539.64M

More historic net asset information on Fidelity Europe Capital Appreciation Fund (FECAX)

  

Fidelity Europe Capital Appreciation Fund (FECAX) Portfolio Allocation

Track portfolio allocation change of Fidelity Europe Capital Appreciation fund (FECAX)

Date	Cash	Stock	Bond	Other
01/2010	0%	100%	0%	0%
10/2009	0.48%	99.52%	0%	0%
09/2009	0.47%	99.53%	0%	0%

Click here to see more historic asset allocation information on Fidelity Europe Capital Appreciation Fund (FECAX)

  

Most Recent Top 10 Holdings in Fidelity Europe Capital Appreciation Fund (FECAX)

Discover what Fidelity Europe Capital Appreciation Fund (FECAX) manager is buying

31-Jan-10 HSBC Holdings, plc. Common Stoc [3.32%] ROYAL DUTCH SHELL PLC-A SHS [2.99%] Banco Santander - Chile ADS [2.38%] Total S.A. [2.19%] [2.13%] Novartis AG [2.05%] NESTLE N ORD [1.95%] [1.81%] Companhia Vale Do Rio Doce [1.79%] Telefonica SA Common Stock [1.69%]

31-Oct-09 HSBC HLDGS PLC ADS [3.58%] ROYAL DUTCH SHELL PLC-A SHS [2.78%] TELEFONICA SA [2.48%] BANCO SANTANDER CHI [2.4%] NESTLE N ORD [2.28%] TOTAL S.A. [2.23%] Roche Holding AG [1.99%] Standard Parking Corporation [1.54%] BANCO SANTANDER CHI [1.45%] BG Group PLC [1.41%]

30-Sep-09 HSBC HLDGS PLC ADS [3.73%] ROYAL DUTCH SHELL PLC-A SHS [2.58%] TELEFONICA SA [2.47%] TOTAL S.A. [2.22%] NESTLE N ORD [2.16%] E.ON AG [1.97%] Roche Holding AG [1.94%] SIEMENS AG-REG [1.55%] GROUPE DANONE [1.54%] BANCO SANTANDER CHI [1.5%]

Click here for Stock Holding Change Map in Fidelity Europe Capital Appreciation Fund (FECAX)

  

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See more information on Fidelity Europe Capital Appreciation Fund (FECAX)

• Fidelity Europe Capital Appreciation Fund Insights
• Fidelity Europe Capital Appreciation Fund Performance Data
• Fidelity Europe Capital Appreciation Fund News
• Fidelity Europe Capital Appreciation Fund Score Explaination
• Fidelity Europe Capital Appreciation Fund Manager Information
• Historic Fidelity Europe Capital Appreciation Fund Asset Allocation Report
• Historic Fidelity Europe Capital Appreciation Fund Top 10 Holding Tracking
• Historic Fidelity Europe Capital Appreciation Fund Asset Under Management Tracking