FMI.PA - Risk

Risk & Diversification Scores

Transparent evaluation of price volatility (SRI) and 4-dimensional portfolio diversification.

Volatility Risk Score

5/7 Elevated

5 / 7 SRI PRIIPs Risk Class

Above-average volatility. Suitable for experienced investors with high risk tolerance (5+ years horizon).

Volatility (5Y)

18.5% p.a.

5-Year Horizon

Max Drawdown (5Y)

-26.0%

Deepest Drawdown

Sharpe Ratio

0.84

Good (0.5 - 1.0)

Rec. Holding Period

5 - 10+ Years

Investment Horizon

Elevated Risk / Growth: Score Basis:

Diversification Score

High Concentration (> 50%)

59 / 100 Portfolio Diversification

4 Dimensions: Holdings (30%) • Sectors (25%) • Industries (25%) • Regions (20%)

High concentration risk: A few heavyweights drive the majority of fund value.

Top 10 Holdings

69.1%

Focused

Effective Holdings

~20

of 38 holdings

Top Sector

45.8%

Financial Services

Top Region / Country

90.8%

Italy

Elevated concentration in top individual holdings, leading sectors, or key regions.

Multi-Horizon Risk & Performance Matrix

Historical volatility, drawdowns, and risk-adjusted return across 1, 3, 5, and 10 years.

Timeframe	Volatility (p.a.)	Max Drawdown	Sharpe Ratio	Return (p.a.)
1 Year	—	—	—	+15.3%
3 Years	16.4%	-17.6%	1.42	+25.7%
5 Years	18.5%	-26.0%	0.84	+17.9%
10 Years	20.1%	-41.3%	0.5	—

Notes & Warnings

🟢 Favorable / fair valuation: Avg P/E of 0.1

Solid fund volume

🟡 Moderate analyst coverage (13.9 analysts)

🔴 Extreme top 10 holdings concentration: 69% of fund in top 10 positions.

🔴 High single-country risk: 91% of portfolio in "Italy".

⚠️ Sector concentration: 46% in "Financial Services".

⚠️ Industry concentration: 36% in "Banks - Regional".

⚠️ Growth estimates are concentrated: Top 3 growth drivers account for 48% of forward growth.

⚠️ Elevated Economic Cyclicality: 65% in cyclical industries – more vulnerable to economic downturns.

⚠️ Elevated Interest Rate Sensitivity: 70% in rate-sensitive or leverage-heavy industries (real estate, banks, utilities).

⚠️ Elevated Regulatory & Policy Risk: 77% in heavily regulated industries (defense, regulated utilities, healthcare policy).