Are you having trouble finding Mutual Fund Equity Report funds? Fidelity Europe (FIEUX – Free Report) is not a good place to start. FIEUX has a Zacks Mutual Fund Rank 5 (Strong Sell) which is based upon nine factors such as size, cost, past performance, and forecasting. History of Fund/ManagerFIEUX is part of the Fidelity Family, based in Boston, MA. If you're looking for a shorter term, it might be worth considering its 3-year annualized total returns of 2.04%. This puts it in the third-best position during this time period. The fund's volatility will be lower if the standard deviation is less. The fund's average deviation over the past five years was 19.41%, compared to 15.46% for the category average. The fund is more volatile than its peers in the past five years than its category average of 15.46%.Risk Factors:The fund's 5-year beta is 0.95. This means that it is theoretically less volatile than other funds. The market is crowded and a product that costs less will likely perform better than its counterpart. The expense ratio is 0.90%, compared to the average category of 1.31%. FIEUX has a cost ratio of 0.90%, which is lower than the category average of 1.31%. Zacks.com offers a full suite of tools that will allow you to analyze the rest of your portfolio.