Fidelity Special Situations Fund

Investment Strategy

Fidelity Special Situations Fund aims to provide superior long-term returns by investing primarily in Canadian and U.S. small- and mid-cap equities. The Fund has the freedom to invest in any stock including foreign equities where opportunities warrant.

Performance

Performance for this series is not available at this time.

Performance

Annual compound performance – as at 31-May-2016

PERIOD Fund
1 month 1.75% 4
3 month 8.09% 4
6 month 5.65% 2
1 year 2.33% 1
2 year 9.52% 1
3 year 14.46% 1
5 year 11.81% 1
7 year 16.42%
10 year
YTD 5.49% 2
Since Inception 13.32%

Calendar year performance – as at 31-May-2016

Calendar year performance – as at 31-May-2016

Growth of $10,000 since inception³ – as at 31-May-2016

Growth of $10,000 since inception³ – as at 31-May-2016
Fund risk measures – as at 31-May-2016
  Fund
Annual Standard Deviation 11.05
Beta 0.97
0.64

Risk measures are based on 3-year net returns (series B). (All returns are calculated in Canadian currency.) 

Volatility meter

High

A fund’s volatility is determined using a statistical measure called “standard deviation". Standard deviation measures the amount of variability of returns that has historically occurred relative to the average return. The higher the standard deviation of a fund, the greater the range of returns it has experienced in the past. Other types of risk, both measurable and non-measurable, exist. In addition, just as historical performance may not be indicative of future returns, a fund’s historical volatility may not be indicative of its future volatility.

PM - Mark Schmehl - Opportunities in unloved markets - EN
Lipper Awards 2015

Fund facts

NAVPU – Series B

$23.09 – as at 24-Jun-2016

NAVPU – Series B

$17.77 – as at 24-Jun-2016

Series inception date

18-Apr-2007

18-Apr-2007

Fund benchmark

Blended Index**

Fund aggregate assets (all series)

$910.2 million
as at 31-May-2016

Management expense ratio - Series B

2.27% – as at 31-Dec-2015

 
Quarterly Top Ten Holdings
SPDR Gold Trust ETF  
Emera  
AGNICO EAGLE MINES LTD (CANA)  
FRESH MARKET INC  
Hydro One  
Fortis  
BlackBerry  
AIR GAS INC  
ADT CORP  
TAHOE RESOURCES INC  
Total number of holdings 85
Top 10 holdings aggregate 39.7%
Allocation to funds

Asset Mix
as at 30-Apr-2016

  Current monthLast monthTwo months ago
Canadian Equities 68.8%63.1%77.4%
Foreign Equities 26.1%26.9%15.5%
Other Investments 0.9%0.9%0.7%
Cash & Other 4.2%9.1%6.5%

Top historical sector mix (%)
as at 30-Apr-2016

Materials 27.2%27.6%31.7%
Energy 16.0%10.8%18.5%
Consumer Discretionary 14.5%9.4%6.8%
Information Technology 13.0%10.2%9.6%
Utilities 7.3%12.3%9.3%
Health Care 6.0%4.4%3.0%
Industrials 5.4%3.1%2.0%
Consumer Staples 3.9%8.4%6.1%
Financials 2.5%2.6%3.3%
Telecommunication Services 2.1%3.3%
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