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 for this series is not available at this time.


Annual compound performance – as at 31-Jan-2016

1 month -5.69% 4
3 month -2.87% 2
6 month -9.13% 2
1 year -1.06% 1
2 year 4.27% 2
3 year 15.26% 1
5 year 9.12% 1
7 year 18.63%
10 year
YTD -5.69% 4
Since Inception 12.42%

Calendar year performance – as at 31-Jan-2016

Calendar year performance – as at 31-Jan-2016

Growth of $10,000 since inception³ – as at 31-Dec-2015

Growth of $10,000 since inception³ – as at 31-Dec-2015
Fund risk measures – as at 31-Jan-2016
Annual Standard Deviation 11.59
Beta 1.08

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

Volatility meter


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

$20.64 – as at 12-Feb-2016

NAVPU – Series B

$14.89 – as at 12-Feb-2016

Series inception date



Fund benchmark

Blended Index**

Fund aggregate assets (all series)

$786.7 million
as at 31-Jan-2016

Management expense ratio - Series B

2.28% – as at 30-Jun-2015

Quarterly Top Ten Holdings
SunTrust Banks  
Regions Financial  
Huntington Bancshares  
Crescent Point Energy  
EnCana Corp.  
Rogers Communication, Cl. B, Non Vtg  
Spartan Energy  
Total number of holdings 88
Top 10 holdings aggregate 32.7%
Allocation to funds

Asset Mix
as at 31-Dec-2015

  Current monthLast monthTwo months ago
Canadian Equities 53.4%49.6%56.5%
Foreign Equities 44.7%48.9%42.5%
Other Investments 0.6%1.6%0.9%
Cash & Other 1.4%

Top historical sector mix (%)
as at 31-Dec-2015

Financials 23.4%27.3%28.9%
Information Technology 21.3%24.8%22.1%
Energy 13.8%11.0%10.1%
Consumer Discretionary 12.3%12.3%15.2%
Materials 12.0%7.4%5.5%
Health Care 5.2%5.2%5.0%
Industrials 4.6%6.2%9.2%
Telecommunication Services 3.0%3.1%3.0%
Utilities 2.0%1.4%
Consumer Staples 1.1%