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 30-Nov-2016

PERIOD Fund
1 month 2.82%
3 month 2.73%
6 month 7.97%
1 year 14.07%
2 year 11.87%
3 year 11.89%
5 year 17.41%
7 year 13.87%
10 year
YTD 13.90%
Since Inception 13.49%

Calendar year performance – as at 30-Nov-2016

Calendar year performance – as at 30-Nov-2016

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

Growth of $10,000 since inception³ – as at 31-Dec-2016
Fund risk measures – as at 31-Dec-2016
  Fund
Annual Standard Deviation 10.97
Beta 0.99
0.66

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.

Fund facts

NAVPU – Series B

$24.09 – as at 16-Jan-2017

NAVPU – Series B

$18.27 – as at 16-Jan-2017

Series inception date

18-Apr-2007

18-Apr-2007

Fund benchmark

Blended Index**

Fund aggregate assets (all series)

$1.163 billion
as at 31-Dec-2016

Management expense ratio - Series B

2.27% – as at 30-Jun-2016

 
Quarterly Top Ten Holdings
Advanced Micro Devices  
AGNICO EAGLE MINES LTD (CANA)  
Manulife  
Goldman Sachs  
Open Text  
Morgan Stanley  
TAHOE RESOURCES INC  
Detour Gold  
Micron Technology  
Fifth Third Bancorp  
Total number of holdings 103
Top 10 holdings aggregate 34.1%
Allocation to funds

Asset Mix
as at 30-Nov-2016

  Current monthLast monthTwo months ago
Canadian Equities 47.7%52.6%49.9%
Foreign Equities 46.2%44.6%45.2%
Convertibles 1.2%1.3%1.2%
Other Investments 0.2%
Cash & Other 4.8%1.6%3.6%

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

Information Technology 29.9%30.3%30.5%
Financials 20.8%5.1%5.7%
Materials 19.0%19.0%15.2%
Health Care 7.5%13.6%14.6%
Consumer Discretionary 7.4%10.8%10.8%
Energy 4.9%10.1%11.0%
Industrials 3.7%5.8%4.7%
Consumer Staples 1.9%3.8%3.8%
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