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-Jun-2014

  Fund Morningstar
Quartile*§
Benchmark
1 month 2.68% 2 4.14%
3 month 2.02% 3 4.65%
6 month 7.72% 3 12.26%
1 year 28.25% 2 29.03%
2 year 28.22% 1 21.08%
3 year 15.84% 1 11.41%
5 year 18.47% 1 17.09%
7 year 13.43% 6.05%
10 year
YTD 7.72% 3 12.26%
Since Inception 14.67% 5.80%

Calendar year performance – as at 30-Jun-2014

Calendar year performance – as at 30-Jun-2014

Growth of $10,000 since inception³ – as at 30-Jun-2014

Growth of $10,000 since inception³ – as at 30-Jun-2014
Fund risk measures – as at 30-Jun-2014
  Fund Benchmark
Annual Standard Deviation 11.87 10.45
Beta 0.88
0.60

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

$23.98 – as at 29-Jul-2014

NAVPU – Series B

$22.09 – as at 29-Jul-2014

Series inception date

18-Apr-2007

18-Apr-2007

Fund benchmark

Blended Index**

Fund aggregate assets (all series)

$841.2 million
as at 30-Jun-2014

Management expense ratio - Series B

2.29% – as at 31-Dec-2013

 
Quarterly Top Ten Holdings
Bristol-Myers Squibb  
Microsoft  
PRECISION DRILLING CORP (CANA)  
FOREST LABORATORIES INC  
SPIRIT AIRLINES INC  
Charles River Laboratories  
Trican Well Service  
SECURE ENERGY SERVICES INC  
Pason Systems  
CANYON SERVICES GROUP INC  
Total number of holdings 96
Top 10 holdings aggregate 30.9%
Allocation to funds

Asset mix

Asset mix

Sector mix

Sector mix

Country mix

Country mix
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