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-Sep-2017

PERIOD Fund
1 month 2.35% 2
3 month 5.65% 1
6 month 5.72% 1
1 year 14.48% 1
2 year 17.33% 1
3 year 13.45% 1
5 year 18.04% 1
7 year 14.35%
10 year 12.71% 1
YTD 10.85% 1
Since Inception 13.73%

Calendar year performance – as at 30-Sep-2017

Calendar year performance – as at 30-Sep-2017

Growth of $10,000 since inception³ – as at 31-Aug-2017

Growth of $10,000 since inception³ – as at 31-Aug-2017
Fund risk measures – as at 30-Sep-2017
  Fund
Annual Standard Deviation 9.74
Beta 0.95
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.

PM - Mark Schmehl - 10 years and counting - EN

Fund facts

NAVPU – Series B

$27.06 – as at 18-Oct-2017

NAVPU – Series B

$21.71 – as at 18-Oct-2017

Series inception date

18-Apr-2007

18-Apr-2007

Fund benchmark

Blended Index**

Fund aggregate assets (all series)

$1.629 billion
as at 30-Sep-2017

Management expense ratio - Series B

2.27% – as at 30-Jun-2016

 
Quarterly Top Ten Holdings
SHOPIFY INC CL A  
First Quantum Minerals  
Take-Two Interactive Software  
Rogers Communication, Cl. B, Non Vtg  
WEST FRASER TIMBER LTD  
SQUARE INC CL A  
ALPHABET INC CL C  
PayPal  
Microsoft  
Dollarama  
Total number of holdings 111
Top 10 holdings aggregate 36.7%
Allocation to funds

Asset Mix
as at 31-Aug-2017

  Current monthLast monthTwo months ago
Foreign Equities 50.4%46.3%46.6%
Canadian Equities 47.1%49.4%49.4%
Other Investments 1.1%1.1%1.1%
Cash & Other 1.5%3.3%2.9%

Top historical sector mix (%)
as at 31-Aug-2017

Information Technology 41.9%43.4%37.5%
Materials 15.5%8.0%14.3%
Consumer Discretionary 14.6%17.2%16.7%
Industrials 8.6%10.5%7.3%
Health Care 6.6%5.0%5.1%
Financials 5.8%5.8%4.8%
Telecommunication Services 4.0%5.3%4.4%
Consumer Staples 1.5%1.2%2.6%
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