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-Jul-2015

PERIOD Fund
1 month 1.38% 1
3 month 5.31% 1
6 month 8.89% 1
1 year 17.87% 1
2 year 18.90% 1
3 year 24.64% 1
5 year 16.89% 1
7 year 12.68%
10 year
YTD 13.13% 1
Since Inception 14.54%

Calendar year performance – as at 31-Jul-2015

Calendar year performance – as at 31-Jul-2015

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

Growth of $10,000 since inception³ – as at 31-Jul-2015
Fund risk measures – as at 31-Jul-2015
  Fund
Annual Standard Deviation 9.63
Beta 0.93
0.52

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

$22.17 – as at 26-Aug-2015

NAVPU – Series B

$16.64 – as at 26-Aug-2015

Series inception date

18-Apr-2007

18-Apr-2007

Fund benchmark

Blended Index**

Fund aggregate assets (all series)

$898.9 million
as at 31-Jul-2015

Management expense ratio - Series B

2.28% – as at 31-Dec-2014

 
Quarterly Top Ten Holdings
RESTAURANT BRANDS INTRNTNL INC  
Charles River Laboratories  
Gildan Activewear  
Bristol-Myers Squibb  
BLACKBERRY LTD  
BioMarin Pharmaceutical  
Huntington Bancshares  
AMBARELLA INC  
Dollarama  
BANK OF THE OZARKS INC  
Total number of holdings 117
Top 10 holdings aggregate 25.7%
Allocation to funds

Asset Mix
as at 30-Jun-2015

  Current monthLast monthTwo months ago
Canadian Equities 55.0%54.9%55.1%
Cash & Other -0.4%5.4%3.5%
Foreign Equities 45.4%39.7%41.4%

Top historical sector mix (%)
as at 30-Jun-2015

Information Technology 26.5%23.1%23.7%
Consumer Discretionary 19.4%22.2%21.5%
Financials 18.2%8.0%7.2%
Health Care 16.4%20.6%17.6%
Materials 7.9%8.8%9.6%
Industrials 7.7%8.5%9.5%
Energy 3.9%3.8%4.9%
Consumer Staples 3.1%
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