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-May-2017

1 month 0.72% 2
3 month 3.48% 2
6 month 11.34% 1
1 year 20.22% 2
2 year 10.92% 1
3 year 12.98% 1
5 year 18.34% 1
7 year 14.46%
10 year 13.20% 1
YTD 8.63% 2
Since Inception 13.99%

Calendar year performance – as at 31-May-2017

Calendar year performance – as at 31-May-2017

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

Growth of $10,000 since inception³ – as at 31-May-2017
Fund risk measures – as at 31-May-2017
Annual Standard Deviation 10.13
Beta 0.94

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 - The number and quality of the rocks - EN

Fund facts

NAVPU – Series B

$25.89 – as at 21-Jun-2017

NAVPU – Series B

$19.44 – as at 21-Jun-2017

Series inception date



Fund benchmark

Blended Index**

Fund aggregate assets (all series)

$1.498 billion
as at 31-May-2017

Management expense ratio - Series B

2.27% – as at 30-Jun-2016

Quarterly Top Ten Holdings
SPDR Gold Trust ETF  
Toronto-Dominion Bank  
Open Text  
Royal Bank of Canada  
Canadian National Railway  
Pioneer Natural Resources  
Total number of holdings 103
Top 10 holdings aggregate 30.9%
Allocation to funds

Asset Mix
as at 30-Apr-2017

  Current monthLast monthTwo months ago
Canadian Equities 50.3%49.7%47.0%
Foreign Equities 40.8%42.5%50.5%
Convertibles 1.1%1.1%1.1%
Other Investments 0.1%0.1%0.2%
Cash & Other 7.8%6.6%1.2%

Top historical sector mix (%)
as at 30-Apr-2017

Information Technology 35.6%31.6%31.4%
Materials 18.2%16.3%16.4%
Industrials 8.5%7.6%5.2%
Consumer Discretionary 8.2%6.3%6.6%
Energy 5.5%6.5%7.1%
Health Care 5.3%5.2%6.2%
Telecommunication Services 4.5%
Financials 3.9%17.8%24.4%
Consumer Staples 2.5%2.0%1.4%