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Fidelity Special Situations Fund Series B

Canadian Focused Equity

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeD Click for more information on Fundata’s ESG Grade

Fundata ESG Grade D

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021, 2020, 2019, 2018, 2017

Click for more information on Fundata’s FundGrade

NAVPS
(05-24-2024)
$47.02
Change
$0.58 (1.25%)

As at April 30, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Fidelity Special Situations Fund Series B

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Fund Returns

Inception Return (April 18, 2007): 13.62%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -3.47% 10.10% 29.18% 14.15% 27.98% 10.69% 5.69% 17.08% 13.65% 12.37% 12.67% 13.76% 12.80% 12.77%
Benchmark -1.88% 4.85% 17.19% 5.71% 11.43% 7.58% 7.04% 12.66% 8.52% 8.55% 7.89% 9.07% 7.46% 7.73%
Category Average -2.50% 15.76% 15.76% 5.24% 11.06% 7.67% 6.32% 12.34% 8.20% 7.72% 6.96% 7.89% 6.30% 6.41%
Category Rank 523 / 614 29 / 612 29 / 612 29 / 612 29 / 609 139 / 597 382 / 585 61 / 570 40 / 567 46 / 525 34 / 485 29 / 446 23 / 417 32 / 395
Quartile Ranking 4 1 1 1 1 1 3 1 1 1 1 1 1 1

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 0.87% 4.14% 3.98% -1.47% -5.46% -2.63% 8.37% 4.42% 3.68% 8.33% 5.29% -3.47%
Benchmark -3.65% 3.16% 2.78% -1.03% -3.68% -2.36% 7.23% 3.38% 0.82% 3.10% 3.64% -1.88%

Best Monthly Return Since Inception

16.78% (April 2020)

Worst Monthly Return Since Inception

-16.50% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 9.70% 9.22% 16.98% 19.74% -13.39% 29.96% 57.22% 0.12% -15.50% 21.56%
Benchmark 10.96% -0.77% 14.44% 10.80% -7.14% 21.45% 7.58% 21.76% -8.87% 13.60%
Category Average 9.08% -2.47% 11.42% 8.06% -8.78% 18.54% 7.73% 22.26% -9.42% 13.34%
Quartile Ranking 3 1 1 1 4 1 1 4 4 1
Category Rank 264/ 383 29/ 408 102/ 441 19/ 467 466/ 520 12/ 556 10/ 570 568/ 578 466/ 592 100/ 604

Best Calendar Return (Last 10 years)

57.22% (2020)

Worst Calendar Return (Last 10 years)

-15.50% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 50.18
US Equity 43.28
International Equity 4.52
Foreign Corporate Bonds 0.92
Income Trust Units 0.62
Other 0.48

Sector Allocation

Sector Allocation
Name Percent
Technology 23.83
Basic Materials 14.17
Industrial Services 9.86
Financial Services 7.81
Real Estate 7.63
Other 36.70

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.93
Europe 3.25
Asia 0.86
Latin America 0.62
Other 0.34

Top Holdings

Top Holdings
Name Percent
TFI International Inc -
Cameco Corp -
NVIDIA Corp -
Coinbase Global Inc Cl A -
Eli Lilly and Co -
Meta Platforms Inc Cl A -
ARC Resources Ltd -
Shopify Inc Cl A -
Thomson Reuters Corp -
Ero Copper Corp -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Fidelity Special Situations Fund Series B

Median

Other - Canadian Focused Equity

3 Yr Annualized

Standard Deviation 17.34% 20.37% 17.44%
Beta 1.16% 1.17% 1.22%
Alpha -0.02% 0.04% 0.04%
Rsquared 0.74% 0.69% 0.67%
Sharpe 0.25% 0.63% 0.70%
Sortino 0.34% 0.94% 0.95%
Treynor 0.04% 0.11% 0.10%
Tax Efficiency 90.58% 87.01% 86.41%
Volatility Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10

Risk Rating

Rating 9 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 15.79% 17.34% 20.37% 17.44%
Beta 1.18% 1.16% 1.17% 1.22%
Alpha 0.13% -0.02% 0.04% 0.04%
Rsquared 0.79% 0.74% 0.69% 0.67%
Sharpe 1.35% 0.25% 0.63% 0.70%
Sortino 3.03% 0.34% 0.94% 0.95%
Treynor 0.18% 0.04% 0.11% 0.10%
Tax Efficiency 100.00% 90.58% 87.01% 86.41%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date April 18, 2007
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Partially Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $1,419

Fund Codes

FundServ Code Load Code Sales Status
FID1298

Investment Objectives

The Fund aims to achieve long-term capital growth. It invests primarily in equity securities of Canadian companies. It seeks to identify investment opportunities that are believed to represent special situations.

Investment Strategy

To meet the Fund’s objectives, the portfolio management team: Aims to identify investment opportunities that it believes represent “special situations”, which are investments that may realize significant positive revaluation, the potential for which has not been realized by the broader market, including among high growth companies with underappreciated potential and among significantly undervalued companies that may be poised to benefit from improvements in company or industry fundamentals.

Portfolio Manager(s)

Name Start Date
Mark Schmehl 04-18-2007
Fidelity Management & Research Company LLC 02-06-2023

Management and Organization

Fund Manager Fidelity Investments Canada ULC
Advisor Fidelity Investments Canada ULC
Custodian CIBC Mellon Trust Company
Registrar Fidelity Investments Canada ULC
Distributor Fidelity Investments Canada ULC
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 2.21%
Management Fee 1.85%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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