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Fidelity Special Situations Fund Series B
Canadian Focused Equity
Click for more information on Fundata’s FundGrade
FundGrade A
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Click for more information on Fundata’s ESG Grade
Fundata ESG Grade D
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FundGrade A+® Rating Recipient
2021, 2020, 2019, 2018, 2017
Click for more information on Fundata’s FundGrade
|
NAVPS (06-18-2026) |
$65.19 |
|---|---|
| Change |
$0.67
(1.04%)
|
As at May 31, 2026
As at March 31, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (April 18, 2007): 16.20%
| 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 | 10.99% | 13.68% | 32.66% | 31.46% | 70.19% | 38.19% | 36.50% | 25.69% | 19.46% | 22.68% | 21.41% | 18.41% | 18.44% | 18.64% |
| Benchmark | 3.80% | 3.89% | 11.82% | 11.26% | 33.62% | 25.59% | 23.32% | 17.17% | 14.27% | 16.74% | 14.25% | 12.65% | 12.02% | 12.27% |
| Category Average | 3.29% | 3.77% | 9.20% | 8.71% | 23.28% | 18.59% | 18.12% | 13.76% | 11.41% | 14.25% | 12.02% | 10.43% | 9.82% | 9.97% |
| Category Rank | 13 / 575 | 32 / 574 | 12 / 573 | 12 / 573 | 12 / 565 | 12 / 539 | 24 / 536 | 18 / 525 | 32 / 517 | 18 / 508 | 17 / 504 | 16 / 470 | 15 / 447 | 11 / 406 |
| Quartile Ranking | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 6.77% | 5.66% | 0.50% | 9.78% | 1.70% | 1.35% | 0.92% | 5.69% | 9.41% | -7.67% | 10.94% | 10.99% |
| Benchmark | 3.11% | 2.07% | 3.86% | 5.11% | 1.57% | 2.40% | 0.50% | 1.25% | 5.77% | -4.75% | 5.08% | 3.80% |
Best Monthly Return Since Inception
16.78% (April 2020)
Worst Monthly Return Since Inception
-16.50% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 16.98% | 19.74% | -13.39% | 29.96% | 57.22% | 0.12% | -15.50% | 21.56% | 31.60% | 32.28% |
| Benchmark | 14.44% | 10.80% | -7.14% | 21.45% | 7.58% | 21.76% | -8.87% | 13.60% | 22.75% | 25.52% |
| Category Average | 11.42% | 8.06% | -8.78% | 18.54% | 7.73% | 22.26% | -9.42% | 13.34% | 19.16% | 17.10% |
| Quartile Ranking | 1 | 1 | 4 | 1 | 1 | 4 | 4 | 1 | 1 | 1 |
| Category Rank | 98/ 402 | 18/ 413 | 409/ 463 | 12/ 493 | 10/ 508 | 499/ 509 | 395/ 519 | 101/ 530 | 41/ 537 | 12/ 543 |
Best Calendar Return (Last 10 years)
57.22% (2020)
Worst Calendar Return (Last 10 years)
-15.50% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Equity | 61.80 |
| US Equity | 23.32 |
| International Equity | 14.27 |
| Foreign Corporate Bonds | 0.50 |
| Cash and Equivalents | 0.10 |
| Other | 0.01 |
Sector Allocation
| Name | Percent |
|---|---|
| Basic Materials | 27.97 |
| Technology | 24.75 |
| Energy | 10.89 |
| Consumer Services | 9.41 |
| Industrial Goods | 6.63 |
| Other | 20.35 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 86.21 |
| Asia | 6.66 |
| Europe | 3.76 |
| Africa and Middle East | 1.30 |
| Other | 2.07 |
Top Holdings
| Name | Percent |
|---|---|
| Agnico Eagle Mines Ltd | - |
| Canadian Natural Resources Ltd | - |
| Amazon.com Inc | - |
| ARC Resources Ltd | - |
| Bombardier Inc Cl B | - |
| TFI International Inc | - |
| Suncor Energy Inc | - |
| Lundin Mining Corp | - |
| Ero Copper Corp | - |
| Dollarama Inc | - |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Fidelity Special Situations Fund Series B
Median
Other - Canadian Focused Equity
3 Yr Annualized
| Standard Deviation | 17.43% | 18.02% | 18.71% |
|---|---|---|---|
| Beta | 1.48 | 1.30 | 1.28 |
| Alpha | 0.01 | 0.01 | 0.03 |
| Rsquared | 0.74% | 0.73% | 0.68% |
| Sharpe | 1.69 | 0.92 | 0.91 |
| Sortino | 3.79 | 1.59 | 1.43 |
| Treynor | 0.20 | 0.13 | 0.13 |
| Tax Efficiency | 91.22% | 89.49% | 89.21% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 19.20% | 17.43% | 18.02% | 18.71% |
| Beta | 1.69 | 1.48 | 1.30 | 1.28 |
| Alpha | 0.06 | 0.01 | 0.01 | 0.03 |
| Rsquared | 0.74% | 0.74% | 0.73% | 0.68% |
| Sharpe | 2.80 | 1.69 | 0.92 | 0.91 |
| Sortino | - | 3.79 | 1.59 | 1.43 |
| Treynor | 0.32 | 0.20 | 0.13 | 0.13 |
| Tax Efficiency | 93.24% | 91.22% | 89.49% | 89.21% |
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 | Capped |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | - |
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 Management
| Portfolio Manager |
Fidelity Investments Canada ULC
|
|---|---|
| Sub-Advisor |
Fidelity Management & Research Company LLC |
Management and Organization
| Fund Manager |
Fidelity Investments Canada ULC |
|---|---|
| Custodian |
CIBC Mellon Trust Company State Street Trust Company Canada |
| Registrar |
Fidelity Investments Canada ULC |
| Distributor |
Fidelity Investments Canada ULC |
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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