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Fidelity Special Situations Class 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
(05-22-2024)
$50.54
Change
-$0.16 (-0.31%)

As at April 30, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Fidelity Special Situations Class Series B

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Fund Returns

Inception Return (June 02, 2008): 11.83%

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% 29.19% 14.16% 27.98% 10.69% 5.69% 17.08% 13.65% 12.36% 12.66% 13.75% 12.79% 12.76%
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 528 / 614 27 / 612 27 / 612 28 / 612 28 / 609 142 / 597 384 / 585 62 / 570 42 / 567 47 / 525 36 / 485 30 / 446 24 / 417 33 / 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% -1.46% -5.47% -2.63% 8.37% 4.43% 3.68% 8.34% 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

16.79% (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 9.69% 9.21% 16.98% 19.71% -13.40% 29.95% 57.24% 0.12% -15.51% 21.57%
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 265/ 383 30/ 408 100/ 441 20/ 467 469/ 520 14/ 556 9/ 570 570/ 578 468/ 592 98/ 604

Best Calendar Return (Last 10 years)

57.24% (2020)

Worst Calendar Return (Last 10 years)

-15.51% (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 Class Series B

Median

Other - Canadian Focused Equity

3 Yr Annualized

Standard Deviation 17.35% 20.38% 17.45%
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 77.94% 93.16% 94.36%
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 15.80% 17.35% 20.38% 17.45%
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 93.38% 77.94% 93.16% 94.36%

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 June 02, 2008
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Partially Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $300

Fund Codes

FundServ Code Load Code Sales Status
FID1288

Investment Objectives

The Fund aims to achieve long-term capital growth. It seeks a similar return to its underlying fund, which is also managed by Fidelity, by investing substantially all of its assets in units of that fund. The underlying fund aims to achieve long-term capital growth by investing primarily in equity securities of Canadian companies. The underlying fund seeks to identify investment opportunities that are believed to represent special situations.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity Special Situations Fund.

Portfolio Manager(s)

Name Start Date
Mark Schmehl 04-18-2007

Management and Organization

Fund Manager Fidelity Investments Canada ULC
Advisor Fidelity Investments Canada ULC
Custodian State Street Trust Company Canada
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 2.23%
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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