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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
(04-18-2024)
$47.94
Change
-$0.13 (-0.28%)

As at March 31, 2024

As at December 31, 2023

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): 12.15%

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 5.29% 18.27% 30.32% 18.27% 30.82% 10.48% 6.61% 22.79% 15.63% 13.36% 13.69% 14.57% 12.97% 13.08%
Benchmark 3.64% 7.74% 16.61% 7.74% 16.32% 5.70% 8.49% 15.92% 9.66% 9.13% 8.45% 9.56% 7.77% 8.09%
Category Average 2.65% 15.91% 15.91% 7.95% 16.07% 6.31% 8.21% 15.67% 9.39% 8.40% 7.55% 8.35% 6.66% 6.83%
Category Rank 47 / 620 27 / 620 27 / 620 27 / 620 33 / 617 111 / 605 478 / 592 40 / 578 36 / 571 45 / 528 35 / 484 30 / 451 30 / 418 34 / 400
Quartile Ranking 1 1 1 1 1 1 4 1 1 1 1 1 1 1

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund -1.33% 0.87% 4.14% 3.98% -1.46% -5.47% -2.63% 8.37% 4.43% 3.68% 8.34% 5.29%
Benchmark 2.42% -3.65% 3.16% 2.78% -1.03% -3.68% -2.36% 7.23% 3.38% 0.82% 3.10% 3.64%

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 273/ 391 30/ 416 100/ 449 20/ 475 477/ 528 14/ 564 9/ 578 578/ 586 476/ 600 98/ 612

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 49.02
US Equity 43.48
International Equity 4.67
Income Trust Units 1.32
Foreign Corporate Bonds 1.17
Other 0.34

Sector Allocation

Sector Allocation
Name Percent
Technology 28.66
Basic Materials 15.73
Industrial Services 8.15
Consumer Services 7.28
Consumer Goods 7.07
Other 33.11

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.55
Europe 3.26
Latin America 1.02
Asia 0.85
Other 0.32

Top Holdings

Top Holdings
Name Percent
NVIDIA Corp -
Cameco Corp -
Shopify Inc Cl A -
TFI International Inc -
ATS Corp -
Eli Lilly and Co -
ARC Resources Ltd -
Vertiv Holdings Co Cl A -
Meta Platforms Inc Cl A -
Boyd Group Services Inc -

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 17.21% 20.35% 17.40%
Beta 1.15% 1.17% 1.21%
Alpha -0.02% 0.05% 0.04%
Rsquared 0.72% 0.69% 0.67%
Sharpe 0.31% 0.72% 0.72%
Sortino 0.42% 1.09% 0.98%
Treynor 0.05% 0.13% 0.10%
Tax Efficiency 81.44% 93.95% 94.59%
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 15.10% 17.21% 20.35% 17.40%
Beta 1.07% 1.15% 1.17% 1.21%
Alpha 0.11% -0.02% 0.05% 0.04%
Rsquared 0.68% 0.72% 0.69% 0.67%
Sharpe 1.55% 0.31% 0.72% 0.72%
Sortino 3.70% 0.42% 1.09% 0.98%
Treynor 0.22% 0.05% 0.13% 0.10%
Tax Efficiency 94.05% 81.44% 93.95% 94.59%

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) $316

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 Front 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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