FIDELITY SPECIAL VALUES
A multi-cap UK equity trust that invests in undervalued companies.
CHARGE PER TRADE
Prices as at 07 Dec 2023.
Fund commentary last updated 05 Dec 2023.
Past performance is not an indication of future performance.
Capital at risk.
|Sector||UK All Companies|
|Dividends paid||January, June|
|Annual Management Charge||0.6%|
|Ongoing Charges Figure||0.69%|
Although manager Alex Wright does account for economic factors, the main investment process revolves around active stockpicking. Wright looks for companies which have exceptionally cheap valuations, or an asset such as inventory or intellectual property that should stop their share price falling below a certain level. He also looks for events that could significantly improve a company’s earning power but are not currently reflected in its share price. This could be a change in the company’s rivals or market, a new product line or expansion into a different business area. Wright looks at a company’s earnings and financial risks and does detailed research on their balance sheets. He also seeks stocks with new management teams who have a track-record of improving companies. In addition, companies are sought which can exploit regulatory change or disruption. The portfolio holds between 80 and 120 names, of which only about a third are FTSE 100 stocks. Wright allocates capital according to a company’s stage of recovery with position sizes not typically exceeding 10%.
The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.
Past performance is not a guide to future performance. View full risk warning