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FIDELITY SPECIAL VALUES

Bestinvest LogoA multi-cap UK equity trust that invests in undervalued companies.

SELL

252p

BUY

293p

CHARGE PER TRADE

£4.95

TODAY'S CHANGE

0.93%

OCF

0.69%

YIELD

2.8%

1 YEAR
0.50%
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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.

The Company seeks to meet its investment objective through investment in a diversified portfolio of securities and instruments issued by or related primarily to UK companies. The Company will have a blend of investments in larger, medium and smaller sized companies and be guided by a contrarian philosophy. The Company’s objective is to achieve long term capital growth primarily through investment in equities (and their related financial instruments) of UK companies which the Investment Manager believes to be undervalued or where the potential has not been recognised by the market.

Fund summary

SectorUK All Companies
StructureINVESTMENT TRUST
LaunchedNovember 1994
Size£831m
Yield2.8%
Dividends paidJanuary, June

Charges

Annual Management Charge0.6%
Ongoing Charges Figure0.69%

Investment Process

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