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Fidelity Special Situations Class W - Accumulation (GBP)

Sell: 2,552.00pBuy: 2,552.00p29.00p (1.13%)

Prices as at 19 September 2014

* Please note that there can be occasions when the Selling price shown may be temporarily higher than the Buying price. This can sometimes happen when the stock market is closed but it can also happen at other times for a variety of reasons. However, when the stock market is open and you place a trade, the selling price available to you will never be higher than the buying price. Live prices will be available when you place a deal with us during market hours. Please check these and contact us if you are unable to deal online.

Charges and Savings

Fund manager's initial charge: 0.00%
HL saving on initial charge: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Fund manager's annual charge: 0.75%
HL saving on annual charge (loyalty bonus): 0.00%
Net annual charge: 0.75%
Fund manager's other expenses: 0.19%
Performance fee: No  

Please read the Simplified Prospectus/Key Investor Information Document (KIID) in addition to the information above. Further details available in the HL guide to fund prices, savings and yields. Loyalty bonus is paid tax-free in an ISA or SIPP but may be subject to tax in a Fund & Share Account.

HRMC believes that from April 2013 rebates of annual charges (such as loyalty bonuses) paid on funds held outside ISAs or SIPPs should be paid net of basic rate tax. We believe this is incorrect and are challenging HMRC's interpretation. However, in line with best client accounting practice and to save clients facing an unexpected bill in the future, we are currently paying loyalty bonuses within the Vantage Fund & Share Account net of an amount equivalent to the basic rate tax. If we are successful in our challenge we will return this money to clients. If we are unsuccessful we will use the money to pay over any amounts due to HMRC. Loyalty bonuses in the Vantage Fund & Share Accounts held by overseas investors, companies and charities will be paid without any deductions, as will loyalty bonuses in the Vantage ISA and Vantage SIPP which are exempt from tax.

Other Information

Unit type: Unbundled
Manager: Alex Wright
Fund launch date: 17 December 1979
Sector: UK All Companies
Fund size: £2,896 million
Number of holdings: 127
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: JP Morgan
Minimum investment: £100.00
Charges deducted from: Income
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00


20/09/09 to 20/09/10 20/09/10 to 20/09/11 20/09/11 to 20/09/12 20/09/12 to 20/09/13 20/09/13 to 20/09/14
Annual return 3.71% -12.47% 21.11% 38.31% 3.32%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

Alex Wright has come through the ranks at Fidelity, having joined as an analyst in 2001. Small and medium-sized companies are his main area of expertise and he has built an excellent track record in this area. He assumed responsibility for the Special Situations Fund from Sanjeev Shah in January...

Read more HL research on this fund

Fund Objective

The Fund's investment objective is to achieve long term capital growth from a portfolio primarily made up of the shares of UK companies. The Fund will have a blend of investments in larger, medium and smaller sized companies. The Authorised Corporate Director is Not restricted in its choice of companies either by size or industry, and will choose stocks largely determined by the availability of attractive investment opportunities. The Fund may also invest in other transferable securities, units in collective investment schemes, money market instruments, cash and deposits. Derivatives and forward transactions may also be used for investment purposes.

Income Details

Income paid: Annually
Type of payment: Dividend
Ex-dividend date: 1 March 2015
Payment date: 30 April 20154

All yields are variable and not guaranteed. There is currently no yield information available for this fund.

Security Weight
Royal Dutch Shell B 5.98%
HSBC Holdings PLC (UK Reg) 5.71%
Lloyds Banking Group 5.59%
SSE 5.41%
Carnival 4.05%
Electronic Arts 2.97%
Citigroup 2.96%
Fidelity Offshore Institutional Liquidity - Sterling Class A 2.73%
Barclays 2.62%
GlaxoSmithKline 2.49%
Sector Weight
Banks 16.88%
Oil & Gas Producers 10.52%
Travel & Leisure 7.81%
Support Services 6.31%
Electricity 5.41%
Financial Services 4.21%
Real Estate Investment & Services 4.18%
Leisure Goods 4.06%
Life Insurance 4.02%
General Retailers 3.89%
Country Weight
United Kingdom 76.41%
United States 6.91%
Non-Classified 3.38%
Cash and Equiv. 3.28%
Ireland 1.82%
Netherlands 1.65%
Canada 1.15%
France 1.09%
Germany 1.03%
Luxembourg 0.75%

Fund Manager

Photo of Alex Wright

Key facts

Alex Wright
Manager start date 01/01/2014
Manager located in London


Alex Wright has 10 years investment experience. He joined Fidelity as an analyst in 2001 and was promoted to portfolio manager in February 2008. Alex had previously run an internal European financials pilot fund (For 6 months in 2006) and the predecessor to UK Smaller Companies, a UK small cap pilot fund, for 8 months from mid 2007 until March 2008. He also manages a Fidelity pilot fund (AUM $1m) benchmarked vs the FTSE All Share index. Alex graduated from Warwick University with 1st class HoNours degree in EcoNomics in 2001 and a CFA Charterholder.

You can buy or sell holdings in this fund through a NISA, SIPP or Fund & Share Account

Data received from the Fund Management Company administering this fund and provided to you for your information. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.

Prices as at 19 September 2014. Data as at 31 May 2014.

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