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Fidelity China Special Situations PLC (FCSS) Ordinary Shares 1p

Sell:196.00p Buy:196.40p 0 Change: 0.20p (0.10%)
FTSE 250:0.44%
Market closed Prices as at close on 23 February 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:196.00p
Buy:196.40p
Change: 0.20p (0.10%)
Market closed Prices as at close on 23 February 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:196.00p
Buy:196.40p
Change: 0.20p (0.10%)
Market closed Prices as at close on 23 February 2024 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

The investment objective of the Company is to achieve long-term capital growth from an actively managed portfolio made up primarily of securities issued by companies listed in China and Chinese companies listed elsewhere. The Company may also invest in listed companies with significant interests in China.
Security Weight
Tencent Holdings Ltd 5.60%
PONY AI INC PREF C SHARE 4.06%
CHIME BIOLOGICS LIMITED CONV 2% 03/16/2024 2.65%
VENTUROUS HOLDINGS LIMITED CL A 2.60%
Hisense Home Appliances Group Co Ltd Class H 2.59%
Hollysys Automation Technologies Ltd 2.53%
BYTEDANCE LTD 2.36%
Crystal International Group Ltd Ordinary Shares 2.31%
CFD on China Foods Ltd 2.22%
HUTCHMED (China) Ltd 2.13%
Sector Weight
Consumer Cyclical 19.23%
Industrials 16.92%
Communication Services 10.88%
Healthcare 8.74%
Financial Services 7.71%
Technology 6.67%
Consumer Defensive 6.49%
Basic Materials 2.58%
Real Estate 1.84%
Energy 1.16%
Country Weight
China 78.55%
Hong Kong 10.30%
Japan 2.45%
Netherlands 2.22%
United Kingdom 1.11%
Taiwan 0.80%

Fee Structure

The Board agreed a revised fee with the Manager, FIL Investment Services UK Limited, with effect from 1 July 2023. The revised fee will be 0.85% reduced from 0.90% on the first 1.5 billion of net assets. It will remain at 0.70% on net assets over 1.5 billion. The variable element of the fee of /-0.20% remains unchanged

Dividend Policy

To achieve long-term capital growth, the Board does not expect that dividends will constitute a material element of any return to Shareholders. If the company pays dividend, the frequency is annually.

ASSET SPLIT

Total number of holdings: 153.

Trust Manager

Dale Nicholls

Manager Bio

Dale Nicholls joined Fidelity in 1996 as a Research Associate in our Tokyo office. It was during his tenure as an analyst that Dale first began to take an interest in the dynamics of the Chinese market. He regularly visited Chinese companies to get a clear view of the key supply and demand chains of the industries he covered. In 2003, he was promoted to portfolio manager of the Fidelity Pacific Fund and retains management of that portfolio today. In his current role, Dale spends much of his time travelling within China to meet with the management teams and competitors of companies in which he may, or already does, invest, visiting well over 100 companies a year.

Board Of Directors

Michael BalfourChairman, Vanessa Donegan, Alastair Bruce, Georgina Field, Cho Che Tse

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.