Fact sheet: Fidelity China Spec Sits Plc

Fund information
Fund name
Fidelity China Special Situations Plc
Fund manager company
Fidelity (FIL Invt Intl)
Fund type
Investment Trust
Fund managers
  • Dale Nichollssince 04/01/2014
Accolades
Fund objective
This fund is focused on the long-term growth potential of China. The portfolio is made up primarily of securities issued by companies listed in China or Hong Kong and Chinese companies listed elsewhere. It may also invest in listed companies with significant interests in China and Hong Kong.
Benchmark
  • MSCI China
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
32.5%
1 Year rank in sector
2/8
Sector
IT Country Specialists Asia Pacific
Yield
1%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.2%
Fund size
£991m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
165
Mid price
179.6
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
209.47
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-13.59
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
124
Top in this sector
Fund name1 Year
VinaCapital Vietnam Opp57.6%
Fidelity China Spec Sits Plc32.5%
Abrdn New Thai IT PLC32.3%
Vietnam Ent Inv23.9%
India Cap Grwth22.2%
...more in IT Country Specialists Asia Pacific

Performance snapshot

Holdings snapshot

  • China86.8%
    USA25.3%
    UK3.7%
    Taiwan3.1%
    Others1.5%
  • Information Technology32.6%
    Consumer Discretionary32.4%
    Industrials17.4%
    Financials11.4%
    Consumer Staples10.2%
  • Chinese Equities86.8%
    US Equities25.3%
    UK Equities3.7%
    Taiwanese Equities3.1%
    Others1.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.3%6.7%31.8%32.5%74.6%140.1%
Sector-6.8%1.1%24.3%31.2%75.4%113.2%
Rank within sector4 / 82 / 81 / 82 / 85 / 82 / 8
Quartile2nd1st1st1st3rd1st
Calendar performance
 YTD - 20162015201420132012
Fund26.7%8.2%27.4%27.2%16%
Sector29%-1%35.8%2.9%25.8%
Rank within sector3 / 81 / 85 / 82 / 87 / 8
Quartile2nd1st3rd1st4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
1.84
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.08
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.91
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
23.12
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
17.38
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.1
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.43
Price movement
52 week high198.2
52 week low110.5
Current bid price178.2
Current offer price179.6
Current mid price179.6
Region
1China86.8%
2USA25.3%
3UK3.7%
4Taiwan3.1%
5Others1.5%
6Singapore0.4%
7Australia0.3%
8Not Specified-21.1%
Industry sector
1Information Technology32.6%
2Consumer Discretionary32.4%
3Industrials17.4%
4Financials11.4%
5Consumer Staples10.2%
6Energy5.2%
7Health Care5.1%
8Materials4.2%
9Telecommunications Utilities3.2%
Asset type
1Chinese Equities86.8%
2US Equities25.3%
3UK Equities3.7%
4Taiwanese Equities3.1%
5Others1.5%
6Singapore Equities0.4%
7Australian Equities0.3%
8Alternative Investment Strategies-21.1%
Individual holdings
1TENCENT HLDGS LTD11.5%
2ALIBABA GROUP HLDG LTD9.2%
3CHINA PACIFIC INSURANCE GRP CO LTD5%
4CHINA PETROLEUM & CHEMICAL CORP2.8%
5CITIC TELECOM INTL HLDGS2.5%
6CTRIP COM INTERNATIONAL2.4%
7NETEASE INC2.4%
8CT ENVIRONMENTAL GROUP2%
9HUTCHISON CHINA MEDITECH1.9%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity (FIL Invt Intl)
Fund type
Investment Trust
Fund objective
This fund is focused on the long-term growth potential of China. The portfolio is made up primarily of securities issued by companies listed in China or Hong Kong and Chinese companies listed elsewhere. It may also invest in listed companies with significant interests in China and Hong Kong.
Benchmark
  • MSCI China
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
Dale Nicholls04/01/2014Dale Nicholls joined Fidelity as a Research Associate in 1996 in our Tokyo office. During his tenure as a Japanese equity analyst, Dale covered miscellaneous financials, insurance & regional banks, chemicals, consumer products and technology. He was promoted portfolio manager for the FF Pacific Fund in 2003 and portfolio manager for the FF Asian Smaller Companies Fund in 2011. He is based in our Singapore office to gain a better footing in the Asia Pacific region. Prior to joining Fidelity, Dale worked at Bankers Trust Asia Securities, Tokyo and as a Market/Business Analyst at Sony Corporation, Tokyo. He graduated from the Queensland University of Technology, Australia. .
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
Fidelity China Special Situations Plc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price209.79
CurrencyGBX
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJEZ
Data provided by

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