Fidelity Special Values PLC: Latest Company News

New tiered pricing structure announced

July 2018

Following a review of the management fee payable to Fidelity International, the Board of Fidelity Special Values PLC have announced that the Company’s annual charge will reduce and a new tiered pricing structure will be adopted.

As of 1st September 2018 the annual charge will reduce from 0.875% to 0.85% on the first £700 million of net assets under management and 0.75% for the remainder. In addition, the Company’s fixed annual administration fee (for non-portfolio management services) of £600,000 per annum will reduce to £100,000.

Andy Irvine, Chairman of Fidelity Special Values PLC, Comments: “I am pleased that we can offer shareholders a new tiered pricing structure. Based on the current size of the Trust, this is equivalent to an overall reduction of approximately 9.5 basis points and will represent a useful saving for shareholders.”

From unloved to recovery; a three stage investment cycle

July 2018

In this short video, Alex Wright, portfolio manager of Fidelity Special Values PLC, reveals how companies like Cairn Homes fit his contrarian value investment philosophy and three stage investment cycle.

The stocks chosen for Fidelity Special Values PLC typically progress through a three stage investment cycle; from unloved and out of favour in stage one, through a period of positive change in stage two…….


Important information

Past performance is not a reliable indicator of future results. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. The value of investments can go down as well as up so investors may get back less than they invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. Reference to specific securities should not be construed as a recommendation to buy or sell these securities and is included for the purposes of illustration only.

Overseas investments are subject to currency fluctuations. The investment trust can gear through the use of bank loans or overdrafts and this can be achieved through the use of derivatives. Where this is the case, their use may lead to higher volatility in the Net Asset Value and Share Price. Some investment trusts, like Fidelity Special Values PLC, invest more heavily than others in smaller companies, which can carry a higher risk because their share prices may be more volatile than those of larger companies. The latest annual reports, factsheets and Key Information Document (KID) can be obtained from our website at www.fidelity.co.uk/its or by calling 0800 41 41 10. The full prospectus may also be obtained from Fidelity.

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