Fidelity American Special Situations Accumulation Units

Sell : 375.40p | Buy : 375.40p | down 9.60p
Last valuation as at 21-11-2008

At a glance

Initial charge 3.50%
Initial saving 3.00%
Annual charge 1.50%
Annual saving 0.200% ²
Total Expense Ratio 1.67%
Launch date 10-11-1980
Launch price £0.25
Sector North America
Fund size £339 million
Number of holdings 57
Fund type OEIC
Type of units Accumulation

HL Research - Our view on this Fund

Mark Dampier Riskier than Fidelity's traditional American fund but has held up relatively well in recent falls.

Full research

About the Fund Manager

Photo of Robert Haber

Robert Haber
Located in: Boston


Bob Haber is chief investment officer, Canada, and head of equities for Fidelity Global Advisors, a Fidelity investment company. Bob manages the Fidelity Focused Stock Fund, Fidelity Canadian Disciplined Equity Fund, Fidelity Canadian Balanced Fund, and serves as group leader for Canada as well as the Fidelity Global Advisors Institutional Equity Group.

Bob joined Fidelity in 1985 as a research analyst following the technology and energy industries. In 1986, he became an assistant for Fidelity Puritan Fund* and Fidelity Equity-Income Fund* and, soon after, was named portfolio manager for Fidelity Convertible Securities Fund*. Since then, Bob managed several Fidelity funds, including Fidelity Advisor Income & Growth Fund* from 1987 to 1996, Fidelity Balanced Fund* from 1988 to 1996, Fidelity Global Balanced Fund* from 1993 to 1996, and Fidelity Advisor Annuity Income & Growth Fund* from January 1995 to March 1996. He served as director of U.S. equity research from February 1996 through October 1997. Bob was appointed manager of several equity portfolios available exclusively to Canadian investors in July 1998. He was appointed manager of Fidelity Focused Stock Fund in February 2004.

Prior to joining Fidelity, Bob was a management consultant with McKinsey and Co.

 

Income details

Running yield N/a
Income paid Annually
Type of payment Dividend

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

Distribution dates

Ex-dividend date 01 March 2008
Payment date ³ 30 April 2008

Top 10 holdings

Wal-Mart Stores 5.68%
PNC Financial Services Group 4.37%
Kroger Co. 4.11%
Symantec Corp. 4.08%
Ross Stores 3.98%
Advance Auto Parts 3.34%
OSI Pharmaceuticals 3.13%
Annaly Capital Management 2.94%
Baxter International 2.81%
Thermo Fisher Scientific 2.73%

Top 10 sectors

General Retailers 17.19%
Cash and Equiv. 13.69%
Software & Computer Services 10.21%
Health Care Equipment & Services 7.22%
Pharmaceuticals & Biotechnology 7.08%
Oil Equipment, Services & Distribution 4.92%
Banks 4.37%
Food & Drug Retailers 4.11%
Industrial Engineering 3.95%
Fixed Line Telecommunications 3.76%

Top 10 countries

United States 86.31%
Cash and Equiv. 13.69%
Canada 0.00%

² Annual saving is not available in the SIPP.

³ If you elect to receive the income from a Vantage ISA, Fund or 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.

Last valuation as at 21-11-2008. Data accurate as at 30/09/2008.

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