Investment Trusts
Fidelity Special Values is an actively managed UK equity investment trust with a contrarian and value-oriented approach. It seeks companies where the manager believes market expectations are too pessimistic or recovery potential is underestimated.
Investment in UK-listed companies across large, medium and smaller businesses, often focusing on undervalued, out-of-favour or restructuring situations, with selective gearing.
The UK equity market, although many portfolio companies have significant overseas revenues and operations.
UK value-stock performance, stock selection, corporate turnarounds, takeover activity, interest rates, economic recovery, gearing and narrowing of the trust's discount.
Value traps, stock-specific disappointments, UK economic weakness, smaller-company volatility, gearing, concentration and a persistent discount to net asset value.
29 April 2026: half-year results showed a 23.1% share-price total return and 17.1% NAV return for the six months to February, compared with 18.9% for the FTSE All-Share. The interim dividend rose 3.9% to 3.49p.
Pays interim and final dividends. The 2026 interim dividend was 3.49p, ex-dividend on 14 May and paid on 22 June. The final dividend will be determined with full-year results later in 2026.
The complete 350 Trade Book — 350 leading UK-listed companies, presented in one consistent working reference.