Page 29 - DIY Investor Magazine | Issue 34

A dedicated follower of the unfashionable
FIDELITY SPECIAL VALUES PLC
This investment trust seeks out underappreciated companies primarily listed in the UK, whose quality and long-term growth potential have been overlooked by the market.
Those who have held on to their vinyl records over the years, will understand why investing in what’s not in vogue can pay off. It’s something the trust’s portfolio managers appreciate, too. Supported by an extensive research team, they look to invest in out-of-favour companies, having spotted potential triggers for positive change they believe have been missed by others.
It’s a consistent and disciplined approach that has worked well; the trust has outperformed the FTSE All- Share Index over the long term, both since the current manager took over in September 2012 and from launch
over 27 years ago. As with vinyl, the true value of a good company is almost always recognised in time, even if it temporarily falls out of fashion.
The value of investments can go down as well as up and you may not get back the amount you invested. Overseas investments are subject to currency fluctuations. The trust can use financial derivative instruments for investment purposes, which may expose it to a higher degree of risk and can cause investments to experience larger-than- average price fluctuations. The trust invests 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 and the securities are often less liquid.
To find out more, go to fidelity.co.uk/specialvalues or speak to your adviser.
PAST PERFORMANCE
Apr 2017– Apr 2018– Apr 2019– Apr 2020– Apr 2021– Apr 2018 Apr 2019 Apr 2020 Apr 2021 Apr 2022
Net Asset Value 10.3% -1.0% -26.0% 53.9% 5.2%
Share Price 13.5% 2.4% -30.8% 64.1% 1.2%
FTSE All-Share Index 8.2% 2.6% -16.7% 25.9% 8.7%
Past performance is not a reliable indicator of future returns.
Source: Morningstar as at 30.04.2022, bid-bid, net income reinvested.
©2022 Morningstar Inc. All rights reserved. The FTSE All-Share Total Return Index is a comparative index of the investment trust.
The latest annual reports, key information document (KID) and factsheets 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. The Alternative Investment Fund Manager (AIFM) of Fidelity Investment Trusts is FIL Investment Services (UK) Limited. Issued by Financial Administration Services Limited, authorised and regulated by the Financial Conduct Authority. Fidelity, Fidelity International, the Fidelity International logo and F symbol are trademarks of FIL Limited. UKM0522/370827/ISSCSO00077/0822