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FIDELITY CHINA SPECIAL SITUATIONS ORD GBP0.01

Symbol: FCSS

Streaming is not available when market closed. Some prices may be as at close of business from the previous working day.

Whilst we endeavour to price investments on a real-time streaming or 15 min delayed basis, some prices may be as at close of business from the previous working day.

Invest in this share within an ISA, JISA, SIPP or Investment Account

Past Performance

  • 27th Apr 2019 to 27th Apr 2020-5.89%
  • 27th Apr 2020 to 27th Apr 202195.02%
  • 27th Apr 2021 to 27th Apr 2022-46.81%
  • 27th Apr 2022 to 27th Apr 20234.16%
  • 27th Apr 2023 to 27th Apr 2024-6.35%
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Key Information

Benchmark MSCI China
Sector IT China/Greater China
Gearing 128%
Ex-Dividend Date 15 Jun 2023
Dividend Pay Date 27 Jul 2023
Total Dividends - Year to Date6.25
Dividend Yield (%)2.9343

Net Asset Value (Nav)

Latest actual NAV 237.21
Latest actual NAV date 24/04/2024
NAV frequency Daily
Premium/Discount -10.42%

Charges

Total Ongoing Charges 
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing. 		1.864%
Performance Fee No
AMC 0.90%
Our Platform Charge
We charge a platform fee of 0.35% per annum on the value of all stocks & shares held across all accounts, minimum £24 and maximum £240 per annum, charged pro-rata monthly in arrears. A full list of our rates and charges can be found here . 		0.35%

Cost and Charges Information

This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product

Account Type

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

Annual charges

These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate

Cost Category % of Investment lump sum costs
Our annual fee

Our annual fee

Includes our platform fee at 0.35% per annum for Funds (up to £250,000) and Stocks & Shares (min £24 max £240), plus SIPP administration fee (if applicable, only charged if <£30,000 held) - see here 		0.35%
Dealing charges

Dealing charges

Any one-off commission charges associated with investing. Note that government taxes and levies are not included 		N/A
Product provider costs

Product provider costs

Product provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs 		1.864%
Total (£)

Total (£)

Costs per annum displayed in monetary value
Total (%)

Total (%)

Costs per annum displayed as a percentage of investment value

Cumulative effect of charges on your investment's return

This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges

lump sum invested with an assumed growth rate of 1 year years
What you might get back at  with no charges applied

What you might get back at  with no charges applied

These are the illustrative values of a  investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of assuming a net zero growth rate
Effect of charges on return (%)

Effect of charges on return (%)

These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate
Effect of charges on return (£)

Effect of charges on return (£)

These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate
What you might get back at with charges applied

What you might get back at with charges applied

These are the illustrative values of a investment after growth and costs at the end of the defined period

This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use

Company

Business Summary

Fidelity China Special Situations PLC is a United Kingdom-based investment company. The investment objective of the Company is to achieve long-term capital growth from an actively managed portfolio made up primarily of securities issued by companies in China, both listed and unlisted, as well as Chinese companies listed elsewhere. The Company may also invest in companies with significant interests in China. It also invests into other transferable securities, collective investment schemes, money market instruments, cash and deposits and is also able to use derivatives and bank borrowing for gearing purposes and efficient portfolio management. FIL Investment Services (UK) Limited (FISL) is the Company’s alternative investment fund manager and FIL Investment Management (Hong Kong) Limited is its investment manager. Its portfolio of investment is spread across various sectors, which include consumer discretionary, communication services, financials, industrials and healthcare, others.

Financial Summary

BRIEF: For the six months ended 30 September 2023, Fidelity China Special Situations PLC revenues decreased 23% to -£126.3M. Net loss increased 27% to £147.9M. Revenues reflect (Losses)/gains on investments held at fa decrease from -£52.2M to -£119.6M, Foreign exchange (losses)/gains decrease from £13.2M to -£2M, Investment income- Overseas dividends decrease of 20% to £22.3M. Higher net loss reflects Other expenses increase of 38% to £672K (expense).

Performance

  • Chart Options

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      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      7.58% 7.25% 6.82% -6.35% -48.11% -4.77%

      Important Information
      Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.

      The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.

      Composition

      View Fund Allocation by:

      TOP 10 HOLDINGS TOP 10 ASSETS TOP 10 SECTORS TOP 10 GEOGRAPHIES

      Important Documents


      The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.

      Fund Provider Factsheet
      The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured. &nbsp;
      FUND PROVIDER FACTSHEET
      236,144 bytes PDF Document; last updated 31 Mar 2024
      Key Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INFORMATION DOCUMENT
      175,453 bytes PDF Document; last updated 05 Apr 2024
      Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
      ANNUAL REPORT
      6,089,567 bytes PDF Document; last updated 31 Mar 2023
      Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
      SEMI-ANNUAL REPORT
      2,563,350 bytes PDF Document; last updated 30 Sep 2023
      GET ADOBE READER

      Management Team

      Dale Nicholls has managed this fund for 10 years .

      Dale Nicholls Dale 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 to Portfolio Manager for the FF Pacific Fund in 2003. Dale is based in our Hong Kong 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.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Financials


      Income Statement - All values are in GBP (M).

      Year Ending

      31/03/2023

      31/03/2022

      31/03/2021

      31/03/2020

      31/03/2019

      31/03/2018

      Total Revenue 56.09 -724.89 1,020.35 -57.61 -50.46 299.14
      Gross profit 25.79 -749.47 993.45 -80.05 -73.91 278.21
      Operating Profit/Loss 24.44 -752.60 991.38 -82.59 -77.18 274.68
      Profit Before Tax 24.44 -752.60 991.38 -82.59 -77.18 274.68
      Profit After Tax 23.29 -753.78 990.62 -83.08 -77.87 274.00
      Equity Holders of Parent Company 23.29 -753.78 990.62 -83.08 -77.87 274.00
      Minority Interest NIL NIL NIL NIL NIL NIL


      Balance Sheet - All values are in GBP (M).

      Year Ending

      31/03/2023

      31/03/2022

      31/03/2021

      31/03/2020

      31/03/2019

      31/03/2018

      Total Non-Current Assets 1,318.76 1,365.49 2,167.28 1,289.81 1,423.16 1,495.82
      Total Current Assets 142.01 144.09 142.32 118.58 188.39 158.92
      Total Assets 1,460.77 1,509.58 2,309.60 1,408.38 1,611.55 1,654.74
      Total Liabilities 122.35 108.96 126.62 135.34 209.96 151.87
      Total Net Assets 1,338.42 1,400.62 2,182.98 1,273.05 1,401.59 1,502.87
      Shareholders Funds 1,338.42 1,400.62 2,182.98 1,273.05 1,401.59 1,502.87
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity 1,338.42 1,400.62 2,182.98 1,273.05 1,401.59 1,502.87

      Investment involves risk. You may get back less than invested.