Fidelity Special Values PLC (FSV)

Profile

https://www.fidelity.co.uk/investmenttrusts/investment-range/special-values-plc.page

Fidelity Special Values PLC is a UK-domiciled closed-ended investment company launched on 17 November 1994. It aims to achieve long-term capital growth by investing primarily in equities and related financial instruments of UK companies that the investment manager views as undervalued or possessing unrecognized growth potential, guided by a contrarian investment philosophy. The portfolio blends investments across larger, medium, and smaller companies, with a diversified sector allocation led by financial services (around 25%), industrials (18%), and consumer defensive (12%), and primarily focused on the United Kingdom (over 85% of assets). Top holdings include Standard Chartered PLC, Fidelity ILF USD C Acc, and DCC PLC, representing key positions in banking, liquidity funds, and industrials. Managed by Alex Wright and Jonathan Winton, it employs gearing (gross around 11%) and derivatives for enhanced exposure, benchmarking against the FTSE All Share TR GBP Index. With total net assets of approximately £1.3-1.6 billion and an ongoing charge of 0.70%, Fidelity Special Values PLC plays a significant role in providing investors access to a value-oriented UK equity strategy within the investment trust market.