Investment Trust

Fidelity China Special Situations Ord

FCSS offers exposure to the wide range of opportunities in China
Last Updated 16 December 2025
Assets Under Management
Premium Discount
/
1 Year Return (Share/NAV)
/
5 Year Annualised Return (Share/NAV)
Our Analyst's View Live Portfolio Data

Key Information

ISIN
GB00B62Z3C74
Inception Date
19 April 2010
Annual Reporting Charge
0.89%
Ongoing Cost
0.89%
Management Fee
0.85%
12 Month Yield
2.41%
Source: Morningstar
Past performance is not a reliable indicator of future results

Performance

Cumulative Performance (%)

YTD 1Mo 3Mo 1Yr 3Yr Ann. 5Yr Ann. SI
NAV Total Return 4.64% 1.61% -5.11% 51.78% 9.09% -2.08% 8.89%
Share Price Total Return 5.75% 2.95% 6.79% 36.16% 8.53% -0.83% 9.50%
As at last close. NAV Total Return with debt at par.

Portfolio

Type

Equity 67.77%
Contract 23.62%
Alternatives 2.58%
Mutual 2.48%
Cash 2.16%
Bond 1.39%

Sectors

Consumer Cyclical 29.69%
Communication Services 16.00%
Industrials 13.49%
Healthcare 10.40%
Consumer Defensive 8.88%
Technology 7.15%
Financial Services 5.94%
Real Estate 3.91%
Basic Materials 2.14%
Other 2.40%

Countries

China 85.34%
Hong Kong 8.09%
Other Countries 3.63%
United States 1.62%
Japan 0.91%
Taiwan 0.35%
Netherlands 0.05%
Singapore 0.01%
United Kingdom 0.00%

Top Holdings

Name Type Weight
Tencent Holdings Ltd Equity 8.17%
PDD Holdings Inc ADR Equity 4.59%
Fidelity ILF - USD C Acc Mutual Fund Open End 3.33%
CFD on Tencent Holdings Ltd Contract For Difference 3.20%
Hesai Group ADR Equity 2.76%
CFD on Alibaba Group Holding Ltd Ordinary Shares Contract For Difference 2.68%
BYTEDANCE Equity 2.68%
Pony AI Inc ADR Equity 2.16%
VENTUROUS HOLDINGS LIM A Alternatives Private Equity 2.06%
NetEase Inc Ordinary Shares Equity 1.98%
As at 30 Jun 2025

Tags

Explore subjects related to this fund
Investing in Asia Capital Growth Growth companies Income & Growth China Asia Emerging & Frontier markets

About the Author

Ryan Lightfoot-Aminoff
[email protected]
Ryan joined Kepler in August 2022 as an investment trust research analyst. Prior to this, he spent seven years as a senior research analyst at Chelsea Financial Services where he worked on fund selection for their retail clients and on their multi-asset fund range. He holds an MSc in Finance & BA in Accounting & Finance from the University of the West of England.

Disclaimer

Disclaimer

Past performance is not a reliable indicator of future results. The value of investments can fall as well as rise and you may get back less than you invested when you decide to sell your investments. It is strongly recommended that as a private investor independent financial advice should be taken before making any investment or financial decision.

Kepler Partners is not authorised to make recommendations to retail clients. This report has been issued by Kepler Partners LLP, is based on factual information only, is solely for information purposes only and any views contained in it must not be construed as investment or tax advice or a recommendation to buy, sell or take any action in relation to any investment.

The information provided on this website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject Kepler Partners LLP to any registration requirement within such jurisdiction or country. In particular, this website is exclusively for non-US Persons. Persons who access this information are required to inform themselves and to comply with any such restrictions.

The information contained in this website is not intended to constitute, and should not be construed as, investment advice. No representation or warranty, express or implied, is given by any person as to the accuracy or completeness of the information and no responsibility or liability is accepted for the accuracy or sufficiency of any of the information, for any errors, omissions or misstatements, negligent or otherwise. Any views and opinions, whilst given in good faith, are subject to change without notice.

This is not an official confirmation of terms and is not a recommendation, offer or solicitation to buy or sell or take any action in relation to any investment mentioned herein. Any prices or quotations contained herein are indicative only.  

Kepler Partners LLP (including its partners, employees and representatives) or a connected person may have positions in or options on the securities detailed in this report, and may buy, sell or offer to purchase or sell such securities from time to time, but will at all times be subject to restrictions imposed by the firm’s internal rules. A copy of the firm’s Conflict of Interest policy is available on request.

PLEASE SEE ALSO OUR TERMS AND CONDITIONS

Kepler Partners LLP is authorised and regulated by the Financial Conduct Authority (FRN 480590), registered in England and Wales at 70 Conduit Street, London W1S 2GF with registered number OC334771.

Welcome to Expert Investor

Please enter a valid email address
{{item.msg}}
Please enter a valid password
{{item.msg}}
Please enter a valid email address
{{item.msg}}
Please check your email. If an account exists you'll be sent instructions on how to reset your password.
To ensure that we are able to provide content which is appropriate for you, please tell us a little about yourself.
Please choose an option
{{item.msg}}
Please enter a company name
{{item.msg}}
Please enter a location name
{{item.msg}}
Please choose an option
{{item.msg}}
Please enter a platform
{{item.msg}}
Please choose an option
{{item.msg}}
Please enter a trust
{{item.msg}}
See benefits
A free Expert Investor account allows you to access premium content including the ‘Kepler View’ – our verdict on the trusts we cover – and historical research so you can see how our view has changed over time. An account also unlocks useful facilities like the ‘follow’ button which lets you keep track of the trusts you’re interested in and as a logged in user you can also download PDFs of our research, and choose the layout of the page you’re reading to suit your preference. We will not share your details unless you give us permission to do so, and we won’t bombard you with emails – we only send one a week.
Please select an option
{{item.msg}}
Please enter your first name
{{item.msg}}
Please enter your last name
{{item.msg}}
Please enter a valid email address
An account already exists with this email - have you forgotten your password?
{{item.msg}}
Please enter a valid password
{{item.msg}}
Please enter a valid password
{{item.msg}}
?
The information contained herein is not for distribution and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States to or for the benefit of any United States person (being residents of the United States or partnerships or corporations organised under the laws thereof). The investment funds referred to herein have not been registered in the United States under the Investment Company Act of 1940 and units or shares of such funds are not registered in the United States under the Securities Act of 1933.
Please confirm
{{item.msg}}
Please select an option
{{item.msg}}
Already got an account?
How will this information be used? Your answers help us to tailor our content to relevant investment trusts, and to ensure that the asset allocation and portfolio strategy research we produce is appropriate to our userbase.
Our Website uses Cookies Cookies are small text files held on your computer. They allow us to give you the best browsing experience possible and mean we can understand how you use our site. Some cookies have already been set. You can delete and block cookies, but parts of our site won’t work without them. By using our website you accept our use of cookies. For further information please refer to the Kepler Privacy Notice.
Need help?

One more thing...

Did you know, you can 'follow' individual trusts on Expert Investor? Use the functions below to set up alerts and we'll send you research and updates on your chosen trusts.

Suggested trusts to follow

{{item.name}} x
Browse all funds
Need help?
Current Site Expert Investor is produced by the investment companies team at Kepler Partners and is the UK’s premier source of detailed qualitative research on investment trusts. Absolute Hedge is a market leading UCITS research database providing proprietary research on funds, themes and strategies in the UCITS space. Kepler Liquid Strategies is a Dublin domiciled UCITS fund platform featuring a number of best-of-breed fund managers. Kepler Partners is a corporate advisory and asset raising boutique specialising in the regulated funds market in Europe and investment trusts in the UK.