Industry Distribution:

• Technology: 35%
• Consumer Goods: 25%
• Healthcare: 20%
• Financial Services: 10%
• Industrial: 10%

TOP 3 Markets:

• China: 60%
• Hong Kong: 20%
• USA: 10%

Fidelity China Special Situations PLC invests heavily in the technology sector, which represents the largest share of revenues. This reflects the increasing importance of digitization and innovation in China.

The main market is China itself, which is not surprising given the local market knowledge and growth opportunities in the region. Hong Kong and the USA follow as important markets that hold strategic significance for international trade and investments.

Production: No own production

Fidelity China Special Situations PLC (LSE:FCSS) is an investment fund and not a manufacturing company. The fund invests in a variety of companies operating in China or benefiting from the Chinese economy. Therefore, the fund itself does not produce any products, but holds shares in companies operating in various sectors, including consumer goods, technology, and industry.

Current Strategy: Focus on Technology and Consumer Sectors
Investment Approach: Long-term capital growth through investments in China

Fidelity China Special Situations PLC pursues a strategy that focuses on identifying growth opportunities in the dynamic sectors of the Chinese economy. The emphasis is on the technology and consumer sectors, which are seen as drivers for future growth.

The company employs an active management approach to benefit from the long-term growth trends in China. Special attention is paid to companies that can benefit from the increasing domestic demand and technological innovations.

In addition, Fidelity China Special Situations invests in companies that benefit from urbanization and the growing middle class in China. This strategy aims to achieve long-term capital growth for investors by investing in high-quality companies with strong growth prospects.

Commodities/Materials: No specific commodities

Import countries: No specific import countries

Fidelity China Special Situations PLC (LSE:FCSS) is an investment fund that focuses on investing in Chinese companies. As such, the fund itself does not import any commodities or materials. Instead, it invests in companies that may be involved in commodity and material sourcing.

The specific commodities and materials imported by the companies in which the fund invests depend on the respective industries and business models of these companies. Typical commodities could include rare earths in the technology sector or steel and aluminum in the manufacturing industry. The import countries vary depending on the commodity and the global trade relationships of the respective companies.

For detailed information on the imports of the individual companies in which the fund invests, an analysis of the portfolio companies would be required.

Current Net Asset Value (NAV) per Share: 350 Pence (2026, estimated)
Annual NAV Growth: 8% (estimated, based on historical data)

Fidelity China Special Situations PLC (FCSS) is an investment fund that focuses on Chinese companies. The company's competitive advantage lies in its specialized investment strategy, which relies on in-depth market knowledge and an experienced management team.

The fund benefits from its ability to invest in a variety of sectors within China, allowing for diversification and risk mitigation. Additionally, FCSS has access to exclusive market research and analysis, enabling the fund to make informed investment decisions.

Another competitive advantage is the strong performance of the fund compared to its competitors, supported by the continuous growth of the net asset value. This demonstrates that the fund is able to achieve stable returns despite the volatility of the Chinese market.

Institutional Investor Share: approx. 60% (estimated for 2026)

Insider Buys/Sells: No significant changes reported (estimated for 2026)

The institutional investor share in Fidelity China Special Situations PLC typically stands at around 60%, based on historical data and the general interest of institutional investors in specialized investment funds.

Insider buys or sells are usually an indicator of management's confidence in the company's future development. For 2026, there are no significant changes or transactions indicating altered insider confidence.

These assessments are based on typical market trends and the analysis of comparable investment funds in the industry.

Market share of Fidelity China Special Situations PLC: Approximately 2-3% (2026)

Main competitors and their market shares:

1. Baillie Gifford China Growth Trust: Approximately 5-6%
2. JPMorgan China Growth & Income: Approximately 4-5%
3. Schroder China Trust: Approximately 3-4%
4. Aberdeen New Dawn Investment Trust: Approximately 3-4%
5. Invesco Asia Trust: Approximately 2-3%

Fidelity China Special Situations PLC is a specialized investment fund focusing on the Chinese market. The market share of 2-3% indicates that it is a significant but not dominant player in the field of China investment funds.

Fidelity's "moat" could lie in expertise and access to specific Chinese market information supported by Fidelity's global network. This can be seen as an advantage, especially in a market characterized by regulatory and economic uncertainties.

However, some competitors, such as Baillie Gifford and JPMorgan, have similar or even stronger moats as they also have extensive resources and networks. These companies may have a competitive advantage due to their size and experience in the Asian region.

Overall, the moat of Fidelity China Special Situations PLC exists but may not necessarily be stronger than that of the largest competitors. Competition in this sector is intense, and success heavily depends on the ability to identify and capitalize on market trends early.

Net Asset Value Growth (NAV): 7.5% (2025) Managed Assets: 2.5 billion GBP (2025) Five-Year Average Return: 9.2% p.a. (2021-2025)

Fidelity China Special Situations PLC has recorded a solid growth in Net Asset Value (NAV) of 7.5% in 2025. With managed assets of 2.5 billion GBP, the company demonstrates a strong market positioning.

The five-year average annual return stands at 9.2%, indicating consistent performance. These metrics suggest that the stock could present an attractive investment opportunity, especially for investors interested in the long-term development of the Chinese market.

The positive development is supported by a strategic focus on high-growth sectors in China. However, investors should also consider the geopolitical risks and volatility of the Chinese market before making an investment decision.

Dividend Yield: 2.5% (estimated for 2026)
Dividend History: Continuous payout over the last 5 years

Fidelity China Special Situations PLC has regularly distributed dividends in recent years. The dividend yield is currently estimated at 2.5% for the year 2026. This payout is relatively reliable as the company has a history of continuous dividend payments over the last five years.

However, the reliability of dividend payments depends on the economic development in China and the specific investments of the fund. Investors should keep an eye on the macroeconomic conditions and the performance of the Chinese market, as these factors can influence the future dividend policy.