Fund of the Week: Fidelity® Event Driven Opportunities Fund (FARNX)

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Fund of the Week: Fidelity® Event Driven Opportunities Fund (FARNX)

Shauna O'Brien

|

Fidelity Investments logo
As we enter the second quarter of 2015, special events, such as M&A have continued to remain a focus on Wall Street. For mutual fund investors seeking a different approach to the current investing environment, an event-driven mutual fund may be a good option.

This week, we have chosen the Fidelity® Event Driven Opportunities Fund (FARNX) as the fund of the week.

Inside the Fund

The fund was launched in 2013 and is managed by Arvind Navaratnam. Currently, it has about $188 million in assets under management (AUM).

The majority of the fund’s holdings are smaller sized companies that are based in the United States. Nearly a quarter of the fund’s portfolio holdings are in the consumer cyclical industry.

Historical Performance

2014 YTD
9.23% 3.4%
Largest Holdings
Symbol Stock Portfolio Weight YTD Performance
UVV Universal Corp 8.32% +9%
CNSI Comverse Inc 4.19% +21%
ALLE Allegion PLC 2.03% +8%
MANT Mantech International Corp 1.84% +8%
NEWM New Media Investment Group 1.43% -8%

The Bottom Line

For investors seeking exposure to events within the market, a mutual fund like the Fidelity® Event Driven Opportunities Fund may be a good pick.

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Fidelity Investments logo

Fund of the Week: Fidelity® Event Driven Opportunities Fund (FARNX)

Shauna O'Brien

|

As we enter the second quarter of 2015, special events, such as M&A have continued to remain a focus on Wall Street. For mutual fund investors seeking a different approach to the current investing environment, an event-driven mutual fund may be a good option.

This week, we have chosen the Fidelity® Event Driven Opportunities Fund (FARNX) as the fund of the week.

Inside the Fund

The fund was launched in 2013 and is managed by Arvind Navaratnam. Currently, it has about $188 million in assets under management (AUM).

The majority of the fund’s holdings are smaller sized companies that are based in the United States. Nearly a quarter of the fund’s portfolio holdings are in the consumer cyclical industry.

Historical Performance

2014 YTD
9.23% 3.4%
Largest Holdings
Symbol Stock Portfolio Weight YTD Performance
UVV Universal Corp 8.32% +9%
CNSI Comverse Inc 4.19% +21%
ALLE Allegion PLC 2.03% +8%
MANT Mantech International Corp 1.84% +8%
NEWM New Media Investment Group 1.43% -8%

The Bottom Line

For investors seeking exposure to events within the market, a mutual fund like the Fidelity® Event Driven Opportunities Fund may be a good pick.

If you’ve enjoyed this article, sign up for the free MutualFunds.com newsletter; we’ll send you similar content weekly.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Read Next

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