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

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

Largest Holdings

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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