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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.

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

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Popular Articles

Read Next

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

Read Next

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