FSV

Fidelity Special Values PLC

Financial Services First-pass screen £1.4bn

380/1000 Overall fit

AI beneficiary 35% 15

Operating leverage 25% 30

Valuation 25% 62

Downside protection 15% 68

First-pass take

Investment trust holding UK equities at attractive valuations (11x forward P/E vs 14x FTSE) with 16 consecutive dividend growth. Portfolio is explicitly contrarian to AI/tech trade, with no exposure to AI beneficiaries. Investment trust structure lacks traditional operating leverage.

Flags

investment-trustno-ai-exposurecontrarian-valueuk-equity-focused