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FLATX Fidelity® Latin America

  • Fund
  • FLATX
  • Price as of: Aug 22, 2017
  • $24.56
  • + $0.24
  • + 0.99%
  • Category
  • Latin America Equities

FLATX - Profile

Vitals

  • YTD Return 28.9%
  • 3 Yr Annualized Return -8.7%
  • 5 Yr Annualized Return -7.0%
  • Net Assets $566 M
  • Holdings in Top 10 43.7%

52 WEEK LOW AND HIGH

$24.56
$18.16
$24.56

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.14%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 108.00%

TRADING FEES

  • Max Redemption Fee 1.50%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Latin America Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Latin America Stock

Distributions

  • YTD Total Return 28.9%
  • 3 Yr Annualized Total Return -8.7%
  • 5 Yr Annualized Total Return -7.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.40%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name Fidelity® Latin America Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Apr 19, 1993
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager William Pruett

Fund Description

The Fidelity Latin America Fund (FLATX) is an actively managed specialized fund that holds stocks located in Latin America. The fund can hold small-, mid- and large-cap stocks of firms domiciled in Mexico, Brazil, Argentina, Peru, Chile or other Latin American nations. FLATX can also hold other stocks/investments that are tied economically to Latin America.

Despite its low costs, FLATX’s narrow focus on one emerging-market region means that it is best suited as a satellite position in a broad equity portfolio. The fund is internally managed by Fidelity.

FLATX - Performance

Return Ranking - Trailing

Period FLATX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 28.9% -5.0% 41.4% 15.63% 1
1 Yr 11.0% -29.5% 23.5% 55.17% 3
3 Yr -8.7% * -16.9% -3.7% 80.77% 5
5 Yr -7.0% * -14.8% -1.9% 76.47% 4
10 Yr -3.7% * -4.7% -1.1% 82.35% 4

* Annualized


Return Ranking - Calendar

Period FLATX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 16.7% -32.6% 29.9% 53.13% 3
2015 -31.4% -32.7% 0.0% 55.17% 4
2014 -23.9% -26.9% 0.0% 82.61% 5
2013 -32.5% -32.5% 0.0% 84.21% 5
2012 -5.3% -12.9% 14.1% 72.22% 4

Total Return Ranking - Trailing

Period FLATX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 28.9% -5.0% 42.7% 18.75% 1
1 Yr 11.0% -32.3% 25.2% 37.93% 2
3 Yr -8.7% * -17.5% -3.7% 61.54% 4
5 Yr -7.0% * -15.1% -1.9% 76.47% 4
10 Yr -3.7% * -4.7% -1.1% 82.35% 4

* Annualized


Total Return Ranking - Calendar

Period FLATX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 16.7% -32.6% 29.9% 53.13% 3
2015 -30.3% -32.7% 0.0% 44.83% 3
2014 -17.5% -18.1% 0.0% 78.26% 5
2013 -22.2% -22.5% 0.0% 68.42% 4
2012 5.3% 0.0% 20.9% 66.67% 4

NAV & Total Return History

FLATX - Holdings

Filings data as of: May 31, 2017

Concentration Analysis

FLATX Category Low Category High FLATX % Rank Quintile
Net Assets 566 M 3.73 M 637 M 6.25% 1
Number of Holdings 51 1 65 28.13% 3
Net Assets in Top 10 254 M 0 336 M 6.25% 1
Weighting of Top 10 43.7% 0.0% 58.3% 25.00% 3

Top 10 Holdings

  1. Itau Unibanco Holding SA 9.50%
  2. Credicorp Ltd 3.60%
  3. Itausa Investimentos ITAU SA 7.27%
  4. Kroton Educacional SA 3.44%
  5. Petroleo Brasileiro SA Petrobras 4.20%
  6. Smiles SA 3.23%
  7. Copa Holdings SA Class A 2.94%
  8. Promotora Y Operadora de Infraestructura SAB de CV L 3.04%
  9. Gentera SAB de CV 3.01%
  10. Qualicorp SA 3.43%

Asset Allocation

Weighting Category Low Category High FLATX % Rank Quintile
Stocks
99.12% 0.00% 99.95% 6.25% 1
Cash
0.89% 0.00% 100.00% 37.50% 4
Preferred Stocks
0.00% 0.00% 13.22% 15.63% 5
Other
0.00% -0.39% 4.63% 28.13% 4
Convertible Bonds
0.00% 0.00% 0.02% 6.25% 3
Bonds
0.00% 0.00% 23.03% 9.38% 3

Stock Sector Breakdown

Weighting Category Low Category High FLATX % Rank Quintile
Financial Services
36.70% 11.07% 36.70% 3.13% 1
Industrials
14.44% 2.24% 14.44% 3.13% 1
Consumer Defense
12.15% 1.44% 30.03% 37.50% 5
Consumer Cyclical
10.74% 2.88% 26.16% 28.13% 4
Healthcare
9.42% 0.00% 9.42% 3.13% 1
Technology
5.18% 0.00% 5.18% 3.13% 1
Energy
4.20% 0.00% 11.75% 18.75% 3
Basic Materials
3.02% 0.00% 19.86% 40.63% 5
Utilities
1.89% 0.00% 14.73% 37.50% 4
Real Estate
1.37% 0.00% 7.94% 40.63% 5
Communication Services
0.00% 0.00% 5.32% 34.38% 4

Stock Geographic Breakdown

Weighting Category Low Category High FLATX % Rank Quintile
Non US
95.04% 0.00% 98.47% 15.63% 2
US
4.08% 0.00% 20.40% 21.88% 2

FLATX - Expenses

Operational Fees

FLATX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.14% 1.07% 5.94% 90.63% 1
Management Fee 0.70% 0.70% 1.25% 21.88% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.08% 0.25% N/A N/A

Sales Fees

FLATX Fees (% of AUM) Category Low Category High FLATX Rank Quintile
Front Load N/A 3.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

FLATX Fees (% of AUM) Category Low Category High FLATX Rank Quintile
Max Redemption Fee 1.50% 1.50% 2.00% 8.00% 2

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FLATX Fees (% of AUM) Category Low Category High FLATX Rank Quintile
Turnover 108.00% 11.97% 437.65% 9.38% 5

FLATX - Distributions

Dividend Yield Analysis

FLATX Category Low Category High FLATX % Rank Quintile
Dividend Yield N/A 0.01% 0.58% N/A N/A

Dividend Distribution Analysis

FLATX Category Low Category High Category Mode
Dividend Distribution Frequency None Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

FLATX Category Low Category High FLATX % Rank Quintile
Net Income Ratio 2.40% -0.16% 2.47% 6.25% 1

Capital Gain Distribution Analysis

FLATX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

FLATX - Managers

William Pruett

Manager

Start Date

Oct 16, 2015

Tenure

1.71

Tenure Rank

20.5%

Since joining Fidelity Investments in 2008, Mr. Pruett has worked as a research analyst and a portfolio manager.


Tenure Analysis

Category Low

0.6

Category High

14.8

Category Average

4.18

Category Mode

2.5