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FLATX Fidelity® Latin America

  • Fund
  • FLATX
  • Price as of: Aug 08, 2016
  • $21.56
  • + $0.06
  • + 0.28%
  • Category
  • Latin America Equities

FLATX - Profile

Vitals

  • YTD Return 32.0%
  • 3 Yr Annualized Return -8.8%
  • 5 Yr Annualized Return -10.6%
  • Net Assets $586 M
  • Holdings in Top 10 43.6%

52 WEEK LOW AND HIGH

$21.56
$14.05
$21.56

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.13%

SALES FEES

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

BROKERAGE FEES

  • Turnover 30.00%

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 32.0%
  • 3 Yr Annualized Total Return -8.8%
  • 5 Yr Annualized Total Return -10.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.53%
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 32.0% -12.7% 46.5% 40.00% 3
1 Yr 6.6% -29.5% 16.3% 37.50% 2
3 Yr -8.8% * -16.9% -2.1% 82.61% 4
5 Yr -10.6% * -14.8% -5.0% 76.47% 4
10 Yr -0.1% * -2.0% 2.5% 71.43% 4

* Annualized


Return Ranking - Calendar

Period FLATX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -31.4% -32.7% -18.0% 50.00% 3
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

Total Return Ranking - Trailing

Period FLATX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 32.0% -12.7% 46.5% 40.00% 3
1 Yr 6.6% -32.3% 16.3% 37.50% 2
3 Yr -8.8% * -17.5% -2.1% 73.91% 4
5 Yr -10.6% * -15.1% -5.0% 76.47% 4
10 Yr -0.1% * -2.0% 2.5% 71.43% 4

* Annualized


Total Return Ranking - Calendar

Period FLATX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -31.4% -32.7% -18.0% 50.00% 3
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

NAV & Total Return History

FLATX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

FLATX Category Low Category High FLATX % Rank Quintile
Net Assets 586 M 3.73 M 587 M 6.25% 1
Number of Holdings 51 32 69 25.00% 4
Net Assets in Top 10 239 M 1.11 M 319 M 6.25% 1
Weighting of Top 10 43.6% 24.5% 58.3% 25.00% 4

Top 10 Holdings

  1. Itau Unibanco Holding SA 7.68%
  2. Fomento Economico Mexicano SAB de CV Units (1 Series B, 4 Series D) 4.43%
  3. Grupo Financiero Banorte SAB de CV Class O 5.34%
  4. Cielo SA 4.06%
  5. Credicorp Ltd 3.96%
  6. BB Seguridade Participacoes SA 2.41%
  7. Itausa Investimentos ITAU SA 3.50%
  8. Kroton Educacional SA 2.87%
  9. Ambev SA 6.74%
  10. Qualicorp SA 2.60%

Asset Allocation

Weighting Category Low Category High FLATX % Rank Quintile
Stocks
98.30% 59.16% 99.95% 6.25% 1
Cash
1.69% 0.00% 17.65% 28.13% 3
Other
0.00% -0.39% 4.63% 25.00% 4
Convertible Bonds
0.00% 0.00% 0.02% 6.25% 3
Preferred Stocks
0.00% 0.00% 13.22% 15.63% 5
Bonds
0.00% 0.00% 23.03% 9.38% 3

Stock Sector Breakdown

Weighting Category Low Category High FLATX % Rank Quintile
Financial Services
35.04% 11.07% 35.04% 3.13% 1
Consumer Defense
22.38% 1.44% 30.03% 21.88% 4
Consumer Cyclical
11.78% 2.88% 21.33% 18.75% 3
Industrials
9.85% 2.24% 15.60% 28.13% 3
Healthcare
5.43% 0.00% 8.15% 6.25% 1
Technology
5.28% 0.00% 5.28% 3.13% 1
Basic Materials
3.31% 0.00% 19.86% 37.50% 4
Energy
2.19% 0.00% 11.75% 28.13% 4
Utilities
1.84% 0.00% 14.73% 37.50% 4
Real Estate
1.21% 0.00% 8.99% 34.38% 5
Communication Services
0.00% 0.00% 6.38% 37.50% 4

Stock Geographic Breakdown

Weighting Category Low Category High FLATX % Rank Quintile
Non US
94.09% 38.76% 96.14% 18.75% 3
US
4.21% 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 1.13% 1.06% 5.94% 87.50% 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 30.00% 11.97% 437.65% 21.88% 3

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 1.53% -0.27% 1.76% 12.50% 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

0.79

Tenure Rank

24.7%

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


Tenure Analysis

Category Low

0.1

Category High

13.8

Category Average

3.84

Category Mode

1.6