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FLFIX Fidelity Advisor® Latin America I

  • Fund
  • FLFIX
  • Price as of: Apr 22, 2019
  • $23.12
  • - $0.05
  • - 0.22%
  • Category
  • Latin America Equities

FLFIX - Profile

Vitals

  • YTD Return 8.0%
  • 3 Yr Annualized Return 11.6%
  • 5 Yr Annualized Return -1.8%
  • Net Assets $518 M
  • Holdings in Top 10 52.8%

52 WEEK LOW AND HIGH

$23.12
$19.85
$26.31

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.01%

SALES FEES

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

BROKERAGE FEES

  • Turnover 53.00%

TRADING FEES

  • Max Redemption Fee 1.50%

Min Investment

STANDARD (TAXABLE)

$0

IRA

$500

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 8.0%
  • 3 Yr Annualized Total Return 11.6%
  • 5 Yr Annualized Total Return -1.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.45%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name Fidelity® Latin America Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Sep 28, 2010
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager William Pruett

Fund Description

The fund normally invests at least 80% of assets in securities of Latin American issuers and other investments that are tied economically to Latin America. It normally invests primarily in common stocks and allocates investment across different Latin American countries. The fund invests up to 35% of total assets in any industry that accounts for more than 20% of the Latin American market. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments. The fund is non-diversified.

FLFIX - Performance

Return Ranking - Trailing

Period FLFIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.0% -5.0% 41.4% 43.75% 3
1 Yr -11.7% -29.5% 24.3% 62.07% 4
3 Yr 11.6% * -16.9% 15.9% 26.92% 2
5 Yr -1.8% * -14.8% 2.6% 58.82% 3
10 Yr 3.6% * -3.2% 7.1% 47.06% 3

* Annualized


Return Ranking - Calendar

Period FLFIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -12.4% -32.6% 24.1% 56.25% 3
2017 28.4% -32.6% 28.6% 17.24% 1
2016 16.7% -13.6% 29.9% 47.83% 3
2015 -31.4% -32.7% 0.0% 68.42% 4
2014 -23.9% -26.9% 14.1% 88.89% 5

Total Return Ranking - Trailing

Period FLFIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.0% -5.0% 42.7% 43.75% 3
1 Yr -11.7% -32.3% 25.2% 58.62% 3
3 Yr 11.6% * -17.5% 15.9% 23.08% 1
5 Yr -1.8% * -15.1% 2.6% 52.94% 3
10 Yr 3.6% * -3.2% 7.1% 47.06% 3

* Annualized


Total Return Ranking - Calendar

Period FLFIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -12.4% -32.6% 24.8% 56.25% 3
2017 28.4% -32.1% 28.6% 17.24% 1
2016 16.7% -31.5% 29.9% 47.83% 3
2015 -30.2% -32.7% 0.0% 36.84% 3
2014 -17.5% -18.1% 14.7% 72.22% 4

NAV & Total Return History

FLFIX - Holdings

Filings data as of: Feb 28, 2019

Concentration Analysis

FLFIX Category Low Category High FLFIX % Rank Quintile
Net Assets 518 M 3.73 M 597 M 9.38% 1
Number of Holdings 36 1 64 25.00% 4
Net Assets in Top 10 288 M 0 309 M 6.25% 1
Weighting of Top 10 52.8% 0.0% 58.3% 12.50% 2

Top 10 Holdings

  1. Itau Unibanco Holding SA Participating Preferred 5.52%
  2. Itausa Investimentos ITAU SA Participating Preferred 11.73%
  3. Petroleo Brasileiro SA Petrobras Participating Preferred 9.88%
  4. Hapvida Participacoes Investimento SA Ordinary Shares 3.97%
  5. Azul SA ADR 4.67%
  6. Suzano Papel E Celulose SA 4.89%
  7. Estacio Participacoes SA 3.61%
  8. Banco del Bajio SA 2.69%
  9. Qualicorp SA 2.74%
  10. Banco BTG Pactual S.A. Unit 3.14%

Asset Allocation

Weighting Category Low Category High FLFIX % Rank Quintile
Stocks
99.74% 0.00% 99.95% 6.25% 1
Cash
0.26% 0.00% 100.00% 40.63% 4
Preferred Stocks
0.00% 0.00% 13.22% 12.50% 4
Other
0.00% -0.39% 4.63% 21.88% 3
Convertible Bonds
0.00% 0.00% 0.25% 6.25% 3
Bonds
0.00% 0.00% 23.03% 12.50% 3

Stock Sector Breakdown

Weighting Category Low Category High FLFIX % Rank Quintile
Financial Services
39.24% 11.07% 40.27% 6.25% 1
Industrials
17.16% 2.24% 17.16% 3.13% 1
Healthcare
13.23% 0.00% 13.23% 3.13% 1
Energy
9.88% 0.00% 11.75% 9.38% 1
Basic Materials
7.12% 0.00% 19.86% 31.25% 3
Consumer Defense
5.78% 1.44% 30.03% 43.75% 4
Consumer Cyclical
5.30% 2.88% 25.30% 43.75% 4
Technology
2.03% 0.00% 4.85% 15.63% 2
Utilities
0.00% 0.00% 14.73% 43.75% 4
Real Estate
0.00% 0.00% 7.94% 43.75% 5
Communication Services
0.00% 0.00% 6.88% 40.63% 4

Stock Geographic Breakdown

Weighting Category Low Category High FLFIX % Rank Quintile
Non US
95.69% 0.00% 99.05% 12.50% 2
US
4.05% 0.00% 20.40% 21.88% 2

FLFIX - Expenses

Operational Fees

FLFIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.01% 1.01% 5.94% 90.63% 1
Management Fee 0.69% 0.69% 1.25% 25.00% 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

FLFIX Fees (% of AUM) Category Low Category High FLFIX 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

FLFIX Fees (% of AUM) Category Low Category High FLFIX Rank Quintile
Max Redemption Fee 1.50% 1.50% 2.00% 8.00% 1

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.

FLFIX Fees (% of AUM) Category Low Category High FLFIX Rank Quintile
Turnover 53.00% 11.97% 437.65% 25.00% 3

FLFIX - Distributions

Dividend Yield Analysis

FLFIX Category Low Category High FLFIX % Rank Quintile
Dividend Yield 0.5% 0.00% 1.15% 21.74% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FLFIX Category Low Category High FLFIX % Rank Quintile
Net Income Ratio 2.45% -0.87% 2.45% 3.13% 1

Capital Gain Distribution Analysis

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

FLFIX - Managers

William Pruett

Manager

Start Date

Oct 16, 2015

Tenure

3.46

Tenure Rank

13.7%

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


Tenure Analysis

Category Low

0.3

Category High

15.2

Category Average

3.98

Category Mode

4.3