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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.
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| Period | FLATX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.1% | 1.3% | 9.2% | 41.67% |
| 1 Yr | 0.2% | -3.8% | 8.1% | 75.00% |
| 3 Yr | 9.3%* | 7.6% | 11.9% | 100.00% |
| 5 Yr | -6.1%* | -6.5% | -1.5% | 91.67% |
| 10 Yr | -4.5%* | -4.1% | 2.0% | 100.00% |
* Annualized
| Period | FLATX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -12.5% | -12.5% | -2.6% | 100.00% |
| 2017 | 28.5% | 26.6% | 28.6% | 33.33% |
| 2016 | 16.7% | 16.7% | 29.9% | 100.00% |
| 2015 | -31.4% | -32.7% | -30.9% | 58.33% |
| 2014 | -23.9% | -26.9% | -11.4% | 83.33% |
| Period | FLATX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.1% | 1.3% | 9.2% | 41.67% |
| 1 Yr | 2.6% | -3.8% | 8.1% | 50.00% |
| 3 Yr | 11.6%* | 7.6% | 11.9% | 50.00% |
| 5 Yr | -2.5%* | -6.3% | -1.5% | 58.33% |
| 10 Yr | 1.5%* | -2.6% | 3.3% | 50.00% |
* Annualized
| Period | FLATX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -10.4% | -11.4% | -2.6% | 66.67% |
| 2017 | 30.5% | 26.6% | 30.6% | 16.67% |
| 2016 | 19.6% | 18.4% | 29.9% | 75.00% |
| 2015 | -29.8% | -32.7% | -29.8% | 16.67% |
| 2014 | -15.4% | -26.9% | -9.2% | 41.67% |
| FLATX | Category Low | Category High | FLATX % Rank | |
|---|---|---|---|---|
| Net Assets | 518 M | 159 M | 588 M | 50.00% |
| Number of Holdings | 38 | 38 | 61 | 100.00% |
| Net Assets in Top 10 | 277 M | 86.5 M | 320 M | 50.00% |
| Weighting of Top 10 | 54.34% | 47.6% | 54.3% | 41.67% |
| Weighting | Return Low | Return High | FLATX % Rank | |
|---|---|---|---|---|
| Stocks | 100.33% | 93.35% | 100.33% | 41.67% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 75.00% |
| Other | 0.00% | 0.00% | 0.03% | 83.33% |
| Convertible Bonds | 0.00% | 0.00% | 2.04% | 75.00% |
| Bonds | 0.00% | 0.00% | 0.10% | 91.67% |
| Cash | -0.33% | -0.33% | 4.61% | 100.00% |
| Weighting | Return Low | Return High | FLATX % Rank | |
|---|---|---|---|---|
| Financial Services | 40.58% | 25.41% | 40.58% | 41.67% |
| Industrials | 17.06% | 2.82% | 17.06% | 41.67% |
| Healthcare | 13.32% | 0.11% | 13.32% | 41.67% |
| Energy | 10.49% | 2.12% | 11.35% | 66.67% |
| Basic Materials | 7.29% | 3.72% | 15.93% | 91.67% |
| Consumer Defense | 5.95% | 5.95% | 17.41% | 100.00% |
| Consumer Cyclical | 3.61% | 3.61% | 27.40% | 100.00% |
| Technology | 2.01% | 1.31% | 3.88% | 91.67% |
| Utilities | 0.00% | 0.00% | 11.90% | 100.00% |
| Real Estate | 0.00% | 0.00% | 4.90% | 91.67% |
| Communication Services | 0.00% | 0.00% | 5.92% | 100.00% |
| Weighting | Return Low | Return High | FLATX % Rank | |
|---|---|---|---|---|
| Non US | 96.49% | 90.03% | 99.19% | 91.67% |
| US | 3.84% | 0.00% | 3.84% | 41.67% |
| FLATX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.07% | 1.01% | 2.65% | 91.67% |
| Management Fee | 0.69% | 0.69% | 1.17% | 41.67% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.10% | 0.25% | N/A |
| FLATX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
| FLATX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 1.50% | 1.50% | 2.00% | 100.00% |
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 Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 53.00% | 25.70% | 203.00% | 75.00% |
| FLATX | Category Low | Category High | FLATX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.02% | 0.00% | 0.02% | 16.67% |
| FLATX | Category Low | Category High | Category Mode | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Annually | Annually |
| Date | Amount |
|---|---|
| Dec 31, 2018 | $0.020 |
| Dec 10, 2018 | $0.483 |
| Dec 29, 2017 | $0.080 |
| Dec 11, 2017 | $0.291 |
| Dec 30, 2016 | $0.080 |
| Dec 12, 2016 | $0.393 |
| Dec 29, 2015 | $0.028 |
| Dec 07, 2015 | $0.345 |
| Dec 08, 2014 | $0.403 |
| Dec 27, 2013 | $0.050 |
| Dec 09, 2013 | $0.656 |
| Dec 10, 2012 | $0.969 |
| Dec 29, 2011 | $0.015 |
| Dec 05, 2011 | $0.800 |
| Dec 31, 2010 | $0.030 |
| Dec 06, 2010 | $0.259 |
| Sep 30, 2010 | $0.794 |
| Dec 31, 2009 | $0.089 |
| Dec 07, 2009 | $0.595 |
| Dec 07, 2009 | $0.387 |
| Dec 31, 2008 | $0.109 |
| Dec 08, 2008 | $0.347 |
| Dec 10, 2007 | $0.645 |
| Jan 02, 2007 | $0.030 |
| Dec 11, 2006 | $0.575 |
| Dec 30, 2005 | $0.109 |
| Dec 12, 2005 | $0.346 |
| Dec 30, 2004 | $0.010 |
| Dec 13, 2004 | $0.287 |
| Dec 15, 2003 | $0.227 |
| Dec 16, 2002 | $0.168 |
| Dec 17, 2001 | $0.247 |
| Jan 02, 2001 | $0.020 |
| Dec 18, 2000 | $0.049 |
| Dec 06, 1999 | $0.138 |
| Dec 31, 1998 | $0.020 |
| Dec 07, 1998 | $0.227 |
| Dec 08, 1997 | $0.198 |
| Dec 09, 1996 | $0.227 |
| Dec 29, 1995 | $0.010 |
| Dec 11, 1995 | $0.109 |
| Dec 13, 1993 | $0.109 |
| FLATX | Category Low | Category High | FLATX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.39% | -0.87% | 2.45% | 16.67% |
| FLATX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Manager
Start Date
Tenure
Tenure Rank
Oct 16, 2015
3.54
3.5%
Since joining Fidelity Investments in 2008, Mr. Pruett has worked as a research analyst and a portfolio manager.
Tenure Analysis
Category Low
0.35
Category High
6.33
Category Average
4.23
Category Mode
6.33
MUTUAL FUND EDUCATION
MUTUAL FUND EDUCATION
