FLATX: Fidelity® Latin America

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FLATX Fidelity® Latin America

  • Fund
  • FLATX
  • Price as of: Oct 18, 2019
  • $26.99 + $0.21 + 0.78%

FLATX - Profile

Vitals

  • YTD Return 25.9%
  • 3 Yr Annualized Return 10.3%
  • 5 Yr Annualized Return 0.6%
  • Net Assets $542 M
  • Holdings in Top 10 53.8%

52 WEEK LOW AND HIGH

$26.99
$20.63
$27.75

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.07%

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

$2,500

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 25.9%
  • 3 Yr Annualized Total Return 10.3%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.39%
DIVIDENDS
  • Dividend Yield 1.9%
  • 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 (%)
YTD 25.9% 6.0% 26.1% 18.75%
1 Yr 28.3% 3.1% 28.3% 6.25%
3 Yr 10.3%* 3.7% 10.3% 6.67%
5 Yr 0.6%* -4.0% 1.6% 35.71%
10 Yr -0.3%* -6.3% 0.2% 20.00%

* Annualized


Return Ranking - Calendar

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% 30.77%
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%

Total Return Ranking - Trailing

Period FLATX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.9% 6.0% 26.1% 18.75%
1 Yr 28.3% 3.1% 28.3% 6.25%
3 Yr 10.3%* 3.7% 10.3% 6.67%
5 Yr 0.6%* -4.0% 1.6% 57.14%
10 Yr -0.3%* -6.3% 0.2% 20.00%

* Annualized


Total Return Ranking - Calendar

Period FLATX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.4% -11.4% -2.6% 64.29%
2017 30.5% 26.6% 30.6% 15.38%
2016 19.6% 18.4% 29.9% 76.92%
2015 -29.8% -32.7% -29.8% 16.67%
2014 -15.4% -26.9% -9.2% 41.67%

NAV & Total Return History

FLATX - Holdings

Concentration Analysis

FLATX Category Low Category High FLATX % Rank
Net Assets 542 M 10.9 M 559 M 47.06%
Number of Holdings 32 32 66 100.00%
Net Assets in Top 10 285 M 3.26 M 316 M 47.06%
Weighting of Top 10 53.77% 27.0% 56.7% 47.06%

Top 10 Holdings

  1. Itausa Investimentos ITAU SA Participating Preferred 10.88%

  2. Petroleo Brasileiro SA Petrobras Participating Preferred 9.11%

  3. Hapvida Participacoes Investimento SA Ordinary Shares 5.42%

  4. Azul SA ADR 4.86%

  5. Companhia de Locacao Americas SA 4.46%

  6. Qualicorp Consultoria E Corretora De Seguros SA 4.35%

  7. Banco BTG Pactual S.A. Unit 4.27%

  8. Lojas Renner SA 3.68%

  9. IRB Brasil Resseguros SA 3.40%

  10. Afya Ltd 3.34%


Asset Allocation

Weighting Return Low Return High FLATX % Rank
Stocks
99.91% 54.16% 99.91% 35.29%
Cash
0.10% 0.10% 37.99% 100.00%
Preferred Stocks
0.00% 0.00% 0.00% 100.00%
Other
0.00% 0.00% 0.00% 100.00%
Convertible Bonds
0.00% 0.00% 0.00% 100.00%
Bonds
0.00% 0.00% 7.84% 100.00%

Stock Sector Breakdown

Weighting Return Low Return High FLATX % Rank
Financial Services
37.72% 16.50% 39.12% 47.06%
Healthcare
15.39% 0.00% 15.39% 35.29%
Industrials
13.72% 3.81% 13.72% 35.29%
Consumer Defense
10.70% 7.09% 18.51% 94.12%
Energy
9.11% 0.00% 11.82% 58.82%
Consumer Cyclical
7.54% 4.09% 28.99% 94.12%
Basic Materials
3.32% 1.48% 15.75% 76.47%
Technology
2.40% 0.04% 5.80% 58.82%
Utilities
0.00% 0.00% 10.61% 100.00%
Real Estate
0.00% 0.00% 6.24% 100.00%
Communication Services
0.00% 0.00% 4.98% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High FLATX % Rank
Non US
98.32% 48.87% 98.32% 35.29%
US
1.59% 0.69% 5.29% 76.47%

FLATX - Expenses

Operational Fees

FLATX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.07% 0.95% 2.65% 87.50%
Management Fee 0.69% 0.69% 1.17% 35.29%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.10% 0.25% N/A

Sales Fees

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

Trading Fees

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 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 Return Low Category Return High Rank in Category (%)
Turnover 53.00% 25.70% 203.00% 75.00%

FLATX - Distributions

Dividend Yield Analysis

FLATX Category Low Category High FLATX % Rank
Dividend Yield 1.86% 0.00% 2.09% 17.65%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FLATX Category Low Category High FLATX % Rank
Net Income Ratio 2.39% -0.87% 2.45% 12.50%

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

Tenure

Tenure Rank

Oct 16, 2015

3.96

4.0%

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


Tenure Analysis

Category Low

0.59

Category High

6.75

Category Average

4.53

Category Mode

6.75