FLATX: Fidelity® Latin America

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FLATX Fidelity® Latin America


Profile

FLATX - Profile

Vitals

  • YTD Return -3.7%
  • 3 Yr Annualized Return 9.4%
  • 5 Yr Annualized Return 4.0%
  • Net Assets $596 M
  • Holdings in Top 10 56.6%

52 WEEK LOW AND HIGH

$28.29
$22.48
$29.87

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.05%

SALES FEES

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

BROKERAGE FEES

  • Turnover 48.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA $2,500

Fund Classification


Distributions

  • YTD Total Return -3.7%
  • 3 Yr Annualized Total Return 10.8%
  • 5 Yr Annualized Total Return 5.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.13%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 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.


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Performance

FLATX - Performance

Return Ranking - Trailing

Period FLATX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.7% -3.9% 0.5% 64.71%
1 Yr 14.8% -3.6% 21.5% 43.75%
3 Yr 9.4%* 3.0% 14.1% 61.54%
5 Yr 4.0%* 2.2% 9.3% 61.54%
10 Yr -5.4%* -6.2% -1.3% 87.50%

* Annualized

Return Ranking - Calendar

Period FLATX Return Category Return Low Category Return High Rank in Category (%)
2019 37.1% 14.3% 37.3% 18.75%
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%

Total Return Ranking - Trailing

Period FLATX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.7% -3.9% 0.5% 64.71%
1 Yr 14.8% -3.6% 21.5% 43.75%
3 Yr 10.8%* 3.0% 14.1% 38.46%
5 Yr 5.8%* 2.2% 9.3% 46.15%
10 Yr 0.4%* -6.2% 0.4% 12.50%

* Annualized

Total Return Ranking - Calendar

Period FLATX Return Category Return Low Category Return High Rank in Category (%)
2019 37.1% 14.3% 37.3% 18.75%
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%

NAV & Total Return History


Holdings

FLATX - Holdings

Concentration Analysis

FLATX Category Low Category High FLATX % Rank
Net Assets 596 M 11.4 M 596 M 29.41%
Number of Holdings 28 28 65 94.12%
Net Assets in Top 10 352 M 4.01 M 352 M 29.41%
Weighting of Top 10 56.56% 34.1% 56.6% 29.41%

Top 10 Holdings

  1. Itausa Investimentos ITAU SA Participating Preferred 10.94%
  2. Petroleo Brasileiro SA Petrobras Participating Preferred 9.93%
  3. Companhia de Locacao Americas SA 5.57%
  4. Azul SA ADR 5.34%
  5. Banco BTG Pactual S.A. Unit 5.16%
  6. Afya Ltd 4.76%
  7. Genomma Lab Internacional SAB de CV 3.77%
  8. Estacio Participacoes SA 3.74%
  9. Lojas Renner SA 3.70%
  10. Hapvida Participacoes Investimento SA Ordinary Shares 3.64%

Asset Allocation

Weighting Return Low Return High FLATX % Rank
Stocks
99.39% 69.95% 99.39% 29.41%
Cash
0.61% 0.61% 16.47% 94.12%
Preferred Stocks
0.00% 0.00% 0.09% 82.35%
Other
0.00% 0.00% 0.00% 76.47%
Convertible Bonds
0.00% 0.00% 0.00% 76.47%
Bonds
0.00% 0.00% 13.58% 88.24%

Stock Sector Breakdown

Weighting Return Low Return High FLATX % Rank
Financial Services
37.31% 26.79% 40.18% 41.18%
Industrials
18.68% 7.14% 18.68% 29.41%
Consumer Defense
11.35% 11.35% 14.97% 94.12%
Healthcare
10.25% 0.10% 10.25% 29.41%
Energy
9.99% 1.48% 9.99% 29.41%
Consumer Cyclical
6.10% 6.10% 20.17% 94.12%
Basic Materials
3.45% 3.45% 22.36% 94.12%
Technology
2.85% 1.01% 4.02% 58.82%
Utilities
0.00% 0.00% 4.17% 94.12%
Real Estate
0.00% 0.00% 6.40% 94.12%
Communication Services
0.00% 0.00% 4.95% 94.12%

Stock Geographic Breakdown

Weighting Return Low Return High FLATX % Rank
Non US
94.54% 68.59% 96.20% 76.47%
US
4.85% 1.36% 4.85% 29.41%

Expenses

FLATX - Expenses

Operational Fees

FLATX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.05% 0.86% 2.62% 87.50%
Management Fee 0.69% 0.69% 1.10% 29.41%
12b-1 Fee N/A 0.24% 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 N/A 2.00% 2.00% 91.67%

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 48.00% 20.20% 189.00% 43.75%

Distributions

FLATX - Distributions

Dividend Yield Analysis

FLATX Category Low Category High FLATX % Rank
Dividend Yield 0.00% 0.00% 0.28% 76.47%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FLATX Category Low Category High FLATX % Rank
Net Income Ratio 3.13% -0.72% 3.31% 18.75%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FLATX - Fund Manager Analysis

Managers

William Pruett


Start Date

Tenure

Tenure Rank

Oct 16, 2015

4.3

4.3%

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

Tenure Analysis

Category Low Category High Category Average Category Mode
0.93 7.08 4.86 7.08