Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

FLATX Fidelity® Latin America

  • Fund
  • FLATX
  • Price as of: May 21, 2019
  • $23.60 + $0.72 + 3.15%
  • Category
  • Latin America Equities

FLATX - Profile

Vitals

  • YTD Return 10.1%
  • 3 Yr Annualized Return 9.3%
  • 5 Yr Annualized Return -6.1%
  • Net Assets $518 M
  • Holdings in Top 10 54.3%

52 WEEK LOW AND HIGH

$23.60
$19.88
$25.29

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

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 10.1%
  • 3 Yr Annualized Total Return 11.6%
  • 5 Yr Annualized Total Return -2.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.39%
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 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 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


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% 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%

Total Return Ranking - Trailing

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


Total Return Ranking - Calendar

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%

NAV & Total Return History

FLATX - Holdings

Concentration Analysis

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%

Top 10 Holdings

  1. Itausa Investimentos ITAU SA Participating Preferred 11.65%

  2. Petroleo Brasileiro SA Petrobras Participating Preferred 10.49%

  3. Itau Unibanco Holding SA Participating Preferred 5.53%

  4. Azul SA ADR 4.90%

  5. Suzano SA 4.84%

  6. Hapvida Participacoes Investimento SA Ordinary Shares 3.76%

  7. Estacio Participacoes SA 3.57%

  8. Banco BTG Pactual S.A. Unit 3.41%

  9. Credito Real SAB de CV Sofom ER 3.23%

  10. Banco del Bajio SA 2.96%


Asset Allocation

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%

Stock Sector Breakdown

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%

Stock Geographic Breakdown

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 - Expenses

Operational Fees

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

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 0.02% 0.00% 0.02% 16.67%

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% 16.67%

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

3.54

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