FLATX: Fidelity® Latin America

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FLATX Fidelity® Latin America

  • Fund
  • FLATX
  • Price as of: Dec 12, 2019
  • $27.97
    + $0.43 + 1.56%

Profile

FLATX - Profile

Vitals

  • YTD Return 30.5%
  • 3 Yr Annualized Return 13.5%
  • 5 Yr Annualized Return 2.3%
  • Net Assets $554 M
  • Holdings in Top 10 55.6%

52 WEEK LOW AND HIGH

$27.97
$20.69
$28.78

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


Distributions

  • YTD Total Return 30.5%
  • 3 Yr Annualized Total Return 13.5%
  • 5 Yr Annualized Total Return 2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.39%
DIVIDENDS
  • Dividend Yield 0.1%
  • 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.


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Performance

FLATX - Performance

Return Ranking - Trailing

Period FLATX Return Category Return Low Category Return High Rank in Category (%)
YTD 30.5% 11.8% 30.8% 25.00%
1 Yr 23.6% 6.0% 32.5% 43.75%
3 Yr 13.5%* 9.3% 16.8% 42.86%
5 Yr 2.3%* 0.5% 6.1% 61.54%
10 Yr -1.3%* -6.1% -1.2% 23.08%

* 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 30.5% 11.8% 30.8% 25.00%
1 Yr 23.6% 6.0% 32.7% 43.75%
3 Yr 13.5%* 9.3% 16.8% 42.86%
5 Yr 2.3%* 0.5% 6.1% 61.54%
10 Yr -1.3%* -6.1% -0.8% 38.46%

* 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


Holdings

FLATX - Holdings

Concentration Analysis

FLATX Category Low Category High FLATX % Rank
Net Assets 554 M 10.9 M 558 M 41.18%
Number of Holdings 29 29 66 94.12%
Net Assets in Top 10 325 M 3.21 M 325 M 29.41%
Weighting of Top 10 55.57% 29.6% 56.7% 41.18%

Top 10 Holdings

  1. Itausa Investimentos ITAU SA Participating Preferred 11.35%
  2. Petroleo Brasileiro SA Petrobras Participating Preferred 10.59%
  3. Azul SA ADR 5.17%
  4. Afya Ltd 5.03%
  5. Banco BTG Pactual S.A. Unit 4.75%
  6. Companhia de Locacao Americas SA 4.09%
  7. Hapvida Participacoes Investimento SA Ordinary Shares 3.95%
  8. Estacio Participacoes SA 3.59%
  9. Qualitas Controladora SAB de CV 3.52%
  10. Lojas Renner SA 3.51%

Asset Allocation

Weighting Return Low Return High FLATX % Rank
Stocks
97.80% 68.01% 98.61% 76.47%
Cash
2.19% 1.40% 19.14% 47.06%
Preferred Stocks
0.00% 0.00% 0.00% 76.47%
Other
0.00% 0.00% 0.00% 76.47%
Convertible Bonds
0.00% 0.00% 0.00% 76.47%
Bonds
0.00% 0.00% 12.86% 88.24%

Stock Sector Breakdown

Weighting Return Low Return High FLATX % Rank
Financial Services
39.38% 22.01% 39.38% 29.41%
Industrials
15.74% 4.87% 15.74% 29.41%
Consumer Defense
11.13% 6.72% 16.22% 88.24%
Healthcare
10.63% 0.03% 10.63% 29.41%
Energy
10.59% 1.31% 11.88% 52.94%
Consumer Cyclical
5.28% 4.72% 20.70% 88.24%
Basic Materials
3.07% 3.07% 18.72% 94.12%
Technology
1.97% 0.04% 7.35% 52.94%
Utilities
0.00% 0.00% 6.21% 94.12%
Real Estate
0.00% 0.00% 6.24% 94.12%
Communication Services
0.00% 0.00% 4.74% 94.12%

Stock Geographic Breakdown

Weighting Return Low Return High FLATX % Rank
Non US
93.85% 65.72% 95.90% 76.47%
US
3.95% 1.92% 3.95% 29.41%

Expenses

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% 29.41%
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% 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 53.00% 25.70% 203.00% 68.75%

Distributions

FLATX - Distributions

Dividend Yield Analysis

FLATX Category Low Category High FLATX % Rank
Dividend Yield 0.07% 0.00% 1.44% 47.06%

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 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

Dividend Payout History

View More +

Fund Manager Analysis

FLATX - Fund Manager Analysis

Managers

William Pruett


Start Date

Tenure

Tenure Rank

Oct 16, 2015

4.13

4.1%

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
0.76 6.91 4.69 6.91