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FLATX Fidelity® Latin America

  • Fund
  • FLATX
  • Price as of: Jul 15, 2019
  • $27.41 - $0.12 - 0.44%
  • Category
  • Latin America Equities
Profile Performance Holdings Expenses Distributions Managers Read Next

FLATX - Profile

Vitals

  • YTD Return 27.9%
  • 3 Yr Annualized Return 9.8%
  • 5 Yr Annualized Return -3.8%
  • Net Assets $554 M
  • Holdings in Top 10 52.7%

52 WEEK LOW AND HIGH

$27.41
$19.88
$27.67

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 27.9%
  • 3 Yr Annualized Total Return 12.1%
  • 5 Yr Annualized Total Return -0.1%
  • 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 27.9% 5.4% 27.0% 16.67%
1 Yr 23.6% 11.1% 26.7% 41.67%
3 Yr 9.8%* 9.1% 13.2% 83.33%
5 Yr -3.8%* -5.4% -1.1% 83.33%
10 Yr -3.6%* -3.5% 1.0% 50.00%

* 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 27.9% 5.4% 27.0% 16.67%
1 Yr 26.5% 11.1% 29.3% 16.67%
3 Yr 12.1%* 9.1% 13.2% 41.67%
5 Yr -0.1%* -5.4% -0.2% 16.67%
10 Yr 2.5%* -3.5% 3.2% 12.50%

* 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 554 M 159 M 588 M 41.67%
Number of Holdings 34 34 62 91.67%
Net Assets in Top 10 274 M 84.2 M 320 M 41.67%
Weighting of Top 10 52.68% 52.7% 53.5% 91.67%

Top 10 Holdings

  1. Itausa Investimentos ITAU SA Participating Preferred 11.77%
  2. Petroleo Brasileiro SA Petrobras Participating Preferred 9.34%
  3. Azul SA ADR 4.89%
  4. Itau Unibanco Holding SA Participating Preferred 4.59%
  5. Hapvida Participacoes Investimento SA Ordinary Shares 4.39%
  6. Companhia de Locacao Americas SA 3.68%
  7. Grupo Financiero Banorte SAB de CV Class O 3.63%
  8. Qualicorp Consultoria E Corretora De Seguros SA 3.49%
  9. Suzano SA 3.47%
  10. Banco BTG Pactual S.A. Unit 3.44%

Asset Allocation

Weighting Return Low Return High FLATX % Rank
Stocks 		99.87% 93.35% 99.87% 33.33%
Cash 		0.13% 0.13% 4.61% 91.67%
Preferred Stocks 		0.00% 0.00% 0.00% 66.67%
Other 		0.00% 0.00% 0.03% 75.00%
Convertible Bonds 		0.00% 0.00% 2.04% 66.67%
Bonds 		0.00% 0.00% 0.09% 83.33%

Stock Sector Breakdown

Weighting Return Low Return High FLATX % Rank
Financial Services 		44.63% 25.32% 44.63% 33.33%
Healthcare 		12.86% 0.11% 12.86% 33.33%
Industrials 		11.76% 2.88% 11.76% 33.33%
Energy 		9.34% 1.94% 10.79% 58.33%
Consumer Defense 		8.01% 8.01% 22.08% 91.67%
Consumer Cyclical 		6.89% 6.89% 31.98% 91.67%
Basic Materials 		4.77% 0.45% 13.76% 58.33%
Technology 		1.60% 1.31% 2.37% 83.33%
Utilities 		0.00% 0.00% 9.57% 91.67%
Real Estate 		0.00% 0.00% 4.90% 83.33%
Communication Services 		0.00% 0.00% 5.45% 91.67%

Stock Geographic Breakdown

Weighting Return Low Return High FLATX % Rank
Non US 		96.74% 90.03% 97.22% 83.33%
US 		3.13% 0.00% 3.32% 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% 33.33%
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% 88.89%

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% 66.67%

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

View More 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

3.71

3.7%

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

Tenure Analysis

Category Low

N/A

Category High

N/A

Category Average

N/A

Category Mode

N/A

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