FLFIX: Fidelity Advisor® Latin America I

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FLFIX Fidelity Advisor® Latin America I

  • Fund
  • FLFIX
  • Price as of: Oct 15, 2019
  • $26.66 - $0.11 - 0.41%

FLFIX - Profile

Vitals

  • YTD Return 24.6%
  • 3 Yr Annualized Return 6.7%
  • 5 Yr Annualized Return -2.3%
  • Net Assets $542 M
  • Holdings in Top 10 53.8%

52 WEEK LOW AND HIGH

$26.66
$20.60
$27.72

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.01%

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

$500

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 24.6%
  • 3 Yr Annualized Total Return 9.1%
  • 5 Yr Annualized Total Return 1.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.45%
DIVIDENDS
  • Dividend Yield 1.9%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name Fidelity® Latin America Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Sep 28, 2010
  • Shares Outstanding N/A
  • Share Class Inst
  • 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.

FLFIX - Performance

Return Ranking - Trailing

Period FLFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 24.6% 5.0% 24.7% 12.50%
1 Yr 19.6% 0.1% 36.3% 37.50%
3 Yr 6.7%* 4.4% 12.3% 73.33%
5 Yr -2.3%* -3.8% 4.5% 92.86%
10 Yr N/A* -6.3% 2.5% 37.50%

* Annualized


Return Ranking - Calendar

Period FLFIX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.4% -12.5% -2.6% 85.71%
2017 28.4% 26.6% 28.6% 38.46%
2016 16.7% 16.7% 29.9% 92.31%
2015 -31.4% -32.7% -30.9% 66.67%
2014 -23.9% -26.9% -11.4% 91.67%

Total Return Ranking - Trailing

Period FLFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 24.6% 5.0% 24.7% 12.50%
1 Yr 22.4% 0.1% 36.3% 25.00%
3 Yr 9.1%* 4.4% 12.3% 20.00%
5 Yr 1.6%* -3.8% 4.5% 28.57%
10 Yr N/A* -6.3% 2.5% 37.50%

* Annualized


Total Return Ranking - Calendar

Period FLFIX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.4% -11.4% -2.6% 57.14%
2017 30.6% 26.6% 30.6% 7.69%
2016 19.7% 18.4% 29.9% 69.23%
2015 -29.8% -32.7% -29.8% 8.33%
2014 -15.4% -26.9% -9.2% 33.33%

NAV & Total Return History

FLFIX - Holdings

Concentration Analysis

FLFIX Category Low Category High FLFIX % Rank
Net Assets 542 M 10.9 M 559 M 29.41%
Number of Holdings 32 32 66 82.35%
Net Assets in Top 10 285 M 3.26 M 335 M 29.41%
Weighting of Top 10 53.77% 27.0% 55.7% 29.41%

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 FLFIX % Rank
Stocks
99.91% 54.16% 99.91% 17.65%
Cash
0.10% 0.10% 37.99% 82.35%
Preferred Stocks
0.00% 0.00% 0.00% 17.65%
Other
0.00% 0.00% 0.00% 17.65%
Convertible Bonds
0.00% 0.00% 0.00% 17.65%
Bonds
0.00% 0.00% 7.84% 47.06%

Stock Sector Breakdown

Weighting Return Low Return High FLFIX % Rank
Financial Services
37.72% 16.50% 41.72% 29.41%
Healthcare
15.39% 0.00% 15.39% 17.65%
Industrials
13.72% 3.81% 13.72% 17.65%
Consumer Defense
10.70% 7.09% 18.51% 76.47%
Energy
9.11% 0.00% 11.82% 41.18%
Consumer Cyclical
7.54% 4.09% 28.99% 76.47%
Basic Materials
3.32% 1.48% 15.75% 58.82%
Technology
2.40% 0.04% 5.80% 41.18%
Utilities
0.00% 0.00% 10.61% 82.35%
Real Estate
0.00% 0.00% 6.89% 58.82%
Communication Services
0.00% 0.00% 4.98% 82.35%

Stock Geographic Breakdown

Weighting Return Low Return High FLFIX % Rank
Non US
98.32% 48.87% 98.32% 17.65%
US
1.59% 0.69% 5.29% 58.82%

FLFIX - Expenses

Operational Fees

FLFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.01% 0.95% 2.65% 93.75%
Management Fee 0.69% 0.69% 1.17% 17.65%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.10% 0.25% N/A

Sales Fees

FLFIX 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

FLFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.50% 1.50% 2.00% 83.33%

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.

FLFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 53.00% 25.70% 203.00% 56.25%

FLFIX - Distributions

Dividend Yield Analysis

FLFIX Category Low Category High FLFIX % Rank
Dividend Yield 1.89% 0.00% 2.11% 11.76%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FLFIX Category Low Category High FLFIX % Rank
Net Income Ratio 2.45% -0.87% 2.45% 6.25%

Capital Gain Distribution Analysis

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

FLFIX - 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