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Fidelity Latin America Fund
FLFAX (Mutual Fund)
Fidelity Latin America Fund
Name
As of 09/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-20.3%
1 yr return
-16.0%
3 Yr Avg Return
-4.3%
5 Yr Avg Return
-5.4%
Net Assets
$187 M
Holdings in Top 10
56.5%
52 WEEK LOW AND HIGH
$16.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.23%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 33.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 09/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FLFAX - Profile
Distributions
- YTD Total Return -20.3%
- 3 Yr Annualized Total Return -4.3%
- 5 Yr Annualized Total Return -5.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.70%
- Dividend Yield 0.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameFidelity Latin America Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateOct 01, 2010
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerWilliam Pruett
Fund Description
Normally investing at least 80% of assets in securities of Latin American issuers and other investments that are tied economically to Latin America.Normally investing primarily in common stocks.Allocating investments across different Latin American countries.Investing up to 35% of total assets in any industry that accounts for more than 20% of the Latin American market.Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.
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FLFAX - Performance
Return Ranking - Trailing
| Period | FLFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -20.3% | -23.2% | -6.9% | 90.48% |
| 1 Yr | -16.0% | -18.0% | 9.3% | 90.48% |
| 3 Yr | -4.3%* | -5.6% | 5.0% | 85.71% |
| 5 Yr | -5.4%* | -6.6% | 1.5% | 90.00% |
| 10 Yr | -3.2%* | -4.5% | 1.9% | 85.71% |
* Annualized
Return Ranking - Calendar
| Period | FLFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.6% | 16.7% | 31.7% | 80.95% |
| 2022 | -7.1% | -15.0% | 1.0% | 80.95% |
| 2021 | -18.0% | -24.3% | -7.1% | 40.00% |
| 2020 | -20.8% | -22.4% | 1.0% | 70.00% |
| 2019 | 37.2% | 10.2% | 47.4% | 15.79% |
Total Return Ranking - Trailing
| Period | FLFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -20.3% | -23.2% | -6.9% | 90.48% |
| 1 Yr | -16.0% | -18.0% | 9.3% | 90.48% |
| 3 Yr | -4.3%* | -5.6% | 5.0% | 85.71% |
| 5 Yr | -5.4%* | -6.6% | 1.5% | 90.00% |
| 10 Yr | -3.2%* | -4.5% | 1.9% | 85.71% |
* Annualized
Total Return Ranking - Calendar
| Period | FLFAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 23.6% | 22.7% | 36.6% | 90.48% |
| 2022 | 1.1% | -11.1% | 12.4% | 71.43% |
| 2021 | -15.8% | -21.1% | -1.5% | 60.00% |
| 2020 | -20.8% | -21.4% | 1.0% | 85.00% |
| 2019 | 40.2% | 13.8% | 50.6% | 31.58% |
NAV & Total Return History
FLFAX - Holdings
Concentration Analysis
| FLFAX | Category Low | Category High | FLFAX % Rank | |
|---|---|---|---|---|
| Net Assets | 187 M | 6.65 M | 5.28 B | 57.14% |
| Number of Holdings | 27 | 27 | 152 | 80.95% |
| Net Assets in Top 10 | 136 M | 2.1 M | 2.64 B | 33.33% |
| Weighting of Top 10 | 56.52% | 32.7% | 57.4% | 19.05% |
Top 10 Holdings
- GENOMMA LAB INTERNACIONAL SA 10.84%
- PETROBRAS PN (PFD REG) 9.20%
- AFYA LTD 6.37%
- ITAUSA (INVEST ITAU) PFD 4.85%
- HYPERA SA 4.54%
- CAIXA SEGURIDADE PARTICIPACO 4.54%
- SENDAS DISTRIBUIDORA SA 4.45%
- INTERCORP FINANCIAL SVCS INC 3.98%
- VAMOS LOCACAO DE CAMINHOES MAQUINAS E EQUIPAMENTOS SA 3.97%
- QUALITAS CONTROLADO SAB DE CV 3.80%
Asset Allocation
| Weighting | Return Low | Return High | FLFAX % Rank | |
|---|---|---|---|---|
| Stocks | 98.87% | 69.45% | 98.87% | 9.52% |
| Cash | 3.93% | 0.00% | 12.91% | 14.29% |
| Preferred Stocks | 0.00% | 0.00% | 28.24% | 76.19% |
| Other | 0.00% | -0.16% | 0.04% | 23.81% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 9.52% |
| Bonds | 0.00% | 0.00% | 4.73% | 14.29% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FLFAX % Rank | |
|---|---|---|---|---|
| Financial Services | 24.46% | 7.53% | 35.31% | 38.10% |
| Healthcare | 22.01% | 1.37% | 22.01% | 9.52% |
| Basic Materials | 17.96% | 6.29% | 30.27% | 61.90% |
| Consumer Defense | 16.00% | 6.76% | 16.72% | 14.29% |
| Energy | 10.33% | 3.95% | 17.38% | 23.81% |
| Industrials | 5.62% | 2.78% | 17.03% | 66.67% |
| Utilities | 3.63% | 0.56% | 24.83% | 38.10% |
| Technology | 0.00% | 0.00% | 5.06% | 71.43% |
| Real Estate | 0.00% | 0.00% | 6.78% | 66.67% |
| Communication Services | 0.00% | 0.00% | 7.08% | 80.95% |
| Consumer Cyclical | 0.00% | 0.00% | 17.90% | 80.95% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FLFAX % Rank | |
|---|---|---|---|---|
| Non US | 76.23% | 41.86% | 83.68% | 19.05% |
| US | 22.65% | 0.00% | 51.36% | 33.33% |
FLFAX - Expenses
Operational Fees
| FLFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.23% | 0.19% | 2.76% | 42.86% |
| Management Fee | 0.88% | 0.19% | 1.10% | 42.86% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 50.00% |
| Administrative Fee | N/A | 0.08% | 0.15% | N/A |
Sales Fees
| FLFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.75% | 3.50% | 5.75% | 25.00% |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| FLFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | 66.67% |
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.
| FLFAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 33.00% | 17.00% | 115.00% | 47.37% |
FLFAX - Distributions
Dividend Yield Analysis
| FLFAX | Category Low | Category High | FLFAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.33% | 2.54% | 9.47% | 42.86% |
Dividend Distribution Analysis
| FLFAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| FLFAX | Category Low | Category High | FLFAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.70% | -0.05% | 8.87% | 90.48% |
Capital Gain Distribution Analysis
| FLFAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 10, 2024 | $0.361 | OrdinaryDividend |
| Dec 29, 2023 | $0.053 | OrdinaryDividend |
| Dec 08, 2023 | $0.773 | OrdinaryDividend |
| Dec 09, 2022 | $1.584 | OrdinaryDividend |
| Dec 30, 2021 | $0.030 | OrdinaryDividend |
| Dec 03, 2021 | $0.439 | OrdinaryDividend |
| Dec 30, 2020 | $0.003 | OrdinaryDividend |
| Dec 30, 2019 | $0.050 | OrdinaryDividend |
| Dec 06, 2019 | $0.549 | OrdinaryDividend |
| Dec 28, 2018 | $0.020 | OrdinaryDividend |
| Dec 07, 2018 | $0.403 | OrdinaryDividend |
| Dec 28, 2017 | $0.080 | OrdinaryDividend |
| Dec 08, 2017 | $0.210 | OrdinaryDividend |
| Dec 29, 2016 | $0.080 | OrdinaryDividend |
| Dec 09, 2016 | $0.346 | OrdinaryDividend |
| Dec 28, 2015 | $0.028 | ExtraDividend |
| Dec 07, 2015 | $0.277 | OrdinaryDividend |
| Dec 29, 2014 | $0.030 | CapitalGainShortTerm |
| Dec 08, 2014 | $2.050 | CapitalGainLongTerm |
| Dec 08, 2014 | $0.305 | OrdinaryDividend |
| Dec 27, 2013 | $0.050 | ExtraDividend |
| Dec 09, 2013 | $6.250 | CapitalGainLongTerm |
| Dec 09, 2013 | $0.517 | OrdinaryDividend |
| Dec 10, 2012 | $3.450 | CapitalGainLongTerm |
| Dec 10, 2012 | $0.785 | OrdinaryDividend |
| Dec 29, 2011 | $0.015 | OrdinaryDividend |
| Dec 05, 2011 | $0.683 | OrdinaryDividend |
| Dec 31, 2010 | $0.030 | ExtraDividend |
| Dec 06, 2010 | $0.160 | OrdinaryDividend |
| Dec 06, 2010 | $0.200 | CapitalGainShortTerm |
| Sep 30, 2010 | $0.800 | OrdinaryDividend |
FLFAX - Fund Manager Analysis
Managers
William Pruett
Start Date
Tenure
Tenure Rank
Oct 16, 2015
6.63
6.6%
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 |
|---|---|---|---|
| 2.04 | 8.17 | 5.41 | 6.63 |
