Fund Research for Fidelity Latin America (FLATX)

  • Fund Overview

    Fund Inception Date: Apr 19, 1993
    Category: Latin America Stock
    Overall Risk: Average
    Fund Family: Fidelity Investments
    Return Since Inception: 11.66%
    YTD Return: 93.52%
    Yield (TTM): 0.97%
    Net Assets: 4.04 B
    Morningstar Rating:
    3 of 5

    The investment seeks long-term growth of capital. 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 usually invests in common stocks. The fund may invest up to 35% of total assets in any industry that accounts for more than 20% of the Latin American market. It allocates investments across countries considering the size of the market in each country relative to the size of the market in Latin America as a whole. The fund is nondiversified.

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    Size
    Average Market Cap $23,626 M
    Market Capitalization Portfolio
    Giant 51.54%
    Large 25.16%
    Medium 16.57%
    Small 6.31%
    Micro 0.42%
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/25/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 12/31/1998 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 93.52% 114.32% 10.49% 26.00% 16.70% 11.66%
    +/- Category -25.80% -28.35% -0.41% -0.56% -1.10% —
    +/- MSCI EAFE NR USD — — — — 2.04% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 71.22% 67.88% 7.80% 24.29% 16.70% 11.66%
    Quarter (as of 09/30/2009) 69.15% 9.54% 9.74% 24.74% 17.01% 11.64%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/25/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/25/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 04/19/1993
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    Information 18.52%
    Service 19.49%
    Manufacturing 55.32%

    Asset Allocation

    Short Long Net Assets
    Cash — 4.24% 4.24%
    Stocks — 95.76% 95.76%
    Bonds — 0.00% 0.00%
    Other — 0.00% 0.00%
    Foreign Stocks
    (as a % of assets)    		 — 95.76% 95.76%
    Data as of 09/30/2009 Data as of 09/30/2009 View Fund Portfolio

    Top 10 Holdings

    Sector Country Net Assets
    - PETROLEO BRASILEIRO SA PETRO (PBR.A) Energy BRA 7.76%
    + AMERICA MOVIL SAB DE CV (AMX) Telecom MEX 7.75%
    - Vale S.A. (RIODF) Industrial Materials BRA 6.69%
    - PETROLEO BRASILEIRO SA PETRO (PBR) Energy BRA 6.38%
    + ITAU UNIBANCO HLDG SA (ITUB) Financial Services BRA 5.49%
    - Fidelity Cash Central Fund — USA 4.24%
    + Petroleo Brasileiro SA (Preference) (PETR4) Energy BRA 3.09%
    + VIVO PARTICIPACOES S A (VIV) Telecom BRA 3.03%
    - VALE S A (VALE) Industrial Materials BRA 3.00%
    + BEVERLY NATL CORP (BVN) Industrial Materials PER 2.99%
    + Increase - Decrease = No change * New since last portfolio
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    Data as of 09/30/2009
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 10/13/2009
    Expense Ratio (based on net assets) 1.00%
    Taken from annual report dated 10/31/2008

  • Fund Management