Fidelity� Latin America

 (MUTF:FLATX)   Watch this mutual fund  
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Trailing returns

1 day   +0.83%
1 week   +2.46%
4 week   +0.59%
3 month   +4.22%
YTD   +9.09%
1 year   +12.04%
3 years*
5 years*   +2.69%
Best 3 month return+52.00%  
Worst 3 month return-52.52%  

Morningstar statistics

Morningstar category: Latin America Stock
  Return Risk Rating
3 years Below Average Below Average
5 years Low Low
10 years     -     - -
Overall Low Low
Morningstar style  Learn more
Value Blend Growth  

Key statistics

Total assets1.16B 
Front load-  
Deferred load-  
Expense ratio1.04%  
Management fee-  
Fund familyFidelity Investments 

Asset allocation


Purchase information

IRA Initial$500  
AIP Initial$2,500  
Aug 20, 4:00PM EDT Overall Morningstar RatingTM


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 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.
Fund filings (PDF) »
Asset manager:
Adam Kutas (Started: Feb 12, 2009)
Advisor Company:
Fidelity Management & Research Company
Fund family reports on Morningstar »
Fidelity Investments, 483 Bay Street, Boston, MA 02109, USA
1-800-387-8092 (Fax)


  1 year 3 years 5 years 10 years  
Alpha* -12.21 -13.32 -6.13 4.65
Beta* 1.27 1.12 1.10 1.26
Mean annual return 0.57 -0.45 0.39 1.35
R-squared* 54.62 74.00 71.66 76.88
Standard deviation 18.03 21.54 21.28 27.07
Sharpe ratio 0.37 -0.25 0.21 0.54
* Against standard index

Top 10 holdings

Security Net Assets  
Itau Unibanco Holding S.A. (ITUB3) 5.40%  
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America Movil SAB de CV ADR (AMX) 4.28%  
Grupo de Inversiones Suramericana SA (GRUPOSURA) 2.95%  
Fomento Economico Mexicano SAB de CV ADR (FMX) 2.93%  
Grupo Financiero Inbursa SAB de CV Class O (GPFOF) 2.73%  
Inversiones Argos SA (GRUPOARGOS) 2.66%  
Buenaventura Mining Co Inc ADR (BVN) 2.46%  
Souza Cruz SA (CRUZ3) 2.37%