Investment objective & strategy
As of Dec. 26, 2023 · prospectusObjective. Fidelity Latin America Fund seeks long-term growth of capital.
Strategy. 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. 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.
Top holdings
As of July 31, 2024 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| GENOMMA LAB-B | — | $26.93M | 13.66% |
| PETROBRAS-PREF | — | $15.43M | 7.83% |
| AFYA LTD | AFYA | $14.70M | 7.46% |
| Fidelity Securities Lending Cash Central Fund | — | $11.11M | 5.64% |
| ITAUSA SA - PREFERRED SHARES | — | $10.49M | 5.32% |
| INTERCORP FINANCIAL SVCS INC | IFS | $9.96M | 5.05% |
| VAMOS LOCACAO DE CAMINHOES MAQUINAS E EQUIPAMENTOS SA | — | $9.81M | 4.98% |
| HYPERA SA | — | $9.01M | 4.57% |
| Auna SA | — | $8.28M | 4.20% |
| Pagseguro Digital Ltd., Class A | PAGS | $8.01M | 4.07% |
Portfolio moves
Apr 30, 2024 → Jul 31, 2024How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Amplify Emerging Markets FinTech ETF | 6% | 0.69% |
| Intrepid Small Cap Fund · ICMAX, ICMZX | 6% | 1.15% |
| Strategic Advisers Small-Mid Cap Fund | 5% | 0.38% |
Footnotes
- Net assets and holdings count as of July 31, 2024, from the fund's N-PORT filing.
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