Fidelity Diversified International Fund (FDIVX)

Another popular fidelity mutual fund is Fidelity Diversified International fund. This mutual fund is categorized as international stock fund. It invests in foreign companies around the world.

Fidelity Diversified International (FDIVX)

The investment aim of Fidelity Diversified International fund is to seek capital growth. This equity fund utilizes its assets to purchase non-U.S. companies’ securities. It diversifies investments across different countries and regions.

Fund Profile
  • Fund Inception Date: December 27, 1991
  • Ticker Symbol: FDIVX
  • CUSIP: 315910802
  • Beta (3yr): 1.00
  • Rank in category (YTD): 29%
  • Category: Foreign Large Blend
  • Yield: 1.70%
  • Capital Gains: 0%
  • Expense Ratio: 0.87%
  • Net Assets: $ 23.78 billion
  • Number of Years Up: 14 years
  • Number of Years Down: 6 years
  • Annual Portfolio Turnover: 45%
This Fidelity Diversified International fund was first introduced to public in December 27, 1991 (21 years ago). It has total net assets of $23.78 billion. Investors of this fund receive 12-month dividend yield of 1.70%. Last year, they received a total dividend of $0.49. The annual holdings turnover as of April 13, 2012 is 45.00%. The annual expense ratio is 0.87%. This foreign large blend fund is currently managed by William Bower.

Fidelity Diversified Intl
Morningstar has ranked this international stock fund with 3 stars. It has YTD return of 12.62%. The fund has recorded 14 years of positive return and 6 years of negative return. The best 1-year total return was achieved in 1999 (50.65%). The worst 1-year total return was recorded in 2008 (-45.61%). The fund has returned 6.80% over the past 10-year. Morningstar analysts also rated this fund with Neutral rating.

There is no management fee and sales load for investing in this foreign large blend fund. The minimum initial investment is $2,500 for brokerage account and $500 for retirement account. There is no minimum subsequent investment needed, you can invest as little as one buck. This FDIVX can be purchased from 74 brokerages, such as JP Morgan, T Rowe Price, Vanguard, Td Ameritrade Inc, E Trade Financial, Schwab Retail, Fidelity Retail Funds Network, etc.

The top 10 holdings represent 17.73% of the total portfolio. They are Royal Dutch Shell PLC, Novo-Nordisk, BHP Billiton Ltd, Vodafone Group PLC, Sanofi Aventis, Anheuser Busch Inbev, Nestle SA, Glaxo Smith Kline PLC, Japan Tobacco Inc, and Orix Corp. The major market sectors are Consumer Discretionary (15.81%), Financials (15.75%), Consumer Staples (11.54%), Information Technology (11.03%) and Health Care (10.04%).

Best International Large Cap Stock Mutual Funds 2012

According to the fund’s prospectus, the risks of investing in this FDIVX fund are: stock market volatility risk, foreign exposure risk, management style risk, etc.

  • No sales load
  • Low expense ratio
  • Average track record
Disclosure: No Position

You may also check this article:


Post a Comment