Fidelity Series International Value Fund (Ticker: FINVX)

Fidelity Series International Value Fund (Ticker: FINVX) is an international stock mutual fund. It focuses its assets in non-U.S. companies including emerging markets. It provides diversification opportunity.

Fidelity Series International Value Fund (Ticker: FINVX)

The Fidelity Series International Value Fund investment aim is to seek capital appreciation. The mutual fund invests mainly in non-U.S. securities especially in common stocks, including securities of issuers located in emerging markets. The fund invests in securities of companies that are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry. It allocates investments across different countries and regions and uses fundamental analysis of factors.

Fund Details
    Fidelity Series International Value Fund
  • Fund Inception Date: December 2, 2009
  • Ticker Symbol: FINVX
  • CUSIP: 31618H770
  • Beta (3yr): N/A
  • Rank in category (YTD): 18%
  • Category: Foreign Large Value
  • Distribution rate: 2.48%
  • Capital Gains: 0%
  • Expense Ratio: 0.93%
  • Net Assets: $ 9.09 billion
  • Number of Years Up: 1 year
  • Number of Years Down: 1 year
  • Annual Turnover Rate: 78%
Updated on 1/2/2013

As one of the Fidelity Funds, this equity fund has total net assets of $9.09 billion. Alexander Zavratsky is the fund manager. This Foreign Large Value fund has expense ratio of 0.93%. Its annual holdings turnover is 78.00% as of October 11, 2012. This turnover ratio is higher than the category average which is only 32.58%. This is a no-load fund, so there is no management fee and no front-end sales load fee.

Best World Stock Mutual Funds

This international stock fund hasn’t been ranked just yet. Last year (2011), it has total return of -16.48% (lowest). The highest return was achieved in 2010 with 4.12%. For 2012, its YTD return is 12.00%. Based on the load adjusted returns, this fund has returned 16.52% over the past 1-year.

This FINVX fund can only be purchased from a limited of 4 brokerages. They are Trade Station Securities, Fidelity Institutional Funds Network-NTF, Fidelity Institutional Funds Network and Daily Access Corporation RTC. There is no 12b1 fee and no front-end sales load fee.

The top 10 stock holdings as of September 28, 2012 are Royal Dutch Shell SPN ADR Class A, Sanofi, Vodafone Group PLC SPON ADR, Roche Holdings Genussscheine, HSBC Holdings PLC SPON ADR, Commonwealth Bank of Australia, ENI SPA, Australia & New Zealand Nanking Group, BP PLC SPON ADR and Bayer AG. These top ten holdings represent 27.14% of the total portfolio out of total 106 holdings.

According to the fund prospectus, the principal investing risks are stock market volatility, foreign exposure, issuer-specific changes, Value investing risk, etc.

Disclosure: No Position


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