Mutual Fund Insights: Fidelity Advisor Latin America C Fund (FLACX)

In-depth Analysis of Fidelity Advisor Latin America C Fund (FLACX)

3 months 6 months 1 year 3 year 5 year

See Fidelity Advisor Latin America C Fund (FLACX) performance details as of January 31, 2010

  

Last Trade: $46.09 on 3/18/2010, Change: -0.45 (-0.97%)

  

Fund Manager - Adam Kutas

Fund Manager Tenure: 1.1 years   [Similar Funds: FLATX ]
Fundmojo Fund Grade: N/A (Score: *manager is new*)     (What does this score mean?)

Adam Kutas joined the Latin America Research Team in February 2004, and has been following the Latin American banking, energy, mining, paper and steel, and transportation industries. From 1999 to 2003, Kutas followed Canadian equity securities across a variety of sectors. He joined Fidelity Investments Canada, Ltd. (FICL), in 1996 as a mutual fund analyst, and managed FICL's fund analysis and research group from 1997 to 1999.  Get more insights on Adam Kutas

  

 What we like about Fidelity Advisor Latin America C Fund (FLACX)

Data for Fidelity Advisor Latin America C Fund (FLACX) as of January 31, 2010

• Fidelity Advisor Latin America C Fund (FLACX) is a new fund and has been performing well against its peers for both one-month and three_month performance
• Fidelity Advisor Latin America C Fund (FLACX) ratio of up-years vs down years is greater than 2
• Fidelity Advisor Latin America C Fund (FLACX) has an annual stock turnover rate of 57.00% vs Latin America Stock average of 108.14%. It is good that Fidelity Advisor Latin America C management does not trade extensively for its return.
• Fidelity Advisor Latin America C Fund (FLACX) is less volatile than its peers as it has a 3-year Standard Deviation of 36.62, lower than category average of 39.51

  

 What we are cautious about Fidelity Advisor Latin America C Fund (FLACX)

Data for Fidelity Advisor Latin America C Fund (FLACX) as of January 31, 2010

• Fidelity Advisor Latin America C Fund (FLACX) management has been with Fidelity Advisor Latin America C Fund for only 1.1 years, it is hard to judge manager's ability based on this fund's operation record
• Fidelity Advisor Latin America C Fund is a focused fund with 46.27% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Fidelity Advisor Latin America C Fund (FLACX) has a less-than-ideal short-term performance (1-year return 75.04% vs 94.50% Latin America Stock category average)
• Fidelity Advisor Latin America C Fund (FLACX) has a less-than-ideal mid-term performance (3-year return 2.58% vs 3.39% Latin America Stock category average)
• Fidelity Advisor Latin America C Fund (FLACX) has a less-than-ideal Long-term performance (5-year return 19.26% vs 21.05% Latin America Stock category average)
• Fidelity Advisor Latin America C Fund (FLACX) has a Morningstar rating of 3 and below
• Fidelity Advisor Latin America C Fund (FLACX) does not have a good risk adjusted return as its 3-year Alpha of 17.09 is worse than category average of 20.26, and its 3-year Sharpe ratio is 0.21
• Fidelity Advisor Latin America C Fund (FLACX) has a higher management fee of 2.23% than its Latin America Stock average of 1.86%
• Fidelity Advisor Latin America C Fund (FLACX) carries a 1% load

See Fidelity Advisor Latin America C Fund (FLACX) performance details as of January 31, 2010

  

  

Interested in other top mutual funds in similar Latin America Stock category?

Below are some additional Latin America Stock mutual funds generated out of our database

• BlackRock Latin America A (MDLTX)    [ Compare with Fidelity Advisor Latin America C Fund (FLACX) ]
• See top fund managers for Latin America Stock Category Funds
• Browse other funds in Latin America Stock Category

  

Fidelity Advisor Latin America C Fund (FLACX) Net Asset

Track net asset change of Fidelity Advisor Latin America C fund (FLACX)

Date	Net Asset
01/2010	$45.38M
11/2009	$48.65M
10/2009	$43.30M

More historic net asset information on Fidelity Advisor Latin America C Fund (FLACX)

  

Fidelity Advisor Latin America C Fund (FLACX) Portfolio Allocation

Track portfolio allocation change of Fidelity Advisor Latin America C fund (FLACX)

Date	Cash	Stock	Bond	Other
10/2009	2.88%	97.12%	0%	0%
09/2009	4.15%	95.85%	0%	0%
07/2009	6.79%	93.21%	0%	0%

Click here to see more historic asset allocation information on Fidelity Advisor Latin America C Fund (FLACX)

  

Most Recent Top 10 Holdings in Fidelity Advisor Latin America C Fund (FLACX)

Discover what Fidelity Advisor Latin America C Fund (FLACX) manager is buying

31-Oct-09 AMERICA MOVIL, S.A.B [8.28%] Petroleo Brasileiro S.A. [7.96%] Vale S.A. [7.36%] PETROLEO BRASILEIRO [6.45%] ITAU UNIBANCO ADS [4.99%] Petroleo Brasileiro Sa Petrobras Petr [3.22%] VALE S.A. ADS [3.11%] COMPANIA MIN BUEN [3.1%] COMP DE BEBA AM ADS [3.03%] VIVO PARTICIPAC NEW [2.7%]

30-Sep-09 AMERICA MOVIL, S.A.B [7.77%] Petroleo Brasileiro S.A. [7.76%] Vale S.A. [6.67%] PETROLEO BRASILEIRO [6.38%] ITAU UNIBANCO ADS [5.51%] Petroleo Brasileiro SA (Preference) [3.08%] VIVO PARTICIPAC NEW [3.04%] COMPANIA MIN BUEN [3%] VALE S.A. ADS [2.99%] COMP DE BEBA AM ADS [2.68%]

31-Jul-09 AMERICA MOVIL, S.A.B [8.2%] Petroleo Brasileiro S.A. [7.62%] Fidelity Cash Central Fund [6.79%] Vale S.A. [6.73%] PETROLEO BRASILEIRO [6.64%] ITAU UNIBANCO ADS [4.78%] VALE S.A. ADS [3.35%] Petroleo Brasileiro SA (Preference) [2.97%] VIVO PARTICIPAC NEW [2.84%] COMP DE BEBA AM ADS [2.37%]

Click here for Stock Holding Change Map in Fidelity Advisor Latin America C Fund (FLACX)

  

Related books and products to Fidelity Advisor Latin America C Fund (FLACX)

  

Latest News on Fidelity Advisor Latin America C (FLACX)

See what is happening with Fidelity Advisor Latin America C Fund (FLACX)

Yahoo! Finance: RSS feed not found See more news on Fidelity Advisor Latin America C Fund (FLACX)

 

Books and Resources

 

 

See more information on Fidelity Advisor Latin America C Fund (FLACX)

• Fidelity Advisor Latin America C Fund Insights
• Fidelity Advisor Latin America C Fund Performance Data
• Fidelity Advisor Latin America C Fund News
• Fidelity Advisor Latin America C Fund Score Explaination
• Fidelity Advisor Latin America C Fund Manager Information
• Historic Fidelity Advisor Latin America C Fund Asset Allocation Report
• Historic Fidelity Advisor Latin America C Fund Top 10 Holding Tracking
• Historic Fidelity Advisor Latin America C Fund Asset Under Management Tracking