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Fidelity Nordic (FNORX) Fund Ranking and Research

Ranking, Research and Recommendation of Fidelity Nordic (FNORX) Fund

    Last Trade: $52.66 on 7/25/2017, Change: -0.06 (-0.11%)

 

Graph of Fidelity Nordic Fund (FNORX) ManagerFund Manager - Stefan Lindblad

Fund Manager Information

Fund Manager Tenure: 2.8 years
Fund Family: Fidelity Investments
Fund Category: Miscellaneous Region
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A (Score: 0.76)     (What does this score mean?)

 

Graph of Fidelity Nordic Fund (FNORX) ProfileFidelity Nordic Fund (FNORX) Profile

Fund Profile and Description

Fidelity Nordic Fund seeks long-term growth of capital. Fidelity Nordic Fund normally invests at least 80% of assets in securities of Danish, Finnish, Norwegian, and Swedish issuers. It may invest the balance, however, in securities of other European issuers. The Nordic region is differentiated from the rest of Europe by its high exposure to cyclical industries such as oil, shipping, and pulp and paper; a small number of companies may represent a large percentage of this market. Fidelity Nordic Fund may invest up to 35% of total assets in any industry that accounts for more than 20% of the Nordic market.

 

Fidelity Nordic (FNORX) Fund Strength What we like about Fidelity Nordic (FNORX) Fund

Data for Fidelity Nordic Fund (FNORX) as of May 30, 2016

  • Fidelity Nordic Fund (FNORX) has good short-term performance (1-year return 6.84% vs -8.07% Miscellaneous Region category median performance)
  • Fidelity Nordic Fund (FNORX) has good mid-term performance (3-year return 12.52% vs -0.07% Miscellaneous Region category median performance)
  • Fidelity Nordic Fund (FNORX) has good Long-term performance (5-year return 7.96% vs -2.21% Miscellaneous Region category median performance)
  • Fidelity Nordic Fund (FNORX) ratio of up-years vs down years is greater than 2
  • Asset base in Fidelity Nordic Fund (FNORX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Fidelity Nordic Fund (FNORX) has a lower expense ratio than its Miscellaneous Region average: 0.99% vs 1.90%
  • Fidelity Nordic Fund (FNORX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Fidelity Nordic Fund (FNORX) Weakness What we are cautious about Fidelity Nordic (FNORX) Fund

Data for Fidelity Nordic Fund (FNORX) as of May 30, 2016

  • Fidelity Nordic Fund (FNORX) management has been with Fidelity Nordic Fund for only 2.8 years, it is hard to judge manager's ability based on this fund's operation record
  • Fidelity Nordic Fund (FNORX) has a Morningstar rating of 3 and below
  • Fidelity Nordic Fund (FNORX) has an annual stock turnover rate of 80.00% that is higher than the Miscellaneous Region average of 36.00%. This could mean Fidelity Nordic is more nimble, but also signal potential high tax impact and high trading fees
See Fidelity Nordic Fund (FNORX) performance details as of May 30, 2016

 

What do you think?

 

Compare Fidelity Nordic Fund (FNORX)Compare with other top Miscellaneous Region category mutual funds

Aadditional top Miscellaneous Region mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Fidelity Nordic3.866.8412.527.96
DFA United Kingdom Small Company I (DFUKX)-2.25-7.307.878.97Compare
Matthews Korea Investor (MAKOX)-2.28-4.817.985.74Compare

See top fund managers for Miscellaneous Region Category Funds

 

Compare Fidelity Nordic Fund (FNORX)Compare with Miscellaneous Region category ETFs

Some Miscellaneous Region ETFs for your consideration

ETFYear to DateOne YearThree Year
iShares MSCI New Zealand Capped (ENZL)11.98%15.11%10.90%
First Trust ISE Chindia ETF (FNI)000
iShares MSCI Mexico Capped (EWW)000
iShares MSCI Sweden (EWD)000
Market Vectors Russia ETF (RSX)000

 

Graph of Fidelity Nordic Fund (FNORX) Net Asset TrackingFidelity Nordic (FNORX) Fund Net Asset

Track net asset change of Fidelity Nordic fund (FNORX)

DateNet Asset
05/2016$485.58M
03/2016$462.84M
02/2016$434.06M
More historic net asset information on Fidelity Nordic Fund (FNORX)

  

Graph of Fidelity Nordic Fund (FNORX) Portfolio TrackingFidelity Nordic (FNORX) Fund Portfolio Allocation

Track portfolio allocation change of Fidelity Nordic fund (FNORX)

DateCashStockBondOther
04/20164.1%92.93%0.08%2.89%
02/20165.18%92.23%0.08%2.51%
01/20161.17%96.07%0.08%2.68%
Click here to see more historic asset allocation information on Fidelity Nordic Fund (FNORX)

 

graph of Fidelity Nordic Fund (FNORX) Top 10 Position TrackingTop 10 Holdings in Fidelity Nordic (FNORX) Fund

Discover what Fidelity Nordic Fund (FNORX) manager is buying

Apr 29, 2016
HENNES & MAURITZ B F [6.28%]
NOVO-NORDISK A S [5.96%]
CARLSBURG AS B SHS [5.17%]
Svenska Cellulosa Aktiebolaget Sca [5.12%]
Kambi Group PLC B [4.93%]
Eltel AB [4.04%]
Unibet Group PLC [3.45%]
GETINGE INDUSTRIER S [3.38%]
BRAVADA INTL LTD [3.18%]
SVENSKA HANDELSBANKE [3.12%]

Feb 28, 2016
NOVO-NORDISK A S [5.71%]
Kambi Group PLC B [5.67%]
Svenska Cellulosa Aktiebolaget Sca [5.06%]
HENNES & MAURITZ B F [5%]
CARLSBURG AS B SHS [4.77%]
Unibet Group PLC [3.94%]
GETINGE INDUSTRIER S [3.5%]
SANDVIK AB ORD [3.42%]
ERICSSON LM TEL CL B [3.34%]
Eltel AB [3.32%]

Jan 30, 2016
NOVO-NORDISK A S [6.71%]
Svenska Cellulosa Aktiebolaget Sca [5.62%]
HENNES & MAURITZ B F [5.47%]
Kambi Group PLC B [5.16%]
CARLSBURG AS B SHS [5.04%]
Unibet Group PLC [4.24%]
GETINGE INDUSTRIER S [3.75%]
ERICSSON LM TEL CL B [3.5%]
SANDVIK AB ORD [3.39%]
Eltel AB [3.28%]
Click here for Stock Holding Change Map in Fidelity Nordic Fund (FNORX)

  

Latest News on Fidelity Nordic (FNORX) Fund

See what is happening with Fidelity Nordic Fund (FNORX)

 

Fidelity Nordic Fund (FNORX) Related ResourcesSee more information on Fidelity Nordic (FNORX) Fund

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