Fact sheet: Fidelity Latin America

Fund information
Fund name
Fidelity Latin America W GBP
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Angel Ortizsince 30/09/2014
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in the shares of Latin American companies. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • MSCI EM Latin America (Net)
Investment style
None
Investment method
Shares
Quick stats
1 Year return
51.2%
1 Year rank in sector
-
Sector
FO Equity - Latin America
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.21%
Fund size
£772m (£548m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
154
Top in this sector
Fund name1 Year
BNY Mellon Brazil Equity82.5%
Bradesco Brz EqMd Sm Cps59.5%
UBS (L)EqSIC-Brazil$58.3%
HSBC GIF Brazil Equity55.2%
JPM Brazil Equity54.5%
...more in FO Equity - Latin America

Performance snapshot

Holdings snapshot

  • Brazil53.6%
    Mexico29.6%
    Peru4.3%
    Money Market3.8%
    Chile3.6%
  • Financials32.9%
    Consumer Staples26.4%
    Consumer Discretionary11.6%
    Materials8.2%
    Industrials6.1%
  • Brazilian Equities53.6%
    Mexican Equities29.6%
    Peruvian Equity4.3%
    American Emerging Equities4.2%
    Money Market3.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%23%24.5%51.2%-4.9%2.4%
Sector-1%10.6%15.6%28.9%-26.2%-20.3%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund47.2%-24.7%-5.9%-13.8%6%
Sector31.2%-31.7%-12.5%-14%7.7%
Rank within sector-----
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
5.62
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.81
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0.01
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
22.02
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
10.93
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.63
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.78
Price movement
52 week high1.22
52 week low0.72
Current bid price-
Current offer price-
Current mid price1.15
Region
1Brazil53.6%
2Mexico29.6%
3Peru4.3%
4Money Market3.8%
5Chile3.6%
6Argentina1.9%
7Colombia1.8%
8USA0.6%
9Panama0.5%
Industry sector
1Financials32.9%
2Consumer Staples26.4%
3Consumer Discretionary11.6%
4Materials8.2%
5Industrials6.1%
6Money Market3.8%
7Telecommunications Utilities2.6%
8Information Technology2.4%
9Energy2.1%
Asset type
1Brazilian Equities53.6%
2Mexican Equities29.6%
3Peruvian Equity4.3%
4American Emerging Equities4.2%
5Money Market3.8%
6Chilean Equities3.6%
7US Equities0.6%
8Spanish Equities0.2%
9Swedish Equities0.1%
Individual holdings
1ITAU UNIBANCO HLDG SA9.93%
2FOMENTO ECONOMICO MEXCANO SAB DE CV8.16%
3AMBEV SA8.04%
4BM&F BOVESPA SA BOLSA DE VALORES ME4.47%
5LOJAS RENNER SA4.46%
6CREDICORP4.44%
7FIDELITY INSTITUTIONAL LIQUIDITY USD A ACC3.92%
8GRUPO FINANCIERO BANORTE SAB DE CV3.64%
9ITAUSA INVESTIMENTOS ITAU SA3.56%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in the shares of Latin American companies. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • MSCI EM Latin America (Net)
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Angel Ortiz30/09/2014Angel Ortiz who is currently the Portfolio Manaager of the Latin America Fund had earlier been a Gas engineer in Petroleas de Venezuela during 1998-99, an Oilfield engineer in Schlumberger, Venezuela from 2000-03. He then assumed the role of Pan-European Research Analyst, covering house builders, chemicals and autos during the years 2005-07. He holds a BSc in Chemical Engineering from Universidad Metropolitana in Caracas, Venezuala and an MBA from Kelley School of Business in Indiana University.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, Switzerland, Chile, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Gulf Cooperation Council, Guernsey, Hong Kong, Hungary, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Peru, Poland, Portugal, Qatar, Singapore, Slovakia, Sweden, Taiwan - Province Of China, United Arab Emirates, South Africa
Fidelity Latin America A Acc EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.135
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFT9M
Fidelity Latin America A Acc USD
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.305
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFU0G
Fidelity Latin America A GBP
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.96%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price1.887
CurrencyGBP
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeD981
Fidelity Latin America A USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price29.97
CurrencyUSD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFJ88
Fidelity Latin America D Acc EUR
Initial charge4%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.28
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8IY
Fidelity Latin America W GBP
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.154
CurrencyGBP
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK5LT
Fidelity Latin America Y Acc USD
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price8.441
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFN6
Fidelity Latin America Y Dis USD
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price7.648
CurrencyUSD
Price updated23/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeBMOF
Data provided by

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