Fidelity Fund Analysis

Fidelity Funds - Latin America Fund A-USD

Portfolio Manager

Zoltan Palfi, Chris Tennant

The Fidelity Funds - Latin America Fund page has been refreshed from Fidelity Funds’ April 2026 Hong Kong Extract Prospectus. The PDF fund description is for Latin America Fund.

Investment Objective

The fund aims to achieve capital growth over time.

Investment Policy

The fund invests at least 70% (and normally 75%) of its assets, in equities of companies that are listed, headquartered, or do most of their business in Latin America. Some of these investments may be from emerging markets. The fund may also invest in money market instruments on an ancillary basis.

Investment Process

In actively managing the fund, the Investment Manager considers growth and valuation metrics, company financials, return on capital, cash flows and other measures, as well as company management, industry economic conditions, and other factors. The Investment Manager takes into account Sustainability Risks in its investment process.

SFDR Product Category

Article 8 (promotes environmental and/or social characteristics) – ESG Target.

Derivatives and Techniques

The fund may use derivatives for hedging and for efficient portfolio management. In addition to core derivatives (see “How the Funds Use Instruments and Techniques”), the fund intends to use TRS. TRS (including CFD) usage Expected 0%; maximum 10%. Securities lending Expected 15%; maximum 30%. Repos/reverse repos Expected 0%; maximum 30%.

Benchmark

MSCI EM Latin America Index.

Base Currency

USD.

Main Risks

  • Concentration
  • Counterparty and collateral
  • Currency
  • Derivatives
  • Emerging markets
  • Equities
  • Hedging
  • Investment fund
  • Liquidity
  • Market
  • Operational

Risk Management Method

Commitment.

Fidelity Hong Kong Website Data

Note: Visit the fund’s factsheet at https://www.fidelity.com.hk/en/funds/factsheet/LAD/G for the latest Morningstar rating, risk rating, NAV, fund size, and performance data.

Available Metrics (to be populated from Fidelity HK factsheet):

  • Morningstar Rating: ★★★★☆ (to be verified)
  • Risk Rating: /5 (Medium to High) (to be verified)
  • Fund Size: (to be verified)
  • NAV: (to be verified)
  • Annual Management Fee: (to be verified)
  • Max Sales Charge: (to be verified)
  • Launch Date: (to be verified)
  • 3-Year Standard Deviation: (to be verified)
  • ISIN: (from prospectus)
  • Bloomberg Ticker: (to be verified)

Performance Data (from Fidelity HK factsheet):

  • Annual performance table
  • Cumulative performance (YTD, 6m, 1yr, 3yr, 5yr)
  • Top 10 holdings
  • ESG metrics and MSCI ratings
  • Volatility measures (standard deviation, beta, alpha, risk rating)

Charges and Expenses (from Fidelity HK factsheet):

  • Max. Sales Charge
  • Annual Management Fee
  • Other fees (refer to prospectus)

Source

  • Fidelity Funds, April 2026 Hong Kong Extract Prospectus: data/fidelity/pr.ff.HK-en.HK.pdf
Fidelity Latin America Equity USD