The Fidelity Diversified International Fund
According to the fund, the Fidelity Diversified International Fund (FDIVX) intends to attain capital appreciation by “normally investing primarily in non-U.S. securities.” The fund was launched in December 1991. As of the end of October 2015, it had $23.37 billion in assets under management. As of the end of September 2015, it had 227 holdings in its portfolio.
Sectoral and geographic breakdown
If you’re invested in FDIVX, 22.4% of your money is invested in financials, according to the latest available sectoral breakdown as of September 2015. Stocks from the healthcare sector form 16.9% of the fund’s assets, followed by the consumer discretionary sector, which forms 16.2% of the portfolio. Consumer staples and information technology, in that order, complete the top five sectors invested in by the fund.
As of September 2015, the fund’s geographic exposure shows that 21.5% of its funds are invested into stocks from the United Kingdom. Japan is the only other country in the fund whose stocks are in double digits, at 14.3%. All other countries form less than 10% each of the fund’s portfolio. Stocks of companies from Germany form 7.5% of the fund’s net assets, followed by the US, which makes up 6.9% of the portfolio. Switzerland rounds off the top five, comprising 4.6% of the portfolio.
Danish pharma company Novo Nordisk A/S (NVO) is the fund’s single largest holding, forming 2.1% of the fund’s September 2015 assets. Japan’s financial group ORIX Corporation (IX) is the highest holding from the country while Anheuser-Busch InBev SA/NV (BUD) is the largest holding from Belgium. Lloyds Banking Group plc (LYG) is the largest holding among stocks from the UK while Switzerland’s largest representation is from Syngenta AG (SYT).
Fees and minimums
If you are interested in investing in the Fidelity Diversified International Fund (FDIVX), you’d require a minimum initial investment of $2,500. There is no minimum for additional investments. The fund house charges a short-term trading fee of 1.0% if investments are redeemed within 30 days. The expense ratio of the fund is 0.91%.
Let’s look at the Oppenheimer International Growth Fund – Class A (OIGAX) in the next article.