Morningstar Fund Report  | 05/04/2025Print

Fidelity Funds - America Fund A-DIST

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Fidelity Funds - America Fund A-DIST
Fund25.46.45.210.1-4.4
+/-Cat-0.82.4-0.4-3.4-1.7
+/-B’mrk-1.42.4-1.9-8.4-2.3
 
Category: US Large-Cap Value Equity
Category Benchmark: Morningstar US LM Brd Value...
Key Stats
NAV
04/04/2025		 USD 15.03
Day Change -3.38%
Morningstar Category™ US Large-Cap Value Equity
ISIN LU0048573561
Fund Size (Mil)
28/02/2025		 USD 3239.90
Share Class Size (Mil)
04/04/2025		 USD 759.15
Max Initial Charge 5.00%
Ongoing Charge
28/03/2025		  1.89%
Morningstar Research
Analyst Report26/06/2024
Michael Born, Analyst
Morningstar, Inc

While Fidelity America's new management team has relevant experience, and its approach is promising, it is as yet unproven on this mandate. The clean W share class continues to earn a Morningstar Analyst Rating of Neutral. The other share classes...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People23
Parent24
Process23
Performance
Price
Investment Objective: Fidelity Funds - America Fund A-DIST
The fund aims to achieve capital growth over time. 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. 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.
Returns
Trailing Returns (GBP)04/04/2025
YTD-11.08
3 Years Annualised0.27
5 Years Annualised12.12
10 Years Annualised6.84
12 Month Yield 0.00
Dividend Paying Frequency Annually
Management
Manager Name
Start Date
Rosanna Burcheri
01/09/2021
Ashish Bhardwaj
01/09/2021
Inception Date
01/10/1990

Category Benchmark
Fund BenchmarkMorningstar Benchmark
S&P 500 NR USDMorningstar US LM Brd Value NR USD
Portfolio Profile for  Fidelity Funds - America Fund A-DIST28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock95.350.0095.35
Bond0.040.000.04
Property0.000.000.00
Cash4.940.344.61
Other0.000.000.00
Top 5 Regions%
United States95.26
Eurozone3.73
Canada1.01
Latin America0.00
United Kingdom0.00
Top 5 Sectors%
Financial Services20.34
Industrials14.09
Healthcare13.36
Communication Services10.74
Technology9.29
Top 5 HoldingsSector%
Wells Fargo & CoFinancial ServicesFinancial Services3.92
Berkshire Hathaway Inc Class BFinancial ServicesFinancial Services3.81
Alphabet Inc Class ACommunication ServicesCommunication Services3.02
Elevance Health IncHealthcareHealthcare2.85
Aon PLC Class AFinancial ServicesFinancial Services2.65
Increase Decrease New since last portfolio
Fidelity Funds - America Fund A-DIST
Growth Of 1000 (GBP) 31/03/2025
Fund:  Fidelity Funds - America Fund A-DIST
Category:  US Large-Cap Value Equity
Category Index:  Morningstar US LM Brd Value NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-1.086.590.7525.376.405.2110.06-4.40
+/- Category2.56-12.470.14-0.762.39-0.39-3.43-1.71
+/- Category Index1.46-15.701.57-1.442.35-1.89-8.45-2.32
% Rank in Category2799415828558582
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-3.38   -0.242.28
1 Week-6.75   -2.66-1.16
1 Month-9.44   -1.31-0.03
3 Months-12.41   -6.26-3.58
6 Months-7.01   -3.80-3.41
YTD-11.08   -5.88-3.44
1 Year-9.50   -7.91-9.66
3 Years Annualised0.27   -4.03-5.74
5 Years Annualised12.12   -2.26-3.01
10 Years Annualised6.84   -2.25-3.78
 
Category: US Large-Cap Value Equity
Category Index: Morningstar US LM Brd Value NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-4.40---
20249.05-1.96-3.646.84
2023-4.001.185.212.96
20229.82-4.952.64-0.69
202110.473.981.547.48
2020-18.3212.91-1.2910.67
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageBelow Average2 star
5-YearAverageBelow Average3 star
10-YearBelow AverageBelow Average2 star
OverallBelow AverageBelow Average2 star
 
Category :  US Large-Cap Value EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev13.08 %
3-Yr Mean Return3.21 %
 
3-Yr Sharpe Ratio-0.06
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar US LM Brd Value NR USD  Morningstar US Mid NR USD
3-Yr Beta0.890.72
3-Yr Alpha-5.38-2.90
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 65768-
Market Capitalisation% of Equity
Giant7.16
Large43.25
Medium41.49
Small8.09
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings17.821.12
Price/Book2.511.01
Price/Sales1.200.85
Price/Cash Flow12.261.12
Dividend-Yield Factor1.840.87
 
Long-Term Projected Earnings Growth9.280.90
Historical Earnings Growth1.740.61
Sales Growth5.630.80
Cash-Flow Growth1.39-1.10
Book-Value Growth8.611.23
 
Category: US Large-Cap Value Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock95.350.0095.35
Bond0.040.000.04
Property0.000.000.00
Cash4.940.344.61
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States95.261.00
Canada1.011.48
Latin America0.000.00
United Kingdom0.000.00
Eurozone3.732.55
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.00-
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: US Large-Cap Value Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials4.891.41
Consumer CyclicalConsumer Cyclical3.470.45
Financial ServicesFinancial Services20.340.91
Real EstateReal Estate2.871.54
Consumer DefensiveConsumer Defensive8.571.38
HealthcareHealthcare13.360.81
UtilitiesUtilities6.342.13
Communication ServicesCommunication Services10.741.64
EnergyEnergy6.031.05
IndustrialsIndustrials14.091.24
TechnologyTechnology9.290.61
 
Category: US Large-Cap Value Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings61
Total Number of Bond Holdings1
Assets in Top 10 Holdings28.66
NameSectorCountry% of Assets
Wells Fargo & Co103United States3.92
Berkshire Hathaway Inc Class B103United States3.81
Alphabet Inc Class A308United States3.02
Elevance Health Inc206United States2.85
Aon PLC Class A103United States2.65
PNC Financial Services Group Inc103United States2.61
The Walt Disney Co308United States2.53
McKesson Corp206United States2.50
Labcorp Holdings Inc206United States2.39
The Goldman Sachs Group Inc103United States2.38
 
Increase Decrease New since last portfolio
Category: US Large-Cap Value Equity
 
Management
Name of CompanyFidelity (FIL Inv Mgmt (Lux) S.A.)
Phone+ 352 250 404 2400
Websitewww.fidelity-international.com
Address2a, rue Albert Borschette
 Luxembourg   L-1246
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date01/10/1990
Fund Advisor(s)
FIL Fund Management Limited
Fund ManagerRosanna Burcheri
Manager Start Date01/09/2021
Education
Bocconi University, B.A.
 
Biography
Rosanna Burcheri is a seasoned investor. Rosanna graduated in economics from Bocconi University in 1996. She started her career as junior fund manager at Paribas Asset Management, before joining M&G as a fund manager. In 2004, Rosanna was appointed Senior European Portfolio Manager at Shell Pension Management Service. She later became partner and pan-European fund manager for FrontPoint Management, before joining Artemis in 2011. Rosanna moved to Fidelity to manage US value funds in 2021.
Fund ManagerAshish Bhardwaj
Manager Start Date01/09/2021
 
Biography
Ashish is a long-standing member of the investment team. He started his career with us in 2009 as an analyst in our Asian equity research team, based in Mumbai, before relocating to London in 2012 to join our US equity research team. He initially covered Indian autos, construction, materials and infrastructure stocks, before moving to London to cover US aerospace & defence, transportation, logistics and industrial services. Throughout his six years as an analyst, Ashish has made some great stock recommendations and proved himself as a talented investor.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.89%
Purchase Details
Minimum Investments
Initial1000  USD
Additional500  USD
Savings-
Tax Free Savings Schemes
ISAsYes