Fidelity® Nordic (FNORX)

46.34
Net Asset Value
-0.13%
1 Day
+3.48%
Year-to-Date
Overall Morningstar Rating
Miscellaneous region
Style or Category
No Load
Sales Expenses
1.04%
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks long-term growth of capital. The fund normally invests at least 80% of assets in securities of Danish, Finnish, Norwegian, and Swedish issuers and other investments that are tied economically to the Nordic region. It normally invests primarily in common stocks and allocates investments across different Nordic countries. The fund invests up to 35% of total assets in any industry that accounts for more than 20% of the Nordic market. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.

Performance

1 month-2.44% 3 years+21.35%
3 months-3.90% 5 years+15.61%
1 year+25.08% Since inception+11.65%
Data through --

Peer Comparisonvs. Miscellaneous region

 FNORXCategory
Performance 5-yr return+15.61%+10.99%
Expense ratio1.04%1.90%
Risk 5 year sharpe ratio0.830.55
Net assets$616.4M$295.3M
Average market cap$4.6B$25.5B
Average P/E19.014.2
Portfolio turnover61%61%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenurePer Johansson / 3 Years
Minimal initial investment$2,500.00
Minimum IRA investment$500.00

Holdings

International stock89.21%
Cash7.72%
Fixed income3.05%
Other0.01%
U.S. stock0.00%
Top 5 Sectors
Portfolio weighting
Industrial materials 30.18%
Consumer goods 15.71%
Financial service 14.44%
Healthcare 14.10%
Telecommunication 10.89%
Top 10 Holdings
Portfolio weighting
-- NOVO-NORDISK A S5.07%
-- Swedish Match AB4.42%
-- Svenska Handelsbanken Class A4.33%
-- Vestas Wind Systems A/S4.13%
-- Kinnevik Investment AB Class B3.56%
-- Statoil ASA3.39%
-- Kesko Oy3.24%
-- Nokia Oyj3.01%
-- G4S PLC2.93%
-- Chr Hansen Holding AS2.93%

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