Fund Facts  

Inception Date: May 27, 2003
CUSIP: 315910729
Ticker Symbol: FIASX
Morningstar Category:Foreign Small/Mid Blend
As of Dec 31, 2016
Fund Net Assets ($millions) $1,046

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks capital appreciation.

Principal Investment Strategies  

The fund invests primarily in non-U.S. securities, including securities of issuers located in emerging markets. It invests at least 80% of assets in securities of companies with small market capitalizations (which, for purposes of this fund, are those companies with market capitalizations of $5 billion or less). The fund invests primarily in common stocks. It allocates investments across different countries and regions. The fund 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.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Dec 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Fidelity Adv Intl Small Cap Aa-3.98%7.87%7.87%2.57%11.50%4.74%11.88%
MSCI ACWI ex USA Small Cap Index (Net)a,b-3.52%3.91%3.91%0.76%7.74%2.90%N/A
Morningstar Foreign Small/Mid Blenda,c-2.96%1.79%1.79%0.04%8.51%2.69%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total Expensesa1.61%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2016 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The MSCI ACWI ex USA Small Cap Index (Net) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of small cap segments of developed and emerging markets, excluding the U.S. The net version of this index reinvests dividends after the deduction of withholding taxes, using a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties.

c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal–weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Dec 9, 2016Dec 9, 2016$0.565000000
Dec 4, 2015Dec 4, 2015$0.871000000
Dec 5, 2014Dec 5, 2014$3.611000000
Dec 6, 2013Dec 6, 2013$0.648000000
 

Morningstar Information

Morningstar RatingTM   As of Dec 31, 2016
Period Stars Category Size
Overall 5 Stars78
3-Year 4 Stars78
5-Year 5 Stars66
10-Year 5 Stars28

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating⁄40% three–year rating for 60–119 months of total returns, and 50% 10–year rating⁄30% five–year rating⁄20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Dec 31, 2016
Equity Stylebox
Medium Blend
Allocation of Assets As of Oct 31, 2016
Type of Asset Percent
Equity93%
Fixed Income0%
Cash/Other7%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Oct 31, 2016
Asset ClassPercent
Domestic Stock3.0%
Foreign Stock90.1%
Domestic Bond0.4%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash5.2%
Other1.3%

Due to rounding, percentages shown may not add up to 100%.

 
Equity Sector As of Oct 31, 2016
SectorPercent
Industrials20.2%
Consumer Cyclical15.6%
Financial Services13.3%
Technology9.6%
Healthcare8.7%
Basic Materials8.6%
Consumer Defensive7.9%
Real Estate4.7%
Energy3.5%
Communication Services0.6%
Utilities0.3%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Country Exposure As of Oct 31, 2016
CountryPercent
Japan22.2%
United Kingdom14.7%
Canada4.4%
Australia4.3%
China3.7%
France3.3%
United States3.0%
Hong Kong2.9%
Finland2.8%
Austria2.7%
Top Ten Holdings As of Oct 31, 2016
Holding NamePercent
Micro Focus International PLC1.2%
JSR Corp1.0%
Allied World Assurance Co Holdings AG1.0%
Vontobel Holding AG0.9%
S Foods Inc0.9%
Toshiba Plant Systems & Services Corp0.9%
Frutarom Industries Ltd0.9%
Open Text Corp0.9%
Ebos Group Ltd0.8%
GUD Holdings Ltd0.8%
 

Statistics

Portfolio Statistics As of Dec 31, 2016
Statistic3-Year5-Year
Beta0.830.90
Alpha1.844.20
Standard Deviation10.7712.61
 
 

Trading Restrictions

Redemption Fee  
Holding PeriodFee
90 days2.0%
 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2017 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.