Fund Facts  

Inception Date: May 27, 2003
Ticker Symbol: FIASX
Morningstar Category:Foreign Small/Mid Growth
As of Mar 31, 2014
Fund Net Assets ($millions) $1,216

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 Risk Glossary for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Mar 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Fidelity Adv Intl Small Cap Aa2.07%2.07%2.73%7.74%6.05%4.22%12.13%
MSCI ACWI ex USA Small Cap Index (Net)a,b0.68%0.68%-0.60%3.67%2.39%3.88%N/A
Morningstar Foreign Small/Mid Growtha,c-1.51%-1.51%0.12%5.72%5.47%4.37%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 expensesa1.59%

 

a. Returns and/or expenses provided by Morningstar, Inc. Copyright © 2016. 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. ICMA-RC does not independently verify Morningstar data.

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 4, 2015Dec 4, 2015$0.871000000
Dec 5, 2014Dec 5, 2014$3.611000000
Dec 6, 2013Dec 6, 2013$0.648000000
 

Morningstar Information

Morningstar Rating   As of Mar 31, 2014
Period Stars Category Size
Overall 2 Stars132
3-Year 2 Stars132
5-Year 2 Stars110
10-Year 2 Stars71

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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 fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Morningstar Stylebox As of Mar 31, 2014
Equity Stylebox
Medium Growth
Allocation of Assets As of Oct 31, 2013
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, 2013
Asset ClassPercent
Domestic Stock0.1%
Foreign Stock92.4%
Domestic Bond0.0%
Foreign Bond0.2%
Preferred0.0%
Convertible0.0%
Cash6.5%
Other0.8%

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

 
Equity Sector As of Oct 31, 2013
SectorPercent
Consumer Cyclical24.0%
Technology14.0%
Industrials13.5%
Financial Services9.1%
Healthcare7.4%
Basic Materials6.2%
Real Estate5.5%
Energy4.1%
Consumer Defensive3.8%
Communication Services2.9%
Utilities2.0%

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

 
Top Ten Country Exposure As of Oct 31, 2013
CountryPercent
Japan26.2%
United Kingdom23.1%
Germany9.7%
France5.3%
Australia3.4%
China2.7%
Ireland2.6%
Switzerland2.4%
Singapore2.3%
Italy2.3%
Top Ten Holdings As of Oct 31, 2013
Holding NamePercent
Tokyo Tatemono Co., Ltd.1.9%
Pigeon Corporation1.7%
Eurofins Scientific Group S.A.1.4%
Hokkaido Electric Power Co, Inc.1.4%
Aareal Bank AG1.3%
Playtech PLC1.2%
Wirecard AG1.2%
ASOS PLC1.2%
Foster Electric Co Ltd1.2%
Stanley Electric Co., Ltd.1.2%
 

Statistics

Portfolio Statistics As of Mar 31, 2014
Statistic3-Year5-Year
Beta1.000.97
Alpha2.582.90
Standard Deviation16.8018.76
 
 

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 © 2016 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.