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Fidelity® Overseas FOSFX

Analyst rating as of
NAV / 1-Day Return
69.24  /  0.10 %
Total Assets
9.8 Bil
Adj. Expense Ratio
1.040%
Expense Ratio
1.040%
Fee Level
Above Average
Longest Manager Tenure
9.72 years
Category
Foreign Large Growth
Investment Style
Large Growth
Min. Initial Investment
0
Status
Open
TTM Yield
0.16%
Turnover
41%
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Morningstar’s Analysis

Will FOSFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Still attractive despite a bumpy 2020.

Summary

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Fidelity Overseas is run by a talented manager with a prudent, repeatable approach. But increased competition from lower-priced rivals in the foreign large-growth Morningstar Category drop its Morningstar Analyst Rating to Bronze from Silver. Vincent Montemaggiore provides thoughtful, deliberate leadership to the fund. He brings 10-plus years of diverse portfolio management experience to the table, including four years on Fidelity Select Banking FSRBX, which he took over in June 2008, right as the financial crisis began to take hold. That time was especially hard for banks, and the experience left an imprint on how he invests. He saw firsthand the damaging effects that poor balance sheets and fragile business models can have on companies in times of stress, and his investment style reflects that experience. He brings a uniquely introspective mindset to this fund. He keeps journals to track investment theses as well as capture any key lessons learned from mistakes. This constant self-evaluation bodes well for this fund’s future.

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