Fidelity Nordic Fund (FNORX)
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.
Fund Info
| ISIN | US3159107529 |
|---|---|
| CUSIP | 315910752 |
| Issuer | Fidelity |
| Inception Date | Nov 1, 1995 |
| Category | Foreign Large Cap Equities |
| Min. Investment | $0 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
FNORX has a high expense ratio of 0.92%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Nordic Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Nordic Fund had a return of 10.48% year-to-date (YTD) and 19.45% in the last 12 months. Over the past 10 years, Fidelity Nordic Fund had an annualized return of 8.00%, while the S&P 500 had an annualized return of 10.99%, indicating that Fidelity Nordic Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 10.48% | 11.18% |
| 1 month | 6.55% | 5.60% |
| 6 months | 18.71% | 17.48% |
| 1 year | 19.45% | 26.33% |
| 5 years (annualized) | 14.16% | 13.16% |
| 10 years (annualized) | 8.00% | 10.99% |
Monthly Returns
The table below presents the monthly returns of FNORX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.10% | 3.78% | 3.00% | -2.07% | 10.48% | ||||||||
| 2023 | 3.84% | 2.54% | 3.25% | 3.43% | -5.53% | 1.57% | 0.39% | -1.47% | -1.78% | -2.86% | 9.93% | 6.77% | 20.85% |
| 2022 | -9.44% | -8.13% | 2.40% | -6.21% | 0.50% | -9.66% | 9.68% | -7.78% | -10.29% | 8.67% | 12.90% | -0.08% | -19.29% |
| 2021 | -1.18% | 1.06% | 1.81% | 6.09% | 2.80% | -1.35% | 4.39% | 0.93% | -6.01% | 5.57% | -5.07% | 3.89% | 12.77% |
| 2020 | -2.03% | -4.62% | -12.88% | 9.05% | 9.08% | 2.49% | 12.36% | 7.70% | 0.51% | -1.99% | 12.60% | 7.38% | 43.03% |
| 2019 | 5.76% | 0.35% | -1.41% | 4.30% | -4.79% | 6.50% | -5.21% | -0.67% | 2.05% | 2.91% | 2.57% | 4.48% | 17.26% |
| 2018 | 6.46% | -7.21% | -2.74% | -2.40% | 2.94% | 0.89% | 6.74% | -3.65% | 0.81% | -7.75% | 0.20% | -5.25% | -11.56% |
| 2017 | 2.47% | -1.50% | 2.27% | 6.97% | 4.88% | 2.52% | -0.62% | -0.72% | 2.49% | 0.76% | -0.18% | 2.42% | 23.68% |
| 2016 | -5.61% | 2.24% | 6.37% | 1.35% | -0.16% | -5.14% | 4.16% | 0.89% | -0.06% | -6.64% | -4.26% | 5.45% | -2.47% |
| 2015 | 1.60% | 5.41% | -2.17% | 4.17% | -0.69% | -2.99% | 2.59% | -3.70% | -2.15% | 3.97% | 3.58% | 1.86% | 11.49% |
| 2014 | -4.24% | 7.63% | -0.11% | 2.41% | 3.45% | 0.18% | -5.05% | -0.88% | -3.87% | -2.06% | 0.83% | -2.58% | -4.89% |
| 2013 | 6.77% | 1.67% | 0.84% | 3.58% | 1.66% | -4.46% | 9.05% | 0.13% | 8.39% | 5.60% | 2.87% | 7.69% | 52.49% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FNORX is 39, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
FNORX (Fidelity Nordic Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Nordic Fund (FNORX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Nordic Fund granted a 0.04% dividend yield in the last twelve months. The annual payout for that period amounted to $0.03 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.03 | $0.03 | $0.00 | $9.57 | $2.17 | $2.19 | $4.60 | $2.17 | $0.77 | $0.62 | $0.00 | $3.46 |
Dividend yield | 0.04% | 0.05% | 0.00% | 14.85% | 3.29% | 4.59% | 10.78% | 4.07% | 1.71% | 1.32% | 0.00% | 7.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Nordic Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $9.57 | $9.57 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.17 | $2.17 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.19 | $2.19 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.60 | $4.60 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.17 | $2.17 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.77 | $0.77 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.62 | $0.62 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2013 | $3.46 | $3.46 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Nordic Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Nordic Fund was 68.29%, occurring on Mar 9, 2009. Recovery took 1138 trading sessions.
The current Fidelity Nordic Fund drawdown is 0.88%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -68.29% | Nov 7, 2007 | 334 | Mar 9, 2009 | 1138 | Sep 16, 2013 | 1472 |
| -62.63% | Mar 13, 2000 | 751 | Mar 12, 2003 | 709 | Jan 4, 2006 | 1460 |
| -38.15% | Sep 3, 2021 | 267 | Sep 26, 2022 | 363 | Mar 7, 2024 | 630 |
| -36.3% | Jul 21, 1998 | 58 | Oct 8, 1998 | 181 | Jun 18, 1999 | 239 |
| -34.47% | Feb 2, 2018 | 537 | Mar 23, 2020 | 72 | Jul 6, 2020 | 609 |
Volatility
Volatility Chart
The current Fidelity Nordic Fund volatility is 3.59%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.