Fidelity Diversified International Fund Q1 2025 Commentary

(12min)

Summary

  • Fidelity® Diversified International Fund seeks long-term capital growth by investing in high-quality foreign developed market stocks with durable growth prospects and competitive advantages.
  • The fund gained 5.15% in Q1, underperforming the MSCI EAFE Index's 6.94% due to stock selection, particularly in the information technology sector.
  • Top contributors included Thales (+85%) and UniCredit (+40%), while Marvell Technology (-43%) and Taiwan Semiconductor Manufacturing (-16%) were major detractors.
  • The fund is optimistic about growth in AI, onshoring, green energy, and infrastructure, focusing on companies with strong balance sheets and management teams.

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Performance Review

FUND INFORMATION

Manager(s): Bill Bower

Trading Symbol: MUTF:FDIVX

Start Date: December 27, 1991

Size (in millions): $11,319.14

Morningstar Category: Fund Foreign Large Growth

Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse

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Fidelity’s mission is to strengthen the financial well-being of our customers and deliver better outcomes for the clients and businesses it serves. With assets under administration of $12.6 trillion, including discretionary assets of $4.9 trillion as of December 31, 2023, Fidelity focuses on meeting the unique needs of a broad and growing customer base. Privately held for 77 years, Fidelity employs more than 74,000 associates with its headquarters in Boston and a global presence spanning nine countries across North America, Europe, Asia and Australia. Note: This account is not managed or monitored by Fidelity, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Fidelity's official channels.

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