Fund Evaluator:
Fidelity Overseas (FOSFX)
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Best Performing in Foreign Large Growth Over the Last Year
| 31.7% | Saturna International Z (SIFZX) |
| 31.3% | Saturna International (SSIFX) |
| 29.5% | WCM Focused International Equity Inv (WLIVX) |
| 23.7% | American Fds EUPAC F-3 (FEUPX) |
| 23.5% | William Blair International Ldrs N (WILNX) |
Fund Details
Fidelity Overseas Overview
Fidelity Overseas (FOSFX) is an actively managed International Equity Foreign Large Growth fund. Fidelity Investments launched the fund in 1984.
The investment seeks long-term growth of capital. The fund normally invests at least 80% of assets in non-U.S. securities. It normally invests primarily in common stocks. The advisor allocates investments across different countries and regions. The advisor 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.
About Fidelity Overseas (FOSFX)
There are 1 members of the management team with an average tenure of 14.42 years: Vincent Montemaggiore (2012). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI EAFE NR USD index with a weighting of 100%. Fidelity Overseas has 86 securities in its portfolio. The top 10 holdings constitute 27.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Fidelity Overseas is part of the Equity global asset class and is within the International Equity fund group. Fidelity Overseas has 97.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.6%. There is 97.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Fidelity Overseas has 1.1% of the portfolio in cash.
Assets Under Management
The fund has $5 billion in total assets, which is above the $1 billion average for the Foreign Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FOSFX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Fidelity Overseas expense ratio is above average compared to funds in the Foreign Large Growth category. Fidelity Overseas has an expense ratio of 0.67%, which is 35% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Fidelity Overseas has a portfolio turnover rate of 50%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Foreign Large Growth category.
Recently, in the month of June 2026, Fidelity Overseas returned 3.0%, which earned it a grade of B, as the Foreign Large Growth category had an average return of 1.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Fidelity Overseas has a trailing yield of 1.61%, which is above the 0.95% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Fidelity Overseas Grades
Year to date, the fund has returned 8.2%, 1.3 percentage points worse than the category, which translates into a grade of C. The fund has returned 8.8% over the past year (grade of D), 13.1% over the past three years (grade of C) and 6.3% per year over the past five years (grade of B) and 9.6% per year over the past 10 years (grade of B).
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FOSFX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FOSFX Return (NAV) | 3.0% | 11.3% | 8.8% | 13.1% | 6.3% | 9.6% |
| FOSFX Grade | B | D | D | C | B | B |
| +/- Category | 1.5% | -2.9% | -4.2% | 0.6% | 2.3% | 0.7% |
| Foreign Large Growth Avg | 1.5% | 14.2% | 13.0% | 12.4% | 3.9% | 8.9% |
| FOSFX Tax Cost Ratio | na | na | 1.2% | 0.6% | 0.6% | 0.6% |
FOSFX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FOSFX Return (NAV) | 8.2% | 20.9% | 5.2% | 20.5% | -24.8% | 19.4% | 15.4% | 28.4% | -14.7% | 29.6% | -1.3% |
| FOSFX Grade | C | B | C | A | C | A | F | C | C | D | C |
| +/- Category | -1.3% | 1.0% | -0.1% | 3.8% | 0.4% | 11.3% | -10.0% | -0.8% | -1.1% | -2.3% | 0.3% |
| Foreign Large Growth Avg | 9.5% | 19.9% | 5.3% | 16.7% | -25.2% | 8.1% | 25.4% | 29.2% | -13.6% | 32.0% | -1.6% |
| Risk Measures | |
| Standard Deviation: | 13.6% |
| Total Risk Index: | 1.12 - Above Average |
| Category Risk Index: | 0.90 - Below Average |
| Category Risk Grade: | B (21% Rank) |
| Beta: | 0.88 |
| R-Squared: | 80% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 1.6% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $7874 Mil |
| Fund Total Assets: | $5,342 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 50% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 14.4 years | |||
| Average Tenure: 14.4 years | |||
| Managers (Year): Montemaggiore Vincent (2012) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 86 |
| % in Top 10 Holdings: | 27.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 97.2% |
Portfolio Allocation |
|
| Domestic Stock: | 1.6% |
| Foreign Stock: | 97.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 1.1% |
Purchase Information
| Fund Family: | Fidelity Investments |
| Phone Number: | 800-544-8544 |
| Website: | www.institutional.fidelity.com |
| Status: | Open |
| Inception Date: | December 4, 1984 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.67% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 1.03% |
| Share Class: | Fidelity Overseas |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
