Fidelity® Worldwide Fund

  • Symbol: FWWFX
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Summary

Morningstar® Snapshot*

AS OF 7/31/2016; MORNINGSTAR CATEGORY: World Stock
Returns 3 out of 5, Average Returns
LOWAVGHIGH
Expenses 2 out of 5, Below Average Fees
LOWAVGHIGH
Risk of this Category Category Risk Rating:6, where 1 is Lower and 10 is Higher
LOWERHIGHER

*Data provided by Morningstar.

Performance

 3 More Information
AS OF 7/31/2016
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr 10 Yr
YTD (Daily)* +2.12% 1 Yr -3.91% 3 Yr +6.07% 5 Yr +8.04% 10 Yr +6.32%
*AS OF 8/22/2016; Value is cumulative

Hypothetical Growth of $10,000

 4, 5 More Information
AS OF 7/31/2016; MORNINGSTAR CATEGORY: World Stock
Shows growth of hypothetical $10,000 investment in Fidelity® Worldwide Fund compared to MSCI World (Net MA),World Stock over the selected time period
Fidelity® Worldwide Fund
World Stock

Compare Chart| Fund Facts Search

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

Fund Manager(s)

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William J Kennedy since 1/1/2006 Stephen M DuFour since 10/1/2007

Fund Overview

Objective

Seeks growth of capital.

Strategy

Investing in securities issued anywhere in the world. Normally investing primarily in common stocks.

Risk

Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks, all of which are magnified in emerging markets.

Additional Disclosures

This description is only intended to provide a brief overview of the mutual fund. Read the fund's prospectus for more detailed information about the fund.

Details

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Morningstar Category
World Stock
Fund Inception
5/30/1990
Glossary definition opens in new window.NAV
8/22/2016
$22.68
Glossary definition opens in new window.Exp Ratio (Gross)
12/30/2015
0.96%
($9.60 per $1000)
Glossary definition opens in new window.Exp Ratio (Net)
12/30/2015
0.96%
($9.60 per $1000)
Glossary definition opens in new window.Redemption Fee
1.00%
Redemption Period 30 days
Minimum to Invest 6
$2,500.00
Glossary definition opens in new window.Turnover Rate
4/30/2016
124%
Glossary definition opens in new window.Portfolio Net Assets ($M)
7/31/2016
$1,552.11
Glossary definition opens in new window.Share Class Net Assets ($M)
7/31/2016
$1,479.22
12 Month Low-High
7/31/2016
$19.22 - $24.51

Top 10 Holdings

 7 More Information
AS OF 6/30/2016
Top 10 Holdings
ALPHABET INC CL A
ADOBE SYSTEMS INC
S&P GLOBAL INC
AT&T INC
REYNOLDS AMERICAN INC
BRISTOL-MYERS SQUIBB CO
MSCI INC
AMERICAN TOWER CORP
AMAZON.COM INC
CONOCOPHILLIPS
% of Total Portfolio 21.12%
Total # of holdings: 318 as of 6/30/2016
Total # of issuers: 314 as of 6/30/2016

Quarter-End Average Annual Total Returns

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AS OF 6/30/2016; FUND INCEPTION 5/30/1990 Glossary definition opens in new window.

EXPENSE RATIO (GROSS):
0.96% AS OF 12/30/2015
1 Yr 3 Yr 5 Yr 10 Yr Life
Glossary definition opens in new window.Before Taxes
Fidelity® Worldwide Fund -5.28% 7.09% 6.92% 5.91% 7.47%
MSCI World (Net MA) -2.33% 7.40% 7.08% 4.86% 6.59%
World Stock -4.17% 5.63% 5.33% 4.33% --
Glossary definition opens in new window.After Taxes on Distributions
Fidelity® Worldwide Fund -6.13% 4.93% 5.56% 4.78% 6.40%
World Stock -6.26% 3.86% 4.08% 3.29% --
Glossary definition opens in new window.After taxes on distributions and sale of fund shares
Fidelity® Worldwide Fund -2.24% 5.16% 5.23% 4.67% 6.10%
World Stock -2.34% 3.83% 3.81% 3.20% --

Performance & Risk

Average Annual Total Returns

 8, 4, 3 More Information
AS OF 7/31/2016; FUND INCEPTION 5/30/1990
1 Yr 3 Yr 5 Yr 10 Yr Life
Fidelity® Worldwide Fund -3.91% 6.07% 8.04% 6.32% 7.60%
MSCI World (Net MA) 0.00% 7.04% 8.36% 5.23% 6.74%
World Stock -1.35% 5.33% 6.61% 4.81% --
Rank in Morningstar Category 70% 39% 24% 17% --
# of Funds in Morningstar Category 1134 943 733 418 --

Hypothetical Growth of $10,000

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AS OF 7/31/2016; MORNINGSTAR CATEGORY: World Stock
Fidelity® Worldwide Fund
World Stock
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
This Fund 17.42% 18.49% -40.24% 28.53% 17.04% -6.73% 18.76% 31.55% 0.48% 3.51% 1.49%
Benchmark 20.50% 9.42% -40.44% 30.55% 12.16% -5.19% 16.34% 27.18% 5.36% -0.44% 5.20%
Category 19.72% 11.28% -41.91% 35.27% 13.74% -7.93% 15.84% 25.19% 2.79% -1.69% 4.54%
+/- Benchmark -3.08% 9.07% 0.20% -2.02% 4.88% -1.54% 2.42% 4.37% -4.88% 3.95% -3.71%
+/- Category -2.30% 7.21% 1.67% -6.74% 3.30% 1.20% 2.92% 6.36% -2.31% 5.20% -3.05%

Compare Chart| Fund Facts Search

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

Quarter-End Average Annual Total Returns

 4, 3 More Information
AS OF 6/30/2016; FUND INCEPTION 5/30/1990 Glossary definition opens in new window.

EXPENSE RATIO (GROSS):
0.96% AS OF 12/30/2015
1 Yr 3 Yr 5 Yr 10 Yr Life
Glossary definition opens in new window.Before Taxes
Fidelity® Worldwide Fund -5.28% 7.09% 6.92% 5.91% 7.47%
MSCI World (Net MA) -2.33% 7.40% 7.08% 4.86% 6.59%
World Stock -4.17% 5.63% 5.33% 4.33% --
Glossary definition opens in new window.After Taxes on Distributions
Fidelity® Worldwide Fund -6.13% 4.93% 5.56% 4.78% 6.40%
World Stock -6.26% 3.86% 4.08% 3.29% --
Glossary definition opens in new window.After taxes on distributions and sale of fund shares
Fidelity® Worldwide Fund -2.24% 5.16% 5.23% 4.67% 6.10%
World Stock -2.34% 3.83% 3.81% 3.20% --

Cumulative Total Returns

 3 More Information
AS OF 7/31/2016
YTD (Daily)* YTD (Monthly) 1 Month 3 Months 6 Months
Fidelity® Worldwide Fund 2.12% 1.49% 3.87% 3.39% 8.73%
Fidelity® Worldwide Fund  (Load Adjusted) -- -- 2.83% -- --
MSCI World (Net MA) -- 5.20% 4.25% 3.76% 11.87%
World Stock -- 4.54% 4.15% 3.87% 10.88%
*AS OF 8/22/2016

Fund Risk and Return

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AS OF 7/31/2016; MORNINGSTAR CATEGORY: World Stock
Risk of this Category Category Risk Rating:6, where 1 is Lower and 10 is Higher
LOWERHIGHER

Risk

Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks, all of which are magnified in emerging markets.

Volatility Measures

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Beta 0.95
AS OF 7/31/2016

A measure of a portfolio's sensitivity to market movements (as represented by a benchmark index). The benchmark index has a beta of 1.0. A beta of more (less) than 1.0 indicates that a fund's historical returns have fluctuated more (less) than the benchmark index. Beta is a more reliable measure of volatility when used in combination with a high R2 which indicates a high correlation between the movements in a fund's returns and movements in a benchmark index.

R2 0.86
AS OF 7/31/2016

A measurement of how closely the portfolio's performance correlates with the performance of the fund's primary benchmark index or equivalent. R2 is a proportion which ranges between 0.00 and 1.00. An R2 of 1.00 indicates perfect correlation to the benchmark index, that is, all of the portfolio's fluctuations are explained by performance fluctuations of the index, while an R2 of 0.00 indicates no correlation. Therefore, the lower the R2, the more the fund's performance is affected by factors other than the market as measured by that benchmark index. An R2 value of less than 0.5 indicates that the Annualized Alpha and Beta are not reliable performance statistics.

Sharpe Ratio 0.51
AS OF 7/31/2016

The Sharpe ratio is a measure of historical risk-adjusted performance. It is calculated by dividing the fund's excess returns (the fund's average annual return for the period minus the 3-month "risk free" return rate) and dividing it by the standard deviation of the fund's returns. The higher the ratio, the better the fund's return per unit of risk. The three month "risk free" rate used is the 90-day Treasury Bill rate.

Standard Deviation 11.82
AS OF 7/31/2016

Statistical measure of how much a return varies over an extended period of time. The more variable the returns, the larger the standard deviation. Investors may examine historical standard deviation in conjunction with historical returns to decide whether an investment's volatility would have been acceptable given the returns it would have produced. A higher standard deviation indicates a wider dispersion of past returns and thus greater historical volatility. Standard deviation does not indicate how an investment actually performed, but it does indicate the volatility of its returns over time. Standard deviation is annualized. The returns used for this calculation are not load-adjusted.

Historical Fund Performance

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Current year's data as of: 7/31/2016
Year Total Returns Capital Gains Glossary definition opens in new window.Dividends Glossary definition opens in new window.Share Class Net Assets ($M)
2016 1.49% -- -- $1,479.22
2015 3.51% $0.75 $0.136 $1,538.71
2014 0.48% $2.413 $0.08 $1,497.50
2013 31.55% $1.979 $0.087 $1,564.15
2012 18.76% $0.08 $0.159 $1,113.69
2011 -6.73% -- $0.065 $1,075.39
2010 17.04% $0.046 $0.1 $1,169.74
2009 28.53% $0.015 $0.097 $1,059.48
2008 -40.24% -- $0.17 $875.11
2007 18.49% $2.38 $0.12 $1,696.97

Ratings

Morningstar Ratings

AS OF 7/31/2016; MORNINGSTAR CATEGORY: World Stock
Overall
4 out of 5 stars
Out of 943 funds
3 Yr
3 out of 5 stars
Out of 943 funds
5 Yr
4 out of 5 stars
Out of 733 funds
10 Yr
4 out of 5 stars
Out of 418 funds

An overall rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Metrics as of the date stated. The number of funds in the World Stock category tracked by Morningstar was 943 for the 3 year period and Overall Ranking; 733 for the 5 year period; and 418 for the 10 year period.

Past performance is no guarantee of future results.

Lipper Ranking

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AS OF 7/31/2016; LIPPER PEER GROUP: Global
1 Yr
#706 out of 964 funds
5 Yr
#143 out of 593 funds
10 Yr
#45 out of 317 funds

The fund is ranked based on total return. Each fund is ranked within a universe of funds with similar investment objectives. Rankings include the reinvestment of dividends and capital gains but exclude the effect of a fund's sales load, if applicable. Lipper Inc. is a nationally recognized organization that ranks the performance of mutual funds.

Past performance is no guarantee of future results.

Composition

Major Market Sectors

 7 More Information
AS OF 6/30/2016
Glossary definition opens in new window.Portfolio Weight MSCI World (Net MA)
Information Technology 16.41% 13.98%
Financials 16.11% 18.96%
Consumer Staples 13.28% 11.27%
Health Care 13.03% 13.52%
Consumer Discretionary 12.86% 12.32%
Industrials 11.91% 10.84%
Energy 5.74% 6.97%
Telecommunication Services 4.44% 3.72%
Materials 3.25% 4.74%
Utilities 1.05% 3.68%
Other 0.00% 0.00%

Asset Allocation

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AS OF 6/30/2016
Fund
International Equities 42.85%
Developed Markets 39.09%
Emerging Markets 3.76%
Tax-Advantaged Domiciles 0.00%
Domestic Equities 55.23%
Bonds 0.00%
Cash & Net Other Assets 1.92%

Top 10 Holdings

 7 More Information
AS OF 6/30/2016
ALPHABET INC CL A
ADOBE SYSTEMS INC
S&P GLOBAL INC
AT&T INC
REYNOLDS AMERICAN INC
BRISTOL-MYERS SQUIBB CO
MSCI INC
AMERICAN TOWER CORP
AMAZON.COM INC
CONOCOPHILLIPS
% of Total Portfolio 21.12%
Total # of holdings: 318 as of 6/30/2016
Total # of issuers: 314 as of 6/30/2016

Regional Diversification

 7 More Information
AS OF 6/30/2016
United States
57.14%
Europe
25.35%
Japan
7.12%
Emerging Markets
3.76%
Asia-Pacific ex Japan
3.56%
Canada
3.04%
Other
0.03%

Country Diversification

 7 More Information
AS OF 6/30/2016
USA
57.14%
Japan
7.12%
United Kingdom
6.64%
Germany
4.20%
France
3.64%
Canada
3.04%
Ireland
1.81%
Switzerland
1.73%
Netherlands
1.67%
Sweden
1.61%
Hong Kong
1.43%
India
1.15%
Denmark
1.01%

Currency Diversification

 7 More Information
AS OF 6/30/2016
U.S. Dollar
59.77%
European Monetary Unit (Euro)
12.72%
Japanese Yen
7.12%
UK Pound
6.69%
Canadian Dollar
2.95%
Swiss Franc
1.73%
Swedish Krona
1.61%
Hong Kong Dollar
1.58%
Australian Dollar
1.11%
Danish Krone
1.01%
Indian Rupee
0.76%
South African Rand
0.70%
Norwegian Krone
0.69%
Israeli Shekel
0.49%
New Zealand Dollar
0.35%
Philippine Peso
0.24%
Chilean Peso
0.23%
Chinese Yuan
0.12%
Kenyan Shilling
0.07%
New Taiwan Dollar
0.05%
Indonesian Rupiah
0.01%

Fees and Distributions

Minimums

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Initial Investment
$2,500.00
Additional Investment
$0.00
Initial IRA Investment
$2,500.00
Additional IRA Investment
$0.00
Initial Group Retirement Investment 6
$500.00
Additional Group Retirement Investment
$0.00

Distribution

Dividend History

Date Per Share Amount Reinvestment Price
12/04/15 $0.136 $22.52
12/05/14 $0.08 $22.80
12/06/13 $0.087 $23.65
12/07/12 $0.159 $20.02

Capital Gains History

Date Per Share Amount Reinvestment Price
12/04/15 $0.75 $22.52
12/05/14 $2.413 $22.80
12/06/13 $1.979 $23.65
12/07/12 $0.08 $20.02

Pricing

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AS OF 7/31/2016
12 Month Low-High
$19.22 - $24.51
On 7/31/2016
$22.54

Price History By Month

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Actual Values: Jul. 2016 to Jul. 2015

Close Low High
Jul $22.54 $21.51 $22.54
Jun $21.70 $20.58 $22.37
May $22.06 $21.49 $22.11
Apr $21.80 $21.37 $22.16
Mar $21.59 $20.67 $21.60
Feb $20.37 $19.22 $20.78
Jan $20.73 $19.94 $21.75
Dec $22.21 $21.68 $23.52
Nov $23.30 $22.62 $23.43
Oct $23.14 $21.98 $23.27
Sep $21.85 $21.38 $23.04
Aug $22.64 $21.82 $24.51
Jul $24.38 $23.29 $24.68

Commentary

Quarterly Fund Review

Portfolio Manager Q&A

Chairman's Message

Investment Approach

The "Mutual Funds" area at the top of each page allows access to mutual fund holdings with individual and joint Fidelity non-retirement accounts. Individual stock positions, ETFs and 529 funds are not available through this view. For the full list of your holdings visit Portfolio Summary.

Mutual Funds are priced as of the previous business day's market close when the market is open. Mutual fund positions are priced as of the official market close (typically 4p.m.) and prices are generally available between 5 p.m. and 6p.m.

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2016 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or redistributed; 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. Fidelity does not review the Morningstar data and, for fund performance, you should check the fund's current prospectus or other product materials for the most up-to-date information concerning applicable loads, fees and expenses.

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

1. No Transaction Fee Fidelity funds are available without paying a trading fee to Fidelity or a sales load to the fund. However, the fund may charge a short-term trading or redemption fee to protect the interests of long-term shareholders of the fund. Shares are subject to the fund's management and operating expenses. See Expenses & Fees for more information.

2. The funds on the Fund Picks From Fidelity list are selected based on certain selection criteria. Fund Picks From Fidelity is not a personalized recommendation or endorsement of any fund for an investor's individual circumstances.

3. Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated and are cumulative if the fund is less than one year old. Total returns do not reflect the fund's [%] sales charge. If sales charges were included, total returns would have been lower.

4. The Morningstar Category Average is the average return for the peer group based on the returns of each individual fund within the group, for the period shown. This average assumes reinvestment of dividends.

5. This chart illustrates the performance of a hypothetical $10,000 investment made in this investment product (and a benchmark or category average, if shown) from the beginning date shown or on the inception date of the product (whichever is later). The inception date used for products with underlying funds, or multiple shares classes, or are offered as a separate account, strategy or sub account, may be the inception date of the underlying fund, the earliest share class of the product, or the date composite performance for the product was first made available. The product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Benchmark returns include reinvestment of capital gains and dividends, if any, but do not reflect any fees or expenses. It is not possible to invest in an index. Past performance is no guarantee of future results. This chart is not intended to imply any future performance of the investment product.

6. Initial minimum investments into group retirement accounts such as Fidelity Simplified Employee Pension-IRA, Keogh, Self-Employed 401(k), and Non-Fidelity Prototype Retirement accounts are $500 or higher. There is no minimum for additional investments in any type of Fidelity fund you already own.

7. Any holdings, asset allocation, diversification breakdowns or other composition data shown are as of the date indicated and are subject to change at any time. They may not be representative of the fund's current or future investments. The Top Ten holdings do not include money market instruments or futures contracts, if any. Depository receipts are normally combined with the underlying security. Some breakdowns may be intentionally limited to a particular asset class or other subset of the fund's entire portfolio, particularly in multi-asset class funds where the attributes of the equity and fixed income portions are different.

Under the asset allocation section, international (or foreign) assets may be reported differently depending on how an investment option reports its holdings. Some do not report international (or foreign) holdings here, but instead report them in a "Regional Diversification" section. Some report them in this section in addition to the equity, bond and other allocation shown. Others report international (or foreign) holding as a subset of the equity and bond allocations shown. If the allocation without the foreign component equals (or rounds to) 100%, then international (or foreign) is a subset of the equity and bond percentage shown.

8. Percent Rank in Category is the fund's total-return percentile rank relative to all funds that have the same Morningstar Category. The highest (or most favorable) percentile rank is 1 and the lowest (or least favorable) percentile rank is 100. The top-performing fund in a category will always receive a rank of 1. % Rank in Category is based on total returns which include reinvested dividends and capital gains, if any, and exclude sales charges.

9. The percent of net assets invested in both domestic and foreign Equities (common stocks, preferred stocks, rights and warrants, convertible preferred stocks and stock index futures and options), Bond (all debt instruments, including investment grade, non-investment grade, non-rated securities and convertible bonds), and Cash & Net Other Assets (cash, repurchase agreements, receivables and payables).

10. "Tax-Advantaged Domiciles" represent countries whose tax policies may be favorable for company incorporation.

11. Net Other Assets can include fund receivables, fund payables, and offsets to other derivative positions, as well as certain assets that do not fall into any of the Portfolio Composition categories. Depending on the extent to which the fund invests in derivatives and the number of positions that are held for future settlement, Net Other Assets can be a negative number.

12. Fidelity may deduct a small balance maintenance fee of $12.00 from a fund balance with a value less than $2,000. Fund positions opened after September 30 will not be subject to the fee for that calendar year. This fee will not be deducted from fund positions opened after January 1 of that calendar year if those positions use regular investment plans. Refer to the fund prospectus for details.

Generally, data on Fidelity mutual funds is provided by FMR, LLC, Morningstar ratings and data on non-Fidelity mutual funds is provided by Morningstar, Inc. and data on non-mutual fund products is provided by the product's investment manager, trustee or issuer or the plan sponsor whose plan is offering the product to participants. Although Fidelity believes the data gathered from these third-party sources is reliable, it does not review such information and cannot warrant it to be accurate, complete or timely. Fidelity is not responsible for any damages or losses arising from any use of this third-party information.

Before investing, consider the investment objectives, risks, charges and expenses of the fund or annuity and its investment options. Contact Fidelity for a free prospectus and, if available, summary prospectus containing this information. Read it carefully.