- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Fidelity Advisor Series VIII MA United States of America
- IPO Date
- Dec 17, 1998
- Business
- Fidelity Advisor Diversified International Fund Class A (FDVAX) is an open-end mutual fund that seeks capital growth by investing primarily in non-U.S. securities, with a focus on common stocks of issuers domiciled outside the United States; it allocates investments across various countries and regions using fundamental analysis of issuers' financial condition, industry position, and market and economic conditions. The fund targets large-cap growth stocks in the foreign large growth category, with approximately 90% in non-U.S. equities, including top sectors such as financial services, industrials, and technology; key holdings include Fidelity Cash Central Fund, SAP SE, Hitachi Ltd, Allianz SE, and RELX PLC, representing about 12% of the portfolio. It operates with a net expense ratio of 1.12%, a front-end load of 5.75%, total net assets of around $1.44 billion, and share class assets of $479 million, available for sale in the United States.
Managed by Fidelity Management & Research Company LLC (FMR), a subsidiary of Fidelity Investments, the fund was launched on December 17, 1998, with headquarters in Boston, Massachusetts, where Fidelity was founded in 1946. Geographic exposure spans the Eurozone (35%), Japan (17%), the United Kingdom (16%), Europe ex-Euro (11%), and Canada (6%), with the balance in other regions; it benchmarks against the MSCI EAFE NR USD Index. Portfolio manager William Bower has overseen the fund since February 12, 2009.
In recent portfolio adjustments as of September 2025, the fund established new positions in Deutsche Telekom AG, Commerzbank AG, The Japan Steel Works Ltd., Lottomatica Group S.p.A., and DBS Group Holdings Ltd., reflecting ongoing active management to capture growth opportunities in international markets. No major structural changes, such as mergers, name changes, or portfolio manager transitions specific to FDVAX, were reported in 2024 or 2025; the fund continues to emphasize diversified non-U.S. equity exposure amid stable operations.