- Business
- Fidelity Enduring Opportunities Fund (FEOPX) is a diversified global equity mutual fund that seeks capital appreciation by investing primarily in equity securities issued throughout the world, with allocations across different countries and regions; it emphasizes companies with attractive long-term growth potential identified through Fidelity's global equity research platform, combining in-depth fundamental analysis of issuers' financial condition, industry position, market and economic conditions with systematic, rules-based quantitative portfolio construction. The fund normally invests in a broad portfolio of 200-300 common stocks, typically comprising about 60% U.S. equities and 40% international equities including developed and emerging markets; top holdings as of late 2024 include NVIDIA Corp., Microsoft Corp., Amazon.com Inc., Meta Platforms Inc., and JPMorgan Chase & Co., with sector exposures led by information technology, consumer discretionary, industrials, financials, and health care. It targets companies exhibiting sustainable competitive advantages, favorable industry dynamics, and strong management teams, investing in either growth or value stocks or both, while maintaining low portfolio turnover of approximately 18%. Launched on November 5, 2019, the fund is part of Fidelity Investment Trust and managed by Fidelity Management & Research Company LLC (FMRCo), with co-portfolio managers Michael Kim (since inception) and Kwasi Dadzie-Yeboah (since December 2024); it is headquartered at 245 Summer Street, Boston, Massachusetts, and operates globally with significant exposure to the United States (about 65%), Japan, Canada, the United Kingdom, emerging markets including China and India, and Europe. In March 2024, the fund amended its management contract to incorporate administrative services such as transfer agent and pricing & bookkeeping into a unified structure with a basic fee rate subject to performance adjustment, where the Adviser covers certain expenses from the management fee; on June 11, 2025, Fidelity's Board of Trustees unanimously approved the fund's closure and liquidation due to low assets under management of approximately $13-14 million, implementing a soft close on June 30, 2025, a hard close on July 11, 2025 (except for dividend reinvestments), and full liquidation on or about August 20, 2025, at which point proceeds will be distributed as cash to shareholders, constituting a taxable event.