- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Jul 14, 1995
- Business
- Fidelity International Capital Appreciation Fund (FIVFX) is a diversified mutual fund managed by Fidelity Investment Trust that seeks long-term growth of capital primarily through investments in non-U.S. securities, including common stocks of issuers located in developed and emerging markets outside the United States; the fund employs an opportunistic growth strategy targeting high-quality companies benefiting from long-term mega trends, strong brands, barriers to entry, and best-in-class status across various sectors such as technology, consumer goods, healthcare, and industrials. It offers retail share classes with a low expense ratio, no minimum initial investment requirement, and access through brokerage platforms for individual and institutional investors seeking international equity exposure. The fund, which traces its inception to November 1, 1994, is headquartered in Boston, Massachusetts, as part of Fidelity Investments' extensive lineup of over 400 mutual funds covering domestic and global asset classes.
FIVFX maintains a flexible portfolio construction approach, normally investing at least 80% of assets in foreign equities with potential allocations to depositary receipts, preferred stocks, and small positions in U.S. securities; it targets companies with robust earnings growth potential, irrespective of market capitalization, while managing risk through diversification across regions including Europe, Asia-Pacific, Latin America, and emerging markets. Geographically, the fund operates globally with primary exposure to Europe and Pacific ex-Japan regions, alongside selective emerging market investments, serving a broad investor base including retail, retirement accounts, and financial advisors.
In recent developments, Fidelity proposed merging FIVFX into Fidelity Advisor International Capital Appreciation Fund to streamline operations and introduce a new retail share class for affected investors, pending shareholder approval as announced in disclosures around 2023-2025; this follows related equity fund mergers approved in September 2025, reflecting ongoing portfolio rationalization efforts by Fidelity Investments. The fund continues under the management of Sammy Simnegar, who has maintained a focus on growth-oriented international equities amid volatile markets, contributing to competitive performance with NAV around $29.73 as of late 2025. Fidelity Investments, the parent entity founded in 1946, supports FIVFX through its Boston-based research and trading infrastructure, with no major acquisitions, partnerships, or product launches specific to this fund reported in the last 1-2 years.