Fidelity Investment Trust - Fidelity Nordic Fund
FNORX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Nov 2, 1995
- CIK
- 0000744822
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Investment Trust - Fidelity Nordic Fund (FNORX) is an open-end mutual fund that seeks long-term growth of capital by investing primarily in securities of issuers located in Denmark, Finland, Norway, and Sweden, as well as other investments tied economically to the Nordic region; it normally invests at least 80% of assets in such Nordic securities, with a focus on common stocks allocated across these countries, and may invest up to 35% of total assets in any single industry that exceeds 20% of the Nordic market capitalization. The fund employs fundamental analysis, evaluating issuers' financial condition, industry position, market conditions, and economic factors to select investments. It operates within the miscellaneous region equity segment, targeting institutional and retail investors seeking exposure to Nordic equities, including large-cap growth stocks across sectors such as financial services, basic materials, consumer cyclical, and communication services. Launched on November 1, 1995, the fund is part of Fidelity Investment Trust, a series trust domiciled in the United States with headquarters in Boston, Massachusetts, managed by Fidelity Management & Research Company LLC. Assets are diversified geographically across the Nordic countries, with top holdings typically including companies like Carlsberg AS (Denmark), Telenor ASA (Norway), and Mowi ASA (Norway), representing approximately 37% of the portfolio in the top 10 positions out of around 51 equity holdings. The fund maintains a Morningstar category classification of miscellaneous region and benchmarks performance against indices such as the FTSE Capped Nordic Index. In July 2024, Fidelity Funds - Nordic Fund (a related share class) updated its benchmark for performance comparison purposes from the FTSE Nordic 30 Index to the FTSE Nordic All Cap Index (net total return), effective July 30, 2024, to better reflect the fund's investment universe; this change aligns with ongoing strategic refinements amid European Central Bank rate cuts benefiting financial holdings in the portfolio. For the semiannual period ending April 30, 2025, the fund reported a 2.38% gain, outperforming the benchmark's -0.86% return, driven by positive contributions from financials and communication services sectors. No recent acquisitions, funding rounds, or major reorganizations specific to FNORX have been announced.