Fidelity Advisor Diversified International Fund Class Z
FZABX
NASDAQ- -
USD
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- -
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
- Fidelity Advisor Series VIII MA United States of America
- IPO Date
- Aug 20, 2013
- CIK
- 0000729218
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Advisor Diversified International Fund Class Z (FZABX) 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 companies in developed and emerging markets outside the United States; it allocates investments across different countries and regions using fundamental analysis of issuers' financial condition, industry position, market conditions, and economic factors. The fund's portfolio emphasizes high-quality businesses with durable growth prospects, competitive advantages, consistent profitability, strong balance sheets, high returns on capital, and aligned management teams, resulting in sector overweightings in industrials (27.63%), financials (25.79%), and information technology (12.52%) as of May 31, 2025; top holdings include SAP SE, Hitachi Ltd., UniCredit SpA, Rolls-Royce Holdings PLC, and Allianz SE, representing 19.53% of total net assets across 144 holdings. Country diversification features significant exposure to the United Kingdom (18.55%), Japan (18.10%), Germany (13.07%), and France (9.82%), with 94.06% of assets in international equities (89.64% developed markets, 4.42% emerging markets), 1.97% in domestic equities, and the remainder in cash and net other assets. Managed by William Bower since February 2009 under Fidelity Advisor Series VIII, the fund was incepted on December 17, 1998, and is headquartered at 82 Devonshire Street, Boston, Massachusetts, as part of Fidelity Investments' family of funds available primarily to eligible institutional and advisor-sold investors. Class Z shares carry a net expense ratio of 0.73%, with a turnover rate of 37% as of April 2025 and portfolio assets of approximately $1,575.5 million as of June 30, 2025; performance has included a year-to-date return of 19.28% and a 10-year average annual return of 7.24% for Class Z (as of June 30, 2025), outperforming the MSCI EAFE Index benchmark in several recent periods. In the last 1-2 years, the fund has maintained its core strategy without major structural changes such as acquisitions, funding rounds, or name reorganizations, instead focusing on portfolio adjustments to capitalize on multiyear themes including artificial intelligence-driven corporate spending, onshoring/nearshoring trends, the transition to greener energy sources, and domestic infrastructure incentives. It has sustained overweight positions in industrials for exposure to energy efficiency and business services opportunities, while balancing exposure across less correlated sectors amid evolving interest rate stability and inflation moderation as of mid-2024. The fund continues to target foreign large-growth stocks in the top 70% market cap of economically integrated markets like Europe and Asia ex-Japan, with no reported strategic alliances or product launches specific to FZABX in 2024-2025.