Fidelity International Value Fund
Actively managed developed international stock fund
As of its 2026 Q2 report, Fidelity International Value Fund held 108 positions with $4.46B in net assets. Its ten largest holdings made up 24.6% of the fund. The FIVLX share class costs 0.8% a year. Over the 12 months to May 2026, FIVLX returned 24.0%, with dividends reinvested. In 2026 Q3 it added 14 new positions and exited 11.
Fidelity International Value Fund seeks capital appreciation.
The fund invests at least 80% of assets in non-U.S. value stocks, selecting companies that trade below median valuation multiples or exhibit above-median free cash flow yields relative to the equity market, using fundamental analysis of financial condition and industry position. The fund allocates across countries and regions, including emerging markets. Because security selection depends on the adviser's valuation assessments, performance will diverge from any benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
BANCO SANTANDER SA | 3.79% | $169.01M | 13.9M | $12.18 |
MITSUBISHI UFJ FINANCIAL GROUP INC | 2.93% | $130.91M | 7.3M | $17.96 |
SHELSHELL PLC | 2.88% | $128.78M | 1.4M | $90.67 |
SUMITOMO MITSUI FINANCIAL GROUP INC | 2.50% | $111.68M | 3.2M | $35.31 |
LLOYDS BANKING GROUP PLC | 2.27% | $101.48M | 74.7M | $1.36 |
ROCHE HOLDING AG | 2.25% | $100.50M | 246.6K | $407.50 |
HSBC HOLDINGS PLC | 2.09% | $93.15M | 5.1M | $18.40 |
BRITISH AMERICAN TOBACCO PLC | 2.04% | $91.26M | 1.5M | $58.89 |
Fidelity Revere Street Trust | 1.95% | $87.21M | — | — |
TOYOTA MOTOR CORP | 1.86% | $82.98M | 4.3M | $19.20 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 108 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 97.32% |
| Cash & short-term | 1.98% |
How it has done
FIVLX share class · total returns with dividends reinvested
Volatility over the last 12 months: 11.59%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.80% | +24.02% | +86.56% | +79.90% | -8.14% | |
| 1.09% | +23.56% | +84.80% | +77.16% | -8.16% | |
| 1.83% | +22.71% | +81.75% | +72.58% | -8.32% | |
| 1.34% | +23.27% | +83.42% | +75.00% | -8.25% | |
| 0.84% | +23.89% | +86.56% | +79.85% | -7.98% | |
| 0.73% | +24.14% | +87.17% | +80.96% | -8.10% |
These classes hold the same portfolio, so the 8.38pp spread over 5 years is the cost difference between them — roughly 1.68pp a year — not a difference in what they own.
Fees & fund details
Fidelity International Value Fund is an actively managed developed international equity fund.
- Asset class
- Equity
- Region
- Developed international
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.73% – 1.83%· FIVLX 0.80%
- Portfolio turnover
- 31.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
14 new· the largest 8
11 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — FIVLX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”