Fidelity Advisor Emerging Markets Inc I  FMKIX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Emerging Markets Bond Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Avg Duration
   ---
   Avg Credit Quality
   ---
As of 2009-09-30
Day Change
$ 0.02
  
NAV (2009-11-10)
$ 12.76
  
YTD Return % (2009-11-10)
43.84%
  
Total Assets ($ mil)
486
View Data Definitions
  Performance    
Growth of $10,000 Fund: Fidelity Advisor Emerging Markets Inc I
(from 1999-01-01 to 2009-10-31) Category: Emerging Markets Bond
Index: BarCap US Agg Bond TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-10
Inception date: 1995-07-03 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-10
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 44.64 63.78 8.49 9.89 13.23 13.72
+/- Category 14.36 23.12 2.89 2.07 1.56 ---
+/- BarCap US Agg Bond TR USD 37.73 51.29 2.04 4.62 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 42.62 26.07 8.83 10.44 13.62 13.77
Month-End (as of 2009-10-31) 43.30 55.62 8.30 10.12 13.23 13.72
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 51.86 5.66 7.15 9.73 ---
On Distribution & Sale of Shares --- 35.67 5.44 6.91 9.33 ---
Morningstar Rating --- --- ---
# of compared funds covered (3 yrs : out of 72 funds), (5 yrs : out of 52 funds), (10 yrs : out of 40 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is 1.00%.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
US Government
US Treasuries ---
TIPS ---
US Agency ---
Mortgage
Mortgage Pass-Thru ---
Mortgage CMO ---
Mortgage ARM ---
Credit
US Corporate ---
Asset-Backed ---
Convertible ---
Municipal ---
Corporate Inflation-Protected ---
Foreign
Foreign Corp ---
Foreign Govt ---
Cash ---
Bond Quality % of Bonds
AAA ---
AA ---
A ---
BBB ---
BB ---
B ---
Below B ---
Not Rated ---
 
Asset Allocation
% of Net Assets
Cash 4.5
Stocks 4.6
Bonds 90.6
Other 0.3
Foreign Stocks 4.6
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings 1 Turnover % 57
Total Number of Bond Holdings 173 30 Day SEC Yield % 6.11
% of Assets in Top 10 Holdings 27.65 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
Russian Federation 7.5% 2030-03-31 25,653 27,993 6.44
iShares MSCI Brazil Index --- 297 20,125 4.63
Petroleos De Venezuela Sa 5.25% 2017-04-12 27,145 16,762 3.85
Venezuela Rep 10.75% 2013-09-19 10,570 10,464 2.41
Poland Rep 6.38% 2019-07-15 7,540 8,426 1.94
ARGENTINA REP 2033-12-31 11,400 7,695 1.77
Venezuela Rep 8.5% 2014-10-08 8,395 7,514 1.73
Venezuela Rep 13.625% 2018-08-15 7,010 7,150 1.64
Venezuela Rep 9.25% 2027-09-15 8,830 7,108 1.63
Brazil Federative Rep 11% 2040-08-17 5,220 7,008 1.61
Data through 2009-09-30
  Other Information
Fund Inception: 1995-07-03
Portfolio Manager  (Start Date)
John H. Carlson  (1995-08-31)
Carlson is vice president and portfolio manager with Fidelity Investments, his employer since June 1995. Previously, he was executive director of emerging markets with Lehman Brothers International from 1992 to 1995. Prior to that, he was vice president of capital markets with Daiwa Securities of America from 1990 to 1992. He also served as president and chief executive officer for Security Pacific Securities and with Merrill Lynch Capital Markets as vice president and manager of hedging and arbitrage.
Sales Charge %
(taken from prospectus dated 2009-02-28)
Front: None
Deferred: None
Expense Ratio % 0.95
based on net assets
(taken from annual report dated 2008-12-31)
Correspondence Information
82 Devonshire St

Boston,  MA  02109
United States
Telephone:
877-208-0098
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.