Best International Stock Mutual Funds
Latin America stock mutual fund is part of international stock mutual fund. It utilizes its assets to purchase portfolio of stocks from Latin America. It may invest in Brazil, Mexico, Argentina, Venezuela, Columbia, Peru and more. These countries are part of emerging markets or developing region.
These best Latin America stock mutual funds 2013 are selected based on its performance, fee, and potential for future growth. You can choose these best mutual funds for your brokerage account or retirement account. It is available to invest for as little as $1,000.The 6 best Latin America stock mutual funds 2013 are:
- JPMorgan Latin America Fund (JLTAX)
- BlackRock Latin America Fund (MDLTX)
- Fidelity Latin America Fund (FLATX)
- T. Rowe Price Latin America Fund (PRLAX)
- Dreyfus Brazil Equity Fund (DBZAX)
- DWS Latin America Equity Fund (SLANX)
JPMorgan Latin America Fund (JLTAX)
JPMorgan Latin America Fund utilizes its assets to buy securities of Latin American issuers. Ranked with 4-stars rating, it has total net assets of $106.7 million. The fund’s annual expense ratio is 1.86%. The average ratio in the category is 1.87%. As of June 3, 2013, the fund has 49.00% of annual holdings turnover. It has 0.20% dividend yield.The annual performance of this best Latin America stock mutual fund since its inception in 2007 is as below:
- Year 2012: 14.07%
- Year 2011: -20.16%
- Year 2010: 22.59%
- Year 2009: 109.98%
- Year 2008: -57.29%
BlackRock Latin America Fund (MDLTX)
Managed by Will Landers and Keith Martin, this BlackRock mutual fund has $426.5 million of total net assets. This BlackRock Latin America Fund has a dividend yield of 1.51%. The annual expense ratio is 1.53%. Morningstar analysts rank it with 3-stars and Bronze rating. It invests mainly in equity securities of companies of any market capitalization located in Latin America.As one of the best Latin America stock mutual funds, it uses MSCI Emerging Markets Free-Latin America Index as its benchmark. As of June 24, it has YTD return of -17.91%. The fund has 13 years of positive return. Its beat 1 year total return was achieved in 2009 with 120.24%. Based on the load adjusted returns, the fund has returned 0.15% over the past 3-year and 23.04% over the past decade.
The top 5 holdings of this MDLTX fund as of April 2013 are Vale SA ADR (7.3%), Banco Bradesco SA (5.6%), Fomento Economico Mexicano SAB (5.2%), Itau Unibanco Holdings SA (4.7%) and CCR SA (4.6%). The top sectors are Financial (26.6%) and Consumer Staples (18.2%).
Fidelity Latin America Fund (FLATX)
As part of Fidelity fund family, this Fidelity Latin America Fund invests majority of assets in common stocks and allocates investment across different Latin American countries. It has large net assets of $1.7 billion. The expense ratio is only 1.02%. This no load fund uses Large Blend investment style. The fund is currently managed by Adam Kutas. It requires a minimum of $2,500 for the initial investment.Ranked with 3-stars and Neutral rating by Morningstar, this top Latin America stock mutual fund has returned 16.07% over the past 10-year performance. It has -19.61% of YTD return. The best 1-year total return was recorded in 2009 with 91.60% and the worst in 2008 with -54.64%.
The top 10 holdings as of first quarter of 2013 represent 49.78% of total portfolio out of 79 holdings. They are Itau Unibanco Holding SA, America Movil SAB De CV, Petrobras PN, Wal Mart de Mexico SAB and Bebidas DAS.
T. Rowe Price Latin America Fund (PRLAX)
T. Rowe Price Latin America Fund has 10-year average returns of 22.96%. It uses its assets to purchase equities of Latin American companies. Its total assets are $1.71 billion. You can buy this no load Latin America mutual fund with $2,500 minimum initial investment.Fund Information
| No | Fund Description | Fund Code | Rating | Expense Ratio | Net Assets (mil) | Min Invest |
|---|---|---|---|---|---|---|
| 1 | JPMorgan Latin America A | JLTAX | 5 | 1.86 | $107 | $1,000 |
| 2 | BlackRock Latin America Inv A | MDLTX | 3 | 1.53 | $427 | $1,000 |
| 3 | Fidelity Latin America | FLATX | 3 | 1.02 | $1,700 | $2,500 |
| 4 | T. Rowe Price Latin America | PRLAX | 3 | 1.24 | $1,500 | $2,500 |
| 5 | Dreyfus Brazil Equity A | DBZAX | 3 | 2.21 | $24 | $1,000 |
| 6 | DWS Latin America Equity A | SLANX | 2 | 1.7 | $428 | $1,000 |
Fund Performance
| No | Fund Description | YTD Return (%) | 1-Year Return % | 3-Year Return % | 5-Year Return % | 10-Year Return % |
|---|---|---|---|---|---|---|
| 1 | JPMorgan Latin America A | -13.89 | -0.51 | -1.51 | -3.93 | N/A |
| 2 | BlackRock Latin America Inv A | -17.91 | -7.34 | -5.67 | -5.65 | 18.02 |
| 3 | Fidelity Latin America | -19.61 | -13.65 | -4.68 | -7.67 | 16.07 |
| 4 | T. Rowe Price Latin America | -18.64 | -5.16 | -6.36 | -4.89 | 10.09 |
| 5 | Dreyfus Brazil Equity A | -18.86 | -9.96 | -4.94 | N/A | N/A |
| 6 | DWS Latin America Equity A | -16.88 | -3.81 | -5.04 | -8.28 | 13.94 |
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