Returns Chart

Key Stats

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Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
0.74% 7.990B 1.46% 46.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
-2.669B 6.96% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund seeks capital appreciation. The Fund invests at least 80% of its assets in securities of issuers in emerging markets and other investments that are tied economically to emerging markets. It invests primarily in common stocks and allocates the fund's investments across different emerging market countries.
General
Security Type Mutual Fund
Broad Asset Class International Equity
Broad Category Equity
Global Peer Group Equity Emerging Mkts Global
Peer Group Emerging Markets Funds
Global Macro Equity Emerging Markets
US Macro Emerging Markets Equity Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Emerging Markets Funds
Fund Owner Firm Name Fidelity Investments
Broad Asset Class Benchmark Index
^MSACXUSNTR 100.0%

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Net Fund Flows Versus Peer Group

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: 6
-1.279B Peer Group Low
2.036B Peer Group High
1 Year
% Rank: 99
-2.669B
-7.785B Peer Group Low
6.874B Peer Group High
3 Months
% Rank: 5
-2.978B Peer Group Low
2.173B Peer Group High
3 Years
% Rank: 85
-19.95B Peer Group Low
13.17B Peer Group High
6 Months
% Rank: 84
-3.769B Peer Group Low
4.958B Peer Group High
5 Years
% Rank: 10
-23.99B Peer Group Low
22.01B Peer Group High
YTD
% Rank: 85
-3.769B Peer Group Low
4.958B Peer Group High
10 Years
% Rank: 21
-31.03B Peer Group Low
61.06B Peer Group High
Date Unavailable

Performance Versus Peer Group

 
20%
15%
10%
5%
0
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Peer Group Rtn. (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
% Rank in Peer Group (NAV)
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
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Annual Total Returns Versus Peers

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Name
2018
2019
2020
2021
2022
2023
2024
YTD
-18.02%
33.65%
32.54%
1.48%
-27.40%
15.30%
7.31%
12.68%
-14.20%
21.51%
10.65%
7.82%
-16.00%
15.62%
5.53%
17.86%
-16.03%
26.61%
17.81%
-10.60%
-23.36%
2.22%
-1.60%
11.40%
-15.96%
26.72%
17.83%
-10.36%
-23.24%
2.30%
-1.50%
11.24%
-15.23%
22.66%
24.87%
-7.43%
-22.58%
4.73%
6.37%
16.37%
-13.28%
27.56%
52.33%
-10.00%
-34.75%
11.01%
2.76%
13.36%
As of July 08, 2025.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (7-3-25) 1.02%
30-Day SEC Yield (10-3-23) 0.00%
7-Day SEC Yield (10-3-23) 0.00%
Stock
Weighted Average PE Ratio 27.70
Weighted Average Price to Sales Ratio 7.905
Weighted Average Price to Book Ratio 6.824
Weighted Median ROE 29.14%
Weighted Median ROA 15.19%
ROI (TTM) 23.44%
Return on Investment (TTM) 23.44%
Earning Yield 0.0498
LT Debt / Shareholders Equity 0.3568
As of May 31, 2025

Growth Metrics

EPS Growth (1Y) 39.62%
EPS Growth (3Y) 25.56%
EPS Growth (5Y) 26.22%
Sales Growth (1Y) 23.85%
Sales Growth (3Y) 21.01%
Sales Growth (5Y) 22.28%
Sales per Share Growth (1Y) 23.71%
Sales per Share Growth (3Y) 20.77%
Operating Cash Flow - Growth Ratge (3Y) 26.06%
As of May 31, 2025

Asset Allocation

Created with Highcharts 11.1.0
As of May 31, 2025.
Type % Net
Cash 1.36%
Stock 96.91%
Bond 0.68%
Convertible 0.00%
Preferred 0.25%
Other 0.80%
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Top 10 Holdings

Created with Highcharts 11.1.0
Name % Weight Price % Change
Taiwan Semiconductor Manufacturing Co Ltd 13.93% 17.24 0.00%
Tencent Holdings Ltd 8.35% 64.00 1.19%
NVIDIA Corp 3.91% 158.95 0.45%
PT Bank Central Asia Tbk 2.90% 0.51 0.00%
HDFC Bank Ltd ORD
2.87% -- --
Alibaba Group Holding Ltd 2.59% 108.42 2.02%
SK Hynix Inc 2.38% -- --
Samsung Electronics Co Ltd 2.36% 40.60 0.00%
PDD Holdings Inc 2.24% 107.41 2.05%
Reliance Industries Ltd ORD
2.01% -- --

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee 0.71%
Administration Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product --
Available for RRSP --
Purchase Details
Open to New Investors Yes
Minimum Initial Investment 0.00 None
Minimum Subsequent Investment 0.00 None

Basic Info

Investment Strategy
The Fund seeks capital appreciation. The Fund invests at least 80% of its assets in securities of issuers in emerging markets and other investments that are tied economically to emerging markets. It invests primarily in common stocks and allocates the fund's investments across different emerging market countries.
General
Security Type Mutual Fund
Broad Asset Class International Equity
Broad Category Equity
Global Peer Group Equity Emerging Mkts Global
Peer Group Emerging Markets Funds
Global Macro Equity Emerging Markets
US Macro Emerging Markets Equity Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Emerging Markets Funds
Fund Owner Firm Name Fidelity Investments
Broad Asset Class Benchmark Index
^MSACXUSNTR 100.0%

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Fundamentals

General
Distribution Yield --
Dividend Yield TTM (7-3-25) 1.02%
30-Day SEC Yield (10-3-23) 0.00%
7-Day SEC Yield (10-3-23) 0.00%
Stock
Weighted Average PE Ratio 27.70
Weighted Average Price to Sales Ratio 7.905
Weighted Average Price to Book Ratio 6.824
Weighted Median ROE 29.14%
Weighted Median ROA 15.19%
ROI (TTM) 23.44%
Return on Investment (TTM) 23.44%
Earning Yield 0.0498
LT Debt / Shareholders Equity 0.3568
As of May 31, 2025

Growth Metrics

EPS Growth (1Y) 39.62%
EPS Growth (3Y) 25.56%
EPS Growth (5Y) 26.22%
Sales Growth (1Y) 23.85%
Sales Growth (3Y) 21.01%
Sales Growth (5Y) 22.28%
Sales per Share Growth (1Y) 23.71%
Sales per Share Growth (3Y) 20.77%
Operating Cash Flow - Growth Ratge (3Y) 26.06%
As of May 31, 2025

Fund Details

Key Dates
Inception Date 11/1/1990
Last Annual Report Date 10/31/2024
Last Prospectus Date 12/30/2024
Share Classes
FECMX Inst
FEDMX A
FEMKX Direct Sold
FEMMX C
FEQMX M
FKEMX K
Attributes
Index Fund --
Inverse Fund --
Leveraged Fund --
Fund of Funds No
Currency Hedged Fund --
Synthetic Replication Fund No

Top Portfolio Holders

Name % Weight
Portfolio A 5.00%
Portfolio B 3.50%
Portfolio C 2.25%
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Excel Add-In Codes

Name: =YCI("M:FZEMX", "name")
Broad Asset Class: =YCI("M:FZEMX", "broad_asset_class")
Broad Category: =YCI("M:FZEMX", "broad_category_group")
Prospectus Objective: =YCI("M:FZEMX", "prospectus_objective")
To find the codes for any of our securities and financial metrics, see our Complete Excel Reference.
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