Diversified Emerging Mkts

Summary

The investment seeks capital appreciation.
Fund Assets (millions) $6,927.4
Portfolio Managers 1
Fund Inception Nov 1, 1990
Gross Expense Ratio 0.87%
Fund Family Fidelity Investments
Prospectus (PDF)

Returns at NAV

Returns at MOP

Asset Mix

Short % 0% Long %
U.S. Stocks 0.0
5.3
Non-U.S. Stocks 0.0
93.6
U.S. Bonds 0.0
0.0
Non-U.S. Bonds 0.0
0.4
Convertible 0.0
0.0
Preferred 0.0
0.0
Other 0.0
0.4
Cash 0.4
0.7
As of 3/31/2025
Read important information about results and other investment disclosures
This chart tracks a hypothetical investment, with dividends reinvested, shown from the share class inception date through April 30, 2025
FECMX
MSCI ACWI Ex USA NR USD

Market Capitalization

$0.0 Mil
Average

Giant
69.0%
Large
19.7%
Medium
10.2%
Small
0.2%
Micro
0.9%

As of 3/31/2025

Morningstar Ownership ZoneTM

Diversified Emerging Mkts
Weighted average of holdings
75% of fund's stock holdings
As of 3/31/25
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Investment Strategy

The fund invests normally at least 80% of assets in securities of issuers in emerging markets and other investments that are tied economically to emerging markets. It invests normally in common stocks and allocates investments across different emerging markets countries. The advisor uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.

Fund Facts

Fund Inception Nov 1, 1990
Fund Assets (Millions) $6,927.4
Dividend Distribution Frequency Annually
Minimum Investment $0
Capital Gains Distribution Frequency Annually
Turnover 46%
Fiscal Year-End Oct
Prospectus Date Dec 30, 2024

Returns

Month-End Returns as of 4/30/25

Returns at NAV
| at MOP
Read important information about results and other investment disclosures
FECMX
MSCI ACWI Ex USA NR USD
ANNUAL RETURNS CHART

Quarter-End Returns as of 3/31/25

Yield & Valuation

12-Month Distribution Rates (NAV)
--
30-Day SEC Yield (Gross | Net) -- | --
Price/Book 2.93
Price/Cash Flow 8.61
Price/Earnings 15.76
As of 4/30/2025

Portfolio Management

Read important investment disclosures
Years of Experience With Fund
John Dance 6 yrs
As of 4/30/2025

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(722)
3-yr. Morningstar RatingTM
(722 funds rated)
5-yr. Morningstar RatingTM
(639 funds rated)
10-yr. Morningstar RatingTM
(440 funds rated)
Overall Morningstar Risk Above Average
HIGH
LOW
Morningstar Category
Diversified Emerging Mkts
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 4/30/2025.

Risk Measures

Fund
Standard Deviation
17.04
Sharpe Ratio
0.29
R-squared
77
Beta
1.00
Capture Ratio (Downside/Upside)
97/101
American Funds and Morningstar Benchmark for the 10 Years Years ending 4/30/25 R-squared, Beta and Capture Ratio calculated using the Morningstar EM TME NR USD.

Holdings

Equities Breakdown

Sectors
Equity Fund Holdings
 Technology 28.3%
Financial Services 16.8%
Consumer Cyclical 16.7%
Communication Services 12.7%
Industrials 8.5%
Energy 6.1%
Healthcare 4.3%
Consumer Defensive 3.7%
Utilities 1.7%
Real Estate 0.6%
Basic Materials 0.5%

Percentage of net assets as of 3/31/2025

Top 10 Holdings

Taiwan Semiconductor Manufacturing Co Ltd
13.1%
Tencent Holdings Ltd
9.0%
NVIDIA Corp
3.3%
Alibaba Group Holding Ltd ADR
3.1%
PDD Holdings Inc ADR
2.9%
HDFC Bank Ltd
2.9%
Samsung Electronics Co Ltd
2.8%
PT Bank Central Asia Tbk
2.7%
SK Hynix Inc
2.3%
Reliance Industries Ltd
2.1%

Percentage of net assets as of 3/31/2025

Geographic Breakdown

Regions | Top Countries
Greater Asia
73.7%
Americas
14.1%
Greater Europe
8.2%
Percentage of net assets as of 3/31/2025

Fees & Expenses

Fees

Annual Management Fees 0.85%
Service 12b-1 --
Maximum Sales Charge --
As of each fund's most recent prospectus.

Expense Ratio

Gross
FECMX 0.87%
Morningstar Category: Diversified Emerging Mkts 1.97%
Fund as of most recent prospectus. Morningstar Category as of 4/30/25.