Diversified Emerging Mkts

Summary

The investment seeks to provide investment results that correspond to the total return of emerging stock markets.
Fund Assets (millions) $9,758.8
Portfolio Managers 5
Fund Inception Sep 8, 2011
Gross Expense Ratio 0.08%
Fund Family Fidelity Investments
Prospectus (PDF)

Returns at NAV

Returns at MOP

Asset Mix

Short % 0% Long %
U.S. Stocks 0.0
0.5
Non-U.S. Stocks 0.0
97.5
U.S. Bonds 0.0
0.0
Non-U.S. Bonds 0.0
0.0
Convertible 0.0
0.0
Preferred 0.0
0.1
Other 0.0
0.0
Cash 0.1
2.1
As of 5/31/2025
Read important information about results and other investment disclosures
This chart tracks a hypothetical investment, with dividends reinvested, through June 30, 2025
FPADX
MSCI ACWI Ex USA NR USD

Market Capitalization

$0.0 Mil
Average

Giant
58.3%
Large
34.5%
Medium
7.1%
Small
0.2%
Micro
0.0%

As of 5/31/2025

Morningstar Ownership ZoneTM

Diversified Emerging Mkts
Weighted average of holdings
75% of fund's stock holdings
As of 5/31/25
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Investment Strategy

The fund normally invests at least 80% of the fund's assets in securities included in the MSCI Emerging Markets Index and in depositary receipts representing securities included in the index. The adviser uses statistical sampling techniques based on such factors as capitalization, industry exposures, dividend yield, price/earnings (P/E) ratio, price/book (P/B) ratio, earnings growth, country weightings, and the effect of foreign taxes to attempt to replicate the returns of the index.

Fund Facts

Fund Inception Sep 8, 2011
Fund Assets (Millions) $9,758.8
Dividend Distribution Frequency Annually
Minimum Investment $0
Capital Gains Distribution Frequency Annually
Turnover 5%
Fiscal Year-End Oct
Prospectus Date Dec 30, 2024

Returns

Month-End Returns as of 6/30/25

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

Quarter-End Returns as of 6/30/25

Yield & Valuation

12-Month Distribution Rates (NAV)
--
30-Day SEC Yield (Gross | Net) -- | --
Price/Book 1.69
Price/Cash Flow 7.47
Price/Earnings 12.75
As of 6/30/2025

Portfolio Management

Read important investment disclosures
Years of Experience With Fund
Louis Bottari 13 yrs
Peter Matthew 12 yrs
Robert Regan 8 yrs
Payal Gupta 6 yrs
Navid Sohrabi 5 yrs
As of 6/30/2025

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(711)
3-yr. Morningstar RatingTM
(711 funds rated)
5-yr. Morningstar RatingTM
(629 funds rated)
10-yr. Morningstar RatingTM
(453 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Morningstar Category
Diversified Emerging Mkts
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 6/30/2025.

Risk Measures

Fund
Standard Deviation
17.04
Sharpe Ratio
0.22
R-squared
78
Beta
1.01
Capture Ratio (Downside/Upside)
104/96
American Funds and Morningstar Benchmark for the 10 Years Years ending 6/30/25 R-squared, Beta and Capture Ratio calculated using the Morningstar EM TME NR USD.

Holdings

Equities Breakdown

Sectors
Equity Fund Holdings
 Financial Services 24.5%
Technology 22.8%
Consumer Cyclical 13.4%
Communication Services 10.0%
Industrials 6.9%
Basic Materials 5.6%
Consumer Defensive 4.5%
Energy 4.5%
Healthcare 3.6%
Utilities 2.6%
Real Estate 1.6%

Percentage of net assets as of 5/31/2025

Top 10 Holdings

Taiwan Semiconductor Manufacturing Co Ltd
9.2%
Tencent Holdings Ltd
4.8%
Alibaba Group Holding Ltd Ordinary Shares
2.7%
Samsung Electronics Co Ltd
2.3%
Fidelity Cash Central Fund
2.0%
HDFC Bank Ltd
1.5%
Msci Emgmkt Fut Jun25 Mesm5
1.5%
Xiaomi Corp Class B
1.2%
Reliance Industries Ltd
1.2%
ICICI Bank Ltd
1.0%

Percentage of net assets as of 5/31/2025

Geographic Breakdown

Regions | Top Countries
Greater Asia
79.7%
Americas
7.7%
Greater Europe
2.8%
Percentage of net assets as of 5/31/2025

Fees & Expenses

Fees

Annual Management Fees 0.08%
Service 12b-1 --
Maximum Sales Charge --
As of each fund's most recent prospectus.

Expense Ratio

Gross
FPADX 0.08%
Morningstar Category: Diversified Emerging Mkts 1.93%
Fund as of most recent prospectus. Morningstar Category as of 6/30/25.