Address And Details

82 Devonshire St , Boston, MA 02109
Fund Manager Greg Lee
Manager Tenure 9 Years 10 Months

Strategy And Objective

The fund seeks capital appreciation. The Adviser normally invests at least 80% of the fund's assets in securities of issuers in emerging markets and other investments that are tied economically to emerging markets. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets with similar emerging characteristics. Emerging markets tend to have relatively low gross national product per capital compared to the world's major economies and may have the potential for rapid economic growth. The Adviser normally invests the fund's assets primarily in common stocks. The Adviser allocates the fund's assets across emerging market sectors, using different Fidelity managers to handle investments. At present, those sectors include consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, telecom services, and utilities. The Adviser expects the fund's sector allocations will approximate the sector weightings of the MSCI Emerging Markets SMID Cap Index. While the Adviser may overweight or underweight one or more sectors from time to time, the Adviser expects the returns of the fund to be driven primarily by the security selections of the managers of each sector. The Adviser normally allocates the fund's investments across different emerging market countries. The Adviser is not constrained by any particular investment style. At any given time, the Adviser may tend to buy "growth stocks or "value" stocks, or a combination of both types. In buying and selling securities for the fund, the Adviser relies on fundamental analysis, which involves a bottom-up assessment of a company's potential for success in light of factors including its financial condition, earnings outlook, strategy, management, industry position, and economic and market conditions. If the Adviser's strategies do not work as intended, the fund may not achieve its objective.

Net Asset Value

as of 5:22 PM ET 09/17/2021

Performance

  • 1 Week
  • -0.94%
  • 1 Month
  • +2.64%
  • 3 Months
  • -0.31%
  • 1 Yr Return
  • +31.24%
  • 5 Yr Return
  • +57.93%

Equity Sector Breakdown

IndustrialCyclical 20.00%
RetailTrade 13.38%
Finance 12.52%
Technology 7.33%
NonDurables 5.33%
Health 4.37%
Services 3.61%
ConsumerDurables 3.43%
Energy 2.90%
Utilities 1.96%

Asset Allocation

Asset Type % Of Allocation
Stocks 96.28%
ForeignStocks 90.82%
Preferred 1.04%
Cash 0.00%
Bonds 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 29.20 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -2.18 -3.30 n/a
Beta 0.94 0.88 n/a
R Squared 0.67 0.54 n/a
Std Deviation 21.22 18.01 n/a
Sharpe Ratio 0.71 0.66 n/a

Purchase Information

as of 5:17 PM ET 09/16/2021
Minimum Initial $0
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 06/30/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 06/30/2021
1 Year
  • +34.84%
  • +45.92%
+34.84% +45.92%
3 Year
  • +13.62%
  • +11.70%
+13.62% +11.70%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +8.38%
  • +8.56%
+8.38% +8.56%

Top 10 Holdings

Symbol Company Name % Of Assets
6415.TW SILERGY CORP 2.27%
CX CEMEX SAB SPONS ADR PART CER 1.95%
2382.HK SUNNY OPTICAL TECHNOLOGY 1.86%
GLOB GLOBANT SA 1.82%
2408.TW NANYA TECHNOLOGY CORP 1.57%
TITC TITAN CEMENT INTERNATIONAL SA 1.27%
3037 UNIMICRON TECHNOLOGY COR 1.27%
035720 KAKAO CORP 1.23%
FRLr.AT FOURLIS HOLDINGS 1.21%
JKCE.NS JK CEMENTS LTD 1.20%

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