Diversified Emerging Mkts

Summary

The investment seeks capital appreciation.
Fund Assets (millions) $8,950.6
Portfolio Managers 1
Fund Inception Nov 1, 1990
Expense Ratio
(Gross/Net %) 0.88 / 0.88%
Fund Family Fidelity Investments
Prospectus (PDF)

Returns at NAV

Returns at MOP

Asset Mix

Short % 0% Long %
U.S. Stocks 0.0
5.0
Non-U.S. Stocks 0.0
94.6
U.S. Bonds 0.0
0.0
Non-U.S. Bonds 0.0
0.3
Convertible 0.0
0.0
Preferred 0.0
0.0
Other 0.0
0.3
Cash 1.2
1.0
As of 9/30/2024
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 October 31, 2024
FECMX
MSCI ACWI Ex USA NR USD

Market Capitalization

$0.0 Mil
Average

Giant
68.1%
Large
20.6%
Medium
9.1%
Small
0.9%
Micro
1.4%

As of 9/30/2024

Morningstar Ownership ZoneTM

Diversified Emerging Mkts
Weighted average of holdings
75% of fund's stock holdings
As of 9/30/24
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) $8,950.6
Dividend Distribution Frequency Annually
Minimum Investment $250
Capital Gains Distribution Frequency Annually
Turnover 23%
Fiscal Year-End Oct
Prospectus Date Dec 30, 2023

Returns

Month-End Returns as of 10/31/24

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 9/30/24

Yield & Valuation

12-Month Distribution Rates (NAV)
--
30-Day SEC Yield (Gross | Net) -- | --
Price/Book 3.38
Price/Cash Flow 12.56
Price/Earnings 17.53
As of 10/31/2024

Portfolio Management

Read important investment disclosures
Years of Experience With Fund
John Dance 5 yrs
As of 10/31/2024

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(709)
3-yr. Morningstar RatingTM
(709 funds rated)
5-yr. Morningstar RatingTM
(637 funds rated)
10-yr. Morningstar RatingTM
(426 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 10/31/2024.

Risk Measures

Fund
Standard Deviation
17.08
Sharpe Ratio
0.33
R-squared
77
Beta
1.00
Capture Ratio (Downside/Upside)
96/102
American Funds and Morningstar Benchmark for the 10 Years Years ending 10/31/24 R-squared, Beta and Capture Ratio calculated using the Morningstar EM TME NR USD.

Holdings

Equities Breakdown

Sectors
Equity Fund Holdings
 Technology 30.5%
Financial Services 16.7%
Consumer Cyclical 13.5%
Communication Services 10.2%
Industrials 7.0%
Energy 6.2%
Healthcare 6.1%
Consumer Defensive 5.0%
Utilities 2.3%
Basic Materials 2.1%
Real Estate 0.5%

Percentage of net assets as of 9/30/2024

Top 10 Holdings

Taiwan Semiconductor Manufacturing Co Ltd
12.1%
Tencent Holdings Ltd
6.8%
Samsung Electronics Co Ltd
3.6%
NVIDIA Corp
3.4%
PDD Holdings Inc ADR
3.1%
PT Bank Central Asia Tbk
3.1%
Meituan Class B
2.7%
HDFC Bank Ltd
2.5%
Reliance Industries Ltd
2.4%
Kweichow Moutai Co Ltd Class A
2.3%

Percentage of net assets as of 9/30/2024

Geographic Breakdown

Regions | Top Countries
Greater Asia
71.3%
Americas
15.1%
Greater Europe
9.0%
Percentage of net assets as of 9/30/2024

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 Net
FECMX 0.88% 0.88%
Morningstar Category: Diversified Emerging Mkts 2.03% 1.12%
Fund as of most recent prospectus. Morningstar Category as of 10/31/24.