Diversified Emerging Mkts

Summary

The investment seeks to provide investment results that correspond to the total return of emerging stock markets.
Fund Assets (millions) $12,449.1
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

U.S. Stocks 0.68%
Non-U.S. Stocks 97.21%
U.S. Bonds 0.00%
Non-U.S. Bonds 0.00%
Convertible 0.00%
Preferred 0.07%
Other 0.00%
Cash 2.05%
As of 11/30/2025
Read important information about results and other investment disclosures
This chart tracks a hypothetical investment, with dividends reinvested, through December 31, 2025
FPADX
MSCI ACWI Ex USA NR USD

Market Capitalization

$0.0 Mil
Average

Giant
58.7%
Large
33.8%
Medium
7.3%
Small
0.2%
Micro
0.0%

As of 11/30/2025

Morningstar Ownership ZoneTM

Diversified Emerging Mkts
Weighted average of holdings
75% of fund's stock holdings
As of 11/30/25
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 index is a market capitalization-weighted index designed to measure the performance of large and medium-capitalization companies domiciled in emerging markets countries across the world.

Fund Facts

Fund Inception Sep 8, 2011
Fund Assets (Millions) $12,449.1
Dividend Distribution Frequency Annually
Minimum Investment $0
Capital Gains Distribution Frequency Annually
Turnover 4%
Fiscal Year-End Oct
Prospectus Date Dec 30, 2025

Returns

Month-End Returns as of 12/31/25

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 12/31/25

Yield & Valuation

12-Month Distribution Rates (NAV)
--
30-Day SEC Yield (Gross | Net) -- | --
Price/Book 1.98
Price/Cash Flow 8.61
Price/Earnings 13.51
As of 12/31/2025

Portfolio Management

Read important investment disclosures
Years of Experience With Fund
Louis Bottari 14 yrs
Peter Matthew 13 yrs
Robert Regan 9 yrs
Payal Gupta 6 yrs
Navid Sohrabi 6 yrs
As of 12/31/2025

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(704)
3-yr. Morningstar RatingTM
(704 funds rated)
5-yr. Morningstar RatingTM
(620 funds rated)
10-yr. Morningstar RatingTM
(460 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 12/31/2025.

Risk Measures

Fund
Standard Deviation
16.56
Sharpe Ratio
0.43
R-squared
78
Beta
1.01
Capture Ratio (Downside/Upside)
99/99
American Funds and Morningstar Benchmark for the 10 Years Years ending 12/31/25 R-squared, Beta and Capture Ratio calculated using the Morningstar EM TME NR USD.

Holdings

Equities Breakdown

Sectors
Equity Fund Holdings
 Technology 26.9%
Financial Services 22.2%
Consumer Cyclical 12.3%
Communication Services 9.7%
Industrials 7.1%
Basic Materials 6.8%
Energy 4.1%
Healthcare 3.6%
Consumer Defensive 3.6%
Utilities 2.3%
Real Estate 1.4%

Percentage of net assets as of 11/30/2025

Top 10 Holdings

Taiwan Semiconductor Manufacturing Co Ltd
11.0%
Tencent Holdings Ltd
4.9%
Alibaba Group Holding Ltd Ordinary Shares
3.3%
Samsung Electronics Co Ltd
3.2%
Fidelity Cash Central Fund
2.0%
SK Hynix Inc
1.9%
MSCI Emerging Markets Index Future Dec 25
1.4%
HDFC Bank Ltd
1.2%
Reliance Industries Ltd
1.0%
China Construction Bank Corp Class H
1.0%

Percentage of net assets as of 11/30/2025

Geographic Breakdown

Regions | Top Countries
Greater Asia
80.1%
Americas
8.1%
Greater Europe
2.6%
Percentage of net assets as of 11/30/2025

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 1.85%
Fund as of most recent prospectus. Morningstar Category as of 12/31/25.