Diversified Emerging Mkts

Summary

The investment seeks to provide investment results that correspond to the total return of emerging stock markets.
Fund Assets (millions) $13,607.0
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
1.0
Non-U.S. Stocks 0.0
98.9
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 4.4
4.4
As of 12/31/2025
Read important information about results and other investment disclosures
This chart tracks a hypothetical investment, with dividends reinvested, through January 31, 2026
FPADX
MSCI ACWI Ex USA NR USD

Market Capitalization

$0.0 Mil
Average

Giant
59.3%
Large
33.3%
Medium
7.2%
Small
0.3%
Micro
0.0%

As of 12/31/2025

Morningstar Ownership ZoneTM

Diversified Emerging Mkts
Weighted average of holdings
75% of fund's stock holdings
As of 12/31/25
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 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) $13,607.0
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 1/31/26

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 2.02
Price/Cash Flow 8.72
Price/Earnings 13.54
As of 1/31/2026

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 1/31/2026

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(705)
3-yr. Morningstar RatingTM
(705 funds rated)
5-yr. Morningstar RatingTM
(619 funds rated)
10-yr. Morningstar RatingTM
(462 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 1/31/2026.

Risk Measures

Fund
Standard Deviation
16.59
Sharpe Ratio
0.51
R-squared
78
Beta
1.02
Capture Ratio (Downside/Upside)
100/100
American Funds and Morningstar Benchmark for the 10 Years Years ending 1/31/26 R-squared, Beta and Capture Ratio calculated using the Morningstar EM TME NR USD.

Holdings

Equities Breakdown

Sectors
Equity Fund Holdings
 Technology 28.4%
Financial Services 22.0%
Consumer Cyclical 11.9%
Communication Services 9.4%
Basic Materials 7.1%
Industrials 7.0%
Energy 4.0%
Consumer Defensive 3.5%
Healthcare 3.3%
Utilities 2.2%
Real Estate 1.3%

Percentage of net assets as of 12/31/2025

Top 10 Holdings

Taiwan Semiconductor Manufacturing Co Ltd
11.6%
Tencent Holdings Ltd
4.7%
Samsung Electronics Co Ltd
3.8%
Fidelity Cash Central Fund
3.7%
Alibaba Group Holding Ltd Ordinary Shares
3.0%
MSCI Emerging Markets Index Future Mar 26
2.6%
SK Hynix Inc
2.4%
HDFC Bank Ltd
1.2%
Reliance Industries Ltd
1.0%
China Construction Bank Corp Class H
0.9%

Percentage of net assets as of 12/31/2025

Geographic Breakdown

Regions | Top Countries
Greater Asia
80.3%
Americas
8.1%
Greater Europe
2.7%
Percentage of net assets as of 12/31/2025

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 1.84%
Fund as of most recent prospectus. Morningstar Category as of 1/31/26.