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FSAMX Strategic Advisers® Emerging Markets

  • Fund
  • FSAMX
  • Price as of: Jan 18, 2019
  • $9.92
  • + $0.08
  • + 0.81%
  • Category
  • Emerging Markets Equities

FSAMX - Profile

Vitals

  • YTD Return 6.2%
  • 3 Yr Annualized Return 8.4%
  • 5 Yr Annualized Return 1.0%
  • Net Assets $4.25 B
  • Holdings in Top 10 35.9%

52 WEEK LOW AND HIGH

$9.92
$9.12
$12.57

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.70%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 31.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Emerging Markets Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Diversified Emerging Mkts

Distributions

  • YTD Total Return 6.2%
  • 3 Yr Annualized Total Return 8.4%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.36%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Strategic Advisers® Emerging Markets Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Sep 30, 2010
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Wilfred Chilangwa

Fund Description

The fund normally invests at least 80% of assets in securities of issuers in emerging markets (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) and other investments that are tied economically to emerging markets and in shares of other emerging markets equity funds. It primarily invests in common stocks. The fund allocates investments across different emerging market countries.

FSAMX - Performance

Return Ranking - Trailing

Period FSAMX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.2% -37.5% 38.1% 29.82% 2
1 Yr -17.1% -38.0% 57.7% 61.72% 4
3 Yr 8.4% * -13.2% 14.5% 19.94% 1
5 Yr 1.0% * -11.8% 13.1% 49.45% 3
10 Yr N/A * -4.6% 12.4% N/A N/A

* Annualized


Return Ranking - Calendar

Period FSAMX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -18.5% -41.9% 248.4% 53.45% 3
2017 36.6% -40.7% 130.6% 29.86% 2
2016 9.8% -28.0% 241.4% 21.04% 2
2015 -16.9% -47.4% 15.1% 65.99% 4
2014 -3.9% -40.7% 42.6% 41.65% 3

Total Return Ranking - Trailing

Period FSAMX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.2% -100.0% 38.1% 29.99% 2
1 Yr -17.1% -28.2% 55.8% 55.93% 3
3 Yr 8.4% * -11.1% 14.5% 18.17% 1
5 Yr 1.0% * -12.2% 13.1% 44.51% 3
10 Yr N/A * -4.6% 12.4% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period FSAMX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -18.5% -41.9% 248.4% 54.15% 3
2017 36.6% -24.0% 132.6% 30.21% 2
2016 9.8% -23.6% 242.0% 22.62% 2
2015 -15.9% -24.6% 43.0% 69.52% 4
2014 -2.4% -36.9% 60.9% 45.26% 3

NAV & Total Return History

FSAMX - Holdings

Filings data as of: Nov 30, 2018

Concentration Analysis

FSAMX Category Low Category High FSAMX % Rank Quintile
Net Assets 4.25 B 272 75.6 B 3.04% 1
Number of Holdings 672 1 5103 3.19% 1
Net Assets in Top 10 1.77 B -136 M 14.8 B 2.61% 1
Weighting of Top 10 35.9% 0.0% 523.7% 10.72% 2

Top 10 Holdings

  1. Fidelity® Emerging Markets 6.70%
  2. Oppenheimer Developing Markets I 2.32%
  3. iShares MSCI China ETF 3.31%
  4. Samsung Electronics Co Ltd 2.67%
  5. Goldman Sachs Emerging Markets Eq Instl 2.83%
  6. Msci Emgmkt Fut Dec18 Mesz8 7.39%
  7. iShares Edge MSCI Min Vol Emerg Mkts ETF 4.77%
  8. GMO Emerging Markets IV 1.76%
  9. Tencent Holdings Ltd 2.42%
  10. Taiwan Semiconductor Manufacturing Co Ltd 1.71%

Asset Allocation

Weighting Category Low Category High FSAMX % Rank Quintile
Stocks
90.07% 0.00% 100.93% 26.52% 5
Cash
9.56% -68.34% 100.00% 3.04% 1
Other
0.21% -6.58% 31.18% 14.78% 3
Preferred Stocks
0.08% 0.00% 14.58% 8.84% 2
Bonds
0.05% -54.96% 92.82% 6.38% 1
Convertible Bonds
0.03% 0.00% 20.20% 2.17% 1

Stock Sector Breakdown

Weighting Category Low Category High FSAMX % Rank Quintile
Financial Services
22.35% 0.00% 47.62% 16.84% 3
Technology
20.76% 0.00% 37.10% 17.27% 3
Consumer Cyclical
9.61% 0.00% 31.99% 20.32% 4
Consumer Defense
6.90% 0.00% 50.94% 19.30% 3
Energy
5.77% 0.00% 22.25% 15.09% 3
Basic Materials
5.14% 0.00% 20.24% 21.19% 4
Industrials
3.62% 0.00% 27.34% 25.83% 4
Communication Services
3.32% 0.00% 20.02% 17.27% 3
Real Estate
1.80% 0.00% 9.07% 16.11% 3
Healthcare
1.71% 0.00% 14.72% 21.92% 4
Utilities
1.55% 0.00% 53.81% 16.55% 3

Stock Geographic Breakdown

Weighting Category Low Category High FSAMX % Rank Quintile
Non US
89.17% 0.00% 101.01% 27.68% 5
US
0.90% -3.75% 100.54% 12.90% 3

Bond Sector Breakdown

Weighting Category Low Category High FSAMX % Rank Quintile
Cash & Equivalents
9.47% -39.14% 100.00% 2.90% 1
Corporate
0.15% 0.00% 38.02% 11.90% 2
Derivative
0.08% -49.59% 7.66% 2.03% 1
Government
0.02% -84.06% 84.31% 4.06% 1
Securitized
0.00% 0.00% 41.73% 1.16% 4
Municipal
0.00% 0.00% 1.50% 1.02% 4

Bond Geographic Breakdown

Weighting Category Low Category High FSAMX % Rank Quintile
Non US
0.03% -116.08% 91.30% 4.64% 1
US
0.02% -100.01% 132.21% 4.64% 1

FSAMX - Expenses

Operational Fees

FSAMX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.70% 0.05% 935.74% 35.37% 1
Management Fee 0.51% 0.00% 2.00% 9.42% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.85% N/A N/A

Sales Fees

FSAMX Fees (% of AUM) Category Low Category High FSAMX Rank Quintile
Front Load N/A 0.40% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

FSAMX Fees (% of AUM) Category Low Category High FSAMX Rank Quintile
Max Redemption Fee N/A 0.40% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FSAMX Fees (% of AUM) Category Low Category High FSAMX Rank Quintile
Turnover 31.00% 0.00% 947.00% 15.43% 2

FSAMX - Distributions

Dividend Yield Analysis

FSAMX Category Low Category High FSAMX % Rank Quintile
Dividend Yield 0.1% 0.00% 4.05% 40.74% 3

Dividend Distribution Analysis

FSAMX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FSAMX Category Low Category High FSAMX % Rank Quintile
Net Income Ratio 1.36% -1.60% 5.89% 17.61% 2

Capital Gain Distribution Analysis

FSAMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

FSAMX - Managers

Wilfred Chilangwa

Lead Manager

Start Date

Sep 30, 2010

Tenure

8.26

Tenure Rank

4.7%

Since joining Fidelity Investments in 1997, Mr. Chilangwa has worked as a senior fund analyst, an international strategist, and a portfolio manager.


Tenure Analysis

Category Low

0.0

Category High

25.1

Category Average

5.86

Category Mode

4.0