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FSAMX Strategic Advisers® Emerging Markets

  • Fund
  • FSAMX
  • Price as of: Aug 08, 2016
  • $8.81
  • + $0.07
  • + 0.80%
  • Category
  • Emerging Markets Equities

FSAMX - Profile

Vitals

  • YTD Return 15.3%
  • 3 Yr Annualized Return -0.7%
  • 5 Yr Annualized Return -2.3%
  • Net Assets $4.76 B
  • Holdings in Top 10 58.1%

52 WEEK LOW AND HIGH

$8.81
$6.74
$8.81

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.50%

SALES FEES

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

BROKERAGE FEES

  • Turnover 41.00%

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 15.3%
  • 3 Yr Annualized Total Return -0.7%
  • 5 Yr Annualized Total Return -2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.25%
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 John R. Chisholm

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 15.3% -32.2% 261.5% 19.20% 1
1 Yr 0.3% -24.4% 25.4% 33.77% 2
3 Yr -0.7% * -9.8% 21.2% 57.53% 3
5 Yr -2.3% * -11.8% 7.4% 47.43% 3
10 Yr N/A * -2.0% 8.0% N/A N/A

* Annualized


Return Ranking - Calendar

Period FSAMX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -16.9% -47.4% 5.5% 64.72% 4
2014 N/A -6.6% -6.6% N/A N/A
2013 N/A 7.7% 7.7% N/A N/A
2012 N/A 20.4% 20.4% N/A N/A
2011 N/A -19.6% -19.6% N/A N/A

Total Return Ranking - Trailing

Period FSAMX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 15.3% -14.5% 261.5% 19.61% 2
1 Yr 0.3% -28.2% 21.4% 27.54% 2
3 Yr -0.7% * -10.9% 21.2% 51.16% 3
5 Yr -2.3% * -12.2% 7.4% 43.77% 3
10 Yr N/A * -2.0% 8.0% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period FSAMX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -16.9% -47.4% 5.5% 64.52% 4
2014 N/A -6.6% -6.6% N/A N/A
2013 N/A 8.4% 8.4% N/A N/A
2012 N/A 21.1% 21.1% N/A N/A
2011 N/A -18.5% -18.5% N/A N/A

NAV & Total Return History

FSAMX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

FSAMX Category Low Category High FSAMX % Rank Quintile
Net Assets 4.76 B 272 64.2 B 2.17% 1
Number of Holdings 586 1 4232 3.77% 1
Net Assets in Top 10 2.68 B 0 9.53 B 1.30% 1
Weighting of Top 10 58.1% 0.0% 181.6% 1.16% 1

Top 10 Holdings

  1. Lazard Emerging Markets Equity Instl 6.95%
  2. Aberdeen Emerging Markets Instl Svc 7.11%
  3. Fidelity® Emerging Markets 9.68%
  4. Oppenheimer Developing Markets I 5.02%
  5. Parametric Emerging Markets Investor 4.29%
  6. GMO Emerging Markets IV 3.53%
  7. Causeway Emerging Markets Investor 6.93%
  8. T. Rowe Price Emerging Markets Stock I 7.26%
  9. iShares MSCI China 4.20%
  10. Brandes Emerging Markets Value A 3.08%

Asset Allocation

Weighting Category Low Category High FSAMX % Rank Quintile
Stocks
96.44% 0.00% 100.40% 12.61% 3
Cash
2.53% -81.97% 100.00% 12.46% 3
Other
0.61% -1.37% 31.18% 16.96% 4
Preferred Stocks
0.42% 0.00% 9.90% 6.23% 1
Convertible Bonds
0.00% 0.00% 11.35% 0.87% 4
Bonds
0.00% 0.00% 98.05% 5.36% 4

Stock Sector Breakdown

Weighting Category Low Category High FSAMX % Rank Quintile
Financial Services
22.09% 0.00% 45.31% 9.75% 2
Technology
20.96% 0.00% 38.96% 10.63% 2
Consumer Cyclical
11.34% 0.00% 29.65% 14.70% 3
Consumer Defense
10.63% 0.00% 43.71% 12.66% 3
Energy
6.13% 0.00% 23.29% 10.77% 2
Basic Materials
5.70% 0.00% 15.64% 14.12% 2
Communication Services
5.43% 0.00% 20.02% 11.64% 3
Industrials
5.26% 0.00% 28.91% 19.07% 4
Utilities
3.06% 0.00% 53.57% 12.81% 2
Healthcare
2.63% 0.00% 20.10% 18.20% 4
Real Estate
2.33% 0.00% 11.28% 14.99% 3

Stock Geographic Breakdown

Weighting Category Low Category High FSAMX % Rank Quintile
Non US
94.76% 0.00% 100.52% 14.49% 3
US
1.68% -3.75% 99.89% 8.84% 2

FSAMX - Expenses

Operational Fees

FSAMX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.50% 0.08% 935.74% 39.83% 1
Management Fee 0.36% 0.03% 2.00% 8.55% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.55% N/A N/A

Sales Fees

FSAMX Fees (% of AUM) Category Low Category High FSAMX Rank Quintile
Front Load N/A 0.50% 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 0.50% 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 41.00% 0.00% 947.00% 12.94% 2

FSAMX - Distributions

Dividend Yield Analysis

FSAMX Category Low Category High FSAMX % Rank Quintile
Dividend Yield 0.1% 0.00% 3.56% 41.45% 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 1.25% -1.67% 5.89% 18.75% 2

Capital Gain Distribution Analysis

FSAMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

FSAMX - Managers

John R. Chisholm

Manager

Start Date

Sep 06, 2012

Tenure

3.9

Tenure Rank

6.5%

John joined Acadian in July 1987. He is our Chief Investment Officer and oversees Acadian’s investment process and investment team. He continues to actively manage Acadian portfolios and direct research to enhance our approach, as he has since 1987. Earlier in his career, John served as systems engineer at Draper Laboratories and as an analyst for the International Asset Management Department at the State Street Bank and Trust Company (now SSgA). A CFA charterholder, he is a member of the Boston Security Analysts Society. Education: B.S., Engineering, MIT; M.S., Management, MIT.


Matthew Vaight

Manager

Start Date

Mar 05, 2015

Tenure

1.41

Tenure Rank

10.1%

Matthew Vaight joined M&G’s UK equity desk in 1996. He is a member of the global equity team and is co-manager of the M&G Asian Fund and the M&G Global Emerging Markets Fund. In addition, he is co-manager of the Vanguard Precious Metals & Mining Fund. Matthew graduated from Oxford University with an honours degree in mathematics. He is a member of the UK Society of Investment Professionals (UKSIP).


Edward Robertson

Manager

Start Date

Jun 04, 2015

Tenure

1.16

Tenure Rank

10.6%

Edward is a founding partner of Somerset and lead portfolio manager of the firm’s flagship global emerging markets equity investment vehicle. Mr. Robertson is co-manager of Somerset’s emerging markets dividend growth strategy and is consulted on all portfolio decisions. Mr. Robertson joined LGM in 1999, built the global emerging markets product at LGM and managed a non-U.S. registered investment vehicle. Mr. Robertson is lead portfolio manager for Somerset’s global emerging markets strategy and co-manager of its global emerging markets small cap, small-mid cap, and dividend growth strategies.


John Chow

Manager

Start Date

Feb 22, 2016

Tenure

0.44

Tenure Rank

11.5%

John Chow, CFA,Portfolio Manager, is a portfolio manager at Pyramis Global Advisors, a unit of Fidelity Investments. John has managed assets for institutional and individual investors since 1997 and, currently manages large cap core assets for institutional clients. John joined Fidelity's quantitative equity group in 1994 developing quantitative stock selection models for U.S. and international markets. From 1997 to 2000, he managed Canadian equity portfolios available exclusively to Canadian investors.


César Hernandez

Manager

Start Date

Feb 22, 2016

Tenure

0.44

Tenure Rank

11.5%

César Hernández is a portfolio manager for Pyramis Global Advisors, a Fidelity Investments company. He has been responsible for managing Select International portfolios on behalf of institutional investors around the world since the discipline's inception in 1989. Mr. Hernández received a BSc from the Universidad Simón Bolívar and an MA in business administration from Babson College. He is a CFA charterholder and a member of the Boston Security Analysts Society.


Wilfred Chilangwa

Lead Manager

Start Date

Sep 30, 2010

Tenure

5.84

Tenure Rank

4.8%

Chilangwa, Jr. is co-manager of PAS International. Since joining Fidelity Investments in 1997, he has served as portfolio strategist for Strategic Advisers.


Tenure Analysis

Category Low

0.0

Category High

24.8

Category Average

4.78

Category Mode

1.6