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FSAMX Strategic Advisers® Emerging Markets

  • Fund
  • FSAMX
  • Price as of: Sep 20, 2019
  • $10.35 + $0.02 + 0.19%

FSAMX - Profile

Vitals

  • YTD Return 10.8%
  • 3 Yr Annualized Return 4.5%
  • 5 Yr Annualized Return 0.6%
  • Net Assets $4.78 B
  • Holdings in Top 10 35.5%

52 WEEK LOW AND HIGH

$10.35
$9.12
$10.74

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.66%

SALES FEES

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

BROKERAGE FEES

  • Turnover 57.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 10.8%
  • 3 Yr Annualized Total Return 5.3%
  • 5 Yr Annualized Total Return 1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.60%
DIVIDENDS
  • Dividend Yield 1.6%
  • 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 (%)
YTD 10.8% -7.3% 27.7% 43.17%
1 Yr 0.3% -24.7% 21.9% 40.47%
3 Yr 4.5%* -15.0% 10.3% 34.72%
5 Yr 0.6%* -19.9% 24.0% 43.63%
10 Yr N/A* -10.4% 10.7% N/A

* Annualized


Return Ranking - Calendar

Period FSAMX Return Category Return Low Category Return High Rank in Category (%)
2018 -18.5% -41.9% 1.7% 48.16%
2017 36.6% 0.0% 50.3% 36.55%
2016 9.8% -10.1% 241.4% 27.50%
2015 -16.9% -33.4% -1.5% 67.81%
2014 -3.9% -46.3% 32.9% 43.30%

Total Return Ranking - Trailing

Period FSAMX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.8% -7.3% 27.7% 43.17%
1 Yr 0.3% -24.7% 21.9% 47.57%
3 Yr 5.3%* -15.0% 11.5% 37.71%
5 Yr 1.7%* -19.9% 27.9% 40.50%
10 Yr N/A* -10.4% 15.3% N/A

* Annualized


Total Return Ranking - Calendar

Period FSAMX Return Category Return Low Category Return High Rank in Category (%)
2018 -18.5% -41.9% 1.7% 54.19%
2017 38.4% 0.0% 50.4% 34.18%
2016 11.2% -10.0% 249.7% 26.62%
2015 -15.8% -33.4% -1.5% 65.79%
2014 -2.3% -46.2% 32.9% 40.67%

NAV & Total Return History

FSAMX - Holdings

Concentration Analysis

FSAMX Category Low Category High FSAMX % Rank
Net Assets 4.78 B 942 K 83.3 B 8.90%
Number of Holdings 717 2 5002 5.58%
Net Assets in Top 10 1.81 B 145 K 16.5 B 7.97%
Weighting of Top 10 35.51% 4.3% 98.4% 34.00%

Top 10 Holdings

  1. Fidelity® Emerging Markets 7.51%

  2. Fidelity® SAI Em Mkts Lw Vol Idx 4.79%

  3. mini MSCI Emerging Markets Index Futures Sept19 4.14%

  4. iShares MSCI China ETF 3.25%

  5. Tencent Holdings Ltd 3.07%

  6. Goldman Sachs Emerging Markets Eq Instl 2.99%

  7. Samsung Electronics Co Ltd 2.79%

  8. Invesco Oppenheimer Developing Mkts R6 2.48%

  9. Alibaba Group Holding Ltd ADR 2.47%

  10. Aberdeen Emerging Markets Instl Svc 2.03%


Asset Allocation

Weighting Return Low Return High FSAMX % Rank
Stocks
93.58% 74.96% 103.16% 87.25%
Cash
6.17% -8.77% 23.79% 11.29%
Other
0.18% -3.83% 10.03% 18.86%
Preferred Stocks
0.02% 0.00% 2.81% 11.29%
Convertible Bonds
0.02% 0.00% 2.92% 6.24%
Bonds
0.02% -0.01% 3.89% 11.69%

Stock Sector Breakdown

Weighting Return Low Return High FSAMX % Rank
Financial Services
24.91% 1.61% 50.65% 44.75%
Technology
24.26% 0.00% 46.63% 33.60%
Consumer Cyclical
11.64% 0.53% 33.75% 56.97%
Consumer Defense
8.38% 0.00% 48.06% 41.43%
Energy
5.56% 0.00% 23.78% 50.07%
Basic Materials
4.78% 0.00% 16.68% 54.32%
Industrials
4.29% 0.00% 20.96% 66.40%
Communication Services
3.11% 0.00% 19.90% 40.37%
Real Estate
2.44% 0.00% 11.95% 46.75%
Healthcare
2.21% 0.00% 20.27% 58.57%
Utilities
1.80% 0.00% 13.37% 45.15%

Stock Geographic Breakdown

Weighting Return Low Return High FSAMX % Rank
Non US
92.47% 66.71% 131.33% 82.87%
US
1.11% -32.60% 17.55% 35.99%

Bond Sector Breakdown

Weighting Return Low Return High FSAMX % Rank
Cash & Equivalents
6.62% -8.77% 23.79% 9.16%
Corporate
0.04% -0.01% 5.38% 20.32%
Government
0.02% 0.00% 3.63% 8.63%
Securitized
0.00% 0.00% 0.17% 12.22%
Municipal
0.00% 0.00% 0.00% 11.02%
Derivative
-0.45% -8.34% 4.40% 98.80%

Bond Geographic Breakdown

Weighting Return Low Return High FSAMX % Rank
US
0.02% 0.00% 1.41% 4.78%
Non US
0.00% -0.01% 3.89% 17.80%

FSAMX - Expenses

Operational Fees

FSAMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.66% 0.04% 124.05% 96.18%
Management Fee 0.55% 0.00% 2.00% 6.63%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

FSAMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.20% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FSAMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 57.00% 2.00% 254.00% 59.08%

FSAMX - Distributions

Dividend Yield Analysis

FSAMX Category Low Category High FSAMX % Rank
Dividend Yield 1.56% 0.00% 23.46% 23.47%

Dividend Distribution Analysis

FSAMX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History


Net Income Ratio Analysis

FSAMX Category Low Category High FSAMX % Rank
Net Income Ratio 1.60% -1.69% 5.73% 26.74%

Capital Gain Distribution Analysis

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

FSAMX - Managers

Wilfred Chilangwa

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2010

8.92

8.9%

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

25.74

Category Average

5.65

Category Mode

10.67