Morningstar

Fidelity Advisor Focused Emerging Markets Fund - Class Z FZAEX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 50.64  /  −1.29 %
  • Total Assets 13.9B
  • Adj. Expense Ratio
    0.800%
  • Expense Ratio 0.800%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Diversified Emerging Mkts
  • Investment Style Large Blend
  • Min. Initial Investment 0
  • Status Limited
  • TTM Yield 1.29%
  • Turnover 58%

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 4:51 AM GMT+0

Morningstar’s Analysis FZAEX

Will FZAEX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FZAEX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FZAEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FZAEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Conviction with control.

Sbidag Demerjian

Sbidag Demerjian

Summary

Fidelity Advisor Focused Emerging Markets benefits from experienced leadership and a well-defined, research-driven process. The strategy, which is closed to new investors after strong inflows and performance made it one of the larger strategies in the diversified emerging-markets Morningstar Category, earns Above Average People and Process ratings.

by Sbidag Demerjian
Rated on Published on

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Portfolio Holdings FZAEX

More FZAEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 43.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Samsung Electronics Co Ltd

11.53 2B
Technology

Taiwan Semiconductor Manufacturing Co Ltd

9.90 1B
Technology

MediaTek Inc

4.40 604M
Technology

Tencent Holdings Ltd

4.09 561M
Communication Services

Yageo Corp

3.28 450M
Technology

Delta Electronics Inc

2.82 387M
Technology

ASE Technology Holding Co Ltd

2.09 287M
Technology

Fidelity Cash Central Fund

2.07 284M
Cash and Equivalents

Astor Enerji AS

1.91 262M
Industrials

Credicorp Ltd

1.91 262M
Financial Services

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