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 52.68  /  +0.69 %
  • Total Assets 13.5B
  • 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 1.34%
  • Turnover 58%

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:11 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 40.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Taiwan Semiconductor Manufacturing Co Ltd

10.14 1B
Technology

Samsung Electronics Co Ltd

9.48 1B
Technology

MediaTek Inc

4.51 615M
Technology

Tencent Holdings Ltd

4.35 593M
Communication Services

China Life Insurance Co Ltd Class H

2.37 323M
Financial Services

Luxshare Precision Industry Co Ltd Class A

2.21 302M
Technology

Credicorp Ltd

2.13 290M
Financial Services

Anglogold Ashanti PLC

1.97 269M
Basic Materials

Saudi Arabian Oil Co

1.89 257M
Energy

Contemporary Amperex Technology Co Ltd Class A

1.87 255M
Industrials

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