Fidelity Emerging Markets Discovery Fund (FEDDX)
The investment seeks capital appreciation. The fund invests at least 80% of its 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. It normally invests primarily in common stocks.
Fund Info
US31618H5494
31618H549
Nov 1, 2011
$0
Mid-Cap
Blend
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Emerging Markets Discovery Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Emerging Markets Discovery Fund had a return of -1.89% year-to-date (YTD) and 3.64% in the last 12 months. Over the past 10 years, Fidelity Emerging Markets Discovery Fund had an annualized return of 5.30%, while the S&P 500 had an annualized return of 11.16%, indicating that Fidelity Emerging Markets Discovery Fund did not perform as well as the benchmark.
FEDDX
-1.89%
-5.18%
-3.42%
3.64%
6.74%
5.30%
^GSPC (Benchmark)
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Monthly Returns
The table below presents the monthly returns of FEDDX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -6.15% | 4.60% | 1.92% | -0.24% | 0.00% | 1.95% | 0.30% | 0.72% | 4.38% | -6.01% | -1.89% | ||
| 2023 | 7.70% | -3.34% | 1.04% | 2.39% | -1.60% | 6.45% | 4.40% | -5.56% | -0.84% | -3.46% | 7.84% | 5.17% | 20.76% |
| 2022 | -2.25% | -1.85% | -0.52% | -5.42% | 1.80% | -8.55% | 2.82% | 0.79% | -9.38% | 2.61% | 10.63% | -1.57% | -11.83% |
| 2021 | 1.37% | 1.82% | 0.40% | 4.65% | 3.84% | 1.95% | -2.43% | 2.23% | -4.05% | -0.00% | -3.90% | 1.01% | 6.65% |
| 2020 | -3.32% | -5.36% | -22.05% | 11.05% | 5.06% | 10.55% | 5.33% | 2.50% | -2.37% | -0.07% | 10.84% | 8.91% | 16.96% |
| 2019 | 7.60% | 1.29% | 1.50% | 0.74% | -4.55% | 5.30% | -0.37% | -3.37% | 1.52% | 2.69% | -0.22% | 6.61% | 19.60% |
| 2018 | 6.90% | -3.41% | 0.82% | -2.31% | -3.01% | -5.21% | -0.21% | -5.02% | -2.65% | -8.68% | 4.71% | -1.68% | -18.90% |
| 2017 | 6.22% | 4.37% | 3.95% | 2.13% | 2.08% | 0.88% | 3.68% | 2.79% | 0.07% | 2.44% | -0.33% | 4.31% | 37.65% |
| 2016 | -6.66% | 0.20% | 10.78% | 2.02% | -2.70% | 3.79% | 5.62% | 2.19% | 1.82% | -0.00% | -5.11% | -1.06% | 10.14% |
| 2015 | -0.26% | 2.33% | -0.34% | 7.09% | -0.87% | -3.26% | -5.18% | -7.02% | -1.49% | 3.98% | -2.19% | -1.36% | -8.99% |
| 2014 | -7.65% | 2.32% | 2.96% | 0.51% | 4.80% | 2.57% | -0.08% | 2.51% | -4.28% | -2.48% | -1.23% | -3.48% | -4.20% |
| 2013 | 0.96% | 0.40% | -0.63% | 1.43% | -2.51% | -5.47% | 0.94% | -3.96% | 5.17% | 4.50% | -0.08% | 0.90% | 1.14% |
Expense Ratio
FEDDX has a high expense ratio of 1.19%, indicating higher-than-average management fees.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FEDDX is 5, indicating that it is in the bottom 5% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Emerging Markets Discovery Fund (FEDDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Emerging Markets Discovery Fund provided a 2.09% dividend yield over the last twelve months, with an annual payout of $0.34 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.34 | $0.24 | $0.42 | $0.10 | $0.15 | $0.22 | $0.11 | $0.09 | $0.09 | $0.00 | $0.47 |
Dividend yield | 2.09% | 2.05% | 1.69% | 2.59% | 0.59% | 1.05% | 1.82% | 0.74% | 0.80% | 0.81% | 0.00% | 3.87% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Emerging Markets Discovery Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.42 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2013 | $0.47 | $0.47 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Emerging Markets Discovery Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Emerging Markets Discovery Fund was 42.95%, occurring on Mar 23, 2020. Recovery took 180 trading sessions.
The current Fidelity Emerging Markets Discovery Fund drawdown is 9.13%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -42.95% | Jan 29, 2018 | 541 | Mar 23, 2020 | 180 | Dec 7, 2020 | 721 |
| -28.38% | Sep 8, 2014 | 346 | Jan 21, 2016 | 290 | Mar 16, 2017 | 636 |
| -27.45% | Sep 7, 2021 | 280 | Oct 14, 2022 | 389 | May 3, 2024 | 669 |
| -12.96% | May 9, 2013 | 78 | Aug 28, 2013 | 184 | May 22, 2014 | 262 |
| -11.88% | Nov 9, 2011 | 12 | Nov 25, 2011 | 41 | Jan 26, 2012 | 53 |
Volatility
Volatility Chart
The current Fidelity Emerging Markets Discovery Fund volatility is 3.23%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.