Fidelity Advisor Focused Emerging Markets Fund
Fidelity Advisor Series VIII · 5 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Fidelity Advisor Focused Emerging Markets Fund is an actively managed emerging-markets equity fund.
- Asset class
- Equity
- Region
- Emerging markets
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2025 Q4
Fidelity Advisor Focused Emerging Markets Fund seeks capital appreciation.
The fund invests at least 80% of assets in securities of issuers in emerging markets or economically tied to them, as identified by MSCI classifications, World Bank income levels, or the adviser's own assessment of emerging market characteristics. The adviser selects roughly 30 to 70 common stocks across different emerging markets countries using fundamental analysis of financial condition, industry position, and market conditions. Because the fund holds a focused portfolio and concentrates exposure across emerging markets, performance will depend on the adviser's security selection and the fund's allocation decisions rather than broad market returns.
| Share class | Expense ratio |
|---|---|
| FAMKX | 1.17% |
| FMCKX | 1.92% |
| FTMKX | 1.42% |
| FIMKX | 0.91% |
| FZAEX | 0.80% |
Portfolio turnover 58.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 97.69% |
| Cash & short-term | 2.43% |
Latest quarter
What changed since the fund's previous filing
New: DELTA ELECTRONICS INC, STATE BANK OF INDIA, EMEMORY TECHNOLOGY INC, TENARIS SA, ALUMINUM CORP CHINA LTD, YPF SA
Exited: HDFC BANK LTD, MEITUAN, GERDAU SA, TAL ED GROUP
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +56.58% | -49.27% | -90.62% | 19.49% | -68.03% | |
| +55.35% | +46.98% | -12.59% | 19.48% | -16.05% | |
| +56.19% | -15.35% | -72.58% | 19.51% | -46.50% | |
| +56.91% | +88.09% | +44.89% | 19.52% | -13.24% | |
| +57.12% | +88.88% | +45.90% | 19.51% | -13.20% |
These classes hold the same portfolio, so the 136.52pp spread over 5 years is the cost difference between them — roughly 27.30pp a year — not a difference in what they own.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | TAIWAN SEMICONDUCTOR MFG CO LTD | 10.28% | $69.64 | $1.28B | 18.4M |
| — | SAMSUNG ELECTRONICS CO LTD | 9.15% | $151.55 | $1.14B | 7.5M |
| — | TENCENT HLDGS LTD | 5.03% | $60.73 | $626.84M | 10.3M |
| — | MEDIATEK INC | 4.08% | $83.75 | $509.18M | 6.1M |
| — | DELTA ELECTRONICS INC | 2.81% | $70.35 | $349.70M | 5.0M |
| — | LARSEN and TOUBRO LTD | 2.15% | $42.48 | $268.60M | 6.3M |
| — | Fidelity Revere Street Trust | 2.15% | — | $267.59M | — |
| — | CHINA CONSTRUCTION BANK CORP | 2.06% | $1.13 | $257.52M | 228.1M |
| AMX | AMERICA MOVIL SAB DE CVAMX | 2.06% | $26.60 | $256.60M | 9.6M |
| — | YAGEO CORP | 2.02% | $10.23 | $251.32M | 24.6M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 41.79% of net assets, top 25 67.18%, across 61 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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