Fidelity SAI Emerging Markets Value Index Fund
Emerging-markets stock index fund · tracks Fidelity Emerging Markets Value Focus Index
As of its 2026 Q2 report, Fidelity SAI Emerging Markets Value Index Fund held 219 positions with $11.55B in net assets. Its ten largest holdings made up 34.2% of the fund. The FEMVX share class costs 0.2% a year. Over the 12 months to May 2026, FEMVX returned 63.9%, with dividends reinvested. In 2026 Q3 it added 26 new positions and exited 27.
Fidelity SAI Emerging Markets Value Index Fund seeks to provide investment results that correspond to the total return of emerging markets stocks with attractive valuations.
The fund tracks the Fidelity Emerging Markets Value Focus Index, which selects large and mid-cap emerging markets stocks ranked by composite value scores based on free cash flow yield, enterprise value to EBITDA, price-to-book, and forward price-to-earnings; financials and REITs are scored on earnings yield, price-to-book, and forward P/E. The fund uses statistical sampling techniques to replicate index returns rather than holding all constituents, which may cause its performance to diverge from the index.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
TAIWAN SEMICONDUCTOR MFG CO LTD | 12.67% | $1.46B | 21.0M | $69.64 |
SAMSUNG ELECTRONICS CO LTD | 5.02% | $579.81M | 3.8M | $151.55 |
SK HYNIX INC | 4.00% | $462.16M | 514.9K | $897.49 |
TENCENT HLDGS LTD | 2.11% | $243.37M | 4.0M | $60.73 |
CHINA CONSTRUCTION BANK CORP | 1.90% | $219.94M | 194.8M | $1.13 |
SAMSUNG ELECTRONICS CO LTD | 1.83% | $211.26M | 1.9M | $108.63 |
SK SQUARE CO LTD | 1.79% | $206.78M | 353.0K | $585.74 |
ASE TECHNOLOGY HOLDING CO LTD | 1.72% | $198.27M | 12.6M | $15.72 |
HON HAI PRECISION INDUSTRY CO LTD | 1.59% | $184.18M | 26.0M | $7.09 |
ALIBABA GROUP HOLDING LTD | 1.58% | $182.69M | 11.1M | $16.48 |
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.
The 200 largest of 219 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.53% |
| Cash & short-term | 2.30% |
| Derivatives | 0.15% |
| Bonds | 0.01% |
Derivatives are shown at market value, not notional exposure.
How it has done
FEMVX share class · total returns with dividends reinvested
Volatility over the last 12 months: 19.57%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
Fidelity SAI Emerging Markets Value Index Fund is an emerging-markets equity index fund that tracks the Fidelity Emerging Markets Value Focus Index.
- Asset class
- Equity
- Region
- Emerging markets
- Management
- Index (passive)
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.20%· FEMVX 0.20%
- Portfolio turnover
- 31.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
26 new· the largest 8
27 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Understand how this fund fits with the rest.
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