Strategic Advisers Fidelity Emerging Markets Fund
Actively managed global stock fund
As of its 2026 Q2 report, Strategic Advisers Fidelity Emerging Markets Fund held 315 positions with $41.97B in net assets. Its ten largest holdings made up 59.6% of the fund. The FGOMX share class costs 0.32% a year. Over the 12 months to May 2026, FGOMX returned 60.4%, with dividends reinvested. In 2026 Q2 it added 41 new positions and exited 49.
Strategic Advisers Fidelity Emerging Markets Fund seeks capital appreciation.
The fund allocates assets among sub-advisers and underlying funds—including affiliated and non-affiliated emerging markets equity funds and ETFs—to gain diversified exposure across emerging markets countries, market capitalizations, and investment styles. Day-to-day security selection is delegated to one or more sub-advisers or conducted through the underlying funds themselves. Because the fund invests indirectly through other funds rather than holding securities directly, its returns depend on the performance and holdings of those underlying funds.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
FEMVXFidelity Salem Street Trust | 23.37% | $9.81B | 444.0M | $22.09 |
TAIWAN SEMICONDUCTOR MFG CO LTD | 9.13% | $3.83B | 51.9M | $73.88 |
FGKPXFidelity Salem Street Trust | 5.37% | $2.25B | 169.0M | $13.33 |
FERGXFidelity Salem Street Trust | 5.18% | $2.18B | 98.7M | $22.05 |
SAMSUNG ELECTRONICS CO LTD | 4.98% | $2.09B | 9.9M | $210.09 |
SHORT TERM INVTS TR | 3.56% | $1.49B | 1.5B | $1.00 |
SK HYNIX INC | 3.37% | $1.42B | 915.4K | $1,546.21 |
TENCENT HLDGS LTD | 1.87% | $783.99M | 14.4M | $54.33 |
Fidelity Revere Street Trust | 1.41% | $592.03M | — | — |
MEDIATEK INC | 1.33% | $557.72M | 4.1M | $137.20 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
The 200 largest of 315 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 | 97.72% |
| Cash & short-term | 2.32% |
| Derivatives | 0.44% |
| Bonds | 0.20% |
Look-through blends 5 underlying funds; 3.556% of NAV was not looked through and stays direct-classified.
How it has done
FGOMX share class · total returns with dividends reinvested
Volatility over the last 12 months: 19.68%. Past returns are a record, not a forecast.
Fees & fund details
Strategic Advisers Fidelity Emerging Markets Fund is an actively managed global equity fund.
- Asset class
- Equity
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
- Expense ratio, by class
- 0.32%· FGOMX 0.32%
- Portfolio turnover
- 53.00% a year · as of 2025 Q3
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
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.
41 new· the largest 8
49 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
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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