FEDAX Performance — Fidelity Emerging Markets Discovery Fund, Class A
Data updated: 2026-09-23
FEDAX returned +17.48% year to date and +32.41% over one year to Jul 2026. Over one year the fund trailed its Emerging Markets Equity category average: $100 grew to $132, against $134 for the category. Volatility over the past 12 months was 16.35% a year. In the 12 months to Jul 2026 the fund lost a net $4.3M, and assets reached $1.49B.
FEDAX Growth of $100
What $100 invested in Fidelity Emerging Markets Discovery Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Equity category average over the same months.
| Period | FEDAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $132 | $134 |
| 3 years (Aug 2023 – Jul 2026) | $49 | $164 |
| 5 years (Aug 2021 – Jul 2026) | $12 | $143 |
| Since data start (Aug 2019 – Jul 2026) | $4 | $188 |
FEDAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +17.48% |
| 1 year | +32.41% |
3- and 5-year figures withheld: returns differ from sibling classes.
FEDAX Annual Returns
Calendar-year total returns of Fidelity Emerging Markets Discovery Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +17.48% |
| 2025 | +16.84% |
| 2024 | −52.78% |
| 2023 | −40.86% |
| 2022 | −56.82% |
| 2021 | −47.72% |
| 2020 | −42.70% |
| 2019 (Aug–Dec) | −20.41% |
FEDAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +8.7% | +5.5% | −7.5% | +10.8% | +1.0% | +0.1% | −1.1% | — | — | — | — | — |
| 2025 | −5.7% | −5.4% | +1.1% | +3.2% | +6.2% | +6.5% | −1.6% | +4.4% | +2.0% | +3.0% | +1.3% | +1.5% |
| 2024 | −11.5% | −1.5% | −3.9% | −6.0% | −5.8% | −4.0% | −5.5% | −5.1% | −1.7% | −11.4% | −8.9% | −6.9% |
| 2023 | +1.5% | −8.9% | −4.8% | −3.5% | −7.3% | +0.3% | −1.6% | −11.0% | −6.6% | −9.0% | +1.7% | −1.0% |
| 2022 | −7.9% | −7.5% | −6.3% | −10.8% | −4.1% | −13.9% | −3.1% | −5.0% | −14.6% | −3.3% | +4.2% | −7.2% |
| 2021 | −4.5% | −4.1% | −5.4% | −1.4% | −2.2% | −4.0% | −8.1% | −3.7% | −9.6% | −5.8% | −9.4% | −4.8% |
| 2020 | −8.9% | −10.8% | −26.6% | +4.7% | −1.0% | +4.2% | −0.8% | −3.4% | −8.1% | −5.8% | +4.5% | +2.6% |
| 2019 | — | — | — | — | — | — | — | −8.9% | −4.4% | −3.2% | −6.0% | +0.4% |
FEDAX Risk
Risk measures from monthly returns over Aug 2025 – Jul 2026.
- 1-year volatility (annualised): 16.35%
- Best month: +10.85% (Apr 2026)
- Worst month: −7.52% (Mar 2026)
FEDAX Fund Flows
Monthly money in and out of Fidelity Emerging Markets Discovery Fund, from SEC Form N-PORT.
- 12-month net flow: −$4.3M
- 12-month gross sales (incl. reinvestments): $582.7M
- Sales ÷ redemptions: 0.99×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $30.9M | $38.2M | −$7.3M |
| Jun 2026 | $34.6M | $32.4M | $2.2M |
| May 2026 | $36.9M | $31.9M | $5.0M |
| Apr 2026 | $58.8M | $51.0M | $7.8M |
| Mar 2026 | $41.3M | $37.8M | $3.5M |
| Feb 2026 | $66.2M | $36.1M | $30.1M |
| Jan 2026 | $48.6M | $40.9M | $7.7M |
| Dec 2025 | $81.0M | $30.5M | $50.5M |
| Nov 2025 | $30.5M | $51.7M | −$21.2M |
| Oct 2025 | $76.1M | $126.0M | −$49.9M |
| Sep 2025 | $44.1M | $71.5M | −$27.3M |
| Aug 2025 | $33.5M | $38.8M | −$5.3M |
FEDAX Assets Under Management
Net assets of Fidelity Emerging Markets Discovery Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $1.49B |
| 2026-04-30 | $1.49B |
| 2026-01-31 | $1.33B |
| 2025-10-31 | $1.21B |
| 2025-07-31 | $1.18B |
| 2025-04-30 | $1.03B |
| 2025-01-31 | $1.04B |
| 2024-10-31 | $1.18B |
| 2024-07-31 | $1.25B |
| 2024-04-30 | $1.25B |
| 2024-01-31 | $1.13B |
| 2023-10-31 | $927.96M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.