FEDIX Performance — Fidelity Emerging Markets Discovery Fund, Class I
Data updated: 2026-09-23
FEDIX returned +17.62% year to date and +32.78% over one year to Jul 2026. Annualised returns are +15.27% over 3 years and +8.69% over 5 years. The fund trailed its Emerging Markets Equity category average: $100 invested three years ago grew to $153, against $164 for the category, and to $133 over one year, against $134. Volatility over the past three years was 14.59% a year. In the 12 months to Jul 2026 the fund lost a net $4.3M, and assets reached $1.49B.
FEDIX 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 | FEDIX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $133 | $134 |
| 3 years (Aug 2023 – Jul 2026) | $153 | $164 |
| 5 years (Aug 2021 – Jul 2026) | $152 | $143 |
| Since data start (Aug 2019 – Jul 2026) | $213 | $188 |
FEDIX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +17.62% |
| 1 year | +32.78% |
| 3 years (annualised) | +15.27% |
| 5 years (annualised) | +8.69% |
FEDIX 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) | +17.62% |
| 2025 | +31.87% |
| 2024 | −3.63% |
| 2023 | +20.76% |
| 2022 | −11.84% |
| 2021 | +6.70% |
| 2020 | +16.92% |
| 2019 (Aug–Dec) | +7.15% |
FEDIX 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% | +10.9% | +1.0% | +0.2% | −1.1% | — | — | — | — | — |
| 2025 | +0.1% | +0.4% | +1.0% | +3.2% | +6.3% | +6.5% | −1.5% | +4.4% | +2.0% | +3.0% | +1.3% | +1.5% |
| 2024 | −6.1% | +4.5% | +2.0% | −0.2% | 0.0% | +1.9% | +0.3% | +0.8% | +4.3% | −6.0% | −3.3% | −1.2% |
| 2023 | +7.8% | −3.4% | +1.1% | +2.4% | −1.6% | +6.4% | +4.5% | −5.6% | −0.8% | −3.5% | +7.9% | +5.1% |
| 2022 | −2.2% | −1.8% | −0.6% | −5.4% | +1.9% | −8.6% | +2.9% | +0.8% | −9.4% | +2.6% | +10.6% | −1.6% |
| 2021 | +1.4% | +1.9% | +0.3% | +4.7% | +3.8% | +1.9% | −2.5% | +2.3% | −4.0% | 0.0% | −3.9% | +1.1% |
| 2020 | −3.3% | −5.3% | −22.1% | +11.0% | +5.1% | +10.6% | +5.3% | +2.5% | −2.4% | −0.1% | +10.8% | +8.9% |
| 2019 | — | — | — | — | — | — | — | −3.4% | +1.4% | +2.8% | −0.2% | +6.6% |
FEDIX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 14.59%
- 3-year Sharpe ratio: 0.74 (vs 4.5% risk-free rate)
- Best month: +10.88% (Apr 2026)
- Worst month: −7.48% (Mar 2026)
FEDIX 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 |
FEDIX 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.