FEDTX Performance — Fidelity Emerging Markets Discovery Fund, Class M
Data updated: 2026-09-23
FEDTX returned +17.26% year to date and +32.16% 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 16.30% a year. In the 12 months to Jul 2026 the fund lost a net $4.3M, and assets reached $1.49B.
FEDTX 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 | FEDTX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $132 | $134 |
| 3 years (Aug 2023 – Jul 2026) | $77 | $164 |
| 5 years (Aug 2021 – Jul 2026) | $32 | $143 |
| Since data start (Aug 2019 – Jul 2026) | $19 | $188 |
FEDTX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +17.26% |
| 1 year | +32.16% |
3- and 5-year figures withheld: returns differ from sibling classes.
FEDTX 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) | +17.26% |
| 2025 | +22.25% |
| 2024 | −37.49% |
| 2023 | −21.66% |
| 2022 | −42.85% |
| 2021 | −30.81% |
| 2020 | −24.15% |
| 2019 (Aug–Dec) | −10.56% |
FEDTX 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 | +8.6% | +5.5% | −7.5% | +10.8% | +0.9% | +0.1% | −1.2% | — | — | — | — | — |
| 2025 | −3.4% | −3.2% | +1.1% | +3.1% | +6.2% | +6.5% | −1.6% | +4.4% | +1.9% | +3.0% | +1.3% | +1.5% |
| 2024 | −9.4% | +0.9% | −1.7% | −3.7% | −3.6% | −1.7% | −3.3% | −2.9% | +0.7% | −9.3% | −6.7% | −4.7% |
| 2023 | +3.9% | −6.7% | −2.6% | −1.2% | −5.1% | +2.6% | +0.7% | −8.9% | −4.4% | −6.9% | +4.1% | +1.4% |
| 2022 | −5.7% | −5.3% | −4.1% | −8.8% | −1.8% | −11.8% | −0.8% | −2.8% | −12.6% | −1.0% | +6.6% | −5.1% |
| 2021 | −2.2% | −1.8% | −3.2% | +1.0% | +0.1% | −1.7% | −5.9% | −1.4% | −7.4% | −3.5% | −7.3% | −2.5% |
| 2020 | −6.7% | −8.7% | −24.8% | +7.1% | +1.3% | +6.6% | +1.6% | −1.1% | −5.9% | −3.6% | +6.9% | +5.1% |
| 2019 | — | — | — | — | — | — | — | −6.8% | −2.1% | −0.9% | −3.7% | +2.8% |
FEDTX Risk
Risk measures from monthly returns over Aug 2025 – Jul 2026.
- 1-year volatility (annualised): 16.30%
- Best month: +10.79% (Apr 2026)
- Worst month: −7.51% (Mar 2026)
FEDTX 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 |
FEDTX 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.