FEMSX Performance — Fidelity Series Emerging Markets Opportunities Fund
Data updated: 2026-09-23
FEMSX returned +22.47% year to date and +42.82% over one year to Jul 2026. Annualised returns are +21.69% over 3 years and +8.46% over 5 years. The fund beat its Emerging Markets Equity category average: $100 invested three years ago grew to $180, against $164 for the category, and to $143 over one year, against $134. Volatility over the past three years was 16.89% a year. In the 12 months to Jul 2026 the fund lost a net $1.4B, and assets reached $31.86B.
FEMSX Growth of $100
What $100 invested in Fidelity Series Emerging Markets Opportunities 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 | FEMSX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $143 | $134 |
| 3 years (Aug 2023 – Jul 2026) | $180 | $164 |
| 5 years (Aug 2021 – Jul 2026) | $150 | $143 |
| Since data start (Aug 2019 – Jul 2026) | $211 | $188 |
FEMSX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +22.47% |
| 1 year | +42.82% |
| 3 years (annualised) | +21.69% |
| 5 years (annualised) | +8.46% |
FEMSX Annual Returns
Calendar-year total returns of Fidelity Series Emerging Markets Opportunities Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +22.47% |
| 2025 | +37.94% |
| 2024 | +7.84% |
| 2023 | +14.24% |
| 2022 | −23.95% |
| 2021 | −5.10% |
| 2020 | +24.78% |
| 2019 (Aug–Dec) | +12.67% |
FEMSX 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 | +9.5% | +6.3% | −9.4% | +13.5% | +7.6% | +1.3% | −6.1% | — | — | — | — | — |
| 2025 | +1.9% | +1.0% | +1.3% | +0.1% | +4.8% | +7.0% | +1.2% | +2.4% | +7.7% | +4.3% | −2.1% | +3.7% |
| 2024 | −4.1% | +4.6% | +2.6% | +0.1% | +2.0% | +3.3% | −0.2% | +0.3% | +6.6% | −3.4% | −2.6% | −1.0% |
| 2023 | +10.3% | −7.4% | +3.3% | +0.1% | −2.0% | +5.0% | +6.4% | −6.4% | −3.1% | −3.2% | +8.1% | +4.2% |
| 2022 | −1.7% | −7.5% | −3.7% | −6.4% | +1.3% | −6.3% | 0.0% | −0.1% | −11.1% | −2.4% | +16.2% | −2.9% |
| 2021 | +3.1% | +1.2% | −1.4% | +1.3% | +1.9% | +1.4% | −7.0% | +1.9% | −4.4% | +1.4% | −4.5% | +0.4% |
| 2020 | −4.7% | −4.0% | −17.5% | +9.1% | +4.2% | +8.3% | +7.8% | +2.9% | −1.4% | +2.5% | +10.5% | +8.4% |
| 2019 | — | — | — | — | — | — | — | −3.1% | +2.1% | +4.4% | +0.9% | +8.2% |
FEMSX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 16.89%
- 3-year Sharpe ratio: 1.02 (vs 4.5% risk-free rate)
- Best month: +13.54% (Apr 2026)
- Worst month: −9.41% (Mar 2026)
FEMSX Fund Flows
Monthly money in and out of Fidelity Series Emerging Markets Opportunities Fund, from SEC Form N-PORT.
- 12-month net flow: −$1.4B
- 12-month gross sales (incl. reinvestments): $5.2B
- Sales ÷ redemptions: 0.79×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $333.2M | $179.0M | $154.2M |
| Jun 2026 | $338.5M | $904.6M | −$566.1M |
| May 2026 | $997.0M | $259.7M | $737.3M |
| Apr 2026 | $672.4M | $236.6M | $435.9M |
| Mar 2026 | $688.4M | $238.7M | $449.6M |
| Feb 2026 | $190.0M | $523.3M | −$333.3M |
| Jan 2026 | $321.0M | $973.2M | −$652.2M |
| Dec 2025 | $928.5M | $1.5B | −$602.6M |
| Nov 2025 | $158.5M | $100.7M | $57.8M |
| Oct 2025 | $234.8M | $572.8M | −$337.9M |
| Sep 2025 | $141.4M | $637.3M | −$495.9M |
| Aug 2025 | $151.0M | $382.0M | −$231.0M |
FEMSX Assets Under Management
Net assets of Fidelity Series Emerging Markets Opportunities Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $31.86B |
| 2026-04-30 | $30.78B |
| 2026-01-31 | $27.56B |
| 2025-10-31 | $26.63B |
| 2025-07-31 | $24.19B |
| 2025-04-30 | $21.45B |
| 2025-01-31 | $21.97B |
| 2024-10-31 | $23.76B |
| 2024-07-31 | $23.90B |
| 2024-04-30 | $23.12B |
| 2024-01-31 | $21.90B |
| 2023-10-31 | $20.36B |
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.