Fidelity Emerging Markets Discovery Fd
FEDDX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Nov 2, 2011
- CIK
- 0000744822
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Emerging Markets Discovery Fund (FEDDX) is an open-end mutual fund that seeks capital appreciation by investing at least 80% of its assets in securities of issuers in emerging markets and other investments tied economically to emerging markets; it focuses primarily on smaller-capitalization companies exposed to secular growth trends in ascendant emerging market domestic economies. The fund offers exposure to a diversified portfolio of equities, with holdings concentrated in non-U.S. stocks across sectors such as industrials, consumer discretionary, and financials; top regional allocations include emerging Asia, developed Asia, and Latin America, targeting mid-cap blend style within the diversified emerging markets category. Fidelity Emerging Markets Discovery Fund was launched on November 1, 2011, and is part of Fidelity Investment Trust, headquartered at 245 Summer Street, Boston, Massachusetts. The fund maintains a portfolio net assets of approximately $1.2 billion, with a net expense ratio of around 1.01%, a turnover rate of 30%-38%, and is managed by Greg Lee since June 30, 2014, emphasizing quality undervalued businesses particularly in markets like Brazil. It is available to U.S. investors with no minimum initial investment for certain share classes and operates without front-end or deferred loads. Geographically, the fund provides broad exposure to issuers in emerging Asia (including India, Indonesia, and Vietnam), Latin America (such as Brazil and Mexico), emerging Europe, and the Middle East, alongside minor U.S. stock and cash positions. Recent portfolio adjustments as of late 2025 reflect manager emphasis on favorable emerging market trends, including overweight positions in Brazil amid positive economic shifts; top holdings feature names like Fidelity Cash Central Fund, Lion Finance Group PLC, Dino Polska SA, Localiza Rent a Car SA, and SITC International Holdings Co Ltd, comprising about 8.45% of the portfolio. No major acquisitions, funding rounds, partnerships, or structural reorganizations have been announced for the fund in the last 1-2 years, with operations remaining stable under Fidelity Investments' oversight and a contractual expense cap in place. The fund continues to benchmark against emerging markets indices, delivering mid-blend performance in its Morningstar category.