Strategic Advisers Fidelity Emerging Markets Fund (FGOMX) is an actively managed mutual fund that seeks capital appreciation by investing primarily in equity securities of emerging market issuers. The fund offers exposure to a diversified portfolio of common stocks, preferred stocks, depositary receipts, and other equity-related instruments issued by companies domiciled or conducting significant business in emerging markets; it may also allocate up to 20% of assets to fixed-income securities, cash equivalents, and derivative instruments such as futures, options, and swaps for hedging or efficient portfolio management. Fidelity Investments, the fund's investment manager and sponsor, provides research-driven strategies emphasizing bottom-up stock selection, sector allocation, and risk management across regions including Asia, Latin America, Eastern Europe, the Middle East, and Africa; the fund targets institutional and retail investors seeking long-term growth in developing economies. Headquartered in Boston, Massachusetts, the fund operates under Fidelity's umbrella since its inception in 2018 as part of the Strategic Advisers suite designed for multi-asset and targeted market strategies. In recent developments, the fund benefited from Fidelity's broader strategic expansions, including enhanced integration of environmental, social, and governance (ESG) factors in investment processes and the launch of complementary emerging markets offerings amid portfolio reallocations following market volatility in 2024; no major acquisitions or name changes have occurred, though Fidelity announced increased allocations to emerging markets funds in response to U.S. policy shifts under President Trump's 2025 administration favoring global diversification.