Fidelity Advisor Focused Emerging Markets Fund
FMCKX
NASDAQ- -
USD
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- -
Capital Structure
FRC
•
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
FRC
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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
- Fidelity Advisor Series VIII MA United States of America
- IPO Date
- Mar 30, 2004
- CIK
- 0000729218
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Advisor Focused Emerging Markets Fund (Class C) (FMCKX) 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 primarily targets common stocks of 30 to 70 companies with a blend style across large market capitalizations. The fund offers exposure to diversified sectors including financial services, technology, communication services, consumer cyclical, and basic materials; top holdings typically include Tencent Holdings Ltd., Taiwan Semiconductor Manufacturing Co. Ltd., Samsung Electronics Co. Ltd., China Life Insurance Co. Ltd., and Wal Mart de Mexico SAB de CV, representing over 30% of the portfolio. Geographic operations span emerging Asia, developed Asia, Latin America, Africa, and emerging Europe, with non-U.S. stocks comprising approximately 98% of assets and cash at 2%. Launched on March 29, 2004, the fund is domiciled in the United States, managed by Fidelity Investments from its headquarters in Boston, Massachusetts, with Sam Polyak serving as portfolio manager since February 22, 2019. The Class C shares carry a net expense ratio of 1.93%, a 1.00% deferred load, and are available for sale in the United States with a minimum initial investment of $0. Total net assets stand at approximately $8.86 billion, with the Class C share class sized at $18.26 million. Recent developments include sustained strong performance amid a 2025 resurgence in emerging market equities, which led global returns with nearly 25% gains driven by rotation away from U.S. markets; the fund delivered competitive one-year returns exceeding 25% as of late 2025. No major acquisitions, funding rounds, or structural reorganizations have been announced in the past 1-2 years; however, Fidelity's broader emerging markets strategies have seen portfolio manager insights emphasizing new growth avenues and macroeconomic positioning for 2025-2026. The fund maintains its focused equity strategy without significant operational shifts.