Fund Evaluator:
Fidelity Series Emerging Mkts Ex Chn Idx (FSJQX)
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Best Performing in Diversified Emerging Mkts Over the Last Year
| 59.1% | WCM Focused Emerging Mkts Ex Chn Inv (WCFEX) |
| 54.2% | Invesco Emerging Markets ex-China Y (GTDYX) |
| 42.6% | Matthews Emerging Markets Sust Fut Inv (MASGX) |
| 41.1% | Lazard Emerging Markets Equity Instl (LZEMX) |
| 40.7% | LSV Emerging Markets Equity Inv (LVAZX) |
Fund Details
Fidelity Series Emerging Mkts Ex Chn Idx Overview
Fidelity Series Emerging Mkts Ex Chn Idx (FSJQX) is a passively managed International Equity Diversified Emerging Mkts fund. Fidelity Investments launched the fund in 2026.
The investment seeks to provide investment results that correspond to the total return of emerging stock markets, excluding China. The fund normally invests at least 80% of assets in securities included in the MSCI Emerging Markets ex China Index and in depositary receipts representing securities included in the index. The index is a free-float adjusted market capitalization weighted index designed to measure the performance of large and medium-capitalization companies domiciled in emerging markets countries across the world, excluding China.
About Fidelity Series Emerging Mkts Ex Chn Idx (FSJQX)
There are 5 members of the management team with an average tenure of 0.08 years: Louis Bottari (2026), Payal Gupta (2026), Peter Matthew (2026), Navid Sohrabi (2026), Robert Regan (2026). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI EM ex China NR USD index with a weighting of 100%. Fidelity Series Emerging Mkts Ex Chn Idx has securities in its portfolio. The top 10 holdings constitute 0.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Fidelity Series Emerging Mkts Ex Chn Idx is part of the Equity global asset class and is within the International Equity fund group. Fidelity Series Emerging Mkts Ex Chn Idx has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Fidelity Series Emerging Mkts Ex Chn Idx has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $10 million in total assets, which is below the $990 million average for the Diversified Emerging Mkts category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FSJQX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Fidelity Series Emerging Mkts Ex Chn Idx expense ratio is low compared to funds in the Diversified Emerging Mkts category. Fidelity Series Emerging Mkts Ex Chn Idx has an expense ratio of 0.01%, which is 99% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. A portfolio turnover rate cannot be currently calculated for Fidelity Series Emerging Mkts Ex Chn Idx. By way of comparison, the average portfolio turnover is 67% for the Diversified Emerging Mkts category.
Recently, in the month of September 2026, Fidelity Series Emerging Mkts Ex Chn Idx returned -0.2%, which earned it a grade of B, as the Diversified Emerging Mkts category had an average return of -0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Fidelity Series Emerging Mkts Ex Chn Idx has a trailing yield of 0.00%, which is below the 1.76% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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FSJQX Trailing NAV Total Returns Data as of 9/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FSJQX Return (NAV) | -0.2% | na | na | na | na | na |
| FSJQX Grade | B | na | na | na | na | na |
| +/- Category | 0.6% | na | na | na | na | na |
| Diversified Emerging Mkts Avg | -0.8% | -2.1% | 28.7% | 22.6% | 7.5% | 8.6% |
| FSJQX Tax Cost Ratio | na | na | na | na | na | na |
FSJQX Annual NAV Total ReturnsData as of 9/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FSJQX Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| FSJQX Grade | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Diversified Emerging Mkts Avg | 22.8% | 31.4% | 6.2% | 12.1% | -22.6% | -0.2% | 21.6% | 21.9% | -16.4% | 36.7% | 8.6% |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | -- |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $0 Mil |
| Fund Total Assets: | $ 0 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | na |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 0.1 years | |||
| Average Tenure: 0.1 years | |||
| Managers (Year): Bottari Louis (2026), Gupta Payal (2026), Matthew Peter (2026), Sohrabi Navid (2026), Regan Robert (2026) | |||
Portfolio Composition (as of )
| # of Holdings: | |
| % in Top 10 Holdings: | 0.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Fund Family: | Fidelity Investments |
| Phone Number: | 202-371-8300 |
| Website: | www.institutional.fidelity.com |
| Status: | Open |
| Inception Date: | August 31, 2026 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.01% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 1.15% |
| Share Class: | Fidelity Series Emerging Mkts Ex Chn Idx |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
