Fund Evaluator:
Fidelity Sustainable Emerging Markets Eq (FSYJX)
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Best Performing in Diversified Emerging Mkts Over the Last Year
| 55.1% | Invesco Emerging Markets ex-China Y (GTDYX) |
| 51.1% | WCM Focused Emerging Mkts Ex Chn Inv (WCFEX) |
| 47.2% | Matthews Emerging Markets Sust Fut Inv (MASGX) |
| 46.5% | Lazard Emerging Markets Equity Instl (LZEMX) |
| 46.5% | LSV Emerging Markets Equity Inv (LVAZX) |
Fund Details
Fidelity Sustainable Emerging Markets Eq Overview
Fidelity Sustainable Emerging Markets Eq (FSYJX) is an actively managed International Equity Diversified Emerging Mkts fund. Fidelity Investments launched the fund in 2022.
The investment seeks capital appreciation. The fund normally invests at least 80% of assets in equity securities of companies in emerging markets, including equity investments that are tied economically to emerging markets, that Fidelity Management & Research Company LLC (FMR) (the Adviser) believes have proven or improving sustainability practices based on an evaluation of such companies' individual environmental, social, and governance (ESG) profile. It invests primarily in equity securities.
About Fidelity Sustainable Emerging Markets Eq (FSYJX)
There are 1 members of the management team with an average tenure of 4.47 years: John Chow (2022). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI EM NR USD index with a weighting of 100% and MSCI EM (EMERGING MARKETS) SELECT NR USD index with a weighting of 100%. Fidelity Sustainable Emerging Markets Eq has 137 securities in its portfolio. The top 10 holdings constitute 47.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.
Fidelity Sustainable Emerging Markets Eq is part of the Equity global asset class and is within the International Equity fund group. Fidelity Sustainable Emerging Markets Eq has 92.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 2.5%. There is 92.2% 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 Sustainable Emerging Markets Eq has 5.3% of the portfolio in cash.
Assets Under Management
The fund has $35 million in total assets, which is below the $967 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.
FSYJX 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 Sustainable Emerging Markets Eq expense ratio is high compared to funds in the Diversified Emerging Mkts category. Fidelity Sustainable Emerging Markets Eq has an expense ratio of 1.25%, which is 8% higher than its category average, making the fund expense ratio grade a D. 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. Fidelity Sustainable Emerging Markets Eq has a portfolio turnover rate of 94%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 68% for the Diversified Emerging Mkts category.
Recently, in the month of July 2026, Fidelity Sustainable Emerging Markets Eq returned -5.5%, which earned it a grade of C, as the Diversified Emerging Mkts category had an average return of -4.9%. 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 Sustainable Emerging Markets Eq has a trailing yield of 0.84%, which is below the 1.72% 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.
Fidelity Sustainable Emerging Markets Eq Grades
Year to date, the fund has returned 20.6%, 1.6 percentage points better than the category, which translates into a grade of B. The fund has returned 39.6% over the past year (grade of B) and 20.3% over the past three years (grade of B).
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FSYJX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FSYJX Return (NAV) | -5.5% | -0.3% | 39.6% | 20.3% | na | na |
| FSYJX Grade | C | F | B | B | na | na |
| +/- Category | -0.5% | -2.7% | 3.7% | 2.3% | na | na |
| Diversified Emerging Mkts Avg | -4.9% | 2.4% | 35.9% | 17.9% | 6.5% | 8.7% |
| FSYJX Tax Cost Ratio | na | na | 0.3% | 0.3% | na | na |
FSYJX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FSYJX Return (NAV) | 20.6% | 38.9% | 5.9% | 11.3% | na | na | na | na | na | na | na |
| FSYJX Grade | B | A | C | C | na | na | na | na | na | na | na |
| +/- Category | 1.6% | 7.5% | -0.4% | -0.8% | na | na | na | na | na | na | na |
| Diversified Emerging Mkts Avg | 19.1% | 31.4% | 6.2% | 12.1% | -22.6% | -0.2% | 21.6% | 21.9% | -16.4% | 36.6% | 8.6% |
| Risk Measures | |
| Standard Deviation: | 17.6% |
| Total Risk Index: | 1.43 - High |
| Category Risk Index: | 1.05 - Above Average |
| Category Risk Grade: | D (73% Rank) |
| Beta: | 1.11 |
| R-Squared: | 76% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.8% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $42 Mil |
| Fund Total Assets: | $ 35 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 94% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 4.5 years | |||
| Average Tenure: 4.5 years | |||
| Managers (Year): Chow John (2022) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 137 |
| % in Top 10 Holdings: | 47.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 92.2% |
Portfolio Allocation |
|
| Domestic Stock: | 2.5% |
| Foreign Stock: | 92.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 5.3% |
Purchase Information
| Fund Family: | Fidelity Investments |
| Phone Number: | 800-544-5555 |
| Website: | www.institutional.fidelity.com |
| Status: | Open |
| Inception Date: | February 10, 2022 |
| 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 (%): | 1.25% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.16% |
| Share Class: | Fidelity Advisor Sustainable EM Eq Z |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
