Fidelity Emerging Markets (FEMKX - MF report) a Zacks Rank #1 (Strong Buy) seeks capital appreciation. FEMKX normally invests a major portion of its assets in securities of issuers in emerging markets and other investments that are tied economically to emerging markets.

This Non US - Equity fund, as of the last filing, allocates their fund in three major groups; Emerging Market, Intermediate Bond and Foreign Stock. As of the last filing, Taiwan Semiconductor Manufacturing (TSM), Tencent Holdings Lttd. (TCEHY) and Naspers Ltd. (NPSNY) were the top holdings for FEMKX.

The Fidelity Emerging Markets fund, managed by Fidelity, carries an expense ratio of 1.03%, and requires a minimal initial investment of $2,500.

To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.

FEMKX’s performance, as of the last filing, when compared to funds in its category was in the top 40% in 1 year.