Morningstar Fund Report | 10/04/2025

Fidelity Index Emerging Markets P Accumulation

Performance History	31/03/2025

Growth of 1,000 (GBP)	Advanced Graph

	Fund	-1.7	-10.5	3.0	9.2	-0.6
	+/-Cat	-0.2	1.6	-1.1	1.1	0.2
	+/-B’mrk	-0.8	-2.6	-1.0	0.2	0.2


Category: Global Emerging Markets Equity
Category Benchmark: Morningstar EM TME NR USD

Key Stats
NAV 09/04/2025		GBX 169.03
Day Change		-1.95%
Morningstar Category™		Global Emerging Markets Equity
IA (formerly IMA) Sector		Global Emerging Markets
ISIN		GB00BHZK8D21
Fund Size (Mil) 09/04/2025		GBP 1369.88
Share Class Size (Mil) 09/04/2025		GBP 984.36
Max Initial Charge		-
Ongoing Charge 03/01/2025		0.20%

Morningstar Research

Analyst Report	12/12/2024 Madeleine Black, Associate Analyst Morningstar, Inc
At a low and relatively competitive fee, Fidelity Index Emerging Markets is an attractive option for investors seeking emerging-markets equity exposure. All told, this fund's Morningstar Analyst Rating has been retained at Bronze.The fund tracks...
Click here to read this analyst report on the underlying fund.

Morningstar Pillars
People	24
Parent	24
Process	23
Performance
Price

Investment Objective: Fidelity Index Emerging Markets P Accumulation

The Fund aims to track the performance of the MSCI Emerging Markets (Net Total Return) Index (before fees and expenses are applied), thereby seeking to increase the value of investor's investment over a period of 5 years or more. The performance of the Fund is unlikely to track the performance of the index precisely. The Fund uses an ‘index tracking’ (also known as ‘passive’) investment management approach whereby it aims to replicate the composition of the index. However, for practical reasons and/or to reduce the dealing costs of the Fund, it may not invest in every company share in the index or at its weighting within the index.

Returns

Trailing Returns (GBP)	09/04/2025
YTD	-9.09
3 Years Annualised	-1.25
5 Years Annualised	4.02
10 Years Annualised	3.31

12 Month Yield

2.37

Management

Manager Name Start Date
Not Disclosed 06/03/2014
Inception Date 06/03/2014

Category Benchmark

Fund Benchmark	Morningstar Benchmark
MSCI EM NR GBP	Morningstar EM TME NR USD

Portfolio Profile for Fidelity Index Emerging Markets P Accumulation	28/02/2025

Morningstar Style Box®

Equity Style

Asset Allocation

	% Long	% Short	% Net Assets
Stock	97.45	2.68	94.78
Bond	0.07	0.00	0.07
Property	0.00	0.00	0.00
Cash	5.42	0.26	5.16
Other	0.00	0.00	0.00

Top 5 Regions	%
Asia - Emerging	51.40
Asia - Developed	28.52
Middle East	7.14
Latin America	6.99
Africa	3.05

Top 5 Sectors		%
	Financial Services	23.60
	Technology	23.58
	Consumer Cyclical	13.72
	Communication Services	10.66
	Industrials	6.37

Top 5 Holdings	Sector	%
Taiwan Semiconductor Manufacturi...	Technology	9.53
Tencent Holdings Ltd	Communication Services	4.99
Alibaba Group Holding Ltd Ordina...	Consumer Cyclical	3.34
Samsung Electronics Co Ltd	Technology	2.22
HDFC Bank Ltd	Financial Services	1.39

Increase Decrease New since last portfolio
Fidelity Index Emerging Markets P Accumulation

Growth Of 1000 (GBP)

31/03/2025

	Fund: Fidelity Index Emerging Markets P Accumulation
	Category: Global Emerging Markets Equity
	Category Index: Morningstar EM TME NR USD

Annual Returns (GBP)						31/03/2025
	2018	2019	2020	2021	2022	2023	2024	31/03
Price Return	-9.64	13.90	14.35	-1.69	-10.47	2.97	9.17	-0.63
+/- Category	1.63	-0.37	0.29	-0.24	1.60	-1.14	1.06	0.18
+/- Category Index	-2.18	-0.46	0.45	-0.83	-2.63	-1.01	0.16	0.25
% Rank in Category	32	50	44	49	39	52	41	54

Trailing Returns (GBP)			09/04/2025
	Total Returns	+/- Category	+/- Category Index
1 Day	-1.95	-0.98	-0.95
1 Week	-9.68	-0.52	-0.78
1 Month	-10.99	-0.64	-0.62
3 Months	-10.22	0.31	-0.11
6 Months	-11.13	0.16	0.00
YTD	-9.09	0.26	0.19
1 Year	-4.69	1.75	0.42
3 Years Annualised	-1.25	0.05	-0.44
5 Years Annualised	4.02	-0.19	-0.93
10 Years Annualised	3.31	0.11	-0.77

Category: Global Emerging Markets Equity
Category Index: Morningstar EM TME NR USD

Quarterly Returns (GBP)				31/03/2025
	Quarter 1	Quarter 2	Quarter 3	Quarter 4
2025	-0.63	-	-	-
2024	3.26	4.81	2.27	-1.37
2023	1.03	-1.88	0.52	3.32
2022	-4.38	-3.92	-3.66	1.16
2021	1.02	4.42	-5.55	-1.33
2020	-18.91	19.86	3.71	13.44

Morningstar Rating™(Relative to Category)

31/03/2025

	Morningstar Return	Morningstar Risk	Morningstar Rating™
3-Year	Average	Average
5-Year	Average	Average
10-Year	Average	Average
Overall	Average	Average

Click here to see our Methodology

Volatility Measurements

31/03/2025


3-Yr Std Dev	13.15 %
3-Yr Mean Return	2.35 %


3-Yr Sharpe Ratio	-0.13

Modern Portfolio Statistics	31/03/2025	31/03/2025
	Standard Index	Best Fit Index
	Morningstar EM TME NR USD	MSCI EM NR USD
3-Yr Beta	1.02	0.97
3-Yr Alpha	-0.62	-0.70

Investment Style Details

28/02/2025

Morningstar Style Box®

Equity Style

Size		Rel to Cat
Average Mkt Cap (Mil)	GBP 39842	-


Market Capitalisation	% of Equity
Giant	58.22
Large	34.04
Medium	7.50
Small	0.24
Micro	0.00

Valuations and Growth Rates	Equity Portfolio	Relative to Category
Price/Prospective Earnings	12.46	1.05
Price/Book	1.58	0.95
Price/Sales	1.46	0.98
Price/Cash Flow	6.47	1.01
Dividend-Yield Factor	3.06	0.96

Long-Term Projected Earnings Growth	11.00	1.05
Historical Earnings Growth	4.47	0.81
Sales Growth	3.86	0.84
Cash-Flow Growth	3.42	0.73
Book-Value Growth	7.26	0.83

Asset Allocation

28/02/2025

	% Long	% Short	% Net Assets
Stock	97.45	2.68	94.78
Bond	0.07	0.00	0.07
Property	0.00	0.00	0.00
Cash	5.42	0.26	5.16
Other	0.00	0.00	0.00

World Regions

28/02/2025

	% of Equity	Relative to Category
United States	0.26	0.31
Canada	0.00	0.00
Latin America	6.99	0.76
United Kingdom	0.00	0.00
Eurozone	0.56	0.43
Europe - ex Euro	0.00	0.00
Europe - Emerging	2.09	0.95
Africa	3.05	0.88
Middle East	7.14	1.48
Japan	0.00	0.00
Australasia	0.00	-
Asia - Developed	28.52	0.98
Asia - Emerging	51.40	1.05

Sector Weightings

28/02/2025

	% of Equity	Relative to Category
Basic Materials	5.60	1.30
Consumer Cyclical	13.72	0.93
Financial Services	23.60	0.98
Real Estate	1.62	0.83
Consumer Defensive	4.34	0.91
Healthcare	3.58	1.02
Utilities	2.45	1.35
Communication Services	10.66	1.03
Energy	4.48	1.43
Industrials	6.37	0.98
Technology	23.58	0.95

Top 10 Holdings

28/02/2025

	Portfolio NEW
Total Number of Equity Holdings	1275
Total Number of Bond Holdings	2
Assets in Top 10 Holdings	27.12

Name	Sector	Country	% of Assets
Taiwan Semiconductor Manufacturing Co...		Taiwan	9.53
Tencent Holdings Ltd		China	4.99
Alibaba Group Holding Ltd Ordinary Sh...		China	3.34
Samsung Electronics Co Ltd		Korea, Republic Of	2.22
HDFC Bank Ltd		India	1.39
Meituan Class B		China	1.29
Xiaomi Corp Class B		China	1.28
Reliance Industries Ltd		India	1.04
PDD Holdings Inc ADR		China	1.03
China Construction Bank Corp Class H		China	1.01

Increase Decrease New since last portfolio
Category: Global Emerging Markets Equity

Management

Name of Company	FIL Investment Services (UK) Ltd
Phone	(+44) 08003686868
Website	https://professionals.fidelity.co.uk/about-fidelity/contact-us
Address	Beech Gate, Millfield Lane, Lower Kingswood, Tadworth
	Surrey KT20 6RP
	United Kingdom

Domicile	United Kingdom
Legal Structure	Open Ended Investment Company
UCITS	Yes
Inception Date	06/03/2014

Fund Advisor(s)
Geode Capital Management, LLC

Fund Manager	Not Disclosed
Manager Start Date	06/03/2014

Fees and Expenses

Sales Charges (Maximum)
Max Initial Charge	n/a
Max Exit Charge*	n/a

Annual Charges
Max Annual Management Charge	0.20%
Ongoing Charge	0.20%

Purchase Details

Minimum Investments
Initial	500 GBP
Additional	250 GBP
Savings	50 GBP

Tax Free Savings Schemes
ISAs	Yes