Fidelity Global Emerging Markets Fund (FEMX) H2 2024 earnings summary

Executive summary

• The Fund invests in international equities, equity futures, forward currency contracts, and cash, with no significant changes in activities during the year ended 30 June 2024.

• Directors confirmed no significant changes in the state of affairs or material events after year-end.

• The Fund is managed in line with its investment objectives and guidelines, with performance affected by market conditions.

Financial highlights

• Recorded a net loss of $4,330,000 for the year ended 30 June 2024, compared to a profit of $12,824,000 in the prior year.

• Total net investment loss was $1,123,000, down from net investment income of $15,782,000 year-over-year.

• Distributions paid and payable totaled $7,377,000 (21.03 cents per unit), up from $1,497,000 (4.26 cents per unit) last year.

• Net assets attributable to unitholders decreased to $202,033,000 from $214,241,000 as at 30 June 2023.

• Applications totaled $26,233,000 and redemptions $26,825,000 for the year.

Outlook and guidance

• The Fund will continue to be managed according to its investment objectives and guidelines, with future results dependent on market performance.

• Investment performance is not guaranteed and may differ from past returns.