Fidelity Global Emerging Markets Fund (FEMX) H2 2025 earnings summary

Executive summary

• The fund invests in international equities, equity futures, forward currency contracts, and cash equivalents, with no significant changes in activities during the year ended 30 June 2025.

• Directors confirmed compliance with the fund's constitution and investment policy, and no significant events occurred after year-end.

Financial highlights

• Profit for the year was $24,084,000, a significant turnaround from a loss of $4,330,000 in the prior year.

• Distributions paid and payable totaled $3,006,000 (10.95 cents per unit), down from $7,377,000 (21.03 cents per unit) last year.

• Net investment income was $27,065,000, compared to a net investment loss of $1,123,000 the previous year.

• Net assets attributable to unitholders decreased to $177,310,000 from $202,033,000 year-over-year.

• Applications for units were $4,211,000, while redemptions were $50,414,000.

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 future returns may differ from past returns.