# Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fzaex for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Fidelity · Asset class: Equity - Strategy: Actively Managed · Inception: 2013-08-20 This fund aims for long-term capital growth. It typically allocates a minimum of 80% of its assets to securities from companies operating in emerging markets, or to other investments that are economically linked to these regions. Emerging markets are categorized as those with an emerging stock market as defined by MSCI, countries with low-to-middle-income economies as classified by the World Bank, or markets exhibiting similar developing characteristics. The portfolio primarily consists of common stocks and strategically diversifies its holdings across various emerging market countries. ## Key Facts | Metric | Value | |---|---| | Price | $49.12 | | Expense Ratio | 0.80% | | AUM (All Share Classes) | $13.51B | | NAV | $49.12 | | Holdings Count | — | | Distribution Yield (TTM) | 1.43% | | Annual Distribution (TTM) | $0.70 /share | | Distribution Frequency | Annual | | 52-Week Range | $40.51 – $56.73 | | Beta | 1.07 | ## Latest Distribution - Amount: $0.7010 /share - Ex-date: 2025-12-12 - Pay date: 2025-12-15 ## Frequently Asked Questions ### What does FZAEX invest in? This fund aims for long-term capital growth. It typically allocates a minimum of 80% of its assets to securities from companies operating in emerging markets, or to other investments that are economically linked to these regions. Emerging markets are categorized as those with an emerging stock market as defined by MSCI, countries with low-to-middle-income economies as classified by the World Bank, or markets exhibiting similar developing characteristics. The portfolio primarily consists of common stocks and strategically diversifies its holdings across various emerging market countries. ### What is the expense ratio of FZAEX? Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) charges an expense ratio of 0.80%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is FZAEX? Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) is one share class of a fund that manages $13.51B across all of its share classes (FAMKX, FIMKX, FMCKX, FTMKX report the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is FZAEX actively managed or an index fund? FZAEX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (FZAEX's is 0.80%) in exchange for the discretion to over- or under-weight positions. ### When was FZAEX launched? Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) launched in August 2013 and is managed by Fidelity. ### How has FZAEX performed? FZAEX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does FZAEX pay a dividend? Fidelity Advisor Focused Emerging Markets Fund Class Z (FZAEX) currently distributes little or no income. Trailing-twelve-month yield is 1.43%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FZAEX pay dividends? Fidelity Advisor Focused Emerging Markets Fund Class Z pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FZAEX's dividend yield? FZAEX's trailing-twelve-month yield is 1.43%, calculated from the sum of dividends over the past year divided by the current price. ### When is FZAEX's next ex-dividend date? The most recently announced ex-dividend date for FZAEX was 2025-12-12. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will FZAEX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.80% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FZAEX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FZAEX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FZAEX cost more than a fund like VOO? FZAEX is actively managed (current expense ratio 0.80%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether FZAEX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to FZAEX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FZAEX (0.80%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fzaex - Distribution history: https://www.dividenddata.com/funds/fzaex/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fzaex/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fzaex/expenses - Peer comparison: https://www.dividenddata.com/funds/fzaex/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.