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

Executive summary

• Achieved a profit of $24.1 million for the year ended 30 June 2025, reversing a prior year loss of $4.3 million.

• Net assets attributable to unitholders decreased to $177.3 million from $202.0 million year-over-year.

• Distributions paid and payable totaled $3.0 million (10.95 cents per unit), down from $7.4 million (21.03 cents per unit) in the prior year.

Financial highlights

• Total investment income was $27.1 million, up from a loss of $1.1 million in the prior year.

• Net gains on financial instruments at fair value were $22.4 million, compared to a loss of $6.3 million last year.

• Operating expenses decreased to $2.3 million from $2.5 million year-over-year.

• Cash and cash equivalents at year-end were $3.9 million, down from $6.2 million.

• Applications for units totaled $4.2 million, while redemptions were $50.4 million.

Outlook and guidance

• Fund will continue to be managed according to its investment objectives and guidelines.

• Future results will depend on investment market performance, which is not guaranteed.