Fidelity Emerging Markets NAV rises 57.5% in year to September, outpacing benchmark

• Fidelity Emerging Markets' NAV fell 1.3% in September 2026; CATL declined amid trade restrictions, slowing earnings momentum and battery-demand concerns.
• AT&S rose on AI-substrate demand expectations following its expanded Marvell partnership; SK Square rallied on AI-driven demand benefiting SK Hynix.
• Taiwan Semiconductor accounted for 17.6% of net assets, followed by Samsung Electronics at 11.8%; Elite Material represented 2.9%.
• Tencent represented 2.9% of net assets; TBC Bank's weighting was 2.7%, compared with Kaspi/KZ's 2.4%.
• Unimicron Technology accounted for 2.4% of net assets; GCM Mining represented 2.3%, while Banco BTG Pactual held a 2.2% weighting.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fidelity Emerging Markets Ltd. published the original content used to generate this news brief on October 30, 2026, and is solely responsible for the information contained therein.