Investment objective & strategy
As of April 17, 2025 · prospectusObjective. The NVIT Fidelity Institutional AM Emerging Markets Fund seeks long-term capital growth by investing primarily in equity securities of companies located in emerging market countries.
Strategy. Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities of issuers in emerging markets and other investments that are tied economically to emerging markets. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the subadviser identifies as having similar emerging market characteristics. Emerging markets tend to have relatively low gross national product per capita compared to the worlds major economies and may have the potential for rapid economic growth. The Fund typically maintains investments in at least six countries at all times. The Fund may invest in companies … Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities of issuers in emerging markets and other investments that are tied economically to emerging markets. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the subadviser identifies as having similar emerging market characteristics. Emerging markets tend to have relatively low gross national product per capita compared to the worlds major economies and may have the potential for rapid economic growth. The Fund typically maintains investments in at least six countries at all times. The Fund may invest in companies of any size, including smaller companies. Many securities in which the Fund invests are denominated in currencies other than the U.S. dollar. In buying and selling securities for the Fund, the subadviser relies on fundamental analysis, which involves a bottom-up assessment of a companys potential for success in light of factors including its financial condition, earnings outlook, strategy, management, industry position, and economic and market conditions. Although the Fund maintains a diversified portfolio, it nonetheless may invest in a limited number of issuers.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| TSMC | — | $50.17M | 9.90% |
| SAMSUNG ELECTRONICS CO LTD | — | $41.14M | 8.12% |
| TENCENT HOLDINGS LTD | — | $28.29M | 5.58% |
| MEDIATEK | — | $16.37M | 3.23% |
| CREDICORP LTD | BAP | $13.77M | 2.72% |
| America Movil S.A.B. de C.V. SPON ADS RP CL B | AMX US | $12.15M | 2.40% |
| CCB-H | — | $11.74M | 2.32% |
| BYD COMPANY LTD H | — | $11.15M | 2.20% |
| LARSEN and TOUBRO LTD | — | $10.90M | 2.15% |
| ANGLOGOLD ASHANTI PLC | — | $10.75M | 2.12% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| VIP Emerging Markets Portfolio | 92% | 0.88% |
| Fidelity Advisor Focused Emerging Markets Fund · FAMKX, FMCKX, FTMKX, FIMKX, FZAEX | 84% | 0.80% |
| Fidelity Fundamental Emerging Markets ETF · FFEM | 52% | 0.60% |
Advisers
| Firm | Role |
|---|---|
| FIAM LLC | Sub-adviser |
| Nationwide Fund Advisors | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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