The Fidelity Emerging Markets Index Fund (FPADX) is a mutual fund that seeks to track the performance of emerging market stocks. This fund is managed by Fidelity Investments and invests in a diverse range of companies located in developing countries around the world. With a focus on growth and potential, this fund offers investors exposure to the rapidly expanding economies of emerging markets. FPADX is a passively managed index fund, meaning it aims to replicate the performance of a specific market index, making it a cost-effective option for investors seeking international diversification.