Fidelity Series Emerging Markets Debt Fund (FEDCX)

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Fidelity Series Emerging Markets Debt Fund (FEDCX) is up 4.4% since the beginning of the year. FEDCX is currently trading at $9 per share. Investors who bought $1,000 worth of FEDCX shares 5 years ago would now be looking at an investment worth $1,205.

Fidelity Series Emerging Markets Debt Fund (FEDCX) has returned 4.39% so far this year and 15.75% over the past 12 months. Over the last ten years, FEDCX has returned 4.37% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Mar 29, 2011, FEDCX's average daily return is +0.02%, while the average monthly return is +0.42%. At this rate, an investment would double in approximately 13.8 years.

Historically, 64% of months were positive and 36% were negative. The best month was May 2020 with a return of +7.2%, while the worst month was Mar 2020 at -15.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FEDCX closed higher 45% of trading days. The best single day was Mar 25, 2020 with a return of +3.0%, while the worst single day was Mar 18, 2020 at -5.2%.

Fidelity Series Emerging Markets Debt Fund has an annualized alpha of 3.14%, beta of 0.14, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since March 29, 2011.

• This fund participated in 48.99% of S&P 500 Index downside but only 37.80% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.14 may look defensive, but with R2 of 0.14 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.14 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FEDCX has an expense ratio of 0.00%, meaning no management fees are charged.

FEDCX ranks 93 for risk / return — in the top 93% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Fidelity Series Emerging Markets Debt Fund provided a 5.80% dividend yield over the last twelve months, with an annual payout of $0.50 per share.

The table displays the monthly dividend distributions for Fidelity Series Emerging Markets Debt Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Fidelity Series Emerging Markets Debt Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity Series Emerging Markets Debt Fund was 26.00%, occurring on Oct 21, 2022. Recovery took 479 trading sessions.

The current Fidelity Series Emerging Markets Debt Fund drawdown is 0.11%.

The chart below shows the rolling one-month volatility.