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Fidelity Global Credit Fund (FGBFX)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Fund Info

ISIN
US31638R8815
CUSIP
31638R881
Issuer
Fidelity
Inception Date
May 22, 2012
Category
Global Bonds
Min. Investment
$0
Distribution Policy
Distributing
Asset Class
Bond

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Fidelity Global Credit Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period


Fidelity Global Credit Fund

1D
1M
YTD
6M
1Y
3Y*
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20251.01%2.00%-0.74%0.58%-0.12%1.37%0.47%0.86%0.86%1.29%7.82%
20241.45%-1.04%2.11%-1.95%1.32%1.18%2.44%1.91%2.00%-1.49%1.50%-1.18%8.41%
20234.77%-1.95%-1.86%0.99%-0.81%-0.14%0.82%-0.55%-1.10%-1.20%3.55%4.71%7.14%
2022-2.26%-2.41%-2.28%-4.63%-1.40%-5.58%4.50%-3.15%-6.13%-1.44%4.22%-0.63%-19.74%
2021-0.70%-1.61%-0.82%1.06%0.31%1.23%1.48%-0.10%-1.20%-0.11%0.10%-0.11%-0.53%
20202.60%0.91%-9.55%5.67%1.80%2.08%2.61%-0.50%0.00%0.05%2.32%0.72%8.25%

Benchmark Metrics

Fidelity Global Credit Fund has an annualized alpha of 1.74%, beta of 0.01, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since May 24, 2012.

  • This fund participated in 32.33% of S&P 500 Index downside but only 18.59% of its upside — more exposed to losses than it benefited from rallies.
  • Beta of 0.01 may look defensive, but with R² of 0.00 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 0.00 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.

Alpha
1.74%
Beta
0.01
0.00
Upside Capture
18.59%
Downside Capture
32.33%

Expense Ratio

FGBFX has an expense ratio of 0.70%, placing it in the medium range.


Return for Risk

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Fidelity Global Credit Fund (FGBFX) and compare them to a chosen benchmark (S&P 500 Index).


Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Dividends

Dividend History

Fidelity Global Credit Fund provided a 3.04% dividend yield over the last twelve months, with an annual payout of $0.25 per share.


2.00%3.00%4.00%5.00%6.00%7.00%$0.00$0.10$0.20$0.30$0.40$0.502015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM2024202320222021202020192018201720162015
Dividend$0.25$0.29$0.28$0.48$0.25$0.37$0.36$0.23$0.18$0.26$0.24

Dividend yield

3.04%3.68%3.69%6.53%2.53%3.69%3.73%2.67%1.98%2.98%2.72%

Monthly Dividends

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.00$0.10$0.00$0.00$0.07$0.00$0.00$0.09$0.25
2024$0.00$0.00$0.00$0.06$0.00$0.00$0.07$0.00$0.00$0.05$0.00$0.12$0.29
2023$0.00$0.00$0.00$0.08$0.00$0.00$0.07$0.00$0.00$0.06$0.00$0.06$0.28
2022$0.00$0.05$0.00$0.05$0.00$0.00$0.06$0.00$0.00$0.06$0.00$0.26$0.48
2021$0.00$0.02$0.00$0.06$0.00$0.00$0.04$0.00$0.00$0.05$0.00$0.08$0.25
2020$0.00$0.00$0.00$0.06$0.00$0.00$0.06$0.00$0.00$0.06$0.00$0.20$0.37

Drawdowns

Drawdowns Chart

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.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Fidelity Global Credit 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 Global Credit Fund was 25.49%, occurring on Oct 21, 2022. The portfolio has not yet recovered.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-25.49%Sep 15, 2021279Oct 21, 2022
-14.12%Mar 9, 202011Mar 23, 202090Jul 30, 2020101
-9.87%Jul 1, 2014394Jan 22, 2016145Aug 18, 2016539
-8.64%Aug 19, 201690Dec 27, 2016215Nov 2, 2017305
-7.03%Dec 5, 2012146Jul 5, 2013210May 6, 2014356

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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