Fidelity Global Credit Fund (FGBFX)
The investment seeks a high level of current income. The fund invests in securities issued throughout the world, including securities of issuers located in emerging markets. It normally invests at least 80% of the fund's assets in debt securities of all types and repurchase agreements for those securities. The fund normally invests primarily in investment-grade debt securities.
Fund Info
| ISIN | US31638R8815 |
|---|---|
| CUSIP | 31638R881 |
| Issuer | Fidelity |
| Inception Date | May 22, 2012 |
| Category | Global Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
FGBFX has a high expense ratio of 0.70%, indicating higher-than-average management fees.
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.
Returns By Period
Fidelity Global Credit Fund had a return of 1.71% year-to-date (YTD) and 7.61% in the last 12 months. Over the past 10 years, Fidelity Global Credit Fund had an annualized return of 0.72%, while the S&P 500 had an annualized return of 10.84%, indicating that Fidelity Global Credit Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.71% | 10.00% |
| 1 month | 0.13% | 2.41% |
| 6 months | 7.39% | 16.70% |
| 1 year | 7.61% | 26.85% |
| 5 years (annualized) | 0.25% | 12.81% |
| 10 years (annualized) | 0.72% | 10.84% |
Monthly Returns
The table below presents the monthly returns of FGBFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.45% | -1.04% | 2.10% | -1.95% | 1.71% | ||||||||
| 2023 | 4.77% | -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% | -5.57% | 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% | -0.52% |
| 2020 | 2.60% | 0.91% | -9.55% | 5.67% | 1.80% | 2.08% | 2.61% | -0.50% | 0.00% | 0.05% | 2.32% | 0.72% | 8.25% |
| 2019 | 2.30% | 0.79% | 2.34% | 0.67% | 1.20% | 1.94% | 1.17% | 2.62% | -0.20% | 0.56% | 0.20% | 0.12% | 14.55% |
| 2018 | -0.54% | -1.09% | -0.11% | -0.31% | -0.22% | -0.34% | 0.89% | 0.22% | -0.22% | -1.05% | -0.68% | 0.62% | -2.82% |
| 2017 | 1.63% | 0.46% | 0.64% | 1.49% | 1.90% | 0.22% | 0.79% | 0.55% | -0.33% | 0.74% | 0.00% | 0.49% | 8.90% |
| 2016 | 0.23% | 0.92% | 4.23% | 1.41% | -1.44% | 2.15% | 1.70% | -0.14% | 0.18% | -2.40% | -4.26% | 0.21% | 2.53% |
| 2015 | 0.40% | -0.34% | -1.13% | 1.39% | -1.96% | -1.12% | 0.23% | -0.31% | -0.67% | 0.89% | -1.77% | -0.15% | -4.51% |
| 2014 | 0.52% | 1.80% | 0.08% | 1.34% | 0.60% | 0.80% | -0.97% | 0.50% | -2.96% | 0.05% | -0.27% | -1.08% | 0.32% |
| 2013 | -0.79% | -1.27% | -0.21% | 2.11% | -3.11% | -1.91% | 1.15% | -1.17% | 2.15% | 0.95% | -1.09% | -0.24% | -3.52% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FGBFX is 44, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
FGBFX (Fidelity Global Credit Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Global Credit Fund (FGBFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Global Credit Fund granted a 3.35% dividend yield in the last twelve months. The annual payout for that period amounted to $0.26 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.26 | $0.28 | $0.48 | $0.25 | $0.37 | $0.35 | $0.23 | $0.18 | $0.30 | $0.27 | $0.22 | $0.22 |
Dividend yield | 3.35% | 3.69% | 6.53% | 2.53% | 3.69% | 3.64% | 2.67% | 1.98% | 3.53% | 3.14% | 2.29% | 2.33% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.06 | |||||||
| 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 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.19 | $0.35 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.06 | $0.23 |
| 2017 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.00 | $0.05 | $0.18 |
| 2016 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.15 | $0.30 |
| 2015 | $0.04 | $0.02 | $0.01 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.27 |
| 2014 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.22 |
| 2013 | $0.01 | $0.01 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.04 | $0.22 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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.
The current Fidelity Global Credit Fund drawdown is 14.04%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.49% | Aug 5, 2021 | 307 | Oct 21, 2022 | — | — | — |
| -14.12% | Mar 9, 2020 | 11 | Mar 23, 2020 | 90 | Jul 30, 2020 | 101 |
| -9.5% | Jul 1, 2014 | 394 | Jan 22, 2016 | 139 | Aug 10, 2016 | 533 |
| -8.53% | Aug 19, 2016 | 83 | Dec 15, 2016 | 180 | Sep 5, 2017 | 263 |
| -6.84% | Dec 31, 2012 | 129 | Jul 5, 2013 | 206 | Apr 30, 2014 | 335 |
Volatility
Volatility Chart
The current Fidelity Global Credit Fund volatility is 1.08%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.