Fidelity Advisor Global Credit Fund Class M (FGBWX)
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
US31638R8658
May 22, 2012
$0
Expense Ratio
FGBWX has a high expense ratio of 0.95%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Fidelity Advisor Global Credit Fund Class M (FGBWX) returned 2.56% year-to-date (YTD) and 9.26% over the past 12 months. Over the past 10 years, FGBWX returned 1.99% annually, underperforming the S&P 500 benchmark at 10.85%.
FGBWX
2.56%
-0.12%
1.29%
9.26%
2.75%
0.23%
1.99%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of FGBWX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.88% | 2.01% | -0.74% | 0.53% | -0.12% | 2.56% | |||||||
| 2024 | 1.32% | -1.04% | 2.24% | -2.13% | 1.33% | 1.18% | 2.37% | 1.91% | 2.00% | -1.43% | 1.50% | -1.24% | 8.15% |
| 2023 | 4.63% | -1.95% | -1.86% | 1.06% | -0.81% | -0.27% | 0.90% | -0.68% | -1.10% | -1.27% | 3.70% | 4.66% | 6.88% |
| 2022 | -2.26% | -2.52% | -2.28% | -4.69% | -1.41% | -5.58% | 4.56% | -3.15% | -6.25% | -1.37% | 4.09% | -0.56% | -19.94% |
| 2021 | -0.70% | -1.71% | -0.82% | 1.10% | 0.31% | 1.13% | 1.42% | -0.10% | -1.30% | -0.07% | 0.10% | -0.07% | -0.76% |
| 2020 | 2.60% | 0.81% | -9.56% | 5.60% | 1.80% | 2.08% | 2.54% | -0.40% | -0.10% | -0.01% | 2.32% | 0.76% | 7.99% |
| 2019 | 2.30% | 0.67% | 2.34% | 0.71% | 1.20% | 1.83% | 1.23% | 2.51% | -0.20% | 0.51% | 0.20% | 0.17% | 14.28% |
| 2018 | -0.65% | -1.10% | -0.11% | -0.37% | -0.22% | -0.34% | 0.94% | 0.11% | -0.22% | -1.00% | -0.80% | 0.68% | -3.06% |
| 2017 | 1.51% | 0.55% | 0.50% | 1.46% | 1.99% | 0.11% | 0.74% | 0.55% | -0.33% | 0.79% | -0.11% | 0.54% | 8.60% |
| 2016 | 0.35% | 0.79% | 4.21% | 1.49% | -1.46% | 2.02% | 1.68% | -0.05% | 0.05% | -2.32% | -4.28% | 0.20% | 2.43% |
| 2015 | 0.35% | -0.36% | -1.16% | 1.37% | -1.98% | -1.15% | 0.33% | -0.33% | -0.58% | 0.87% | -1.78% | -0.31% | -4.69% |
| 2014 | 0.52% | 1.68% | 0.06% | 1.32% | 0.68% | 0.78% | -0.98% | 0.48% | -2.98% | 0.03% | -0.41% | -1.01% | 0.08% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 84, FGBWX is among the top 16% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Advisor Global Credit Fund Class M (FGBWX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Fidelity Advisor Global Credit Fund Class M provided a 3.85% dividend yield over the last twelve months, with an annual payout of $0.31 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.27 | $0.26 | $0.46 | $0.22 | $0.35 | $0.33 | $0.21 | $0.16 | $0.28 | $0.27 | $0.19 |
Dividend yield | 3.85% | 3.44% | 3.45% | 6.24% | 2.28% | 3.45% | 3.40% | 2.41% | 1.71% | 3.30% | 3.06% | 2.05% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Global Credit Fund Class M. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.09 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.04 | $0.00 | $0.11 | $0.27 |
| 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 | $0.26 |
| 2022 | $0.00 | $0.05 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.26 | $0.46 |
| 2021 | $0.00 | $0.02 | $0.00 | $0.06 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.07 | $0.22 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.20 | $0.35 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.00 | $0.19 | $0.33 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.06 | $0.21 |
| 2017 | $0.00 | $0.01 | $0.00 | $0.01 | $0.01 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.04 | $0.16 |
| 2016 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.15 | $0.28 |
| 2015 | $0.03 | $0.02 | $0.01 | $0.02 | $0.02 | $0.03 | $0.04 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.27 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.19 |
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 Advisor Global Credit Fund Class M. 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 Advisor Global Credit Fund Class M was 25.65%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current Fidelity Advisor Global Credit Fund Class M drawdown is 6.74%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.65% | Sep 15, 2021 | 279 | Oct 21, 2022 | — | — | — |
| -14.12% | Mar 9, 2020 | 11 | Mar 23, 2020 | 93 | Aug 4, 2020 | 104 |
| -9.69% | Jul 1, 2014 | 394 | Jan 22, 2016 | 145 | Aug 18, 2016 | 539 |
| -8.69% | Aug 19, 2016 | 83 | Dec 15, 2016 | 220 | Oct 31, 2017 | 303 |
| -7.28% | Oct 5, 2012 | 186 | Jul 5, 2013 | 243 | Jun 23, 2014 | 429 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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