- ISIN
- US31638R8575
- 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
FGBYX Performance Chart
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Returns By Period
Fidelity Advisor Global Credit Fund Class C
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
FGBYX Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.88% | 2.01% | -0.74% | 0.36% | -0.25% | 1.37% | 0.32% | 0.86% | 0.86% | 1.09% | 6.94% | ||
| 2024 | 1.32% | -1.04% | 2.11% | -2.18% | 1.33% | 1.05% | 2.42% | 1.78% | 2.00% | -1.60% | 1.37% | -1.29% | 7.36% |
| 2023 | 4.63% | -2.08% | -1.86% | 0.84% | -0.81% | -0.41% | 0.86% | -0.68% | -1.24% | -1.19% | 3.55% | 4.48% | 5.92% |
| 2022 | -2.26% | -2.62% | -2.28% | -4.75% | -1.41% | -5.82% | 4.60% | -3.27% | -6.26% | -1.46% | 4.09% | -0.60% | -20.47% |
| 2021 | -0.80% | -1.71% | -0.82% | 0.92% | 0.31% | 1.13% | 1.33% | -0.20% | -1.31% | -0.15% | -0.00% | -0.16% | -1.50% |
Benchmark Metrics
Fidelity Advisor Global Credit Fund Class C has an annualized alpha of 0.72%, beta of 0.02, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since May 24, 2012.
- This fund participated in 35.03% of S&P 500 Index downside but only 16.33% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.02 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
- 0.72%
- Beta
- 0.02
- R²
- 0.00
- Upside Capture
- 16.33%
- Downside Capture
- 35.03%
Expense Ratio
FGBYX has a high expense ratio of 1.70%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor Global Credit Fund Class C (FGBYX) and compare them to 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 Advisor Global Credit Fund Class C provided a 1.39% dividend yield over the last twelve months, with an annual payout of $0.12 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.12 | $0.21 | $0.21 | $0.40 | $0.15 | $0.28 | $0.26 | $0.13 | $0.09 | $0.18 | $0.14 |
Dividend yield | 1.39% | 2.71% | 2.71% | 5.37% | 1.53% | 2.76% | 2.71% | 1.47% | 1.00% | 2.13% | 1.66% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Global Credit Fund Class C. 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 | $0.08 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.19 | ||
| 2024 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.03 | $0.00 | $0.10 | $0.21 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.05 | $0.21 |
| 2022 | $0.00 | $0.05 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.25 | $0.40 |
| 2021 | $0.00 | $0.02 | $0.00 | $0.04 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.05 | $0.15 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.18 | $0.28 |
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 C. 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 C was 26.39%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -26.39%Oct 2022 | 1y 2mo | — | 4y 10moAug 2021 - now |
COVID crash2020 | -14.13%Mar 2020 | 14d | 7mo 28d | 8mo 12dMar 2020 - Nov 2020 |
2016 correction2016 | -11.79%Jan 2016 | 3y 3mo | 3y 4mo | 6y 8moOct 2012 - Jun 2019 |
2021 pullback2021 | -3.79%Mar 2021 | 2mo 12d | 4mo 3d | 6mo 15dJan 2021 - Jul 2021 |
2019 pullback2019 | -1.73%Sep 2019 | 8d | 20d | 28dSep 2019 - Oct 2019 |
Drawdown Indicators
| FGBYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -56.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | — | -0.74% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.72% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.97% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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