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Fidelity Advisor Global Credit Fund Class C (FGBYX...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Fund Info

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

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Fidelity Advisor Global Credit Fund Class C, 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 Advisor Global Credit Fund Class C

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
20250.88%2.01%-0.74%0.36%-0.25%1.37%0.32%0.86%0.86%1.09%6.94%
20241.32%-1.04%2.11%-2.18%1.33%1.05%2.42%1.78%2.00%-1.60%1.37%-1.29%7.36%
20234.63%-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%
20202.60%0.81%-9.66%5.54%1.80%1.98%2.46%-0.50%-0.10%-0.09%2.22%0.69%7.23%

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
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 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 Advisor Global Credit Fund Class C provided a 2.35% dividend yield over the last twelve months, with an annual payout of $0.19 per share.


1.00%2.00%3.00%4.00%5.00%$0.00$0.10$0.20$0.30$0.402015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM2024202320222021202020192018201720162015
Dividend$0.19$0.21$0.21$0.40$0.15$0.28$0.26$0.13$0.09$0.18$0.14

Dividend yield

2.35%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-26.39%Aug 5, 2021307Oct 21, 2022
-14.13%Mar 9, 202011Mar 23, 2020166Nov 16, 2020177
-11.79%Oct 5, 2012826Jan 20, 2016851Jun 7, 20191677
-3.79%Jan 5, 202151Mar 18, 202184Jul 19, 2021135
-1.73%Sep 5, 20197Sep 13, 201914Oct 3, 201921

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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