Fidelity Global High Income Fund (FGHNX)
The fund invests primarily in income producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities, of U.S. and non-U.S. issuers, including emerging markets countries. It potentially invests in non-income producing securities, including defaulted securities and common stocks. The advisor uses a base neutral mix of approximately 60% U.S. high yield, 20% emerging markets debt, 15% European high yield, and 5% Asian high yield.
Fund Info
US31641Q8548
31641Q854
May 11, 2011
$0
Expense Ratio
FGHNX features an expense ratio of 0.90%, falling within the medium range.
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 High Income 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
FGHNX
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^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of FGHNX, 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 | 0.77% | 0.65% | 0.70% | -0.40% | 1.61% | 0.12% | 2.04% | 0.91% | 0.78% | 7.37% | |||
| 2023 | 4.55% | -1.77% | 0.38% | 0.60% | -1.37% | 1.97% | 1.42% | -0.38% | -1.68% | -0.85% | 4.28% | 2.90% | 10.23% |
| 2022 | -2.37% | -1.95% | -0.74% | -3.66% | 0.06% | -6.92% | 3.00% | -0.03% | -4.64% | 0.92% | 4.79% | 0.49% | -11.03% |
| 2021 | 0.23% | 1.14% | 0.02% | 1.35% | 0.61% | 0.82% | -0.09% | 0.83% | -0.81% | -0.50% | -1.43% | 1.28% | 3.48% |
| 2020 | -0.02% | -1.83% | -14.10% | 5.19% | 5.33% | 1.76% | 4.18% | 1.33% | -1.34% | 0.04% | 4.28% | 1.96% | 5.32% |
| 2019 | 4.13% | 1.35% | 0.77% | 1.46% | -1.06% | 2.44% | 0.21% | -0.43% | 0.49% | 0.71% | 0.17% | 2.08% | 12.92% |
| 2018 | 1.08% | -1.09% | -0.82% | 0.23% | -0.76% | -0.89% | 2.01% | -0.22% | 0.82% | -2.03% | -1.16% | -1.24% | -4.06% |
| 2017 | 1.80% | 1.43% | -0.23% | 1.43% | 1.43% | 0.37% | 1.52% | 0.68% | 0.55% | 0.37% | 0.34% | 0.47% | 10.62% |
| 2016 | -1.80% | 0.09% | 4.84% | 2.92% | 0.21% | 0.41% | 2.75% | 2.24% | 0.38% | -0.77% | -1.35% | 1.61% | 11.92% |
| 2015 | 0.01% | 2.12% | -0.35% | 2.22% | 0.44% | -1.24% | -0.29% | -1.58% | -2.50% | 2.77% | -1.55% | -2.15% | -2.25% |
| 2014 | 0.04% | 2.39% | 0.23% | 0.70% | 1.11% | 1.24% | -1.31% | 1.20% | -2.24% | 0.94% | -0.68% | -1.81% | 1.72% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 87, FGHNX is among the top 13% 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 Global High Income Fund (FGHNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Global High Income Fund provided a 3.88% dividend yield over the last twelve months, with an annual payout of $0.34 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.38 | $0.39 | $0.40 | $0.42 | $0.45 | $0.49 | $0.43 | $0.44 | $0.50 | $0.81 |
Dividend yield | 3.88% | 4.46% | 4.75% | 4.20% | 4.36% | 4.71% | 5.53% | 4.35% | 4.79% | 5.78% | 8.66% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Global High Income 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 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.00 | $0.38 | ||
| 2023 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.38 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.39 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.40 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.42 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2018 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.06 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.49 |
| 2017 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.43 |
| 2016 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.44 |
| 2015 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.50 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.31 | $0.81 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Global High Income 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 High Income Fund was 23.81%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.81% | Feb 21, 2020 | 22 | Mar 23, 2020 | 114 | Sep 2, 2020 | 136 |
| -18.23% | Sep 14, 2021 | 282 | Oct 21, 2022 | 409 | Jun 3, 2024 | 691 |
| -12.6% | May 20, 2011 | 95 | Oct 4, 2011 | 206 | Jul 31, 2012 | 301 |
| -10.6% | Jun 4, 2015 | 175 | Feb 11, 2016 | 80 | Jun 7, 2016 | 255 |
| -6.04% | Jul 7, 2014 | 115 | Dec 16, 2014 | 102 | May 14, 2015 | 217 |
Volatility
Volatility Chart
The current Fidelity Global High Income Fund volatility is 0.16%, 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.