Fidelity Series Emerging Markets Debt Local Currency Fund (FSEDX)

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Fidelity Series Emerging Markets Debt Local Currency Fund (FSEDX) is up 1.4% since the beginning of the year. FSEDX is currently trading at $10 per share. Investors who bought $1,000 worth of FSEDX shares 5 years ago would now be looking at an investment worth $1,148.

Fidelity Series Emerging Markets Debt Local Currency Fund (FSEDX) has returned 1.37% so far this year and 10.64% over the past 12 months.

Based on dividend-adjusted daily data since Nov 23, 2020, FSEDX's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, an investment would double in approximately 23.1 years.

Historically, 57% of months were positive and 43% were negative. The best month was Nov 2022 with a return of +7.3%, while the worst month was Apr 2022 at -5.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.

On a daily basis, FSEDX closed higher 48% of trading days. The best single day was Apr 8, 2026 with a return of +2.1%, while the worst single day was Feb 28, 2022 at -3.7%.

Fidelity Series Emerging Markets Debt Local Currency Fund has an annualized alpha of 0.31%, beta of 0.19, and R2 of 0.16 versus S&P 500 Index. Calculated based on daily prices since November 24, 2020.

• This fund participated in 50.78% of S&P 500 Index downside but only 29.58% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.19 may look defensive, but with R2 of 0.16 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 0.16 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.

FSEDX has an expense ratio of 0.00%, meaning no management fees are charged.

FSEDX ranks 34 for risk / return — below 34% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Fidelity Series Emerging Markets Debt Local Currency Fund (FSEDX) and compare them to S&P 500 Index.

Fidelity Series Emerging Markets Debt Local Currency Fund provided a 7.45% dividend yield over the last twelve months, with an annual payout of $0.72 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Fidelity Series Emerging Markets Debt Local Currency Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Fidelity Series Emerging Markets Debt Local Currency 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 Series Emerging Markets Debt Local Currency Fund was 24.77%, occurring on Oct 24, 2022. Recovery took 644 trading sessions.

The current Fidelity Series Emerging Markets Debt Local Currency Fund drawdown is 2.24%.

The chart below shows the rolling one-month volatility.