Fidelity Series Emerging Markets Debt Local Currency Fund (FSEDX)
The fund primarily focuses on debt securities in emerging markets and other related investments, with the option to invest in non-emerging market debt securities and lower-quality debt securities of U.S. issuers, while being a non-diversified fund.
Fund Info
Jan 24, 2021
$0
Expense Ratio
FSEDX has an expense ratio of 0.00%, indicating no management fees are charged.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Series Emerging Markets Debt Local Currency 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
Fidelity Series Emerging Markets Debt Local Currency Fund had a return of 3.63% year-to-date (YTD) and 3.18% in the last 12 months.
FSEDX
3.63%
3.63%
-1.00%
3.18%
N/A
N/A
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of FSEDX, 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 | 2.11% | 3.63% | |||||||||||
| 2024 | -1.60% | -0.42% | -0.11% | -2.23% | 2.05% | -1.34% | 2.26% | 2.87% | 3.44% | -4.57% | -0.54% | -2.06% | -2.54% |
| 2023 | 4.37% | -3.20% | 3.99% | 0.99% | -1.41% | 3.41% | 2.77% | -2.80% | -3.41% | -0.33% | 5.31% | 3.67% | 13.58% |
| 2022 | 0.11% | -4.13% | -0.55% | -5.55% | 1.53% | -3.93% | 0.96% | -0.00% | -4.89% | -0.38% | 7.31% | 2.00% | -7.94% |
| 2021 | -1.39% | -2.73% | -2.72% | 2.10% | 2.35% | -0.96% | -0.48% | 0.78% | -3.27% | -1.19% | -2.41% | 1.19% | -8.59% |
| 2020 | 5.10% | 3.55% | 8.84% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FSEDX is 19, meaning it’s performing worse than 81% of other 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 Series Emerging Markets Debt Local Currency Fund (FSEDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Series Emerging Markets Debt Local Currency Fund provided a 4.64% dividend yield over the last twelve months, with an annual payout of $0.41 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.59 | $0.48 | $0.00 | $0.46 | $0.06 |
Dividend yield | 4.64% | 6.92% | 5.14% | 0.00% | 4.83% | 0.58% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.59 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.48 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.46 |
| 2020 | $0.06 | $0.06 |
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 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 24.19%, occurring on Oct 24, 2022. Recovery took 483 trading sessions.
The current Fidelity Series Emerging Markets Debt Local Currency Fund drawdown is 3.88%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.19% | Dec 18, 2020 | 465 | Oct 24, 2022 | 483 | Sep 26, 2024 | 948 |
| -7.89% | Sep 30, 2024 | 72 | Jan 13, 2025 | — | — | — |
| -0.67% | Nov 10, 2020 | 3 | Nov 12, 2020 | 2 | Nov 16, 2020 | 5 |
| -0.38% | Nov 23, 2020 | 1 | Nov 23, 2020 | 1 | Nov 24, 2020 | 2 |
| -0.38% | Nov 27, 2020 | 2 | Nov 30, 2020 | 1 | Dec 1, 2020 | 3 |
Volatility
Volatility Chart
The current Fidelity Series Emerging Markets Debt Local Currency Fund volatility is 2.06%, 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.