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Trending ETFs

Fidelity Global Credit Fund

mutual fund
FGBIX
Payout Change
Pending
Price as of:
$7.9 -0.02 -0.25%
primary theme
N/A
share class
Other (FGBFX) M (FGBWX) C (FGBYX) Z (FIQYX) I (FGBIX) A (FGBZX)
FGBIX (Mutual Fund)

Fidelity Global Credit Fund

Payout Change
Pending
Price as of:
$7.9 -0.02 -0.25%
primary theme
N/A
share class
Other (FGBFX) M (FGBWX) C (FGBYX) Z (FIQYX) I (FGBIX) A (FGBZX)
FGBIX (Mutual Fund)

Fidelity Global Credit Fund

Payout Change
Pending
Price as of:
$7.9 -0.02 -0.25%
primary theme
N/A
share class
Other (FGBFX) M (FGBWX) C (FGBYX) Z (FIQYX) I (FGBIX) A (FGBZX)

Name

As of 12/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Global Credit Fund

FGBIX | Fund

$7.90

$51.2 M

2.47%

$0.20

0.57%

Vitals

YTD Return

8.3%

1 yr return

8.7%

3 Yr Avg Return

-2.3%

5 Yr Avg Return

0.1%

Net Assets

$51.2 M

Holdings in Top 10

19.5%

52 WEEK LOW AND HIGH

$7.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.57%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 57.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Global Credit Fund

FGBIX | Fund

$7.90

$51.2 M

2.47%

$0.20

0.57%

FGBIX - Profile

Distributions

  • YTD Total Return 8.3%
  • 3 Yr Annualized Total Return -2.3%
  • 5 Yr Annualized Total Return 0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.86%
DIVIDENDS
  • Dividend Yield 2.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Fidelity Global Credit Fund
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    May 22, 2012
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Foggin

Fund Description

Investing in securities issued throughout the world, including securities of issuers located in emerging markets. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.Normally investing at least 80% of assets in debt securities of all types and repurchase agreements for those securities.Normally investing primarily in investment-grade debt securities.Allocating investments across different market sectors, countries, and regions, including the United States.Investing up to 20% of assets in lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds).Hedging the fund's foreign currency exposures utilizing forward foreign currency exchange contracts.Investing in contingent convertible securities.Analyzing the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments.Engaging in transactions that have a leveraging effect on the fund, including investments in derivatives - such as swaps (interest rate, total return, and credit default), options, and futures contracts - and forward-settling securities, to adjust the fund's risk exposure.Investing in Fidelity's Central funds (specialized investment vehicles used by Fidelity® funds to invest in particular security types or investment disciplines) consistent with the asset classes discussed above.
Read More

FGBIX - Performance

Return Ranking - Trailing

Period FGBIX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.3% -15.2% -2.4% 90.77%
1 Yr 8.7% -10.4% -2.5% 52.67%
3 Yr -2.3%* -1.2% 4.2% 8.47%
5 Yr 0.1%* -0.1% 3.7% 4.12%
10 Yr 1.6%* 0.0% 4.6% N/A

* Annualized

Return Ranking - Calendar

Period FGBIX Return Category Return Low Category Return High Rank in Category (%)
2023 3.1% -9.4% -0.6% 16.13%
2022 -24.5% -1.3% 7.0% 38.05%
2021 -3.0% 0.5% 200.9% 3.67%
2020 4.3% -15.5% 3.1% 74.00%
2019 10.5% -0.6% 30.6% 5.13%

Total Return Ranking - Trailing

Period FGBIX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.3% -15.2% -2.4% 90.77%
1 Yr 8.7% -12.6% -2.5% 45.80%
3 Yr -2.3%* -1.6% 4.2% 7.63%
5 Yr 0.1%* -0.1% 3.7% 4.12%
10 Yr 1.6%* 0.0% 4.6% N/A

* Annualized

Total Return Ranking - Calendar

Period FGBIX Return Category Return Low Category Return High Rank in Category (%)
2023 7.1% -9.4% -0.6% 16.13%
2022 -19.7% -1.3% 7.0% 38.05%
2021 -0.5% 0.5% 200.9% 3.67%
2020 8.3% -15.5% 3.3% 70.00%
2019 14.5% 0.1% 30.6% 2.56%

NAV & Total Return History

FGBIX - Holdings

Concentration Analysis

FGBIX Category Low Category High FGBIX % Rank
Net Assets 51.2 M 21.8 M 93.5 B 75.57%
Number of Holdings 224 5 7040 81.82%
Net Assets in Top 10 10.5 M -839 M 6.06 B 57.58%
Weighting of Top 10 19.54% 6.1% 100.0% 58.33%

Top 10 Holdings

  1. Fidelity Cash Central Fund 3.68%
  2. UNITED STATES TREASURY BOND 1.125% 08/15/2040 2.20%
  3. UNITED STATES TREASURY BOND 3.625% 05/15/2053 2.04%
  4. UNITED STATES TREASURY BOND 3.875% 05/15/2043 1.92%
  5. AROUNDTOWN SA 3.375%/VAR PERP REGS 1.87%
  6. GRAND CITY PROPERTIES SA 1.5%/VAR PERP REGS 1.86%
  7. ARGENTUM NETHERLANDS BV 5.75%/VAR 08/15/2050 REGS 1.62%
  8. UST NOTES 4.5% 11/15/2033 1.49%
  9. UST NOTES 4.625% 04/30/2029 1.44%
  10. UST NOTES 3.75% 08/31/2031 1.43%

Asset Allocation

Weighting Return Low Return High FGBIX % Rank
Bonds 		82.51% 36.86% 100.73% 79.55%
Convertible Bonds 		13.86% 0.00% 14.16% 3.03%
Preferred Stocks 		12.58% 0.00% 0.73% 81.06%
Cash 		5.84% -2.75% 67.17% 30.30%
Stocks 		0.00% 0.00% 0.70% 85.61%
Other 		-0.93% -8.93% 0.72% 71.97%

Bond Sector Breakdown

Weighting Return Low Return High FGBIX % Rank
Corporate 		55.88% 0.00% 70.79% 16.67%
Cash & Equivalents 		3.68% 0.00% 51.02% 4.55%
Government 		2.23% 1.71% 97.31% 96.21%
Securitized 		0.07% 0.00% 29.11% 87.88%
Municipal 		0.00% 0.00% 3.10% 84.85%
Derivative 		-0.93% 0.00% 50.79% 65.15%

Bond Geographic Breakdown

Weighting Return Low Return High FGBIX % Rank
US 		41.82% -11.86% 53.57% 55.30%
Non US 		40.69% 26.05% 98.85% 46.97%

FGBIX - Expenses

Operational Fees

FGBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.57% 0.02% 1.81% 46.88%
Management Fee 0.40% 0.00% 0.83% 79.55%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

FGBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FGBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FGBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 57.00% 2.00% 402.00% 49.55%

FGBIX - Distributions

Dividend Yield Analysis

FGBIX Category Low Category High FGBIX % Rank
Dividend Yield 2.47% 0.00% 2.20% 9.85%

Dividend Distribution Analysis

FGBIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Monthly

Net Income Ratio Analysis

FGBIX Category Low Category High FGBIX % Rank
Net Income Ratio 1.86% -0.30% 3.10% 15.27%

Capital Gain Distribution Analysis

FGBIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

FGBIX - Fund Manager Analysis

Managers

Michael Foggin

Start Date

Tenure

Tenure Rank

May 19, 2014

8.04

8.0%

Michael Foggin is a portfolio manager at Fidelity Institutional Asset Management (FIAM), an investment organization within Fidelity Investments’ asset management division that is dedicated to serving the needs of consultants and institutional investors, such as defined benefit and defined contribution plans, endowments and financial advisors. In this role, he manages the Global and International Credit Portfolios as part of the Global Fixed Income Team. Prior to joining Fidelity in July 2012, Mr. Foggin was a Fixed Income portfolio manager at Schroders from 2006 to 2012. Previously he worked

Matthew Bartlett

Start Date

Tenure

Tenure Rank

Jun 01, 2017

5.0

5.0%

Matt Bartlett is a portfolio manager in the Fixed Income division at Fidelity Investments. In this role, Mr. Bartlett is a member of the bond division's Credit/Liability Driven Investments Team. Additionally, he manages Fidelity Corporate Bond ETF, Fidelity Series Corporate Bond Fund, Fidelity and Fidelity Advisor Corporate Bond, Global Credit, and Short Duration High Income Funds. Mr. Bartlett earned his bachelor of business administration degree in finance from James Madison University and his master of business administration degree in finance from Loyola University.

Andrew Lewis

Start Date

Tenure

Tenure Rank

Jun 01, 2017

5.0

5.0%

Since joining Fidelity Investments in 2009, Mr. Lewis has worked as a managing director of research in the UK, research analyst, and a portfolio manager.

Lisa Easterbrook

Start Date

Tenure

Tenure Rank

Oct 01, 2021

0.66

0.7%

Lisa Easterbrook is co-manager of the fund, which she has managed since October 2021. Since joining Fidelity Investments in 2011, Ms. Easterbrook has worked as a research analyst and portfolio manager.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.12 31.42 5.43 0.92

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