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Fidelity Global Credit Fund
FIQYX (Mutual Fund)
Fidelity Global Credit Fund
Name
As of 10/10/2024Price
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
Vitals
YTD Return
8.8%
1 yr return
17.1%
3 Yr Avg Return
-1.9%
5 Yr Avg Return
0.5%
Net Assets
$51.2 M
Holdings in Top 10
20.3%
52 WEEK LOW AND HIGH
$8.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.46%
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 10/10/2024Price
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
FIQYX - Profile
Distributions
- YTD Total Return 8.8%
- 3 Yr Annualized Total Return -1.9%
- 5 Yr Annualized Total Return 0.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.96%
- Dividend Yield 2.5%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFidelity Global Credit Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateOct 02, 2018
-
Shares OutstandingN/A
-
Share ClassZ
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael 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.
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FIQYX - Performance
Return Ranking - Trailing
| Period | FIQYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.8% | -15.2% | -2.4% | 91.54% |
| 1 Yr | 17.1% | -10.4% | -2.5% | 51.91% |
| 3 Yr | -1.9%* | -1.2% | 4.2% | 7.63% |
| 5 Yr | 0.5%* | -0.1% | 3.7% | 2.06% |
| 10 Yr | N/A* | 0.0% | 4.6% | N/A |
* Annualized
Return Ranking - Calendar
| Period | FIQYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.1% | -9.4% | -0.6% | 11.29% |
| 2022 | -24.4% | -1.3% | 7.0% | 34.51% |
| 2021 | -2.9% | 0.5% | 200.9% | 5.50% |
| 2020 | 4.5% | -15.5% | 3.1% | N/A |
| 2019 | 10.5% | -0.6% | 30.6% | N/A |
Total Return Ranking - Trailing
| Period | FIQYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.8% | -15.2% | -2.4% | 91.54% |
| 1 Yr | 17.1% | -12.6% | -2.5% | 45.04% |
| 3 Yr | -1.9%* | -1.6% | 4.2% | 6.78% |
| 5 Yr | 0.5%* | -0.1% | 3.7% | 2.06% |
| 10 Yr | N/A* | 0.0% | 4.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | FIQYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.2% | -9.4% | -0.6% | 11.29% |
| 2022 | -19.7% | -1.3% | 7.0% | 34.51% |
| 2021 | -0.4% | 0.5% | 200.9% | 5.50% |
| 2020 | 8.5% | -15.5% | 3.3% | N/A |
| 2019 | 14.5% | 0.1% | 30.6% | N/A |
NAV & Total Return History
FIQYX - Holdings
Concentration Analysis
| FIQYX | Category Low | Category High | FIQYX % Rank | |
|---|---|---|---|---|
| Net Assets | 51.2 M | 21.8 M | 93.5 B | 77.86% |
| Number of Holdings | 212 | 5 | 7040 | 84.09% |
| Net Assets in Top 10 | 10.1 M | -839 M | 6.06 B | 59.85% |
| Weighting of Top 10 | 20.30% | 6.1% | 100.0% | 60.61% |
Top 10 Holdings
- Fidelity Cash Central Fund 4.33%
- UNITED STATES TREASURY BOND 1.125% 08/15/2040 2.20%
- UNITED STATES TREASURY BOND 3.625% 05/15/2053 2.05%
- CLOVERIE PLC 4.5/VAR 09/11/2044 REGS 2.00%
- UNITED STATES TREASURY BOND 3.875% 05/15/2043 1.94%
- ARGENTUM NETHERLANDS BV 5.75%/VAR 08/15/2050 REGS 1.72%
- GERMANY FEDERAL REPUBLIC OF 2.5% 07/04/2044 REGS 1.53%
- UST NOTES 4.5% 11/15/2033 1.53%
- AROUNDTOWN SA 3.375%/VAR PERP REGS 1.51%
- UST NOTES 4.625% 04/30/2029 1.50%
Asset Allocation
| Weighting | Return Low | Return High | FIQYX % Rank | |
|---|---|---|---|---|
| Bonds | 81.84% | 36.86% | 100.73% | 81.82% |
| Convertible Bonds | 13.86% | 0.00% | 14.16% | 5.30% |
| Preferred Stocks | 11.07% | 0.00% | 0.73% | 83.33% |
| Cash | 6.92% | -2.75% | 67.17% | 32.58% |
| Other | 0.17% | -8.93% | 0.72% | 74.24% |
| Stocks | 0.00% | 0.00% | 0.70% | 87.88% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FIQYX % Rank | |
|---|---|---|---|---|
| Corporate | 55.88% | 0.00% | 70.79% | 18.94% |
| Cash & Equivalents | 4.33% | 0.00% | 51.02% | 6.82% |
| Government | 2.23% | 1.71% | 97.31% | 98.48% |
| Derivative | 0.17% | 0.00% | 50.79% | 67.42% |
| Securitized | 0.07% | 0.00% | 29.11% | 90.15% |
| Municipal | 0.00% | 0.00% | 3.10% | 87.12% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FIQYX % Rank | |
|---|---|---|---|---|
| Non US | 41.47% | 26.05% | 98.85% | 49.24% |
| US | 40.37% | -11.86% | 53.57% | 57.58% |
FIQYX - Expenses
Operational Fees
| FIQYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.46% | 0.02% | 1.81% | 62.50% |
| Management Fee | 0.40% | 0.00% | 0.83% | 81.82% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| FIQYX 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
| FIQYX 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.
| FIQYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 57.00% | 2.00% | 402.00% | 52.25% |
FIQYX - Distributions
Dividend Yield Analysis
| FIQYX | Category Low | Category High | FIQYX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.52% | 0.00% | 2.20% | 10.61% |
Dividend Distribution Analysis
| FIQYX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| FIQYX | Category Low | Category High | FIQYX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.96% | -0.30% | 3.10% | 9.16% |
Capital Gain Distribution Analysis
| FIQYX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 04, 2024 | $0.051 | OrdinaryDividend |
| Apr 05, 2024 | $0.062 | OrdinaryDividend |
| Dec 20, 2023 | $0.064 | OrdinaryDividend |
| Oct 06, 2023 | $0.066 | OrdinaryDividend |
| Jul 07, 2023 | $0.071 | OrdinaryDividend |
| Apr 05, 2023 | $0.085 | OrdinaryDividend |
| Dec 21, 2022 | $0.264 | OrdinaryDividend |
| Oct 07, 2022 | $0.063 | OrdinaryDividend |
| Jul 01, 2022 | $0.056 | OrdinaryDividend |
| Apr 01, 2022 | $0.045 | OrdinaryDividend |
| Feb 11, 2022 | $0.051 | CapitalGainLongTerm |
| Dec 28, 2021 | $0.034 | OrdinaryDividend |
| Dec 28, 2021 | $0.045 | CapitalGainLongTerm |
| Oct 01, 2021 | $0.049 | OrdinaryDividend |
| Jul 02, 2021 | $0.036 | OrdinaryDividend |
| Apr 05, 2021 | $0.062 | OrdinaryDividend |
| Feb 12, 2021 | $0.020 | CapitalGainLongTerm |
| Dec 29, 2020 | $0.132 | OrdinaryDividend |
| Dec 29, 2020 | $0.010 | CapitalGainShortTerm |
| Dec 29, 2020 | $0.061 | CapitalGainLongTerm |
| Oct 02, 2020 | $0.055 | OrdinaryDividend |
| Jul 10, 2020 | $0.055 | OrdinaryDividend |
| Apr 03, 2020 | $0.057 | OrdinaryDividend |
| Dec 27, 2019 | $0.065 | OrdinaryDividend |
| Dec 27, 2019 | $0.128 | CapitalGainShortTerm |
| Oct 04, 2019 | $0.065 | OrdinaryDividend |
| Jul 05, 2019 | $0.041 | OrdinaryDividend |
| Apr 05, 2019 | $0.051 | OrdinaryDividend |
| Dec 26, 2018 | $0.064 | OrdinaryDividend |
FIQYX - 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 |
