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Morningstar

Fidelity® Global Credit FGBFX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 7.26  /  0.00
  • Total Assets 57.2 Mil
  • Adj. Expense Ratio
    0.700%
  • Expense Ratio 0.500%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Global Bond-USD Hedged
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 6.31%
  • Effective Duration 6.54 years

USD | NAV as of May 26, 2023 | 1-Day Return as of May 26, 2023, 10:14 PM GMT+0

Morningstar’s Analysis FGBFX

Will FGBFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FGBFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FGBFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of FGBFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fidelity® Global Credit's recent fee cut leads to an upgrade to this strategy's Morningstar Medalist Rating to Silver from Bronze. The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FGBFX

More FGBFX Holdings
  • Current Portfolio Date Apr 30, 2023
  • Equity Holdings 0
  • Bond Holdings 177
  • Other Holdings 10
  • % Assets in Top 10 Holdings 16.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offsets For Shorts & Derivatives

57.39
32,798,458
Cash and Equivalents

Fidelity Revere Str Tr

6.89
3,940,412
Cash and Equivalents

Petroleos Mexicanos 6.5%

2.25
1,284,507
Government

United States Treasury Bonds 3.25%

2.14
1,222,104
Government

Heathrow Funding Limited 2.625%

1.81
1,032,329
Corporate

Cloverie plc 4.5%

1.67
952,515
Corporate

AIB Group PLC 2.25%

1.59
907,968
Corporate

Prudential Funding Asia PLC 2.95%

1.55
887,501
Corporate

John Lewis plc 6.125%

1.47
838,810
Corporate

Volkswagen International Finance N.V. 4.625%

1.47
838,598
Corporate