FGBIX

About FGBIX

Fidelity Advisor Global Credit Fund – Class I is a mutual fund designed to provide a high level of current income by investing primarily in global credit markets. The fund allocates at least 80% of its assets to a diversified range of debt securities, including those issued in both developed and emerging markets, and also pursues repurchase agreements for those securities. This investment approach offers exposure to issuers across various sectors, countries, and regions, helping to reduce risk through diversification. Notably, the fund typically maintains a portfolio of over 200 holdings, reflecting its global and multi-sector strategy. Fidelity Advisor Global Credit Fund – Class I stands out for its focus on investment-grade and select lower-quality bonds, balancing credit quality to achieve its income objective. The fund pays quarterly dividends and has demonstrated a competitive yield relative to peers, with an expense ratio that ranks in the second-lowest fee quintile among similar global bond funds, providing a cost advantage for investors. By hedging most of its non-U.S.-dollar currency exposure back to the U.S. dollar, the fund aims to minimize currency risk while still capitalizing on global credit opportunities. Launched in 2012, it plays a significant role for investors seeking diversified global fixed-income exposure and consistent income streams.