FIQYX

About FIQYX

Fidelity Advisor Global Credit Fund Class Z is a mutual fund designed to provide investors with a high level of current income through a globally diversified portfolio of debt securities. The fund allocates at least 80% of its assets to a wide range of fixed-income instruments and related repurchase agreements, selecting securities from various issuers, sectors, and regions around the globe, including both developed and emerging markets. Its holdings span corporate bonds, government debt, and asset-backed securities, drawing on issuers from both public and private sectors. A distinctive feature of this fund is its broad credit exposure, achieved by evaluating the credit quality of issuers and considering security-specific features, as well as relative valuation prospects. With over 200 different positions, it emphasizes sector and geographic diversification to manage risk and seek attractive income opportunities. The fund pays dividends quarterly and maintains a competitive expense ratio within the world bond (USD hedged) category. Since its inception in 2018, the fund has served investors seeking to balance income generation with risk management across global credit markets, playing a key role in diversified fixed-income strategies.