About FEDCX
Fidelity Series Emerging Markets Debt Fund is an open-end mutual fund focused on achieving a high total return through investments in debt securities issued by governments and corporations located in emerging market economies. This institutional-class fund typically allocates at least 80% of its assets to bonds and similar instruments from emerging markets, encompassing a broad geographic exposure including Latin America, Eastern Europe, Africa, the Middle East, and Asia. Its portfolio may include sovereign bonds, quasi-sovereign securities, and corporate debt, often denominated in U.S. dollars, providing diversification and exposure to countries undergoing economic development and structural growth. Managed by a team at Fidelity Investments, the fund plays a key role for investors seeking access to the emerging markets fixed income sector, offering the potential for higher yields and returns compared to developed market debt, albeit with commensurately higher economic, political, and currency risks. With total assets exceeding $1.4 billion, the fund is significant within its category and serves as an important vehicle for institutional strategies targeting emerging market debt exposure.
Fund Family Fidelity
Category Emerging Markets Bond
Performance Rating Above Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol FEDCX
Index Index is not available on Lipper Database
FEDCX had a total return of 3.56% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.37%.
