Fidelity Series Emerging Markets Debt Local Currency Fund
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$9.62
$453 M
1.08%
$0.10
0.02%
Vitals
YTD Return
-0.1%
1 yr return
10.8%
3 Yr Avg Return
7.8%
5 Yr Avg Return
2.8%
Net Assets
$453 M
Holdings in Top 10
26.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.02%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$9.62
$453 M
1.08%
$0.10
0.02%
FSEDX - Profile
Distributions
- YTD Total Return -0.1%
- 3 Yr Annualized Total Return 7.8%
- 5 Yr Annualized Total Return 2.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 1.1%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameFidelity Series Emerging Markets Debt Local Currency Fund
-
Fund Family NameFidelity Group of Funds
-
Inception DateJan 25, 2021
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerConstantin Petrov
Fund Description
FSEDX - Performance
Return Ranking - Trailing
| Period | FSEDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.1% | -23.5% | 4.6% | 98.87% |
| 1 Yr | 10.8% | -24.3% | 3.5% | 95.06% |
| 3 Yr | 7.8%* | -18.9% | 13.6% | N/A |
| 5 Yr | 2.8%* | -21.4% | 6.5% | N/A |
| 10 Yr | N/A* | -15.8% | 5.6% | N/A |
* Annualized
Return Ranking - Calendar
| Period | FSEDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 11.6% | -58.7% | 15.1% | N/A |
| 2024 | -8.8% | -12.8% | 25.4% | N/A |
| 2023 | 7.8% | -12.0% | 25.9% | N/A |
| 2022 | -7.9% | -19.2% | 4.2% | N/A |
| 2021 | N/A | -7.2% | 9.9% | N/A |
Total Return Ranking - Trailing
| Period | FSEDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.1% | -23.5% | 4.6% | 97.17% |
| 1 Yr | 10.8% | -24.3% | 3.5% | 95.06% |
| 3 Yr | 7.8%* | -18.9% | 13.6% | N/A |
| 5 Yr | 2.8%* | -21.4% | 6.5% | N/A |
| 10 Yr | N/A* | -15.8% | 9.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | FSEDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 19.6% | -58.7% | 15.1% | N/A |
| 2024 | -2.5% | -12.8% | 25.4% | N/A |
| 2023 | 13.5% | -7.1% | 25.9% | N/A |
| 2022 | -7.9% | -19.2% | 10.9% | N/A |
| 2021 | N/A | -7.2% | 9.9% | N/A |
NAV & Total Return History
FSEDX - Holdings
Concentration Analysis
| FSEDX | Category Low | Category High | FSEDX % Rank | |
|---|---|---|---|---|
| Net Assets | 453 M | 49.1 K | 15.5 B | 40.28% |
| Number of Holdings | 243 | 4 | 2121 | 82.81% |
| Net Assets in Top 10 | 124 M | -134 M | 1.25 B | 23.78% |
| Weighting of Top 10 | 26.15% | 2.2% | 95.0% | 14.24% |
Top 10 Holdings
- Fidelity Cash Central Fund 10.50%
- MEXICO UNITED MEXICAN STATES 8.5% 05/31/2029 2.95%
- SOUTH AFRICA REPUBLIC OF 8.875% 02/28/2035 1.91%
- CZECH REPUBLIC 1.2% 03/13/2031 1.65%
- CZECH REPUBLIC 0.95% 05/15/2030 REGS 1.59%
- SOUTH AFRICA REPUBLIC OF 8.75% 02/28/2048 1.58%
- BRAZIL LETRAS DO TESOURO NACIONAL 0% 07/01/2026 1.57%
- MEXICO UNITED MEXICAN STATES 7.75% 11/13/2042 1.51%
- THAILAND KINGDOM OF 1.6% 06/17/2035 1.48%
- NOTA DO TESOURO NACIONAL 10% 01/01/2027 1.42%
Asset Allocation
| Weighting | Return Low | Return High | FSEDX % Rank | |
|---|---|---|---|---|
| Bonds | 87.07% | -0.02% | 116.66% | 83.09% |
| Cash | 12.69% | -16.66% | 101.67% | 15.19% |
| Other | 0.23% | -3.28% | 3.53% | 6.88% |
| Stocks | 0.00% | -0.47% | 2.07% | 24.93% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 1.43% |
| Convertible Bonds | 0.00% | 0.00% | 26.58% | 59.03% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FSEDX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 10.50% | 0.00% | 99.89% | 22.06% |
| Derivative | 0.23% | 0.00% | 64.87% | 13.75% |
| Securitized | 0.00% | 0.00% | 1.31% | 13.18% |
| Corporate | 0.00% | 0.00% | 93.26% | 94.56% |
| Municipal | 0.00% | 0.00% | 0.00% | 1.43% |
| Government | 0.00% | 0.00% | 99.79% | 32.66% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FSEDX % Rank | |
|---|---|---|---|---|
| Non US | 86.58% | 0.00% | 159.42% | 85.39% |
| US | 0.49% | -74.21% | 36.99% | 44.99% |
FSEDX - Expenses
Operational Fees
| FSEDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.02% | 0.01% | 2.87% | 100.00% |
| Management Fee | 0.00% | 0.00% | 1.10% | 0.28% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.02% | 0.65% | N/A |
Sales Fees
| FSEDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| FSEDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.75% | 2.00% | 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.
| FSEDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 302.00% | 62.09% |
FSEDX - Distributions
Dividend Yield Analysis
| FSEDX | Category Low | Category High | FSEDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.08% | 0.00% | 30.37% | 36.24% |
Dividend Distribution Analysis
| FSEDX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| FSEDX | Category Low | Category High | FSEDX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -2.28% | 9.04% | 36.73% |
Capital Gain Distribution Analysis
| FSEDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Feb 13, 2026 | $0.052 | OrdinaryDividend |
| Dec 10, 2025 | $0.665 | OrdinaryDividend |
| Dec 31, 2024 | $0.009 | OrdinaryDividend |
| Dec 11, 2024 | $0.402 | OrdinaryDividend |
| Feb 16, 2024 | $0.181 | OrdinaryDividend |
| Dec 01, 2023 | $0.482 | OrdinaryDividend |
| Dec 31, 2021 | $0.003 | OrdinaryDividend |
| Dec 10, 2021 | $0.371 | OrdinaryDividend |
| Feb 12, 2021 | $0.082 | OrdinaryDividend |
| Feb 12, 2021 | $0.005 | CapitalGainShortTerm |
| Dec 11, 2020 | $0.063 | OrdinaryDividend |
FSEDX - Fund Manager Analysis
Managers
Constantin Petrov
Start Date
Tenure
Tenure Rank
Oct 30, 2020
1.58
1.6%
Since joining Fidelity Investments in 1996, Mr. Petrov has worked as a research analyst and portfolio manager.
Timothy Gill
Start Date
Tenure
Tenure Rank
Jan 31, 2022
0.33
0.3%
Timothy Gill is a portfolio manager in the High Income and Alternatives division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals. In this role, Mr. Gill co-manages Fidelity and Fidelity Advisor Global High Income Funds, Fidelity and Fidelity Advisor Total Emerging Markets Funds, Fidelity and Fidelity Advisor New Markets Income Funds, Fidelity and Fidelity Advisor Strategic Income Funds, Fidelity VIP Strategic Income Portfolio, Fidelity Series Emerging Markets Debt Fund, Fidelity Emerging Markets Debt Central Fund, and various institutional portfolios for U.S. and non-U.S. investors. Prior to assuming his current portfolio management responsibilities, Mr. Gill was an assistant portfolio manager and research analyst on the emerging markets debt team, where he covered a variety of sovereign credits. Additionally, he was also a trader within the High Income division covering emerging market sovereign debt. He has been in the financial industry since joining Fidelity in 2000 in the foreign trade operations group. Mr. Gill earned his bachelor of science degree in business administration from the University of Vermont. He is also a CFA charterholder and a member of CFA Society Boston.
Nader Nazmi
Start Date
Tenure
Tenure Rank
Jan 31, 2022
0.33
0.3%
Nader Nazmi is a research analyst in the High Income and Alternatives division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals. In this role, Mr. Nazmi is responsible for sovereign debt research covering Brazil, Mexico, Argentina, and 18 other Latin American countries that the Emerging Markets Debt team invests in. Prior to joining Fidelity, Mr. Nazmi was managing director, sovereign analyst, and macro strategist on the Emerging Markets Debt team at Wellington Management. Additionally, he has had an extensive career in the financial industry, including positions at: BNP Paribas as director and economist for Latin America, Capital Markets group; Institute of International Finance as deputy director and senior economist, Latin America department; Bank One as director of economic research, Latin America, Banc One Capital Markets; and Central Bank of Ecuador as an international advisor in the research department. Mr. Nazmi has also held several positions in academia, including: senior fellow and visiting professor in the Center for Latin America Studies at Georgetown University; Hollender professor and chairperson of the economics department at Lake Forest College; visiting scholar at the Center for Research on Economic Development at the University of Michigan; and Fulbright Scholar at the University of Sao Paulo. He has been in the financial industry since 1998. Mr. Nazmi earned his bachelor of science degree in economics, summa cum laude, Phi Beta Kappa, from Iowa State University, and both his master's and doctorate degrees in economics from the University of Illinois. He also holds the Financial Industry Regulatory Authority (FINRA) Series 2, 7, 24, and 65 licenses. Additionally, his extensive research in economics and international finance have been published in academic journals, editorial contributions, and a book.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 23.87 | 6.36 | 6.11 |