Fidelity Advisor Global Equity Income Fund Class I (FGEJX)
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Fidelity Advisor Global Equity Income Fund Class I Profile
| NASDAQ Exchange | United States Country |
Overview
This fund is strategically focused on maximizing income for investors by predominantly investing in equity securities that offer income-generating opportunities. It commits at least 80% of its assets to such equity securities, aiming to provide an income yield that surpasses the yield of the MSCI ACWI (All Country World Index) Index. While the fund emphasizes dividend-paying stocks, it also diversifies its portfolio by including various other types of equities and debt instruments. Among these are lower-quality debt securities, commonly known as high-yield debt securities or junk bonds, which are selected to potentially increase the fund's yield but at a higher risk compared to investment-grade securities.
Products and Services
The fund offers a range of investment opportunities primarily focused on income generation through the following products and services:
- Equity Securities: The foundation of the fund's investment strategy, focusing on acquiring a majority stake in equity securities that have the potential to generate income. This includes a variety of stocks across different sectors and geographies, with a particular emphasis on those that pay dividends.
- Income-Producing Equity Securities: Within the broader category of equity securities, the fund specifically targets those shares that are likely to provide income through dividends. This focus aims to ensure a stable income stream for investors from their investments in the stock market.
- Exceeding MSCI ACWI Index Yield: The fund aims to generate returns that exceed the yield on the MSCI ACWI (All Country World Index) Index. This involves carefully selecting securities that not only offer attractive dividend yields but also exhibit the potential for capital appreciation, ensuring that the portfolio's overall yield remains competitive.
- Diversification through Debt Securities: Apart from equities, the fund invests in debt securities to diversify its portfolio and manage risk. This includes both investment-grade bonds and lower-quality debt securities, also known as junk bonds. The inclusion of high yield debt securities is strategized to enhance the fund's overall yield, albeit at a higher risk.
