Fund Evaluator:

Fidelity Global Equity Income Overview

Fidelity Global Equity Income (FGILX) is an actively managed International Equity Global Large-Stock Blend fund. Fidelity Investments launched the fund in 2012.

The investment seeks reasonable income also in pursuing this objective, the fund will also consider the potential for capital appreciation. The fund normally invests at least 80% of assets in equity securities. The fund primarily invests in income-producing equity securities. The fund seeks to exceed the yield on the MSCI ACWI (All Country World Index) Index. The fund invests in other types of equity securities and debt securities, including lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds).

About Fidelity Global Equity Income (FGILX)

There are 1 members of the management team with an average tenure of 14.25 years: Ramona Persaud (2012). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI ACWI NR USD index with a weighting of 100%. Fidelity Global Equity Income has 154 securities in its portfolio. The top 10 holdings constitute 35.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Fidelity Global Equity Income is part of the Equity global asset class and is within the International Equity fund group. Fidelity Global Equity Income has 41.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 56.8%. There is 41.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Fidelity Global Equity Income has 1.9% of the portfolio in cash.

Assets Under Management

The fund has $354 million in total assets, which is below the $1 billion average for the Global Large-Stock Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

FGILX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Fidelity Global Equity Income expense ratio is high compared to funds in the Global Large-Stock Blend category. Fidelity Global Equity Income has an expense ratio of 0.91%, which is 13% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Fidelity Global Equity Income has a portfolio turnover rate of 19%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 43% for the Global Large-Stock Blend category.

Recently, in the month of July 2026, Fidelity Global Equity Income returned 0.9%, which earned it a grade of C, as the Global Large-Stock Blend category had an average return of 0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Fidelity Global Equity Income has a trailing yield of 0.89%, which is below the 0.95% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Fidelity Global Equity Income Grades

Year to date, the fund has returned 10.9%, 1.2 percentage points better than the category, which translates into a grade of C. The fund has returned 21.3% over the past year (grade of B), 17.4% over the past three years (grade of B) and 11.3% per year over the past five years (grade of A) and 12.0% per year over the past 10 years (grade of B).

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