Fidelity Summer Street Trust - Fidelity Global High Income Fund

Frequently Asked Questions About FGHNX

What does FGHNX invest in?

The fund invests primarily in income producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities, of U.S. and non-U.S. issuers, including emerging markets countries. It potentially invests in non-income producing securities, including defaulted securities and common stocks. The advisor uses a base neutral mix of approximately 60% U.S. high yield, 20% emerging markets debt, 15% European high yield, and 5% Asian high yield.

What is the expense ratio of FGHNX?

Fidelity Summer Street Trust - Fidelity Global High Income Fund (FGHNX) charges an expense ratio of 0.80%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FGHNX?

Fidelity Summer Street Trust - Fidelity Global High Income Fund (FGHNX) manages $70.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FGHNX actively managed or an index fund?

FGHNX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FGHNX launched?

Fidelity Summer Street Trust - Fidelity Global High Income Fund (FGHNX) launched in May 2011 and is managed by Fidelity.

How has FGHNX performed?

FGHNX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.