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Bond Funds: International & Global

International and global bond funds invest in a range of taxable bonds issued by foreign governments and corporations.

Reasons to consider international & global bond funds

  • Funds can help spread interest rate and economic risk across a wider spectrum, helping to further diversify your portfolio.
  • Funds generally represent a higher risk profile than funds holding only U.S. bonds, which can offer the potential for enhanced returns.
  • Choose from funds that invest in either all foreign bonds or a mix of foreign and U.S. bonds.

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Types of international & global bond funds

Developed market government

Developed market government bond funds invest in bonds issued by countries with developed economies or those that typically have a more established history of repayment. These funds are generally considered to have the lowest risk profile of the group.

Emerging market government

Emerging market government bond funds typically invest 65% of assets in bonds issued by countries with smaller, less developed economies.

Developed market corporate

Developed market corporate bond funds invest in bonds issued by companies headquartered in countries with more established economies. Depending on the fund, the credit quality of the bonds may vary, which will have an impact on the fund’s risk profile.

Emerging market corporate

Emerging market corporate bond funds invest in bonds issued by companies headquartered in countries whose economies are still developing. While these types of bonds generally represent the highest risk of any international bond fund, the risk profile of each fund will vary according to the credit quality of the individual bonds held by that fund.

Additional Resources

Income-Producing Funds in Fidelity Fund Picks®
See our wide range of mutual fund products that can help you generate income.

Behind the Ratings of Fidelity's Medaled Muni Lineup (PDF)
Read about Morningstar's recognition of Fidelity's municipal bond fund lineup.

Questions?

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information.  Read it carefully.
Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks, all of which are magnified in emerging markets.
Diversification does not ensure a profit or guarantee against loss.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.)  Fixed income securities also carry inflation risk, liquidity risk, call risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

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