Morgan Stanley Emerging Markets Debt

  • Trading Symbol: FPRMC
Close
Close

Morningstar® Snapshot*

AS OF 3/31/2014; MORNINGSTAR CATEGORY: EMERGING MARKETS BOND
Returns 5 out of 5, High Returns
LOW AVG HIGH
Expenses Not available
Not Available
Risk of this Category Category Risk Rating:5, where 1 is Lower and 10 is Higher
LOWER HIGHER

*All data provided by Morningstar. Please click on each indicator above to learn more about comparison groups and methodology.

Expense data not reported by Morningstar.

Performance

1, 2 More Information
AS OF 3/31/2014; *YTD AS OF 4/22/2014; **SUBACCOUNT INCEPTION 5/1/2006
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life of Fund**
FPRMC +4.54% -3.88% +5.32% +10.16% +6.43%

Hypothetical Growth of $10,000

3, 4 More Information
AS OF 03/31/2014; MORNINGSTAR CATEGORY: EMERGING MARKETS BOND
Shows growth of hypothetical $10,000 investment in Morgan Stanley Emerging Markets Debt fund over the selected time period

The chart illustrates the performance of a hypothetical $10,000 investment made in the fund ten years ago or on commencement of operations (whichever is later). Figures include reinvestment of capital gains and dividends, and reflect the effects of the annual annuity charge and the underlying fund's expenses. Figures do not reflect the effects of any applicable redemption fees, maintenance charges, or surrender fees, which would lower these figures. This chart is not intended to imply any future performance of the fund.

The performance data featured represents past performance, which is no guarantee of future results. Investment returns and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received. Fund performance fluctuates and currently may be significantly higher or lower than stated.

Fund Manager(s)

More Information
Eric Baurmeister since 4/30/2002

Fund Overview

Objective

The investment seeks high total return.

Strategy

The fund invests at least 80% of the fund's assets in debt securities of issuers located in emerging market or developing countries. It may invest, to a lesser extent, in securities denominated in currencies other than U.S. dollars. The fund may invest in fixed income securities that are rated below "investment grade" or are not rated, but are of equivalent quality. It may, but it is not required to, use derivative instruments for a variety of purposes, including hedging, risk management, portfolio management or to earn income. The fund is non-diversified.

Details

More Information
Morningstar Category
Emerging Markets Bond
Subaccount Inception
5/1/2006
Unit Value
$16.61
4/22/2014
Turnover Rate
88%
12/31/2013
Net Assets ($M)
$74.39
3/31/2014
12 Month Low-High
$15.32 - $17.55
3/31/2014

Top 10 Holdings

5 More Information
AS OF 12/31/2013
Top 10 Holdings
Petroleos De Venezuela Sa 8.5% 5.06%
Russian Federation 7.5% 4.87%
Majapahit Hldgs B V 7.75% 3.05%
Republic Of Turkey 5.625% 2.84%
Brazil Minas Spe 144A 5.333% 2.65%
Sinopec Grp Overseas Dev2013 4.375% 2.51%
Petroleos Mexicanos 4.875% 2.39%
Petroleos De Venezuela Sa 12.75% 2.34%
Philippines Rep 9.5% 2.32%
Poland Rep 3% 2.23%
% of Total Portfolio 30.26%
out of 103 holdings
View Composition

Quarter-End Average Annual Total Returns

1, 2, 3 More Information
AS OF 3/31/2014; *SUBACCOUNT INCEPTION 5/1/2006

EXPENSE RATIO (GROSS):Glossary definition opens in new window.
1.05% AS OF 12/31/2013
1 Yr 3 Yr 5 Yr 10 Yr Life of Fund*
Morgan Stanley Emerging Markets Debt -3.88% 5.32% 10.16% -- 6.43%

© 2012 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Fidelity does not review the Morningstar data and, for fund performance, you should check the fund's current prospectus or other product materials for the most up-to-date information concerning applicable loads, fees and expenses.