The Fund

Fidelity Private Credit Fund

Current Income Solution from an Institutional-Quality Private Credit Provider

As of September 30, 2023

  • Class I

Annualized Distribution Yield¹
1. Annualized distribution yield is calculated by annualizing the current declared distribution and dividing by the last reported monthly net asset value. Distributions have been and may in the future be funded through sources other than cash flow. See the Fund’s prospectus. The Fund will post notices regarding distributions subject to Section 19(a) of the Investment Company Act of 1940. We cannot guarantee that we will make distributions, and if we do, we may fund such distributions from sources other than cash flow from operations, including the sale of assets, borrowings, return of capital, or offering proceeds, and we have no limits on the amounts we may pay from such sources. As of current month end 100% of inception to date distributions were funded from cash flows from operations. A return of capital (1) is a return of the original amount invested, (2) does not constitute earnings or profits and (3) will have the effect of reducing the basis such that when a shareholder sells its shares the sale may be subject to taxes even if the shares are sold for less than the original purchase price. Distributions may also be funded in significant part, directly or indirectly, from temporary waivers or expense reimbursements borne by the Adviser or its affiliates, that may be subject to reimbursement to the Adviser or its affiliates. The repayment of any amounts owed to our affiliates will reduce future distributions to which you would otherwise be entitled.

Total Net Return2 

Share Class 1-Month 3-Month YTD 1-Yr 3-Yr 5-Yr Since Inception*
Class I 1.32% 3.30%
 - - 7.17%

*Fund Inception 3/13/2023

2. Total Net Return is calculated as the change in NAV per share during the period, plus distributions per share (assuming dividends and distributions are reinvested) divided by the beginning NAV per share. Returns greater than one year are annualized. All returns are derived from unaudited financial information and are net of all Fidelity Private Credit Fund (the Fund) expenses, including general and administrative expenses, transaction related expenses, management fees, incentive fees, and share class specific fees, but exclude the impact of early repurchase deductions on the repurchase of shares that have been outstanding for less than one year. Past performance is historical and not a guarantee of future results. Class I does not have upfront placement fees. The returns have been prepared using unaudited data and valuations of the underlying investments in the Fund which are estimates of fair value and form the basis for the Fund’s NAV. Valuations based on unaudited reports from the underlying investments may be subject to later adjustments, may not correspond to realized value and may not accurately reflect the price at which assets could be liquidated.

Historical Distribution Per Share 

Share Class  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2023 Base Distributions - - - $0.1750
$0.1750  $0.1750       
2023 Variable Supplemental Distributions - - - $0.0250  $0.0300 $0.0300 $0.0300 $0.0300 $0.0400  $0.0400       
Total  -  - $0.2000
 $0.2050 $0.2050  $0.2050 $0.2050 $0.2150 $0.2150       

Historical Performance

Share Class
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
Class I
2023 - - 1.26% 0.63% 0.66% 1.14% 0.83% 1.11% 1.32%

Current performance may be higher or lower than that quoted. Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold.

Historical NAV Per Share 

Share Class Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Class I 2023 - - $25.31 $25.27 $25.24  $25.32  $25.32 $25.40 $25.52       

Fidelity Advisors Interested in Fidelity Private Credit Fund

if you are an individual investor, please reach out to your Financial Advisor.