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Fidelity® New Markets Income Fund (FNMIX)

16.24
Net Asset Value
+0.06%
1 Day
+4.10%
Year-to-Date
Overall Morningstar Rating
Emerging markets bond
Style or Category
No Load
Sales Expenses
0.86%
Expense Ratio
Average
Morningstar Risk Rating™
Investment Objective The investment seeks high current income; capital appreciation is a secondary objective. The fund normally invests at least 80% of assets in securities of issuers in emerging markets (countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets with similar emerging characteristics) and other investments that are tied economically to emerging markets. It is non-diversified.

Performance

1 month+0.14% 3 years+5.19%
3 months+2.61% 5 years+6.00%
1 year+11.44% Since inception+10.87%
Data through --

Peer Comparisonvs. Emerging markets bond

 FNMIXCategory
Performance 5-yr return+6.00%+3.38%
Expense ratio0.86%1.17%
Risk 5 year sharpe ratio0.870.62
Net assets$5.8B$665.6M
Average market cap$35.1B$12.3B
Average P/E4.219.1
Portfolio turnover82%82%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureJohn Carlson / 21 Years
Minimal initial investment$2,500.00
Minimum IRA investment$2,500.00

Holdings

Fixed income91.00%
Cash7.52%
International stock1.48%
U.S. stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Financial service 25.34%
Industrial materials 18.56%
Energy 15.19%
Consumer goods 10.58%
Telecommunication 9.53%
Top 10 Holdings
Portfolio weighting
-- 4.84%
-- 2.22%
-- 2.06%
-- 2.02%
-- 1.96%
-- 1.58%
-- 1.36%
-- 1.33%
-- 1.31%
-- 1.31%