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Fidelity® New Markets Income Fund (FNMIX)

Net Asset Value
1 Day
Overall Morningstar Rating
Emerging markets bond
Style or Category
No Load
Sales Expenses
Expense Ratio
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.


1 month+2.73% 3 years+6.19%
3 months+5.95% 5 years+6.04%
1 year+6.67% Since inception+10.70%
Data through --

Peer Comparisonvs. Emerging markets bond

Performance 5-yr return+6.04%+1.52%
Expense ratio0.86%1.20%
Risk 5 year sharpe ratio0.720.38
Net assets$4.3B$534.9M
Average market cap$21.3B$13.8B
Average P/E11.712.0
Portfolio turnover110%110%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureJohn Carlson / 20 Years
Minimal initial investment$2,500.00
Minimum IRA investment$2,500.00


Fixed income92.54%
International stock5.19%
U.S. stock0.00%
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
-- 2.14%
-- 2.06%
EWZ iShares MSCI Brazil Capped ETF1.80%
-- 1.52%
EEM iShares MSCI Emerging Markets ETF1.47%
-- 1.39%
-- 1.15%
-- 1.08%
-- 1.07%
-- 1.02%

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