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Fidelity® New Markets Income (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-1.18% 3 years-0.88%
3 months-4.15% 5 years+4.66%
1 year-1.15% Since inception+10.47%
Data through --

Peer Comparisonvs. Emerging markets bond

Performance 5-yr return+4.66%+0.86%
Expense ratio0.90%1.20%
Risk 5 year sharpe ratio0.650.20
Net assets$3.9B$481.7M
Average market cap$22.0B--
Average P/E12.9--
Portfolio turnover146%146%

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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 income95.13%
International stock1.19%
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
-- 3.95%
-- 2.10%
-- 1.59%
-- 1.29%
-- 1.18%
-- 1.05%
-- 1.02%
EEM iShares MSCI Emerging Markets ETF0.99%
-- 0.97%
-- 0.96%

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