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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-0.06% 3 years+2.10%
3 months-2.45% 5 years+5.78%
1 year-3.46% Since inception+10.93%
Data through --

Peer Comparisonvs. Emerging markets bond

Performance 5-yr return+5.78%+3.58%
Expense ratio0.90%1.22%
Risk 5 year sharpe ratio0.880.49
Net assets$4.4B$609.6M
Average market cap$67.0B$69.5B
Average P/E17.315.8
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 income85.41%
International stock3.98%
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
-- 4.19%
-- 2.12%
-- 1.84%
EEM iShares MSCI Emerging Markets ETF1.08%
-- 1.07%
-- 1.03%
BABA Alibaba Group Holding Ltd1.00%
FXI iShares China Large-Cap ETF0.96%
-- 0.94%
-- 0.93%