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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+0.76% 3 years+6.54%
3 months+3.46% 5 years+7.19%
1 year+15.48% Since inception+10.98%
Data through --

Peer Comparisonvs. Emerging markets bond

Performance 5-yr return+7.19%+5.42%
Expense ratio0.86%1.19%
Risk 5 year sharpe ratio1.000.71
Net assets$5.0B$621.5M
Average market cap$20.8B$19.9B
Average P/E15.414.2
Portfolio turnover110%110%

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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


Fixed income89.74%
International stock3.79%
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
-- 2.03%
-- 1.94%
-- 1.76%
-- 1.70%
-- 1.56%
-- 1.48%
EWZ iShares MSCI Brazil Capped ETF1.46%
-- 1.34%
-- 1.34%
-- 1.30%