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-2.00% 3 years+4.81%
3 months-5.45% 5 years+4.14%
1 year-4.37% Since inception+10.34%
Data through --

Peer Comparisonvs. Emerging markets bond

Performance 5-yr return+4.14%+2.75%
Expense ratio0.82%1.12%
Risk 5 year sharpe ratio0.540.33
Net assets$5.9B$722.2M
Average market cap$125.3B$29.1B
Average P/E37.229.2
Portfolio turnover54%54%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureJohn Carlson / 22 Years
Minimal initial investment$2,500.00
Minimum IRA investment$2,500.00


Fixed income89.81%
International stock1.57%
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
-- 1.98%
-- 1.97%
-- 1.56%
-- 1.52%
-- 1.39%
-- 1.34%
-- 1.28%
-- 1.22%
-- 1.21%
-- 1.18%