Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

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+0.90% 3 years+8.89%
3 months+0.75% 5 years+4.42%
1 year+9.21% Since inception+10.72%
Data through --

Peer Comparisonvs. Emerging markets bond

Performance 5-yr return+4.42%+2.82%
Expense ratio0.86%1.14%
Risk 5 year sharpe ratio0.580.41
Net assets$6.4B$749.3M
Average market cap$87.2B$14.6B
Average P/E31.8--
Portfolio turnover82%82%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

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 income89.92%
International stock1.13%
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
-- 1.99%
-- 1.83%
-- 1.54%
-- 1.36%
-- 1.29%
-- 1.25%
-- 1.18%
-- 1.11%
-- 1.09%
-- 1.04%