Fidelity® New Markets Income (FNMIX)

15.18
Net Asset Value
+0.20%
1 Day
-0.52%
Year-to-Date
Overall Morningstar Rating
Emerging markets bond
Style or Category
No Load
Sales Expenses
0.90%
Expense Ratio
Average
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.

Performance

1 month+0.14% 3 years+3.68%
3 months+0.53% 5 years+6.27%
1 year+1.55% Since inception+11.02%
Data through --

Peer Comparisonvs. Emerging markets bond

 FNMIXCategory
Performance 5-yr return+6.27%+4.92%
Expense ratio0.90%1.22%
Risk 5 year sharpe ratio0.910.61
Net assets$4.4B$597.9M
Average market cap$39.2B--
Average P/E4.6--
Portfolio turnover146%146%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureJohn Carlson / 19 Years
Minimal initial investment$2,500.00
Minimum IRA investment$2,500.00

Holdings

Fixed income97.27%
Cash2.40%
International stock0.32%
U.S. stock0.00%
Other0.00%
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
-- 5.90%
-- 2.34%
-- 1.63%
-- 1.48%
-- 1.14%
-- 1.11%
-- 1.11%
-- 1.03%
-- 0.88%
-- 0.86%

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