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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+1.55% 3 years+6.70%
3 months+4.56% 5 years+5.95%
1 year+14.32% Since inception+10.84%
Data through --

Peer Comparisonvs. Emerging markets bond

Performance 5-yr return+5.95%+3.38%
Expense ratio0.86%1.18%
Risk 5 year sharpe ratio0.760.48
Net assets$5.4B$633.5M
Average market cap$46.0B$14.5B
Average P/E20.91.6
Portfolio turnover82%82%

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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 income92.87%
International stock1.31%
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
-- 4.04%
-- 2.12%
-- 2.05%
-- 2.05%
-- 1.89%
-- 1.70%
-- 1.44%
-- 1.43%
-- 1.41%
-- 1.39%