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Fidelity® New Markets Income Fund (FNMIX)

15.27
Net Asset Value
-0.65%
1 Day
+5.17%
Year-to-Date
Overall Morningstar Rating
Emerging markets bond
Style or Category
No Load
Sales Expenses
0.86%
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-3.43% 3 years+5.74%
3 months-3.83% 5 years+5.79%
1 year+9.10% Since inception+10.89%
Data through --

Peer Comparisonvs. Emerging markets bond

 FNMIXCategory
Performance 5-yr return+5.79%+5.42%
Expense ratio0.86%1.19%
Risk 5 year sharpe ratio0.870.59
Net assets$5.0B$626.7M
Average market cap$170.1B$51.9B
Average P/E37.320.2
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

Holdings

Fixed income89.09%
Cash10.42%
International stock0.49%
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
-- 1.83%
-- 1.81%
-- 1.81%
-- 1.67%
-- 1.66%
-- 1.52%
-- 1.37%
-- 1.23%
-- 1.22%
-- 1.16%