Fidelity® New Markets Income (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-1.06% 3 years+5.31%
3 months+3.80% 5 years+7.52%
1 year+0.78% Since inception+11.14%
Data through --

Peer Comparisonvs. Emerging markets bond

Performance 5-yr return+7.52%+3.96%
Expense ratio0.90%1.22%
Risk 5 year sharpe ratio0.910.56
Net assets$4.6B$613.5M
Average market cap$32.6B$40.7B
Average P/E11.113.1
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


Fixed income90.42%
International stock1.87%
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
-- 4.18%
-- 2.55%
-- 1.84%
-- 1.10%
-- 1.03%
EEM iShares MSCI Emerging Markets ETF1.01%
-- 1.00%
-- 0.97%
-- 0.88%
-- 0.79%

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