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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+3.88% 3 years+1.75%
3 months+9.63% 5 years+5.93%
1 year+2.93% Since inception+10.67%
Data through --

Peer Comparisonvs. Emerging markets bond

Performance 5-yr return+5.93%+1.52%
Expense ratio0.86%1.20%
Risk 5 year sharpe ratio0.740.27
Net assets$4.1B$484.0M
Average market cap$5.5B$9.8B
Average P/E29.712.5
Portfolio turnover110%110%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureJohn Carlson / 20 Years
Minimal initial investment$2,500.00
Minimum IRA investment$2,500.00


Fixed income95.88%
International stock0.05%
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
-- 2.20%
-- 1.98%
-- 1.36%
-- 1.12%
-- 1.08%
-- 1.06%
-- 1.06%
-- 1.03%
-- 0.97%
-- 0.92%

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