Fidelity® New Markets Income (FNMIX)

16.38
Net Asset Value
+0.18%
1 Day
+5.07%
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 normally invests in debt securities of issuers in emerging markets. The fund potentially invests in other types of securities. It is non-diversified.

Performance

1 month+1.31% 3 years+7.37%
3 months-1.46% 5 years+8.16%
1 year+7.25% Since inception+11.39%
Data through --

Peer Comparisonvs. Emerging markets bond

 FNMIXCategory
Performance 5-yr return+8.16%+6.26%
Expense ratio0.86%1.24%
Risk 5 year sharpe ratio1.100.79
Net assets$4.9B$692.2M
Average market cap$29.0B$22.2B
Average P/E15.515.3
Portfolio turnover131%131%

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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$500.00

Holdings

Fixed income91.85%
International stock5.50%
Cash1.95%
Other0.62%
U.S. stock0.08%
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
-- US Treasury Bond 3.125%4.67%
-- Russian Federation 7.5%2.40%
-- Russian Fedn 12.75%1.80%
-- Philippines Rep 10.625%1.08%
-- Armenia Rep 6%1.03%
-- Hutchison Whampoa Intl 144A FRN1.01%
-- United Mexican Sts Mtn Be 6.05%0.98%
-- Petroleos De Venezuela Sa 6%0.88%
-- Pemex Proj Fdg Master Tr 6.625%0.85%
-- Republic Of Congo 3%0.83%

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