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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+0.54% 3 years+6.63%
3 months+4.92% 5 years+5.88%
1 year+15.72% Since inception+10.85%
Data through --

Peer Comparisonvs. Emerging markets bond

Performance 5-yr return+5.88%+3.85%
Expense ratio0.86%1.18%
Risk 5 year sharpe ratio0.750.46
Net assets$5.2B$618.6M
Average market cap$46.3B$33.1B
Average P/E21.520.7
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 income96.26%
International stock1.36%
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
-- 3.17%
-- 2.21%
-- 2.10%
-- 2.06%
-- 1.77%
-- 1.60%
-- 1.50%
-- 1.46%
-- 1.46%
-- 1.44%