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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+1.64% 3 years+6.90%
3 months+2.58% 5 years+5.19%
1 year+9.80% Since inception+10.85%
Data through --

Peer Comparisonvs. Emerging markets bond

Performance 5-yr return+5.19%+3.74%
Expense ratio0.86%1.15%
Risk 5 year sharpe ratio0.720.55
Net assets$6.2B$682.3M
Average market cap$218.0B$21.4B
Average P/E60.0--
Portfolio turnover82%82%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureJohn Carlson / 22 Years
Minimal initial investment$2,500.00
Minimum IRA investment$2,500.00


Fixed income90.47%
International stock0.63%
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
-- 4.69%
-- 1.96%
-- 1.92%
-- 1.59%
-- 1.39%
-- 1.37%
-- 1.29%
-- 1.26%
-- 1.24%
-- 1.19%