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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-1.24% 3 years+6.88%
3 months+0.52% 5 years+4.64%
1 year+10.93% Since inception+10.78%
Data through --

Peer Comparisonvs. Emerging markets bond

Performance 5-yr return+4.64%+3.44%
Expense ratio0.86%1.15%
Risk 5 year sharpe ratio0.660.47
Net assets$6.4B$721.9M
Average market cap$245.6B$16.8B
Average P/E58.6--
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 income91.32%
International stock0.66%
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
-- 4.45%
-- 2.00%
-- 1.64%
-- 1.54%
-- 1.42%
-- 1.29%
-- 1.25%
-- 1.21%
-- 1.17%
-- 1.17%