Fidelity® New Markets Income Fund (FNMIX)

15.70
Net Asset Value
-0.38%
1 Day
-3.21%
Year-to-Date
Overall Morningstar Rating
Emerging markets bond
Style or Category
No Load
Sales Expenses
0.82%
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 is non-diversified.

Performance

1 month-0.17% 3 years+6.19%
3 months-2.42% 5 years+3.97%
1 year+2.12% Since inception+10.56%
Data through --

Peer Comparisonvs. Emerging markets bond

 FNMIXCategory
Performance 5-yr return+3.97%+2.75%
Expense ratio0.82%1.13%
Risk 5 year sharpe ratio0.580.39
Net assets$6.2B$761.4M
Average market cap$249.1B--
Average P/E39.9--
Portfolio turnover54%54%

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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

Holdings

Fixed income91.24%
Cash7.84%
International stock0.91%
U.S. stock0.00%
Other0.00%
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
-- 2.01%
-- 1.92%
-- 1.50%
-- 1.46%
-- 1.35%
-- 1.27%
-- 1.12%
-- 1.10%
-- 1.07%
-- 1.02%